13 unchanged sentences
expense incurred on interest bearing liabilities may be compressed, reducing our net interest income and potentially adversely affecting our operating results.
−Removed: During the nine months ended September 30, 2020, certain of the investments in our
+Added: During the three months ended March 31, 2021, certain investments in our
comprehensive investment portfolio had floating interest rates.
2 unchanged sentences
The Company also has revolving credit facilities that are generally based on floating LIBOR.
−Removed: Assuming no changes to our balance sheet as of September 30, 2020 and no new defaults by
−Removed: portfolio companies, a hypothetical one percent decrease in LIBOR on our comprehensive floating rate assets and liabilities would increase our net investment income by one cent per average share over the next twelve months.
+Added: Assuming no changes to our balance sheet as of March 31, 2021 and no new defaults by
+Added: portfolio companies, a hypothetical one percent decrease in LIBOR on our comprehensive floating rate assets and liabilities would increase our net investment income by two cents per average share over the next twelve months.
Assuming no changes to
−Removed: our balance sheet as of September 30, 2020 and no new defaults by portfolio companies, a hypothetical one percent increase in LIBOR on our comprehensive floating rate assets and liabilities would decrease our net investment income by
−Removed: approximately two cents per average share over the next twelve months.
−Removed: However, we may hedge against interest rate fluctuations from time-to-time by using standard
−Removed: hedging instruments such as futures, options, swaps and forward contracts subject to the requirements of the 1940 Act.
−Removed: While hedging activities may insulate us against adverse changes in interest rates, they may also limit our ability to participate
−Removed: in any benefits of certain changes in interest rates with respect to our portfolio of investments.
−Removed: At September 30, 2020, we have no interest rate hedging instruments outstanding on our balance sheet.
+Added: our balance sheet as of March 31, 2021 and no new defaults by portfolio companies, a hypothetical one percent increase in LIBOR on our comprehensive floating rate assets and liabilities would decrease our net investment income by approximately
+Added: five cents per average share over the next twelve months.
+Added: However, we may hedge against interest rate fluctuations from time-to-time by using standard hedging
+Added: instruments such as futures, options, swaps and forward contracts subject to the requirements of the 1940 Act.
+Added: While hedging activities may insulate us against adverse changes in interest rates, they may also limit our ability to participate in any
+Added: benefits of certain changes in interest rates with respect to our portfolio of investments.
+Added: At March 31, 2021, we have no interest rate hedging instruments outstanding on our balance sheet.
Increase (Decrease) in LIBOR
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.