AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
−Removed: the nine months ended September 30, 2023, our cash and cash equivalents were deposited in accounts at well capitalized financial
+Added: the three months ended March 31, 2024, our cash and cash equivalents were deposited in accounts at well capitalized financial
institutions.
−Removed: The fair value of our cash and cash equivalents at September 30, 2023 approximated its carrying value.
+Added: The fair value of our cash and cash equivalents at March 31, 2024 approximated its carrying value.
and Interest Rate Risk
13 unchanged sentences
our portfolio and position our portfolio to respond appropriately to a reduction in credit rating of any of our investments.
−Removed: maintain a revolving credit facility.
−Removed: As we borrow funds to make additional investments, our income will depend, in part, upon
−Removed: the difference between the rate at which we borrow funds and the rate at which we invest those funds.
−Removed: As a result, we are subject
−Removed: to risks relating to changes in market interest rates.
−Removed: In periods of rising interest rates when we have debt outstanding, our
−Removed: cost of funds would increase, which could reduce our income, especially to the extent we continue to hold fixed rate investments.
+Added: entered into a revolving credit facility.
+Added: As we borrow funds to make additional investments, our income will depend, in part,
+Added: upon the difference between the rate at which we borrow funds and the rate at which we invest those funds.
+Added: As a result, we are
+Added: subject to risks relating to changes in market interest rates.
+Added: In periods of rising interest rates when we have debt outstanding,
+Added: our cost of funds would increase, which could reduce our income, especially to the extent we continue to hold fixed rate investments.
We generally seek to mitigate this risk by pricing our debt investments with floating interest rates to maintain the spread of
14 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.