4 unchanged sentences
At December 31, 2020, the percentage of floating rate debt investments in our portfolio that were subject to an interest rate floor was 79.7%.
−Removed: Floating rate investments subject to a floor generally reset by reference to the current market index after one to six months only if the index exceeds the floor.
+Added: Floati ng rate investments subject to a floor generally reset by reference to the current market index after one to six months only if the index exceeds the floor.
Interest rate sensitivity refers to the change in earnings that may result from changes in the level of interest rates.
4 unchanged sentences
Based on our December 31, 2020 balance sheet, the following table shows the annual impact on net investment income (excluding the related incentive compensation impact) of base rate changes in interest rates (considering interest rate floors for variable rate instruments and the fact that our assets and liabilities may not have the same base rate period as assumed in this table) assuming no changes in our investment and borrowing structure:
−Removed: Basis Point Change
−Removed: Interest income
−Removed: Interest Expense
−Removed: Net Investment Income
+Added: Basis Point Change Interest income Interest Expense Net Investment Income
Up 300 basis points $ 31,359,869 $ (4,693,628) $ 26,666,241
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.