What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2023-02-27 compared with 2022-02-25 · 1 added, 2 removed, 20 unchanged (13% of the section changed)

15 unchanged sentences

Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

At December 31, 2021, we were exposed to interest rate risk as a result of approximately

$156.3 million of investments in fixed and floating rate income products, which include our net interests in CIP.

At December 31, 2022, we were exposed to interest rate risk as a result of approximately $155.8 million of investments in fixed and floating rate income products, which include our net interests in CIP.

We considered a hypothetical 100 basis point change in interest rates and determined that the fair value of our fixed income investments could change by an estimated $2.7 million.

3 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.