In addition, another element of the frustration is that we had a great quarter in terms of net realized earnings of $0.28, $98 million in total. A lot of that was driven by the $93 million realized gain that we experienced on the sale of Value Plastics, a very fine portfolio company, and I'm very pleased with those kind of results.But as you can see, we had $1.34 in net loss, overall $464 million. That was driven by $562 million of unrealized depreciation, and that's primarily caused by depreciation at European Capital, two different Sponsor Finance loans, and at our asset management company, American Capital LLC. And I'll talk more about those in a minute. So our NAV is at $11.92. That's a 9% climb from the second quarter.
American Capital CEO Discusses Q3 2011 Results - Earnings Call Transcript
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