The Company had a net change in unrealized losses of $12.3 million. The net change consisted of $19.5 million of unrealized losses from investments and a deferred tax benefit of $7.2 million. Approximately $59.6 million of these unrealized losses were a result of the reversal of the unrealized gain attributable to International Resource Partners LP (“IRP”) which was realized upon the sale of our investment during the second quarter of fiscal 2011.The Company had an increase in net assets resulting from operations of $39.7 million. This increase was composed of net investment income of $2.6 million; net realized gains of $49.4 million; and net unrealized losses of $12.3 million, as noted above.
Kayne Anderson Energy Development Company Announces Results For The Quarter And Fiscal Year Ended November 30, 2011
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