Let’s first look at the total return swap, net realized and unrealized gains return swap were plus $2.1 million, and that’s comprising two pieces, a $1.5 of unrealized gains that was primarily result of rally in broadly syndicated loan prices of the loans that were referenced in the total return swap. And in addition to the $1.5 million, there was also an increase in net interest accrued on total return swap of $600,000 for the quarter. So total of $2.1 million consisting of two pieces.Now let’s talk about the second component of net realized and unrealized which is huge investments in loans and equity securities. Here we have a bad guy and that is $1.8 million. Loss of $1.8 million that was comprised of $2.1 million of realized losses on the sale of a non-earning asset in that, $2.5 million on unrealized depreciation because we actually sold that position for more than carrying value. And we also had $2.2 million of unrealized depreciation, principally the result of a write-down on one new non-earning asset.
Golub Capital's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.