And we expect that everyone may participate in the party. How this offsets and drives capital flows however is very hard to predict. What we can do at Fifth Street is to optimize the results for our shareholders is to pay very close attention to what our lending partners are doing, what we’re seeing in the market and like in the years past make sure that we have the capacity and deal flow to quickly adjust to the change in capital flow cycles.Our latest equity rates of $100.7 million accomplished at a net price above book value allows us the continued flexibility to take advantage what should be a building year for new deals while staying close to our leverage targets for 2012. Despite the volatile market environment we issued stock above book value and unlike many of our peers we did not ask for permission from our shareholders to sell below book value.
Fifth Street Finance's CEO Discusses F1Q12 Results - Earnings Call Transcript
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