So we are closely monitoring the actions of our lending partners, trends in the market, and in years past, and showing we have the capacity and deal flow to predict strategically among the changing capital flow cycles. We have ongoing flexibility to capitalize on what should be a building year for new deals, thanks to an equity raise of just over $100 million earlier this year, executed at a net price above book value.Rather than ask for permission from our shareholders in sell below book value, as many of our peers have done, we issued stock above book value despite the volatile market climate. It is our sustained belief that selling stock below book value is rarely justified.
Fifth Street Finance's CEO Discusses F1Q12 Results - Earnings Call Transcript
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