Please note that this call contains forward-looking statements that provide other than historical information including statements regarding our goals, [inaudible], strategies, future operating results and cash flows.
Although we believe these statements are reasonable, actual results could different materially from those projected in forward-looking statements. These statements are based on various underlying assumptions and are subject to numerous uncertainties and risks including those disclosed under our section titled, "Risk Factors and Forward-Looking Statements" and our annual report on Form 10K for the fiscal year ended December 31, 2011 and quarterly report on Form 10Q for the quarter ended June 30, 2012. These are filed with the Securities and Exchange Commission.
TCAP undertakes no obligation to update or revise any forward-looking statements. And now, I’ll turn the call back over to Garland.
Garland TuckerOkay, thank you, Sheri. And again welcome to everyone for today’s call. We are very pleased once again to have strong quarterly results to discuss with you. Before we get into the substance of today’s calls, I’d like to note that Brent Burgess, our Chief Investment Officer is unable to be with us as he’s traveling. Aside from Brent’s absence, we will follow our customary format which is for me to discuss some highlights for the quarter and then for Steven to provide more detailed information about our financial results and liquidity, our capital market’s activity and our investment activity during the quarter. At the conclusion of these prepared remarks, Steven and I will be happy to answer any questions that you may have. First, most of you probably saw that we increased our quarterly dividend to $0.50 in June which was a year-over-year increase of $0.06 per share or 13.6% over the second quarter of 2011. Obviously, we were very pleased with such a meaningful dividend increase and we’re equally pleased that our net investment income of $0.52 per share was once again comfortably in excess of our dividend.
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