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. NET ASSET VALUE As of November 30, 2011, the Company’s net asset value was $238.0 million or $23.01 per share. This represents an increase of $1.00 per share (4.5%) for the quarter and $2.45 (11.9%) for fiscal 2012. PORTFOLIO As of November 30, 2011, the Company had long-term investments of $319.8 million, consisting of 46 portfolio companies, of which approximately 57% were public MLPs and other public equity securities, 26% were private MLPs and other private equity securities and 17% were debt securities. LIQUIDITY AND CAPITAL RESOURCES On November 14, 2011, the Company amended its credit facility to increase the total commitment amount from $70.0 million to $85.0 million and to extend the maturity date by one year to March 30, 2014. As of November 30, 2011, the Company had $77.0 million of borrowings under its credit facility (at an interest rate of 2.26%), which represented 59.9% of its borrowing base of $128.5 million (66.8% of its borrowing base attributable to quoted securities). At the same date, the Company’s asset coverage ratio under the Investment Company Act of 1940 was 409%. The maximum amount that the Company can borrow under its credit facility is limited to the lesser of the commitment amount of $85.0 million or its borrowing base. As of January 31, 2012, the Company had $82.0 million borrowed under its credit facility and had $5.1 million in cash. Outstanding borrowings represented 57.8% of the borrowing base of $141.9 million (63.9% of its borrowing base attributable to quoted securities).