DISTRIBUTIONOn September 28, 2012, the Company declared a distribution of $0.43 per share for the quarter ended August 31, 2012, which was paid on October 26, 2012 to stockholders. This distribution represents an increase of 4.9% from the prior quarter distribution ($0.41 per share) and an increase of 13.2% from the distribution for the quarter ended August 31, 2011. GUIDANCE The Company estimates its portfolio will generate dividends, distributions, and interest income of approximately $7.1 million in the next quarter. This estimate includes cash distributions of $1.2 million per quarter for Direct Fuels, which is pro forma for the October 23, 2012 redemption of the Preferred D units. The Company has assumed that the proceeds from this redemption will be reinvested at an average yield of 8.5%. The estimate also includes distributions of $0.9 million per quarter from VantaCore, which is based on only the cash distributions the Company expects to receive, on average, over the next four quarters of $0.343 per common and preferred A unit and $0.383 per preferred B unit. The Company’s guidance does not include payment-in-kind distributions that the Company expects to receive on VantaCore’s common and preferred A units. The Company’s guidance does not reflect any changes in cash distributions made by MLPs or changes in interest rates based on the movement in LIBOR rates since August 31, 2012.
|Portfolio Category||Amount Invested ($ in millions)||Average Annual Yield (1)(2)|
|Private MLPs (3)(4)||$||85||10.9||%|
|Public MLPs and Other Public Equity||190||6.7|
|Debt Investments (5)(6)||59||10.5|