Content analysis
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Legalese | ||
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H.S. junior Bad
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New words:
August, Bond, compounding, Core, foreseeable, hand, regular, satisfy, sweep, twelve, Ultra, unaffiliated, York
Removed:
accounted
Financial report summary
?Management Discussion
- For the three and six months ended June 30, 2024, investment income was $3.9 million and $7.5 million, respectively, all of which was attributable to interest and fees on our debt investments, dividend income and fee income. The increase in investment income from the three and six months ended June 30, 2023 was primarily due to an increase of $18.9 million and $32.4 million, respectively, aggregate principal amount of new investments acquired during the period.
- For the three and six months ended June 30, 2023, investment income was $2.6 million and $3.2 million, respectively, all of which was attributable to interest and fees on our debt investments and dividend income.
- Total expenses before expense reimbursement and incentive and management fee waivers for the three and six months ended June 30, 2024 were $2.1 million and $3.9 million, respectively, consisting primarily of professional fees, income based incentive fees, capital gains incentive fees, blue sky fees management fees, custodian and accounting fees, trustees’ fees, transfer agent’s fees and expenses, interest expense, pricing fees, shareholder’s reports, and other general and administrative fees. The increase in total expenses from the three and six months ended June 30, 2024 was primarily related to an increase in professional fees, interest expenses, management and incentive fees due to an increased cost of servicing a larger investment portfolio.