Exhibit 99.3
CAPITALIZATION
The following table sets forth our capitalization as of March 31, 2009. There has been no material change in our capitalization since March 31, 2009.
This table should be read in conjunction with the Company’s consolidated financial statements and the notes thereto, and “Item 5. Operating and Financial Review and Prospects,” both included in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2008 filed with the Securities and Exchange Commission on April 30, 2009.
As of March 31, 2009 (Unaudited) | ||||
In thousands of U.S. Dollars | ||||
Long-term secured debt obligations (including current portion) | $ | 1,492,339 | ||
Negative fair value of interest rate swaps, net | 86,784 | |||
Stockholders equity: | ||||
Common shares, $1.00 par value; 100,000,000 shares authorized; 37,671,392 issued | 37,671 | |||
Cost of Treasury Stock (757,800 shares) | (18,063 | ) | ||
Additional paid-in capital | 265,978 | |||
Accumulated other comprehensive loss | (68,674 | ) | ||
Retained earnings | 686,589 | |||
Noncontrolling interest | 5,208 | |||
Total stockholders’ equity | 908,709 | |||
Total capitalization | $ | 2,487,832 | ||