Exhibit 2.s.2
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(Dollars in Thousands, Except Ratios)
For the six months ended | For the years ended March 31, | |||||||||||||||||||||||
| September 30, 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Net investment income | $ | 9,063 | $ | 19,307 | $ | 16,488 | $ | 13,743 | $ | 16,171 | $ | 10,598 | ||||||||||||
Add: fixed charges and preferred distributions (A) | 3,419 | 5,959 | 4,779 | 1,435 | 1,191 | 3,612 | ||||||||||||||||||
Less: preferred dividends (A) | (1,425 | ) | (2,850 | ) | (2,850 | ) | (198 | ) | — | — | ||||||||||||||
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Earnings | $ | 11,057 | $ | 22,406 | $ | 18,406 | $ | 14,970 | $ | 17,362 | $ | 14,210 | ||||||||||||
Fixed charges and preferred distributions: | ||||||||||||||||||||||||
Interest expense | 1,458 | 2,075 | 1,127 | 768 | 690 | 1,984 | ||||||||||||||||||
Amortization of deferred financing fees | 536 | 1,024 | 791 | 459 | 491 | 1,618 | ||||||||||||||||||
Preferred distributions (A) | 1,425 | 2,850 | 2,850 | 198 | — | — | ||||||||||||||||||
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Total fixed charges and preferred distributions (A) | 3,416 | 5,949 | 4,768 | 1,425 | 1,181 | 3,602 | ||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred distributions (A) | 3.2x | 3.8x | 3.9x | 10.5x | 14.7x | 3.9x | ||||||||||||||||||
| (A) | Preferred dividends on Series A Term Preferred Stock |
