Allied Capital Corporation II and Subsidiaries
Exhibit 11 Computation of Earnings Per Common Share
Form 10-Q
March 31, 1995
For the Three Months Ended
March 31,
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1995 1994
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Primary Earnings Per Share:
Net Increase in Net Assets Resulting
from Operations $2,943,000 $1,431,000
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Weighted average number of
shares outstanding 6,938,191 6,938,191
Weighted average number of
shares issuable on exercise
of outstanding stock options 7,028 -
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Weighted average number of shares and
share equivalents outstanding 6,945,219 6,938,191
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Earnings per Share $0.42 $0.21
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Fully Diluted Earnings Per Share:
Net Increase in Net Assets Resulting
from Operations $2,943,000 $1,431,000
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Weighted average number of
shares and share equivalents
outstanding as computed for
primary earnings per share 6,945,219 6,938,191
Weighted average of additional
shares issuable on exercise
of outstanding stock options - -
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Weighted average of shares and
share equivalents outstanding, as adjusted 6,945,219 6,938,191
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Earnings per Share $0.42 $0.21
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