Allied Capital Corporation II and Subsidiaries
Exhibit 11 Computation of Earnings Per Common Share
Form 10-Q
June 30, 1995
For the Three Months Ended For the Six Months Ended
June 30, June 30,
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1995 1994 1995 1994
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Primary Earnings Per Share:
Net Increase in Net Assets Resulting from Operations $5,648,000 $2,666,000 $8,591,000 $4,097,000
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Weighted average number of shares outstanding 6,938,191 6,938,191 6,938,191 6,938,191
Weighted average number of
shares issuable on exercise
of outstanding stock options 25,059 -- 7,028 336
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Weighted average number of shares and
share equivalents outstanding 6,963,250 6,938,191 6,945,219 6,938,527
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Earnings per Share $0.81 $0.38 $1.24 $0.59
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Fully Diluted Earnings Per Share:
Net Increase in Net Assets Resulting
from Operations $5,648,000 $2,666,000 $8,591,000 $4,097,000
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Weighted average number of
shares and share equivalents
outstanding as computed for
primary earnings per share 6,963,250 6,938,191 6,945,219 6,938,527
Weighted average of additional
shares issuable on exercise
of outstanding stock options -- 2,624 -- 983
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Weighted average of shares and
share equivalents outstanding, as adjusted 6,963,250 6,940,815 6,945,219 6,939,510
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Earnings per Share $0.81 $0.38 $1.24 $0.59
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