Risk Factors Update Summary
- Loans to portfolio companies extended beyond 2021 to 2023, increasing risk exposure.
- Completed public offering in 2017 with 32% return, now 23% return in 2023.
- Total assets decreased from $328 million to $277 million, total debt principal from $189 million to $125 million.
- Average leverage of CLO vehicles decreased from 9 times to 8 times in 2023.
- Potential transition away from LIBOR to SOFR could impact financial reporting and operations.
- Potential disruptions due to conflicts like Russia-Ukraine war could adversely affect business.
- Changes in laws or regulations could impact the value of investments and operations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1259429&owner=exclude
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