Summarized Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Results (unaudited)

Summarized Quarterly Results (unaudited)

The following is a presentation of selected unaudited results of operations:

	Quarter Ended
	March 31, 2019			June 30, 2019			September 30, 2019			December 31, 2019
Net Interest Income
Interest income	$	52,033		$	53,818		$	55,652		$	55,761
Interest expense	36,400			37,958			39,082			36,834
Net Interest Income	15,633			15,860			16,570			18,927
Other Income (Loss)
Realized gain (loss) on sale of investments, net	(5,105		)	(8		)	21,399			11,992
Other than temporary impairment	(1,232		)	(3,295		)	(1,819		)	(2,228		)
Unrealized gain (loss), net	50,781			74,614			35,030			(52,896		)
Gain (loss) on derivative instruments, net	(27,148		)	(71,530		)	(47,056		)	42,007
Other, net	236			532			918			518
Other Income (Loss)	17,532			313			8,472			(607		)
Expenses
Management fee to affiliate	1,735			1,832			1,800			1,987
Other operating expenses	1,598			1,253			1,589			1,079
General and administrative expenses:
Compensation expense	544			705			671			671
Professional fees	1,215			761			973			1,031
Other general and administrative expenses	185			530			344			441
Total general and administrative expenses	1,944			1,996			1,988			2,143
Total Expenses	5,277			5,081			5,377			5,209
Income before income taxes	27,888			11,092			19,665			13,111
Income tax provision (benefit)	12			478			(55		)	622
Net income	$	27,876		$	10,614		$	19,720		$	12,489
Net income per Common Share — Basic	$	0.58		$	0.21		$	0.37		$	0.23
Net income per Common Share — Diluted	$	0.58		$	0.21		$	0.37		$	0.23

	Quarter Ended
	March 31, 2018			June 30, 2018			September 30, 2018			December 31, 2018
Net Interest Income:
Interest income	$	39,727		$	57,154		$	54,461		$	58,020
Interest expense	20,697			38,134			38,517			40,892
Net Interest Income	19,030			19,020			15,944			17,128
Other Income (Loss):
Realized gain (loss) on sale of investments, net	575			(5,608		)	(24,229		)	(33,995		)
Other than temporary impairment	(2,916		)	(2,974		)	(2,533		)	(2,757		)
Unrealized gain (loss), net	(68,961		)	(31,693		)	13,128			62,855
Gain (loss) on derivative instruments, net	79,582			28,490			24,625			(54,728		)
Other, net	47			(145		)	(2		)	(89		)
Other Income (Loss)	8,327			(11,930		)	10,989			(28,714		)
Expenses:
Management fee to affiliate	2,180			2,259			2,284			1,950
Other operating expenses	969			1,555			1,609			1,943
General and administrative expenses:
Compensation expense	510			572			552			552
Professional fees	1,295			818			1,065			1,121
Other general and administrative expenses	361			397			335			349
Total general and administrative expenses	2,166			1,787			1,952			2,022
Total Expenses	5,315			5,601			5,845			5,915
Income (loss) before income taxes	22,042			1,489			21,088			(17,501		)
Income tax provision	313			36			206			154
Net income (loss)	$	21,729		$	1,453		$	20,882		$	(17,655	)
Net income (loss) per Common Share—Basic	$	0.52		$	0.03		$	0.50		$	(0.37	)
Net income (loss) per Common Share—Diluted	$	0.52		$	0.03		$	0.50		$	(0.37	)