EX-99.1 10 d562766dex991.htm STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratios of Earnings to Fixed Charges

Exhibit 99.1

Computation of Ratio of Earnings to Fixed Charges

 

     Year Ended
3/31/2018
     Year Ended
3/31/2017
     Year Ended
3/31/2016
    Year Ended
3/31/2015
     Year Ended
3/31/2014
 

Earnings:

             

Net increase (decrease) in net assets from operations

   $ 39,307      $ 23,474      $ (5,400   $ 53,442      $ 112,010  

Income tax expense (benefit) and excise taxes

     195        1,779        (1,278     270        (739
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total earnings before taxes

   $ 39,502      $ 25,253      $ (6,678   $ 53,712      $ 111,271  

Fixed Charges:

           —         —          —    

Interest and other financing fees

   $ 4,875      $ 989      $ —       $ —        $ —    
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total fixed charges

   $ 4,875      $ 989      $ —       $ —        $ —    
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Earnings available to cover fixed charges

   $ 44,377      $ 26,242      $ (6,678   $ 53,712      $ 111,271  

Ratio of earnings to fixed charges

     9.10        26.53        —         —          —    

Footnote disclosure:

Footnote (1) disclosure and calculation:

 

     Year Ended
3/31/2018
    Year Ended
3/31/2017
    Year Ended
3/31/2016
    Year Ended
3/31/2015
    Year Ended
3/31/2014
 

Earnings (excluding unrealized and realized gains/losses):

          

Net increase (decrease) in net assets from operations

   $ 39,307     $ 23,474     $ (5,400   $ 53,442     $ 112,010  

Income tax expense (benefit) and excise taxes

     195       1,779       (1,278     270       (739

Unrealized (gains) losses

     (21,492     (7,690     (16,089     108,377       (93,032

Realized (gains) losses

     (1,582     (7,896     10,802       (164,264     (14,084
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings before taxes (excluding unrealized and realized gains/losses)

   $ 16,428     $ 9,667     $ (11,965   $ (2,175   $ 4,155  

Fixed Charges:

          

Interest and other financing fees

   $ 4,875     $ 989     $ —       $ —       $ —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 4,875     $ 989     $ —       $ —       $ —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available to cover fixed charges

   $ 21,303     $ 10,656     $ (11,965   $ (2,175   $ 4,155  

Ratio of earnings to fixed charges

     4.37       10.77       —         —         —