EX-99.1 14 s001849x1_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1
 
Computation of Ratio of Earnings to Fixed Charges
 
     
Three Months Ended
6/30/2017
      
Year Ended
3/31/2017
      
Year Ended
3/31/2016
      
Year Ended
3/31/2015
      
Year Ended
3/31/2014
      
Year Ended
3/31/2013
   
Earnings:
                                    
Net increase (decrease) in net assets from operations
  
$
5,444
    
$
23,474
    
$
(5,400
)
  
$
53,442
    
$
112,010
    
$
107,832
  
Income tax expense (benefit) and excise taxes
    
144
      
1,779
      
(1,278
)
    
270
      
(739
)
    
590
  
Total earnings before taxes
  
$
5,588
    
$
25,253
    
$
(6,678
)
  
$
53,712
    
$
111,271
    
$
108,422
  
Fixed Charges:
                    
-
      
-
      
-
      
-
 
Interest and other financing fees
  
$
738
    
$
989
    
$
-
    
$
-
    
$
-
    
$
-
  
Total fixed charges
  
$
738
    
$
989
    
$
-
    
$
-
    
$
-
    
$
-
  
Earnings available to cover fixed charges
  
$
6,326
    
$
26,242
    
$
(6,678
)
  
$
53,712
    
$
111,271
    
$
108,422
  
                                                 
Ratio of earnings to fixed charges
    
8.57
      
26.53
      
-
      
-
      
-
      
-
  
 
Footnote disclosure:
Footnote (1) disclosure and calculation:
 
     
Three Months Ended
6/30/2017
      
Year Ended
3/31/2017
      
Year Ended
3/31/2016
      
Year Ended
3/31/2015
      
Year Ended
3/31/2014
      
Year Ended
3/31/2013
   
Earnings (excluding unrealized and realized gains/losses): 
                                        
Net increase (decrease) in net assets from operations
  
$
5,444
    
$
23,474
    
$
(5,400
)
  
$
53,442
    
$
112,010
    
$
107,832
  
Income tax expense (benefit) and excise taxes
    
144
      
1,779
      
(1,278
)
    
270
      
(739
)
    
590
  
Unrealized (gains) losses
    
(1,384
)
    
(7,690
)
    
(16,089
)
    
108,377
      
(93,032
)
    
(16,367
)
Realized (gains) losses
    
(624
)
    
(7,896
)
    
10,802
      
(164,264
)
    
(14,084
)
    
(89,558
)
Total earnings before taxes (excluding unrealized and realized gains/losses)
  
$
3,580
    
$
9,667
    
$
(11,965
)
  
$
(2,175
)
  
$
4,155
    
$
2,497
  
Fixed Charges:
                                                
Interest and other financing fees
  
$
738
    
$
989
    
$
-
    
$
-
    
$
-
    
$
-
  
Total fixed charges
  
$
738
    
$
989
    
$
-
    
$
-
    
$
-
    
$
-
  
Earnings available to cover fixed charges
  
$
4,318
    
$
10,656
    
$
(11,965
)
  
$
(2,175
)
  
$
4,155
    
$
2,497
  
                                                 
Ratio of earnings to fixed charges
    
5.85
      
10.77
      
-
      
-
      
-
      
-