OTHER INCOME

9 Months Ended

Sep. 30, 2023

OTHER INCOME

OTHER INCOME

NOTE 3 OTHER INCOME

The following is a summary of other income for the three and nine months ended September 30, 2023 and 2022:

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Unrealized and realized gain (loss) on investments (Note 5)	$	12,662	$	(1,367)	$	15,543	$	(754)
Foreign currency gain on Blue Chip Swap		—		5,721		7,993		12,309
Foreign currency gain (loss)		(23,705)		1,412		(58,818)		3,880
Other income (loss), net		935		562		720		565
Total other income (loss)	$	(10,108)	$	6,328	$	(34,562)	$	16,000

During the nine months ended September 30, 2023, the Company completed two Blue Chip Swap transactions to transfer funds from its Canadian USD bank account to Argentina. The Company realized net gains of $7.6 million comprised of foreign currency gains of $8.0 million and realized losses on investments of $0.4 million, including the impact of fees and commissions. For the nine months ended September 30, 2022, the Company completed eight Blue Chip Swap transactions and realized net gains of $11.6 million comprised of foreign currency gains of $12.3 million and realized losses on investments of $0.7 million.