OTHER EXPENSE

9 Months Ended

Sep. 30, 2024

OTHER EXPENSE

OTHER EXPENSE

NOTE 3 OTHER EXPENSE

The following is a summary of other expense for the three and nine months ended September 30, 2024 and 2023:

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Unrealized and realized gain (loss) on investments	$	(362)	$	12,662	$	(103)	$	15,543
Foreign currency gain on Blue Chip Swaps		—		—		—		7,993
Foreign currency gain (loss)		62		(23,705)		(333)		(58,818)
Other income		214		935		572		720
Total other income (expense)	$	(86)	$	(10,108)	$	136	$	(34,562)

During the nine months ended September 30, 2023, the Company completed two Blue Chip Swap transactions to transfer funds from its Canadian bank account to Argentina. The Company realized a net gain of $7.6 million comprising a foreign currency gain of $8.0 million and a realized loss on investments of $0.4 million, including the impact of fees and commissions on these Blue Chip Swap transactions.