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New words:
Additionally, alongside, cure, decision, depository, enabled, extend, failure, FDIC, harm, indirect, inhibit, prevent, producing, protection, provision, recover, Republic, sector, Signature, Silicon, turn, unfavorable, uninsured, Valley
Removed:
disruption, global, lead, pandemic, rapidly, September, significantly, spread
Financial report summary
?Management Discussion
- Net increase (decrease) in net assets resulting from operations can vary from period to period as a result of various factors, including the level of new investment commitments, expenses, the recognition of realized gains and losses and changes in unrealized appreciation and depreciation on the investment portfolio.
- Total investment income increased to $5.3 million for the three months ended March 31, 2023 from $3.1 million for the same period in the prior year primarily driven by our deployment of capital, increased balance of our investments and increase in yields. The size of our investment portfolio at fair value increased to $184.1 million at March 31, 2023 from $162.2 million at March 31, 2022.
- Under the terms of the Administration Agreement and Investment Management Agreement, we reimburse the Administrator and Advisor, respectively, for services performed for us. In addition, pursuant to the terms of these agreements, the Administrator and Advisor may delegate its obligations under these agreements to an affiliate or to a third party and we reimburse the Administrator and Advisor for any services performed for us by such affiliate or third party.