Condensed Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Condensed Quarterly Financial Data [Abstract]

Condensed Quarterly Financial Data

12. Condensed Quarterly Financial Data (Unaudited)

Detailed below is unaudited condensed quarterly financial data for the years ended December 31, 2011 and 2010.

(In thousands except for per share data)	Three Month Period Ended March 31, 2011			Three Month Period Ended June 30, 2011			Three Month Period Ended September 30, 2011			Three Month Period Ended December 31, 2011
	Expressed in U.S. Dollars
INVESTMENT INCOME
Interest income	$	15,849		$	16,652		$	15,597		$	15,442
EXPENSES
Base management fee		1,481			1,449			1,418			1,396
Incentive fee		612			—			—			—
Interest expense		1,543			1,603			1,627			1,874
Other operating expenses		1,615			1,526			1,575			1,126
Total expenses		5,251			4,578			4,620			4,396
NET INVESTMENT INCOME		10,598			12,074			10,977			11,046
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FINANCIAL DERIVATIVES
Net realized gain (loss) on investments and financial derivatives		11,604			(3,916	)		7,974			11,169
Change in net unrealized gain (loss) on investments and financial derivatives		(11,095	)		(9,479	)		(20,111	)		(20,514	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FINANCIAL DERIVATIVES		509			(13,395	)		(12,137	)		(9,345	)
NET INCREASE (DECREASE) IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS	$	11,107		$	(1,321	)	$	(1,160	)	$	1,701
NET INCREASE (DECREASE) IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE:
Basic and Diluted	$	0.66		$	(0.08	)	$	(0.07	)	$	0.10

(In thousands except for per share data)	Three Month Period Ended March 31, 2010			Three Month Period Ended June 30, 2010			Three Month Period Ended September 30, 2010			Three Month Period Ended December 31, 2010
	Expressed in U.S. Dollars
INVESTMENT INCOME
Interest income	$	11,917		$	10,799		$	10,859		$	12,052
EXPENSES
Base management fee		1,104			1,108			1,173			1,525
Incentive fee		483			—			2,524			1,421
Interest expense		807			873			921			1,225
Other operating expenses		2,060			2,141			1,919			1,556
Total expenses		4,454			4,122			6,537			5,727
NET INVESTMENT INCOME		7,463			6,677			4,322			6,325
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FINANCIAL DERIVATIVES
Net realized gain (loss) on investments and financial derivatives		10,480			7,448			(7,146	)		14,379
Change in net unrealized gain (loss) on investments and financial derivatives		(10,347	)		(10,395	)		18,842			(7,477	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FINANCIAL DERIVATIVES		133			(2,947	)		11,696			6,902
NET INCREASE IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS	$	7,596		$	3,730		$	16,018		$	13,227
NET INCREASE IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE:
Basic and Diluted	$	0.61		$	0.30		$	1.30		$	0.81