Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2012

Results Of Operations For A Share Outstanding

Results of Operations for a Share Outstanding Throughout the Periods:


		Three Month			Three Month			Six Month			Six Month
		Period Ended			Period Ended			Period Ended			Period Ended
		June 30, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Beginning Shareholders' Equity Per Share
(3/31/2012, 3/31/2011, 12/31/2011 and 12/31/10, respectively)	$	24.09		$	23.80		$	22.55		$	24.47
Net Investment Income		0.54			0.73			1.20			1.37
Net Realized/Unrealized Gains (Losses)		0.12			(0.81	)		1.41			(0.78	)

Results of Operations ⁽¹⁾		0.66			(0.08	)		2.61			0.59
Dividends Paid ⁽²⁾		(0.72	)		(0.41	)		(1.13	)		(1.75	)
Ending Shareholders' Equity Per Share
(6/30/2012, 6/30/2011, 6/30/2012 and 6/30/2011, respectively) ⁽³⁾	$	24.03		$	23.31		$	24.03		$	23.31

Shares Outstanding, end of period		16,447,651			16,507,381			16,447,651			16,507,381

(1) Calculated based on average common shares outstanding and can differ from the calculation for EPS (See Note 8).

(2) Dividends paid include dividends paid on common shares and LTIP units. For the three month periods ending June 30, 2012 and 2011, dividends totaling $0.70 and $0.40, respectively, per common share and LTIP unit outstanding were declared and paid. For the six month periods ending June 30, 2012 and 2011, two dividends totaling $1.10 and $1.71, respectively, per common share and LTIP unit outstanding were declared and paid. Dividends paid of $0.72 and $0.41 per share for the three month periods ending June 30, 2012 and 2011, respectively, and dividends paid of $1.13 and $1.75 per share for the six month periods ending June 30, 2012 and 2011, respectively, above reflect the impact of dividing the total dividend payment, inclusive of LTIP units, by average common shares outstanding, exclusive of LTIP units.

(3) If all LTIP units previously issued were vested and exchanged for common shares as of June 30, 2012 and 2011, shareholders' equity per share would be $23.47 and $22.78, respectively.

Net Asset Based Total Return For A Shareholder

Net Asset Based Total Return for a Shareholder: (1)


	Three Month		Three Month		Six Month		Six Month
	Period Ended		Period Ended		Period Ended		Period Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011

Total Return before Incentive Fee	3.28	%	(0.37	)%	12.22	%	2.42	%
Incentive Fee	(0.60	)%	0.00	%	(0.65	)%	(0.16	)%

Total Return after Incentive Fee	2.68	%	(0.37	)%	11.57	%	2.26	%

(1) Total return is calculated for all shareholders' equity accounts, excluding the Managers' shareholder equity, taken as a whole for each period.

Total return is calculated assuming reinvestment of all distributions at shareholders' equity per share during the period.

Net Asset Based Total Return For A Shareholder Assuming Conversion Of All LTIP Units

Supplemental Information—Net Asset Based Total Return for a Shareholder assuming conversion of all LTIP units: (1)


	Three Month		Six Month
	Period Ended		Period Ended
	June 30, 2012		June 30, 2012

Total Return before Incentive Fee	0.88	%	9.62	%
Incentive Fee	(0.58	)%	(0.64	)%

Total Return after Incentive Fee	0.30	%	8.98	%

(1) Total return is calculated assuming all LTIP units had been converted into common shares at June 30, 2012. Total return represents all shareholders' equity accounts, excluding Manager shares, outstanding for the entire period. LTIP units outstanding at June 30, 2012 totaled 390,500 and represent 2.32% of total shares and LTIP units outstanding as of that date.

Net Investment Income Ratio To Average Shareholders' Equity

Net Investment Income Ratio to Average Shareholders' Equity: (1)


	Three Month		Three Month		Six Month		Six Month
	Period Ended		Period Ended		Period Ended		Period Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011

Net Investment Income (2)	10.72	%	12.43	%	10.84	%	11.73	%

(1) Average shareholders' equity is calculated using month end values.

(2) Includes all items of income and expenses on an annualized basis except for incentive fee expense which is included on a non-annualized basis.

Expense Ratios To Average Shareholders Equity

Expense Ratios to Average Shareholders' Equity: (1)(2)


	Three Month		Three Month		Six Month		Six Month
	Period Ended		Period Ended		Period Ended		Period Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Operating expenses before incentive
fee and interest expense	(2.97	)%	(3.06	)%	(3.04	)%	(3.10	)%
Incentive fee	(0.58	)%	0.00	%	(0.59	)%	(0.15	)%
Interest expense	(2.02	)%	(1.65	)%	(1.98	)%	(1.61	)%

Total Expenses	(5.57	)%	(4.71	)%	(5.61	)%	(4.86	)%

(1) Average shareholders' equity is calculated using month end values.

(2) Ratios are annualized except for the incentive fee which is not annualized.