Condensed Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Condensed Quarterly Financial Data (Unaudited)

Condensed Quarterly Financial Data (Unaudited)

Detailed below is unaudited quarterly financial data for the years ended December 31, 2012 and 2011.

	Three Month Period Ended March 31, 2012			Three Month Period Ended June 30, 2012			Three Month Period Ended September 30, 2012		Three Month Period Ended December 31, 2012
(In thousands except per share amounts)
INVESTMENT INCOME
Interest income	$	15,733		$	16,045		$	15,426	$	16,653
EXPENSES
Base management fee	1,492			1,497			1,913		1,933
Incentive fee	—			2,312			9,491		7,342
Interest expense	1,832			1,992			1,936		2,039
Other operating expenses	1,449			1,422			1,354		1,666
Total expenses	4,773			7,223			14,694		12,980
NET INVESTMENT INCOME	10,960			8,822			732		3,673
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FINANCIAL DERIVATIVES
Net realized gain (loss) on investments and financial derivatives	(11,789		)	(11,280		)	4,943		6,879
Change in net unrealized gain (loss) on investments and financial derivatives	32,884			13,226			23,862		14,234
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FINANCIAL DERIVATIVES	21,095			1,946			28,805		21,113
NET INCREASE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS	$	32,055		$	10,768		$	29,537	$	24,786
NET INCREASE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS PER SHARE:
Basic and Diluted	$	1.90		$	0.64		$	1.59	$	1.19

	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
(In thousands except per share amounts)
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