For the three months ended

For the six months ended

June 30, 2009

June 30, 2008

June 30, 2009

June 30, 2008

(unaudited)

(unaudited)

(unaudited)

(unaudited)

INVESTMENT INCOME:

From non-controlled/non-affiliate company investments:

Interest from investments (has more capital allocated?)

$

45,307

$

37,768

$

89,138

$

72,734

Capital structuring service fees (big drop due to econ)

603

8,421

1,653

11,146

Interest from cash & cash equivalents (less cash) OK

57

441

210

989

Dividend income

617

375

1,043

871

Other income

1,748

583

2,697

1,408

Total investment income from non-controlled/non-affiliate company investments

48,332

47,588

94,741

87,148

From non-controlled affiliate company investments:

Interest from investments

6,528

8,198

12,103

16,697

Capital structuring service fees

—

—

—

1,095

Dividend income

123

218

137

266

Management fees

1,192

188

1,317

188

Other income

78

190

168

431

Total investment income from non-controlled affiliate company investments (10% not performing?)

7,921

8,794

13,725

18,677

From controlled affiliate company investments:

Interest from investments

2,155

3,758

5,093

6,180

Capital structuring service fees

—

2,900

194

3,000

Management fees

695

409

1,286

606

Other income

8

15

88

60

Total investment income from controlled affiliate company investments

2,858

7,082

6,661

9,846

Total investment income

59,111

63,464

115,127

115,671

EXPENSES:

Interest and credit facility fees

6,301

7,155

12,882

17,078

Base management fees

7,496

7,679

14,994

14,766

Incentive management fees (13% management fee?)

7,987

9,015

15,537

15,508

Professional fees

2,308

1,653

3,705

2,871

Insurance

341

349

675

626

Administrative

1,092

365

2,096

900

Depreciation

165

102

338

204

Directors fees

134

66

236

140

Other

1,261

881

2,407

1,728

Total expenses

27,085

27,265

52,870

53,821

NET INVESTMENT INCOME BEFORE INCOME TAXES

32,026

36,199

62,257

61,850

Income tax expense (benefit), including excise tax

78

138

109

(184

)

NET INVESTMENT INCOME

31,948

36,061

62,148

62,034

REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS:

Net realized gains (losses):

Non-controlled/non-affiliate company investments

(857

)

10

(2,162

)

217

Non-controlled affiliate company investments

—

1

(482

)

1

Controlled affiliate company investments

—

—

—

—

Foreign currency transactions

116

6

68

(2

)

Net realized gains (losses)

(741

)

17

(2,576

)

216

Net unrealized gains (losses):

Non-controlled/non-affiliate company investments (writeup +35%)

11,333

(9,990

)

1,888

(28,594

)

Non-controlled affiliate company investments (down)

(9,929

)

(13,116

)

(11,272

)

(23,858

)

Controlled affiliate company investments

2,175

(9,700

)

(6,926

)

2,633

Foreign currency transactions

(33

)

—

(18

)

7

Net unrealized gains (losses)

3,546

(32,806

)

(16,328

)

(49,812

)

Net realized and unrealized gains (losses) from investments and foreign currency transactions

2,805

(32,789

)

(18,904

)

(49,596

)

REALIZED GAIN ON EXTINGUISHMENT OF DEBT

—

—

26,543

—

NET INCREASE IN STOCKHOLDERS’ EQUITY RESULTING FROM OPERATIONS

$

34,753

$

3,272

$

69,787

$

12,438

BASIC AND DILUTED EARNINGS PER COMMON SHARE (see Note 4)

$

0.36

$

0.04

$

0.72

$

0.15

WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING – BASIC AND DILUTED (see Note 4)

97,152,820

90,125,629

97,152,820

82,097,395