Exhibit 2.s.3

STATEMENTS RE: COMPUTATION OF RATIOS

(Dollars in Thousands, Except Ratios)

 

     Three Months Ended
December 31, 2015
    For the Years Ended
September 30,
 
     2015     2015     2014     2013     2012     2011  

Net investment income

   $ 4,759      $ 17,700      $ 18,368      $ 18,386      $ 19,044     $ 18,412   

Add: fixed charges and mandatorily redeemable preferred distributions

     2,069        9,050        7,213        7,137        8,108       4,096   

Less: mandatorily redeemable preferred distributions

     (1,029     (4,116       (3,338 )     (2,744 )     (2,491 )     —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings

   $ 5,799      $ 22,634      $ 22,243      $ 22,779      $ 24,661     $ 22,508   

Fixed charges and mandatorily redeemable preferred distributions:

            

Interest expense

     785        3,828        2,628        3,182        4,374       2,676   

Amortization of deferred financing fees

     255        1,106        1,247        1,211        1,243       1,420   

Mandatorily redeemable preferred distributions

     1,029        4,116        3,338        2,744        2,491        —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges and mandatorily redeemable preferred distributions

   $ 2,069      $ 9,050      $ 7,213      $ 7,137      $ 8,108     $ 4,096   

Ratio of net earnings to combined fixed charges and mandatorily redeemable preferred distributions

     2.8        2.5        3.1        3.2        3.0       5.5   

The calculation of the ratio of net earnings to combined fixed charges and mandatorily redeemable preferred distributions is above. “Net earnings” consist of net investment income before fixed charges. “Fixed charges” consist of interest expense and amortization of deferred financing fees.