Adjusted net investment income definition

Adjusted net investment income means the Company’s “pre-incentive fee net investment income” during the then most recently completed calendar quarter minus the difference, if positive, between (i) the Company’s “net realized losses” over the then most recently completed and three preceding calendar quarters (or if shorter, the number of calendar quarters that have occurred since the Listing) and (ii) the Company’s “net investment income” over the three preceding calendar quarters (or if shorter, the number of calendar quarters that have occurred since the Listing). No adjustment (downward or upward) will be made to “pre-incentive fee net investment income” if the difference between clause (i) minus clause (ii) is zero or negative.
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Adjusted net investment income means the Company’s “Pre-Incentive Fee Net Investment Income” during the then most recently completed calendar quarter minus the difference, if positive, between (i) the Company’s “Net Realized Losses” over the then most recently completed and three preceding calendar quarters (or if shorter, the number of calendar quarters that have occurred since the Listing) and (ii) the Company’s “Net Investment Income” over the three preceding calendar quarters (or if shorter, the number of calendar quarters that have occurred since the Listing). No adjustment (downward or upward) will be made to “Pre-Incentive Fee Net Investment Income” if the difference between clause (i) minus clause (ii) is zero or negative.
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Adjusted net investment income means the Company’s “Pre-Incentive Fee Net Investment Income” during the then most recently completed calendar quarter minus the difference, if positive, between (i) the Company’s “Net Realized Losses” over the then most recently completed and eleven preceding calendar quarters (or if shorter, the number of calendar quarters that have occurred since the Listing) (each such period, the “Trailing Twelve Quarters”) and (ii) the Company’s “Net Investment Income” over the Trailing Twelve Quarters (excluding the then most recently completed calendar quarter). No adjustment (downward or upward) will be made to “Pre-Incentive Fee Net Investment Income” if the difference between clause (i) minus clause (ii) is zero or negative.
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Examples of Adjusted net investment income in a sentence

  • Adjusted net investment income represents net investment income excluding any capital gains incentive fee expense or (reversal) attributable to realized and unrealized gains and losses.

  • The Company assumes no obligation to update any such forward-looking statements.Non-GAAP Financial Measures Adjusted net investment income and adjusted net income are each non-GAAP financial measures, which represent net investment income and net income, respectively, in each case less the impact of accrued capital gains incentive fee expenses.

  • Adjusted net investment income is presented for all periods as GAAP net investment income excluding (i) the accrual for the capital gains incentive fee for realized and unrealized gains; (ii) excise taxes; and (iii) certain non-recurring operating expenses that are one-time in nature and are not representative of ongoing operating expenses incurred during FSIC’s normal course of business (referred to herein as one-time expenses).

  • Per share numbers may not sum due to rounding.2) Adjusted net investment income is a non-GAAP financial measure.

  • This is a limestone deposited in a marine environment during the Danian Stage.

  • A chief aim of the Alliance project was to develop policy recommendations to encourage new and strengthen existing partnerships.

  • Adjusted net investment income was $0.19 per share, up 58% from the same quarter a year earlier.

  • Adjusted net investment income is net investment income excluding the amortization of the fair value adjustment on acquired assets.

  • The increase was primarily driven by higher total investment income and lower accrued Part II incentive fees.• Adjusted net investment income was $21.1 million ($0.14 per share) for the second fiscal quarter of 2021, up slightly from $19.6 million ($0.14 per share) for the first fiscal quarter of 2021.• Net asset value (“NAV”) per share was $7.09 as of March 31, 2021, up 4% from $6.85 as of December 31, 2020.

  • Adjusted net investment income was $16.8 million ($0.12 per share) for the quarter ended June 30, 2020, up from $16.2 million ($0.12 per share) for the quarter ended March 31, 2020, primarily driven by interest expense savings from the recent unsecured bond issuance and lower LIBOR, as well as higher investment income and lower professional fees and general and administrative expenses.


More Definitions of Adjusted net investment income

Adjusted net investment income means, with reference to any period in respect of the Parent: (i) net investment income (or net investment loss), plus (ii) net realized gains recognized from the sale of guaranteed portions of SBA 7
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Adjusted net investment income means the difference between (A) the sum of any and all of the Company’s (i) interest income (including paid-in-kind and accrued interest that the Company has not yet received in cash and the collection of which is uncertain or deferred and interest paid on investments with a deferred interest feature such as original issue discount, debt instruments with payment-in-kind interest and zero coupon securities), (ii) dividend and distribution income from equity investments (but excluding that portion of cash distributions that are treated as a return of capital), and (iii) any other income, including any other fees (such as commitment, origination, syndication, structuring, diligence, monitoring and consulting fees or other fees that the Company receives from portfolio companies (other than fees for providing significant managerial assistance to the Company’s portfolio companies)) accrued during the fiscal quarter, and (B) the Company’s operating expenses for the quarter (including the Base Management Fee, any interest expense, dividends paid on issued and outstanding preferred stock, if any, any accrued income taxes related to net investment income, but excluding the Incentive Fee), provided that Adjusted Net Investment Income shall not include any realized capital gains, realized capital losses or unrealized capital gains or losses.
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Adjusted net investment income means, with respect to either Borrower, and calculated on a Consolidated or Unconsolidated basis, as otherwise specified herein, the aggregate income (or loss), after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized appreciation or depreciation on investments, of such Borrower for such period, which shall be an amount equal to net revenues and other proper items of income less the aggregate for such Borrower of any and all items that are treated as expenses under GAAP and, to the extent applicable thereto, the regulations of the SEC applicable to investment companies, after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized appreciation or depreciation on investments; provided that with respect to the covenant contained in Section 7.4(b) hereof, such gains and losses shall only be calculated with respect to the Loans, and shall exclude any gains or losses related to equity investments or similar items.
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Adjusted net investment income means, with respect to the ------------------------------ Borrower and its Subsidiaries, the aggregate income (or loss), after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized appreciation or depreciation on investments, of the Borrower and its Subsidiaries for such period, which shall be an amount equal to net revenues and other proper items of income less the aggregate for the Borrower of any and all items that are treated as expenses under GAAP and, to the extent applicable thereto, the regulations of the SEC applicable to investment companies, after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized appreciation or depreciation on investments.
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Adjusted net investment income means, with respect to the ------------------------------ Borrower, the aggregate income (or loss), after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized appreciation or depreciation on investments, of the Borrower for such period, which shall be an amount equal to net revenues and other proper items of income less the aggregate for the Borrower of any and all items that are treated as expenses under GAAP and, to the extent applicable thereto, the regulations of the SEC applicable to investment companies, after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized appreciation or depreciation on investments.
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Adjusted net investment income means, with respect to the Company, the aggregate income (or loss), after realized gains on investments have been added thereto and realized losses on investments have been subtracted therefrom and net of unrealized
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Related to Adjusted net investment income

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Investment Income means dividends, capital gains, or interest in- come generated from:

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Consolidated Adjusted Net Income means, for any period, the net income (or net loss) of the Company and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP, adjusted to the extent included in calculating such net income or loss by excluding:

  • Consolidated Net Assets means the aggregate amount of assets (less reserves and other deductible items) after deducting current liabilities, as shown on the consolidated balance sheet of the Company and its Subsidiaries contained in the latest annual report to the stockholders of the Company and prepared in accordance with GAAP.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Exempt income means all of the following:

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.