Examples of Leverage in a sentence
Leverage increases the potential for gain and loss on amounts invested and, as a result, increases the risks associated with investing in our securities.
See “Leverage” below and the section entitled “Investment Objectives and Strategies – Principal Risk Factors – Leverage Risk” in the Fund’s most recent annual report on Form N-CSR, which is incorporated by reference herein, for a discussion of associated risks.
The Borrower will not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on the last day of each fiscal quarter (commencing with the first fiscal quarter ending after the Effective Date), to be greater than 4.00:1.00.
The Borrower will not permit, as of the last day of each fiscal quarter, beginning with the fiscal quarter ending December 31, 2021, the Net Funded Leverage Ratio to exceed 3.253.50 to 1.00.
Use of Leverage The amount of leverage we use in any period depends on a variety of factors, including cash available for investing, the cost of financing and general economic and market conditions.