Exhibit 2.s.2
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(Dollars in Thousands, Except Ratios)
| For the nine months ended |
For the years ended March 31, | |||||||||||||||||||||||
| December 31, 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
| Net investment income |
$ | 14,902 | $ | 19,307 | $ | 16,488 | $ | 13,743 | $ | 16,171 | $ | 10,598 | ||||||||||||
| Add: fixed charges and preferred distributions (A) |
5,950 | 5,959 | 4,779 | 1,435 | 1,191 | 3,612 | ||||||||||||||||||
| Less: preferred dividends (A) |
(2,510 | ) | (2,850 | ) | (2,850 | ) | (198 | ) | — | — | ||||||||||||||
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| Earnings |
$ | 18,342 | $ | 22,406 | $ | 18,406 | $ | 14,970 | $ | 17,362 | $ | 14,210 | ||||||||||||
| Fixed charges and preferred distributions: |
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| Interest expense |
2,500 | 2,075 | 1,127 | 768 | 690 | 1,984 | ||||||||||||||||||
| Amortization of deferred financing fees |
940 | 1,024 | 791 | 459 | 491 | 1,618 | ||||||||||||||||||
| Preferred distributions (A) |
2,510 | 2,850 | 2,850 | 198 | — | — | ||||||||||||||||||
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| Total fixed charges and preferred distributions (A) |
5,950 | 5,949 | 4,768 | 1,425 | 1,181 | 3,602 | ||||||||||||||||||
| Ratio of earnings to combined fixed charges and preferred distributions (A) |
3.0x | 3.8x | 3.9x | 10.5x | 14.7x | 3.9x | ||||||||||||||||||
| (A) | Preferred distributions on Series A Term Preferred Stock and Series B Term Preferred Stock. |