Exhibit 2.s.2
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
(Dollars in Thousands, Except Ratios)
| FOR THE MONTHS JUNE 30, |
FOR THE YEARS ENDED MARCH 31, | |||||||||||||||||||||||
| 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||
| Net investment income |
$ | 6,812 | $ | 20,716 | $ | 19,897 | $ | 19,307 | $ | 16,488 | $ | 13,743 | ||||||||||||
| Add: fixed charges and preferred dividends |
3,520 | 14,036 | 8,799 | 5,959 | 4,779 | 1,435 | ||||||||||||||||||
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| Earnings |
$ | 10,332 | $ | 34,752 | $ | 28,696 | $ | 25,266 | $ | 21,267 | $ | 15,178 | ||||||||||||
| Fixed charges and preferred dividends: |
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| Interest expense |
$ | 971 | $ | 4,154 | $ | 3,539 | $ | 2,075 | $ | 1,127 | $ | 768 | ||||||||||||
| Amortization of deferred financing costs |
481 | 1,908 | 1,329 | 1,024 | 791 | 459 | ||||||||||||||||||
| Preferred dividends |
2,065 | 7,963 | 3,921 | 2,850 | 2,850 | 198 | ||||||||||||||||||
| Estimated interest component of rent |
3 | 11 | 10 | 10 | 11 | 10 | ||||||||||||||||||
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| Total fixed charges and preferred dividends |
$ | 3,520 | $ | 14,036 | $ | 8,799 | $ | 5,959 | $ | 4,779 | $ | 1,435 | ||||||||||||
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| Ratio of earnings to combined fixed charges and preferred dividends |
2.9 | x | 2.5 | x | 3.3 | x | 4.2 | x | 4.5 | x | 10.6 | x | ||||||||||||