Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements
Some of the statements in this annual report on Form 10-K constitute forward-looking statements, which relate to future events or our future performance or financial condition. The forward-looking statements contained in this annual report on Form 10-K involve risks and uncertainties, including statements as to:
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our future operating results, including the performance of our existing investments;
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the introduction, withdrawal, success and timing of business initiatives and strategies;
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changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in the value of our assets;
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the relative and absolute investment performance and operations of our investment adviser;
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the impact of increased competition;
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the impact of investments we intend to make and future acquisitions and divestitures;
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our ability to turn potential investment opportunities into transactions and thereafter into completed and successful investments;
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the unfavorable resolution of any future legal proceedings;
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our business prospects and the prospects of our portfolio companies;
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our regulatory structure and tax status;
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the adequacy of our cash resources and working capital;
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the timing of cash flows, if any, from the operations of our portfolio companies;
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the impact of interest rate volatility on our results, particularly because we use leverage as part of our investment strategy;
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the ability of our portfolio companies to achieve their objective;
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the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to us or our investment adviser;
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the impact of activist shareholders on professional fees and management distractions;
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our contractual arrangements and relationships with third parties;
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our ability to access capital and any future financings by us;
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the ability of our investment adviser to attract and retain highly talented professionals; and
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the impact of changes to tax legislation and, generally, our tax position.
Such forward-looking statements may include statements preceded by, followed by or that otherwise include the words “may,” “might,” “will,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “estimate,” “anticipate,” “predict,” “potential,” “plan” or similar words.
We have based the forward-looking statements included in this annual report on Form 10-K on information available to us on the date of this annual report on Form 10-K, and we assume no obligation to update any such forward-looking statements. Actual results could differ materially from those anticipated in our forward-looking statements, and future results could differ materially from historical performance. We undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law or SEC rule or regulation. You are advised to consult any additional disclosures that we may make directly to you or through reports that we in the future may file with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.