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Namely we consider 1, whether the offering will be accretive to book value per share, net of offering expenses. 2, whether we have a good use for the capital to deploy into new loans. And 3, whether we can accomplish the offering while maintaining our target leverage ratio and thereby avoid a significant drag and the ability of the portfolio to cover the dividend.While the first of those criteria simply whether an offering is accretive to NAV could be measured at the time of the offering, the latter 2 criteria can only be evidenced later after results come in.

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