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STATEMENT OF CHANGES IN NET ASSETS
From Operation:
Net investment income $ 3,425,653 $ 19,143,783
Net realized gain on investments 63,880,311 106,820,166
Change in unrealized appreciation on
investments 95,254,337 419,522,952
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Increase in net assets resulting from
operations 162,560,301 545,486,901
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Dividends to Stockholders from:
Net investment income (2,672,629) (20,231,884)
Net realized gain from investment
transactions (3,741,681) (106,865,901)
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Decrease in net assets from distributions (6,414,310) (127,097,785)
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From Capital Share Transactions:
Value of common shares issued in payment
of optional distributions -0- 65,780,453
Cost of common shares puchased ( note 4 ) (23,388,422) (1,448,030)
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Change in net assets in capital shares transactions
(23,388,422) 64,332,423
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Total Increase in Net Assets 132,757,569 482,721,539
Net Assets:
Beginning of period 2,170,801,875 1,688,080,336
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End of period (including undistributed net
investment income of $1,255,447 and
$502,423, respectively) $2,303,559,444 $2,170,801,875
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The accompanying notes are an integral part of the financial statements.
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