ASSET COVERAGE RATIOS
The 1940 Act requires investment companies to have minimum debt and total leverage (debt and preferred stock) coverage ratios of 300% and 200%, respectively, at the time of a common stock dividend declaration. The Company's borrowing agreements contain similar restrictions and require it to have a minimum coverage ratio of 300% as of the last day of each month.
| | Asset Coverage Ratios under the Investment Company Act of 1940 (“1940 Act”) |
Date (Close of Business) | | With respect to senior securities representing indebtedness (300% minimum) | With respect to total leverage (debt and preferred stock) (200% minimum) |
12/31/2013 |
Actual |
432% |
347% |
12/26/2013 |
Actual Pro forma** |
421% 411% |
339%
|
12/19/2013 |
Actual Pro forma* |
417% 409% |
335%
|
12/12/2013 |
Actual Pro forma* |
409% 407% |
329%
|
12/05/2013 |
Actual Pro forma* |
417% 412% |
335%
|
11/30/2013 |
Actual |
435% |
346% |
11/27/2013 |
Actual Pro forma* |
434% 433% * |
346%
|
11/21/2013 |
Actual Pro forma* |
438% 435% |
348% |
11/14/2013 |
Actual Pro forma* |
458% 437% |
359%
|
11/07/2013 |
Actual Pro forma* |
481% 464% |
371%
|
10/31/2013 |
Actual |
501% |
383% |
10/24/2013 |
Actual Pro forma* |
498% 502% |
382%
|
10/17/2013 |
Actual Pro forma** |
440% 445% |
347%
|
10/10/2013 |
Actual Pro forma** |
449% 434% |
351%
|
10/03/2013 |
Actual Pro forma* |
458% 457% |
358%
|
09/30/2013 |
Actual |
461% |
360% |
09/26/2013 |
Actual Pro forma* |
455% 455% |
356%
|
09/19/2013 |
Actual Pro forma* |
421% 431% |
337%
|
09/12/2013 |
Actual Pro forma* |
412% 412% |
330%
|
09/05/2013 |
Actual Pro forma* |
409% 411% |
328%
|
08/31/2013 |
Actual |
419% |
334% |
08/29/2013 |
Actual Pro forma* |
421% 417% |
336%
|
08/22/2013 |
Actual Pro forma* |
421% 415% |
336%
|
08/15/2013 |
Actual Pro forma* |
418% 413% |
334%
|
08/08/2013 |
Actual Pro forma* |
425% 419% |
339%
|
07/31/2013 |
Actual |
432% |
343% |
07/25/2013 |
Actual Pro forma* |
420% 425% |
336%
|
07/18/2013 |
Actual Pro forma** |
397% 397% |
322%
|
07/11/2013 |
Actual Pro forma** |
425% 408% |
339%
|
07/05/2013 |
Actual Pro forma* |
416% 412% |
331%
|
06/30/2013 |
Actual |
420% |
334% |
06/27/2013 |
Actual Pro forma* |
419% 416% |
333%
|
06/20/2013 |
Actual Pro forma* |
405% 392% |
323%
|
06/13/2013 |
Actual Pro forma* |
418% 401% |
332%
|
06/06/2013 |
Actual Pro forma* |
425% 418% |
336%
|
05/31/2013 |
Actual |
433% |
341% |
05/30/2013 |
Actual Pro forma* |
440% 422% |
346%
|
05/23/2013 |
Actual Pro forma* |
454% 441% |
357%
|
05/16/2013 |
Actual Pro forma* |
440% 444% |
347%
|
05/09/2013 |
Actual Pro forma* |
438% 438% |
346%
|
05/02/2013 |
Actual Pro forma* |
419% 419% |
334%
|
04/30/2013 |
Actual |
417% |
334% |
04/25/2013 |
Actual Pro forma** |
436% 413% |
344%
|
04/18/2013 |
Actual Pro forma** |
426% 399% |
336%
|
04/11/2013 |
Actual Pro forma* |
491% 452% |
374%
|
04/04/2013 |
Actual Pro forma* |
523% 523% |
389%
|
03/31/2013 |
Actual |
530% |
394% |
03/21/2013 |
Actual Pro forma* |
517% 517% |
384%
|
03/14/2013 |
Actual Pro forma* |
459% 459% |
352%
|
03/07/2013 |
Actual Pro forma* |
442% 442% |
342%
|
02/28/2013 |
Actual |
443% |
342% |
02/21/2013 |
Actual Pro forma* |
480% 470% |
361%
|
02/14/2013 |
Actual Pro forma* |
452% 449% |
348%
|
02/07/2013 |
Actual Pro forma* |
480% 480% |
362%
|
01/31/2013 |
Actual |
509% |
377% |
01/24/2013 |
Actual Pro forma* |
494% 471% |
367%
|
01/17/2013 |
Actual Pro forma* |
449% 434% |
343%
|
01/10/2013 |
Actual Pro forma** |
448% 436% |
341%
|
01/03/2013 |
Actual Pro forma** |
481% 457% |
357%
|
12/31/2012 |
Actual |
466% |
346% |
12/27/2012 |
Actual Pro forma** |
458% 435% |
340%
|
12/20/2012 |
Actual Pro forma* |
441% 417% |
335%
|
12/13/2012 |
Actual Pro forma* |
416% 416% |
319%
|
12/06/2012 |
Actual Pro forma* |
423% 423% |
324% |
11/30/2012 |
Actual |
429% |
328% |
11/29/2012 |
Actual Pro forma* |
428% 428% |
328%
|
11/23/2012 |
Actual Pro forma* |
429% 425% |
328%
|
11/15/2012 |
Actual Pro forma* |
412% 408% |
315%
|
11/08/2012 |
Actual Pro forma* |
426% 426% |
326%
|
11/01/2012 |
Actual Pro forma* |
427% 425% |
330%
|
10/31/2012 |
Actual |
426% |
329% |
10/25/2012 |
Actual Pro forma** |
426% 418% |
329%
|
10/18/2012 |
Actual Pro forma** |
435% 420% |
335%
|
10/11/2012 |
Actual Pro forma* |
452% 442% |
344%
|
10/04/2012 |
Actual Pro forma* |
462% 455% |
351%
|
09/30/2012 |
Actual |
493% |
365% |
09/27/2012 |
Actual Pro forma* |
514% 481% |
375%
|
09/20/2012 |
Actual Pro forma* |
438% 438% |
336%
|
09/13/2012 |
Actual Pro forma* |
427% 427% |
329%
|
09/06/2012 |
Actual Pro forma* |
434% 431% |
332%
|
08/31/2012 |
Actual |
432% |
331% |
08/30/2012 |
Actual Pro forma* |
435% 432% |
331%
|
08/23/2012 |
Actual Pro forma** |
435% 430% |
331%
|
08/16/2012 |
Actual Pro forma** |
470% 450% |
349%
|
08/09/2012 |
Actual Pro forma** |
462% 460% |
345%
|
08/02/2012 |
Actual Pro forma** |
462% 462% |
345%
|
07/31/2012 |
Actual |
467% |
348% |
07/26/2012 |
Actual Pro forma** |
473% 455% |
350%
|
07/19/2012 |
Actual Pro forma** |
440% 440% |
334%
|
07/12/2012 |
Actual Pro forma* |
475% 420 |
348%
|
07/05/2012 |
Actual Pro forma* |
488% 456% |
355%
|
06/30/2012 |
Actual |
475% |
348% |
06/28/2012 |
Actual Pro forma* |
476% 476% |
346%
|
06/21/2012 |
Actual Pro forma* |
474% 474% |
345%
|
06/14/2012 |
Actual Pro forma* |
468% 458% |
342%
|
06/07/2012 |
Actual Pro forma* |
492% 490% |
353%
|
05/31/2012 |
Actual |
449% |
334% |
05/24/2012 |
Actual Pro forma* |
451% 451% |
336%
|
05/17/2012 |
Actual Pro forma* |
448% 448% |
334%
|
05/10/2012 |
Actual Pro forma* |
441% 441% |
334%
|
05/03/2012 |
Actual Pro forma* |
447% 447% |
338%
|
04/30/2012 |
Actual |
449% |
341% |
04/26/2012 |
Actual Pro forma* |
439% 439% |
334%
|
04/19/2012 |
Actual Pro forma** |
442% 408% |
334%
|
04/12/2012 |
Actual Pro forma* |
437% 430% |
332%
|
04/05/2012 |
Actual Pro forma* |
438% 438% |
334%
|
03/31/2012 |
Actual |
448% |
339% |
03/29/2012 |
Actual Pro forma* |
454% 434% |
341%
|
03/22/2012 |
Actual Pro forma* |
448% 448% |
339%
|
03/15/2012 |
Actual Pro forma* |
391% 390% |
339%
|
03/08/2012 |
Actual Pro forma* |
398% 398% |
344%
|
02/29/2012 |
Actual Pro forma* |
456% |
385%
|
02/23/2012 |
Actual Pro forma* |
447% 468% |
377%
|
02/16/2012 |
Actual Pro forma* |
444% 444% |
375%
|
02/09/2012 |
Actual Pro forma* |
429% 429% |
365%
|
02/02/2012 |
Actual Pro forma* |
459% 436% |
385%
|
01/31/2012 |
Actual |
482% |
399% |
01/26/2012 |
Actual Pro forma* |
484% 484% |
401%
|
01/19/2012 |
Actual Pro forma* |
455% 447% |
381%
|
01/12/2012 |
Actual Pro forma** |
498% 444% |
408%
|
01/05/2012 |
Actual Pro forma** |
509% 496% |
415%
|
12/31/2011 |
Actual |
504% |
411% |
12/22/2011 |
Actual Pro forma* |
466% 466% |
386%
|
12/15/2011 |
Actual Pro forma* |
453% 437% |
375%
|
12/08/2011 |
Actual Pro forma* |
470% 453% |
386%
|
11/30/2011 |
Actual |
473% |
388% |
11/25/2011 |
Actual Pro forma* |
421% 421% |
352%
|
11/17/2011 |
Actual Pro forma* |
426% 424% |
356%
|
11/10/2011 |
Actual Pro forma* |
424% 424% |
355%
|
11/03/2011 |
Actual Pro forma* |
429% 429% |
359%
|
10/31/2011 |
Actual |
434% |
362% |
10/27/2011 |
Actual Pro forma** |
444% 429% |
369%
|
10/20/2011 |
Actual Pro forma** |
429% 408% |
356%
|
10/13/2011 |
Actual Pro forma* |
442% 442% |
362%
|
10/06/2011 |
Actual Pro forma* |
405% 405% |
336%
|
09/30/2011 |
Actual |
404% |
335% |
09/29/2011 |
Actual Pro forma* |
408% 408% |
339%
|
09/22/2011 |
Actual Pro forma* |
395% 395% |
329%
|
09/15/2011 |
Actual Pro forma* |
410% 410% |
342%
|
09/08/2011 |
Actual Pro forma* |
399% 399% |
335%
|
08/31/2011 |
Actual |
405% |
339% |
08/25/2011 |
Actual Pro forma* |
389% 389% * |
326%
|
08/18/2011 |
Actual Pro forma* |
393% 393% |
329%
|
08/11/2011 |
Actual Pro forma* |
399% 399% |
335%
|
08/04/2011 |
Actual Pro forma* |
379% 379% |
321%
|
07/31/2011 |
Actual |
421% |
354% |
07/28/2011 |
Actual Pro forma* |
422% 417% |
354%
|
07/21/2011 |
Actual Pro forma** |
426% 426% |
358%
|
07/14/2011 |
Actual Pro forma* |
420% 395% |
353%
|
07/07/2011 |
Actual Pro forma* |
432% 432% |
364%
|
06/30/2011 |
Actual |
428% |
360% |
06/23/2011 |
Actual Pro forma* |
421% 421% |
354%
|
06/16/2011 |
Actual Pro forma* |
412% 412% |
347%
|
06/09/2011 |
Actual Pro forma* |
419% 404% |
352%
|
06/02/2011 |
Actual Pro forma* |
407% 433% |
345%
|
05/31/2011 |
Actual |
412% |
349% |
05/26/2011 |
Actual Pro forma* |
407% 407% |
345%
|
05/19/2011 |
Actual Pro forma* |
408% 408% |
346%
|
05/12/2011 |
Actual Pro forma* |
398% 425% |
339%
|
05/05/2011 |
Actual Pro forma* |
406% 400% |
344%
|
04/30/2011 |
Actual |
425% |
359% |
04/28/2011 |
Actual Pro forma* |
453% 443% |
377%
|
04/21/2011 |
Actual Pro forma* |
448% 448% |
373%
|
04/14/2011 |
Actual Pro forma* |
445% 435% |
369%
|
04/07/2011 |
Actual Pro forma* |
469% 473% |
386%
|
03/31/2011 |
Actual |
469% |
385% |
03/24/2011 |
Actual Pro forma** |
498% 505% |
402%
|
03/17/2011 |
Actual Pro forma* |
538% |
426%
|
03/10/2011 |
Actual Pro forma* |
603% 576% |
463%
|
*The pro forma ratio assumes KMF's outstanding debt balance is (a) reduced by cash, dividends and distributions receivable from portfolio investments and receivable for securities sold and (b) increased by accrued operating expenses and payables for securities purchased.
**The pro forma ratio assumes KMF's outstanding debt balance is (a) reduced by cash, dividends and distributions receivable from portfolio investments and receivable for securities sold and (b) increased by accrued operating expenses and payables for securities purchased, and assumes KMF’s declared common distribution has been paid.