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AYR » Topics » Declines in the market values of our debt investments may adversely affect periodic reported results and credit availability, which may reduce earnings and, in turn, cash available for distribution to our shareholders.These excerpts taken from the AYR 10-K filed Mar 2, 2009. Declines
in the market values of our debt investments may adversely
affect periodic reported results and credit availability, which
may reduce earnings and, in turn, cash available for
distribution to our shareholders.
Our debt investments are classified for accounting purposes as
available-for-sale. Changes in the market values of those assets
will be directly charged or credited to shareholders’
equity. As a result, a decline in values may reduce the book
value of our assets. Moreover, if the decline in value of an
available for sale security is considered by our management not
to be temporary, such decline will reduce our earnings.
Market values of our debt investments may decline for a number
of reasons, such as causes related to changes in prevailing
market rates, increases in defaults, increases in voluntary
prepayments for any debt investments that we have that are
subject to prepayment risk and the widening of credit spreads.
Declines in the market values of our debt investments may adversely affect periodic reported results and credit availability, which may reduce earnings and, in turn, cash available for distribution to our shareholders. Our debt investments are classified for accounting purposes as available-for-sale. Changes in the market values of those assets will be directly charged or credited to shareholders’ equity. As a result, a decline in values may reduce the book value of our assets. Moreover, if the decline in value of an available for sale security is considered by our management not to be temporary, such decline will reduce our earnings. Market values of our debt investments may decline for a number of reasons, such as causes related to changes in prevailing market rates, increases in defaults, increases in voluntary prepayments for any debt investments that we have that are subject to prepayment risk and the widening of credit spreads. This excerpt taken from the AYR 10-Q filed Nov 17, 2008. Declines
in the market values of our debt investments may adversely
affect periodic reported results and credit availability, which
may reduce earnings and, in turn, cash available for
distribution to our shareholders.
Our debt investments are either classified for accounting
purposes as available-for-sale or held-to-maturity. Changes in
the market values of those assets will be directly charged or
credited to shareholders’ equity. As a result, a decline in
values may reduce the book value of our assets. Moreover, if the
decline in value of an available for sale security is considered
by our management to be other than temporary, such decline will
reduce our earnings.
A decline in the market value of our debt investments may
adversely affect us, particularly in instances where we have
borrowed money based on the market value of those debt
investments. If the market value of those assets declines, the
lender may require us to post additional collateral to support
the loan. If we were unable to post the additional collateral,
we would have to sell those assets or other assets at a time
when we might not otherwise choose to do so. A reduction in
available credit may reduce our earnings and, in turn, cash
available for distribution to shareholders.
Market values of our debt investments may decline for a number
of reasons, such as causes related to changes in prevailing
market rates, increases in defaults, increases in voluntary
prepayments for any debt investments that we have that are
subject to prepayment risk and widening of credit spreads.
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