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These excerpts taken from the AYR 10-K filed Mar 2, 2009. We may
not realize gains or income from our debt
investments.
We seek to generate both current income and capital appreciation
on our debt investments. The debt investments in which we invest
may not appreciate in value, and, in fact, may decline in value
and default on interest
and/or
principal payments, particularly in the current illiquid market
environment. As of December 31, 2008, the obligors under
our debt investments are predominantly U.S. airlines.
During the past five years a number of North American passenger
airlines filed Chapter 11 bankruptcy proceedings and
several U.S. airlines ceased operations altogether.
We may not realize gains or income from our debt investments. We seek to generate both current income and capital appreciation on our debt investments. The debt investments in which we invest may not appreciate in value, and, in fact, may decline in value and default on interest and/or principal payments, particularly in the current illiquid market environment. As of December 31, 2008, the obligors under our debt investments are predominantly U.S. airlines. During the past five years a number of North American passenger airlines filed Chapter 11 bankruptcy proceedings and several U.S. airlines ceased operations altogether. This excerpt taken from the AYR 10-Q filed Nov 17, 2008. We may
not realize gains or income from our debt
investments.
We seek to generate both current income and capital appreciation
on our debt investments. The debt investments in which we invest
may not appreciate in value, and, in fact, may decline in value
and default on interest
and/or
principal payments, particularly in the current illiquid market
environment. As of September 30, 2008, the obligors under
our debt investments are predominantly U.S. airlines.
During the past five years a number of North American passenger
airlines filed Chapter 11 bankruptcy proceedings and
several U.S. airlines ceased operations altogether.
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