Investor Presentaiton
Effective Yield
EFFECTIVE YIELD VS. CORE YIELD - LEADS TO STRONG EARNINGS
MEDIAN CORE YIELD FROM Q1 2017 TO Q4 2020: 12.4%
18%
16%
14%
13.4%
14.9%
14.1%
14.2% 14.3%
14.3%
13.5%
13.5% 13.5%
13.4%
13.6%
13.0%
13.0%
13.3%
12.6%
12.2%
12%
12.9%
12.6%
12.5%
12.7% 12.7%
12.7%
12.7%
12.2%
12.4%
12.1%
12.3%
11.9%
11.8%
11.8%
11.5%
11.3%
10%
10.4% 10.4%
10.1%
10.3%
10.3%
10.2% 10.1%
9.6%
9.8%
9.3%
9.5%
9.5%
8% 8.9%
9.3% 9.2%
9.3%
6%
Q1-17
Q2-17
Q3-17 Q4-17 Q1-18
Q2-18
Q3-18
GAAP Effective Yield (1)
Q4-18 Q1-19
(2)
Core Yield
Q2-19
Q3-19 Q4-19 Q1-20 Q2-20 Q3-20
Loan Coupon Rate
Q4-20
Effective Yield is inclusive of all fees, including all realized unamortized fees and all realized transaction fees including but not limited to amendment fees and prepayment fees, and is calculated based on the
weighted average principal balance of loans outstanding on a daily basis
(1)
(2)
Core Yield excludes Early Repayments and One-Time Fees, and includes income and fees from expired commitments
Xercules.
CAPITAL
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