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Hi Neschuyler:

It is hard to guesstimate the NAV. However ARCC is trading satisfactorily for me and I have been dripping all dividends and occasionally adding on price dips. So, while the share price is not roaring ahead, I have the opportunity to be adding shares that are being paid for by ARCC as I wait. Currently I have about 2.2 X the shares i got originally from the transfer of my position from ACAS to ARCC last year when the merger was announced in May 2016.

b&w
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