Interim Report -19-

+-------------------------------------+--------------+--------------------+---------------+ 
| Golden Nugget, Inc.                 |   2,500,000  |           677,289  |         1.21  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Golden Nugget, Inc.                 |   1,497,955  |           718,866  |         1.28  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| GSI Holdings, LLC                   |   3,930,000  |         2,297,508  |         4.09  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Hamilton Beach/Proctor Silex, Inc.  |     933,556  |           465,896  |         0.83  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Hanesbrands, Inc.                   |   1,743,918  |         1,233,455  |         2.20  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Hargray Communications Group, Inc.  |   2,000,000  |           570,349  |         1.02  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Hargray Communications Group, Inc.  |   1,785,166  |         1,126,348  |         2.01  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Harlan Sprague Dawley, Inc.         |   2,691,818  |         1,660,016  |         2.96  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| HCA, Inc.                           |   2,956,651  |         1,901,603  |         3.39  | 
+-------------------------------------+--------------+--------------------+---------------+ 
 
 
 
 
  UNAUDITED SCHEDULE OF INVESTMENTS - CONSOLIDATED (Continued) 
 
 
As at 30 June 2009 
 
 
+-------------------------------------+--------------+--------------------+---------------+ 
|                                     |     Nominal  |                    |    % of Net   | 
+-------------------------------------+--------------+--------------------+---------------+ 
|                                     |     Holdings |    Market Value EUR  |  Asset Value  | 
|                                     |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Loans (continued)                   |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
|                                     |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Region of trade                     |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| North America                       |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
|                                     |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Country of incorporation            |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| United States (December 2008:       |              |                    |               | 
| 283.68%)                            |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Health Management Associates, Inc.  |   2,437,587  |         1,526,052  |         2.72  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Hercules Offshore LLC               |   2,947,500  |         1,828,200  |         3.26  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Hunter Defense Technologies, Inc.   |   2,829,556  |         1,558,358  |         2.77  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Open Solutions, Inc.                |   2,933,026  |         1,296,457  |         2.31  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Iasis Healthcare LLC                |     170,745  |           110,978  |         0.20  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Iasis Healthcare LLC                |      45,992  |            29,893  |         0.05  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Iasis Healthcare LLC                |     493,404  |           320,694  |         0.57  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Iconix Brand Group, Inc.            |     795,744  |           521,929  |         0.93  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Idearc, Inc.                        |   2,912,325  |           860,793  |         1.53  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Idearc, Inc.                        |   2,861,232  |           859,297  |         1.53  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| IFM Colonial Pipeline 2, LLC        |   1,957,423  |         1,367,607  |         2.44  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| InfrastruX Group, Inc.              |   3,852,773  |         2,462,956  |         4.39  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Inmar, Inc.                         |   1,777,290  |         1,146,720  |         2.04  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Intergraph Corporation              |   2,792,584  |         1,781,721  |         3.17  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Invacare Corporation                |     868,056  |           560,849  |         1.00  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Inverness Medical Innovations, Inc. |     980,000  |           651,810  |         1.16  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Inverness Medical Innovations, Inc. |   1,000,000  |           650,198  |         1.16  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| JHCI Acquisition, Inc.              |   2,450,000  |         1,344,954  |         2.39  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| John Maneely Company                |   4,623,570  |         2,597,492  |         4.63  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Journal Register Company            |   3,245,726  |           331,665  |         0.59  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| JRD Holdings Inc.                   |   3,875,000  |         2,645,215  |         4.71  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| K2 Advisors Subsidiary Holdings,    |   2,583,071  |         1,638,992  |         2.92  | 
| LLC                                 |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Kentucky Data Link Inc.             |   3,684,478  |         2,350,983  |         4.19  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Knology Inc.                        |   2,896,797  |         1,879,360  |         3.35  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Life Technologies Corporation       |   1,985,000  |         1,420,457  |         2.53  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| LodgeNet Entertainment Corporation  |     925,519  |           552,065  |         0.98  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Mackinaw Power Holdings, LLC        |     965,986  |           619,818  |         1.10  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Macrovision Solution Corporation    |     935,447  |           661,912  |         1.18  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Maritime Telecommunications         |   2,706,616  |         1,640,197  |         2.92  | 
| Network, Inc.                       |              |                    |               | 
+-------------------------------------+--------------+--------------------+---------------+ 
| MCC Iowa LLC                        |   1,989,950  |         1,410,734  |         2.51  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| McJunkin Corporation                |   4,887,292  |         3,186,417  |         5.67  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| MedAssets, Inc.                     |   2,163,388  |         1,438,248  |         2.56  | 
+-------------------------------------+--------------+--------------------+---------------+ 
| Medianews Group, Inc.               |   1,442,050  |           190,197  |         0.34  | 
+-------------------------------------+--------------+--------------------+---------------+