{
  "docId": "019de06f-89be-728f-965e-baa6f970602e",
  "docSlug": "aef44a3ee32e69cd26e93f2f0aeb9260",
  "documentTitle": "Credit Suisse | Investment Banking Pitch Book | 20 slides",
  "authorId": "credit-suisse",
  "authorName": "Credit Suisse",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2017-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3324081,
  "pageNumber": 17,
  "pageCount": 20,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 48,
  "notes": "The slide details the mechanics of warrant dilution adjustments due to dividend distributions.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-89be-728f-965e-baa6f970602e/17",
  "deckHref": "/decks/019de06f-89be-728f-965e-baa6f970602e",
  "deckJsonHref": "/decks/019de06f-89be-728f-965e-baa6f970602e.json",
  "deckAnchorHref": "/decks/019de06f-89be-728f-965e-baa6f970602e#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.7,
        "x": 0.04,
        "y": 0.17
      },
      "kind": "list",
      "text": "Based on indenture for FSIC warrants outstanding\n12.0 million warrants outstanding with exercise price of $12.62\nReflects adjustment to number of warrants outstanding and exercise price of outstanding warrants based on distributions made to Osprey stockholders",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2889d5de-ece4-49e6-afbe-59b1a8306b55",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.04,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "Selected commentary",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f9e7c67-8900-4f74-9702-13c8695fa28b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.04,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: Osprey public filings and Osprey management. (1) $0.02 per share. (2) Additional distributable income based on 50% payout ratio.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "51135faf-7f56-4038-ae18-b04b81ab9c66",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.75,
        "x": 0.04,
        "y": 0.32
      },
      "kind": "table",
      "text": "Outstanding FSIC warrants reconciliation table showing 2017E-2020E projections for shares, exercise prices, and warrant counts.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cea5e1ac-0073-422c-beb6-aef5ac101fbe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.92,
        "x": 0.04,
        "y": 0.03
      },
      "kind": "title",
      "text": "Hypothetical Osprey warrant adjustment for incremental dividends",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "063e6430-fdaa-41a5-a139-577c16bf130d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.04,
        "y": 0.08
      },
      "kind": "title",
      "text": "Per Osprey management as of November 2017",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "07049729-7d41-4329-a630-112081160d43",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 11,
      "beatId": "4f4d079e-e4a3-4b28-a612-e3c729a64b83",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "Financial analysis, appendix data, and warrant adjustments",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}