Allied Capital reports net loss

BOSTON (MarketWatch) — Allied Capital Corp. on Wednesday reported a net loss of $40.7 million, or 25 cents a share, compared with net income of $133.1 million, or 87 cents a share, in the year-ago period. The company blamed the loss on net unrealized depreciation for the quarter. Allied Capital, a business-development company that invests in private debt and equity capital in middle-market businesses, said net investment income rose to $69.5 million from $39.5 million. Analysts polled by Thomson Financial had forecast net investment income of $48 million, on average.
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