10-K: Annual report pursuant to Section 13 and 15(d)
Published on January 25, 2000
EXHIBIT 12
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
The ratio of earnings to combined fixed charges and preferred stock
dividends are as follows:
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(1) For purposes of calculating the ratio of earnings to combined fixed charges
and preferred stock dividends, net earnings (before extraordinary charge
from prepayment of debt in 1995) has been added to fixed charges and that
sum has been divided by such fixed charges. Fixed charges consist of
interest expense, amortization of deferred financing costs and, starting
with the period ended December 31, 1997, preferred stock dividends for the
Series A Cumulative Preferred Stock, which is the only series of preferred
stock outstanding at December 31, 1997.