Pretax earnings from continuing operations before adjustment for noncontrolling interests or income loss from equity investees

$

80,547,857

Add:

   Interest on indebtedness (excluding capitalized interest)

223,473,216

   Amortization of debt related expenses

9,746,436

   Portion of rents representative of the interest factor

7,983,136

321,750,645

Distributed income from equity investees

163,047,852

       Pretax earnings from continuing operations, as adjusted

$

484,798,497

Fixed charges -

   Interest on indebtedness (including capitalized interest)

$

230,554,127

   Amortization of debt related expenses

5,271,946

   Portion of rents representative of the interest factor

7,983,136

        Fixed charges

$

243,809,209

Ratio of earnings to fixed charges

1.99