
	Three Months Ended March 31,
	2025			2024
Per Share Data:(1)
Net asset value, beginning of period	$	23.64		$	24.46
Results of operations(2)
Net investment income (loss)	0.67			0.76
Net realized gain (loss) and unrealized appreciation (depreciation)	(0.24)			(0.15)
Net increase (decrease) in net assets resulting from operations	0.43			0.61
Stockholder distributions(3)
Distributions from net investment income	(0.70)			(0.75)
Distributions from net realized gain on investments	—			—
Net decrease in net assets resulting from stockholder distributions	(0.70)			(0.75)
Capital share transactions

Repurchases of common stock(4)	—			—




Net increase (decrease) in net assets resulting from capital share transactions	—			—
Net asset value, end of period	$	23.37		$	24.32
Per share market value, end of period	$	20.95		$	19.07
Shares outstanding, end of period	280,066,433			280,066,433
Total return based on net asset value(5)	1.82		%	2.49		%
Total return based on market value(6)	(0.33)		%	(0.77)		%
Ratio/Supplemental Data:
Net assets, end of period	$	6,546		$	6,812
Ratio of net investment income to average net assets(7)	11.20		%	12.26		%



Ratio of total operating expenses to average net assets(7)	12.75		%	12.83		%

Ratio of net operating expenses to average net assets(7)	12.75		%	12.83		%
Portfolio turnover(8)	10.16		%	9.96		%
Total amount of senior securities outstanding, exclusive of treasury securities	$	8,009		$	7,968
Asset coverage per unit(9)	1.82			1.85

(5)The total return based on net asset value for each period presented was calculated by taking the net asset value per share as of the end of the applicable period, adding the distributions per share that were declared during the period and dividing the total by the net asset value per share at the beginning of the period. Total return based on net asset value does not consider the effect of any sales commissions or charges that may be incurred in connection with the sale of shares of the Company’s common stock. The historical calculation of total return based on net asset value in the table should not be considered a representation of the Company’s future total return based on net asset value, which may be greater or less than the return shown in the table due to a number of factors, including the Company’s ability or inability to make investments in companies that meet its investment criteria, the interest rates payable on the debt securities the Company acquires, the level of the Company’s expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which the Company encounters competition in its markets and general economic conditions. As a result of these factors, results for any previous period should not be relied upon as being indicative of performance in future periods. The total return calculations set forth above represent the total return on the Company’s investment portfolio during the applicable period and do not represent an actual return to stockholders.

(6)The total return based on market value for each period presented was calculated based on the change in market price during the applicable period, including the impact of distributions reinvested in accordance with the Company’s DRP. Total return based on market value does not consider the effect of any sales commissions or charges that may be incurred in connection with the sale of shares of the Company’s

common stock. The historical calculation of total return based on market value in the table should not be considered a representation of the Company’s future total return based on market value, which may be greater or less than the return shown in the table due to a number of factors, including the Company’s ability or inability to make investments in companies that meet its investment criteria, the interest rates payable on the debt securities the Company acquires, the level of the Company’s expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which the Company encounters competition in its markets, general economic conditions and fluctuations in per share market value. As a result of these factors, results for any previous period should not be relied upon as being indicative of performance in future periods.

(7)Weighted average net assets during the applicable period are used for this calculation. Ratios for the three months ended March 31, 2025 and 2024 are annualized. Annualized ratios for the three months ended March 31, 2025 are not necessarily indicative of the ratios that may be expected for the year ending December 31, 2025. The following is a schedule of supplemental ratios for the three months ended March 31, 2025 and 2024: