Distributions and Dividend Reinvestment

3 Months Ended

Mar. 31, 2025

Investment Company, Dividend Distribution [Abstract]

9. DISTRIBUTIONS AND DIVIDEND REINVESTMENT

The following table reflects the distributions declared on the Company’s common stock for the three months ended March 31, 2025 (dollars in thousands except per share amounts):

         Date Declared

         Record Date

         Payment Date

         Amount Per Share

         Total Amount

February 27, 2025

February 28, 2025

March 13, 2025

0.63

8,763

The Company did not declare a distribution for the three months ended March 31, 2024.

With respect to distributions, the Company has adopted an “opt out” dividend reinvestment plan (“DRIP”) for Stockholders. As a result, in the event of a declared cash distribution or other distribution, each Stockholder that has not “opted out” of the dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of Common Stock rather than receiving cash distributions. Stockholders who receive distributions in the form of shares of Common Stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.

Pursuant to our dividend reinvestment plan, the following table summarizes the amounts and shares issued to Stockholders who have not opted out of the Company’s DRIP during the three months ended March 31, 2025 (dollars in thousands except share amounts):


Payment Date	DRIP Value		DRIP Shares Issued
March 13, 2025	$	3,551		141,715
Total	$	3,551		141,715

The Company did not issue DRIP shares to Stockholders for the three months ended March 31, 2024.