Financial Highlights (Tables)

3 Months Ended

Mar. 31, 2025

The following are the financial highlights:


	Three Months Ended March 31,
Per Share Data (1)	2025			2024
Net asset value per Common Share at beginning of period	$	26.55		$	10.90
Net investment income		0.73			1.06
Net realized and unrealized gain (2)		0.39			0.17
Dividends to preferred shareholders (5)	(0.00)				(0.01	)
Net increase from operations		1.12			1.22
Distributions declared		(0.63	)		(0.45	)
Impact of issuance of Common Shares		0.02			13.66
Total increase (decrease) in net assets applicable to common shareholders from capital share transactions		(0.61	)		13.21
Total increase in net assets applicable to common shareholders		0.51			14.43
Net asset value per Common Share at end of period	$	27.06		$	25.33
Total return (3)		4.29	%		3.12	%
Ratios to Average Net Assets
Annualized ratio of net investment income to average net assets applicable to Common Shares (4)		11.14	%		17.88	%
Annualized ratio of operating expenses to average net assets applicable to Common Shares, gross (4)		14.26	%		15.76	%
Annualized ratio of operating expenses to average net assets applicable to Common Shares, net of waivers and expense support (4)		11.14	%		2.13	%
Portfolio turnover		2.79	%		26.05	%

(1)

The per share data was derived by using the weighted average common shares outstanding during the period except for distributions declared to common shareholders which is based on actual rate per share.

(2)

Net change in unrealized and realized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per common share for the period, and may not reconcile with the aggregate gains and losses in the Consolidated Statement of Operations.

(3)

Total return is calculated as the change in net asset value per common share during the period, plus distributions per common share (assuming dividends and distributions are reinvested in accordance with the Company's distribution reinvestment plan). Total returns of less than 1 year are not annualized.

(4)

The amounts reflected do not reflect the effect of dividend payments to preferred shareholders.

(5)

Amount rounds to less than $0.01