NOTE 10 - FINANCIAL HIGHLIGHTS The following is a schedule of financial highlights: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Per share data:(1) | | | | | | | | | | | | | | | | | Net asset value, beginning of period | | $ | 13.63 | | $ | 14.30 | | $ | 15.10 | | $ | 15.23 | | $ | 15.23 | | Net investment income | | | 1.60 | | | 1.84 | | | 1.60 | | | 1.36 | | | 1.18 | | Net realized and unrealized gains (losses) on investments and foreign currency transactions | | | (1.13) | | | (0.96) | | | (0.93) | | | 0.07 | | | 0.37 | | Net increase in net assets resulting from operations | | | 0.47 | | | 0.88 | | | 0.67 | | | 1.43 | | | 1.55 | | Distributions declared from net investment income | | | (1.79) | | | (1.55) | | | (1.47) | | | (1.56) | | | (1.55) | | Net asset value, end of period | | $ | 12.31 | | $ | 13.63 | | $ | 14.30 | | $ | 15.10 | | $ | 15.23 | | Total annualized return based on market value(2) | | | (21.30) | % | | (5.75) | % | | (15.81) | % | | 13.89 | % | | (0.66) | % | Total annualized return based on net asset value | | | 3.49 | % | | 6.20 | % | | 4.55 | % | | 9.21 | % | | 10.36 | % | Net assets, end of period | | $ | 286,134 | | $ | 316,772 | | $ | 332,387 | | $ | 349,751 | | $ | 312,897 | | Per share market value at end of period | | $ | 9.68 | | $ | 12.30 | | $ | 13.05 | | $ | 15.50 | | $ | 13.61 | | Shares outstanding end of period | | | 23,243,088 | | | 23,243,088 | | | 23,243,088 | | | 23,162,667 | | | 20,546,032 | | Ratios/Supplemental Data:(3) | | | | | | | | | | | | | | | | | Ratio of expenses before incentive fees to average net assets(4) | | | 14.89 | % | | 15.16 | % | | 12.54 | % | | 10.96 | % | | 9.78 | % | Ratio of incentive fees to average net assets | | | 2.99 | % | | 3.25 | % | | 2.04 | % | | 2.30 | % | | 2.49 | % | Ratio of total expenses to average net assets(4) | | | 17.88 | % | | 18.41 | % | | 14.58 | % | | 13.26 | % | | 12.27 | % | Ratio of net investment income to average net assets(4) | | | 11.98 | % | | 12.98 | % | | 10.81 | % | | 8.81 | % | | 7.90 | % | Portfolio turnover ratio | | | 30.93 | % | | 19.91 | % | | 35.81 | % | | 60.79 | % | | 35.86 | % |
| (1) | Based on actual number of shares outstanding at the end of the period or the weighted average shares outstanding for the period, unless otherwise noted, as appropriate. |
| (2) | Total return is based on the change in market price per share during the period and takes into account distributions, if any, reinvested in accordance with the DRIP. |
| (3) | With the exception of the portfolio turnover rate, ratios are reported on an annualized basis. |
| (4) | Calculated using total expenses, including income tax provision. |
Financial highlights are calculated for each securities class taken as a whole. An individual stockholder’s return and ratios may vary based on the timing of capital transactions.
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