v3.25.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Investment income      
Total investment income $ 92,817 $ 103,260 $ 87,527
Expenses      
Interest expense 27,899 29,915 21,940
Base management fees 12,127 14,684 15,600
Performance-based incentive fees 9,309 10,678 7,059
Administrative service fees 683 683 683
General and administrative expenses 4,440 3,622 3,963
Total expenses 54,458 59,582 49,245
Net investment income before excise tax 38,359 43,678 38,282
Excise tax 1,121 965 1,024
Net investment income after excise tax 37,238 42,713 37,258
Realized and unrealized gains (losses) on investments and foreign currency transactions      
Net realized gains (losses) (17,993) (30) (13,958)
Foreign currency transactions (1) 950 (310)
Foreign currency forward contracts 13 27  
Net realized gains (losses) (17,981) 947 (14,268)
Net change in unrealized appreciation (depreciation) (9,567) (21,969) (9,191)
Translation of assets and liabilities in foreign currencies 1,098 (1,239) 1,887
Foreign currency forward contracts 63 (40) (3)
Net change in unrealized appreciation (depreciation) (8,406) (23,248) (7,307)
Net realized and unrealized gains (losses) on investments and foreign currency transactions (26,387) (22,301) (21,575)
Net increase (decrease) in net assets resulting from operations $ 10,851 $ 20,412 $ 15,683
Per Common Share Data      
Basic earnings (losses) per common share $ 0.47 $ 0.88 $ 0.68
Diluted earnings (losses) per common share 0.47 0.88 0.68
Dividends and distributions declared per common share $ 1.79 $ 1.55 $ 1.47
Basic weighted average common shares outstanding 23,243,088 23,243,088 23,229,552
Diluted weighted average common shares outstanding 23,243,088 23,243,088 23,229,552
Non-controlled/non-affiliate company investments      
Investment income      
Interest income $ 66,402 $ 78,493 $ 67,617
Payment-in-kind income 6,175 3,960 2,114
Fee income 2,247 2,966 3,474
Dividend income 116 450 300
Realized and unrealized gains (losses) on investments and foreign currency transactions      
Net realized gains (losses) (17,993) 309 (15,683)
Net change in unrealized appreciation (depreciation) 7,421 (7,871) (3,505)
Non-controlled affiliate company investments      
Investment income      
Interest income 93   13
Payment-in-kind income 705 314 326
Dividend income   84 321
Realized and unrealized gains (losses) on investments and foreign currency transactions      
Net realized gains (losses)   (339) 1,725
Net change in unrealized appreciation (depreciation) (7,775) (5,608) (5,239)
Controlled affiliate company investments      
Investment income      
Interest income 9,838 9,488 6,385
Payment-in-kind income 380 1,347  
Dividend income 6,861 6,158 6,977
Realized and unrealized gains (losses) on investments and foreign currency transactions      
Net change in unrealized appreciation (depreciation) $ (9,213) $ (8,490) $ (447)