v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Investment income        
Interest income from investments $ 17,254 $ 22,769 $ 35,082 $ 47,510
Payment-in-kind interest income 5,250 3,821 9,007 7,608
Other income        
Expirations/terminations of unfunded commitments 33 0 456 294
Other fees 739 517 1,185 969
Total investment and other income 23,276 27,107 45,730 56,381
Operating expenses        
Base management fee 3,268 3,832 6,593 8,134
Income incentive fee 1,259 0 1,259 0
Interest expense and amortization of fees 6,732 8,702 13,103 15,713
Administration Agreement expenses 629 648 1,232 1,259
General and administrative expenses 1,372 1,321 2,789 3,148
Total operating expenses before Income incentive fee waiver 13,260 14,503 24,976 28,254
Income incentive fee waiver (1,259) 0 (1,259) 0
Total operating expenses net of Income incentive fee waiver 12,001 14,503 23,717 28,254
Net investment income 11,275 12,604 22,013 28,127
Net realized and unrealized gains/(losses)        
Net realized gains (losses) on investments (32) (18,846) 2,222 (27,653)
Net change in unrealized gains (losses) on investments 1,931 14,859 1,628 16,122
Net realized and unrealized gains/(losses) 1,899 (3,987) 3,850 (11,531)
Net increase (decrease) in net assets resulting from operations $ 13,174 $ 8,617 $ 25,863 $ 16,596
Per share information (basic and diluted)        
Net investment income per share, Basic (in dollars per share) $ 0.28 $ 0.33 $ 0.55 $ 0.74
Net investment income per share, Diluted (in dollars per share) 0.28 0.33 0.55 0.74
Net increase (decrease) in net assets per share (in dollars per share) $ 0.33 $ 0.22 $ 0.64 $ 0.43
Weighted average shares of common stock outstanding, Basic (in shares) 40,234 38,729 40,186 38,189
Weighted average shares of common stock outstanding, Diluted (in shares) 40,234 38,729 40,186 38,189
Regular distributions declared per share (in dollars per share) $ 0.30 $ 0.40 $ 0.60 $ 0.80