v3.25.2
Distributions and Dividend Reinvestment
6 Months Ended
Jun. 30, 2025
Investment Company, Dividend Distribution [Abstract]  
Distributions and Dividend Reinvestment

9. DISTRIBUTIONS AND DIVIDEND REINVESTMENT

The following table reflects the distributions declared on the Company’s shares of Common Stock for the six months ended June 30, 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

 

May 1, 2025

 

May 31, 2025

 

June 12, 2025

 

$

0.63

 

 

$

11,691

 

 

The following table reflects the distributions declared on the Company’s shares of Common Stock for the six months ended June 30, 2024 (dollars in thousands except per share amounts):

 

Date Declared

 

Record Date

 

Payment Date

 

Amount Per Share

 

 

Total Amount

 

May 7, 2024

 

May 31, 2024

 

June 13, 2024

 

$

0.30

 

 

$

1,740

 

 

 

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 six months ended June 30, 2025 (dollars in thousands except share amounts):

 

Payment Date

 

DRIP Value

 

 

DRIP
Shares Issued

 

March 13, 2025

 

$

3,551

 

 

 

141,715

 

June 12, 2025

 

 

5,195

 

 

 

207,192

 

Total

 

$

8,746

 

 

 

348,907

 

 

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 six months ended June 30, 2024 (dollars in thousands except share amounts):

Payment Date

 

DRIP Value

 

 

DRIP
Shares Issued

 

June 13, 2024

 

$

803

 

 

 

32,054

 

Total

 

 

803

 

 

 

32,054