Dividends and Distributions (Tables)

6 Months Ended

Jun. 30, 2025

Dividends and Distributions [Abstract]

Schedule of Dividend Declarations and Distributions

The following table summarizes the Company’s dividend declarations and distributions during the six months ended June 30, 2025:


Date Declared	Record Date	Payment Date	Amount Per Share		Cash Distribution		DRIP Shares Issued	DRIP Shares Value
2/27/2025	3/28/2025	4/10/2025	$	0.360	$	11,714,851	12,507	$	161,965	(1)
3/24/2025	3/28/2025	4/10/2025		0.030		976,238	1,042		13,497	(1)
5/7/2025	6/27/2025	7/14/2025		0.360		11,600,374	—		—
6/23/2025	6/27/2025	7/14/2025		0.060		1,933,396	—		—

(1)

In accordance with the Company’s dividend reinvestment plan, 13,549 shares of the Company’s stock were purchased in the open market at an average price of $12.95 and such shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.

The following table summarizes the Company’s dividend declarations and distributions during the year ended December 31, 2024:


Date Declared	Record Date	Payment Date	Amount Per Share		Cash Distribution		DRIP Shares Issued	DRIP Shares Value
3/20/2024	3/28/2024	4/10/2024	$	0.490	$	12,893,635	185,345	$	3,057,234	(1)
5/7/2024	6/28/2024	7/16/2024		0.420		11,093,012	157,231		2,585,298	(2)
6/20/2024	6/28/2024	7/16/2024		0.050		1,320,596	18,718		307,774	(2)
8/7/2024	9/27/2024	10/14/2024		0.420		11,552,807	132,571		2,149,264	(3)
9/23/2024	9/27/2024	10/14/2024		0.050		1,375,334	15,782		255,865	(3)
11/5/2024	12/27/2024	1/13/2025		0.420		13,693,684	110,129		1,735,280	(4)
12/23/2024	12/27/2024	1/13/2025		0.060		1,956,241	15,733		247,897	(4)

(1)

In accordance with the Company’s dividend reinvestment plan, 149,382 shares of the Company’s stock were purchased in the open market for an average price of $16.49. The Company issued the remaining 35,963 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.

(2)

In accordance with the Company’s dividend reinvestment plan, 110,540 shares of the Company’s stock were purchased in the open market for an average price of $16.44. The Company issued the remaining 65,409 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.

(3)

In accordance with the Company’s dividend reinvestment plan, 123,362 shares of the Company’s stock were purchased in the open market for an average price of $16.21. The Company issued the remaining 24,991 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.

(4)

In accordance with the Company’s dividend reinvestment plan, 93,200 shares of the Company’s stock were purchased in the open market for an average price of $15.76. The Company issued the remaining 32,662 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.