v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net increase (decrease) in net assets resulting from operations $ (1,219,235) $ 28,192,953
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:    
Net realized (gains)/losses on investments 11,639,632 11,148,255
Net change in unrealized (gains)/losses on investments 16,334,283 (7,265,128)
Net accretion of discount on investments (948,788) (914,811)
Payment-in-kind interest (1,309,768) (234,303)
Purchases of short-term investments (261,034,788) (547,865,017)
Purchases of portfolio investments (196,684,831) (535,784,227)
Proceeds from sale of short-term investments 281,691,311 548,565,867
Proceeds from sale of portfolio investments 277,651,090 209,583,349
Amortization of deferred financing cost 854,144 698,939
Increase/(decrease) in operating assets and liabilities:    
(Increase)/decrease in receivable for sales of investments (177,309) 82,093
(Increase)/decrease in interest and dividends receivable 1,972,065 (2,820,622)
(Increase)/decrease in due from investment adviser (364,725) 1,679,371
(Increase)/decrease in receivable for paydowns of investments 1,136,903 (292,633)
(Increase)/decrease in prepaid expenses and other assets (6,827) (137,001)
Increase/(decrease) in interest payable on credit facilities (1,592,376) 736,352
Increase/(decrease) in payable for investments purchased (40,026,606) 53,529,859
Increase/(decrease) in management fees payable (180,721) 198,004
Increase/(decrease) in incentive fee payable (209,053) 2,249,954
Increase/(decrease) in accrued other general and administrative expenses (125,937) 245,862
Net cash provided by (used in) operating activities 87,398,464 (238,402,884)
Cash Flows from Financing Activities:    
Borrowings on the credit facilities 37,100,000 187,900,000
Payments on the credit facilities (77,300,000) (305,319,060)
Borrowings on the notes 0 300,000,000
Payments of debt issuance costs 0 (5,454,956)
Distributions paid in cash (28,341,014) (15,950,869)
Proceeds from issuance of common shares, net of change in subscriptions receivable 0 89,652,500
Purchase of common shares for dividend reinvestment plan 514,649 593,206
Repurchase of common shares (5,702,084) (346,272)
Net cash provided by (used in) financing activities (73,728,449) 251,074,549
Net increase/(decrease) in cash and cash equivalents 13,670,015 12,671,665
Cash and cash equivalents, beginning of period 2,766,409 2,117,109
Cash and cash equivalents, end of period 16,436,424 14,788,774
Supplemental and Non-Cash Information:    
Interest paid during the period 27,138,507 27,439,506
Distributions declared during the period 26,224,859 31,257,549
Distributions payable $ 13,533,770 $ 15,306,680