| SCHEDULE OF FINANCIAL HIGHLIGHTS |
SCHEDULE
OF FINANCIAL HIGHLIGHTS
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Per Basic Share Data | |
| | |
| | |
| | |
| |
| Net asset value at beginning of period | |
$ | 6.66 | | |
$ | 7.17 | | |
$ | 6.68 | | |
$ | 7.99 | |
| Net investment loss(1) | |
| (0.16 | ) | |
| (0.16 | ) | |
| (0.31 | ) | |
| (0.28 | ) |
| Net realized gain/(loss) on investments(1) | |
| 0.89 | | |
| <(0.01 | ) | |
| 0.90 | | |
| (0.02 | ) |
| Realized loss on partial repurchase of 6.00% Notes due December 30, 2026(1) | |
| — | | |
| — | | |
| <(0.01) | | |
| — | |
| Net change in unrealized appreciation/(depreciation) of investments(1) | |
| 1.89 | | |
| (0.30 | ) | |
| 2.02 | | |
| (1.04 | ) |
| Repurchase of common stock(1) | |
| — | | |
| 0.20 | | |
| — | | |
| 0.23 | |
| Stock-based compensation(1) | |
| (0.10 | ) | |
| 0.03 | | |
| (0.11 | ) | |
| 0.06 | |
| Net asset value at end of period | |
$ | 9.18 | | |
$ | 6.94 | | |
$ | 9.18 | | |
$ | 6.94 | |
| Per share market value at end of period | |
$ | 8.21 | | |
$ | 4.01 | | |
$ | 8.21 | | |
$ | 4.01 | |
| Total return based on market value(2) | |
| 65.19 | % | |
| (11.87 | )% | |
| 39.63 | % | |
| 1.78 | % |
| Total return based on net asset value(2) | |
| 37.84 | % | |
| (3.21 | )% | |
| 37.43 | % | |
| (13.14 | )% |
| Shares outstanding at end of period | |
| 23,888,107 | | |
| 23,378,002 | | |
| 23,888,107 | | |
| 23,378,002 | |
| Ratios/Supplemental Data: | |
| | | |
| | | |
| | | |
| | |
| Net assets at end of period | |
$ | 219,409,595 | | |
$ | 162,312,191 | | |
$ | 219,409,595 | | |
$ | 162,312,191 | |
| Average net assets | |
$ | 160,412,515 | | |
$ | 175,240,305 | | |
$ | 158,444,298 | | |
$ | 188,879,950 | |
| Ratio of net operating expenses to average net assets(3) | |
| 9.73 | % | |
| 10.75 | % | |
| 10.25 | % | |
| 10.04 | % |
| Ratio of net investment loss to average net assets(3) | |
| (9.31 | )% | |
| (8.39 | )% | |
| (9.40 | )% | |
| (7.32 | )% |
| Portfolio Turnover Ratio | |
| 2.36 | % | |
| 5.72 | % | |
| 3.02 | % | |
| 5.84 | % |
| (1) | Based
on weighted-average number of shares outstanding for the relevant period. |
| (2) | Total
return based on market value is based upon the change in market price per share between the
opening and ending market values per share in the period, adjusted for dividends and equity
issuances. Total return based on net asset value is based upon the change in net asset value
per share between the opening and ending net asset values per share in the period, adjusted
for dividends and equity issuances. |
| (3) | Financial
highlights for periods of less than one year are annualized and the ratios of operating expenses
to average net assets and net investment loss to average net assets are adjusted accordingly.
Because the ratios are calculated for the Company’s common stock taken as a whole,
an individual investor’s ratios may vary from these ratios. |
|