Share Transactions (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Stockholders' Equity Note [Abstract] |
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| Summary of Total Shares Issued and Proceeds Received |
The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2025:
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Period Ended |
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Shares Issued |
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Proceeds Received |
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March 31, 2025 |
|
|
151,338 |
|
|
$ |
3,539,803 |
|
June 30, 2025 |
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|
4,371 |
|
|
|
100,000 |
|
|
|
|
155,709 |
|
|
$ |
3,639,803 |
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The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2024:
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Period Ended |
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Shares Issued |
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Proceeds Received |
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March 31, 2024 |
|
|
21,853 |
|
|
$ |
532,335 |
|
June 30, 2024 |
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|
158,415 |
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|
|
3,859,000 |
|
|
|
|
180,268 |
|
|
$ |
4,391,335 |
|
|
| Summary of Distribution Declarations and Common Shares Issued Pursuant to DRP |
The following table summarizes the distribution declarations and common shares issued pursuant to the DRP for the six months ended June 30, 2025:
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Date Declared |
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Record Date |
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Payment Date |
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Amount Per Share |
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Distribution Declared |
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DRP Shares Issued |
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March 5, 2025 |
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March 5, 2025 |
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March 20, 2025 |
|
$ |
0.55 |
|
|
$ |
5,938,647 |
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|
|
21,994 |
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May 7, 2025 |
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May 13, 2025 |
|
June 18, 2025 |
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|
0.54 |
|
|
|
5,552,780 |
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|
|
12,458 |
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|
|
|
|
|
|
$ |
1.09 |
|
|
$ |
11,491,427 |
|
|
|
34,452 |
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The following table summarizes the distribution declarations and common shares issued pursuant to the DRP for the six months ended June 30, 2024:
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Date Declared |
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Record Date |
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Payment Date |
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Amount Per Share |
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Distribution Declared |
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DRP Shares Issued |
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March 1, 2024 |
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March 5, 2024 |
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March 21, 2024 |
|
$ |
0.77 |
|
|
$ |
8,116,595 |
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|
|
79,402 |
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May 9, 2024 |
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May 14, 2024 |
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June 20, 2024 |
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|
0.70 |
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|
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7,325,374 |
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|
|
50,065 |
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|
|
|
|
|
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$ |
1.47 |
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$ |
15,441,969 |
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|
|
129,467 |
|
|
| Summary of Share Repurchases |
The following table presents the share repurchases completed during the six months ended June 30, 2025:
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Tender Offer
Date |
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Tender Offer Expiration Date |
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Total Number of Shares the Company Offered to Repurchase |
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|
Price Paid per Share |
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Total Number of Shares Repurchased |
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Maximum Number of Shares that may yet be purchased under the repurchase plan |
January 10, 2025 |
|
February 7, 2025 |
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|
561,088 |
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|
$ |
23.39 |
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|
|
575,562 |
|
|
— (1) |
April 14, 2025 |
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May 9, 2025 |
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|
540,977 |
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|
$ |
22.88 |
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|
|
540,977 |
|
|
— (2) |
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|
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1,116,539 |
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(1)All repurchase requests were satisfied in full. (2)In accordance with the terms of the tender offer, the Company accepted for purchase on a pro rata basis approximately 66.54% of the number of shares of the Company that were validly tendered and not withdrawn prior to the expiration of the tender offer, as permitted by Rule 13e-4 of the Securities Exchange Act of 1934, as amended. The following table presents the share repurchases completed during the six months ended June 30, 2024:
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Tender Offer
Date |
|
Tender Offer Expiration Date |
|
Total Number of Shares the Company Offered to Repurchase |
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|
Price Paid per Share |
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|
Total Number of Shares Repurchased |
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|
Maximum Number of Shares that may yet be purchased under the repurchase plan (1) |
|
January 12, 2024 |
|
February 9, 2024 |
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|
736,400 |
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|
$ |
24.36 |
|
|
|
677,139 |
|
|
|
— |
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April 15, 2024 |
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May 10, 2024 |
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|
531,022 |
|
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$ |
24.36 |
|
|
|
314,031 |
|
|
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— |
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991,170 |
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(1)All repurchase requests were satisfied in full.
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