v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities        
Net Income (Loss) $ 6,872,082 $ 11,603,849 $ 17,099,282 $ 28,307,727
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net amortization/accretion of premium/discount on investments     (4,098,039) (3,464,151)
Amortization of deferred financing costs and debt issuance costs 398,745 583,989 828,071 1,160,760
Payments for purchase of investments     (188,425,770) (132,777,647)
Proceeds from sales, paydowns and resolutions of investments     148,929,824 79,352,165
Interest paid-in-kind     (3,044,897) (3,383,424)
Net realized (gain) loss from investments     11,236,508 (6,202,129)
Net change in unrealized (appreciation) depreciation from investments     (1,240,506) 12,019,467
Net change in unrealized (appreciation) depreciation 597,668 16,935 1,186,714 (889,118)
Net change in unrealized (appreciation) depreciation on effectively hedged interest rate swaps and debt [1] (20,570) 25,978 (50,360) 33,370
Net (increase) decrease in operating assets and increase (decrease) in operating liabilities        
Receivable for unsettled transactions     10,683,112 449,368
Interest receivable     248,447 173,196
Incentive compensation clawback     7,025,114 (714,206)
Due from broker     (2,127,644) 1,222,588
Other assets     432,494 (279,138)
Due To broker     (1,920,000) 0
Payable for unsettled transactions     51,696,039 (14,567,040)
Interest payable     (1,500,493) 52,471
Management fees payable to an affiliate     212,339 0
Income incentive compensation payable to an affiliate     (721,688) (283,140)
Interest rate swaps accrual, net     (61,925) 573,883
Payable to Trustees     0 9,043
Other liabilities     (126,268) 150,751
Accrued expenses     465,601 (338,709)
Net cash provided by (used in) operating activities     46,725,955 (39,393,913)
Cash flows from financing activities        
Proceeds from debt borrowings     26,292,625 27,400,000
Principal debt payments     (11,974,938) (18,100,000)
Payment of deferred financing costs and debt issuance costs     (1,059,064) 0
Issuance of common shares     9,510,031 0
Dividends paid     (30,264,110) (25,835,216)
Net cash provided by (used in) financing activities     (7,495,456) (16,535,216)
Net increase (decrease)     39,230,499 (55,929,129)
Beginning of period balance     99,176,269 119,269,475
End of period balance 138,406,768 63,340,346 138,406,768 63,340,346
Supplemental cash flow information        
Cash paid during the period for interest     15,059,507 16,048,448
Cash paid during the period for income taxes     59,522 70,156
Cash and cash equivalents 91,010,758 42,975,485 91,010,758 42,975,485
Foreign cash held at banks 14,112,218 95,900 14,112,218 95,900
Restricted cash and cash equivalents 33,283,792 20,268,961 33,283,792 20,268,961
Total 138,406,768 63,340,346 138,406,768 63,340,346
Foreign Currency Forward Contracts [Member]        
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net change in unrealized (appreciation) depreciation 546,035 144,668 932,058 (827,421)
Interest Rate Swaps [Member]        
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net change in unrealized (appreciation) depreciation $ 51,633 $ (127,733) $ 254,656 $ (61,697)
[1] Refer to "2026 Notes" for details on designated hedge relationship with the interest rate swaps.