v3.25.2
Financial Highlights (Tables)
 6 Months Ended
Jun. 30, 2025
Financial Highlights  
Schedule of financial highlights

The following per share of Common Stock data has been derived from information provided on the consolidated financial statements. The following is a schedule of financial highlights for the six months ended June 30, 2025 and 2024:

 

($ in thousands, except share and per share information)

 

 

Six Months Ended
June 30, 2025
(Unaudited)

 

 

Six Months Ended
June 30, 2024
(Unaudited)

 

Per share of Common Stock operating performance:

 

 

 

 

 

 

 

Net asset value, beginning of period

 

 

$

19.85

 

 

$

19.71

 

Results of operations:

 

 

 

 

 

 

 

Net investment income 1

 

 

 

0.93

 

 

 

1.39

 

Net realized gains (losses) and unrealized appreciation (depreciation) 2

 

 

 

0.07

 

 

 

0.07

 

Net increase (decrease) in net assets resulting from operations

 

 

 

1.00

 

 

 

1.46

 

 

 

 

 

 

 

 

 

Distributions to Common Stockholders

 

 

 

 

 

 

 

Distributions from earnings

 

 

 

(0.96

)

 

 

(1.30

)

Net decrease in net assets resulting from distributions

 

 

 

(0.96

)

 

 

(1.30

)

Net asset value, end of period

 

 

$

19.89

 

 

$

19.87

 

 

 

 

 

 

 

 

 

Shares outstanding, end of period

 

 

 

63,830,398

 

 

 

61,358,938

 

Ratio/Supplemental Data

 

 

 

 

 

 

 

Net assets, end of period

 

 

$

1,269,311

 

 

$

1,219,289

 

Weighted average shares outstanding

 

 

 

63,278,474

 

 

 

52,443,120

 

Total return 3

 

 

 

5.11

%

 

 

7.56

%

Portfolio turnover

 

 

 

9.88

%

 

 

15.63

%

Ratio of operating expenses to average net assets 4

 

 

 

12.84

%

 

 

11.46

%

Ratio of net investment income (loss) to average net assets 4

 

 

 

9.40

%

 

 

13.37

%

 

1
The per share of Common Stock data was derived by using weighted average shares outstanding during the period.
2
The amount shown at this caption is the balancing amount derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the year/period does not agree with the change in the aggregate appreciation and depreciation in portfolio securities for the period because of the timing of sales of the Company’s shares in relation to fluctuating market values for the portfolio.
3
Total return is based upon the change in net asset value per share between the opening and ending net asset values per share, assuming reinvestment of any distributions during the period. Total return is not annualized and does not include a sales load.
4
The ratios reflect an annualized amount. Non-recurring expenses were not annualized. During the six months ended June 30, 2025 and 2024, the Company incurred $23 and $32 of Offering Expenses, respectively, which were deemed to be non-recurring.