| Equity [Text Block] |
Note 11. Distributions
The Company’s distributions are recorded on the declaration date. The following table summarizes the Company’s distribution activity for the years ended December 31, 2025 and 2024:
| | | | | | | | | | | | | | | DRIP | | | DRIP | |
| Date | | | | | | Amount | | | Cash | | | Shares | | | Share | |
| Declared | | Record Date | | Payment Date | | Per Share | | | Distribution | | | Issued | | | Value | |
| | | | | | | (In thousands, except share and per share data) | |
| Year Ended December 31, 2025 | | | | | | | | | | | | | | | | | | | | |
| October 22, 2025 | | February 17, 2026 | | March 13, 2026 | | $ | 0.11 | | | $ | — | | | | — | | | $ | — | |
| October 22, 2025 | | January 16, 2026 | | February 13, 2026 | | | 0.11 | | | | 4,885 | | | | 38,126 | | | | 250 | |
| October 22, 2025 | | December 17, 2025 | | January 15, 2026 | | | 0.11 | | | | 4,785 | | | | 34,520 | | | | 232 | |
| July 23, 2025 | | November 17, 2025 | | December 16, 2025 | | | 0.11 | | | | 4,660 | | | | 37,723 | | | | 247 | |
| July 23, 2025 | | October 16, 2025 | | November 14, 2025 | | | 0.11 | | | | 4,666 | | | | 32,582 | | | | 216 | |
| July 23, 2025 | | September 17, 2025 | | October 15, 2025 | | | 0.11 | | | | 4,685 | | | | 31,217 | | | | 189 | |
| April 25, 2025 | | August 18, 2025 | | September 16, 2025 | | | 0.11 | | | | 4,513 | | | | 26,782 | | | | 183 | |
| April 25, 2025 | | July 16, 2025 | | August 15, 2025 | | | 0.11 | | | | 4,498 | | | | 25,469 | | | | 182 | |
| April 25, 2025 | | June 16, 2025 | | July 15, 2025 | | | 0.11 | | | | 4,442 | | | | 21,896 | | | | 181 | |
| February 28, 2025 | | May 16, 2025 | | June 13, 2025 | | | 0.11 | | | | 4,387 | | | | 27,006 | | | | 202 | |
| February 28, 2025 | | April 16, 2025 | | May 15, 2025 | | | 0.11 | | | | 4,257 | | | | 24,095 | | | | 182 | |
| February 28, 2025 | | March 17, 2025 | | April 15, 2025 | | | 0.11 | | | | 4,245 | | | | 23,001 | | | | 192 | |
| | | | | | | $ | 1.32 | | | $ | 50,023 | | | | 322,417 | | | $ | 2,256 | |
| Year Ended December 31, 2024 | | | | | | | | | | | | | | | | | | | | |
| October 25, 2024 | | February 18, 2025 | | March 14, 2025 | | $ | 0.11 | | | $ | 4,280 | | | | 16,954 | | | $ | 154 | |
| October 25, 2024 | | January 16, 2025 | | February 14, 2025 | | | 0.11 | | | | 4,226 | | | | 18,428 | | | | 179 | |
| October 25, 2024 | | December 16, 2024 | | January 15, 2025 | | | 0.11 | | | | 4,235 | | | | 16,428 | | | | 151 | |
| July 26, 2024 | | November 15, 2024 | | December 13, 2024 | | | 0.11 | | | | 4,124 | | | | 15,584 | | | | 147 | |
| July 26, 2024 | | October 17, 2024 | | November 14, 2024 | | | 0.11 | | | | 4,022 | | | | 17,706 | | | | 165 | |
| July 26, 2024 | | September 16, 2024 | | October 16, 2024 | | | 0.11 | | | | 3,914 | | | | 18,539 | | | | 195 | |
| April 26, 2024 | | August 16, 2024 | | September 13, 2024 | | | 0.11 | | | | 3,818 | | | | 17,441 | | | | 192 | |
| April 26, 2024 | | July 17, 2024 | | August 15, 2024 | | | 0.11 | | | | 3,775 | | | | 16,852 | | | | 192 | |
| April 26, 2024 | | June 17, 2024 | | July 16, 2024 | | | 0.11 | | | | 3,766 | | | | 15,860 | | | | 199 | |
| February 23, 2024 | | May 17, 2024 | | June 14, 2024 | | | 0.11 | | | | 3,701 | | | | 16,686 | | | | 201 | |
| February 23, 2024 | | April 18, 2024 | | May 15, 2024 | | | 0.11 | | | | 3,654 | | | | 16,687 | | | | 199 | |
| February 23, 2024 | | March 19, 2024 | | April 16, 2024 | | | 0.05 | | | | 1,625 | | | | 7,598 | | | | 85 | |
| February 23, 2024 | | March 19, 2024 | | April 16, 2024 | | | 0.11 | | | | 3,574 | | | | 16,717 | | | | 188 | |
| | | | | | | $ | 1.37 | | | $ | 48,714 | | | | 211,480 | | | $ | 2,247 | |
On February 27, 2026, the Board declared monthly distributions per share, payable as set forth in the following table:
Monthly distributions
| Ex-Dividend Date | | Record Date | | Payment Date | | Distributions Declared | |
| March 16, 2026 | | March 16, 2026 | | April 15, 2026 | | $ | 0.06 | |
| April 16, 2026 | | April 16, 2025 | | May 15, 2026 | | $ | 0.06 | |
| May 18, 2026 | | May 18, 2025 | | June 16, 2026 | | $ | 0.06 | |
After paying distributions of $1.32 per share deemed paid for tax purposes in 2025, declaring on October 22, 2025 a distribution of $0.11 per share payable January 15, 2026, and taxable earnings of $1.07 per share in 2025, the Company’s undistributed spillover income as of December 31, 2025 was $0.65 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.
The Board sets the level of distributions for each quarter based on its results of operations, spillover income and longer-term outlook.
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