v3.25.4
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income      
Interest income from investments $ 44,093 $ 58,909 $ 68,903
Payment-in-kind interest income 5,310 3,499 1,361
Other income      
Expirations / terminations of unfunded commitments 667 541 1,627
Other fees 506 515 635
Total investment and other income 50,576 63,464 72,526
Operating expenses      
Base management fee 6,207 6,207 5,560
Interest expense and amortization of fees 12,637 16,322 15,509
Administration Agreement expenses 2,238 2,182 2,024
General and administrative expenses 3,133 2,665 3,459
Total operating expenses 24,215 27,376 26,552
Net investment income 26,361 36,088 45,974
Net realized and unrealized losses      
Net realized losses on investments (24,583) (14,824) (43,510)
Net change in unrealized gains/( losses) on investments 3,854 (5,320) (230)
Net realized and unrealized losses (20,729) (20,144) (43,740)
Net increase (decrease) in net assets resulting from operations $ 5,632 $ 15,944 $ 2,234
Per Share Information (Basic and Diluted)      
Net investment income per common share, Basic (in dollars per share) $ 1.11 $ 1.52 $ 2.24
Net investment income per common share, Diluted (in dollars per share) 1.11 1.52 2.24
Net increase (decrease) in net assets per common stock (in dollars per share) $ 0.24 $ 0.67 $ 0.11
Weighted average shares of common stock outstanding , Basic (in shares) 23,689,363 23,689,363 20,473,778
Weighted average shares of common stock outstanding , Diluted (in shares) 23,689,363 23,689,363 20,473,778
Regular distributions declared per common share (in dollars per share) $ 0.91 $ 1.70 $ 1.78
Special distributions declared per common share (in dollars per share) 0 0.10 0.12
Total distributions declared per common share (in dollars per share) $ 0.91 $ 1.80 $ 1.90