v3.26.1
Share Transactions
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Share Transactions

Note 11. Share Transactions

The following table summarizes the total shares issued and repurchased for the periods ended December 31, 2025, December 31, 2024, June 30, 2024 and June 30, 2023:

 

Twelve Months Ended December 31,

 

Six Months Ended December 31,

 

Twelve Months Ended June 30,

 

2025

 

2024

 

2024

 

2023

 

Shares

 

Amount

 

Shares

 

Amount

 

Shares

 

Amount

 

Shares

 

Amount

Balance at beginning of period

 

14,406,244

 

$205,859,495

 

14,403,752

 

$205,852,464

 

14,391,775

 

$205,812,251

 

14,385,810

 

$205,790,502

Issuance of common shares

 

 

 

 

 

 

 

 

Reinvestments of stockholder distributions

 

39,855

 

110,487

 

2,492

 

7,031

 

11,977

 

40,213

 

5,965

 

21,749

Share repurchases

 

(13,627)

 

(39,178)

 

 

 

 

 

 

Balance at end of period

 

14,432,472

 

$205,930,804

 

14,406,244

 

$205,859,495

 

14,403,752

 

$205,852,464

 

14,391,775

 

$205,812,251

 

On August 7, 2025, the Board authorized a share repurchase program of up to $5 million (the "2025 Stock Repurchase Program") for a one-year period, effective August 7, 2025 and terminating on August 7, 2026. The 2025 Stock Repurchase Program may be suspended or discontinued at any time. Subject to these restrictions, the Company will selectively pursue opportunities to repurchase shares which are accretive to net asset value per share. During the twelve months ended December 31, 2025, the Company repurchased 13,627 shares at an average price per share of $2.84. As of December 31, 2025, all repurchased shares have been retired.