| Equity [Text Block] |
Note 10. Distributions
Prior to January 1, 2026, the Company recorded distributions to common stockholders on the date the distribution was declared by the Board. On and after January 1, 2026, the Company records distributions to common stockholders on the ex-dividend date for such distribution. The following table summarizes the Company’s distribution activity for the three months ended March 31, 2026 and for the year ended December 31, 2025:
| | | | | | | | | | | | | | | 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) | |
| Three Months Ended March 31, 2026 | | | | | | | | | | | | | | | | | | | | |
| February 27, 2026 | | May 18, 2026 | | June 16, 2026 | | $ | 0.06 | | | $ | — | | | | — | | | $ | — | |
| February 27, 2026 | | April 16, 2026 | | May 15, 2026 | | | 0.06 | | | | — | | | | — | | | | — | |
| February 27, 2026 | | March 16, 2026 | | April 15, 2026 | | | 0.06 | | | | 2,727 | | | | 30,460 | | | | 144 | |
| | | | | | | $ | 0.18 | | | $ | 2,727 | | | | 30,460 | | | $ | 144 | |
| Year Ended December 31, 2025 | | | | | | | | | | | | | | | | | | | | |
| October 22, 2025 | | February 17, 2026 | | March 13, 2026 | | $ | 0.11 | | | $ | 5,020 | | | | 55,295 | | | $ | 239 | |
| 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 | | | $ | 55,043 | | | | 377,712 | | | $ | 2,495 | |
| | | | | | | | | | | | | | | | | | | | | |
On May 1, 2026, the Board declared regular monthly cash distributions per share and, in accordance with the Company’s previously announced intent to make additional distributions with its undistributed net investment income, or “spillover” income, special monthly cash distributions per share, payable as set forth in the following tables:
Regular monthly distributions
| Ex-Dividend Date | | Record Date | | Payment Date | | Distributions Declared | |
| June 17, 2026 | | June 17, 2026 | | July 15, 2026 | | $ | 0.06 | |
| July 16, 2026 | | July 16, 2026 | | August 14, 2026 | | $ | 0.06 | |
| August 17, 2026 | | August 17, 2026 | | September 15, 2026 | | $ | 0.06 | |
Special monthly distributions
| Ex-Dividend Date | | Record Date | | Payment Date | | Distributions Declared | |
| June 17, 2026 | | June 17, 2026 | | July 15, 2026 | | $ | 0.03 | |
| July 16, 2026 | | July 16, 2026 | | August 14, 2026 | | $ | 0.03 | |
| August 17, 2026 | | August 17, 2026 | | September 15, 2026 | | $ | 0.03 | |
After paying distributions of $0.33 per share and earning net investment income of $0.19 per share for the three months ended March 31, 2026, the Company’s undistributed spillover income as of March 31, 2026 was $0.52 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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