v3.26.1
Note 12 - Financial Highlights - Financial Highlights (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Net asset value at beginning of period (in dollars per share) $ 6.98 $ 8.43  
Net investment income (in dollars per share) 0.19 0.27  
Realized loss (in dollars per share) (0.03) 0  
Unrealized depreciation on investments (in dollars per share) (0.1) (0.8)  
Net increase (decrease) in net assets resulting from operations (in dollars per share) 0.06 (0.53)  
Distributions (1) (in dollars per share) [1] (0.06) (0.33)  
From net investment income (in dollars per share) (0.06) (0.33)  
From net realized gain on investments (in dollars per share) 0 0  
Return of capital (in dollars per share) 0 0  
Net asset value at end of period (in dollars per share) 6.98 7.57  
Per share market value, beginning of period (in dollars per share) 6.45 8.99  
Per share market value, end of period (in dollars per share) $ 4.21 $ 9.42  
Total return based on a market value [2] (29.60%) 8.50%  
Shares outstanding at end of period (in shares) 47,860,006 40,331,962 45,613,815
Expenses without incentive fees (3) [3] 16.00% 16.70%  
Incentive fees [3] 2.20% 0.00%  
Net expenses [3] 18.20% 16.70%  
Net investment income with incentive fees 11.00% 13.40%  
Net assets at the end of the period $ 333,863 $ 305,457 $ 318,502
Average net asset value $ 326,183 $ 320,821  
Average debt per share (in dollars per share) $ 9.39 $ 11.67  
Portfolio turnover ratio [4] 5.20% 6.10%  
[1] Distributions are determined based on taxable income calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in income and expense recognition, and (iii) the amount of spillover income carried over from a given tax year for distribution in the following tax year. The final determination of taxable income for each tax year, as well as the tax attributes for distributions in such tax year, will be made after the close of the tax year.
[2] The total return equals the change in the ending market value over the beginning of period price per share plus distributions paid per share during the period, divided by the beginning price.
[3] Annualized.
[4] Calculated by dividing (i) the lesser of purchases or sales of portfolio securities for the fiscal year by (ii) the monthly average of the value of portfolio securities owned by the Company during the fiscal year, with certain securities excluded from the numerator and denominator pursuant to applicable federal securities laws.