v3.26.1
FINANCIAL HIGHLIGHTS (Tables)
 3 Months Ended
Mar. 31, 2026
Investment Company [Abstract]  
SCHEDULE OF FINANCIAL HIGHLIGHTS

 

       
   Three Months Ended March 31, 
   2026   2025 
Per Basic Share Data          
Net asset value at beginning of year  $8.09   $6.68 
Net investment loss(1)   (0.16)   (0.16)
Net realized gain/(loss) on investments(1)   0.04    <(0.01)
Realized loss on partial repurchase of 6.00% Notes due December 30, 2026(1)   —    <(0.01)
Net change in unrealized appreciation/(depreciation) of investments(1)   6.25    0.12 
Stock-based compensation(1)   0.02    0.02 
Net asset value at end of period  $14.24   $6.66 
Per share market value at end of period  $10.71   $4.97 
Total return based on market value(2)   13.45%   (15.48)%
Total return based on net asset value(2)   76.02%   (0.30)%
Shares outstanding at end of period   25,387,393    23,551,859 
Ratios/Supplemental Data:          
Net assets at end of period  $361,551,582   $156,804,155 
Average net assets  $206,417,463   $156,454,212 
Ratio of net operating expenses to average net assets(3)   9.25%   10.79%
Ratio of net investment loss to average net assets(3)   (7.82)%   (9.49)%
Portfolio Turnover Ratio   0.52%   5.28%

 

 

(1)Based on weighted-average number of shares outstanding for the relevant period.
(2)Total return based on market value is based upon the change in market price per share between the opening and ending market values per share in the period, adjusted for dividends. Total return based on net asset value is based upon the change in net asset value per share between the opening and ending net asset values per share in the period, adjusted for dividends.
(3)Financial highlights for periods of less than one year are annualized and the ratios of operating expenses to average net assets and net investment loss to average net assets are adjusted accordingly. Because the ratios are calculated for the Company’s common stock taken as a whole, an individual investor’s ratios may vary from these ratios.