v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment income    
Interest income from investments $ 18,594,000 $ 17,829,000
Payment-in-kind interest income 3,495,000 3,756,000
Other income    
Expirations/terminations of unfunded commitments 446,000 423,000
Other fees 240,000 446,000
Total investment and other income 22,775,000 22,454,000
Operating expenses    
Base management fee 3,614,000 3,326,000
Income incentive fee 1,824,000 0
Interest expense and amortization of fees 7,861,000 6,372,000
Administration Agreement expenses 719,000 602,000
General and administrative expenses 1,019,000 1,010,000
Total operating expenses before Income incentive fee waiver 15,037,000 11,310,000
Income incentive fee waiver (1,824,000) 0
Total operating expenses net of Income incentive fee waiver 13,213,000 11,310,000
Net investment income before excise taxes 9,562,000 11,144,000
Excise tax expense (440,000) (406,000)
Net investment income after excise taxes 9,122,000 10,738,000
Net realized and unrealized gains/(losses)    
Net realized gains (losses) on investments (299,000) 2,254,000
Net change in unrealized gains (losses) on investments (2,663,000) (303,000)
Net realized and unrealized gains/(losses) (2,962,000) 1,951,000
Net increase (decrease) in net assets resulting from operations $ 6,160,000 $ 12,689,000
Per share information (basic and diluted)    
Net increase (decrease) in net assets per share (in dollars per share) $ 0.15 $ 0.32
Weighted average shares of common stock outstanding, Basic (in shares) 40,492 40,138
Weighted average shares of common stock outstanding, Diluted (in shares) 40,492 40,138
Regular distributions declared per share (in dollars per share) $ 0.23 $ 0.30