v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net increase (decrease) in net assets resulting from operations $ 6,198 $ 7,121
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (gains)/losses on investments 1,341 (55)
Net accretion of discount on investments (507) (515)
Sales (purchases) of investments in money market funds, net (3,259) 11,795
Purchases of portfolio investments (13,932) (52,314)
Proceeds from sales of investments and principal repayments 14,831 11,659
Paid-in-kind interest from portfolio investments (173) (44)
Amortization of deferred financing cost 5 14
Increase/(decrease) in operating assets and liabilities:    
(Increase)/decrease in deposits for investments 2,384 0
(Increase)/decrease in interest and dividends receivable (360) (238)
(Increase)/decrease in receivable for principal payments on investments (62) 34
(Increase)/decrease in prepaid expenses and other assets 17 34
Increase/(decrease) in management fees payable (27) 40
Increase/(decrease) in accrued other general and administrative expenses (70) 21
Net cash provided by (used in) operating activities 6,386 (22,448)
Cash Flows from Financing Activities:    
Borrowings/(payments) on subscription credit facility, net 0 2,500
Payments of debt issuance costs (44) (16)
Dividends paid in cash (7,295) (6,131)
Proceeds from issuance of common shares 0 25,000
Net cash provided by (used in) financing activities (7,339) 21,353
Net increase (decrease) in cash (953) (1,095)
Cash, beginning of period 2,877 2,899
Cash, end of period 1,924 1,804
Supplemental and Non-Cash Information:    
Interest paid during the period 21 32
Non-cash financing activities not included herein consisted of reinvestment of dividends $ 1,273 $ 1,070