v3.26.1
Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Total interest income $ 42,596 $ 50,217 $ 83,768 $ 95,837
Total dividend income 14,021 14,593 25,926 25,335
Total fee and other income 3,713 4,880 6,406 8,454
Total payment-in-kind interest income 4,730 4,508 9,363 8,827
Total investment income 65,202 74,398 125,768 138,837
Operating expenses:        
Interest and other financing fees 19,929 22,176 38,863 42,373
Base management fee (Note 2) 7,928 8,193 16,222 16,211
Incentive management fees (Note 2) 4,959 11,117 9,682 18,855
General and administrative expenses (Note 2) 1,927 2,294 4,242 3,989
Total operating expenses 34,743 43,780 69,009 81,428
Net investment income before taxes 30,459 30,618 56,759 57,409
Income taxes, including excise tax expense 1,504 808 1,904 1,208
Net investment income after taxes 28,955 29,810 54,855 56,201
Net realized gains (losses):        
Net realized gains (losses) on investments (7,149) (11,085) (15,299) (28,816)
Credit support agreements 22,628 9,400 22,628 9,400
Foreign currency transactions 289 787 (2,153) 2,235
Forward currency contracts 3,035 (14,259) 2,837 954
Net realized gains (losses) 18,803 (15,157) 8,013 (16,227)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (5,980) 27,455 (16,014) 60,455
Credit support agreements (21,400) (3,000) (16,100) 1,350
Foreign currency transactions 1,200 (15,205) 5,300 (22,983)
Forward currency contracts (3,247) (3,344) 2,268 (25,661)
Net unrealized appreciation (depreciation) (29,427) 5,906 (24,546) 13,161
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements, foreign currency transactions and forward currency contracts (10,624) (9,251) (16,533) (3,066)
Net increase (decrease) in net assets resulting from operations $ 18,331 $ 20,559 $ 38,322 $ 53,135
Net investment income per share—basic (in dollars per share) $ 0.28 $ 0.28 $ 0.52 $ 0.53
Net investment income per share—diluted (in dollars per share) 0.28 0.28 0.52 0.53
Net increase (decrease) in net assets resulting from operations per share—basic and diluted (in dollars per share) 0.18 0.20 0.36 0.51
Dividends / distributions per share:        
Regular quarterly dividends / distributions, declared (in dollars per share) 0.26 0.26 0.52 0.52
Regular quarterly dividends / distributions, paid (in dollars per share) 0.26 0.26 0.52 0.52
Special dividends / distributions, declared (in dollars per share) 0 0.05 0 0.10
Special dividends / distributions, paid (in dollars per share) 0 0.05 0 0.10
Total dividends / distributions per share, declared (in dollars per share) 0.26 0.31 0.52 0.62
Total dividends/distributions per share, paid (in dollars per share) $ 0.26 $ 0.31 $ 0.52 $ 0.62
Weighted average shares outstanding—basic (in shares) 104,706,884 105,232,015 104,706,884 105,302,308
Weighted average shares outstanding—diluted (in shares) 104,706,884 105,232,015 104,706,884 105,302,308
Cash        
Investment income:        
Interest income from cash $ 142 $ 200 $ 305 $ 384
Non-Control / Non-Affiliate investments        
Investment income:        
Total interest income 39,245 48,899 78,800 93,526
Total dividend income 1,655 1,668 4,362 2,811
Total fee and other income 3,547 4,807 6,158 8,346
Total payment-in-kind interest income 3,714 4,007 7,778 7,755
Net realized gains (losses):        
Net realized gains (losses) on investments (7,077) 6,024 (15,230) (4,360)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments 324 8,975 (10,245) 31,205
Affiliate investments        
Investment income:        
Total interest income 3,287 1,181 4,825 2,054
Total dividend income 12,366 10,108 21,564 19,707
Total fee and other income 155 72 201 104
Total payment-in-kind interest income 550 266 730 609
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (3,837) 663 (548) (1,197)
Control investments        
Investment income:        
Total interest income 64 137 143 257
Total dividend income 0 2,817 0 2,817
Total fee and other income 11 1 47 4
Total payment-in-kind interest income 466 235 855 463
Net realized gains (losses):        
Net realized gains (losses) on investments (72) (17,109) (69) (24,456)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments $ (2,467) $ 17,817 $ (5,221) $ 30,447