v3.26.1
Supplementary Data (unaudited)
 6 Months Ended
Jun. 30, 2026
Investment Company, Financial Highlights [Line Items]  
Financial Highlights

10. Financial Highlights

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

Per Common Share

 

 

 

 

 

 

 

Per share NAV at beginning of period

 

$

7.07

 

 

$

9.23

 

 

 

 

 

 

 

 

 

Investment operations:

 

 

 

 

 

 

 

Net investment income (1)

 

 

0.44

 

 

 

0.70

 

 

Net realized and unrealized gain (loss) (1)

 

 

(0.58

)

 

 

(0.64

)

 

Total from investment operations

 

 

(0.14

)

 

 

0.06

 

 

 

 

 

 

 

 

 

Repurchase of common stock

 

 

0.02

 

 

0.00

 

 

Loss on extinguishment of debt

 

 

(0.03

)

 

 

—

 

 

 

 

 

 

 

 

 

Dividends to common shareholders

 

 

(0.34

)

 

 

(0.58

)

 

 

 

 

 

 

 

 

Per share NAV at end of period

 

$

6.58

 

 

$

8.71

 

 

 

 

 

 

 

 

 

Per share market price at end of period

 

$

3.36

 

 

$

7.70

 

 

 

 

 

 

 

 

 

Total return based on market value (2) (3)

 

 

(32.4

)%

 

 

(4.9

)%

 

Total return based on net asset value (2) (4)

 

 

(2.1

)%

 

 

0.7

%

 

 

 

 

 

 

 

 

Shares outstanding at end of period

 

 

83,902,775

 

 

 

85,036,467

 

 

 

 

 

 

 

Ratios to average common equity: (5)

 

 

 

 

 

 

 

Net investment income

 

 

12.7

%

 

 

15.4

%

 

Expenses, before incentive fee, and management fee waiver

 

 

15.9

%

 

 

13.1

%

 

Expenses, net of incentive fee, before management fee waiver

 

 

15.9

%

 

 

13.1

%

 

Management fee waiver

 

 

—

 

 

 

(0.9

)%

 

Expenses, net of incentive fee, and management fee waiver

 

 

15.9

%

 

 

12.2

%

 

 

 

 

 

 

 

 

Ending common shareholder equity

 

$

552,006,827

 

 

$

740,476,938

 

 

Portfolio turnover rate

 

 

3.4

%

 

 

7.4

%

 

Weighted-average debt outstanding

 

$

987,543,968

 

 

$

1,145,193,596

 

 

Weighted-average interest rate on debt

 

 

5.8

%

 

 

5.4

%

 

Weighted-average number of common shares

 

 

84,124,040

 

 

 

85,060,179

 

 

Weighted-average debt per share

 

$

11.74

 

 

$

13.46

 

 

 

(1)
Amounts shown reflect the impact of the purchase discount recorded in connection with the Merger and were computed based on the actual amounts earned or incurred by the Company divided by the actual shares outstanding in the respective accounting periods before and after the closing of the Merger on March 18, 2024.
(2)
Not annualized.
(3)
Total return based on market value equals the change in ending market value per share during the period plus declared dividends per share during the period, divided by the market value per share at the beginning of the period.
(4)
Total return based on net asset value equals the change in net asset value per share during the period plus declared dividends per share during the period, divided by the beginning net asset value per share.
(5)
Annualized, except for incentive compensation.