Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2026

Investment Company, Financial Highlights [Abstract]

The following is a schedule of financial highlights for the six months ended June 30, 2026 and 2025:


	Six Months Ended June 30,
	2026			2025
Per Share Data*
Net asset value at beginning of period	$	14.18		$	14.98
Net investment income (1)		0.77			0.76
Net realized and change in unrealized gains (losses) (1)		(1.28	)		(0.24	)
Net increase in net assets resulting from operations		(0.51	)		0.52
Distribution of net investment income (2)		(0.62	)		(0.76	)
Accretion due to share repurchases		0.32			0.01
Net asset value at end of period	$	13.37		$	14.75

Per share market value at end of period	$	10.08		$	12.62
Total return (3)		(6.58	)%		(0.87	)%
Shares outstanding at end of period		82,372,628			93,303,622
Weighted average shares outstanding		86,775,778			93,489,281

Ratio/Supplemental Data
Net assets at end of period (in millions)	$	1,101.3		$	1,375.9
Annualized ratio of operating expenses to average net assets (4)(5)		2.95	%		3.80	%
Annualized ratio of interest and other debt expenses to average net assets (5)		9.37	%		9.14	%
Annualized ratio of total expenses to average net assets (4)(5)		12.32	%		12.94	%
Annualized ratio of net investment income to average net assets (5)		11.31	%		10.24	%
Average debt outstanding (in millions)	$	1,852.6		$	1,866.9
Average debt per share	$	21.35		$	19.96
Annualized portfolio turnover rate (5)		10.14	%		27.27	%
Asset coverage per unit (6)	$	1,631		$	1,669

* Totals may not foot due to rounding.

(1)

Financial highlights are based on the weighted average number of shares outstanding for the period presented.

(2)

The tax character of distributions is determined based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. Although the tax character of distributions paid to stockholders through June 30, 2026 may include return of capital, the exact amount cannot be determined at this point. Per share amounts are based on actual rate per share.

(3)

Total return is based on the change in market price per share during the respective periods. Total return also takes into account distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. Total return does not reflect sales load.

(4)

The ratio of operating expenses to average net assets and the ratio of total expenses to average net assets are shown inclusive of all expense reimbursements (see Note 3 to the consolidated financial statements). For the six months ended June 30, 2026, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 2.97% and 12.34%, respectively, without the expense reimbursements. For the six months ended June 30, 2025, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 3.95% and 13.10%, respectively, without the voluntary fee waivers.

(5)

Annualized for the six months ended June 30, 2026 and 2025.

(6)

The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the asset coverage per unit. As of June 30, 2026, the Company's asset coverage was 163%.