v3.26.1
NET ASSETS
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
NET ASSETS NET ASSETS
Shares Issued
The Company has the authority to issue 500,000,000 shares of common stock, par value $0.01 per share.
ATM Program
On March 10, 2025, the Company established an equity at-the-market offering program (the "ATM Program"), pursuant to which the Company may offer and sell, from time to time, through distribution managers, or to them, as principals for their own accounts, shares of its common stock having an aggregate offering price up to $200,000. Sales of common stock made pursuant to the ATM Program may be made in negotiated transactions or transactions that are deemed to be “at-the-market” offerings as defined in Rule 415(a)(5) under the Securities Act. The Company intends to use the net proceeds from the ATM Program for general corporate purposes, which may include, among other things, investing in accordance with its investment objective and strategies, and repaying indebtedness (which may be subject to re-borrowing).
As of June 30, 2026, the Company had not sold any shares of common stock through the ATM Program.
Distributions
The following table summarizes the Company's distributions recorded for the six months ended June 30, 2026:
Date DeclaredRecord DatePayment DateDividend per Share
April 29, 2026June 30, 2026July 28, 2026$0.36
April 29, 2026June 30, 2026July 28, 2026
 $0.02 (1)
February 12, 2026March 31, 2026April 28, 2026$0.36
February 12, 2026March 31, 2026April 28, 2026
 $0.04 (1)
________________
(1)    Represents a supplemental dividend.

The following table summarizes the Company's distributions recorded for the six months ended June 30, 2025:
Date DeclaredRecord DatePayment DateDividend per Share
April 30, 2025June 30, 2025July 28, 2025$0.45
February 19, 2025March 31, 2025April 28, 2025$0.45
January 10, 2024February 12, 2025April 28, 2025
     $0.10 (1)
________________
(1) Represents a special dividend.

The following table reflects the shares distributed pursuant to the dividend reinvestment plan for the six months ended June 30, 2026:
Date DeclaredRecord DatePayment Date
Shares(1)
February 12, 2026March 31, 2026April 28, 202659,772
October 29, 2025December 31, 2025January 27, 202680,391
________________
(1)    In accordance with the Company’s Amended DRIP, shares were purchased in the open market.

The following table reflects the shares distributed pursuant to the dividend reinvestment plan for the six months ended June 30, 2025:
Date DeclaredRecord DatePayment Date
Shares(1)
February 19, 2025March 31, 2025April 28, 2025
60,278
January 10, 2024February 12, 2025April 28, 2025
35,267
November 4, 2024December 31, 2024January 28, 2025
87,401
January 10, 2024November 11, 2024January 28, 2025
5,035
________________
(1)    In accordance with the Company's Amended DRIP, shares were purchased in the open market.
Prior Share Repurchase Plan
On March 5, 2024, the Company entered into a share repurchase plan (the “Prior Company 10b5-1 Plan”), which permitted the Company to purchase up to $99,275 in the aggregate of its outstanding shares of common stock in the open market at prices below its then-current NAV per share over a specified period. Any purchase of the shares pursuant to the Prior Company 10b5-1 Plan were conducted in accordance with the guidelines and conditions of Rule 10b-18 and Rule 10b5-1 under the Exchange Act. The Prior Company 10b5-1 Plan became effective on March 29, 2024, commenced on April 1, 2024 and was amended on March 28, 2025, which extended the Prior Company 10b5-1 Plan for an additional 12-month period and amended certain terms of the Prior Company 10b5-1 Plan as set forth in the guidelines therein. As a result of such amendment, the Prior Company 10b5-1 Plan would terminate upon the earliest to occur of (i) 12-months from March 29, 2025 (tolled for periods during which the Prior Company 10b5-1 Plan was suspended), (ii) the end of the trading day on which the aggregate purchase price for all shares of common stock purchased under the Prior Company 10b5-1 Plan equaled $99,275 and (iii) the occurrence of certain other events described in the Prior Company 10b5-1 Plan. On July 21, 2025, the aggregate purchase price for all shares of common stock purchased under the Prior Company 10b5-1 Plan reached $99,275, and the Prior Company 10b5-1 Plan was terminated in accordance with its terms on the same date.

The following table reflects the shares repurchased pursuant to the Prior Company 10b5-1 Plan for each month from inception through July 21, 2025, the date the Prior Company10b5-1 Plan terminated (amounts in thousands, except share and per share data):

PeriodTotal Number of Shares RepurchasedAverage Price Paid per ShareApproximate Dollar Value of Shares that have been Purchased Under the PlanApproximate Dollar Value of Shares that May Yet Be Purchased Under the Plan
April 1, 2024 - April 30, 2024104,075 $17.57 $1,828 $97,447 
May 1, 2024 - May 31, 202496,598 17.56 1,696 95,751 
June 1, 2024 - June 30, 202491,637 17.73 1,625 94,126 
July 1, 2024 - July 31, 202475,675 17.61 1,333 92,793 
August 1, 2024 - August 31, 2024154,668 17.24 2,666 90,127 
September 1, 2024 - September 30, 2024109,646 17.69 1,940 88,187 
October 1, 2024 - October 31, 2024155,122 17.27 2,680 85,508 
November 1, 2024 - November 30, 2024375,949 17.06 6,412 79,095 
December 1, 2024 - December 31, 2024780,004 17.11 13,349 65,746 
January 1, 2025 - January 31, 2025972,752 16.74 16,289 49,458 
February 1, 2025 - February 28, 2025490,615 17.44 8,557 40,900 
March 1, 2025 - March 31, 2025706,657 17.28 12,210 28,689 
April 1, 2025 - April 30, 2025805,272 15.32 12,334 16,356 
May 1, 2025 - May 31, 2025602,662 15.63 9,417 6,939 
June 1, 2025 - June 30, 2025261,220 16.27 4,250 2,689 
July 1, 2025 - July 21, 2025161,033 16.70 2,689 — 
Total5,943,585 $99,275 
Existing Share Repurchase Plan

On March 17, 2026, the Company entered into a new share repurchase plan (the “Company 10b5-1 Plan”), pursuant to which the Company may purchase up to $50,000 in the aggregate of its outstanding shares of common stock in the open market at prices below its then-current NAV per share over a specified period. Any purchases of shares pursuant to the Company 10b5-1 Plan are conducted in accordance with the guidelines and conditions of Rule 10b-18 and Rule 10b5-1 of the Exchange Act. The Company 10b5-1 Plan requires BofA Securities, Inc., as agent, to repurchase shares of common stock on the Company's behalf when the market price per share is below the most recently reported NAV per share (including any updates, corrections or adjustments publicly announced by the Company to any previously announced NAV per share). Under the Company 10b5-1 Plan, the agent will increase the volume of purchases made as the price of the shares declines, subject to volume restrictions. The timing and amount of any share repurchases will depend on the terms and conditions of the Company 10b5-1 Plan, the market price of the shares of the Company's
common stock and trading volumes, and no assurance can be given that any particular amount of shares of the common stock will be repurchased.

The Company 10b5-1 Plan became effective on March 24, 2026 and will terminate upon the earliest to occur of (i) the expiry of the 12-month period commencing on March 24, 2026 (tolled for periods during which the Company 10b5-1 Plan is suspended), (ii) the end of the trading day on which the aggregate purchase price for all shares of common stock purchased under the Company 10b5-1 Plan equals $50,000 and (iii) the occurrence of certain other events described in the Company 10b5-1 Plan.
As of June 30, 2026, the Company did not repurchase any shares under the Company 10b5-1 Plan.