v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Payment-in-kind interest income $ 2,391,000 $ 2,264,000 $ 5,513,000 $ 4,629,000
Dividend income 0 116,000 0 116,000
Other income 129,000 539,000 403,000 914,000
Expenses:        
Interest and debt financing expenses 16,565,000 20,105,000 34,314,000 40,748,000
Management fees (See Note 6) 4,933,000 5,179,000 9,873,000 9,093,000
Incentive fees on net investment income (See Note 6) 646,000 2,827,000 2,181,000 5,080,000
Professional fees 1,007,000 1,108,000 1,770,000 1,601,000
Directors' fees 142,000 156,000 304,000 312,000
Administration fees (See Note 6) 593,000 490,000 1,273,000 1,076,000
Other general and administrative expenses 223,000 411,000 608,000 753,000
Total expenses before incentive fees waived 24,109,000 30,276,000 50,323,000 58,663,000
Incentive fees waived (See Note 6) 0 0 0 (2,253,000)
Net expenses after incentive fees waived 24,109,000 30,276,000 50,323,000 56,410,000
Net investment income 20,221,000 22,856,000 40,265,000 50,308,000
Realized and unrealized gain (loss) on investments:        
Net realized gain (loss) on non-controlled/non-affiliated company investments     (14,550,000) (9,599,000)
Net change in unrealized appreciation (depreciation):        
Non-controlled/non-affiliated company investments     (13,859,000) (9,803,000)
Net increase (decrease) in net assets resulting from operations $ 3,594,000 $ 16,016,000 $ 12,281,000 $ 31,037,000
Per share data:        
Net increase (decrease) in net assets resulting from operations per share - basic and diluted (in dollars per share) $ 0.07 $ 0.32 $ 0.25 $ 0.61
Weighted average common shares outstanding - basic (in shares) 49,387,065 50,183,714 49,387,065 51,191,926
Weighted average common shares outstanding - diluted (in shares) 49,387,065 50,183,714 49,387,065 51,191,926
Non-controlled/Non-affiliated        
Investment income:        
Interest income $ 41,810,000 $ 50,213,000 $ 84,672,000 $ 101,059,000
Payment-in-kind interest income 2,391,000 2,264,000 5,513,000 4,629,000
Dividend income 0 116,000 0 116,000
Other income 129,000 539,000 403,000 914,000
Total investment income 44,330,000 53,132,000 90,588,000 106,718,000
Realized and unrealized gain (loss) on investments:        
Net realized gain (loss) on non-controlled/non-affiliated company investments (11,261,000) (10,702,000) (14,550,000) (9,599,000)
Net change in unrealized appreciation (depreciation):        
Non-controlled/non-affiliated company investments (6,046,000) 3,770,000 (13,859,000) (9,803,000)
Income tax (provision) benefit 680,000 92,000 425,000 131,000
Total net change in unrealized appreciation (depreciation) (5,366,000) 3,862,000 (13,434,000) (9,672,000)
Total net realized and unrealized gain (loss) on investments $ (16,627,000) $ (6,840,000) $ (27,984,000) $ (19,271,000)