v3.26.1
NET ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Dividends Declared
The following table summarizes the Company’s dividends declared on the Preferred Stock during the three most recent fiscal years, prior to the Preferred Stock Exchange. Unless otherwise noted, dividends were declared and paid, or are payable, in cash.
Date DeclaredRecord DatePayment DatePer Share Amount
2024
March 26, 2024March 29, 2024March 29, 2024$0.438 
June 25, 2024June 28, 2024June 28, 20240.438 
September 26, 2024September 30, 2024September 30, 20240.438 
December 11, 2024December 31, 2024December 31, 20240.438 
Total$1.752 
2025
March 12, 2025March 26, 2025March 27, 2025$0.413 
Total$0.413 
The following table summarizes updates to the Company’s dividend policy as of June 30, 2026.
Record DateBase Dividend Per Share
September 30, 2020$0.32 
September 30, 2022$0.34 
December 30, 2022$0.36 
March 31, 2023$0.37 
March 29, 2024$0.40 
June 30, 2026$0.35 
The following table summarizes the Company’s dividends declared on its common stock during the two most recent fiscal years and the current fiscal year to date:
Date DeclaredRecord DatePayment DatePer Common Share Amount
February 20, 2024March 29, 2024April 17, 2024$0.40 
February 20, 2024March 29, 2024April 17, 2024$0.08 
(1)
May 2, 2024June 28, 2024July 17, 2024$0.40 
May 2, 2024June 28, 2024July 17, 2024$0.07 
(1)
August 1, 2024September 30, 2024October 17, 2024$0.40 
August 1, 2024September 30, 2024October 17, 2024$0.07 
(1)
November 4, 2024December 31, 2024January 17, 2025$0.40 
November 4, 2024December 31, 2024January 17, 2025$0.05 
(1)
February 18, 2025March 24, 2025April 17, 2025$0.40 
February 18, 2025March 24, 2025April 17, 2025$0.05 
(1)
April 29, 2025June 30, 2025July 17, 2025$0.40 
July 29, 2025September 30, 2025October 17, 2025$0.40 
October 29, 2025December 31, 2025January 16, 2026$0.40 
February 18, 2026March 31, 2026April 16, 2026$0.40 
April 29, 2026June 30, 2026July 16, 2026$0.35 
(1)Represents a special/supplemental dividend.
Schedule of Stock by Class
The following table summarizes the shares of the Company’s common stock issued under the dividend reinvestment plan during the six months ended June 30, 2025:
Shares IssuedTotal Consideration
Six Months Ended June 30, 2025
January 17, 202550,728 $949 
Total50,728 $949 
The following table summarizes the shares of the Company’s common stock issued under the ATM offering during the six months ended June 30, 2025:
Shares IssuedGross Proceeds
Net Proceeds(1)
Six Months Ended June 30, 2025
March 28, 20256,075 $102 $101 
Total6,075 $102 $101 
(1)Represents the proceeds received after deducting the Placement Agents’ commissions and offering related expenses.
Summary of Changes in Net Assets
The following tables summarize capital activity during the three and six months ended June 30, 2026:
 
Common Stock
Capital in Excess of Par ValueOffering CostsAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
SharesAmount
Balance, April 1, 202670,270,936 $703 $1,345,512 $(1,633)$47,019 $(241,980)$(33,060)$1,116,561 
Repurchase of common stock(1,110,122)(11)(12,515)— — — — (12,526)
Net investment income (loss)— — — — 23,996 — — 23,996 
Net realized gain (loss)— — — — — (1,534)— (1,534)
Net change in unrealized appreciation (depreciation)— — — — — — (22,522)(22,522)
Dividends declared on common stock— — — — (24,227)— — (24,227)
Balance, June 30, 202669,160,814 $692 $1,332,997 $(1,633)$46,788 $(243,514)$(55,582)$1,079,748 
 
Common Stock
Capital in Excess of Par ValueOffering CostsAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
SharesAmount
Balance, January 1, 202671,807,190 $718 $1,363,998 $(1,633)$49,923 $(232,362)$(13,256)$1,167,388 
Repurchase of common stock(2,646,376)(26)(31,001)— — — — (31,027)
Net investment income (loss)— — — — 49,200 — — 49,200 
Net realized gain (loss)— — — — — (11,152)— (11,152)
Net change in unrealized appreciation (depreciation)— — — — — — (42,326)(42,326)
Dividends declared on common stock— — — — (52,335)— — (52,335)
Balance, June 30, 202669,160,814 $692 $1,332,997 $(1,633)$46,788 $(243,514)$(55,582)$1,079,748 
The following tables summarize capital activity during the three and six months ended June 30, 2025:
 
Common Stock
Capital in Excess of Par ValueOffering CostsAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
SharesAmount
Balance, April 1, 202572,902,981 $729 $1,380,976 $(1,633)$66,312 $(204,687)$(29,308)$1,212,389 
Net investment income (loss)— — — — 28,250 — — 28,250 
Net realized gain (loss)— — — — — (2,599)— (2,599)
Net change in unrealized appreciation (depreciation)— — — — — — (11,021)(11,021)
Dividends declared on common stock and preferred stock— — — — (29,161)— — (29,161)
Balance, June 30, 202572,902,981 $729 $1,380,976 $(1,633)$65,401 $(207,286)$(40,329)$1,197,858 
Preferred Stock
 
Common Stock
Capital in Excess of Par ValueOffering CostsAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
SharesAmountSharesAmount
Balance, January 1, 20252,000,000 $50,000 50,906,262 $509 $1,014,308 $(1,633)$68,440 $(185,346)$(41,074)$905,204 
Common stock issued, net of offering and underwriting costs— — 6,075 0 101 — — — — 101 
Common stock issued - CSL III Merger— — 18,935,108 189 315,649 — — — — 315,838 
Common stock issued - Preferred Stock Exchange(2,000,000)(50,000)3,004,808 30 49,970 — — — — — 
Dividend reinvestment— — 50,728 1 948 — — — — 949 
Net investment income (loss)— — — — — — 49,879 — — 49,879 
Net realized gain (loss)— — — — — — — (21,940)— (21,940)
Net change in unrealized appreciation (depreciation)— — — — — — — — 745 745 
Dividends declared on common stock and preferred stock— — — — — — (52,918)— — (52,918)
Balance, June 30, 2025— $— 72,902,981 $729 $1,380,976 $(1,633)$65,401 $(207,286)$(40,329)$1,197,858 
Schedule of Basic and Diluted Earnings Per Share
Basic and diluted earnings per common share were as follows:
Three Months Ended June 30,
20262025
BasicDilutedBasicDiluted
Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders
$(60)$(60)$14,630 $14,630 
Weighted average common shares outstanding69,542,646 69,542,646 72,902,981 72,902,981 
Basic and diluted earnings per share$0.00 $0.00 $0.20 $0.20 
Six Months Ended June 30,
20262025
BasicDilutedBasicDiluted
Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders$(4,278)$(4,278)$27,858 $28,684 
Weighted average common shares outstanding70,221,506 70,221,506 62,475,544 65,168,847 
Basic and diluted earnings per share$(0.06)$(0.06)$0.45 $0.44