v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income        
Dividend income $ 7,800 $ 5,100 $ 14,400 $ 11,600
Total investment income 62,348 70,965 128,522 137,804
Expenses        
Interest and debt financing expenses 20,664 21,772 40,916 40,676
Base management fee 8,993 9,257 18,078 18,325
Incentive fee 801 5,446 6,419 7,668
Professional fees 612 714 1,312 1,428
Directors fees 180 182 360 356
Other general and administrative expenses 1,761 1,928 3,830 4,499
Total expenses, net of fee waivers 33,011 39,299 70,915 72,952
Net investment income before taxes 29,337 31,666 57,607 64,852
Income tax expense, including excise tax 732 1,076 1,638 2,152
Net investment income 28,605 30,590 55,969 62,700
Net realized and unrealized gains (losses)        
Net realized gain (loss) on non-controlled/non-affiliate investments     (23,531) (19,803)
Net realized gain (loss) on foreign currency transactions (889) 581 (823) 332
Net realized gain (loss) on forward currency exchange contracts (3,136) (1,409) (6,125) (3,814)
Net change in unrealized appreciation on foreign currency translation (227) 1,484 (362) 1,919
Net change in unrealized appreciation on forward currency exchange contracts 3,214 (15,074) 9,760 (17,147)
Net change in unrealized appreciation on investments     (17,443) 28,082
Total net gain (loss) (14,550) (6,868) (38,524) (10,431)
Net increase in net assets resulting from operations $ 14,055 $ 23,722 $ 17,445 $ 52,269
Earnings Per Share        
Basic and diluted net investment income per share of common stock $ 0.44 $ 0.47 $ 0.86 [1] $ 0.97 [1]
Basic increase in net assets resulting from operations per share of common stock 0.22 0.37 0.27 0.81
Diluted increase in net assets resulting from operations per share of common stock $ 0.22 $ 0.37 $ 0.27 $ 0.81
Basic weighted average common stock outstanding 64,868,507 64,868,507 64,868,507 64,772,881
Diluted weighted average common stock outstanding 64,868,507 64,868,507 64,868,507 64,772,881
Non-controlled/non-affiliate investments        
Income        
Interest from investments $ 37,795 $ 44,292 $ 77,128 $ 85,964
Dividend income 654 2,940 1,273 4,665
PIK income 7,531 7,501 16,236 14,107
Other income 1,767 4,158 3,243 6,991
Total investment income 47,747 58,891 97,880 111,727
Net realized and unrealized gains (losses)        
Net realized gain (loss) on non-controlled/non-affiliate investments (7,228) 4,861 (3,408) (16,125)
Net change in unrealized appreciation on investments (7,353) 7,507 (30,547) 31,500
Non-controlled/affiliate investments        
Income        
Interest from investments 36 127 38 135
PIK income 0 13 0 30
Other income 44 0 65 42
Total investment income 80 140 103 207
Net realized and unrealized gains (losses)        
Net realized gain (loss) on non-controlled/non-affiliate investments (6,598) (711) (6,598) (3,678)
Net change in unrealized appreciation on investments 8,405 (1,379) 8,895 (3,245)
Controlled affiliate investments        
Income        
Interest from investments 7,336 9,807 17,369 18,955
Dividend income 7,185 2,123 13,168 6,909
PIK income 0 4 2 6
Total investment income 14,521 11,934 30,539 25,870
Net realized and unrealized gains (losses)        
Net realized gain (loss) on non-controlled/non-affiliate investments (77) 0 (13,525) 0
Net change in unrealized appreciation on investments $ (661) $ (2,728) $ 4,209 $ (173)
[1] The per share data was derived by using the weighted average shares outstanding during the period.