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
Investment income:        
Total investment income $ 21,105 $ 22,686 $ 42,010 $ 45,576
Expenses:        
Base management fees (Note 7) 1,619 1,581 3,222 3,129
Income incentive fees (Note 7) 1,024 527 1,194 1,380
Professional fees 905 906 1,795 1,795
Administrator expenses 246 267 486 464
Interest expenses (Note 6) 7,150 7,616 14,542 15,590
Credit facility fees (Note 6) 318 323 609 625
Directors' fees and expenses (Note 9) 71 74 143 159
Insurance expenses 7 7 13 12
Other general and administrative expenses 105 172 225 314
Total expenses 11,445 11,473 22,229 23,468
Net investment income (loss) 9,660 11,213 19,781 22,108
Net realized gain (loss) on investments 254 0 (95) 0
Net change in unrealized appreciation (depreciation) on investments:        
Net change in unrealized appreciation (depreciation) on investments (2,742) (7,523) (11,327) (12,451)
Net realized and unrealized gains (losses) (2,488) (7,523) (11,422) (12,451)
Net increase (decrease) in net assets resulting from operations $ 7,172 $ 3,690 $ 8,359 $ 9,657
Per Common Share Information:        
Weighted average shares outstanding, Basic 41,537,571 41,529,909 41,537,160 41,528,578
Weighted average shares outstanding, Diluted 41,537,571 41,529,909 41,537,160 41,528,578
Net investment income per share basic $ 0.23 $ 0.27 $ 0.48 [1] $ 0.53 [1]
Net investment income per share diluted 0.23 0.27 0.48 0.53
Earnings per share basic 0.17 0.09 0.2 0.23
Earnings per share diluted $ 0.17 $ 0.09 $ 0.2 $ 0.23
Non-Controlled/Non-Affiliated Investments        
Investment income:        
Interest income $ 15,773 $ 17,204 $ 31,439 $ 34,445
Fee income 189 131 317 247
Total investment income 15,962 17,335 31,756 34,692
Expenses:        
Net realized gain (loss) on investments 254 0 (95) 0
Net change in unrealized appreciation (depreciation) on investments:        
Net change in unrealized appreciation (depreciation) on investments (3,820) (4,865) (12,064) (6,917)
Controlled Affiliated Investments        
Investment income:        
Interest income 5,143 5,351 10,254 10,884
Total investment income 5,143 5,351 10,254 10,884
Net change in unrealized appreciation (depreciation) on investments:        
Net change in unrealized appreciation (depreciation) on investments $ 1,078 $ (2,658) $ 737 $ (5,534)
[1]

(1) The per share data was derived by using the weighted average shares outstanding.