v3.26.1
Distributions and Dividend Reinvestment
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Distributions and Dividend Reinvestment Distributions and Dividend Reinvestment
The following tables reflects the distributions declared on the Company’s common stock for the six months ended June 30, 2026 and 2025 (amounts in thousands, except per share amounts):
Date DeclaredRecord DatePayment DateAmount Per ShareTotal Amount
3/12/20263/12/20264/27/2026$0.40 $9,810 
6/11/20266/11/20267/27/20260.41 11,166 
$0.81 $20,976 
Date DeclaredRecord DatePayment DateAmount per ShareTotal Amount
6/10/20256/10/20256/17/2025$0.30 $5,409 
$0.30 $5,409 
With respect to distributions, the Company has adopted an “opt out” dividend reinvestment plan (“DRIP”) for its shareholders. As a result, in the event of a declared cash distribution or other distribution, each shareholder that has not “opted out” of the DRIP will have their dividends or distributions automatically reinvested in additional shares of Common Stock rather than receiving cash distributions. Shareholders who receive distributions in the form of shares of Common Stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.
Pursuant to the DRIP, the following tables summarizes the amounts and shares issued to shareholders who have not opted out of the Company’s DRIP during the six months ended June 30, 2026 and 2025 (amounts in thousands, except share amounts):
Payment DateDRIP ValueDRIP Shares Issued
1/26/2026$7,688 465,930 
4/27/20266,751 419,089 
$14,439 
Payment DateDRIP ValueDRIP Shares Issued
6/17/2025$3,622 222,903 
$3,622 
During certain periods, our distributions may exceed our earnings. As a result, it is possible that a portion of the distributions we make may represent a return on capital. A return of capital generally is a shareholder’s investment rather than a return of earnings or gains derived from our investment activities. Each year, a statement on Form 1099-DIV identifying the tax character of the distributions will be mailed to our shareholders. The tax character of the distributions are not determined until our taxable year end.