v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Interest income from investments $ 10,016 $ 10,710 $ 20,795 $ 21,716
Payment-in-kind interest income 969 2,235 1,945 3,055
Other income        
Expirations/terminations of unfunded commitments 109 415 528 507
Other fees 141 167 277 208
Total investment and other income 11,235 13,527 23,545 25,486
Operating expenses        
Base management fee 1,548 1,548 3,078 3,078
Income incentive fee 719 0 719 0
Interest expense and amortization of fees 2,241 4,151 4,453 8,272
Administration agreement expenses 562 569 1,143 1,120
General and administrative expenses 521 518 1,047 1,045
Total operating expenses 5,591 6,786 10,440 13,515
Net investment income, before taxes 5,644 6,741 13,105 11,971
Excise tax expense 150 0 250 23
Net investment income, after taxes 5,494 6,741 12,855 11,948
Net realized and unrealized gains/(losses)        
Net realized gains/(losses) on investments (7,499) (12,504) (7,251) (16,101)
Net realized gains/(losses) on foreign currency forward contracts 23 (732) (62) (255)
Net change in unrealized gains/(losses) on investments 2,818 9,490 13,704 (797)
Net change in unrealized gains/(losses) on foreign currency forward contracts (27) 22 79 (750)
Net realized and unrealized gain/(losses) (4,685) (3,724) 6,470 (17,903)
Net increase (decrease) in net assets resulting from operations $ 809 $ 3,017 $ 19,325 $ (5,955)
Net increase (decrease) in net assets resulting from operations per common share (in dollars per share) $ 0.03 $ 0.13 $ 0.81 $ (0.25)
Weighted average shares of common stock outstanding, Basic (in shares) 23,689,363 23,689,363 23,689,363 23,689,363
Weighted average shares of common stock outstanding, Diluted (in shares) 23,689,363 23,689,363 23,689,363 23,689,363