v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment income        
Interest income from investments $ 17,569,000 $ 17,348,000 $ 55,160,000 $ 52,430,000
Payment-in-kind interest income 2,462,000 4,796,000 8,996,000 13,803,000
Other income        
Expirations/terminations of unfunded commitments 17,000 61,000 562,000 517,000
Other fees 125,000 451,000 375,000 1,636,000
Total investment and other income 20,173,000 22,656,000 65,093,000 68,386,000
Operating expenses        
Base management fee 3,564,000 3,359,000 10,771,000 9,952,000
Income incentive fee 0 2,062,000 3,161,000 3,321,000
Interest expense and amortization of fees 7,871,000 6,770,000 24,020,000 19,874,000
Administration Agreement expenses 740,000 649,000 2,182,000 1,880,000
General and administrative expenses 1,062,000 1,193,000 3,085,000 3,226,000
Total operating expenses before Income incentive fee waiver 13,237,000 14,033,000 43,219,000 38,253,000
Income incentive fee waiver 0 (2,062,000) (3,161,000) (3,321,000)
Total operating expenses net of Income incentive fee waiver 13,237,000 11,971,000 40,058,000 34,932,000
Net investment income before excise taxes 6,936,000 10,685,000 25,035,000 33,454,000
Excise tax expense (350,000) (375,000) (990,000) (1,131,000)
Net investment income after excise taxes 6,586,000 10,310,000 24,045,000 32,323,000
Net realized and unrealized gains/(losses)        
Net realized gains (losses) on investments: (26,400,000) (700,000) (13,800,000) 1,500,000
Net change in unrealized gains (losses) on investments: 18,100,000 5,600,000 4,846,000 7,255,000
Net realized and unrealized gains/(losses) (8,300,000) 4,923,000 (8,932,000) 8,772,000
Net increase (decrease) in net assets resulting from operations $ (1,714,000) $ 15,233,000 $ 15,113,000 $ 41,095,000
Per share information (basic and diluted)        
Net increase (decrease) in net assets per share (in dollars per share) $ (0.04) $ 0.38 $ 0.37 $ 1.02
Weighted average shares of common stock outstanding, Basic (in shares) 40,711 40,325 40,602 40,233
Weighted average shares of common stock outstanding, Diluted (in shares) 40,711 40,325 40,602 40,233
Regular distributions declared per share (in dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.83
Supplemental distributions declared per share (in dollars per share) 0.12 0 0.12 0
Total distributions declared per share, basic (in dollars per share) 0.35 0.23 0.81 0.83
Total distributions declared per share, Diluted (in dollars per share) $ 0.35 $ 0.23 $ 0.81 $ 0.83
Investment, Unaffiliated Issuer        
Net realized and unrealized gains/(losses)        
Net realized gains (losses) on investments: $ (26,421,000) $ (704,000) $ (13,778,000) $ 1,517,000
Net change in unrealized gains (losses) on investments: 18,211,000 5,627,000 5,395,000 7,255,000
Investment, Affiliated Issuer, Noncontrolled        
Net realized and unrealized gains/(losses)        
Net realized gains (losses) on investments: 0 0 0 0
Net change in unrealized gains (losses) on investments: $ (90,000) $ 0 $ (549,000) $ 0