The financial highlights below show the Company's results of operations for the nine months ended September 30, 2026 and 2025.
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For the Nine Months Ended September 30, |
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2026 |
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2025 |
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Per Common Share |
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Per share net asset value (“NAV”) at beginning of period |
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$ |
8.94 |
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$ |
9.57 |
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Investment operations: (1) |
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Net investment income |
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0.47 |
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0.63 |
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Net realized and unrealized gain (loss) |
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(0.44 |
) |
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(0.28 |
) |
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Total from investment operations |
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0.03 |
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0.35 |
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Ordinary income dividends |
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(0.52 |
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(0.40 |
) |
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Tax basis returns of capital |
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(1.00 |
) |
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— |
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Distributions to common shareholders |
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(1.52 |
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(0.40 |
) |
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Per share NAV at end of period |
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$ |
7.45 |
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$ |
9.52 |
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Total return based on net asset value: (2) |
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0.3 |
% |
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3.7 |
% |
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Shares outstanding at end of period |
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29,173,775 |
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29,173,775 |
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Ratios to average net asset value: (3) |
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Net investment income (4) |
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7.8 |
% |
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8.8 |
% |
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Expenses, before incentive fee |
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1.4 |
% |
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1.4 |
% |
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Expenses, net of incentive fee |
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1.4 |
% |
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1.5 |
% |
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Ending net asset value |
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$ |
217,351,989 |
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$ |
277,688,739 |
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Portfolio turnover rate |
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5.0 |
% |
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20.4 |
% |
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Weighted-average debt outstanding |
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$ |
110,000 |
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$ |
110,000 |
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Weighted-average interest rate on debt |
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12.0 |
% |
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12.0 |
% |
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Weighted-average number of shares of common stock |
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29,173,775 |
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27,871,142 |
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Weighted-average debt per share |
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$ |
0.00 |
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$ |
0.00 |
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(1)Per share changes in net asset value are computed based on the actual number of shares outstanding during the time such activity occurred. (2)Not annualized for periods less than one year. Total return based on net asset value equals the change in net asset value per share during the period plus declared dividends per share during the period, divided by the beginning net asset value per share at the beginning of the period. (3)Annualized for periods less than one year except for incentive fees and other certain non-recurring expenses. (4)Excludes incentive fees and excise taxes, if any.
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