Distributions (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Equity [Abstract] |
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| Schedule of Dividends Declared |
The following table presents distributions per share that were declared during the year ended December 31, 2025 and the nine months ended September 30, 2026: | | | | | | | | | | | | | | | | | Distributions | | Three Months Ended | | Per Share | | Amount | | 2025 | | | | | March 31, 2025 (one record date) | | $ | 0.36 | | | $ | 19,149 | | June 30, 2025 (one record date) | | 0.36 | | | 18,934 | | September 30, 2025 (one record date) | | 0.36 | | | 18,726 | | December 31, 2025 (one record date) | | 0.36 | | | 18,552 | | | Total distributions for the year ended December 31, 2025 | | $ | 1.44 | | | $ | 75,361 | | | | | | | | 2026 | | | | | March 31, 2026 (three record dates) | | $ | 0.30 | | | $ | 15,242 | | June 30, 2026 (three record dates) | | 0.30 | | | 14,838 | | September 30, 2026 (three record dates) | | 0.30 | | | 14,761 | | | Total distributions for the nine months ended September 30, 2026 | | $ | 0.90 | | | $ | 44,841 | |
On August 3, 2026, the Company’s co-chief executive officers declared base distributions of $0.10 per share for each of October, November and December 2026, which were paid or will be payable to shareholders as follows: | | | | | | | | | | | | | | | | | | | | | | Declaration Date | | Record Date | | Payment Date | | Amount Per Share | | August 3, 2026 | | October 16, 2026 | | October 30, 2026 | | $ | 0.10 | | | August 3, 2026 | | November 13, 2026 | | November 27, 2026 | | 0.10 | | | August 3, 2026 | | December 11, 2026 | | December 28, 2026 | | 0.10 | | | | | | | | $ | 0.30 | |
On November 3, 2026, the Company’s co-chief executive officers declared base distributions totaling $0.25 per share for the first quarter of 2027, which will be payable to shareholders as follows: | | | | | | | | | | | | | | | | | | | | | | Declaration Date | | Record Date | | Payment Date | | Amount Per Share | | November 3, 2026 | | January 15, 2027 | | January 29, 2027 | | $ | 0.08 | | | November 3, 2026 | | February 12, 2027 | | February 26, 2027 | | 0.08 | | | November 3, 2026 | | March 12, 2027 | | March 26, 2027 | | 0.09 | | | | | | | | $ | 0.25 | |
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| Schedule of Repurchases of Shares |
The following table provides information concerning the Company’s purchases of shares of its common stock in the open market during the year ended December 31, 2025 and the nine months ended September 30, 2026 pursuant to the DRP in order to satisfy the reinvestment portion of the Company’s distributions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Period | | Total Number of Shares Purchased | | Average Price Paid per Share | | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | | Approximate Dollar Value of Shares That May Yet Be Purchased Under Publicly Announced Plans or Programs | | 2025 | | | | | | | | | | January 1 to January 31, 2025 | | 19,368 | | | $ | 11.49 | | | 19,368 | | | (1) | | | February 1 to February 28, 2025 | | — | | | — | | | — | | | — | | | March 1 to March 31, 2025 | | — | | | — | | | — | | | — | | | April 1 to April 30, 2025 | | 159,518 | | | 9.13 | | | 159,518 | | | (1) | | | May 1 to May 31, 2025 | | — | | | — | | | — | | | — | | | June 1 to June 30, 2025 | | 151,264 | | | 9.29 | | | 151,264 | | | (1) | | | July 1 to July 31, 2025 | | — | | | — | | | — | | | — | | | August 1 to August 31, 2025 | | — | | | — | | | — | | | — | | | September 1 to September 30, 2025 | | 136,868 | | | 10.07 | | | 136,868 | | | (1) | | | October 1 to October 31, 2025 | | — | | | — | | | — | | | — | | | November 1 to November 30, 2025 | | — | | | — | | | — | | | — | | | December 1 to December 31, 2025 | | 136,151 | | | 10.08 | | | 136,151 | | | (1) | | Total for the year ended December 31, 2025 | | 603,169 | | | $ | 9.67 | | | 603,169 | | | (1) | | | | | | | | | | | 2026 | | | | | | | | | | January 1 to January 31, 2026 | | 41,483 | | | $ | 9.21 | | | 41,483 | | | (1) | | | February 1 to February 28, 2026 | | 47,550 | | | 8.11 | | | 47,550 | | | (1) | | | March 1 to March 31, 2026 | | 58,144 | | | 6.83 | | | 58,144 | | | (1) | | | April 1 to April 30, 2026 | | 52,506 | | | 7.64 | | | 52,506 | | | (1) | | | May 1 to May 31, 2026 | | 56,934 | | | 6.89 | | | 56,934 | | | (1) | | | June 1 to June 30, 2026 | | 63,571 | | | 6.26 | | | 63,571 | | | (1) | | | July 1 to July 31, 2026 | | 61,251 | | | 6.31 | | | 61,251 | | | (1) | | | August 1 to August 31, 2026 | | 49,983 | | | 7.57 | | | 49,983 | | | (1) | | | September 1 to September 30, 2026 | | 52,751 | | | 7.15 | | | 52,751 | | | (1) | | | Total for the nine months ended September 30, 2026 | | 484,173 | | | $ | 7.22 | | | 484,173 | | | (1) |
(1) See the description of the DRP above.
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| Schedule of Common Stock on Distributions |
The following table reflects the sources of distributions on a GAAP basis that the Company has declared on its shares of common stock during the nine months ended September 30, 2026 and 2025 and the year ended December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended
September 30, | | Year Ended
December 31, | | | 2026 | | 2025 | | 2025 | | Source of Distribution | | Per Share | | Amount | | Percentage | | Per Share | | Amount | | Percentage | | Per Share | | Amount | | Percentage | | Net investment income | | $ | 0.90 | | | $ | 44,841 | | | 100.0 | % | | $ | 1.08 | | | $ | 56,809 | | | 100.0 | % | | $ | 1.44 | | | $ | 75,361 | | | 100.0 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total distributions | | $ | 0.90 | | | $ | 44,841 | | | 100.0 | % | | $ | 1.08 | | | $ | 56,809 | | | 100.0 | % | | $ | 1.44 | | | $ | 75,361 | | | 100.0 | % |
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| Schedule of Accumulated Losses On Tax Basis |
The tax components of accumulated earnings or losses for the current year will be determined at year end. As of December 31, 2025, the components of accumulated income (losses) on a tax basis were as follows: | | | | | | | December 31, 2025 | | Undistributed ordinary income | $ | 1,856 | | | Other accumulated losses(1) | (70,218) | | | | | Net unrealized depreciation on investments | (226,676) | | | Total accumulated losses | $ | (295,038) | |
(1)Includes short term capital loss carryforwards of $0 and long term capital loss carryforwards of $66,847.
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