v3.26.3
Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment income:        
Total interest income $ 42,627 $ 48,808 $ 126,394 $ 144,644
Total dividend income 11,372 14,177 37,298 39,512
Total fee and other income 3,726 4,004 10,131 12,459
Total payment-in-kind interest income 6,438 5,199 15,802 14,025
Total investment income 64,294 72,404 190,062 211,241
Operating expenses:        
Interest and other financing fees 20,282 21,508 59,146 63,882
Base management fee (Note 2) 7,841 8,415 24,063 24,626
Incentive management fees (Note 2) 6,333 5,634 16,014 24,489
General and administrative expenses (Note 2) 1,904 1,896 6,146 5,884
Total operating expenses 36,360 37,453 105,369 118,881
Net investment income before taxes 27,934 34,951 84,693 92,360
Income taxes, including excise tax expense 700 1,338 2,604 2,547
Net investment income after taxes 27,234 33,613 82,089 89,813
Net realized gains (losses):        
Net realized gains (losses) on investments (4,288) 1,615 (19,587) (27,200)
Credit support agreements 0 0 22,628 9,400
Foreign currency transactions 178 76 (1,975) 2,312
Forward currency contracts (672) (2,998) 2,165 (2,045)
Net realized gains (losses) (4,782) (1,307) 3,231 (17,533)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (487) (16,079) (16,501) 44,376
Credit support agreements (69) 1,600 (16,169) 2,950
Foreign currency transactions 757 (1,536) 6,058 (24,519)
Forward currency contracts 1,977 7,259 4,244 (18,401)
Net unrealized appreciation (depreciation) 2,178 (8,756) (22,368) 4,406
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements, foreign currency transactions and forward currency contracts (2,604) (10,063) (19,137) (13,127)
Net increase (decrease) in net assets resulting from operations $ 24,630 $ 23,550 $ 62,952 $ 76,686
Net investment income per share — basic (in dollars per share) $ 0.26 $ 0.32 $ 0.78 $ 0.85
Net investment income per share — diluted (in dollars per share) 0.26 0.32 0.78 0.85
Net increase (decrease) in net assets resulting from operations per share — basic and diluted (in dollars per share) 0.24 0.22 0.60 0.73
Dividends / distributions per share:        
Regular quarterly dividends / distributions, declared (in dollars per share) 0.26 0.26 0.78 0.78
Regular quarterly dividends / distributions, paid (in dollars per share) 0.26 0.26 0.78 0.78
Special dividends / distributions, declared (in dollars per share) 0 0.05 0 0.15
Special dividends / distributions, paid (in dollars per share) 0 0.05 0 0.15
Total dividends / distributions per share, declared (in dollars per share) 0.26 0.31 0.78 0.93
Total dividends/distributions per share, paid (in dollars per share) $ 0.26 $ 0.31 $ 0.78 $ 0.93
Weighted average shares outstanding — basic (in shares) 104,706,884 105,158,938 104,706,884 105,253,993
Weighted average shares outstanding — diluted (in shares) 104,706,884 105,158,938 104,706,884 105,253,993
Cash        
Investment income:        
Interest income from cash $ 131 $ 216 $ 437 $ 601
Non-Control / Non-Affiliate investments        
Investment income:        
Total interest income 40,369 47,746 119,168 141,272
Total dividend income 1,681 4,298 6,043 7,109
Total fee and other income 3,548 3,904 9,704 12,251
Total payment-in-kind interest income 3,792 4,401 11,570 12,156
Net realized gains (losses):        
Net realized gains (losses) on investments (3,055) 6,442 (18,285) 2,083
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments 2,779 (14,718) (7,466) 16,489
Affiliate investments        
Investment income:        
Total interest income 2,138 911 6,962 2,965
Total dividend income 9,691 9,879 31,255 29,586
Total fee and other income 177 57 378 161
Total payment-in-kind interest income 2,169 555 2,900 1,164
Net realized gains (losses):        
Net realized gains (losses) on investments (1,233) (4,833) (1,233) (4,833)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (5,300) 3,891 (5,848) 2,693
Control investments        
Investment income:        
Total interest income 120 151 264 407
Total dividend income 0 0 0 2,817
Total fee and other income 1 43 49 47
Total payment-in-kind interest income 477 243 1,332 705
Net realized gains (losses):        
Net realized gains (losses) on investments 0 6 (69) (24,450)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments $ 2,034 $ (5,252) $ (3,187) $ 25,194