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DERIVATIVE INSTRUMENTS

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS

6. DERIVATIVE INSTRUMENTS

The Company enters into forward currency contracts from time to time to help mitigate the impact that an adverse change in foreign exchange rates would have on the value of the Company’s investments denominated in foreign currencies. As of June 30, 2023, the counterparties to these forward currency contracts were Canadian Imperial Bank of Commerce and Royal Bank of Canada. As of December 31, 2022, the counterparty to these forward currency contracts were Royal Bank of Canada.

Certain information related to the Company’s derivative instruments as of June 30, 2023 and December 31, 2022 is presented below.

			As of June 30, 2023
Derivative Instrument			Notional Amount									Maturity Date						Gross Amount of Recognized Assets						Gross Amount of Recognized Liabilities						Balance Sheet Location of Net Amounts
Foreign currency forward contract			£			166						7/28/2023						$	207					$	(210)					Accounts payable and other liabilities
Foreign currency forward contract			CAD			153						7/19/2023						116						(116)						Accounts payable and other liabilities
Foreign currency forward contract			€			132						7/28/2023						146						(143)						Other Assets
Foreign currency forward contract			CAD			87						7/28/2023						64						(65)						Accounts payable and other liabilities
Foreign currency forward contract			CAD			65						7/28/2023						48						(49)						Accounts payable and other liabilities
Foreign currency forward contract			NZD			59						7/28/2023						36						(36)						Accounts payable and other liabilities
Foreign currency forward contract			CAD			41						7/17/2023						31						(31)						Accounts payable and other liabilities
Foreign currency forward contract			CAD			36						7/10/2023						28						(28)						Accounts payable and other liabilities
Foreign currency forward contract			$			33						7/28/2023						26						(26)						Accounts payable and other liabilities
Total																		$	702					$	(704)

			As of December 31, 2022
Derivative Instrument			Notional Amount									Maturity Date						Gross Amount of Recognized Assets						Gross Amount of Recognized Liabilities						Balance Sheet Location of Net Amounts
Foreign currency forward contract			CAD			264						1/27/2023						$	195					$	(196)					Accounts payable and other liabilities
Foreign currency forward contract			CAD			242						1/18/2023						178						(179)						Accounts payable and other liabilities
Foreign currency forward contract			€			158						1/27/2023						159						(169)						Accounts payable and other liabilities
Foreign currency forward contract			£			125						1/27/2023						145						(151)						Accounts payable and other liabilities
Foreign currency forward contract			NZD			59						1/27/2023						34						(37)						Accounts payable and other liabilities
Foreign currency forward contract			CAD			17						1/27/2023						12						(12)						Accounts payable and other liabilities
Total																		$	723					$	(744)

Net realized gains (losses) on derivative instruments recognized by the Company for the three and six months ended June 30, 2023 and 2022 is in the following location in the consolidated statements of operations:

						For the Three Months Ended June 30,												For the Six Months Ended June 30,
Derivative Instrument			Statement Location			2023						2022						2023						2022
Foreign currency forward contract			Net realized gains (losses) from foreign currency and other transactions			$	(3)					$	24					(32)						$	14
Total						$	(3)					$	24					$	(32)					$	14

Net unrealized gains (losses) on derivative instruments recognized by the Company for the three and six months ended June 30, 2023 and 2022 is in the following location in the consolidated statements of operations:

						For the Three Months Ended June 30,												For the Six Months Ended June 30,
Derivative Instrument			Statement Location			2023						2022						2023						2022
Foreign currency forward contract			Net unrealized gains (losses) from foreign currency and other transactions			$	(8)					$	7					$	18					$	21
Total						$	(8)					$	7					$	18					$	21

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- References

No definition available.

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- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-5C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//815/tableOfContent

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