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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income:    
Interest income $ 283,264 $ 254,221
Fee income 233 876
Total investment income 303,959 264,938
Expenses:    
Interest expense 66,720 66,728
Management fees (Note 3) 26,040 24,696
Income based incentive fee payable 35,845 30,393
Capital gains incentive fee payable 3,134 (1,556)
Professional fees 951 1,188
Board of Trustees’ fees 222 225
Administrative service expenses (Note 3) 677 378
Other general and administrative 1,174 1,605
Total expenses before excise tax 134,763 123,657
Management fees waived (Note 3) 0 (6,174)
Incentive fees waived (Note 3) 0 (4,342)
Net expenses before excise tax 134,763 113,141
Net investment income before excise tax 169,196 151,797
Excise tax expense 3,350 2,622
Net investment income after excise tax 165,846 149,175
Net change in unrealized appreciation (depreciation):    
Net change in unrealized (appreciation) depreciation on investments 11,787 (11,403)
Translation of assets and liabilities in foreign currencies (21) (3,141)
Net change in unrealized appreciation (depreciation) 11,766 (14,544)
Net realized gain (loss):    
Non-controlled/non-affiliated investments 428 (3,486)
Foreign currency transactions 5,715 7,653
Net realized gain (loss) 6,143 4,167
Net realized and change in unrealized gain (loss) 17,909 (10,377)
Net increase (decrease) in net assets resulting from operations $ 183,755 $ 138,798
Net investment income (in usd per share) $ 0.87 $ 0.93
Earnings per share basic (in usd per share) 0.96 0.86
Earnings per share diluted (in usd per share) $ 0.96 $ 0.86
Weighted average shares outstanding basic (in shares) 190,599,849 160,501,868
Weighted average shares outstanding diluted (in shares) 190,599,849 160,501,868
Non-controlled/non-affiliated investments    
Investment income:    
Payment in-kind interest income $ 20,462 $ 9,841
Net change in unrealized appreciation (depreciation):    
Net change in unrealized (appreciation) depreciation on investments 11,475 (6,762)
Net realized gain (loss):    
Non-controlled/non-affiliated investments 428 (3,486)
Non-controlled/affiliated investments    
Net change in unrealized appreciation (depreciation):    
Net change in unrealized (appreciation) depreciation on investments $ 312 $ (4,641)