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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Tax Character of Distributions | For income tax purposes, distributions made to the Company’s stockholders are reported as ordinary income, capital gains, or a combination thereof. The tax character of distributions made were as follows:
|  | For the Year Ended
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Distributions paid from: |  |  |  |  |  |
Ordinary income (including net short-term capital gains) |  | $ | 195,611 |  |  | $ | 168,975 |  |  | $ | 119,433 |
Net long-term capital gains |  | 118 |  |  | 316 |  |  | 4 |
Total taxable distributions |  | $ | 195,729 |  |  | $ | 169,291 |  |  | $ | 119,437 |
Schedule of Distributable Earnings | The following table shows the components of total distributable earnings (loss) as shown on the Consolidated Statements of Assets and Liabilities:
|  | As of
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Total distributable earnings (loss), beginning of period |  | $ | 8,459 |  |  | $ | (54,779) |  |  | $ | 15,782 |
Net investment income (loss) after taxes |  | 220,235 |  |  | 198,061 |  |  | 128,010 |
Net realized gain (loss) |  | (16,467) |  |  | 118 |  |  | 537 |
Net unrealized appreciation (depreciation) |  | 11,796 |  |  | 32,835 |  |  | (80,005) |
Dividends declared |  | (195,729) |  |  | (169,291) |  |  | (119,437) |
Tax reclassification of stockholders’ equity |  | 1,330 |  |  | 1,515 |  |  | 334 |
Total distributable earnings (loss), end of period |  | $ | 29,624 |  |  | $ | 8,459 |  |  | $ | (54,779) |
The book-to-tax differences relating to distributions made to the Company’s stockholders resulted in reclassifications among certain capital accounts as follows:
|  | As of
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Paid-in capital in excess of par value |  | $ | (1,330) |  |  | $ | (1,515) |  |  | $ | (334) |
Total distributable earnings (loss) |  | 1,330 |  |  | 1,515 |  |  | 334 |
Schedule of Cost of Investments | The cost and unrealized gain (loss) on the Company’s consolidated financial instruments, as calculated on a tax basis, were as follows (amounts calculated using book-to-tax differences as of the most recent fiscal year ended December 31, 2024, December 31, 2023 and December 31, 2022):
|  | As of
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Gross unrealized appreciation |  | $ | 38,155 |  |  | $ | 19,066 |  |  | $ | 6,529 |
Gross unrealized depreciation |  | (59,527) |  |  | (52,242) |  |  | (72,587) |
Net unrealized appreciation (depreciation) |  | $ | (21,372) |  |  | $ | (33,176) |  |  | $ | (66,058) |
Tax cost of investments at year end |  | $ | 3,813,066 |  |  | $ | 3,226,720 |  |  | $ | 2,939,635 |

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