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NET ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Equity [Abstract] |
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 Stockholders Equity | The following table summarizes the total shares issued and proceeds received from the Company’s capital drawdowns delivered pursuant to the Subscription Agreements for the year ended December 31, 2023:
Share Issuance Date |  | Shares Issued |  | Amount
October 04, 2023 |  | 10,680,808 |  |  | $ | 220,238 |
Total |  | 10,680,808 |  |  | $ | 220,238 |
Schedule of Dividends Declared and Payable | The following table summarizes the Company’s distributions declared as well as the DRIP shares issued for the year ended December 31, 2024, and December 31, 2023:
Date Declared |  | Record Date |  | Payment Date |  | Per Share Amount |  |  |  | Shares(1) |
For the year ended December 31, 2024 |  |  |  |  |  |  |  |  |
February 29, 2024 |  | March 29, 2024 |  | April 25, 2024 |  | $ | 0.50 |  |  |  |  | 512,519 |  |
May 08, 2024 |  | June 28, 2024 |  | July 25, 2024 |  | 0.50 |  |  |  |  | 553,637 |  | (2)
January 11, 2024 |  | August 05, 2024 |  | October 25, 2024 |  | 0.10 |  |  |  |  | 111,159 |  | (2)(3)
August 06, 2024 |  | September 30, 2024 |  | October 25, 2024 |  | 0.50 |  |  |  |  | 546,673 |  | (2)
January 11, 2024 |  | November 04, 2024 |  | January 24, 2025 |  | 0.10 |  |  |  |  | 101,485 |  | (2)(3)
November 04, 2024 |  | December 31, 2024 |  | January 24, 2025 |  | 0.50 |  |  |  |  | 473,635 |  | (2)
|  |  |  |  |  | $ | 2.20 |  |  |  |  | 2,299,108 |  |
For the year ended December 31, 2023 |  |  |  |  |  |  |
March 28, 2023 |  | March 28, 2023 |  | April 25, 2023 |  | $ | 0.50 |  |  |  |  | 482,721 |  |
June 27, 2023 |  | June 27, 2023 |  | July 25, 2023 |  | 0.57 |  |  |  |  | 554,001 |  | (4)
September 26, 2023 |  | September 26, 2023 |  | October 25, 2023 |  | 0.60 |  |  |  |  | 579,388 |  | (5)
December 28, 2023 |  | December 28, 2023 |  | January 25, 2024 |  | 0.60 |  |  |  |  | 615,660 |  | (5)
|  |  |  |  |  | $ | 2.27 |  |  |  |  | 2,231,770 |  |
(1) In connection with the distributions with payment dates on January 25, 2024 and January 25, 2023, 615,660 and 445,235 DRIP shares were issued, respectively. (2) In accordance with the Company’s DRIP, shares were purchased in the open market. (3) Represents a special distribution declared by the Board on January 11, 2024. (4) Includes a supplemental distribution of $0.07. (5) Includes a supplemental distribution of $0.10.
Schedule of Shares Repurchased Under Company 10b5-1 Plan | The following table summarizes the shares repurchased under the Company 10b5-1 Plan during the year ended December 31, 2024:
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 the Program (in millions)
July 1, 2024 - July 31, 2024 |  | 39,344 |  |  | $ | 19.99 |  |  | 39,344 |  |  | $ | 99.2 |
August 1, 2024 - August 31, 2024 |  | 217,796 |  |  | 20.10 |  |  | 217,796 |  |  | 94.8 |
September 1, 2024 - September 30, 2024 |  | 172,513 |  |  | 20.04 |  |  | 172,513 |  |  | 91.4 |
October 1, 2024 - October 31, 2024 |  | 187,607 |  |  | 19.99 |  |  | 187,607 |  |  | 87.6 |
November 1, 2024 - November 30, 2024 |  | 307,336 |  |  | 20.34 |  |  | 307,336 |  |  | 81.9 |
December 1, 2024 - December 31, 2024 |  | — |  |  | — |  |  | — |  |  | 81.9 |
Total Repurchases |  | 924,596 |  |  |  |  | 924,596 |  |  |

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