XML 46 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Distributions (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Reclassifications During the years ended December 31, 2022, December 31, 2021 and December 31, 2020, the Company's reclassifications of amounts for book purposes arising from permanent book/tax differences primarily related to return of capital distributions were as follows:
 Year Ended December 31,
 202220212020
Undistributed net investment income$33,152 $10,476 $18,182 
Distributions in excess of net realized gains(25,449)— — 
Additional paid-in-capital(7,703)(10,476)(18,182)
Schedule of Tax Character of Distributions The tax character of distributions paid by the Company for the years ended December 31, 2022, December 31, 2021 and December 31, 2020 were estimated to be as follows:
 Year Ended December 31,
 202220212020
Ordinary income (non-qualified)$86,388 $105,963 $101,547 
Ordinary income (qualified)— — — 
Capital gains25,449 — — 
Return of capital10,549 10,490 18,519 
Total$122,386 $116,453 $120,066 
The following information is hereby provided with respect to distributions declared during the calendar years ended December 31, 2022, December 31, 2021 and December 31, 2020:
Year Ended December 31,
(unaudited)202220212020
Distributions per share$1.22 $1.20 $1.24 
Ordinary dividends70.59 %90.99 %84.58 %
Long-term capital gains20.79 %— %— %
Qualified dividend income— %— %— %
Dividends received deduction— %— %— %
Interest-related dividends(1)64.49 %74.53 %79.13 %
Qualified short-term capital gains(1)— %— %— %
Return of capital8.62 %9.01 %15.42 %
(1)    Represents the portion of the taxable ordinary dividends eligible for exemption from U.S. withholding tax for
nonresident aliens and foreign corporations.
Schedule of Costs of Investments for Tax Purposes
As of December 31, 2022, December 31, 2021 and December 31, 2020, the costs of investments for the Company for tax purposes were $3,209,491, $3,114,145 and $2,950,729, respectively.
 December 31, 2022(1)(2)December 31, 2021(1)(2)December 31, 2020(1)(2)
Tax cost$3,209,491 $3,114,145 $2,950,729 
Gross unrealized appreciation on investments438,214 343,520 190,217 
Gross unrealized depreciation on investments(409,919)(298,616)(181,579)
Total investments at fair value$3,237,786 $3,159,049 $2,959,367 
(1)Includes securities purchased under collateralized agreement to resell.
(2)Excludes investments attributable to non-controlling interest in NMNLC.
Schedule of Components of Accumulated Earnings (Deficit) As of December 31, 2022, December 31, 2021 and December 31, 2020, the Company's components of accumulated earnings (deficit) on a tax basis were as follows:
 Year Ended December 31,
 202220212020
Accumulated capital gains (capital loss carryforwards)$— $(25,837)$(56,486)
Other temporary differences8,538 9,722 10,695 
Undistributed ordinary income— — — 
Unrealized (appreciation) depreciation(1,019)63,585 (2,973)
Total$7,519 $47,470 $(48,764)