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Distributions (Tables)
12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Net Assets During the years ended December 31, 2023, December 31, 2022 and December 31, 2021, 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,
 202320222021
Undistributed net investment income$(5,367)$33,152 $10,476 
Distributions in excess of net realized gains898 (25,449)— 
Additional paid-in-capital4,469 (7,703)(10,476)
The table below illustrates the effect of certain transactions on the net asset accounts of the Company during the years ended December 31, 2023, December 31, 2022 and December 31, 2021:
Accumulated Overdistributed Earnings
 Common StockPaid in
Capital in Excess of Par
Accumulated
Net Investment
Income
Accumulated
Net Realized
Gains (Losses)
Net
Unrealized
Appreciation
(Depreciation)
Total
Net Assets of NMFC
Non-Controlling Interest in NMNLCTotal
Net Assets
 SharesPar Amount
Net assets at December 31, 202096,827,342 $968 $1,269,671 $105,981 $(88,250)$(66,495)$1,221,875 $15,014 $1,236,889 
Issuances of common stock1,080,099 11 14,644 — — — 14,655 — 14,655 
Offering costs— — (231)— — — — (231)— (231)
Distributions declared— — — (116,453)— — (116,453)(1,222)(117,675)
Contributions related to non-controlling interest in NMNLC— — — — — — — 1,792 1,792 
Net increase (decrease) in net assets resulting from operations— — — 117,514 (3,849)87,734 201,399 5,783 207,182 
Tax reclassifications related to return of capital distributions (See Note 10)— — (11,288)11,288 — — — — — 
Net assets at December 31, 202197,907,441 $979 $1,272,796 $118,330 $(92,099)$21,239 $1,321,245 $21,367 $1,342,612 
Issuances of common stock3,029,585 30 41,074 — — — 41,104 — 41,104 
Offering costs— — (222)— — — (222)— (222)
Distributions declared— — — (122,386)— — (122,386)(9,569)(131,955)
Contributions related to non-controlling interest in NMNLC— — — — — — — 124 124 
Net increase (decrease) in net assets resulting from operations— — — 118,497 49,476 (93,241)74,732 (204)74,528 
Tax reclassifications related to return of capital distributions (See Note 10)— — (7,703)33,152 (25,449)— — — — 
Net assets at December 31, 2022100,937,026 $1,009 $1,305,945 $147,593 $(68,072)$(72,002)$1,314,473 $11,718 $1,326,191 
Issuances of common stock1,621,833 17 21,224 — — — 21,241 — 21,241 
Offering costs— — (369)— — — (369)— (369)
Distributions declared— — — (150,737)— — (150,737)(693)(151,430)
Contributions related to non-controlling interest in NMNLC— — — — — — — — — 
Net increase (decrease) in net assets resulting from operations— — — 158,918 (32,841)9,266 135,343 747 136,090 
Tax reclassifications related to return of capital distributions (See Note 10)— — 4,469 (5,367)898 — — — — 
Net assets at December 31, 2023102,558,859 $1,026 $1,331,269 $150,407 $(100,015)$(62,736)$1,319,951 $11,772 $1,331,723 
Schedule of Tax Character of Distributions The tax character of distributions paid by the
Company for the years ended December 31, 2023, December 31, 2022 and December 31, 2021 were estimated to be as follows:
 Year Ended December 31,
 202320222021
Ordinary income (non-qualified)$140,397 $86,388 $105,963 
Ordinary income (qualified)10,340 — — 
Capital gains— 25,449 — 
Return of capital— 10,549 10,490 
Total$150,737 $122,386 $116,453 
The following information is hereby provided with respect to distributions declared during the calendar years ended December 31, 2023, December 31, 2022 and December 31, 2021:
Year Ended December 31,
202320222021
Distributions per share$1.49 $1.22 $1.20 
Ordinary dividends93.14 %70.59 %90.99 %
Long-term capital gains— %20.79 %— %
Qualified dividend income6.86 %— %— %
Dividends received deduction6.86 %— %— %
Interest-related dividends(1)88.43 %64.49 %74.53 %
Qualified short-term capital gains(1)— %— %— %
Return of capital— %8.62 %9.01 %
(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, 2023, December 31, 2022 and December 31, 2021, the costs of investments for the Company for tax purposes were $2,927,312, $3,209,491 and $3,114,145, respectively.
 December 31, 2023(1)(2)December 31, 2022(1)(2)December 31, 2021(1)(2)
Tax cost$2,927,312 $3,209,491 $3,114,145 
Gross unrealized appreciation on investments466,794 438,214 343,520 
Gross unrealized depreciation on investments(366,284)(409,919)(298,616)
Total investments at fair value$3,027,822 $3,237,786 $3,159,049 
(1)Includes securities purchased under collateralized agreement to resell.
(2)Excludes investments attributable to non-controlling interest in NMNLC.
Schedule of Components of Accumulated Earnings (Deficit)
As of December 31, 2023, December 31, 2022 and December 31, 2021, the Company's components of accumulated earnings (deficit) on a tax basis were as follows:
 Year Ended December 31,
 202320222021
Accumulated capital loss carryforwards$(84,427)$— $(25,837)
Other temporary differences6,986 8,538 9,722 
Undistributed ordinary income4,522 — — 
Unrealized depreciation (appreciation)60,575 (1,019)63,585 
Total$(12,344)$7,519 $47,470