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v3.25.1

Distributions (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Schedule of Dividends Declared | The following table presents distributions per share that were declared during the year ended December 31, 2024 and the three months ended March 31, 2025:
|  | Distributions
Three Months Ended |  | Per Share |  | Amount
2024 |  |  |  |
March 31, 2024 (one record date) |  | $ | 0.34 |  |  | $ | 18,279 |
June 30, 2024 (two record dates) |  | 0.41 |  |  | 21,960 |
September 30, 2024 (one record date) |  | 0.36 |  |  | 19,234 |
December 31, 2024 (two record dates) |  | 0.41 |  |  | 21,835 |
Total distributions for the year ended December 31, 2024 |  | $ | 1.52 |  |  | $ | 81,308 |
2025 |  |  |  |
March 31, 2025 (one record date) |  | $ | 0.36 |  |  | $ | 19,149 |
Total distributions for the three months ended March 31, 2025 |  | $ | 0.36 |  |  | $ | 19,149 |
Schedule of Repurchases of Shares | The following table provides information concerning the Company’s purchases of shares of its common stock in the open market during the year ended December 31, 2024 and the three months ended March 31, 2025 pursuant to the DRP in order to satisfy the reinvestment portion of the Company’s distributions:
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 Publicly Announced Plans of Programs
2024 |  |  |  |  |  |  |  |
January 1 to January 31, 2024 |  | 92,108 |  |  | $ | 11.05 |  |  | 92,108 |  |  | (1)
February 1 to February 29, 2024 |  | — |  |  | — |  |  | — |  |  | — |
March 1 to March 31, 2024 |  | 170,571 |  |  | 11.09 |  |  | 170,571 |  |  | (1)
April 1 to April 30, 2024 |  | — |  |  | — |  |  | — |  |  | — |
May 1 to May 31, 2024 |  | — |  |  | — |  |  | — |  |  | — |
June 1 to June 30, 2024 |  | 135,440 |  |  | 12.44 |  |  | 135,440 |  |  | (1) |
July 1 to July 31, 2024 |  | 18,789 |  |  | 12.51 |  |  | 18,789 |  |  | (1) |
August 1 to August 31, 2024 |  | — |  |  | — |  |  | — |  |  | — |
September 1 to September 30, 2024 |  | 131,659 |  |  | 12.10 |  |  | 131,659 |  |  | (1) |
October 1 to October 31, 2024 |  | — |  |  | — |  |  | — |  |  | — |
November 1 to November 30, 2024 |  | — |  |  | — |  |  | — |  |  | — |
December 1 to December 31, 2024 |  | 130,792 |  |  | 11.85 |  |  | 130,792 |  |  | (1)
Total for the year ended December 31, 2024 |  | 679,359 |  |  | $ | 11.74 |  |  | 679,359 |  |  | (1)
2025 |  |  |  |  |  |  |  |
January 1 to January 31, 2025 |  | 19,368 |  |  | $ | 11.49 |  |  | 19,368 |  |  | (1) |
February 1 to February 28, 2025 |  | — |  |  | — |  |  | — |  |  | — |
March 1 to March 31, 2025 |  | — |  |  | — |  |  | — |  |  | — |
Total for the three months ended March 31, 2025 |  | 19,368 |  |  | $ | 11.49 |  |  | 19,368 |  |  | (1)
(1) See the description of the DRP above.
Schedule of Common Stock on Distributions | The following table reflects the sources of distributions on a GAAP basis that the Company has declared on its shares of common stock during the three months ended March 31, 2025 and 2024 and the year ended December 31, 2024:
|  | Three Months Ended March 31, |  | Year Ended December 31,
|  | 2025 |  | 2024 |  | 2024
Source of Distribution |  | Per Share |  | Amount |  | Percentage |  | Per Share |  | Amount |  | Percentage |  | Per Share |  | Amount |  | Percentage
Net investment income |  | $ | 0.36 |  |  | $ | 19,149 |  |  | 100.0 | % |  | $ | 0.34 |  |  | $ | 18,279 |  |  | 100.0 | % |  | $ | 1.52 |  |  | $ | 81,308 |  |  | 100.0 | %
Total distributions |  | $ | 0.36 |  |  | $ | 19,149 |  |  | 100.0 | % |  | $ | 0.34 |  |  | $ | 18,279 |  |  | 100.0 | % |  | $ | 1.52 |  |  | $ | 81,308 |  |  | 100.0 | %
Schedule of Investment Income, Accumulated Earnings (Loss) | The tax components of accumulated earnings or losses for the current year will be determined at year end. As of December 31, 2024, the components of accumulated losses on a tax basis were as follows:
| December 31, 2024
Undistributed ordinary income | $ | 2,607 |
Other accumulated losses(1) | (85,546) |
Net unrealized depreciation on investments | (116,078) |
Total accumulated losses | $ | (199,017) |
(1)Includes short term capital loss carryforwards of $0 and long term capital loss carryforwards of $82,446.

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