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Distributions (Tables)
3 Months Ended
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 EndedPer ShareAmount
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:
PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsApproximate Dollar Value of Shares That May Yet Be Purchased Under Publicly Announced Plans of Programs
2024
January 1 to January 31, 202492,108 $11.05 92,108 (1)
February 1 to February 29, 2024— — — — 
March 1 to March 31, 2024170,571 11.09 170,571 (1)
April 1 to April 30, 2024— — — — 
May 1 to May 31, 2024— — — — 
June 1 to June 30, 2024135,440 12.44 135,440 (1)
July 1 to July 31, 202418,789 12.51 18,789 (1)
August 1 to August 31, 2024— — — — 
September 1 to September 30, 2024131,659 12.10 131,659 (1)
October 1 to October 31, 2024— — — — 
November 1 to November 30, 2024— — — — 
December 1 to December 31, 2024130,792 11.85 130,792 (1)
    Total for the year ended December 31, 2024679,359 $11.74 679,359 (1)
2025
January 1 to January 31, 202519,368 $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, 202519,368 $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,
202520242024
Source of DistributionPer ShareAmountPercentagePer ShareAmountPercentagePer ShareAmountPercentage
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.