XML 79 R66.htm IDEA: XBRL DOCUMENT v3.25.2
Financial Highlights (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Investment Company, Financial Highlights [Roll Forward]          
Net asset value, beginning balance (in dollars per share)     $ 15.43 $ 16.23 $ 16.23
Net investment income (in dollars per share) $ 0.32 $ 0.43 0.68 1.03 1.79
Net realized loss and net change in unrealized depreciation on investments and loss on foreign currency (in dollars per share)     (0.97) (0.49) (1.16)
Net (decrease) increase in net assets resulting from operations (in dollars per share)     (0.29) 0.54 0.63
Shareholder distributions:          
Distributions declared to stockholders from net investment income (in dollars per share)     (0.72) (0.75) (1.52)
Capital share transactions:          
Repurchases of common stock below net asset value (in dollars per share)     0.08 0.06 0.09
Net increase in net assets resulting from capital share transactions (in dollars per share)     0.08 0.06 0.09
Net asset value, ending balance (in dollars per share) $ 14.50 $ 16.08 $ 14.50 $ 16.08 $ 15.43
Shares of common stock outstanding at end of period (in shares) 52,303,842 53,525,623 52,303,842 53,525,623 53,189,269
Total investment return-net asset value     1.46% 5.49% 7.71%
Total investment return-market value     (9.36%) 14.10% 14.37%
Net assets at beginning of period     $ 820,810 [1] $ 879,563 $ 879,563
Net assets at end of period $ 758,610 [2] $ 860,806 758,610 [2] 860,806 820,810 [1]
Average net assets     $ 788,825 $ 873,342 $ 861,376
Ratio/Supplemental data:          
Ratio of net investment income to average net assets     9.25% 12.79% 11.13%
Ratio of net operating expenses to average net assets     18.44% 18.27% 18.18%
Portfolio turnover rate     5.77% 14.45% 25.85%
Total amount of senior securities outstanding     $ 1,117,344 $ 1,069,844 $ 1,117,344
Asset coverage ratio 168.00% 180.00% 168.00% 180.00% 173.00%
Number of shares (in shares) 1   1    
[1] Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CION Investment Management, LLC as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.
[2] Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CION Investment Management, LLC as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.