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Dividends and Distributions | 6 Months Ended
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Jun. 30, 2024
Dividends and Distributions [Abstract] |
Dividends and Distributions | Note 8. Dividends and Distributions The Company’s dividends and distributions are recorded on the ex-dividend date. The following table summarizes the Company’s dividend declarations and distributions during the six months ended June 30, 2024 (since IPO):
Date Declared |  | Record Date |  | Payment Date |  | Amount Per Share |  |  | Cash Distribution |  |  | DRIP Shares Issued |  |  | DRIP Shares Value |
3/20/2024 |  | 3/28/2024 |  | 4/10/2024 |  | $ | 0.49 |  |  | $ | 12,893,635 |  |  |  | 185,344.20 |  |  | $ | 3,057,234 | (1)
5/7/2024 |  | 6/28/2024 |  | 7/16/2024 |  | $ | 0.42 |  |  | $ | 13,678,310 |  |  |  | - |  |  | $ | - |
6/20/2024 |  | 6/28/2024 |  | 7/16/2024 |  | $ | 0.05 |  |  | $ | 1,628,370 |  |  |  | - |  |  | $ | - |
(1) In accordance with the Company’s dividend reinvestment plan, 149,382 shares of the Company’s stock were purchased in the open market at an average price of $16.49. The Company issued the remaining 35,963 shares of common stock at the average open market price and shares were allocated to stockholders of the company participating in the dividend reinvestment plan.

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- Definition The entire disclosure of statutory restrictions on the payment of dividends as prescribed by the National Association of Insurance Commissioners or state regulatory authorities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/944-505/tableOfContent + Details
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