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Note 10 - Distributions
 6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Equity [Text Block]

Note 10. Distributions

 

The Company’s distributions are recorded on the declaration date. The following table summarizes the Company’s distribution activity for the six months ended June 30, 2023 and for the year ended December 31, 2022:

 

              

DRIP

  

DRIP

 

Date

     

Amount

  

Cash

  

Shares

  

Share

 

Declared

 

Record Date

 

Payment Date

 

Per Share

  

Distribution

  

Issued

  

Value

 
      

(In thousands, except share and per share data)

 

Six Months Ended June 30, 2023

                    

4/28/2023

 

8/17/23

 

9/15/23

 $0.11  $—   —  $— 

4/28/2023

 

7/18/23

 

8/15/23

  0.11   —   —   — 

4/28/2023

 

6/16/23

 

7/14/23

  0.11   3,434   7,424   96 

2/23/2023

 

5/18/23

 

6/14/23

  0.11   3,087   7,128   86 

2/23/2023

 

4/18/23

 

5/16/23

  0.11   3,068   6,705   84 

2/23/2023

 

3/17/23

 

4/14/23

  0.11   3,035   6,894   81 
      $0.66  $12,624   28,151  $347 

Year Ended December 31, 2022

                    

10/28/2022

 

2/17/23

 

3/15/23

 $0.11  $3,040   6,764  $75 

10/28/2022

 

1/18/23

 

2/15/23

  0.11   3,021   5,754   74 

10/28/2022

 

12/19/22

 

1/13/23

  0.11   2,978   5,618   69 

10/28/2022

 

11/17/22

 

12/15/22

  0.05   1,319   2,171   27 

7/29/2022

 

11/17/22

 

12/15/22

  0.10   2,638   4,341   57 

7/29/2022

 

10/18/22

 

11/15/22

  0.10   2,580   4,621   60 

7/29/2022

 

9/19/22

 

10/14/22

  0.10   2,558   7,703   81 

4/29/2022

 

8/18/22

 

9/15/22

  0.10   2,528   4,925   60 

4/29/2022

 

7/19/22

 

8/16/22

  0.10   2,484   3,939   55 

4/29/2022

 

6/17/22

 

7/15/22

  0.10   2,434   4,286   51 

2/25/2022

 

5/18/22

 

6/15/22

  0.10   2,378   4,428   50 

2/25/2022

 

4/19/22

 

5/16/22

  0.10   2,349   4,088   49 

2/25/2022

 

3/18/22

 

4/14/22

  0.10   2,352   3,221   46 
      $1.28  $32,659   61,859  $754 

 

On July 28, 2023, the Board declared monthly distributions per share, payable as set forth in the following table:

 

Monthly distributions

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Distributions Declared

 

September 18, 2023

 

September 19, 2023

 

October 16, 2023

 $0.11 

October 17, 2023

 

October 18, 2023

 

November 15, 2023

 $0.11 

November 16, 2023

 

November 17, 2023

 

December 15, 2023

 $0.11 

 

After paying distributions of $0.33 per share and earning net investment income of $0.54 per share for the quarter, the Company’s undistributed spillover income as of June 30, 2023 was $1.02 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.