Nine months ended September 30,

2023

2022

(In thousands, except share and per share data)

Per share data:

Net asset value at beginning of period

$

11.47

$

11.56

Net investment income

1.54

1.06

Realized loss

(0.95

)

(0.40

)

Unrealized (depreciation) appreciation on investments

(0.81

)

0.05

Net increase in net assets resulting from operations

(0.22

)

0.71

Distributions declared ⁽¹⁾

(0.99

)

(0.90

)

From net investment income

(0.99

)

(0.90

)

From net realized gain on investments

—

Return of capital

—

Other ⁽²⁾

0.15

0.29

Net asset value at end of period

$

10.41

$

11.66

Per share market value, beginning of period

$

11.60

$

15.92

Per share market value, end of period

$

11.88

$

10.01

Total return based on a market value ⁽³⁾

10.9

%

(31.5

)%

Shares outstanding at end of period

33,306,958

26,393,773

Ratios to average net assets:

Expenses without incentive value ⁽⁴⁾

14.0

%

11.4

%

Incentive fees ⁽⁴⁾

1.2

%

3.0

%

Net expenses ⁽⁴⁾

15.2

%

14.4

%

Net investment income with incentive fees ⁽⁴⁾

18.5

%

12.1

%

Net assets at the end of the period

$

346,575

$

307,687

Average net asset value

$

335,531

$

280,904

Average debt per share

$

14.29

$

13.32

Portfolio turnover ratio

10.0

%

(5)

14.9

%

(5)