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Note 11 - Distributions
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Equity [Text Block]

Note 11.         Distributions

 

The Company’s distributions are recorded on the declaration date. The following table summarizes the Company’s distribution activity for the years ended December 31, 2023 and 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)

 

Year Ended December 31, 2023

                    

10/27/2023

 

2/16/24

 

3/15/24

 $0.11  $—   —  $— 

10/27/2023

 

1/18/24

 

2/14/24

  0.11   3,462   15,873   210 

10/27/2023

 

12/19/23

 

1/16/24

  0.11   3,472   14,563   199 

10/27/2023

 

11/17/23

 

12/15/23

  0.05   1,574   7,137   93 

7/28/2023

 

11/17/23

 

12/15/23

  0.11   3,463   15,701   206 

7/28/2023

 

10/18/23

 

11/15/23

  0.11   3,493   14,022   173 

7/28/2023

 

9/19/23

 

10/16/23

  0.11   3,445   15,067   184 

4/28/2023

 

8/17/23

 

9/15/23

  0.11   3,458   8,665   106 

4/28/2023

 

7/18/23

 

8/15/23

  0.11   3,427   8,307   105 

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 
      $1.37  $38,418   127,486  $1,623 

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 February 23, 2024, the Board declared monthly distributions per share and a special distribution per share, payable as set forth in the following table:

 

Monthly distributions

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Distributions Declared

 

May 16, 2024

 

May 17, 2024

 

June 14, 2024

 $0.11 

April 17, 2024

 

April 18, 2024

 

May 15, 2024

 $0.11 

March 18, 2024

 

March 19, 2024

 

April 16, 2024

 $0.11 

 

Special distributions

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Distributions Declared

 

March 18, 2024

 

March 19, 2024

 

April 16, 2024

 $0.05 

 

After paying distributions of $1.37 per share deemed paid for tax purposes in 2023, declaring on October 27, 2023 a distribution of $0.11 per share payable January 16, 2024, and taxable earnings of $2.01 per share in 2023, the Company’s undistributed spillover income as of December 31, 2023 was $1.25 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.