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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment income        
Total investment income $ 25,678 $ 28,117 $ 51,807 $ 56,154
Expenses        
Interest expense 7,940 7,179 16,101 14,299
Base management fee (Note 3) 3,027 3,207 6,189 6,408
Performance based incentive fee (Note 3) 0 118 295 3,094
Administrative fee (Note 3) 426 368 859 808
Professional fees 455 447 1,120 1,106
General and administrative 559 546 987 992
Total expenses 12,407 11,865 25,551 26,707
Net investment income before excise tax 13,271 16,252 26,256 29,447
Provision for excise tax 357 179 736 363
Net investment income 12,914 16,073 25,520 29,084
Net realized and unrealized loss        
Net realized gain (loss) on investments 2,464 (16,529) 2,472 (16,697)
Net unrealized appreciation (depreciation) on investments (24,511) 608 (28,471) (6,929)
Net realized and unrealized loss (22,047) (15,921) (25,999) (23,626)
Net (decrease) increase in net assets resulting from operations $ (9,133) $ 152 $ (479) $ 5,458
Net investment income per common share (in dollars per share) $ 0.36 $ 0.54 $ 0.74 $ 1
Net (decrease) increase in net assets resulting from operations per common share (in dollars per share) (0.26) 0.01 (0.01) 0.19
Distributions declared per share (in dollars per share) $ 0.33 $ 0.33 $ 0.71 $ 0.66
Weighted average shares outstanding (in shares) 35,434,761 29,747,290 34,507,252 28,987,948
Investment, Unaffiliated Issuer [Member]        
Investment income        
Interest income $ 24,480 $ 26,624 $ 50,164 $ 54,023
Fee income 1,010 1,493 1,278 2,131
Net realized and unrealized loss        
Net realized gain (loss) on investments 2,424 (16,529) 2,435 (16,697)
Net unrealized appreciation (depreciation) on investments (23,287) 548 (37,501) (7,835)
Investment, Affiliated Issuer, Controlled [Member]        
Investment income        
Interest income 188 0 365 0
Net realized and unrealized loss        
Net realized gain (loss) on investments 0   0  
Net unrealized appreciation (depreciation) on investments (4,402) 0 (5,581) 0
Investment, Affiliated Issuer, Noncontrolled [Member]        
Net realized and unrealized loss        
Net realized gain (loss) on investments 40 0 37 0
Net unrealized appreciation (depreciation) on investments $ 3,178 $ 60 $ 14,611 $ 906