XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Investment income        
Payment-in-kind interest income     $ 2,114 $ 6,088
Total investment income $ 24,563 $ 29,138 76,370 85,292
Expenses        
Interest expense 7,945 7,107 24,046 21,407
Base management fee (Note 3) 2,989 3,213 9,178 9,621
Performance based incentive fee (Note 3) 0 0 295 3,094
Administrative fee (Note 3) 400 441 1,259 1,249
Professional fees 587 452 1,707 1,558
General and administrative 432 392 1,419 1,384
Total expenses 12,353 11,605 37,904 38,313
Net investment income before excise tax 12,210 17,533 38,466 46,979
Provision for excise tax 373 179 1,109 542
Net investment income 11,837 17,354 37,357 46,437
Net realized and unrealized loss        
Net realized gain (loss) on investments (33,894) (11,816) (31,422) (28,513)
Net unrealized appreciation (depreciation) on investments 29,335 (17,518) 864 (24,448)
Net realized and unrealized loss (4,559) (29,334) (30,558) (52,961)
Net increase (decrease) in net assets resulting from operations $ 7,278 $ (11,980) $ 6,799 $ (6,524)
Net investment income per common share (in dollars per share) $ 0.32 $ 0.53 $ 1.06 $ 1.54
Net increase (decrease) in net assets resulting from operations per common share (in dollars per share) 0.2 (0.37) 0.19 (0.22)
Distributions declared per share (in dollars per share) $ 0.33 $ 0.33 $ 1.04 $ 0.99
Weighted average shares outstanding (in shares) 36,571,000 32,451,900 35,200,189 30,155,287
Investment, Unaffiliated Issuer [Member]        
Investment income        
Interest income $ 22,779 $ 23,825 $ 71,549 $ 75,695
Fee income 1,382 124 2,661 2,255
Payment-in-kind interest income 161 3,777 1,554 5,930
Net realized and unrealized loss        
Net realized gain (loss) on investments (33,894) (11,816) (31,459) (28,513)
Net unrealized appreciation (depreciation) on investments 35,407 180 (2,094) (7,656)
Investment, Affiliated Issuer, Noncontrolled [Member]        
Investment income        
Interest income 0 1,246 0 1,246
Net realized and unrealized loss        
Net realized gain (loss) on investments 0 0 37 0
Net unrealized appreciation (depreciation) on investments (6,237) (19,055) 8,374 (18,149)
Investment, Affiliated Issuer, Controlled [Member]        
Investment income        
Interest income 25 8 46 8
Payment-in-kind interest income 216 158 560 158
Net realized and unrealized loss        
Net realized gain (loss) on investments 0 0 0 0
Net unrealized appreciation (depreciation) on investments $ 165 $ 1,357 $ (5,416) $ 1,357