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Note 10 - Distributions
 3 Months Ended
Mar. 31, 2025
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 three months ended March 31, 2025 and for the year ended December 31, 2024:

 

              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) 

Three Months Ended March 31, 2025

                    

February 28, 2025

 

May 16, 2025

 

June 13, 2025

 $0.11  $—   —  $— 

February 28, 2025

 

April 16, 2025

 

May 15, 2025

  0.11   —   —   — 

February 28, 2025

 

March 17, 2025

 

April 15, 2025

  0.11   4,245   23,001   192 
      $0.33  $4,245   23,001  $192 

Year Ended December 31, 2024

                    

October 25, 2024

 

February 18, 2025

 

March 14, 2025

 $0.11  $4,280   16,954  $154 

October 25, 2024

 

January 16, 2025

 

February 14, 2025

  0.11   4,226   18,428   179 

October 25, 2024

 

December 16, 2024

 

January 15, 2025

  0.11   4,235   16,428   151 

July 26, 2024

 

November 15, 2024

 

December 13, 2024

  0.11   4,124   15,584   147 

July 26, 2024

 

October 17, 2024

 

November 14, 2024

  0.11   4,022   17,706   165 

July 26, 2024

 

September 16, 2024

 

October 16, 2024

  0.11   3,914   18,539   195 

April 26, 2024

 

August 16, 2024

 

September 13, 2024

  0.11   3,818   17,441   192 

April 26, 2024

 

July 17, 2024

 

August 15, 2024

  0.11   3,775   16,852   192 

April 26, 2024

 

June 17, 2024

 

July 16, 2024

  0.11   3,766   15,860   199 

February 23, 2024

 

May 17, 2024

 

June 14, 2024

  0.11   3,701   16,686   201 

February 23, 2024

 

April 18, 2024

 

May 15, 2024

  0.11   3,654   16,687   199 

February 23, 2024

 

March 19, 2024

 

April 16, 2024

  0.05   1,625   7,598   85 

February 23, 2024

 

March 19, 2024

 

April 16, 2024

  0.11   3,574   16,717   188 
      $1.37  $48,714   211,480  $2,247 

 

On April 25, 2025, 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

 

June 16, 2025

 

June 16, 2025

 

July 15, 2025

 $0.11 

July 16, 2025

 

July 16, 2025

 

August 15, 2025

 $0.11 

August 18, 2025

 

August 18, 2025

 

September 16, 2025

 $0.11 

 

After paying distributions of $0.33 per share and earning net investment income of $0.27 per share for the three months ended  March 31, 2025, the Company’s undistributed spillover income as of March 31, 2025 was $1.00 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.