For the Six Months Ended June 30,

($ in thousands)

2025

2024

Net increase (decrease) in net assets resulting from operations

$

(4,600

)

$

(1,887

)

Tax (benefit) provision on realized and unrealized gains (losses) on investments

209

(537

)

Net change in unrealized (appreciation) depreciation on investments

(2,725

)

5,895

Net realized (gain) loss

16,013

9,231

Book/tax differences on CLO equity investments

(143

)

(523

)

Book/tax differences related to mergers and partnership investments

(92

)

1,052

Other book/tax differences

352

—

Taxable income before deductions for distributions

$

9,014

$

13,231

Taxable income before deductions for distributions per weighted
   average basic and diluted shares for the period

$

0.98

$

1.42