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Directors' Expense | 9 Months Ended
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Sep. 30, 2025
Directors' Expense [Abstract] |
Directors' Expense | 10. DIRECTORS' EXPENSE The Company's i ndependent directors receive an annual fee of $77,000. They also receive reimbursement from the Company for any out-of-pocket expenses related to their service as members of the Board of Directors. In addition, the lead independent director will receive an annual fee of $10,000, the Chair of the Company’s Audit Committee will receive an annual fee of $10,000, the Chair of the Company’s Nominating and Corporate Governance Committee will receive an annual fee of $5,000 and the Chair of the Company’s Compensation Committee will receive an annual fee of $5,000. For the three and nine months ended September 30, 2025, the Company recognized directors’ expense of $0.2 million and $0.4 million, respectively. For the three and nine months ended September 30, 2024, the Company recognized directors’ expense of $0.1 million and $0.5 million, respectively. No compensation is expected to be paid to directors who are “interested persons” of the Company, as such term is defined in Section 2(a)(19) of the 1940 Act. Further, the Company's independent directors do not receive any stock-based compensation for their service as members of the Board and the Company’s directors who are employed by the Adviser or its affiliates do not receive any compensation for their service as members of the Board.

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