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Share Transactions (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Summary of Shares Issued

The following table summarizes the total shares issued and repurchased for the nine months ended September 30, 2025 and September 30, 2024.

 

 

Nine months ended September 30,

 

2025

 

2024

 

Shares

 

Amount

 

Shares

 

Amount

Balance at beginning of period

 

14,406,244

 

$

205,859,495

 

14,394,916

 

$

205,823,153

Issuance of common shares

 

—

 

 

—

 

—

 

 

—

Reinvestments of stockholder distributions

 

24,958

 

 

70,453

 

8,836

 

 

29,311

Share repurchases

 

—

 

 

—

 

—

 

 

—

Balance at end of period

 

14,431,202

 

$

205,929,948

 

14,403,752

 

$

205,852,464

 

 

On August 7, 2025, the Board authorized a new share repurchase program of up to $5 million (the "2025 Stock Repurchase Program") for a one-year period, effective August 7, 2025 and terminating on August 7, 2026. The 2025 Stock Repurchase Program may be suspended or discontinued at any time. Subject to these restrictions, the Company will selectively pursue opportunities to repurchase shares which are accretive to net asset value per share. No shares were repurchased under the share repurchase program as of September 30, 2025.