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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
Summary of Shares Granted and Vested
A summary of shares awarded, forfeited, vested and unvested under the terms of the 2012 Plan from January 1, 2021 to December 31, 2023 is as follows:
 Number of SharesWeighted Average
Award Date
Fair Value
Unvested shares at December 31, 2020434,550 $6.15 
Shares awarded in 2021838,000 $3.45 
Shares vested / forfeited in 2021(426,930)$4.98 
Unvested shares at December 31, 2021845,620 $4.07 
Shares awarded in 2022847,000 $1.44 
Shares vested / forfeited in 2022(576,620)$3.24 
Unvested shares at December 31, 20221,116,000 $2.50 
Shares awarded in 2023960,000 $2.24 
Shares vested / forfeited in 2023(847,800)$2.53 
Unvested shares at December 31, 20231,228,200 $2.28 
Schedule of Dividends Declared and Paid
A summary of cash distributions paid to common shareholders, for federal income tax purposes, are as follows for the periods presented:
Annual PerCharacterization of Distribution
ShareTotalOrdinaryCapitalReturn of
YearDistributionDistributionIncomeGainCapital
2023$0.04 $9,595 — %— %100.0 %
2022$0.04 $9,568 — %14.0 %86.0 %
2021$0.04 $9,540 — %100.0 %— %