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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net increase (decrease) in net assets resulting from operations $ 3,486,976 $ 66,488,228 $ (103,852,603)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Net realized (gain) loss (1,196,573) 19,077,032 115,988,233
Net change in unrealized (appreciation) depreciation of investments 25,748,420 (65,972,678) 22,223,284
Net change in unrealized (appreciation) depreciation on Interest Rate Swap 1,332,299 0 0
Net change in unrealized (appreciation) depreciation on foreign currency translation 0 285,360 (135,427)
Interest and dividend income paid in kind (1,914,521) (2,589,713) (6,541,115)
Net amortization of investment discounts and premiums (3,418,622) (2,487,926) (1,300,764)
Amortization of deferred debt issuance costs 1,071,844 1,565,241 1,977,676
Amortization of original issue discount 0 942,208 890,695
Changes in assets and liabilities:      
Purchase of investments (229,891,157) (272,247,211) (137,077,906)
Proceeds from disposition of investments 192,448,280 250,607,406 277,596,336
Decrease (increase) in interest, dividends and fees receivable (1,544,640) (1,744,206) 3,650,987
Decrease (increase) in due from broker (1,946,507) 0 0
Decrease (increase) in receivable for investments sold 678,454 4,748,957 (3,568,072)
Decrease (increase) in prepaid expenses and other assets 277,763 (379,112) (877,792)
Increase (decrease) in payable for investments purchased (11,079,407) 2,485,881 1,881,417
Increase (decrease) in interest and debt related payables 137,340 98,697 (254,790)
Increase (decrease) in management fees payable 64,021 (190,928) (937,746)
Increase (decrease) in income incentive fees payable 3,233,347 (1,679,595) 0
Increase (decrease) in accrued capital gains incentive fees (1,544,569) 1,544,569 0
Increase (decrease) in accrued administrative expenses 13,074 (4,839) 16,657
Increase (decrease) in accrued expenses and other liabilities 65,337 (1,109,062) 958,059
Net cash provided by (used in) operating activities (23,978,841) (561,691) 170,637,129
Financing activities      
Repayment of 2022 Convertible Notes (143,720,000) 0 0
Proceeds from issuance of 2025 Private Placement Notes 92,000,000 0 0
Draws on Credit Facility 230,000,000 137,000,000 135,800,000
Repayments of Credit Facility draws (122,000,000) (121,800,000) (271,400,000)
Dividends paid to common stockholders (29,448,663) (22,261,033) (22,755,572)
Repurchase of common shares (4,884,316) (2,192,527) (3,627,604)
Payments of debt issuance costs (1,187,111) (767,459) 0
Net cash provided by (used in) financing activities 20,759,910 (10,021,019) (161,983,176)
Net increase (decrease) in cash and cash equivalents (3,218,931) (10,582,710) 8,653,953
Cash and cash equivalents at beginning of period 12,750,121 23,332,831 14,678,878
Cash and cash equivalents at end of period 9,531,190 12,750,121 23,332,831
Supplemental cash flow information      
Interest payments 11,038,096 8,014,632 12,322,040
Tax payments 101,056 100,050 108,050
Share issuance — conversion of 2022 Convertible Notes 30,000 0 0
Share issuance - stock distribution and reinvestment $ 0 $ 0 $ 17,487,028