
	Three Months Ended March 31,
	2023			2022
Per Common Share
Per share NAV at beginning of period	$	12.93		$	14.36

Investment operations:
Net investment income before income taxes		0.44			0.34
Excise taxes		0.00			—
Net investment income		0.44			0.34
Net realized and unrealized gain (loss)		(0.05	)		(0.12	)
Total from investment operations		0.39			0.22

Cumulative effect adjustment for the adoption of ASU 2020-06 (5)		—			(0.01	)

Dividends to common shareholders		(0.32	)		(0.30	)

Per share NAV at end of period	$	13.00		$	14.27

Per share market price at end of period	$	10.30		$	14.30

Total return based on market value (1) (2)		(17.9	)%		8.1	%
Total return based on net asset value (1) (3)		3.0	%		1.5	%

Shares outstanding at end of period		57,767,264			57,767,264

Ratios to average common equity: (4)
Net investment income		15.8	%		11.2	%
Expenses before incentive fee		10.5	%		8.9	%
Expenses and incentive fee		11.2	%		9.4	%

Ending common shareholder equity	$	750,982,145		$	824,462,328
Portfolio turnover rate		1.2	%		6.2	%
Weighted-average debt outstanding	$	1,004,741,584		$	1,032,464,544
Weighted-average interest rate on debt		4.3	%		3.2	%
Weighted-average number of common shares		57,767,264			57,767,264
Weighted-average debt per share	$	17.39		$	17.87

(1)

Not annualized.

(2)

Total return based on market value equals the change in ending market value per share during share during the period plus declared dividends per share during the period, divided by the market value per share at the beginning of the period.

(3)

Total return based on net asset value equals the change in net asset value per share during the period plus declared dividends per share during the period, divided by the beginning net asset value per share.

(4)

Annualized, except for incentive compensation.

(5)

See Note 2 and 4 for further information related to the adoption of ASU 2020-06.