Share Transactions

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Share Transactions

Share Transactions

Below is a summary of transactions with respect to shares of the Company’s common stock during the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
	Shares	Amount	Shares	Amount
Share Repurchase Program	—	—	(1,665,317)	$	(32)
Net Proceeds from Share Transactions	—	—	(1,665,317)	$	(32)

During the three months ended March 31, 2024, the administrator for the Company’s distribution reinvestment plan, or DRP, purchased 784,075 shares of common stock in the open market at an average price per share of $20.67 (totaling $16) pursuant to the DRP, and distributed such shares to participants in the DRP. During the three months ended March 31, 2023, the administrator for the DRP purchased 761,191 shares of common stock in the open market at an average price per share of $18.20 (totaling $14) pursuant to the DRP, and distributed such shares to participants in the DRP. During the period from April 1, 2024 to April 30, 2024, the administrator for the DRP purchased 790,561 shares of common stock in the open market at an average price per share of $19.20 (totaling $15) pursuant to the DRP, and distributed such shares to participants in the DRP. For additional information regarding the terms of the DRP, see Note 5.

Share Repurchase Program

On October 31, 2022, the Company's board of directors approved a renewal of the previously approved stock repurchase program. The program provided for aggregate purchases of the Company’s common stock in an amount up to $54, which was the aggregate amount remaining of the $100 amount originally approved by the board of directors. During the three months ended March 31, 2023, the Company repurchased 1,665,317 shares of common stock pursuant to the share repurchase program at an average price per share (inclusive of commissions paid) of 18.89 (totaling $32). The program has concluded since the aggregate repurchase amount that was approved by the Company’s board of directors has been expended.