Share Transactions

12 Months Ended

Dec. 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 years ended December 31, 2024, 2023 and 2022:

  

	Year Ended December 31,
	2024			2023			2022
	Shares	Amount		Shares	Amount		Shares	Amount
Stock Repurchase Program	—	$	—	(1,665,317)	$	(32)	(2,811,341)	$	(56)
Issuance of Common Stock	—	—		—	—		—	—
Net Proceeds from Share Transactions	—	$	—	(1,665,317)	$	(32)	(2,811,341)	$	(56)

During the year ended December 31, 2024, the administrator for the Company’s distribution reinvestment plan, or DRP, purchased 3,918,188 shares of common stock in the open market at an average price per share of $20.29 (totaling $80) pursuant to the DRP, and distributed such shares to participants in the DRP. During the year ended December 31, 2023, the administrator for the DRP purchased 3,130,194 shares of common stock in the open market at an average price per share of $18.88 (totaling $59) 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.

Stock 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 year ended December 31, 2023, the Company repurchased 1,665,317 shares of common stock pursuant to the Stock 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.