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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net Interest Income    
Interest income $ 40,857 $ 35,642
Interest expense (includes $3,318 and $3,443 on securitized debt held by affiliates, respectively) 36,502 31,359
Net Interest Income 4,355 4,283
Other Income (Loss)    
Realized gain (loss), net (82,818) 12,145
Unrealized gain (loss), net 90,316 (38,903)
Gain (loss) on derivative instruments, net (950) 6,936
Other, net 57 (145)
Other Income (Loss) 6,605 (19,967)
Expenses    
Management fee to affiliate 976 1,100
Other operating expenses 286 296
Transaction costs 643 2,611
General and administrative expenses:    
Compensation expense 511 498
Professional fees 1,415 1,256
Other general and administrative expenses 549 736
Total general and administrative expenses 2,475 2,490
Total Expenses 4,380 6,497
Income (loss) before income taxes 6,580 (22,181)
Income tax provision 12 56
Net income (loss) 6,568 (22,237)
Net income attributable to non-controlling interest 1 3,616
Net income (loss) attributable to common stockholders and participating securities $ 6,567 $ (25,853)
Net income (loss) per common share — basic (in dollars per share) [1] $ 1.07 $ (4.29)
Net income (loss) per common share — diluted (in dollars per share) [1] $ 1.07 $ (4.29)
[1] Amounts have been adjusted to reflect the one-for-ten reverse stock split effected July 11, 2022. See Note 2,"Basis of Presentation and Summary of Significant Accounting Policies" and Note 12, "Stockholders' Equity" to the consolidated financial statements contained in this Quarterly Report on Form 10-Q for additional details.