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EQUITY OFFERINGS AND RELATED EXPENSES (Tables)
12 Months Ended
Dec. 31, 2025
EQUITY OFFERINGS AND RELATED EXPENSES  
Summary of number of common stock shares issued through various equity offerings and pursuant to DRIP

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Average

Number of

  ​ ​ ​

Gross

  ​ ​ ​

Underwriting

  ​ ​ ​

Offering

  ​ ​ ​

Fees Covered

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Net

  ​ ​ ​

Offering

Issuance of Common Stock

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Shares

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Proceeds(1)(2)

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Fees

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Expenses

by Advisor

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Proceeds(3)

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Price

Year ended December 31, 2012

12,035,023

$

180,522,093

$

4,959,720

$

835,500

$

$

174,726,873

$

14.90

Year ended December 31, 2013

 

63,998

899,964

899,964

14.06

Year ended December 31, 2014

 

380,936

 

5,485,780

 

75,510

 

29,904

 

5,380,366

14.47

Year ended December 31, 2017

 

3,465,922

 

48,741,406

 

1,358,880

 

307,021

 

47,075,505

14.06

Year ended December 31, 2018

 

7,931

 

93,737

 

 

 

93,737

11.85

Year ended December 31, 2019

 

3,177,936

 

45,862,995

 

1,015,127

 

559,261

37,546

 

44,326,153

14.43

Year ended December 31, 2020

 

354,257

 

5,023,843

 

5,680

 

84,592

66,423

 

4,999,994

14.40

Year ended December 31, 2021

 

31,592

 

449,515

 

6,744

 

53,327

4,255

 

393,699

14.23

Year ended December 31, 2022

 

149,174

 

2,070,935

 

31,066

 

530,842

87,605

 

1,596,632

13.88

Year ended December 31, 2023

4,458,873

62,871,349

943,248

247,701

477,088

62,157,488

14.10

Year ended December 31, 2024

3,355,476

46,494,756

698,166

435,390

45,361,200

13.65

Year ended December 31, 2025

1,466,136

20,588,960

308,998

606,848

19,673,114

13.83

Total

 

28,947,254

$

419,105,333

$

9,403,139

$

3,690,386

$

672,917

$

406,684,725

 

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(1)Net of partial share redemptions. Such share redemptions impacted gross proceeds by $94, $757, ($1,051), ($142), ($31) and ($29) for the years ended December 31, 2020, 2019, 2018, 2017, 2016 and 2015, respectively.
(2)Includes common shares issued under the DRIP of $228,943 and $94,788 during the years ended December 31, 2020 and 2018, respectively; $0 for the years ended December 31, 2025, 2024, 2023, 2021, 2019, 2017, 2016 and 2015, respectively; and $390,505, $938,385, and $113,000 for the years ended December 31, 2014, 2013, and 2012, respectively.
(3)Net Proceeds per this equity table will differ from the Consolidated Statements of Assets and Liabilities as of December 31, 2025, 2024, and 2023 in the amount of $8,825,985, $7,434,858 and $5,707,301, respectively, which represents a tax reclassification of stockholders’ equity in accordance with U.S. GAAP. This reclassification reduces paid-in capital and increases distributable earnings (increasing accumulated undistributed net investment income).