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EQUITY OFFERINGS AND RELATED EXPENSES (Tables)
3 Months Ended
Mar. 31, 2026
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

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Number of

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Gross

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Underwriting

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Offering

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Fees Covered

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Net

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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

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by Advisor

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Proceeds(3)

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Price

Year ended December 31, 2012

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12,035,023

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$

180,522,093

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$

4,959,720

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$

835,500

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$

—

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$

174,726,873

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$

14.90

Year ended December 31, 2013

 

63,998

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899,964

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—

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—

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—

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899,964

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14.06

Year ended December 31, 2014

 

380,936

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5,485,780

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75,510

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29,904

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—

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5,380,366

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14.47

Year ended December 31, 2017

 

3,465,922

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48,741,406

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1,358,880

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307,021

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—

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47,075,505

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14.06

Year ended December 31, 2018

 

7,931

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93,737

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93,737

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11.85

Year ended December 31, 2019

 

3,177,936

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45,862,995

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1,015,127

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559,261

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37,546

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44,326,153

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14.43

Year ended December 31, 2020

 

354,257

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5,023,843

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5,680

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84,592

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66,423

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4,999,994

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14.40

Year ended December 31, 2021

 

31,592

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449,515

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6,744

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53,327

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4,255

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393,699

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14.23

Year ended December 31, 2022

 

149,174

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2,070,935

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31,066

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530,842

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87,605

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1,596,632

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13.88

Year ended December 31, 2023

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4,458,873

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62,871,349

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943,248

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247,701

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477,088

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62,157,488

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14.10

Year ended December 31, 2024

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3,355,476

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46,494,756

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698,166

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435,390

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—

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45,361,200

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13.65

Year ended December 31, 2025

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1,466,136

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20,588,960

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308,998

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606,848

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—

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19,673,114

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13.83

Total

 

28,947,254

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$

419,105,333

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$

9,403,139

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$

3,690,386

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$

672,917

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$

406,684,725

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(1)Net of partial share transactions. Such share transactions impacted gross proceeds by ($94), $757, ($1,051), ($142), ($31) and ($29) in 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 three months ended March 31, 2026 and years ended December 31, 2025, 2024, 2023, 2022, 2021, 2019, 2017, 2016 and 2015, and $390,505, $938,385, and $113,000 for the years ended December 31, 2014, 2013, and 2012, respectively.
(3)Total Net Proceeds per this equity table will differ from the Consolidated Statements of Assets and Liabilities as of March 31, 2026 and December 31, 2025 in the amount of $8,825,985, which represents a cumulative 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).