XML 70 R59.htm IDEA: XBRL DOCUMENT v3.24.2.u1
FINANCIAL HIGHLIGHTS (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
Per Share Data:          
Net asset value at beginning of period     $ 13.26 $ 14.02  
Net investment income     0.90 0.95  
Change in unrealized appreciation (depreciation) on investments     0.73 (0.51)  
Net realized loss     (0.75) (0.02)  
Benefit (provision) for taxes on net unrealized depreciation (appreciation) on investments     0.01 (0.01)  
Total from operations     0.89 0.41  
Sales load     (0.02) (0.03)  
Offering costs     (0.01) (0.01)  
Net investment income     (0.81) (0.81)  
Accretive effect of stock offerings (issuing shares above net asset value per share)     0.02 0.07  
Other     0.03 0.02  
Net asset value at end of period $ 13.36 $ 13.67 13.36 13.67  
Per share market value at end of period     $ 13.73 $ 14.07  
Total return based on market value     12.10% 11.10%  
Weighted average common shares, Basic (in shares) | shares 24,733,966 21,231,979 24,429,804 20,509,995  
Weighted average common shares, Diluted (in shares) | shares 24,733,966 21,231,979 24,429,804 20,509,995  
Ratio/Supplemental Data:          
Net assets at end of period | $ $ 347,185,493 $ 308,325,028 $ 347,185,493 $ 308,325,028 $ 319,939,788
Weighted average net assets | $ $ 325,868,428 $ 286,407,662 $ 325,868,428 $ 286,407,662  
Annualized ratio of gross operating expenses to net assets 19.90 22.00 19.90 22.00  
Annualized ratio of net operating expenses to net assets 18.77 22.00 18.77 22.00  
Annualized ratio of interest expense and other fees to net assets 9.78 11.26 9.78 11.26  
Annualized ratio of net investment income before fee waiver to net assets 12.43 13.72 12.43 13.72  
Annualized ratio of net investment income to net assets     13.56% 13.72%  
Portfolio turnover 16.31 10.29 16.31 10.29  
Notes payable | $ $ 100,000,000 $ 100,000,000 $ 100,000,000 $ 100,000,000  
Credit Facility payable | $ 169,438,912 171,455,223 169,438,912 171,455,223  
SBA-guaranteed debentures | $ $ 325,000,000 $ 313,600,000 $ 325,000,000 $ 313,600,000  
Asset coverage ratio 2.29 2.14 2.29 2.14  
Income tax benefit (provision) on net unrealized depreciation (appreciation) in taxable subsidiaries | $     $ 188,893 $ (144,113)  
Percentage impact of tax on net unrealized appreciation to net assets     0.0012% (0.001%)