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Financial Highlights (Tables)
 6 Months Ended
Jun. 30, 2025
Statement of Financial Position [Abstract]  
Schedule of Financial Highlights of the Company

The following table presents the schedule of financial highlights of the Company:

 

 

 

For the Six Months Ended

 

 

 

 

June 30, 2025

 

 

June 30, 2024

 

 

Per Share Data:(1)

 

 

 

 

NAV, beginning of period

 

$

13.41

 

 

$

14.62

 

 

Net investment income

 

 

0.80

 

 

 

1.14

 

 

Net realized and unrealized gains (losses)(2)

 

 

(0.19

)

 

 

(1.22

)

 

Income tax provision, realized and unrealized gains(3)

 

 

—

 

 

 

—

 

 

Net increase (decrease) in net assets from operations

 

 

0.61

 

 

 

(0.08

)

 

Repurchases of common stock, including commissions and direct acquisition costs

 

 

0.01

 

 

 

—

 

 

Issuance of common stock, net of underwriting and offering costs

 

 

—

 

 

 

0.03

 

 

Distributions to common stockholders

 

 

(1.01

)

 

 

(0.90

)

 

Total increase (decrease) in net assets

 

 

(0.39

)

 

 

(0.95

)

 

NAV, end of period

 

$

13.02

 

 

$

13.67

 

 

Market price, end of period

 

$

11.25

 

 

$

15.03

 

 

Shares outstanding, end of period

 

 

116,250,039

 

 

 

116,744,389

 

 

Weighted average shares outstanding

 

 

117,250,832

 

 

 

112,220,299

 

 

Total return based on NAV(4)

 

 

6.04

%

 

(0.70%)

 

 

Total return based on market value(5)

 

 

1.55

%

 

 

8.96

%

 

Supplemental Data/Ratio: (6)

 

 

 

 

 

 

 

Net assets, end of period

 

$

1,513,389

 

 

$

1,595,894

 

 

Ratio of net expenses (without incentive fees and interest and other debt expenses) to average net assets

 

 

3.10

%

 

 

3.09

%

 

Ratio of interest and other debt expenses to average net assets

 

 

7.13

%

 

 

7.09

%

 

Ratio of net incentive fees to average net assets

 

 

2.00

%

 

 

1.37

%

 

Ratio of total expenses to average net assets

 

 

12.23

%

 

 

11.55

%

 

Ratio of net investment income to average net assets

 

 

12.26

%

 

 

15.99

%

 

Portfolio turnover

 

 

11

%

 

 

13

%

 

 

(1)
The per share data was derived by using the weighted average shares outstanding during the applicable period that the shares were outstanding, except for distributions recorded, which reflects the actual amount per share for the applicable period.
(2)
The amount shown may not correspond for the period as it includes the effect of the timing of the distribution, the issuance and the repurchase of common stock.
(3)
Amount rounds to less than $0.01.
(4)
Calculated as the change in NAV per share during the respective periods, assuming dividends and distributions, if any, are reinvested in accordance with the Company’s DRIP.
(5)
Calculated as the change in market value per share during the respective periods, assuming dividends and distributions, if any, are reinvested in accordance with the Company’s DRIP.
(6)
Ratios are annualized.