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Net Assets (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Issuance of Common Stock

In connection with the issuance of its common stock, the Company issued and sold the following shares of common stock through ATM offerings:

 

 

For the Year Ended December 31,

 

 

 

2025

 

 

2024

 

2023

 

Gross Proceeds

 

$

 

 

$

111,043

 

$

 

Underwriting/Offering Expenses

 

 

 

 

 

(1,851

)

 

 

Net Proceeds

 

$

 

 

$

109,192

 

$

 

Number of Shares Issued

 

 

 

 

 

7,226,857

 

 

 

Average Sales Price per Share

 

$

 

 

$

15.37

 

$

 

Schedule of Distributions Declared on Common Stock The following table summarizes the distributions declared on shares of the Company’s common stock and shares distributed pursuant to the DRIP to stockholders who had not opted out of the DRIP:

Date Declared

 

Record Date

 

Payment Date

 

Amount Per Share

 

 

Shares

 

 

For the Year Ended December 31, 2025

 

 

 

 

 

 

 

 

 

February 26, 2025 (Base)

 

March 31, 2025

 

April 28, 2025

 

$

0.32

 

 

 

131,367

 

*

February 26, 2025 (Special)

 

March 31, 2025

 

April 28, 2025

 

$

0.16

 

 

 

65,684

 

*

May 7, 2025 (Supplemental)

 

May 30, 2025

 

June 13, 2025

 

$

0.05

 

 

 

20,996

 

*

May 7, 2025 (Base)

 

June 30, 2025

 

July 28, 2025

 

$

0.32

 

 

 

102,019

 

*

May 7, 2025 (Special)

 

June 30, 2025

 

July 28, 2025

 

$

0.16

 

 

 

51,010

 

*

August 6, 2025 (Supplemental)

 

August 29, 2025

 

September 15, 2025

 

$

0.03

 

 

 

11,190

 

*

August 6, 2025 (Base)

 

September 30, 2025

 

October 28, 2025

 

$

0.32

 

 

 

134,411

 

*

August 6, 2025 (Special)

 

September 30, 2025

 

October 28, 2025

 

$

0.16

 

 

 

67,206

 

*

November 5, 2025 (Supplemental)

 

November 28, 2025

 

December 15, 2025

 

$

0.04

 

 

 

19,941

 

*

November 5, 2025 (Base)

 

December 31, 2025

 

January 27, 2026

 

$

0.32

 

 

 

142,457

 

*

For the Year Ended December 31, 2024

 

 

 

 

 

 

 

 

 

February 21, 2024 (Base)

 

March 28, 2024

 

April 26, 2024

 

$

0.45

 

 

 

119,858

 

 

May 1, 2024 (Base)

 

June 28, 2024

 

July 26, 2024

 

$

0.45

 

 

 

132,515

 

 

August 8, 2024 (Base)

 

September 30, 2024

 

October 28, 2024

 

$

0.45

 

 

 

135,282

 

 

November 7, 2024 (Base)

 

December 31, 2024

 

January 27, 2025

 

$

0.45

 

 

 

136,377

 

*

For the Year Ended December 31, 2023

 

 

 

 

 

 

 

 

 

February 22, 2023 (Base)

 

March 31, 2023

 

April 27, 2023

 

$

0.45

 

 

 

101,249

 

*

May 3, 2023 (Base)

 

June 30, 2023

 

July 27, 2023

 

$

0.45

 

 

 

100,381

 

 

August 2, 2023 (Base)

 

September 30, 2023

 

October 27, 2023

 

$

0.45

 

 

 

128,366

 

*

November 1, 2023 (Base)

 

December 29, 2023

 

January 26, 2024

 

$

0.45

 

 

 

119,186

 

 

* In accordance with the Company’s DRIP, shares were purchased in the open market.

Schedule of Repurchases under 2025 10b5-1 Plan

For the year ended December 31, 2025, repurchases under the 2025 10b5-1 Plan were as follows:

Period

Total Number of Shares Repurchased

 

Average Price Paid per Share (including commissions)

 

Approximate Dollar Value of Shares that have been Purchased Under the Plan

 

Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan

 

January

 

 

$

 

$

 

$

 

February

 

 

 

 

 

 

 

 

March

 

 

 

 

 

 

 

 

April

 

 

 

 

 

 

 

 

May

 

 

 

 

 

 

 

 

June

 

1,047,183

 

 

11.55

 

 

12,095

 

 

62,905

 

July

 

2,136,943

 

 

11.73

 

 

25,068

 

 

37,837

 

August

 

 

 

 

 

 

 

 

September

 

 

 

 

 

 

 

 

October

 

 

 

 

 

 

 

 

November

 

1,538,637

 

 

9.71

 

 

14,946

 

 

22,891

 

December

 

5,392

 

 

9.94

 

 

54

 

 

22,837

 

Total

 

4,728,155

 

 

 

$

52,163