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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment Income:        
Paid-in-kind interest     $ 4,132 $ 1,715
Total investment income $ 48,951 $ 46,741 99,312 86,023
Expenses:        
Interest and other debt financing costs 15,931 15,273 31,535 27,642
Management fees 5,034 5,010 10,014 9,468
Income based incentive fees 4,603 4,349 9,541 8,041
Professional fees 451 427 897 737
Directors’ fees 151 138 308 306
Other general and administrative expenses 678 753 1,305 1,478
Total expenses 26,848 25,950 53,600 47,672
Management fees waiver (33) (50) (71) (96)
Income based incentive fees waiver 0 (71) (36) (159)
Net expenses 26,815 25,829 53,493 47,417
Net investment income before taxes 22,136 20,912 45,819 38,606
Provision for income and excise taxes 433 340 800 541
Net investment income 21,703 20,572 45,019 38,065
Net realized gain (loss) on:        
Foreign currency transactions (508) (58) (519) (58)
Net change in unrealized appreciation (depreciation) on:        
Net realized and unrealized gains (losses) on investments (1,499) 1,413 2,851 (8,515)
Benefit (provision) for taxes on realized gain on investments       252
Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments 181 595 520 555
Net increase (decrease) in net assets resulting from operations $ 20,385 $ 22,580 $ 48,390 $ 30,357
Per common share data:        
Net increase (decrease) in net assets resulting from operations per share (basic): $ 0.55 $ 0.61 $ 1.31 $ 0.87
Net increase (decrease) in net assets resulting from operations per share (diluted): 0.55 0.61 1.31 0.87
Net investment income per share (basic): 0.59 0.56 1.21 1.09
Net investment income per share (diluted): $ 0.59 $ 0.56 $ 1.21 $ 1.09
Weighted average shares outstanding (basic): 37,061,547 37,061,547 37,061,547 34,776,074
Weighted average shares outstanding (diluted): 37,061,547 37,061,547 37,061,547 34,776,074
Foreign Currency Forward Contracts        
Net realized gain (loss) on:        
Foreign currency transactions $ 1,776   $ 3,223  
Foreign currency forward contracts 1,776   3,223  
Net change in unrealized appreciation (depreciation) on:        
Foreign currency forward contracts (1,964) $ (578) (2,320) $ (1,239)
Non-controlled Non-affiliated Investments        
Investment Income:        
Interest income 41,973 41,255 85,536 75,501
Paid-in-kind interest 2,060 650 3,215 1,268
Dividend income 2 75 395 79
Other income 779 181 1,667 228
Net realized gain (loss) on:        
Net realized gain (loss) on investments (5,332) (6,494) (6,935) (6,243)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation 7,191 10,010 12,061 4,456
Non-controlled Affiliated Investments        
Investment Income:        
Interest income 1,099 740 1,791 1,352
Paid-in-kind interest 67 186 509 235
Dividend income   551 287 1,179
Other income 16 149 16 149
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation 966 174 1,194 539
Controlled Investments        
Investment Income:        
Interest income 312 154 611 320
Paid-in-kind interest       192
Dividend income 2,640 2,800 5,280 5,520
Other income 3   5  
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation $ (3,628) $ (1,641) $ (3,853) $ (5,970)