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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income    
Other Income $ 128 $ 0
Total investment income 40,009 39,310
Operating expenses    
Management fees 3,952 3,959
Incentive fees 4,668 4,563
Interest and other debt financing expenses 10,860 10,920
Professional fees 662 548
Administration agreement expenses 564 583
Insurance expense 208 268
Tax expense 2 50
Other expenses 429 173
Total operating expenses 21,345 21,064
Net investment income 18,664 18,246
Net realized and net change in unrealized gain (loss) on investments    
Net realized gain (loss) on investments, including U.S. Treasury Bills 0 (1,178)
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills (6,617) (5,084)
Net realized and unrealized gain (loss) on investments (6,617) (6,262)
Net increase (decrease) in net assets resulting from operations $ 12,047 $ 11,984
Net investment income per common share (basic and diluted) [1] $ 0.46 $ 0.45
Net increase (decrease) in net assets resulting from operations per common share (basic) 0.3 0.3
Net increase (decrease) in net assets resulting from operations per common share (diluted) $ 0.3 $ 0.3
Weighted average shares outstanding (basic) 40,392,255 40,509,269
Weighted average shares outstanding (diluted) 40,392,255 40,509,269
From Non-controlled/ Non-affiliated Investments    
Investment income    
Interest income $ 34,455 $ 34,853
Payment in-kind interest income 4,207 3,796
Dividend income 0 324
Fee income 620 45
Net realized and net change in unrealized gain (loss) on investments    
Net realized gain (loss) on investments, including U.S. Treasury Bills 0 (1,178)
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills (5,065) (1,421)
From affiliated investments    
Investment income    
Interest income 599 292
Net realized and net change in unrealized gain (loss) on investments    
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills (1,552) (5,986)
From controlled Investments    
Net realized and net change in unrealized gain (loss) on investments    
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills $ 0 $ 2,323
[1] All per share activity, excluding dividends, is calculated based on the weighted-average shares outstanding for the relevant period.