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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment income:        
Payment-in-kind interest income $ 1,529 $ 551 $ 3,521 $ 872
Dividend income 33 24 341 40
Other income 509 234 726 470
Expenses:        
Interest and debt financing expenses 18,721 14,298 35,662 27,041
Management fees (See Note 5) 3,590 2,475 6,854 4,781
Incentive fees on net investment income 3,075 0 7,534 0
Professional fees 693 964 1,403 1,554
Directors' fees 127 95 255 191
Administration fees (See Note 5) 484 350 1,026 659
Other general and administrative expenses 466 357 743 528
Total expenses before expense support and Incentive fees waived 27,156 18,539 53,477 34,754
Expense support (See Note 5) 0 (144) 0 (158)
Incentive fees waived (See Note 5) (3,075) 0 (7,534) 0
Net Expenses after expense support 24,081 18,395 45,943 34,596
Net investment income 31,008 18,706 60,741 36,465
Realized and unrealized gain (loss) on investments:        
Net realized gain (loss) on non-controlled/non-affiliated company investments     (2,608) 6,699
Net change in unrealized appreciation (depreciation):        
Non-controlled/non-affiliated company investments     (8,045) (15,379)
Net increase (decrease) in net assets resulting from operations $ 20,205 $ 14,306 $ 50,229 $ 27,023
Per share data:        
Net investment income per share - basic (in dollars per share) $ 0.57 $ 0.61 $ 1.13 $ 1.23
Net investment income per share - diluted (in dollars per share) 0.57 0.61 1.13 1.23
Net increase (decrease) in net assets resulting from operations per share - basic and diluted (in dollars per share) $ 0.37 $ 0.47 $ 0.93 $ 0.91
Weighted average common shares outstanding - basic (in shares) 54,789,044 30,621,009 53,773,698 29,679,378
Weighted average common shares outstanding - diluted (in shares) 54,789,044 30,621,009 53,773,698 29,679,378
Non-controlled/Non-affiliated        
Investment income:        
Interest income $ 53,018 $ 36,292 $ 102,096 $ 69,679
Payment-in-kind interest income 1,529 551 3,521 872
Dividend income 33 24 341 40
Other income 509 234 726 470
Total investment income 55,089 37,101 106,684 71,061
Realized and unrealized gain (loss) on investments:        
Net realized gain (loss) on non-controlled/non-affiliated company investments 1,017 218 (2,608) 6,699
Net change in unrealized appreciation (depreciation):        
Non-controlled/non-affiliated company investments (12,102) (4,242) (8,045) (15,379)
Income tax (provision) benefit 282 (376) 141 (762)
Total net change in unrealized gain (loss) (11,820) (4,618) (7,904) (16,141)
Total net realized and unrealized gain (loss) on investments $ (10,803) $ (4,400) $ (10,512) $ (9,442)