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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investment income:    
Total investment income $ 101,458 $ 99,101
Expenses:    
Interest and other financing expenses 34,179 27,260
Management fees 9,618 8,230
Income based incentive fees 9,843 11,336
Capital gains incentive fees 0 0
Professional fees 1,608 1,217
Directors’ fees 129 146
Administrative service fees 60 25
General and other expenses 182 108
Total expenses 55,619 48,322
Management fees waiver (Note 3) (641) (3,098)
Incentive fees waiver (Note 3) (375) (1,210)
Net expenses 54,603 44,014
Net investment income (loss) before taxes 46,855 55,087
Excise tax expense 627 436
Net investment income (loss) after taxes 46,228 54,651
Realized gain (loss):    
Net realized gain (loss) on non-controlled/non-affiliated investments 562 (5,625)
Foreign currency and other transactions (13) 0
Net realized gain (loss) 549 (5,625)
Net change in unrealized appreciation (depreciation):    
Net change in unrealized appreciation (depreciation) (17,107)  
Translation of assets and liabilities in foreign currencies (1) 0
Net unrealized appreciation (depreciation) (17,107) 2,658
Net realized and unrealized gain (loss) (16,558) (2,967)
Net increase (decrease) in net assets resulting from operations $ 29,670 $ 51,684
Net investment income (loss) per share (basic and diluted) (in dollars per share) $ 0.52 $ 0.63
Earnings per share - basic (in dollars per share) 0.34 0.59
Earnings per share - diluted (in dollars per share) $ 0.34 $ 0.59
Weighted average shares outstanding - basic (in shares) 88,413,652 87,358,527
Weighted average shares outstanding - diluted (in shares) 88,413,652 87,358,527
From non-controlled/non-affiliated investments:    
Investment income:    
Interest income $ 94,941 $ 94,631
Payment-in-kind income 4,188 2,644
Dividend income 594 565
Other income 1,695 1,261
Realized gain (loss):    
Net realized gain (loss) on non-controlled/non-affiliated investments 562 (5,625)
Net change in unrealized appreciation (depreciation):    
Net change in unrealized appreciation (depreciation) (17,148) 2,658
From non-controlled/affiliated investments:    
Investment income:    
Interest income 26 0
Payment-in-kind income 14 0
Net change in unrealized appreciation (depreciation):    
Net change in unrealized appreciation (depreciation) $ 42 $ 0