FINANCIAL HIGHLIGHTS (Tables)

3 Months Ended

Mar. 31, 2024

The following is a schedule of financial highlights for the three months ended March 31, 2024 and 2023:


	Three Months Ended March 31,
($ in thousands, except share and per share amounts)	2024			2023
Per share data:
Net asset value at beginning of period	$	22.27		$	21.66
Net investment income (1)	0.65			0.68
Net realized gain (loss) on investments / foreign currency transactions / forward currency contracts (1)	(0.36)			(0.35)
Net unrealized appreciation (depreciation) on investments / foreign currency transactions / forward currency contracts (1)	0.67			0.59
Total increase from investment operations (1)	0.96			0.92
Dividends paid to stockholders from net investment income	(0.64)			(0.57)
Dividends paid to stockholders from short-term realized gains	—			(0.03)
Total dividends declared	(0.64)			(0.60)








Net asset value at end of period	$	22.59		$	21.98
Shares outstanding at end of period	29,672,058			28,142,612
Net assets at end of period	$	670,241		$	618,439
Average net assets	$	658,852		$	609,288
Ratio of total expenses to average net assets (annualized) (2)	11.07		%	10.09		%
Ratio of net investment income to average net assets (annualized) (2)	11.54		%	12.39		%
Portfolio turnover ratio (annualized)	3.22		%	1.83		%
Total return (3)	4.35		%	4.29		%

(1)Weighted average per share data—basic and diluted; per share data was derived by using the weighted average shares outstanding during the applicable period.

(2)Does not include expenses of underlying investment companies, including joint ventures.

(3)Total return is calculated as the change in NAV per share during the period, divided by the beginning NAV per share and assumes reinvestment of dividends at prices obtained by the Company’s dividend reinvestment plan during the period.