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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net increase (decrease) in net assets resulting from operations $ 15,920,731 $ 11,617,485
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized (gain) loss 177,456 1,811
Change in net unrealized (appreciation) depreciation of investments (7,412) (2,837,191)
Net amortization of investment discounts and premiums (2,030,994) (1,363,492)
Interest and dividend income paid in kind (863,984) (279,515)
Amortization of deferred debt issuance costs 160,981 94,278
Changes in assets and liabilities:    
Purchase of investments (167,064,372) (68,123,549)
Proceeds from disposition of investments 55,163,465 31,086,458
Decrease (increase) in interest, dividends and fees receivable (1,217,763) (585,204)
Decrease (increase) in receivable for investments sold (4,447,779) (1,099,100)
Decrease (increase) in prepaid expenses and other assets (632,648) 39,071
Increase (decrease) in interest and debt related payables 492,842 270,050
Increase (decrease) in incentive fees payable 1,246,143 0
Increase (decrease) in management fees payable 337,133 0
Increase (decrease) in reimbursements due to the Investment Adviser 208,415 60,109
Increase (decrease) in payable for investments purchased (3,716,959) (6,983,566)
Increase (decrease) in accrued expenses and other liabilities (357,142) 720,952
Net cash provided by (used in) operating activities (106,631,887) (37,381,403)
Financing activities    
Proceeds from common shares sold 88,562,273 26,985,992
Contribution received in advance 0 4,574,394
Draws on credit facilities 55,000,000 40,000,000
Repayments of credit facility draws (44,000,000) (36,000,000)
Payments of debt issuance costs (1,222,950) (19,253)
Dividends paid in cash to shareholders (3,745,928) (459,654)
Payments of repurchased shares (588,036) 0
Net cash provided by (used in) financing activities 94,005,359 35,081,479
Net increase (decrease) in cash and cash equivalents (including restricted cash) (12,626,528) (2,299,924)
Cash and cash equivalents (including restricted cash) at beginning of period 20,393,858 17,633,729
Cash and cash equivalents (including restricted cash) at end of period 7,767,330 15,333,805
Supplemental cash flow information    
Interest payments 6,146,265 3,020,273
Excise tax payments 73,753 18,395
Distribution payable 3,246,951 1,379,449
Reinvestment of dividends during the period $ 13,098,484 $ 6,709,771