Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2024

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

The following is the quarterly results of operations for the years ended December 31, 2024 and 2023. The following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.


	Quarter Ended
	December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024
Investment income	$	27,584	$	22,407	$	15,260	$	11,420
Operating expenses
Net expenses and excise taxes	6,787		6,370		5,667		3,975
Net investment income	20,797		16,037		9,593		7,445
Realized and unrealized gain (loss)	843		1,974		3,666		2,128
Net increase (decrease) in net assets resulting from operations	$	21,640	$	18,011	$	13,259	$	9,573
Per share information-basic and diluted
Net investment income	$	0.82	$	0.87	$	0.81	$	0.83
Net increase (decrease) in net assets resulting from operations	$	0.85	$	0.98	$	1.12	$	1.06
Weighted average shares outstanding	25,252,664		18,447,883		11,782,694		8,983,810


	Quarter Ended
	December 31, 2023		September 30, 2023		June 30, 2023		March 31, 2023
Investment income	$	8,317	$	4,474	$	720	$	233
Operating expenses
Net expenses and excise taxes	1,766		1,281		652		—
Net investment income	6,551		3,193		68		233
Realized and unrealized gain (loss)	(112)		1,631		1,604		162
Net increase (decrease) in net assets resulting from operations	$	6,439	$	4,824	$	1,672	$	395
Per share information-basic and diluted
Net investment income	$	0.77	$	0.63	$	0.10	$	0.74
Net increase (decrease) in net assets resulting from operations	$	0.76	$	0.94	$	2.48	$	1.25
Weighted average shares outstanding	8,457,385		5,106,788		667,273		318,222

The sum of quarterly per share amounts does not necessarily equal per share amounts reported for the years ended December 31, 2024 and 2023. This is due to changes in the number of weighted-average shares outstanding and the effects of rounding for each period.

For the year ended December 31, 2024, 81.9% of distributions to holders of Common Shares qualified as interest related dividends for shareholders which are exempt from U.S. withholding tax applicable to non U.S. shareholders. For the year ended December 31, 2024, 79.9% of distributions qualified as excess interest income for purposes of Internal Revenue Code Section 163(j).