Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Changes in Net Assets

v3.25.2
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2025
Apr. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period (in shares)       40,240,358     40,240,358  
Balance at beginning of period   $ 718,940 $ 718,940 $ 624,903 $ 618,521 $ 622,307 $ 624,903 $ 622,307
Issuances of common stock, net of underwriting and offering costs       90,532 2,500 2,500    
Dividend reinvestment (in shares)             593,449 574,423
Dividend reinvestment     4,679 4,496 4,632 4,493 $ 9,175 $ 9,125
Common stock repurchased (in shares) 0 (9,921)            
Common stock repurchased     (146)   (6,182) (6,547)    
Net increase in net assets resulting from operations     16,289 15,875 18,129 10,589 $ 32,164 28,717
Dividends to stockholders     $ (16,974) (16,866) (14,425) (14,821)    
Balance at ending of period (in shares) 47,148,802   47,148,802       47,148,802  
Balance at ending of period $ 722,788   $ 722,788 $ 718,940 $ 623,175 $ 618,521 $ 722,788 $ 623,175
Common Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period (in shares) [1]   46,849,531 46,849,531 40,240,358 40,056,294 40,054,433 40,240,358 40,054,433
Balance at beginning of period [1]   $ 47 $ 47 $ 40 $ 40 $ 40 $ 40 $ 40
Issuances of common stock, net of underwriting and offering costs (in shares) [1]       6,325,000 157,629 157,034    
Issuances of common stock, net of underwriting and offering costs [1]       $ 6        
Dividend reinvestment (in shares) [1]     309,276 284,173 291,938 282,485    
Dividend reinvestment [1]       $ 1 $ 1 $ 1    
Common stock repurchased (in shares) [1]     (10,005)   (435,190) (437,658)    
Common stock repurchased [1]         $ (1) $ (1)    
Balance at ending of period (in shares) [1] 47,148,802   47,148,802 46,849,531 40,070,671 40,056,294 47,148,802 40,070,671
Balance at ending of period [1] $ 47   $ 47 $ 47 $ 40 $ 40 $ 47 $ 40
Additional Paid-In Capital                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period   784,601 784,601 689,580 686,622 686,176 689,580 686,176
Issuances of common stock, net of underwriting and offering costs       90,526 2,500 2,500    
Dividend reinvestment     4,679 4,495 4,631 4,492    
Common stock repurchased     (146)   (6,181) (6,546)    
Balance at ending of period 789,134   789,134 784,601 687,572 686,622 789,134 687,572
Total Overdistributed Earnings                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period   $ (65,708) (65,708) (64,717) (68,141) (63,909) (64,717) (63,909)
Net increase in net assets resulting from operations     16,289 15,875 18,129 10,589    
Dividends to stockholders     (16,974) (16,866) (14,425) (14,821)    
Balance at ending of period $ (66,393)   $ (66,393) $ (65,708) $ (64,437) $ (68,141) $ (66,393) $ (64,437)
[1] As discussed in Note A.3. — Reverse Stock Split, the Company completed a two-for-one reverse stock split, effective as of December 16, 2024.