Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Changes in Net Assets

v3.25.3
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jul. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 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   $ 722,788 $ 722,788 $ 718,940 $ 624,903 $ 623,175 $ 618,521 $ 622,307 $ 624,903 $ 622,307
Issuances of common stock from public offering, net of underwriting and offering costs         90,532 2,000 2,500 2,500    
Dividend reinvestment (in shares)                 893,443 853,383
Dividend reinvestment     4,596 4,679 4,496 4,453 4,632 4,493 $ 13,771 $ 13,578
Common stock repurchased (in shares) (135,227,000) 0                
Common stock repurchased     (2,539) (146)   (4,036) (6,182) (6,547)    
Net increase in net assets resulting from operations     26,529 16,289 15,875 7,371 18,129 10,589 $ 58,693 36,089
Dividends to stockholders     $ (17,016) (16,974) (16,866) (14,478) (14,425) (14,821)    
Balance at ending of period (in shares) 47,268,027   47,268,027           47,268,027  
Balance at ending of period $ 734,358   $ 734,358 $ 722,788 $ 718,940 $ 618,485 $ 623,175 $ 618,521 $ 734,358 $ 618,485
Common Stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance at beginning of period (in shares) [1]   47,148,802 47,148,802 46,849,531 40,240,358 40,070,671 40,056,294 40,054,433 40,240,358 40,054,433
Balance at beginning of period [1]   $ 47 $ 47 $ 47 $ 40 $ 40 $ 40 $ 40 $ 40 $ 40
Issuances of common stock, net of underwriting and offering costs (in shares)         6,325,000 [1] 125,314 157,629 [1] 157,034 [1]    
Issuances of common stock from public offering, net of underwriting and offering costs [1]         $ 6          
Dividend reinvestment (in shares)     299,994 [1] 309,276 [1] 284,173 [1] 278,960 291,938 [1] 282,485 [1]    
Dividend reinvestment         $ 1 [1] $ 1 $ 1 [1] $ 1 [1]    
Common stock repurchased (in shares)     (180,769) [1] (10,005) [1]   (257,499) (435,190) [1] (437,658) [1]    
Common stock repurchased           $ (1) $ (1) [1] $ (1) [1]    
Balance at ending of period (in shares) 47,268,027 [1]   47,268,027 [1] 47,148,802 [1] 46,849,531 [1] 40,217,446 40,070,671 [1] 40,056,294 [1] 47,268,027 [1] 40,217,446
Balance at ending of period $ 47 [1]   $ 47 [1] $ 47 [1] $ 47 [1] $ 40 $ 40 [1] $ 40 [1] $ 47 [1] $ 40
Additional Paid-In Capital                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance at beginning of period   789,134 789,134 784,601 689,580 687,572 686,622 686,176 689,580 686,176
Issuances of common stock from public offering, net of underwriting and offering costs         90,526 2,000 2,500 2,500    
Dividend reinvestment     4,596 4,679 4,495 4,452 4,631 4,492    
Common stock repurchased     (2,539) (146)   (4,035) (6,181) (6,546)    
Balance at ending of period 791,191   791,191 789,134 784,601 689,989 687,572 686,622 791,191 689,989
Total Overdistributed Earnings                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance at beginning of period   $ (66,393) (66,393) (65,708) (64,717) (64,437) (68,141) (63,909) (64,717) (63,909)
Net increase in net assets resulting from operations     26,529 16,289 15,875 7,371 18,129 10,589    
Dividends to stockholders     (17,016) (16,974) (16,866) (14,478) (14,425) (14,821)    
Balance at ending of period $ (56,880)   $ (56,880) $ (66,393) $ (65,708) $ (71,544) $ (64,437) $ (68,141) $ (56,880) $ (71,544)
[1] As discussed in Note A.3. — Reverse Stock Split, the Fund completed a two-for-one reverse stock split, effective as of December 16, 2024.