Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Changes in Net Assets

v3.25.4
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended 36 Months Ended
Dec. 31, 2025
Jan. 31, 2024
Dec. 31, 2023
Jan. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2025
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as beginning of period (in shares)         40,240,358      
Balance as beginning of period   $ 622,307   $ 609,665 $ 624,903 $ 622,307 $ 609,665 $ 609,665
Issuances of common stock, net of underwriting and offering costs         $ 90,532 $ 7,000 $ 8,500  
Dividend reinvestment (in shares)         893,443 1,132,714 1,172,623  
Dividend reinvestment         $ 13,771 $ 17,983 $ 18,417  
Common stock repurchased (in shares) (212,429) (259,086) (213,922) (259,744)       (3,968,244)
Common stock repurchased         (11,647) (20,728) (24,427)  
Reclassification for certain permanent book-to-tax differences         0 0 0  
Net increase in net assets resulting from operations         88,728 56,553 66,209  
Dividends to stockholders         $ (67,628) $ (58,212) (56,057)  
Balance as ending of period (in shares) 46,588,608       46,588,608 40,240,358   46,588,608
Balance as ending of period $ 738,659   $ 622,307   $ 738,659 $ 624,903 $ 622,307 $ 738,659
Common Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as beginning of period (in shares) [1]   40,054,433   40,053,000 40,240,358 40,054,433 40,053,000 40,053,000
Balance as beginning of period [1]   $ 40   $ 40 $ 40 $ 40 $ 40 $ 40
Issuances of common stock, net of underwriting and offering costs (in shares) [1]         6,325,000 439,978 540,093  
Issuances of common stock, net of underwriting and offering costs [1]         $ 6   $ 1  
Dividend reinvestment (in shares) [1]         893,443 1,132,714 1,172,623  
Dividend reinvestment [1]         $ 1 $ 1 $ 2  
Common stock repurchased (in shares) [1]         (870,193) (1,386,767) (1,711,283)  
Common stock repurchased [1]           $ (1) $ (3)  
Balance as ending of period (in shares) [1] 46,588,608   40,054,433   46,588,608 40,240,358 40,054,433 46,588,608
Balance as ending of period [1] $ 47   $ 40   $ 47 $ 40 $ 40 $ 47
Additional Paid-In Capital                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as beginning of period [1]   686,176   684,205 689,580 686,176 684,205 684,205
Issuances of common stock, net of underwriting and offering costs [1]         90,526 7,000 8,499  
Dividend reinvestment [1]         13,770 17,982 18,415  
Common stock repurchased [1]         (11,647) (20,727) (24,424)  
Reclassification for certain permanent book-to-tax differences [1]         (222) (851) (519)  
Balance as ending of period [1] 782,007   686,176   782,007 689,580 686,176 782,007
Total Overdistributed Earnings                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as beginning of period   $ (63,909)   $ (74,580) (64,717) (63,909) (74,580) (74,580)
Reclassification for certain permanent book-to-tax differences         222 851 519  
Net increase in net assets resulting from operations         88,728 56,553 66,209  
Dividends to stockholders         (67,628) (58,212) (56,057)  
Balance as ending of period $ (43,395)   $ (63,909)   $ (43,395) $ (64,717) $ (63,909) $ (43,395)
[1] See Note A.3 - Reverse Stock Split, the Fund completed a two-for-one reverse stock split, effective as of December 16, 2024.