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

ORGANIZATION AND BASIS OF PRESENTATION (Tables)

v3.25.4
ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Adjusting for the Reverse Stock Split A summary of the Fund’s weighted average number of shares of common stock outstanding and net increase in net assets resulting from operations per share after adjusting for the Reverse Stock Split as of December 31, 2023 is as follows:
Year Ended December 31,
2023
Weighted average number of shares of common stock outstanding (as reported) 80,269,002
Weighted average number of shares of common stock outstanding (as adjusted) 40,134,501
Net increase in net assets per share resulting from operations (as reported) $ 0.82 
Net increase in net assets per share resulting from operations (as adjusted) $ 1.65 
Schedule of Error Corrections and Prior Period Adjustments The impact of the adjustments on the Consolidated Statement of Operations for the years ended December 31, 2024 and 2023 is as follows:
Year Ended
December 31, 2024
As Previously Reported Adjustments As Revised
(in thousands, except per share amounts)
Net investment income before taxes $ 57,322  $ —  $ 57,322 
Excise tax expense —  (851) (851)
Federal and state income and other tax expenses —  (2,590) (2,590)
Net investment income 57,322  (3,441) 53,881 
Net investment income per share $ 1.43  $ (0.09) $ 1.34 
Income tax benefit (provision) on net realized gain (loss) and net unrealized appreciation (depreciation) $ —  2,335  $ 2,335 
Total income tax provision $ (1,106) $ 1,106  $ — 
Year Ended
December 31, 2023
As Previously Reported Adjustments As Revised
(in thousands, except per share amounts)
Net investment income before taxes $ 57,669  $ —  $ 57,669 
Excise tax expense —  (519) (519)
Federal and state income and other tax expenses —  (1,662) (1,662)
Net investment income 57,669  (2,181) 55,488 
Net investment income per share $ 1.44  $ (0.06) $ 1.38 
Income tax benefit (provision) on net realized gain (loss) and net unrealized appreciation (depreciation) $ —  (1,588) $ (1,588)
Total income tax provision $ (3,769) $ 3,769  $ —