Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.23.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INVESTMENT INCOME:        
Interest, fee and dividend income $ 32,351 $ 26,051 $ 96,626 $ 73,791
EXPENSES:        
Interest (9,403) (6,801) (26,599) (16,628)
Base management fees (4,994) (4,974) (14,761) (14,919)
Incentive fees (2,572) 0 (8,891) 0
Internal administrative services expenses (2,168) (1,405) (6,752) (3,888)
General and administrative (1,106) (941) (3,291) (3,017)
Total expenses before expense waivers (20,243) (14,121) (60,294) (38,452)
Waiver of internal administrative services expenses 2,014 1,252 6,297 3,431
Total expenses, net of expense waivers (18,229) (12,869) (53,997) (35,021)
NET INVESTMENT INCOME 14,122 13,182 42,629 38,770
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 435 7,238 (24,986) 7,865
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (1,202) (4,435) 30,415 (11,452)
INCOME TAXES:        
Federal and state income, excise and other taxes (431) (578) (954) (1,559)
Deferred tax provision 458 (144) (2,235) (321)
Income tax benefit (provision) 27 (722) (3,189) (1,880)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 13,382 $ 15,263 $ 44,869 $ 33,303
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.18 $ 0.16 $ 0.53 $ 0.48
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.18 0.16 0.53 0.48
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 0.17 0.19 0.56 0.42
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARED—DILUTED (in dollars per share) $ 0.17 $ 0.19 $ 0.56 $ 0.42
WEIGHTED AVERAGE SHARES OUTSTANDING-BASIC (in shares) 80,300,145 80,048,855 80,245,958 79,960,302
WEIGHTED AVERAGE SHARES OUTSTANDING-DITUTED (in shares) 80,300,145 80,048,855 80,245,958 79,960,302
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 804 $ 555 $ 2,321 $ 2,595
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 546 0 2,223 0
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (735) 574 (1,433) 1,959
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 6,941 6,385 22,241 17,443
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (2) (1,456) (7,188) (676)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 4,780 3,909 22,468 4,401
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 24,606 19,111 72,064 53,753
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (109) 8,694 (20,021) 8,541
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) $ (5,247) $ (8,918) $ 9,380 $ (17,812)