Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Investment Company, Net Assets [Roll Forward]            
NET ASSETS, beginning balance $ 430,791 $ 417,928 $ 408,695 $ 341,811 $ 324,326 $ 315,487
OPERATIONS            
Net investment income 12,393 10,777 11,934 11,676 9,632 8,725
Net realized gain (loss) on investments 1,417 219 259 2,911 403 9,319
Net realized gain (loss) on other 1,898 1,949 3 44 25 253
Net unrealized appreciation (depreciation) of investments 3,436 10,695 7,805 (2,586) 1,765 (12,599)
Net unrealized appreciation and depreciation of other 0 0   (161) 161  
Preferred stock dividends (88) (8)   0 0  
Net increase (decrease) in net assets resulting from operations 19,056 23,632 20,001 11,884 11,986 5,698
DISTRIBUTIONS            
Distributions to common stockholders from net investment income [1],[2] (10,769) (10,769) (10,768) (9,082) (8,257) (7,398)
Net decrease in net assets from distributions (10,769) (10,769) (10,768) (9,082) (8,257) (7,398)
CAPITAL TRANSACTIONS            
Issuance of common stock 0 0 0 13,565 13,993 10,721
Discounts, commissions and offering costs for issuance of common stock 0 0 0 (232) (237) (182)
Net increase (decrease) in net assets resulting from capital transactions 0 0 0 13,333 13,756 10,539
NET INCREASE (DECREASE) IN NET ASSETS 8,287 12,863 9,233 16,135 17,485 8,839
NET ASSETS, ending balance $ 439,078 $ 430,791 $ 417,928 $ 357,946 $ 341,811 $ 324,326
[1] Refer to Note 9 – Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.
[2] Per share amounts have been adjusted on a retroactive basis to reflect the Reverse Stock Split effected on April 4, 2024. Refer to Note 2—Summary of Significant Accounting Policies in the accompanying Notes to Consolidated Financial Statements for additional information.