Stockholders' Equity Note Disclosure [Text Block] |
Note 11. Distributions
The Company’s distributions are recorded on the declaration date. The following table summarizes the Company’s distribution activity for the years ended December 31, 2022 and 2021:
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DRIP |
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DRIP |
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Date |
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Amount |
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Cash |
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Shares |
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Share |
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Declared |
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Record Date |
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Payment Date |
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Per Share |
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Distribution |
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Issued |
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Value |
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(In thousands, except share and per share data) |
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Year Ended December 31, 2022 |
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10/28/2022 |
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2/17/23 |
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3/15/23 |
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$ |
0.11 |
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$ |
— |
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— |
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$ |
— |
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10/28/2022 |
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1/18/23 |
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2/15/23 |
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0.11 |
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3,021 |
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5,754 |
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74 |
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10/28/2022 |
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12/19/22 |
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1/13/23 |
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0.11 |
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2,978 |
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5,618 |
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69 |
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10/28/2022 |
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11/17/22 |
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12/15/22 |
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0.05 |
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1,319 |
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2,171 |
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27 |
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7/29/2022 |
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11/17/22 |
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12/15/22 |
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0.10 |
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2,638 |
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4,341 |
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57 |
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7/29/2022 |
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10/18/22 |
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11/15/22 |
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0.10 |
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2,580 |
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4,621 |
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60 |
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7/29/2022 |
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9/19/22 |
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10/14/22 |
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0.10 |
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2,558 |
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7,703 |
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81 |
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4/29/2022 |
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8/18/22 |
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9/15/22 |
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0.10 |
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2,528 |
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4,925 |
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60 |
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4/29/2022 |
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7/19/22 |
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8/16/22 |
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0.10 |
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2,484 |
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3,939 |
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55 |
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4/29/2022 |
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6/17/22 |
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7/15/22 |
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0.10 |
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2,434 |
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4,286 |
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51 |
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2/25/2022 |
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5/18/22 |
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6/15/22 |
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0.10 |
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2,378 |
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4,428 |
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50 |
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2/25/2022 |
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4/19/22 |
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5/16/22 |
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0.10 |
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2,349 |
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4,088 |
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49 |
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2/25/2022 |
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3/18/22 |
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4/14/22 |
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0.10 |
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2,352 |
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3,221 |
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46 |
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$ |
1.28 |
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$ |
29,619 |
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55,095 |
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$ |
679 |
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Year Ended December 31, 2021 |
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10/22/21 |
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2/18/22 |
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3/16/22 |
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$ |
0.10 |
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$ |
2,100 |
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3,409 |
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$ |
46 |
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10/22/21 |
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1/19/22 |
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2/16/22 |
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0.10 |
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2,096 |
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2,680 |
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43 |
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10/22/21 |
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12/17/21 |
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1/14/22 |
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0.10 |
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2,031 |
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3,417 |
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56 |
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10/22/21 |
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11/18/21 |
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12/15/21 |
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0.05 |
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1,013 |
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1,197 |
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20 |
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7/23/21 |
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11/18/21 |
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12/15/21 |
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0.10 |
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2,027 |
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2,395 |
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38 |
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7/23/21 |
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10/19/21 |
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11/16/21 |
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0.10 |
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2,010 |
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1,907 |
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34 |
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7/23/21 |
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9/17/21 |
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10/15/21 |
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0.10 |
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2,008 |
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2,068 |
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36 |
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4/23/21 |
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8/18/21 |
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9/15/21 |
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0.10 |
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1,996 |
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2,041 |
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34 |
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4/23/21 |
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7/20/21 |
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8/16/21 |
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0.10 |
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1,983 |
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1,937 |
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34 |
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4/23/21 |
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6/17/21 |
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7/16/21 |
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0.10 |
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1,964 |
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1,888 |
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33 |
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2/26/21 |
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5/18/21 |
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6/15/21 |
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0.10 |
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1,964 |
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1,671 |
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29 |
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2/26/21 |
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4/20/21 |
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5/14/21 |
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0.10 |
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1,937 |
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1,794 |
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29 |
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2/26/21 |
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3/18/21 |
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4/16/21 |
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0.10 |
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1,938 |
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1,653 |
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28 |
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$ |
1.25 |
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$ |
25,067 |
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28,057 |
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$ |
460 |
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On February 23, 2023, the Board declared monthly distributions per share, payable as set forth in the following table:
Ex-Dividend Date |
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Record Date |
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Payment Date |
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Distributions Declared |
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March 16, 2023 |
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March 17, 2023 |
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April 14, 2023 |
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$ |
0.11 |
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April 17, 2023 |
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April 18, 2023 |
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May 16, 2023 |
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$ |
0.11 |
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May 17, 2023 |
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May 18, 2023 |
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June 14, 2023 |
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$ |
0.11 |
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After paying distributions of $1.25 per share deemed paid for tax purposes in 2022, declaring on October 28, 2022 a distribution of $0.11 per share payable January 13, 2023, and taxable earnings of $1.60 per share in 2022, the Company’s undistributed spillover income as of December 31, 2022 was $0.68 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.
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