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Note 10 - Distributions
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Equity [Text Block]

Note 10. Distributions

 

The Company’s distributions are recorded on the declaration date. The following table summarizes the Company’s distribution activity for the three months ended March 31, 2024 and for the year ended December 31, 2023:

 

              

DRIP

  

DRIP

 

Date

     

Amount

  

Cash

  

Shares

  

Share

 

Declared

 

Record Date

 

Payment Date

 

Per Share

  

Distribution

  

Issued

  

Value

 
      

(In thousands, except share and per share data)

 

Three Months Ended March 31, 2024

                    

2/23/2024

 

5/17/2024

 

6/14/2024

 $0.11  $     $ 

2/23/2024

 

4/18/2024

 

5/15/2024

  0.11          

2/23/2024

 

3/19/2024

 

4/16/2024

  0.05   1,625   7,598   85 

2/23/2024

 

3/19/2024

 

4/16/2024

  0.11   3,574   16,717   188 
      $0.38  $5,199   24,315  $273 

Year Ended December 31, 2023

                    

10/27/2023

 

2/16/2024

 

3/15/2024

 $0.11  $3,463   18,257  $210 

10/27/2023

 

1/18/2024

 

2/14/2024

  0.11   3,462   15,873   210 

10/27/2023

 

12/19/2023

 

1/16/2024

  0.11   3,472   14,563   199 

10/27/2023

 

11/17/2023

 

12/15/2023

  0.05   1,574   7,137   93 

7/28/2023

 

11/17/2023

 

12/15/2023

  0.11   3,463   15,701   206 

7/28/2023

 

10/18/2023

 

11/15/2023

  0.11   3,493   14,022   173 

7/28/2023

 

9/19/2023

 

10/16/2023

  0.11   3,445   15,067   184 

4/28/2023

 

8/17/2023

 

9/15/2023

  0.11   3,458   8,665   106 

4/28/2023

 

7/18/2023

 

8/15/2023

  0.11   3,427   8,307   105 

4/28/2023

 

6/16/2023

 

7/14/2023

  0.11   3,434   7,424   96 

2/23/2023

 

5/18/2023

 

6/14/2023

  0.11   3,087   7,128   86 

2/23/2023

 

4/18/2023

 

5/16/2023

  0.11   3,068   6,705   84 

2/23/2023

 

3/17/2023

 

4/14/2023

  0.11   3,035   6,894   81 
      $1.37  $41,881   145,743  $1,833 

 

On April 26, 2024, the Board declared monthly distributions per share, payable as set forth in the following table:

 

Monthly distributions

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Distributions Declared

 

August 16, 2024

 

August 16, 2024

 

September 13, 2024

 $0.11 

July 17, 2024

 

July 17, 2024

 

August 15, 2024

 $0.11 

June 17, 2024

 

June 17, 2024

 

July 16, 2024

 $0.11 

 

After paying distributions of $0.33 per share and earning net investment income of $0.38 per share for the quarter, the Company’s undistributed spillover income as of March 31, 2024 was $1.30 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.