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NET ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Summary of Dividends Declared
The following table summarizes the Company’s dividends declared on its preferred stock for the years ended December 31, 2022 and 2021. Unless otherwise noted, dividends were declared and paid, or are payable, in cash.
Date DeclaredRecord DatePayment DatePer Share Amount
March 31, 2021March 31, 2021March 31, 2021$0.438 
June 30, 2021June 30, 2021June 30, 20210.438 
September 30, 2021September 30, 2021September 30, 20210.438 
December 29, 2021December 31, 2021December 31, 20210.438 
Total$1.752 
March 25, 2022March 31, 2022March 31, 20220.438 
June 27, 2022June 30, 2022June 30, 20220.438 
September 22, 2022September 30, 2022September 30, 20220.438 
December 16, 2022December 30, 2022December 31, 20220.438 
Total$1.752 
The following table summarizes the Company’s dividends declared during the three most recent fiscal years:
Date DeclaredRecord DatePayment DatePer Share Amount 
February 24, 2020March 31, 2020April 17, 2020$0.37 
May 4, 2020June 30, 2020July 17, 2020$0.37 
August 3, 2020September 30, 2020October 16, 2020$0.32 
August 3, 2020September 30, 2020October 16, 2020$0.05 (1)
November 2, 2020December 31, 2020January 15, 2021$0.32 
November 2, 2020December 31, 2020January 15, 2021$0.04 (1)
February 22, 2021March 31, 2021April 16, 2021$0.32 
February 22, 2021March 31, 2021April 16, 2021$0.05 (1)
May 3, 2021June 30, 2021July 15, 2021$0.32 
May 3, 2021June 30, 2021July 15, 2021$0.04 (1)
August 2, 2021September 30, 2021October 15, 2021$0.32 
August 2, 2021September 30, 2021October 15, 2021$0.06 (1)
November 1, 2021December 31, 2021January 14, 2022$0.32 
November 1, 2021December 31, 2021January 14, 2022$0.07 (1)
February 18, 2022March 31, 2022April 15, 2022$0.32 
February 18, 2022March 31, 2022April 15, 2022$0.08 (1)
May 2, 2022June 30, 2022July 15, 2022$0.32 
May 2, 2022June 30, 2022July 15, 2022$0.08 (1)
August 8, 2022September 30, 2022October 14, 2022$0.34 
August 8, 2022September 30, 2022October 14, 2022$0.06 (1)
October 31, 2022December 30, 2022January 16, 2023$0.36 
October 31, 2022December 30, 2022January 16, 2023$0.08 (1)
(1)Represents a special/supplemental dividend.
Summary of Changes in Net Assets
The following table summarizes capital activity during the year ended December 31, 2022:
 Preferred Stock
 
Common Stock
Capital in Excess of Par ValueOffering CostsAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
 SharesAmountSharesAmount
Balance, January 1, 20222,000,000 $50,000 53,142,454 $532 $1,052,427 $(1,633)$19,562 $(123,297)$(48,787)$948,804 
Repurchase of common stock— — (2,082,318)(21)(28,436)— — — — (28,457)
Net investment income (loss)— — — — — — 104,042 — — 104,042 
Net realized gain (loss)— — — — — — — 523 — 523 
Net change in unrealized appreciation (depreciation)— — — — — — — — (18,928)(18,928)
Dividends declared on common stock and preferred stock— — — — — — (88,561)— — (88,561)
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP— — — — (1,767)— 8,054 (6,287)— — 
Balance, December 31, 20222,000,000 $50,000 51,060,136 $511 $1,022,224 $(1,633)$43,097 $(129,061)$(67,715)$917,423 
The following table summarizes capital activity during the year ended December 31, 2021:
 Preferred Stock
 
Common Stock
Capital in Excess of Par ValueOffering CostsAccumulated Net Investment Income (Loss)Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
 SharesAmountSharesAmount
Balance, January 1, 20212,000,000 $50,000 55,320,309 $553 $1,081,436 $(1,633)$14,568 $(140,133)$(103,428)$901,363 
Repurchase of common stock— — (2,177,855)(21)(28,418)— — — — (28,439)
Net investment income (loss)— — — — — — 86,851 — — 86,851 
Net realized gain (loss)— — — — — — — 18,861 — 18,861 
Net change in unrealized appreciation (depreciation)— — — — — — — — 54,641 54,641 
Dividends declared on common stock and preferred stock— — — — — — (84,473)— — (84,473)
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP— — — — (591)— 2,616 (2,025)— — 
Balance, December 31, 20212,000,000 $50,000 53,142,454 $532 $1,052,427 $(1,633)$19,562 $(123,297)$(48,787)$948,804 
The following table summarizes capital activity during the year ended December 31, 2020:
Preferred Stock
 
Common Stock
Capital in Excess of Par ValueOffering CostsAccumulated 
Net Investment Income (Loss)		Accumulated Net Realized Gain (Loss)Accumulated Net Unrealized Appreciation (Depreciation)Total Net Assets
SharesAmountSharesAmount
Balance, January 1, 2020— $— 57,763,811 $578 $1,109,238 $(1,633)$10,368 $(82,654)$(79,426)$956,471 
Issuance of Preferred Stock2,000,000 50,000 — — — — — — — 50,000 
Net investment income (loss)— — — — — — 88,807 — — 88,807 
Net realized gain (loss)— — — — — — — (57,976)— (57,976)
Net change in unrealized appreciation (depreciation)— — — — — — — — (24,002)(24,002)
Dividends declared on common stock and preferred stock— — — — — — (84,683)— — (84,683)
Repurchase of common stock— — (2,443,502)(25)(27,229)— — — — (27,254)
Tax reclassification of stockholders’ equity in accordance with U.S. GAAP— — — — (573)— 76 497 — — 
Balance, December 31, 20202,000,000 $50,000 55,320,309 $553 $1,081,436 $(1,633)$14,568 $(140,133)$(103,428)$901,363 
Schedule of Basic and Diluted Earnings Per Share
Basic and diluted earnings per common share were as follows:
For the years ended December 31,
202220212020
BasicDilutedBasicDilutedBasicDiluted
Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders$82,137 $85,637 $156,853 $160,353 $4,554 $4,554 
Weighted-average shares of common stock outstanding52,112,420 57,482,099 54,244,432 59,531,683 56,421,137 56,421,137 
Basic and diluted earnings per share$1.58 $1.49 $2.89 $2.69 $0.08 $0.08