TAX

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

TAX

TAX

The Company has not recorded a liability for any uncertain tax positions pursuant to the provisions of ASC 740, Income Taxes, as of March 31, 2023 and December 31, 2022.

In the normal course of business, the Company is subject to examination by federal and certain state, local and foreign tax regulators. As of March 31, 2023 and December 31, 2022, the Company had filed tax returns and therefore is subject to examination.

The Company’s taxable income for each period is an estimate and will not be finally determined until the Company files its tax return for each year. Therefore, the final taxable income, and the taxable income earned in each period and carried forward for distribution in the following period, may be different than this estimate. The estimated tax character of dividends declared on preferred stock and common stock for three month periods ended March 31, 2023 and 2022 was as follows:

	For the three month periods ended
	March 31, 2023		March 31, 2022
Ordinary income	$	23,224	$	21,939
Tax return of capital	$	—	$	—