CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands	Mar. 31, 2024		Dec. 31, 2023
ASSETS
Investments, at fair value	$ 1,784,893	[1]	$ 1,841,881	[2]
Cash, cash equivalents and restricted cash	69,921		60,447
Receivable for investments sold	66		36
Interest and dividend receivable	33,940		33,725
Prepaid expenses and other assets	6,251		6,489
Total assets	1,895,071		1,942,578
LIABILITIES
Debt and secured borrowings (Note 8)	930,182		980,183
Interest and credit facility fees payable (Note 8)	8,025		8,591
Dividend payable (Note 10)	24,353		22,321
Base management and incentive fees payable (Note 4)	12,755		13,067
Administrative service fees payable (Note 4)	2,752		2,991
Other accrued expenses and liabilities	184		2,613
Total liabilities	978,251		1,029,766
Commitments and contingencies (Notes 9 and 12)
NET ASSETS
Cumulative convertible preferred stock, $0.01 par value; 2,000,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023	50,000		50,000
Common stock, $0.01 par value; 198,000,000 shares authorized; 50,794,941 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	508		508
Paid-in capital in excess of par value	1,015,681		1,015,681
Offering costs	(1,633)		(1,633)
Total distributable earnings (loss)	(147,736)		(151,744)
Total net assets	$ 916,820		$ 912,812
NET ASSETS PER COMMON SHARE (in dollars per share)	$ 17.07		$ 16.99
Non-controlled/non-affiliated
ASSETS
Investments, at fair value	$ 1,472,096		$ 1,539,120
Non-controlled/affiliated
ASSETS
Investments, at fair value	64,199		53,382
Controlled/affiliated
ASSETS
Investments, at fair value	$ 248,598		$ 249,379

[1] The Company has determined the indicated investments are non-qualifying assets under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.

[2] Fair value is determined in good faith by or under the direction of the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments, equity investments and the investment fund was determined using significant unobservable inputs.