CONSOLIDATED FINANCIAL HIGHLIGHTS (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Consolidated Financial Highlights

The following is a schedule of consolidated financial highlights for the three months ended March 31, 2024 and 2023:


	For the three month periods ended
	March 31, 2024			March 31, 2023
Per Common Share Data:
Net asset value per common share, beginning of period	$	16.99		$	16.99
Net investment income (loss)(1)	0.54			0.50
Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities	0.02			0.03
Net increase (decrease) in net assets resulting from operations	0.56			0.53
Dividends declared(2)	(0.48)			(0.44)

Accretion due to share repurchases	—			0.01

Net asset value per common share, end of period	$	17.07		$	17.09
Market price per common share, end of period	$	16.28		$	13.62
Number of common shares outstanding, end of period	50,794,941			50,794,941
Total return based on net asset value(3)	3.35		%	3.54		%
Total return based on market price(4)	11.94		%	(2.03)		%
Net assets attributable to Common Stockholders, end of period	$	866,820		$	868,193
Ratio to average net assets attributable to Common Stockholders(5):
Expenses before incentive fees	3.20		%	3.03		%
Expenses after incentive fees	3.88		%	3.66		%

Net investment income (loss)	3.29		%	3.06		%
Interest expense and credit facility fees	2.07		%	1.99		%
Ratios/Supplemental Data:
Asset coverage, end of period	187.98		%	175.82		%
Portfolio turnover	5.14		%	2.90		%
Weighted-average common shares outstanding	50,794,941			50,887,075

(1)Net investment income (loss) per common share was calculated as net investment income (loss) less the preferred dividend for the period divided by the weighted average number of common shares outstanding for the period.

(2)Dividends declared per common share was calculated as the sum of dividends on common stock declared during the period divided by the number of common shares outstanding at each respective quarter-end date (refer to Note 10, Net Assets, to these unaudited consolidated financial statements).

(3)Total return based on net asset value (not annualized) is based on the change in net asset value per common share during the period plus the declared dividends on common stock, assuming reinvestment of dividends in accordance with the dividend reinvestment plan, divided by the beginning net asset value for the period.

(4)Total return based on market value (not annualized) is calculated as the change in market value per common share during the period plus the declared dividends on common stock, assuming reinvestment of dividends in accordance with the dividend reinvestment plan, divided by the beginning market price for the period.

(5)These ratios to average net assets attributable to Common Stockholders have not been annualized.