XML 50 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Tax Information (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Tax Character of Distributions

The tax character of distributions was as follows:

 

 

For the Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Distributions paid from:

 

 

 

 

 

 

 

 

 

Ordinary Income

 

$

154,022

 

 

$

198,332

 

 

$

100,254

 

Net Long-Term Capital Gains

 

 

30,293

 

 

 

 

 

 

 

Total Taxable Distributions

 

$

184,315

 

 

$

198,332

 

 

$

100,254

 

Components of Accumulated Earnings (Losses) on Tax Basis

The components of Accumulated Earnings (Losses) on a tax basis were as follows:

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2020

 

Undistributed Ordinary Income—net

 

$

86,770

 

 

$

35,189

 

 

$

40,868

 

Undistributed Long-Term Capital Gains

 

 

 

 

 

31,175

 

 

 

 

Total Undistributed Earnings

 

$

86,770

 

 

$

66,364

 

 

$

40,868

 

Capital Loss Carryforward (1):

 

 

 

 

 

 

 

 

 

Perpetual Long-Term

 

$

(112,858

)

 

$

(107,216

)

 

$

(117,733

)

Perpetual Short-Term

 

$

(382

)

 

$

(382

)

 

$

(494

)

Total capital loss carryforwards

 

$

(113,240

)

 

$

(107,598

)

 

$

(118,227

)

Timing Differences (Organizational Costs, Post-October Capital Loss Deferral and Late Year Ordinary Loss Deferral)

 

$

(10,935

)

 

$

(313

)

 

$

(539

)

Unrealized Earnings (Losses)—net

 

$

(168,797

)

 

$

(13,476

)

 

$

72,545

 

Total Accumulated Earnings (Losses)—net

 

$

(206,202

)

 

$

(55,023

)

 

$

(5,353

)

 

(1)
For the year ended December 31, 2022 and December 31, 2020, the company did not utilize any capital losses. For the year ended December 31, 2021, the Company utilized $10,629 of capital losses.
Schedule of Aggregate Unrealized Appreciation and Depreciation on Investments

The Company’s aggregate unrealized appreciation and depreciation on investments based on cost for U.S. federal income tax purposes were as follows:

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2020

 

Tax cost

 

$

3,678,321

 

 

$

3,492,053

 

 

$

3,165,681

 

Gross unrealized appreciation

 

$

39,385

 

 

$

77,992

 

 

$

146,963

 

Gross unrealized depreciation

 

$

(208,182

)

 

$

(91,468

)

 

$

(74,418

)

Net unrealized investment appreciation (depreciation) on investments

 

$

(168,797

)

 

$

(13,476

)

 

$

72,545

 

Schedule of Reconciles Net Increase in Net Assets Resulting from Operations to Taxable Income

The following reconciles net increase in net assets resulting from operations to taxable income:

 

 

For the Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Net increase in net assets resulting from operations

 

$

55,003

 

 

$

192,427

 

 

$

176,113

 

Adjustments:

 

 

 

 

 

 

 

 

 

Net unrealized loss (gain) on investments and foreign currency forward contracts and translations

 

 

152,304

 

 

 

84,858

 

 

 

(109,922

)

Income not currently taxable

 

 

(26,405

)

 

 

(47,243

)

 

 

21,842

 

Income for tax but not book

 

 

351

 

 

 

2,913

 

 

 

(129

)

Expenses not currently deductible

 

 

4,562

 

 

 

1,202

 

 

 

1,539

 

Expenses for tax but not for book

 

 

(613

)

 

 

(30

)

 

 

(5

)

Realized gain(loss) differences

 

 

(92,839

)

 

 

(117,519

)

 

 

(110,478

)

Taxable income net of capital loss carryforward

 

$

92,363

 

 

$

116,608

 

 

$

(21,040

)

Capital loss carryforward

 

 

113,240

 

 

 

107,598

 

 

 

118,227

 

Taxable income (1)

 

$

205,603

 

 

$

224,206

 

 

$

97,187

 

 

 

(1)
Taxable income is an estimate and is not fully determined until the Company’s tax return is filed.