
	Three Months Ended March 31,
	(In thousands, except share and per share data)
	2023			2022
	(Unaudited)			(Unaudited)
Per Share Data(1):
Net asset value at beginning of period	$	14.22		$	14.65
Net investment income(3)		0.45			0.30
Realized gain (loss)		(0.03)			(0.01)
Change in unrealized appreciation (depreciation)		(0.12)			(0.22)
Dividends		(0.45)			(0.27)
Offering costs		—			—
Accretion (dilution)(4)		—			—
Net asset value at end of period	$	14.07		$	14.45

Total return based on net asset value(2)		(1.05)	%		(1.37)	%
Weighted average shares outstanding for the period, basic		40,509,269			41,375,187
Ratio/Supplemental Data:
Net assets at end of period	$	569,807		$	597,466
Average net assets(5)	$	583,731		$	611,815
Ratio of net operating expenses to average net assets(6)(7)		12.25	%		3.84	%
Ratio of net increase (decrease) in net assets resulting from operations to average net assets(7)		10.71	%		2.56	%
Portfolio turnover rate(8)		1.15	%		1.46	%

(1)

Financial highlights are based on weighted-average shares outstanding.

(2)

Total return based on net asset value is based upon the change in net asset value per share between the opening and ending net asset values per share in the period. The total returns are not annualized.

(3)

Return from investment operations was 3.16% and 2.05% for the three months ended March 31, 2023 and 2022, respectively. Return from investment operations represents returns on net investment income from operations.

(4)

Return from accretion was 0.00% and 0.00% for the three months ended March 31, 2023 and 2022, respectively.

(5)

The annualized ratio of net investment income to average net assets was 15.07% and 8.93% for the three months ended March 31, 2023 and 2022, respectively.

(6)

The annualized ratio of net operating expenses excluding incentive fees, to average net assets was 11.46% and 3.62% for the three months ended March 31, 2023 and 2022, respectively.

(7)

Incentive fees are not annualized.

(8)

The portfolio turnover rate for the three months ended March 31, 2023 and 2022 equals the lesser of investment portfolio purchases or sales during the period, divided by the average investment portfolio value during the period. As such, portfolio turnover rate is not annualized.