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Net Assets
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Net Assets Net Assets
Equity Issuances
The Company has the authority to issue 1,000,000,000 common shares at $0.01 per share par value.
There were no sales of the Company’s common stock during the years ended December 31, 2024, 2023 and 2022.
Distributions
The tables below present the distributions declared on shares of the Company’s common stock for the following periods:
For the Years Ended December 31, 2024
Date DeclaredRecord DatePayment DateDistribution per Share
November 5, 2024December 31, 2024January 15, 2025$0.37 
November 5, 2024 (supplemental dividend)November 29, 2024December 13, 2024$0.05 
August 6, 2024September 30, 2024October 15, 2024$0.37 
August 6, 2024 (supplemental dividend)August 30, 2024September 13, 2024$0.06 
May 7, 2024June 28, 2024July 15, 2024$0.37 
May 7, 2024 (supplemental dividend)May 31, 2024June 14, 2024$0.05 
February 21, 2024March 29, 2024April 15, 2024$0.37 
February 21, 2024 (supplemental dividend)March 1, 2024March 15, 2024$0.08 
For the Years Ended December 31, 2023
Date DeclaredRecord DatePayment DateDistribution per Share
November 7, 2023December 29, 2023January 12, 2024$0.35 
November 7, 2023 (supplemental dividend)November 30, 2023December 15, 2023$0.08 
August 8, 2023September 29, 2023October 13, 2023$0.33 
August 8, 2023 (supplemental dividend)August 31, 2023September 15, 2023$0.07 
May 9, 2023June 30, 2023July 14, 2023$0.33 
May 9, 2023 (supplemental dividend)May 31, 2023June 15, 2023$0.06 
February 21, 2023March 31, 2023April 14, 2023$0.33 
February 21, 2023 (supplemental dividend)March 3, 2023March 17, 2023$0.04 
For the Years Ended December 31, 2022
Date DeclaredRecord DatePayment DateDistribution per Share
November 1, 2022December 30, 2022January 13, 2023$0.33 
November 1, 2022 (supplemental dividend)November 30, 2022December 15, 2022$0.03 
August 2, 2022September 30, 2022November 15, 2022$0.31 
May 3, 2022June 30, 2022August 15, 2022$0.31 
February 23, 2022March 31, 2022May 13, 2022$0.31 
Dividend Reinvestment
With respect to distributions, the Company has adopted an “opt out” dividend reinvestment plan for common shareholders. As a result, in the event of a declared distribution, each shareholder that has not “opted out” of the dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of the Company’s common stock rather than receiving cash distributions. If newly issued shares are used to implement the dividend reinvestment plan, the number of shares to be issued to a shareholder will be determined by dividing the total dollar amount of the cash dividend or distribution payable to a shareholder by the market price per share of our common stock at the close of regular trading on the NYSE on the payment date of a distribution, or if no sale is reported for such day, the average of the reported bid and ask prices. However, if the market price per share on the payment date of a cash dividend or distribution exceeds the most recently computed net asset value per share, we will issue shares at the greater of (i) the most recently computed net asset value per share and (ii) 95% of the current market price per share (or such lesser discount to the current market price per share that still exceeded the most recently computed net asset value per share). If shares are purchased in the open market to implement the dividend reinvestment plan, the number of shares to be issued to a shareholder shall be determined by dividing the dollar amount of the cash dividend payable to such shareholder by the weighted average price per share for all shares purchased by the plan administrator in the open market in connection with the dividend. Shareholders who receive
distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.
The following tables presents the shares distributed pursuant to the dividend reinvestment plan for the following periods:

For the Years Ended December 31, 2024
Date DeclaredRecord DatePayment DateShares
November 5, 2024 (supplemental dividend)November 29, 2024December 13, 202452,556
(1)
August 6, 2024September 30, 2024October 15, 2024427,571
(1)
August 6, 2024 (supplemental dividend)August 30, 2024September 13, 202491,665
(1)
May 7, 2024June 28, 2024July 15, 2024467,966
(1)
May 7, 2024 (supplemental dividend)May 31, 2024June 14, 202459,356
February 21, 2024March 29, 2024April 15, 2024425,080
February 21, 2024 (supplemental dividend)March 1, 2024March 15, 202497,218
(1)
November 7, 2023December 29, 2023January 12, 2024427,564
(1)
_______________
(1)Shares purchased in the open market in order to satisfy dividends reinvested under our dividend reinvestment program.

For the Years Ended December 31, 2023
Date DeclaredRecord DatePayment DateShares
November 7, 2023 (supplemental dividend)November 30, 2023December 15, 202398,832 
(1)
August 8, 2023September 29, 2023October 13, 2023415,349 
(1)
August 8, 2023 (supplemental dividend)August 31, 2023September 15, 202389,305 
(1)
May 9, 2023June 30, 2023July 14, 2023516,771 
(1)
May 9, 2023 (supplemental dividend)May 31, 2023June 15, 202384,373 
(1)
February 21, 2023March 31, 2023April 14, 2023558,872 
(1)
February 21, 2023 (supplemental dividend)March 3, 2023March 17, 202377,157 
(1)
November 1, 2022December 30, 2022January 13, 2023583,495 
(1)
_______________
(1)Shares purchased in the open market in order to satisfy dividends reinvested under our dividend reinvestment program.

For the Years Ended December 31, 2022
Date DeclaredRecord DatePayment DateShares
November 1, 2022 (supplemental dividend)November 30, 2022December 15, 202251,018 
(1)
August 2, 2022September 30, 2022November 15, 2022616,214 
(1)
May 3, 2022June 30, 2022August 15, 2022886,113 
(1)
February 23, 2022March 31, 2022May 15, 2022830,764 
(1)
November 2, 2021December 31, 2021January 31, 2022814,084 
_______________
(1)Shares purchased in the open market in order to satisfy dividends reinvested under our dividend reinvestment program.
2020 Stock Repurchase Program
On November 3, 2020, the Board approved the 2020 Stock Repurchase Program under which the Company was authorized to repurchase up to $100 million of the Company’s outstanding common stock. Under the 2020 Stock Repurchase Program, purchases were made at management’s discretion from time to time in open-market transactions, in accordance with all applicable securities laws and regulations. On November 2, 2021, the Board approved an extension to the 2020 Stock Repurchase Program for an additional 12-months and on November 2, 2022, the 2020 Stock Repurchase Program ended in accordance with its terms. While the plan was in effect the agent repurchased 944,076 shares of the Company’s common stock pursuant to the 2020 Stock Repurchase Program for approximately $12.6 million. For the following periods, repurchases under the 2020 Stock Repurchase Program were as follows:
Period
($ in millions, except share and per share amounts)		Total Number
of Shares
Repurchased		Average Price Paid per ShareApproximate
Dollar Value of
Shares that have been
Purchased Under
the Plans		Approximate
Dollar Value
of Shares that
May Yet Be
Purchased Under
the Plan
January 1, 2022 - January 31, 2022— $— $— $97.4 
February 1, 2022 - February 28, 2022— $— $— $97.4 
March 1, 2022 - March 31, 2022— $— $— $97.4 
April 1, 2022 - April 30, 2022— $— $— $97.4 
May 1, 2022 - May 31, 2022757,926 $13.21 $10.0 $87.4 
757,926 $10.0 
2022 Stock Repurchase Program
On November 1, 2022, the Board approved the 2022 Stock Repurchase Program under which the Company may repurchase up to $150 million of the Company’s outstanding common stock. Under the 2022 Stock Repurchase Program, purchases were made at management’s discretion from time to time in open-market transactions, in accordance with all applicable securities laws and regulations. On May 2, 2024, the 2022 Stock Repurchase Program ended in accordance with its terms. While the 2022 Stock Repurchase Program was in effect, the agent has repurchased 4,090,138 shares of common stock pursuant to the 2022 Stock Repurchase Program for approximately $50.0 million. There were no repurchases under the 2022 Stock Repurchase Program during the period ended December 31, 2024. For the following periods, repurchases under the 2022 Stock Repurchase Program were as follows:
Period
($ in millions, except share and per share amounts)		Total Number of Shares RepurchasedAverage Price Paid per ShareApproximate Dollar Value of Shares that have been Purchased Under the PlansApproximate Dollar Value of Shares that May Yet Be Purchased Under the Plan
November 1, 2022 - November 30, 2022— $— $— $150.0 
December 1, 2022 - December 31, 20221,346,326 $11.84 $15.9 $134.1 
1,346,326 $15.9 

Period
($ in millions, except share and per share amounts)(1)
Total Number of Shares RepurchasedAverage Price Paid per ShareApproximate Dollar Value of Shares that have been Purchased Under the PlansApproximate Dollar Value of Shares that May Yet Be Purchased Under the Plan
January 1, 2023 - January 31, 20231,493,034 $12.19 $18.2 $115.9 
February 1, 2023 - February 28, 202329,154 $12.98 $0.4 $115.5 
March 1, 2023 - March 31, 2023278,419 $12.61 $3.5 $112.0 
April 1, 2023 - April 30, 2023687,545 $12.65 $8.7 $103.3 
May 1, 2023 - May 31, 2023190,355 $12.53 $2.4 $100.9 
June 1, 2023 - June 30, 202365,305 $13.50 $0.9 $100.0 
Total2,743,812 $34.1 
_______________
(1)No purchases were made from July 1, 2023 to December 31, 2023.
2024 Stock Repurchase Program
On May 6, 2024, the Board approved the 2024 Stock Repurchase Program under which the Company may repurchase up to $150 million of the Company's common stock. Under the 2024 Stock Repurchase Program, purchases may be made at management's discretion from time to time in open-market transactions, including pursuant to trading plans with investment banks pursuant to Rule 10b5-1 of the Exchange Act, in accordance with all applicable rules and regulations. Unless extended by the Board, the 2024 Stock
Repurchase Program will terminate 18-months from the date it was approved. There were no repurchases during the period ended December 31, 2024.