Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2024

The following information sets forth the Company's financial highlights for the six months ended June 30, 2024 and June 30, 2023.


	Six Months Ended
	June 30, 2024			June 30, 2023
Per share data: (1)
Net asset value, December 31, 2023 and December 31, 2022, respectively	$	10.50		$	10.29
Net investment income	0.67			0.63
Net realized and unrealized gains (losses)	—			0.08
Net increase in net assets resulting from operations	0.67			0.71

Distributions declared to stockholders from net investment income	(0.67)			(0.63)


Net asset value, June 30, 2024 and June 30, 2023, respectively	$	10.50		$	10.37
Total return (2)	6.42		%	7.02		%
Shares outstanding at end of period	87,812,771			77,633,532
Average weighted shares outstanding for the period	87,275,654			77,225,872
Average net assets for the period	$	917,568		$	795,883
Ratio to average net assets:
Net investment income (3)	12.90		%	12.32		%
Total expenses (3)	5.13		%	4.85		%



Average debt outstanding — Wells Credit Facility	$	416,788		$	387,097
Asset coverage ratio	308.80		%	313.56		%
Portfolio turnover	16.40		%	2.04		%


Capital Commitments	$	690,000		$	690,000
Funded Capital Commitments	$	690,000		$	690,000
% of Capital Commitments funded	100.00		%	100.00		%

(1)Per share data is based on weighted average shares outstanding for the respective period (except for distributions declared to stockholders, which are based on actual rate per share).

(2)Total return is calculated assuming a purchase at net asset value per share on the opening of the first day of the year and a sale at net asset value per share on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at net asset value per share on the last day of the respective quarter. Total return calculation is not annualized.

(3)Annualized.