Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INVESTMENT INCOME:      
Interest, fee and dividend income $ 131,386 $ 103,765 $ 90,128
EXPENSES:      
Interest (36,458) (24,423) (14,469)
Base management fees (19,828) (19,831) (17,316)
Incentive fees (12,569) (2,130) (557)
Internal administrative services expenses (8,916) (5,147) (4,317)
General and administrative (4,254) (3,905) (4,427)
Total expenses before expense waivers (82,025) (55,436) (41,086)
Waiver of internal administrative services expenses 8,308 4,540 4,317
Total expenses, net of expense waivers (73,717) (50,896) (36,769)
NET INVESTMENT INCOME 57,669 52,869 53,359
NET REALIZED GAIN (LOSS):      
Total net realized gain (loss) (34,010) (3,936) (498)
Realized loss on extinguishment of debt 0 0 (2,430)
Total net realized loss (34,010) (3,936) (2,928)
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) 46,319 (1,702) 25,095
INCOME TAXES:      
Federal and state income, excise and other taxes (872) (1,281) (1,890)
Deferred taxes (2,897) (362) 0
Income tax provision (3,769) (1,643) (1,890)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 66,209 $ 45,588 $ 73,636
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.72 $ 0.66 $ 0.67
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.72 0.66 0.67
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 0.82 0.57 0.92
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 0.82 $ 0.57 $ 0.92
WEIGHTED AVERAGE SHARES OUTSTANDING-BASIC (in shares) 80,269,002 79,993,040 79,873,537
WEIGHTED AVERAGE SHARES OUTSTANDING-DITUTED (in shares) 80,269,002 79,993,040 79,873,537
Control investments      
INVESTMENT INCOME:      
Interest, fee and dividend income $ 3,101 $ 3,223 $ 2,810
NET REALIZED GAIN (LOSS):      
Total net realized gain (loss) 2,223 0 0
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) (1,289) 1,503 2,001
Affiliate investments      
INVESTMENT INCOME:      
Interest, fee and dividend income 29,805 24,057 18,244
NET REALIZED GAIN (LOSS):      
Total net realized gain (loss) (7,188) (7,327) (2,673)
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) 25,116 15,689 10,237
Non‑Control/Non‑Affiliate investments      
INVESTMENT INCOME:      
Interest, fee and dividend income 98,480 76,485 69,074
NET REALIZED GAIN (LOSS):      
Total net realized gain (loss) (29,045) 3,391 2,175
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) $ 22,492 $ (18,894) $ 12,857