Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INVESTMENT INCOME:        
Interest, fee and dividend income $ 33,946 $ 33,228 $ 67,895 $ 64,274
EXPENSES:        
Interest (9,546) (8,862) (19,095) (17,196)
Base management fees (5,179) (4,912) (10,207) (9,767)
Incentive fees (3,591) (3,599) (7,228) (6,319)
Internal administrative services expenses (2,520) (2,545) (4,787) (4,584)
General and administrative (1,106) (1,306) (2,139) (2,185)
Total expenses before expense waivers (21,942) (21,224) (43,456) (40,051)
Waiver of internal administrative services expenses 2,361 2,394 4,472 4,283
Total expenses, net of expense waivers (19,581) (18,830) (38,984) (35,768)
NET INVESTMENT INCOME 14,365 14,398 28,911 28,506
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 314 (28,852) (1,570) (25,421)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 6,226 35,757 5,093 31,618
INCOME TAXES:        
Federal and state income, excise and other taxes (547) (214) (877) (524)
Deferred taxes (2,229) (1,833) (2,840) (2,693)
Income tax provision (2,776) (2,047) (3,717) (3,217)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 18,129 $ 19,256 $ 28,717 $ 31,486
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.18 $ 0.18 $ 0.36 $ 0.36
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.18 0.18 0.36 0.36
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 0.23 0.24 0.36 0.39
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARED—DILUTED (in dollars per share) $ 0.23 $ 0.24 $ 0.36 $ 0.39
WEIGHTED AVERAGE SHARES OUTSTANDING-BASIC (in shares) 80,333,327 80,299,938 80,296,060 80,218,416
WEIGHTED AVERAGE SHARES OUTSTANDING-DITUTED (in shares) 80,333,327 80,299,938 80,296,060 80,218,416
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 1,014 $ 708 $ 1,824 $ 1,517
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 47 1,046 57 1,677
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 3,297 (12) 3,719 (698)
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 8,243 7,405 15,171 15,299
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 0 (8,823) 0 (7,186)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 1,003 16,367 984 17,688
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 24,689 25,115 50,900 47,458
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 267 (21,075) (1,627) (19,912)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation $ 1,926 $ 19,402 $ 390 $ 14,628