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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INVESTMENT INCOME:        
Interest, fee and dividend income $ 33,477 $ 32,351 $ 101,373 $ 96,626
EXPENSES:        
Interest (10,374) (9,403) (29,470) (26,599)
Base management fees (5,338) (4,994) (15,545) (14,761)
Incentive fees (2,136) (2,572) (9,364) (8,891)
Internal administrative services expenses (2,368) (2,168) (7,155) (6,752)
General and administrative (1,285) (1,106) (3,424) (3,291)
Total expenses before expense waivers (21,501) (20,243) (64,958) (60,294)
Waiver of internal administrative services expenses 2,206 2,014 6,678 6,297
Total expenses, net of expense waivers (19,295) (18,229) (58,280) (53,997)
NET INVESTMENT INCOME 14,182 14,122 43,093 42,629
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 25,372 435 23,802 (24,986)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (29,749) (1,202) (24,656) 30,415
INCOME TAXES:        
Federal and state income, excise and other taxes (1,649) (431) (2,525) (954)
Deferred taxes (785) 458 (3,625) (2,235)
Income tax benefit (provision) (2,434) 27 (6,150) (3,189)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 7,371 $ 13,382 $ 36,089 $ 44,869
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.53
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.18 0.18 0.54 0.53
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 0.09 0.17 0.45 0.56
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 0.09 $ 0.17 $ 0.45 $ 0.56
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 80,335,969 80,300,145 80,309,460 80,245,958
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 80,335,969 80,300,145 80,309,460 80,245,958
Control investments        
INVESTMENT INCOME:        
Interest, fee and dividend income $ 818 $ 804 $ 2,643 $ 2,321
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 0 546 57 2,223
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 912 (735) 4,631 (1,433)
Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 7,719 6,941 22,891 22,241
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 0 (2) 0 (7,188)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 182 4,780 1,166 22,468
Non‑Control/Non‑Affiliate investments        
INVESTMENT INCOME:        
Interest, fee and dividend income 24,940 24,606 75,839 72,064
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 25,372 (109) 23,745 (20,021)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) $ (30,843) $ (5,247) $ (30,453) $ 9,380