Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Changes in Net Assets

v3.25.1
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended 36 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance as beginning of period (in shares)   40,054,433         40,054,433      
Balance as beginning of period   $ 622,307 [1]   $ 609,665   $ 613,170 $ 622,307 [1] $ 609,665 $ 613,170 $ 613,170
Issuance of common stock             $ 7,000 $ 8,500 $ 750  
Dividend reinvestment (in shares)             1,132,714 1,172,623 1,129,806  
Dividend reinvestment             $ 17,983 $ 18,417 $ 17,750  
Common stock repurchased (in shares) (256,421) (437,658) (479,464) (259,744) (261,155) (244,516)       (4,135,507)
Common stock repurchased             (20,728) (24,427) (15,986)  
Net increase resulting from operations             56,553 66,209 45,588  
Dividends to stockholders             (58,212) (56,057) (51,607)  
Reclassification for certain permanent book-to-tax differences             $ 0 $ 0 0  
Balance as ending of period (in shares) 40,240,358   40,054,433       40,240,358 40,054,433   40,240,358
Balance as ending of period $ 624,903 [1]   $ 622,307 [1]   $ 609,665   $ 624,903 [1] $ 622,307 [1] $ 609,665 $ 624,903 [1]
Common Stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance as beginning of period (in shares) [2]   40,054,433   40,053,000   39,913,303 40,054,433 40,053,000 39,913,303 39,913,303
Balance as beginning of period [2]   $ 40   $ 40   $ 40 $ 40 $ 40 $ 40 $ 40
Issuance of common stock (in shares) [2]             439,978 540,093 47,349  
Issuance of common stock [2]               $ 1    
Dividend reinvestment (in shares) [2]             1,132,714 1,172,623 1,129,806  
Dividend reinvestment [2]             $ 1 $ 2 $ 2  
Common stock repurchased (in shares) [2]             (1,386,767) (1,711,283) (1,037,458)  
Common stock repurchased [2]             $ (1) $ (3) $ (2)  
Balance as ending of period (in shares) [2] 40,240,358   40,054,433   40,053,000   40,240,358 40,054,433 40,053,000 40,240,358
Balance as ending of period [2] $ 40   $ 40   $ 40   $ 40 $ 40 $ 40 $ 40
Additional Paid-In Capital                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance as beginning of period [2]   686,176   684,205   682,466 686,176 684,205 682,466 682,466
Issuance of common stock [2]             7,000 8,499 750  
Dividend reinvestment [2]             17,982 18,415 17,748  
Common stock repurchased [2]             (20,727) (24,424) (15,984)  
Reclassification for certain permanent book-to-tax differences [2]             (851) (519) (775)  
Balance as ending of period [2] 689,580   686,176   684,205   689,580 686,176 684,205 689,580
Total Overdistributed Earnings                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance as beginning of period   $ (63,909)   $ (74,580)   $ (69,336) (63,909) (74,580) (69,336) (69,336)
Net increase resulting from operations             56,553 66,209 45,588  
Dividends to stockholders             (58,212) (56,057) (51,607)  
Reclassification for certain permanent book-to-tax differences             851 519 775  
Balance as ending of period $ (64,717)   $ (63,909)   $ (74,580)   $ (64,717) $ (63,909) $ (74,580) $ (64,717)
[1] As discussed in Note A.3 - Reverse Stock Split, the Company completed a two-for-one reverse stock split, effective as of December 16, 2024.
[2] As discussed in Note A.3 - Reverse Stock Split, the Company completed a two-for-one reverse stock split, effective as of December 16, 2024.