Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Investment Company, Net Assets [Roll Forward]        
Net assets, beginning balance $ 477,380 $ 492,711 $ 436,435 $ 439,742
OPERATIONS        
Net investment income (loss) 7,291 12,414 (1,730) 8,440
Net realized gain on investments 42,303 2 289 1,155
Net unrealized (depreciation) appreciation of investments (34,112) (18,942) 48,745 (820)
Net unrealized depreciation of other 0 0 52 11
Net (decrease) increase in net assets from operations 15,482 (6,526) 47,356 8,786
DISTRIBUTIONS        
Distributions to common stockholders from net investment income [1] (8,805) (8,805) (6,665) (7,069)
Distributions to common stockholders from net realized gains [1] (25,682) [2] 0 (5,519) [2] (5,024)
Net decrease in net assets from distributions [1] (34,487) (8,805) (12,184) (12,093)
CAPITAL ACTIVITY        
Issuance of common stock 0 0 4,121 0
Discounts, commissions, and offering costs for issuance of common stock 0 0 (62) 0
Net increase in net assets from capital activity 0 0 4,059 0
NET (DECREASE) INCREASE IN NET ASSETS (19,005) (15,331) 39,231 (3,307)
Net assets, ending balance $ 458,375 $ 477,380 $ 475,666 $ 436,435
[1] Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.
[2] Includes $0.70 per common share of distributions declared and unpaid as of September 30, 2024, as such distribution was a supplemental distribution declared on September 17, 2024 with a record date of October 4, 2024 and a pay date of October 15, 2024.