v3.25.3
Financial Highlights (Tables)
 9 Months Ended
Sep. 30, 2025
FINANCIAL HIGHLIGHTS [Abstract]  
Schedule of Financial Highlights

The following presents financial highlights for the nine months ended September 30, 2025 and 2024:

 

 

 

For the Nine Months Ended

 

 

 

September 30, 2025

 

 

September 30, 2024

 

Per share data:

 

 

 

 

 

 

Net asset value at beginning of period

 

$

13.20

 

 

$

13.77

 

Net investment income (loss) (1)

 

 

1.09

 

 

 

0.23

 

Net realized and unrealized gains/(losses) on investments (1)

 

 

-

 

(5)

 

0.03

 

Net increase/(decrease) in net assets resulting from operations (1)

 

 

1.09

 

 

 

0.26

 

Distributions from net investment income (loss) (2)

 

 

(1.02

)

 

 

(0.75

)

Net asset value at end of period

 

$

13.27

 

 

$

13.28

 

Net assets at end of period

 

$

302,920,579

 

 

$

82,539,642

 

Shares outstanding at end of period

 

 

22,820,590

 

 

 

6,214,995

 

Weighted average net assets

 

$

301,347,821

 

 

$

84,768,322

 

 

 

 

 

 

 

 

Per share market value at end of period

 

$

10.50

 

 

$

10.64

 

Total return based on market value (3)

 

 

(8.31

)%

 

 

35.15

%

Total return based on net asset value (3)

 

 

7.01

%

 

 

3.39

%

 

 

 

 

 

 

 

Ratio/Supplemental data:

 

 

 

 

 

 

Ratio of net investment income (loss) to average net assets (4)

 

 

8.23

%

 

 

1.72

%

Ratio of expenses to average net assets (3)

 

 

5.73

%

 

 

8.92

%

Ratio of waived expenses to average net assets(4)

 

 

(0.66

)%

 

 

-

 

Ratio of net expenses to average net assets(4)

 

 

5.07

%

 

 

-

 

Portfolio turnover (4)

 

 

31.30

%

 

 

7.96

%

 

(1)
The per share data was derived by using the weighted average shares outstanding during the periods presented.
(2)
The amount shown may not correspond for the period as it includes the effect of the timing of the distribution and the issuance of common stock.
(3)
Total return based on market value is based on the change in market price per share between the beginning and ending market prices per share in each period and assumes that common stock dividends are reinvested in accordance with the DRIP. Total return based on net asset value is based upon the change in net asset value per share between the beginning and ending net asset values per share in each period and assumes that dividends are reinvested in accordance with the DRIP. For periods less than a year, total return is not annualized.
(4)
Ratio is not annualized.
(5)
Represents less than $0.005 per Share.