Tax Information (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Income Tax Disclosure [Abstract] |
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| Schedule of Tax Character of Distributions |
The tax character of distributions was as follows:
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For the Years Ended December 31, |
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2025 |
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2024 |
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2023 |
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Distributions paid from: |
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Ordinary Income |
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$ |
216,756 |
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$ |
208,488 |
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$ |
197,124 |
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Net Long-Term Capital Gains |
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— |
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— |
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— |
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Total Taxable Distributions |
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$ |
216,756 |
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$ |
208,488 |
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$ |
197,124 |
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| Components of Accumulated Earnings (Losses) on Tax Basis |
The components of Accumulated Earnings (Losses) on a tax basis were as follows:
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2023 |
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Undistributed Ordinary Income—net |
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$ |
108,725 |
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$ |
152,038 |
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$ |
118,026 |
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Undistributed Long-Term Capital Gains |
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— |
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— |
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— |
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Total Undistributed Earnings |
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$ |
108,725 |
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$ |
152,038 |
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$ |
118,026 |
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Capital Loss Carryforward (1): |
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Perpetual Long-Term |
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$ |
(318,245 |
) |
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$ |
(297,091 |
) |
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$ |
(138,282 |
) |
Perpetual Short-Term |
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(100,239 |
) |
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(29,987 |
) |
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(12,358 |
) |
Total capital loss carryforwards |
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$ |
(418,484 |
) |
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$ |
(327,078 |
) |
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$ |
(150,640 |
) |
Timing Differences (Organizational Costs, Post-October Capital Loss Deferral and Late Year Ordinary Loss Deferral) |
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(2,216 |
) |
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(24,198 |
) |
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(50,451 |
) |
Unrealized Earnings (Losses)—net |
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(144,720 |
) |
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(174,432 |
) |
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(141,514 |
) |
Total Accumulated Earnings (Losses)—net |
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$ |
(456,695 |
) |
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$ |
(373,670 |
) |
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$ |
(224,579 |
) |
(1)For the years ended December 31, 2025, 2024 and 2023 the Company did not utilize any capital losses.
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| Schedule of Aggregate Unrealized Appreciation and Depreciation on Investments |
The Company’s aggregate unrealized appreciation and depreciation on investments based on cost for U.S. federal income tax purposes were as follows:
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2023 |
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Tax cost |
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$ |
3,439,934 |
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$ |
3,677,186 |
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$ |
3,555,001 |
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Gross unrealized appreciation |
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28,055 |
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36,583 |
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24,511 |
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Gross unrealized depreciation |
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(172,775 |
) |
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(211,015 |
) |
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(166,025 |
) |
Net unrealized investment appreciation (depreciation) on investments |
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$ |
(144,720 |
) |
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$ |
(174,432 |
) |
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$ |
(141,514 |
) |
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| Schedule of Reconciles Net Increase in Net Assets Resulting from Operations to Taxable Income |
The following reconciles net increase in net assets resulting from operations to taxable income:
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For the Years Ended December 31, |
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2025 |
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2024 |
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2023 |
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Net increase in net assets resulting from operations |
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$ |
119,267 |
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$ |
62,867 |
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$ |
195,874 |
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Adjustments: |
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Net unrealized loss (gain) on investments and foreign currency forward contracts and translations |
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(60,390 |
) |
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35,762 |
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(21,214 |
) |
Income not currently taxable |
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10,358 |
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(9,259 |
) |
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(23,098 |
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Income for tax but not book |
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82 |
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|
726 |
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|
484 |
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Expenses not currently deductible |
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4,111 |
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5,791 |
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5,970 |
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Expenses for tax but not for book |
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(282 |
) |
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(68 |
) |
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(1,131 |
) |
Realized gain(loss) differences |
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(318,188 |
) |
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(180,396 |
) |
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(79,145 |
) |
Taxable income net of capital loss carryforward |
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$ |
(245,042 |
) |
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$ |
(84,577 |
) |
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$ |
77,740 |
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Capital loss carryforward |
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418,484 |
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|
327,078 |
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150,640 |
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Taxable income (1) |
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$ |
173,442 |
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$ |
242,501 |
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$ |
228,380 |
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(1)Taxable income is an estimate and is not fully determined until the Company’s tax return is filed.
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