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
Mar. 31, 2024
Mar. 31, 2023
INVESTMENT INCOME:    
Interest, fee and dividend income $ 131,606 $ 120,254
EXPENSES:    
Interest (26,776) (24,997)
Compensation (12,259) (11,111)
General and administrative (4,220) (4,077)
Share‑based compensation (4,103) (4,100)
Expenses allocated to the External Investment Manager 5,559 4,998
Total expenses (41,799) (39,287)
NET INVESTMENT INCOME 89,807 80,967
NET REALIZED GAIN (LOSS):    
Total net realized loss (12,367) (28,379)
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation 40,647 35,118
INCOME TAXES:    
Federal and state income, excise and other taxes (2,131) (1,737)
Deferred taxes (8,809) (6,377)
Income tax provision (10,940) (8,114)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 107,147 $ 79,592
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 1.05 $ 1.02
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 1.05 1.02
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 1.26 1.00
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.26 $ 1.00
WEIGHTED AVERAGE SHARES OUTSTANDING—BASIC (in shares) 85,138,530 79,552,200
WEIGHTED AVERAGE SHARES OUTSTANDING—DIILUTED (in shares) 85,138,530 79,552,200
Control investments    
INVESTMENT INCOME:    
Interest, fee and dividend income $ 51,119 $ 48,862
NET REALIZED GAIN (LOSS):    
Total net realized loss 10 (2,966)
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation 32,070 17,161
Affiliate investments    
INVESTMENT INCOME:    
Interest, fee and dividend income 17,728 17,456
NET REALIZED GAIN (LOSS):    
Total net realized loss (7,110) (26,264)
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation 5,925 33,141
Non‑Control/Non‑Affiliate investments    
INVESTMENT INCOME:    
Interest, fee and dividend income 62,759 53,936
NET REALIZED GAIN (LOSS):    
Total net realized loss (5,267) 851
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation $ 2,652 $ (15,184)