Financial Highlights (Tables)
|9 Months Ended|
Sep. 30, 2022
|Investment Company Financial Highlights [Abstract]|
|Schedule of Financial Highlights||
Following is a schedule of financial highlights for the nine months ended September 30, 2022 and 2021:
All per share activity is calculated based on the weighted average shares outstanding for the relevant period, except net increase (decrease) in net assets from capital share transactions, which is based on the common shares outstanding as of the relevant balance sheet date.
Stock option expense is a non-cash expense that has no effect on net asset value. Pursuant to ASC Topic 718, net investment income includes the expense associated with the granting of stock options which is offset by a corresponding increase in paid-in capital.
The total return for the nine months ended September 30, 2022, and 2021, equals the change in the ending market value over the beginning of the period price per share plus distributions paid per share during the period, divided by the beginning price assuming the distribution is reinvested on the date of the distribution. As such, the total return is not annualized. The total return does not reflect any sales load that must be paid by investors.
The ratios are calculated based on weighted average net assets for the relevant period and are annualized.
The portfolio turnover rate for the nine months ended September 30, 2022, and 2021, equals the lesser of investment portfolio purchases or sales during the period, divided by the average investment portfolio value during the period. As such, portfolio turnover rate is not annualized.
Includes distributions on unvested restricted stock awards.
Tabular disclosure of financial highlights. Includes, but is not limited to, per share information, income and expense ratios, total return, capital commitment and fee waiver.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef