Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income:    
Total interest and dividend income $ 115,779 $ 99,897
Total fee income 5,774 5,193
Total investment income 121,553 105,090
Operating expenses:    
Interest 17,624 16,625
Loan fees 2,397 2,329
General and administrative 5,058 4,126
Tax expenses 711 1,387
Employee compensation:    
Compensation and benefits 16,344 14,617
Stock-based compensation 3,134 3,186
Total employee compensation 19,478 17,803
Total gross operating expenses 45,268 42,270
Expenses allocated to the Adviser Subsidiary (2,877) (2,679)
Total net operating expenses 42,391 39,591
Net investment income 79,162 65,499
Net realized gain (loss):    
Total net realized gain (loss) 8,168 7,960
Net change in unrealized appreciation (depreciation):    
Total net change in unrealized appreciation (depreciation) 3,634 21,105
Total net realized gain (loss) and net change in unrealized appreciation (depreciation) 11,802 29,065
Net increase (decrease) in net assets resulting from operations $ 90,964 $ 94,564
Net investment income before gains and losses per common share:    
Basic (in dollars per share) $ 0.50 $ 0.48
Change in net assets resulting from operations per common share:    
Basic (in dollars per share) 0.57 0.69
Diluted (in dollars per share) $ 0.57 $ 0.68
Weighted average shares outstanding:    
Basic (in shares) 157,445 135,252
Diluted (in shares) 157,920 137,056
Distributions paid per common share:    
Basic (in dollars per share) $ 0.48 $ 0.47
Non-control/Non-affiliate investments    
Investment income:    
Total interest and dividend income $ 112,822 $ 98,781
Total fee income 5,738 5,174
Net realized gain (loss):    
Total net realized gain (loss) 8,168 7,960
Net change in unrealized appreciation (depreciation):    
Total net change in unrealized appreciation (depreciation) 6,463 12,259
Control investments    
Investment income:    
Total interest and dividend income 2,957 1,116
Total fee income 36 19
Total investment income 2,993 1,135
Net realized gain (loss):    
Total net realized gain (loss) 0 0
Net change in unrealized appreciation (depreciation):    
Total net change in unrealized appreciation (depreciation) $ (2,829) $ 8,846