Financial Performance - Net investment income per share for Q4 2024 was $0.35, while earnings per share were $0.10[9] - The net asset value per share decreased by $0.30, or 1.9%, to $15.43 as of December 31, 2024, primarily due to mark-to-market adjustments[9] - The company declared a Q4 2024 base distribution of $0.36 per share and a year-end special distribution of $0.05 per share[9] Debt and Leverage - As of December 31, 2024, the company had $1.12 billion in total principal amount of debt outstanding, with 38% as senior secured bank debt and 62% as unsecured debt[9] - The net debt-to-equity ratio was 1.27x as of December 31, 2024, compared to 1.18x as of September 30, 2024[9] - The company issued $172.5 million of 7.50% unsecured notes due 2029[9] Investment Portfolio - Total investments at fair value were $1.82 billion across 105 portfolio companies in 24 industries as of December 31, 2024[9] - Senior secured loans comprised 86.1% of the investment portfolio, with 86.0% in first lien investments[9] - Investments on non-accrual status were 1.41% of the total investment portfolio at fair value[9] - New investment commitments for the quarter were $106 million, of which $100 million were funded[12]

Financial Performance - Net investment income per share was $0.48 ($0.49 excluding excise taxes)[6] - Net asset value per share was $16.70[6] - Annualized ROE on net investment income was 11.5% (11.8% excluding excise taxes)[6] - The company declared a 4Q'24 regular dividend per share of $0.40, resulting in an annualized dividend yield of approximately 9.6%[6] Portfolio Composition - The total fair value of the portfolio was approximately $2.0 billion, invested in 110 companies[6] - The weighted average yield at amortized cost of debt investments was 10.7%[6] - Approximately 98% of the portfolio consisted of first-lien loans[6] - Non-accrual investments represented 1.3% of the portfolio based on fair value[6] Balance Sheet and Liquidity - The outstanding debt balance was $858 million, with a quarter-end debt-to-equity ratio of 0.72x[6] - Total liquidity was $513 million, including $71 million in cash and $442 million in undrawn committed debt capacity[6]