Annual report [Section 13 and 15(d), not S-K Item 405]

ORGANIZATION AND BASIS OF PRESENTATION (Tables)

v3.25.4
ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments The impact of the adjustments on the Consolidated Statement of Operations for the years ended December 31, 2024 and 2023 is as follows:
Year Ended December 31, 2024
As Previously Reported Adjustments As Revised
(in thousands, except per share amounts)
Net investment income before taxes $ 355,059  $ —  $ 355,059 
Excise tax expense —  (5,851) (5,851)
Federal and state income and other tax expenses —  (7,807) (7,807)
Net investment income 355,059  (13,658) 341,401 
Net investment income per share $ 4.09  $ (0.16) $ 3.93 
Income tax provision on net realized gain (loss) and net unrealized appreciation $ —  $ (16,975) $ (16,975)
Total income tax provision $ (30,633) $ 30,633  $ — 
Year Ended December 31, 2023
As Previously Reported Adjustments As Revised
(in thousands, except per share amounts)
Net investment income before taxes $ 339,019  $ —  $ 339,019 
Excise tax expense —  (3,190) (3,190)
Federal and state income and other tax expenses —  (5,087) (5,087)
Net investment income 339,019  (8,277) 330,742 
Net investment income per share $ 4.14  $ (0.10) $ 4.04 
Income tax provision on net realized gain (loss) and net unrealized appreciation $ —  $ (14,365) $ (14,365)
Total income tax provision $ (22,642) $ 22,642  $ —