Strong Earnings Performance
Q3 net investment income per share was $0.53, representing an annualized yield of 11.9% on book value. Earnings per share were $0.51, or an annualized return on equity of 11.5%.
Increased Gross Originations
Gross originations during Q3 were $413 million, up 278% year-over-year and approximately 35% from Q2 levels.
Stable Credit Quality
Investments on nonaccrual remain low at 1.1% of the total portfolio at fair value. Credit risk rating trends were stable, with only 4% of the portfolio underperforming.
Attractive Dividend Yield
Declared total Q4 dividends of $0.45 per share, representing a 10.1% annualized rate on ending book value as of September 30, 2024.