Nine months ended September 30, 2023
 (Unaudited) *

Nine months ended September 30, 2022
 (Unaudited) *

Net asset value, beginning of period

22.36

23.54

Income (loss) from operations (1):

Net investment income

0.78

1.24

Net realized gains

0.28

0.27

Net unrealized appreciation (depreciation)

1.05

(1.98

)

Increase (decrease) in net assets from operations

2.11

(0.47

)

Payment of cash dividend

(0.70

)

(0.45

)

Increase (decrease) in net assets

1.41

(0.92

)

Net asset value, end of period

$

23.77

$

22.62

Per share market price, end of period

$

13.17

$

14.65

Total return based on market value (2)

4.13

%

(13.80

)%

Total return based on net asset value (3)

9.42

%

(3.90

)%

Supplemental data:

Ratio of expenses before income taxes to average net assets (4)

7.09

%

1.68

%

Ratio of expenses including income taxes to average net assets (4)

8.23

%

1.87

%

Ratio of net investment income to average net assets (4)

4.49

%

9.03

%

Portfolio turnover

26.52

%

5.08

%

Debt/equity ratio

22.41

%

—

%

Net assets, end of period

$

61,352,277

$

57,664,184