Net asset value per share increased to $3.23 from $3.09 at the end of 2024. Chief Executive Officer, Douglas Polinsky, commented: “Our first quarter results reflect continued execution in our lending business. The combination of healthy investment income, strong credit performance, and an opportunistic buyback of our shares at a discount to NAV underscores our focus on shareholder value creation. We remain optimistic about the remainder of 2025 as loan demand continues to be strong and our investment pipeline remains active.”
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