| Schedule of Net Assets |
The table below illustrates the effect of certain transactions on the net asset accounts of the Company during the three and nine months ended September 30, 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated Overdistributed Earnings | | | | | | | | | Common Stock | | Paid in Capital in Excess | | Accumulated Net Investment | | Accumulated Net Realized | | Net Unrealized Appreciation | | Total Net Assets | | Non- Controlling Interest in | | Total | | | Shares | | Par Amount | | of Par | | Income | | (Losses) Gains | | (Depreciation) | | of NMFC | | NMNLC | | Net Assets | | Net assets at December 31, 2022 | 100,937,026 | | | $ | 1,009 | | | $ | 1,305,945 | | | $ | 147,593 | | | $ | (68,072) | | | $ | (72,002) | | | $ | 1,314,473 | | | $ | 11,718 | | | $ | 1,326,191 | | | Issuances of common stock | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | |
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| Offering costs | — | | | — | | | (56) | | | — | | | — | | | — | | | (56) | | | — | | | (56) | | | Distributions declared | — | | | — | | | — | | | (32,300) | | | — | | | — | | | (32,300) | | | (153) | | | (32,453) | | |
| Net increase in net assets resulting from operations | — | | | — | | | — | | | 38,113 | | | 677 | | | 5,783 | | | 44,573 | | | 239 | | | 44,812 | | | Net assets at March 31, 2023 | 100,937,026 | | | $ | 1,009 | | | $ | 1,305,889 | | | $ | 153,406 | | | $ | (67,395) | | | $ | (66,219) | | | $ | 1,326,690 | | | $ | 11,804 | | | $ | 1,338,494 | | | Issuances of common stock | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Offering costs | — | | | — | | | (91) | | | — | | | — | | | — | | | (91) | | | — | | | (91) | | | Distributions declared | — | | | — | | | — | | | (35,328) | | | — | | | — | | | (35,328) | | | (191) | | | (35,519) | | |
| Net increase (decrease) in net assets resulting from operations | — | | | — | | | — | | | 39,678 | | | 2,567 | | | (7,415) | | | 34,830 | | | 248 | | | 35,078 | | | Net assets at June 30, 2023 | 100,937,026 | | | $ | 1,009 | | | $ | 1,305,798 | | | $ | 157,756 | | | $ | (64,828) | | | $ | (73,634) | | | $ | 1,326,101 | | | $ | 11,861 | | | $ | 1,337,962 | | | Issuances of common stock | 502,623 | | | 5 | | | 6,620 | | | — | | | — | | | — | | | 6,625 | | | — | | | 6,625 | | | Offering costs | — | | | — | | | (66) | | | — | | | — | | | — | | | (66) | | | — | | | (66) | | | Distributions declared | — | | | — | | | — | | | (36,338) | | | — | | | — | | | (36,338) | | | (188) | | | (36,526) | | |
| Net increase (decrease) in net assets resulting from operations | — | | | — | | | — | | | 40,445 | | | 4,673 | | | (16,422) | | | 28,696 | | | 3 | | | 28,699 | | | Net assets at September 30, 2023 | 101,439,649 | | | $ | 1,014 | | | $ | 1,312,352 | | | $ | 161,863 | | | $ | (60,155) | | | $ | (90,056) | | | $ | 1,325,018 | | | $ | 11,676 | | | $ | 1,336,694 | | |
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The table below illustrates the effect of certain transactions on the net asset accounts of the Company during the three and nine months ended September 30, 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated Undistributed (Overdistributed) Earnings | | | | | | | | | Common Stock | | Paid in Capital in Excess | | Accumulated Net Investment | | Accumulated Net Realized (Losses) | | Net Unrealized Appreciation | | Total Net Assets | | Non-Controlling Interest in | | Total | | | Shares | | Par Amount | | of Par | | Income | | Gains | | (Depreciation) | | of NMFC | | NMNLC | | Net Assets | | Net assets at December 31, 2021 | 97,907,441 | | | $ | 979 | | | $ | 1,272,796 | | | $ | 118,330 | | | $ | (92,099) | | | $ | 21,239 | | | $ | 1,321,245 | | | $ | 21,367 | | | $ | 1,342,612 | | | Issuances of common stock | 1,591,121 | | | 16 | | | 21,556 | | | — | | | — | | | — | | | 21,572 | | | — | | | 21,572 | | |
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| Offering costs | — | | | — | | | (52) | | | — | | | — | | | — | | | (52) | | | — | | | (52) | | | Distributions declared | — | | | — | | | — | | | (29,589) | | | — | | | — | | | (29,589) | | | (3,750) | | | (33,339) | | |
| Net increase (decrease) in net assets resulting from operations | — | | | — | | | — | | | 29,573 | | | 17,596 | | | (10,977) | | | 36,192 | | | 855 | | | 37,047 | | | Net assets at March 31, 2022 | 99,498,562 | | | $ | 995 | | | $ | 1,294,300 | | | $ | 118,314 | | | $ | (74,503) | | | $ | 10,262 | | | $ | 1,349,368 | | | $ | 18,472 | | | $ | 1,367,840 | | | Issuances of common stock | 1,218,366 | | | 12 | | 16,565 | | | — | | | — | | | — | | | 16,577 | | | — | | | 16,577 | | |
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| Offering costs | — | | | — | | | (74) | | | — | | | — | | | — | | | (74) | | | — | | | (74) | | | Distributions declared | — | | | — | | | — | | | (30,215) | | | — | | | — | | | (30,215) | | | (4,190) | | | (34,405) | | | Contributions related to non-controlling interest in NMNLC | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 123 | | | 123 | | | Net increase (decrease) in net assets resulting from operations | — | | | — | | | — | | | 31,396 | | | 14,849 | | | (30,291) | | | 15,954 | | | (814) | | | 15,140 | | | Net assets at June 30, 2022 | 100,716,928 | | | $ | 1,007 | | | $ | 1,310,791 | | | $ | 119,495 | | | $ | (59,654) | | | $ | (20,029) | | | $ | 1,351,610 | | | $ | 13,591 | | | $ | 1,365,201 | | | Issuances of common stock | 220,098 | | | 2 | | | 2,953 | | | — | | | — | | | — | | | 2,955 | | | — | | | 2,955 | | |
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| Offering costs | — | | | — | | | (34) | | | — | | | — | | | — | | | (34) | | | — | | | (34) | | | Distributions declared | — | | | — | | | — | | | (30,281) | | | — | | | — | | | (30,281) | | | (257) | | | (30,538) | | |
| Net increase (decrease) in net assets resulting from operations | — | | | — | | | — | | | 32,527 | | | (390) | | | (24,432) | | | 7,705 | | | (191) | | | 7,514 | | | Net assets at September 30, 2022 | 100,937,026 | | | $ | 1,009 | | | $ | 1,313,710 | | | $ | 121,741 | | | $ | (60,044) | | | $ | (44,461) | | | $ | 1,331,955 | | | $ | 13,143 | | | $ | 1,345,098 | |
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