The weighted average yield on debt investments remains strong at 13.2%, generating a substantial spread over Fidus's own weighted average borrowing cost of 4.8%. The balance sheet is well-structured with $67.5 million in cash, $140 million in unused credit facility capacity, and diversified long-term debt with staggered maturities between 2026 and 2030. This financial flexibility supports their declared Q2 2025 dividend of $0.54 per share ($0.43 base + $0.11 supplemental), which is further backed by substantial spillover income of $47.4 million ($1.36 per share). Portfolio construction favors variable rate investments (72.8% of debt investments), which helps maintain yield in the current interest rate environment while providing protection against further rate increases.