v3.25.2
Consolidated Statements of Assets and Liabilities - USD ($)
May 31, 2025
Feb. 28, 2025
Investments at fair value    
Investments at fair value $ 968,317,962 $ 978,077,750
Cash and cash equivalents 131,562,513 148,218,491
Cash and cash equivalents, reserve accounts 92,724,212 56,505,433
Interest receivable (net of reserve of $264,278 and $210,319, respectively) 8,000,745 7,477,468
Management fee receivable 294,307 314,193
Other assets 1,369,594 950,522
Total assets 1,202,269,333 1,191,543,857
LIABILITIES    
Revolving credit facilities 70,000,000 52,500,000
Base management and incentive fees payable 6,869,845 6,230,944
Deferred tax liability 4,994,417 4,889,329
Payable from open trades 6,750,000
Accounts payable and accrued expenses 1,556,106 1,676,335
Interest and debt fees payable 4,598,538 3,909,517
Due to Manager 553,706 349,189
Total liabilities 805,900,018 798,878,389
Commitments and contingencies (See Note 9)
NET ASSETS    
Common stock, par value $0.001, 100,000,000 common shares authorized, 15,529,391 and 15,183,078 common shares issued and outstanding, respectively 15,529 15,183
Capital in excess of par value 421,664,914 412,913,597
Total distributable deficit (25,311,128) (20,263,312)
Total net assets 396,369,315 392,665,468
Total liabilities and net assets $ 1,202,269,333 $ 1,191,543,857
NET ASSET VALUE PER SHARE (in Dollars per share) $ 25.52 $ 25.86
Debentures payable    
LIABILITIES    
Deferred debt financing costs $ (3,831,484) $ (4,041,026)
Notes Payable 170,000,000 170,000,000
8.75% Notes Payable 2025    
LIABILITIES    
Deferred debt financing costs (374)
Notes Payable 20,000,000
Discount on notes payable (9,055)
7.00% Notes Payable 2025    
LIABILITIES    
Deferred debt financing costs (4,346) (8,345)
Notes Payable 12,000,000 12,000,000
Discount on notes payable (35,844) (68,589)
7.75% Notes Payable 2025    
LIABILITIES    
Deferred debt financing costs (5,860) (19,685)
Notes Payable 5,000,000 5,000,000
4.375% Notes Payable 2026    
LIABILITIES    
Deferred debt financing costs (653,235) (865,593)
Notes Payable 175,000,000 175,000,000
Premium on 4.375% notes payable 2026 226,581 287,848
4.35% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (601,980) (688,786)
Notes Payable 75,000,000 75,000,000
Discount on notes payable (180,419) (213,424)
6.25% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (184,171) (202,144)
Notes Payable 15,000,000 15,000,000
6.00% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (1,347,571) (1,524,089)
Notes Payable 105,500,000 105,500,000
Discount on notes payable (77,798) (87,295)
8.00% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (840,029) (927,484)
Notes Payable 46,000,000 46,000,000
8.125% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (1,053,557) (1,156,234)
Notes Payable 60,375,000 60,375,000
8.50% Notes Payable 2028    
LIABILITIES    
Deferred debt financing costs (1,170,572) (1,273,134)
Notes Payable 57,500,000 57,500,000
Non-control/Non-affiliate investments    
Investments at fair value    
Investments at fair value 875,410,787 897,660,110
Affiliate investments    
Investments at fair value    
Investments at fair value 52,023,563 40,547,432
Control investments    
Investments at fair value    
Investments at fair value 40,883,612 39,870,208
Revolving credit facilities    
LIABILITIES    
Deferred debt financing costs $ (1,037,309) $ (1,254,516)