v3.25.2
N-2 - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cover [Abstract]                        
Entity Central Index Key 0001418076                      
Amendment Flag false                      
Securities Act File Number 814-00754                      
Document Type 10-Q                      
Entity Registrant Name SLR INVESTMENT CORP.                      
Entity Address, Address Line One 500 Park Avenue                      
Entity Address, City or Town New York                      
Entity Address, State or Province NY                      
Entity Address, Postal Zip Code 10022                      
City Area Code 212                      
Local Phone Number 993-1670                      
Entity Emerging Growth Company false                      
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 1,181,260 $ 390,200 $ 432,900 $ 1,041,093   $ 1,183,250 $ 1,093,200 $ 818,500 $ 677,000 $ 593,900 $ 476,185 $ 541,600
Senior Securities Coverage per Unit [2] $ 1,840 $ 3,354 $ 3,039 $ 1,954   $ 1,834 $ 1,915 $ 2,029 $ 2,259 $ 2,525 $ 2,930 $ 2,702
Preferred Stock Liquidating Preference [3] $ 0 $ 0 $ 0 0   0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Senior Securities, Note [Text Block]

Senior Securities

Information about our senior securities is shown in the following table (in thousands) as of the quarter ended June 30, 2025 and each year ended December 31 for the past ten years, unless otherwise noted. The “—” indicates information which the SEC expressly does not require to be disclosed for certain types of senior securities.

Class and Year

 

Total Amount
Outstanding(1)

 

 

Asset
Coverage
Per Unit(2)

 

 

Involuntary
Liquidating
Preference
Per Unit(3)

 

 

Average
Market Value
Per Unit(4)

Credit Facility

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

$

517,210

 

 

$

806

 

 

 

—

 

 

N/A

Fiscal 2024

 

 

342,043

 

 

 

642

 

 

 

—

 

 

N/A

Fiscal 2023

 

 

407,000

 

 

 

631

 

 

 

—

 

 

N/A

Fiscal 2022

 

 

293,000

 

 

 

513

 

 

 

—

 

 

N/A

Fiscal 2021

 

 

222,500

 

 

 

552

 

 

 

—

 

 

N/A

Fiscal 2020

 

 

126,000

 

 

 

421

 

 

 

—

 

 

N/A

Fiscal 2019

 

 

42,900

 

 

 

182

 

 

 

—

 

 

N/A

Fiscal 2018

 

 

96,400

 

 

 

593

 

 

 

—

 

 

N/A

Fiscal 2017

 

 

245,600

 

 

 

1,225

 

 

 

—

 

 

N/A

Fiscal 2016

 

 

115,200

 

 

 

990

 

 

 

—

 

 

N/A

Fiscal 2015

 

 

207,900

 

 

 

1,459

 

 

 

—

 

 

N/A

SPV Credit Facility

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

 

165,050

 

 

 

257

 

 

 

—

 

 

N/A

Fiscal 2024

 

 

165,050

 

 

 

310

 

 

 

—

 

 

N/A

Fiscal 2023

 

 

206,250

 

 

 

320

 

 

 

—

 

 

N/A

Fiscal 2022

 

 

155,200

 

 

 

272

 

 

 

—

 

 

N/A

2022 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2022

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

Fiscal 2021

 

 

150,000

 

 

 

372

 

 

 

—

 

 

N/A

Fiscal 2020

 

 

150,000

 

 

 

501

 

 

 

—

 

 

N/A

Fiscal 2019

 

 

150,000

 

 

 

638

 

 

 

—

 

 

N/A

Fiscal 2018

 

 

150,000

 

 

 

923

 

 

 

—

 

 

N/A

Fiscal 2017

 

 

150,000

 

 

 

748

 

 

 

—

 

 

N/A

Fiscal 2016

 

 

50,000

 

 

 

430

 

 

 

—

 

 

N/A

2022 Tranche C Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2022

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

Fiscal 2021

 

 

21,000

 

 

 

52

 

 

 

—

 

 

N/A

Fiscal 2020

 

 

21,000

 

 

 

70

 

 

 

—

 

 

N/A

Fiscal 2019

 

 

21,000

 

 

 

89

 

 

 

—

 

 

N/A

Fiscal 2018

 

 

21,000

 

 

 

129

 

 

 

—

 

 

N/A

Fiscal 2017

 

 

21,000

 

 

 

105

 

 

 

—

 

 

N/A

2023 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2023

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

Fiscal 2022

 

 

75,000

 

 

 

131

 

 

 

—

 

 

N/A

Fiscal 2021

 

 

75,000

 

 

 

186

 

 

 

—

 

 

N/A

Fiscal 2020

 

 

75,000

 

 

 

250

 

 

 

—

 

 

N/A

Fiscal 2019

 

 

75,000

 

 

 

319

 

 

 

—

 

 

N/A

Fiscal 2018

 

 

75,000

 

 

 

461

 

 

 

—

 

 

N/A

Fiscal 2017

 

 

75,000

 

 

 

374

 

 

 

—

 

 

N/A

2024 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2024

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

Fiscal 2023

 

 

125,000

 

 

 

194

 

 

 

—

 

 

N/A

Fiscal 2022

 

 

125,000

 

 

 

219

 

 

 

—

 

 

N/A

Fiscal 2021

 

 

125,000

 

 

 

309

 

 

 

—

 

 

N/A

Fiscal 2020

 

 

125,000

 

 

 

417

 

 

 

—

 

 

N/A

Fiscal 2019

 

 

125,000

 

 

 

531

 

 

 

—

 

 

N/A

2025 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

Fiscal 2024

 

 

85,000

 

 

 

159

 

 

 

—

 

 

N/A

Fiscal 2023

 

 

85,000

 

 

 

132

 

 

 

—

 

 

N/A

Fiscal 2022

 

 

85,000

 

 

 

149

 

 

 

—

 

 

N/A

 

 

Class and Year

 

Total Amount
Outstanding(1)

 

 

Asset
Coverage
Per Unit(2)

 

 

Involuntary
Liquidating
Preference
Per Unit(3)

 

 

Average
Market Value
Per Unit(4)

 

2026 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

$

75,000

 

 

$

117

 

 

 

—

 

 

N/A

 

Fiscal 2024

 

 

75,000

 

 

 

141

 

 

 

—

 

 

N/A

 

Fiscal 2023

 

 

75,000

 

 

 

116

 

 

 

—

 

 

N/A

 

Fiscal 2022

 

 

75,000

 

 

 

131

 

 

 

—

 

 

N/A

 

Fiscal 2021

 

 

75,000

 

 

 

186

 

 

 

—

 

 

N/A

 

Fiscal 2020

 

 

75,000

 

 

 

250

 

 

 

—

 

 

N/A

 

Fiscal 2019

 

 

75,000

 

 

 

319

 

 

 

—

 

 

N/A

 

2027 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

 

50,000

 

 

 

78

 

 

 

—

 

 

N/A

 

Fiscal 2024

 

 

50,000

 

 

 

94

 

 

 

—

 

 

N/A

 

Fiscal 2023

 

 

50,000

 

 

 

77

 

 

 

—

 

 

N/A

 

Fiscal 2022

 

 

50,000

 

 

 

88

 

 

 

—

 

 

N/A

 

Fiscal 2021

 

 

50,000

 

 

 

124

 

 

 

—

 

 

N/A

 

2027 Series F Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

 

135,000

 

 

 

210

 

 

 

—

 

 

N/A

 

Fiscal 2024

 

 

135,000

 

 

 

253

 

 

 

—

 

 

N/A

 

Fiscal 2023

 

 

135,000

 

 

 

209

 

 

 

—

 

 

N/A

 

Fiscal 2022

 

 

135,000

 

 

 

237

 

 

 

—

 

 

N/A

 

2027 Series G Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

 

49,000

 

 

 

76

 

 

 

—

 

 

N/A

 

Fiscal 2024

 

 

49,000

 

 

 

92

 

 

 

—

 

 

N/A

 

2028 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

 

50,000

 

 

 

78

 

 

 

—

 

 

N/A

 

2042 Unsecured Notes

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

 

Fiscal 2016

 

 

100,000

 

 

 

859

 

 

 

—

 

 

$

1,002

 

Fiscal 2015

 

 

100,000

 

 

 

702

 

 

 

—

 

 

 

982

 

Senior Secured Notes

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

 

Fiscal 2016

 

 

75,000

 

 

 

645

 

 

 

—

 

 

N/A

 

Fiscal 2015

 

 

75,000

 

 

 

527

 

 

 

—

 

 

N/A

 

Term Loans

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

 

140,000

 

 

 

218

 

 

 

—

 

 

N/A

 

Fiscal 2024

 

 

140,000

 

 

 

263

 

 

 

—

 

 

N/A

 

Fiscal 2023

 

 

100,000

 

 

 

155

 

 

 

—

 

 

N/A

 

Fiscal 2022

 

 

100,000

 

 

 

175

 

 

 

—

 

 

N/A

 

Fiscal 2021

 

 

100,000

 

 

 

248

 

 

 

—

 

 

N/A

 

Fiscal 2020

 

 

75,000

 

 

 

250

 

 

 

—

 

 

N/A

 

Fiscal 2019

 

 

75,000

 

 

 

319

 

 

 

—

 

 

N/A

 

Fiscal 2018

 

 

50,000

 

 

 

308

 

 

 

—

 

 

N/A

 

Fiscal 2017

 

 

50,000

 

 

 

250

 

 

 

—

 

 

N/A

 

Fiscal 2016

 

 

50,000

 

 

 

430

 

 

 

—

 

 

N/A

 

Fiscal 2015

 

 

50,000

 

 

 

351

 

 

 

—

 

 

N/A

 

NEFPASS Facility

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2021

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

 

Fiscal 2020

 

 

30,000

 

 

 

100

 

 

 

—

 

 

N/A

 

Fiscal 2019

 

 

30,000

 

 

 

128

 

 

 

—

 

 

N/A

 

Fiscal 2018

 

 

30,000

 

 

 

185

 

 

 

—

 

 

N/A

 

SSLP Facility

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2019

 

 

—

 

 

 

—

 

 

 

—

 

 

N/A

 

Fiscal 2018

 

 

53,785

 

 

 

331

 

 

 

—

 

 

N/A

 

Total Senior Securities

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 (through June 30, 2025)

 

$

1,181,260

 

 

$

1,840

 

 

 

—

 

 

N/A

 

Fiscal 2024

 

 

1,041,093

 

 

 

1,954

 

 

 

—

 

 

N/A

 

Fiscal 2023

 

 

1,183,250

 

 

 

1,834

 

 

 

—

 

 

N/A

 

Fiscal 2022

 

 

1,093,200

 

 

 

1,915

 

 

 

—

 

 

N/A

 

Fiscal 2021

 

 

818,500

 

 

 

2,029

 

 

 

—

 

 

N/A

 

Fiscal 2020

 

 

677,000

 

 

 

2,259

 

 

 

—

 

 

N/A

 

Fiscal 2019

 

 

593,900

 

 

 

2,525

 

 

 

—

 

 

N/A

 

Fiscal 2018

 

 

476,185

 

 

 

2,930

 

 

 

—

 

 

N/A

 

Fiscal 2017

 

 

541,600

 

 

 

2,702

 

 

 

—

 

 

N/A

 

Fiscal 2016

 

 

390,200

 

 

 

3,354

 

 

 

—

 

 

N/A

 

Fiscal 2015

 

 

432,900

 

 

 

3,039

 

 

 

—

 

 

N/A

 

 

 

(1)
Total amount of each class of senior securities outstanding (in thousands) at the end of the period presented.
(2)
The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by all senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the Asset Coverage Per Unit. In order to determine the specific Asset Coverage Per Unit for each class of debt, the total Asset Coverage Per Unit is allocated based on the amount outstanding in each class of debt at the end of the period. As of June 30, 2025, asset coverage was 184.0%.
(3)
The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it.
(4)
Not applicable except for the 2042 Unsecured Notes which were publicly traded. The Average Market Value Per Unit is calculated by taking the daily average closing price during the period and dividing it by twenty-five dollars per share and multiplying the result by one thousand to determine a unit price per thousand consistent with Asset Coverage Per Unit. The average market value for the fiscal 2016 and 2015 periods was $100,175 and $98,196, respectively.
                     
General Description of Registrant [Abstract]                        
Investment Objectives and Practices [Text Block]

Portfolio and Investment Activity

During the three months ended June 30, 2025, we invested approximately $333.3 million across 33 portfolio companies. This compares to investing approximately $92.1 million in 24 portfolio companies during the three months ended June 30, 2024. Investments sold, prepaid or repaid during the three months ended June 30, 2025 totaled approximately $209.4 million versus approximately $93.0 million for the three months ended June 30, 2024.

At June 30, 2025, our portfolio consisted of 115 portfolio companies and was invested 24.6% in cash flow senior secured loans, 44.8% in asset-based senior secured loans / SLR Credit Solutions (“SLR Credit”) / SLR Healthcare ABL / SLR Business Credit, 19.1% in equipment senior secured financings / SLR Equipment Finance (“SLR Equipment”) / Kingsbridge Holdings, LLC (“KBH”) and 11.5% in life science investments, in each case, measured at fair value, versus 138 portfolio companies invested 33.7% in cash flow senior secured loans, 28.9% in asset-based senior secured loans / SLR Credit / SLR Healthcare ABL / SLR Business Credit, 21.2% in equipment senior secured financings / SLR Equipment / KBH, and 16.2% in life science investments, in each case, measured at fair value, at June 30, 2024.

At June 30, 2025, 82.9%, or $1.75 billion, of our income producing investment portfolio* was floating rate and 17.1%, or $359.8 million, was fixed rate, measured at fair value. At June 30, 2024, 82.7%, or $1.74 billion, of our income producing investment portfolio* was floating rate and 17.3%, or $365.0 million, was fixed rate, measured at fair value. As of June 30, 2025 and 2024, we had one and one issuers, respectively, on non-accrual status.

* We have included SLR Credit Solutions, SLR Equipment Finance, SLR Healthcare ABL, SLR Business Credit and Kingsbridge Holdings, LLC within our income producing investment portfolio. 		                     
Risk Factors [Table Text Block]

Item 1A. Risk Factors

In addition to the other information set forth in this report, you should carefully consider the factors discussed in “Risk Factors” in the February 25, 2025 filing of our Annual Report on Form 10-K (the “Annual Report”) , which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results. There have been no material changes during the period ended June 30, 2025 to the risk factors discussed in “Risk Factors” in the February 25, 2025 filing of our Annual Report on Form 10-K.

                     
NAV Per Share $ 18.19     $ 18.2 $ 18.2 $ 18.09            
Credit Facility [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 517,210 $ 115,200 $ 207,900 $ 342,043   $ 407,000 $ 293,000 $ 222,500 $ 126,000 $ 42,900 $ 96,400 $ 245,600
Senior Securities Coverage per Unit [2] $ 806 $ 990 $ 1,459 $ 642   $ 631 $ 513 $ 552 $ 421 $ 182 $ 593 $ 1,225
Preferred Stock Liquidating Preference [3] $ 0 $ 0 $ 0 $ 0   $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
SPV Credit Facility [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 165,050     $ 165,050   $ 206,250 $ 155,200          
Senior Securities Coverage per Unit [2] $ 257     $ 310   $ 320 $ 272          
Preferred Stock Liquidating Preference [3] $ 0     $ 0   $ 0 $ 0          
2022 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]   $ 50,000         $ 0 $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 150,000
Senior Securities Coverage per Unit [2]   $ 430         $ 0 $ 372 $ 501 $ 638 $ 923 $ 748
Preferred Stock Liquidating Preference [3]   $ 0         $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
2022 Tranche C Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]             $ 0 $ 21,000 $ 21,000 $ 21,000 $ 21,000 $ 21,000
Senior Securities Coverage per Unit [2]             $ 0 $ 52 $ 70 $ 89 $ 129 $ 105
Preferred Stock Liquidating Preference [3]             $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
2023 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]           $ 0 $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 75,000
Senior Securities Coverage per Unit [2]           $ 0 $ 131 $ 186 $ 250 $ 319 $ 461 $ 374
Preferred Stock Liquidating Preference [3]           $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
2024 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]       $ 0   $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ 125,000    
Senior Securities Coverage per Unit [2]       $ 0   $ 194 $ 219 $ 309 $ 417 $ 531    
Preferred Stock Liquidating Preference [3]       $ 0   $ 0 $ 0 $ 0 $ 0 $ 0    
2025 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 0     $ 85,000   $ 85,000 $ 85,000          
Senior Securities Coverage per Unit [2] $ 0     $ 159   $ 132 $ 149          
Preferred Stock Liquidating Preference [3] $ 0     $ 0   $ 0 $ 0          
2026 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 75,000     $ 75,000   $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 75,000    
Senior Securities Coverage per Unit [2] $ 117     $ 141   $ 116 $ 131 $ 186 $ 250 $ 319    
Preferred Stock Liquidating Preference [3] $ 0     $ 0   $ 0 $ 0 $ 0 $ 0 $ 0    
2027 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 50,000     $ 50,000   $ 50,000 $ 50,000 $ 50,000        
Senior Securities Coverage per Unit [2] $ 78     $ 94   $ 77 $ 88 $ 124        
Preferred Stock Liquidating Preference [3] $ 0     $ 0   $ 0 $ 0 $ 0        
2027 Series F Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 135,000     $ 135,000   $ 135,000 $ 135,000          
Senior Securities Coverage per Unit [2] $ 210     $ 253   $ 209 $ 237          
Preferred Stock Liquidating Preference [3] $ 0     $ 0   $ 0 $ 0          
2027 Series G Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 49,000     $ 49,000                
Senior Securities Coverage per Unit [2] $ 76     $ 92                
Preferred Stock Liquidating Preference [3] $ 0     $ 0                
2028 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 50,000                      
Senior Securities Coverage per Unit [2] $ 78                      
Preferred Stock Liquidating Preference [3] $ 0                      
2042 Unsecured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]   $ 100,000 $ 100,000                 $ 0
Senior Securities Coverage per Unit [2]   $ 859 $ 702                 $ 0
Preferred Stock Liquidating Preference [3]   0 0                 $ 0
Senior Securities Average Market Value per Unit [4]   $ 1,002 $ 982                  
Senior Secured Notes [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]   $ 75,000 $ 75,000                 $ 0
Senior Securities Coverage per Unit [2]   $ 645 $ 527                 $ 0
Preferred Stock Liquidating Preference [3]   $ 0 $ 0                 $ 0
Term Loans [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1] $ 140,000 $ 50,000 $ 50,000 $ 140,000   $ 100,000 $ 100,000 $ 100,000 $ 75,000 $ 75,000 $ 50,000 $ 50,000
Senior Securities Coverage per Unit [2] $ 218 $ 430 $ 351 $ 263   $ 155 $ 175 $ 248 $ 250 $ 319 $ 308 $ 250
Preferred Stock Liquidating Preference [3] $ 0 $ 0 $ 0 $ 0   $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
NEFPASS Facility [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]               $ 0 $ 30,000 $ 30,000 $ 30,000  
Senior Securities Coverage per Unit [2]               $ 0 $ 100 $ 128 $ 185  
Preferred Stock Liquidating Preference [3]               $ 0 $ 0 $ 0 $ 0  
SSLP Facility [Member]                        
Financial Highlights [Abstract]                        
Senior Securities Amount [1]                   $ 0 $ 53,785  
Senior Securities Coverage per Unit [2]                   $ 0 $ 331  
Preferred Stock Liquidating Preference [3]                   $ 0 $ 0  
[1] Total amount of each class of senior securities outstanding (in thousands) at the end of the period presented.
[2] The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by all senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the Asset Coverage Per Unit. In order to determine the specific Asset Coverage Per Unit for each class of debt, the total Asset Coverage Per Unit is allocated based on the amount outstanding in each class of debt at the end of the period. As of June 30, 2025, asset coverage was 184.0%.
[3] The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it.
[4] Not applicable except for the 2042 Unsecured Notes which were publicly traded. The Average Market Value Per Unit is calculated by taking the daily average closing price during the period and dividing it by twenty-five dollars per share and multiplying the result by one thousand to determine a unit price per thousand consistent with Asset Coverage Per Unit. The average market value for the fiscal 2016 and 2015 periods was $100,175 and $98,196, respectively.