v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS AND TEMPORARY EQUITY - USD ($)
$ in Thousands
Total
Conversion Of Convertible Preferred Stock
Conversion of Convertible Debt
Common Stock
Common Stock
Conversion Of Convertible Preferred Stock
Common Stock
Conversion of Convertible Debt
Paid-in capital in excess of par
Paid-in capital in excess of par
Conversion Of Convertible Preferred Stock
Paid-in capital in excess of par
Conversion of Convertible Debt
Distributions in excess of earnings
Beginning balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2022 29,607,882                  
Beginning balance, temporary equity at Jun. 30, 2022 $ 692,076                  
Capital Transactions                    
Issuance of preferred stock (in shares) 33,450,286                  
Issuance of preferred stock $ 748,223                  
Repurchase of preferred stock (in shares) (37,346)                  
Repurchase of preferred stock $ (900)                  
Value of shares issued through reinvestment of dividends (in shares) 60,629                  
Value of shares issued through reinvestment of dividends $ 1,514                  
Conversion of preferred stock to common stock (in shares) (979,442)                  
Conversion of preferred stock to common stock $ (22,894)                  
Net decrease in preferred dividend accrual $ (5)                  
Total increase (decrease) (in shares) 32,494,127                  
Total increase (decrease) $ 725,938                  
Ending balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2023 62,102,009                  
Ending balance, temporary equity at Jun. 30, 2023 $ 1,418,014                  
Beginning of period, Net Assets at Jun. 30, 2022 $ 4,119,123     $ 393     $ 4,050,370     $ 68,360
Beginning balance, Common stock, shares outstanding (in shares) at Jun. 30, 2022 393,164,437     393,164,437            
Net Increase (Decrease) in Net Assets and Temporary Equity Resulting from Operations:                    
Net investment income $ 420,929                 420,929
Net realized losses (40,905)                 (40,905)
Net change in unrealized gains (losses) (481,344)                 (481,344)
Distributions to Shareholders                    
Distributions from earnings (Note 16) (320,015)                 (320,015)
Return of capital to common stockholders(Note 12) (38,379)           (38,379)      
Capital Transactions                    
Value of shares issued through reinvestment of dividends 50,359     $ 7     50,352      
Value of shares issued through reinvestment of dividends (in shares)       7,474,975            
Conversion of preferred stock to common stock   $ 22,894 $ 3   $ 4     $ 22,890 $ 3  
Conversion of preferred stock to common stock (in shares)         3,393,837 300        
Tax reclassifications of net assets (Note 12) 0           (29)     29
Total increase (decrease) during period (386,458)     $ 11     34,837     (421,306)
Total increase (decrease) during period (in shares)       10,869,112            
End of period, Net Assets at Jun. 30, 2023 $ 3,732,665     $ 404     4,085,207     (352,946)
Ending balance, Common stock, shares outstanding (in shares) at Jun. 30, 2023 404,033,549     404,033,549            
Capital Transactions                    
Issuance of preferred stock (in shares) 11,311,600                  
Issuance of preferred stock $ 250,775                  
Accretion of preferred stock to redemption value $ 12,110                  
Repurchase of preferred stock (in shares) (711,497)                  
Repurchase of preferred stock $ (17,155)                  
Value of shares issued through reinvestment of dividends (in shares) 143,210                  
Value of shares issued through reinvestment of dividends $ 3,417                  
Conversion of preferred stock to common stock (in shares) (3,379,195)                  
Conversion of preferred stock to common stock $ (80,829)                  
Net decrease in preferred dividend accrual $ (144)                  
Total increase (decrease) (in shares) 7,364,118                  
Total increase (decrease) $ 168,174                  
Ending balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2024 69,466,127                  
Ending balance, temporary equity at Jun. 30, 2024 $ 1,586,188                  
Net Increase (Decrease) in Net Assets and Temporary Equity Resulting from Operations:                    
Net investment income 419,836                 419,836
Net realized losses (435,020)                 (435,020)
Net change in unrealized gains (losses) 260,689                 260,689
Distributions to Shareholders                    
Distributions from earnings (Note 16) [1] (328,243)                 (328,243)
Return of capital to common stockholders(Note 12) [1] (67,479)           (67,479)      
Capital Transactions                    
Value of shares issued through reinvestment of dividends 37,399     $ 8     37,391      
Value of shares issued through reinvestment of dividends (in shares)       6,736,142            
Conversion of preferred stock to common stock   91,886     $ 13     91,873    
Conversion of preferred stock to common stock (in shares)         14,077,272          
Tax reclassifications of net assets (Note 12) 0           595     (595)
Total increase (decrease) during period (20,932)     $ 21     62,380     (83,333)
Total increase (decrease) during period (in shares)       20,813,414            
End of period, Net Assets at Jun. 30, 2024 $ 3,711,733     $ 425     4,147,587     (436,279)
Ending balance, Common stock, shares outstanding (in shares) at Jun. 30, 2024 424,846,963     424,846,963            
Capital Transactions                    
Issuance of preferred stock (in shares) 5,784,937                  
Issuance of preferred stock $ 128,272                  
Accretion of preferred stock to redemption value $ 15,079                  
Repurchase of preferred stock (in shares) (91,183)                  
Repurchase of preferred stock $ (2,280)                  
Value of shares issued through reinvestment of dividends (in shares) 164,116                  
Value of shares issued through reinvestment of dividends $ 3,919                  
Conversion of preferred stock to common stock (in shares) (4,408,060)                  
Conversion of preferred stock to common stock $ (101,258)                  
Net decrease in preferred dividend accrual $ (20)                  
Total increase (decrease) (in shares) 1,449,810                  
Total increase (decrease) $ 43,712                  
Ending balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2025 70,915,937                  
Ending balance, temporary equity at Jun. 30, 2025 $ 1,629,900                  
Net Increase (Decrease) in Net Assets and Temporary Equity Resulting from Operations:                    
Net investment income 338,840                 338,840
Net realized losses (534,726)                 (534,726)
Net change in unrealized gains (losses) (291,054)                 (291,054)
Distributions to Shareholders                    
Distributions from earnings (Note 16) [1] (360,488)                 (360,488)
Return of capital to common stockholders(Note 12) [1] (10,394)           (10,394)      
Capital Transactions                    
Value of shares issued through reinvestment of dividends 31,533     $ 7     31,526      
Value of shares issued through reinvestment of dividends (in shares)       7,505,661            
Conversion of preferred stock to common stock   $ 103,328     $ 24     $ 103,304    
Conversion of preferred stock to common stock (in shares)         23,550,202          
Tax reclassifications of net assets (Note 12) 0           (29,827)     29,827
Total increase (decrease) during period (722,961)     $ 31     94,609     (817,601)
Total increase (decrease) during period (in shares)       31,055,863            
End of period, Net Assets at Jun. 30, 2025 $ 2,988,772     $ 456     $ 4,242,196     $ (1,253,880)
Ending balance, Common stock, shares outstanding (in shares) at Jun. 30, 2025 455,902,826     455,902,826            
[1] (1) Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates, if any, for the current tax year ended August 31, 2025. See Note 2 and Note 12 within the accompanying notes to consolidated financial statements for further discussion on tax reclassification of net assets and tax basis components of dividends.