v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
Statement of Cash Flows [Abstract]      
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 36,604,298 $ 28,086,257 $ 8,933,825
FROM OPERATIONS TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:      
Distributions from CLO, payment-in-kind and other adjustments to cost (2,584,775) (3,566,012) 4,910,320
Net accretion of discount on investments (3,097,921) (2,809,163) (2,221,257)
Amortization of deferred debt financing costs 4,802,167 5,025,786 5,171,249
Realized losses on extinguishment of debt 824,010 800,452 110,056
Income tax expense (benefit) (196,309) 37,243 42,926
Net realized (gain) loss from investments (5,746,490) 42,029,324 (153,583)
Net change in unrealized (appreciation) depreciation on investments 5,238,480 (18,974,366) 47,090,844
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments (113,498) 1,060,936 893,166
Proceeds from sales and repayments of investments 184,636,335 312,113,685 30,271,047
Purchases of investments (309,501,690) (168,077,429) (246,100,906)
(Increase) decrease in operating assets:      
Interest receivable 163,415 2,821,530 (2,139,047)
Management fee receivable 64,473 28,830 20,786
Other assets 168,756 212,703 (631,887)
Current income tax receivable 99,676 336,875
Increase (decrease) in operating liabilities:      
Base management and incentive fees payable 371,875 (1,916,273) (3,967,661)
Accounts payable and accrued expenses 95,580 338,793 (126,801)
Interest and debt fees payable (5,374) 327,344 (70,763)
Directors fees payable 5,500 (14,932)
Due to Manager 241,435 (100,811) 439,065
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (88,029,733) 197,538,505 (157,206,679)
Financing activities      
Borrowings on debt 87,000,000 30,000,000 71,500,000
Paydowns on debt (79,500,000) (56,500,000) (57,000,000)
Issuance of notes 149,558,500 77,500,000
Repayments of notes (212,000,000)
Payments of deferred debt financing costs (6,852,926) (1,176,808) (4,694,711)
Proceeds from issuance of common stock 18,752,929 33,002,028 44,539,387
Capital contribution from Manager 569,322 2,351,767 4,475,297
Payments of cash dividends (52,356,092) (40,747,247) (32,053,610)
Repurchases of common stock (54,314) (2,157,605)
Repurchases fees (1,772)
Payments of offering costs (25,857) (251,445) (469,456)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (94,908,438) (33,321,705) 101,637,530
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS (182,938,171) 164,216,800 (55,569,149)
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, BEGINNING OF YEAR 204,723,924 40,507,124 96,076,273
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, END OF YEAR (See note 2) 21,785,753 204,723,924 40,507,124
Supplemental information:      
Interest paid during the year 44,505,747 46,705,914 44,079,413
Cash paid for taxes 2,225,842 3,198,110 2,578,558
Supplemental non-cash information:      
Payment-in-kind interest income and other adjustments to cost 2,584,775 3,407,609 (4,910,319)
Net accretion of discount on investments 3,097,921 2,809,163 2,221,257
Discount on debt issuance, 7.25% notes 2030 441,500
Amortization of deferred debt financing costs 4,802,167 5,025,786 5,171,249
Stock dividend distribution $ 6,669,817 $ 5,077,632 $ 3,582,345