v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Investment income:        
Total investment income $ 65,956 $ 61,938 $ 136,045 $ 128,947
Expenses:        
Interest and expenses on debt 24,139 22,529 51,293 44,890
Performance-based incentive fee 6,437 6,258 13,097 13,750
Base management fee 6,427 5,604 13,241 10,868
General and administrative expenses 1,200 1,200 2,400 2,400
Administrative services expenses 900 650 1,800 1,150
Expenses before amendment costs, debt issuance costs and provision for taxes 39,103 36,241 81,831 73,058
Provision for taxes on net investment income 25 225 250 450
Credit Facility amendment and debt issuance costs 1,080 442 1,578 442
Total expenses 40,208 36,908 83,659 73,950
Net investment income 25,748 25,030 52,386 54,997
Net realized gain (loss) on:        
Net Realized Gains (Losses) (7,535) (3,477) (6,079) 23,197
Provision for taxes on realized gain (loss) on investments 0 (21) 0 (94)
Debt extinguishment (1,380) 0 (1,380) 0
Net realized gain (loss) on investments, Total (8,915) (3,498) (7,459) 23,103
Net change in unrealized appreciation (depreciation) on:        
Net Change in Unrealized Appreciation (Depreciation) 12,208 (20,776) (20,079) (49,738)
Provision for taxes on unrealized appreciation (depreciation) on investments (329) 468 307 1,100
Debt appreciation (depreciation) 26 1 4 91
Net change in unrealized appreciation (depreciation) on investments and debt 11,905 (20,307) (19,768) (48,547)
Net realized and unrealized gain (loss) from investments and debt 2,990 (23,805) (27,227) (25,444)
Net increase (decrease) in net assets resulting from operations $ 28,738 $ 1,225 $ 25,159 $ 29,553
Net increase (decrease) in net assets resulting from operations per common share (See Note 7) $ 0.29 $ 0.01 $ 0.25 [1],[2] $ 0.34 [1],[2]
Net investment income per common share $ 0.26 $ 0.28 $ 0.53 [1] $ 0.64 [1]
Non-controlled, Non-affiliated Investments        
Investment income:        
Interest $ 50,735 $ 49,215 $ 107,265 $ 96,678
Dividend 33 369 41 946
Other income 386 634 1,148 2,114
Net realized gain (loss) on:        
Net Realized Gains (Losses) (7,535) (795) (6,079) 386
Net change in unrealized appreciation (depreciation) on:        
Net Change in Unrealized Appreciation (Depreciation) 25,010 (9,630) 3,744 (6,688)
Controlled, Affiliated Investments        
Investment income:        
Interest 8,652 7,345 16,497 20,153
Dividend 6,150 4,375 11,094 8,750
Other income 0 0 0 306
Non-Controlled and Controlled, Affiliated Investments        
Net realized gain (loss) on:        
Net Realized Gains (Losses) 0 (2,682) 0 22,811
Net change in unrealized appreciation (depreciation) on:        
Net Change in Unrealized Appreciation (Depreciation) $ (12,802) $ (11,146) $ (23,823) $ (43,050)
[1] Based on the weighted average shares outstanding for the respective periods.
[2] Does not foot due to rounding, as applicable.