Financial Highlights (Tables)

6 Months Ended

Mar. 31, 2026

Investment Company, Financial Highlights [Abstract]

Below are the financial highlights ($ in thousands, except share and per share data):


	Six Months Ended March 31,
	2026			2025
Per Share Data:
Net asset value, beginning of period	$	7.11		$	7.56
Net investment income (1)		0.25			0.37
Net change in realized and unrealized gain (loss) (1)		(0.15	)		0.02
Net increase (decrease) in net assets resulting from operations (1)		0.10			0.39
Distributions to stockholders (1), (2)		(0.48	)		(0.48	)
Net asset value, end of period (8)	$	6.73		$	7.48
Per share market value, end of period	$	4.49		$	7.03
Total return* (3)		(27.05	)%		7.66	%
Shares outstanding at end of period		65,296,094			65,296,094
Ratios** / Supplemental Data:
Ratio of operating expenses to average net assets (4)		5.85	%		7.34	%
Ratio of debt related expenses to average net assets (5)		8.99	%		9.02	%
Ratio of total expenses to average net assets (5)		14.84	%		16.36	%
Ratio of net investment income to average net assets (5)		8.00	%		9.98	%
Net assets at end of period	$	439,234		$	488,106
Weighted average debt outstanding	$	655,110		$	724,261
Weighted average debt per share (1)	$	10.03		$	11.09
Asset coverage per unit (6)	$	1,745		$	1,779
Portfolio turnover ratio* (7)		21.12	%		41.16	%

* Not annualized for periods less than one year.

**Re-occurring investment income and expenses included in these ratios are annualized for periods less than one year.

***The expense and investment income ratios do not reflect the Company's proportionate share of income and expenses of PSLF and PTSF II.

(1)

Based on the weighted average shares outstanding for the respective periods.

(2)

The tax status of distributions is calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP, and reported on Form 1099-DIV each calendar year.

(3)

Based on the change in market price per share during the periods and assumes distributions, if any, are reinvested.

(4)

Total expenses excluding debt-related costs.

(5)

Includes interest and expenses on debt (annualized) as well as the Truist Credit Facility amendment, debt issuance costs and excludes debt extinguishments cost, if any, (not annualized).

(6)

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 the senior securities representing indebtedness at par (changed from fair value). This asset coverage ratio is multiplied by $1,000 to determine the asset coverage per unit.

(7)

Excludes short-term U.S. Government Securities.

(8)

The six months ended March 31, 2025 does not foot due to rounding.