v3.26.1
Consolidated Statements of Operations (Unaudited) - 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 $ 24,935 $ 30,663 $ 52,190 $ 64,868
Expenses:        
Base management fee 3,606 4,017 7,522 8,285
Incentive fee 1,981 2,425 1,981 5,180
Interest and expenses on debt 8,106 10,318 18,607 22,058
Administrative services expenses 450 450 900 950
General and administrative expenses 1,000 1,150 1,850 2,400
Expenses before provision for taxes and financing costs 15,143 18,360 30,860 38,873
Provision for taxes on net investment income 450 550 1,110 1,250
Credit facility amendment and debt issuance costs 0 324 3,885 324
Total expenses 15,593 19,234 35,855 40,447
Net investment income 9,342 11,429 16,335 24,421
Realized and unrealized gain (loss) on investments and debt:        
Net realized gain (loss) on investments and debt (417) (27,714) 58,598 (30,274)
Provision for taxes on realized gain on investments 0 (49) (13) (49)
Net realized gain (loss) on investments and debt (417) (27,763) 58,585 (30,323)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments (12,239) 27,132 (69,291) 29,493
Provision for taxes on unrealized appreciation (depreciation) on investments 0 37 0 0
Debt appreciation (depreciation) 985 (1,379) 997 1,949
Net change in unrealized appreciation (depreciation) on investments and debt (11,254) 25,790 (68,294) 31,442
Net realized and unrealized gain (loss) from investments and debt (11,671) (1,973) (9,709) 1,119
Net increase (decrease) in net assets resulting from operations $ (2,329) $ 9,456 $ 6,626 $ 25,540
Net increase (decrease) in net assets resulting from operations per common share $ (0.04) $ 0.14 $ 0.1 $ 0.39
Net investment income per common share $ 0.14 $ 0.18 $ 0.25 [1] $ 0.37 [1]
Non-controlled, Non-affiliated Investments        
Investment income:        
Interest $ 11,605 $ 14,987 $ 25,545 $ 33,753
Payment-in-kind 2,184 1,564 4,508 2,985
Dividend income 297 499 532 1,006
Other income 84 120 385 702
Realized and unrealized gain (loss) on investments and debt:        
Net realized gain (loss) on investments and debt 472 (27,714) (3,388) (30,274)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments (2,111) 17,918 (458) 13,141
Controlled, affiliated investments        
Investment income:        
Interest 6,302 7,887 12,573 15,142
Payment-in-kind 0 0 0 823
Dividend income 4,463 5,579 8,647 10,430
Other income 0 27 0 27
Controlled And Non Controlled Affiliates [Member]        
Realized and unrealized gain (loss) on investments and debt:        
Net realized gain (loss) on investments and debt (889) 0 61,986 0
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments $ (10,128) $ 9,214 $ (68,833) $ 16,352
[1] Based on the weighted average shares outstanding for the respective periods.