v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
May 31, 2026
Feb. 28, 2026
Investments at fair value    
Investments at fair value [2] $ 1,126,333,942 [1] $ 1,109,133,812 [3]
Cash and cash equivalents 46,140,915 1,680,070
Cash and cash equivalents, reserve accounts 14,667,902 20,105,683
Interest receivable (net of reserve of $863,908 and $470,751, respectively) 9,048,860 7,314,053
Management fee receivable 232,837 249,720
Other assets 999,726 781,766
Total assets 1,197,424,182 1,139,265,104
LIABILITIES    
Revolving credit facilities 70,000,000 70,000,000
Base management and incentive fees payable 6,862,113 6,602,819
Deferred tax liability 4,027,990 4,579,522
Accounts payable and accrued expenses 1,334,109 1,771,915
Interest and debt fees payable 3,405,852 3,904,143
Directors fees payable 5,500
Due to Manager 600,582 590,624
Total liabilities 818,969,224 743,109,350
Commitments and contingencies (See Note 9)
NET ASSETS    
Common stock, par value $0.001, 100,000,000 common shares authorized, 16,289,025 and 16,224,198 common shares issued and outstanding, respectively 16,289 16,224
Capital in excess of par value 440,588,956 439,202,477
Total distributable deficit (62,150,287) (43,062,947)
Total net assets 378,454,958 396,155,754
Total liabilities and net assets $ 1,197,424,182 $ 1,139,265,104
NET ASSET VALUE PER SHARE (in Dollars per share) $ 23.23 $ 24.42
Debentures payable    
LIABILITIES    
Deferred debt financing costs $ (4,997,638) $ (3,888,087)
Notes Payable 213,000,000 160,000,000
4.35% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (257,587) (344,393)
Notes Payable 75,000,000 75,000,000
Discount on notes payable (74,697) (108,898)
6.25% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (112,867) (130,839)
Notes Payable 15,000,000 15,000,000
6.00% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (647,257) (823,774)
Notes Payable 105,500,000 105,500,000
Discount on notes payable (38,226) (48,361)
8.00% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (493,059) (580,514)
Notes Payable 46,000,000 46,000,000
8.125% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (646,196) (748,873)
Notes Payable 60,375,000 60,375,000
8.50% Notes Payable 2028    
LIABILITIES    
Deferred debt financing costs (763,667) (866,230)
Notes Payable 57,500,000 57,500,000
7.25% Notes Payable 2029    
LIABILITIES    
Deferred debt financing costs (71,445)
Notes Payable 25,000,000
Discount on notes payable (480,024)
7.25% Notes Payable 2030    
LIABILITIES    
Deferred debt financing costs (830,833) (775,165)
Notes Payable 50,000,000 50,000,000
Discount on notes payable (417,283) (435,318)
7.50% Notes Payable 2031    
LIABILITIES    
Deferred debt financing costs (3,351,883) (3,298,905)
Notes Payable 100,000,000 100,000,000
Non-control/Non-affiliate investments    
Investments at fair value    
Investments at fair value 1,034,744,952 1,016,247,566
Affiliate investments    
Investments at fair value    
Investments at fair value 50,325,404 52,710,911
Control investments    
Investments at fair value    
Investments at fair value 41,263,586 40,175,335
Revolving credit facilities    
LIABILITIES    
Deferred debt financing costs $ (1,453,760) $ (1,670,816)
[1] Percentages are based on net assets of $378,454,958 as of May 31, 2026.
[2] Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities. Money market funds are valued at net asset value and are considered level 1 investments within the fair value hierarchy.
[3] Percentages are based on net assets of $396,155,754 as of February 28, 2026.