Share Data and Net Assets (Tables)

9 Months Ended

Jun. 30, 2026

Stockholders' Equity Note [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share, pursuant to ASC Topic 260-10, Earnings per Share, for the three and nine months ended June 30, 2026 and 2025:


(Share amounts in thousands)	Three months ended June 30, 2026		Three months ended June 30, 2025		Nine months ended June 30, 2026		Nine months ended June 30, 2025
Earnings (loss) per common share — basic and diluted:
Net increase (decrease) in net assets resulting from operations	$	30,940	$	38,352	$	17,659	$	9,342
Weighted average common shares outstanding — basic and diluted	88,086		88,086		88,086		85,402
Earnings (loss) per common share — basic and diluted	$	0.35	$	0.44	$	0.20	$	0.11

Schedule of Changes in Net Assets

The following table presents the changes in net assets for the three and nine months ended June 30, 2026:


	Common Stock
(Share amounts in thousands)	Shares	Par Value		Additional paid-in-capital		Accumulated Overdistributed Earnings		Total Net Assets
Balance as of September 30, 2025	88,086	$	881	$	2,350,075	$	(885,143)	$	1,465,813
Net investment income	—	—		—		36,703		36,703
Net unrealized appreciation (depreciation)	—	—		—		(32,418)		(32,418)
Net realized gains (losses)	—	—		—		1,342		1,342
(Provision) benefit for taxes on realized and unrealized gains (losses)	—	—		—		(19)		(19)
Distributions to stockholders	—	—		—		(35,234)		(35,234)
Issuance of common stock under dividend reinvestment plan	89	1		1,136		—		1,137
Repurchase of common stock under dividend reinvestment plan	(89)	(1)		(1,136)		—		(1,137)
Balance as of December 31, 2025	88,086	881		2,350,075		(914,769)		1,436,187
Net investment income	—	—		—		34,362		34,362
Net unrealized appreciation (depreciation)	—	—		—		(39,338)		(39,338)
Net realized gains (losses)	—	—		—		(13,610)		(13,610)
(Provision) benefit for taxes on realized and unrealized gains (losses)	—	—		—		(303)		(303)
Distributions to stockholders	—	—		—		(35,234)		(35,234)
Issuance of common stock under dividend reinvestment plan	98	1		1,139		—		1,140
Repurchase of common stock under dividend reinvestment plan	(98)	(1)		(1,139)		—		(1,140)
Balance as of March 31, 2026	88,086	$	881	$	2,350,075	$	(968,892)	$	1,382,064
Net investment income	—	—		—		32,521		32,521
Net unrealized appreciation (depreciation)	—	—		—		48,210		48,210
Net realized gains (losses)	—	—		—		(49,539)		(49,539)
(Provision) benefit for taxes on realized and unrealized gains (losses)	—	—		—		(252)		(252)
Distributions to stockholders	—	—		—		(29,949)		(29,949)
Issuance of common stock under dividend reinvestment plan	88	1		1,081		—		1,082
Repurchase of common stock under dividend reinvestment plan	(88)	(1)		(1,081)		—		(1,082)
Balance as of June 30, 2026	88,086	$	881	$	2,350,075	$	(967,901)	$	1,383,055

The following table presents the changes in net assets for the three and nine months ended June 30, 2025:


	Common Stock
(Share amounts in thousands)	Shares	Par Value		Additional paid-in-capital		Accumulated Overdistributed Earnings		Total Net Assets
Balance as of September 30, 2024	82,245	$	822	$	2,264,449	$	(777,460)	$	1,487,811
Net investment income	—	—		—		44,302		44,302
Net unrealized appreciation (depreciation)	—	—		—		(19,614)		(19,614)
Net realized gains (losses)	—	—		—		(17,310)		(17,310)
(Provision) benefit for taxes on realized and unrealized gains (losses)	—	—		—		(139)		(139)
Distributions to stockholders	—	—		—		(45,235)		(45,235)
Issuance of common stock under dividend reinvestment plan	95	1		1,454		—		1,455
Repurchase of common stock under dividend reinvestment plan	(95)	(1)		(1,454)		—		(1,455)
Balance as of December 31, 2024	82,245	$	822	$	2,264,449	$	(815,456)	$	1,449,815
Net investment income	—	—		—		39,055		39,055
Net unrealized appreciation (depreciation)	—	—		—		(82,023)		(82,023)
Net realized gains (losses)	—	—		—		6,705		6,705
(Provision) benefit for taxes on realized and unrealized gains (losses)	—	—		—		14		14
Distributions to stockholders	—	—		—		(41,400)		(41,400)
Issuance of common stock under dividend reinvestment plan	276	3		4,286		—		4,289
Repurchase of common stock under dividend reinvestment plan	(276)	(3)		(4,286)		—		(4,289)
Issuance of common stock in private placement	5,672	57		99,943		—		100,000
Issuance of common stock in connection with the "at the market" offering	169	2		2,945		—		2,947
Balance as of March 31, 2025	88,086	$	881	$	2,367,337	$	(893,105)	$	1,475,113
Net investment income	—	—		—		33,481		33,481
Net unrealized appreciation (depreciation)	—	—		—		18,572		18,572
Net realized gains (losses)	—	—		—		(13,432)		(13,432)
(Provision) benefit for taxes on realized and unrealized gains (losses)	—	—		—		(269)		(269)
Distributions to stockholders	—	—		—		(36,996)		(36,996)
Issuance of common stock under dividend reinvestment plan	269	3		3,748		—		3,751
Repurchase of common stock under dividend reinvestment plan	(269)	(3)		(3,748)		—		(3,751)
Balance as of June 30, 2025	88,086	$	881	$	2,367,337	$	(891,749)	$	1,476,469

Schedule of Distributions

The following table reflects the distributions per share that the Company has paid, including shares issued under the DRIP, on its common stock during the nine months ended June 30, 2026 and 2025:


Distribution	Date Declared	Record Date	Payment Date	Amount per Share		Cash Distribution			DRIP Shares Issued		DRIP Shares Value
Quarterly	November 10, 2025	December 15, 2025	December 31, 2025	$	0.40	$	34.1	million	89,143	(1)	$	1.1	million
Quarterly	January 26, 2026	March 16, 2026	March 31, 2026	$	0.40	$	34.1	million	98,293	(1)	$	1.2	million
Quarterly	April 27, 2026	June 15, 2026	June 30, 2026	$	0.30	$	25.5	million	77,947	(1)	$	1.0	million
Supplemental	April 27, 2026	June 15, 2026	June 30, 2026	$	0.04	$	3.4	million	10,393	(1)	$	0.1	million
Total for the nine months ended June 30, 2026				$	1.14	$	97.1	million	275,776		$	3.4	million
Distribution	Date Declared	Record Date	Payment Date	Amount per Share		Cash Distribution			DRIP Shares Issued		DRIP Shares Value
Quarterly	November 7, 2024	December 16, 2024	December 31, 2024	$	0.55	$	43.8	million	94,970	(1)	$	1.5	million
Quarterly	January 27, 2025	March 17, 2025	March 31, 2025	$	0.40	$	31.5	million	234,752	(1)	$	3.7	million
Supplemental	January 27, 2025	March 17, 2025	March 31, 2025	$	0.07	$	5.6	million	41,082	(1)	$	0.6	million
Quarterly	April 28, 2025	June 16, 2025	June 30, 2025	$	0.40	$	31.6	million	256,343	(1)	$	3.6	million
Supplemental	April 28, 2025	June 16, 2025	June 30, 2025	$	0.02	$	1.6	million	12,817	(1)	$	0.2	million
Total for the nine months ended June 30, 2025				$	1.44	$	114.1	million	639,964		$	9.5	million

__________

(1) Shares were purchased on the open market and distributed.

Schedule of Common Stock Issued and Sold

In connection with the "at the market" offering, the Company issued and sold 168,055 shares of common stock during the nine months ended June 30, 2025 for net proceeds of $3.0 million (net of offering costs).


	Number of Shares Issued	Gross Proceeds		Placement Agent Fees		Net Proceeds (1)		Average Sales Price per Share (2)
"At the market" offering	168,055	$	2,987	$	26	$	2,960	$	17.77

(1) Net proceeds excludes offering costs of less than $0.1 million.

(2) Represents the gross sales price, including supplemental payments by Oaktree, before deducting placement agent fees and estimated offering expenses.