v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS AND TEMPORARY EQUITY - USD ($)
$ in Thousands
Total
Conversion of preferred stock to common stock
Common Stock
Common Stock
Conversion of preferred stock to common stock
Paid-in capital in excess of par
Paid-in capital in excess of par
Conversion of preferred stock to common stock
Accumulated Other Comprehensive Income
Distributions in excess of earnings
Beginning balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2023 62,102,009              
Beginning balance, temporary equity at Jun. 30, 2023 $ 1,418,014              
Capital Transactions                
Issuance of preferred stock (in shares) 11,311,600              
Issuance of preferred stock $ 250,775              
Accretion of preferred stock to redemption value $ 12,110              
Repurchase of preferred stock (in shares) (711,497)              
Repurchase of preferred stock $ (17,155)              
Shares issued through reinvestment of dividends (in shares) 143,210              
Shares issued through reinvestment of dividends $ 3,417              
Conversion of preferred stock to common stock (in shares) (3,379,195)              
Conversion of preferred stock to common stock $ (80,829)              
Net increase (decrease) in preferred dividend accrual $ (144)              
Total increase (decrease) (in shares) 7,364,118              
Total increase (decrease) $ 168,174              
Ending balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2024 69,466,127              
Ending balance, temporary equity at Jun. 30, 2024 $ 1,586,188              
Beginning balance, Common stock, shares outstanding (in shares) at Jun. 30, 2023 404,033,549   404,033,549          
Beginning of period, Net Assets at Jun. 30, 2023 $ 3,732,665   $ 404   $ 4,085,207   $ 0 $ (352,946)
Net Increase (Decrease) in Net Assets and Temporary Equity Resulting from Operations:                
Net investment income 419,836             419,836
Net realized losses (435,020)             (435,020)
Net change in net unrealized losses 260,689             260,689
Distributions to Shareholders (Note 12)                
Distributions from earnings (328,243)             (328,243)
Return of capital to common stockholders (67,479)       (67,479)      
Capital Transactions                
Value of shares issued through reinvestment of dividends (in shares)     6,736,142          
Value of shares issued through reinvestment of dividends 37,399   $ 8   37,391      
Conversion of common stock (in shares)       14,077,272        
Conversion of common stock   $ 91,886   $ 13   $ 91,873    
Tax reclassifications of net assets (Note 12) 0       595     (595)
Total increase (decrease) during period (in shares)     20,813,414          
Total increase (decrease) during period $ (20,932)   $ 21   62,380   0 (83,333)
Ending balance, Common stock, shares outstanding (in shares) at Jun. 30, 2024 424,846,963   424,846,963          
End of period, Net Assets at Jun. 30, 2024 $ 3,711,733   $ 425   4,147,587   0 (436,279)
Capital Transactions                
Issuance of preferred stock (in shares) 5,784,937              
Issuance of preferred stock $ 128,272              
Accretion of preferred stock to redemption value $ 15,079              
Shares issued through reinvestment of dividends (in shares) 164,116              
Shares issued through reinvestment of dividends $ 3,919              
Redemption of Preferred Stock (in shares) (91,183)              
Redemption of Preferred Stock $ (2,280)              
Conversion of preferred stock to common stock (in shares) (4,408,060)              
Conversion of preferred stock to common stock $ (101,258)              
Net increase (decrease) in preferred dividend accrual $ (20)              
Total increase (decrease) (in shares) 1,449,810              
Total increase (decrease) $ 43,712              
Ending balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2025 70,915,937              
Ending balance, temporary equity at Jun. 30, 2025 $ 1,629,900              
Net Increase (Decrease) in Net Assets and Temporary Equity Resulting from Operations:                
Net investment income 338,840             338,840
Net realized losses (534,726)             (534,726)
Net change in net unrealized losses (291,054)             (291,054)
Distributions to Shareholders (Note 12)                
Distributions from earnings [1] (300,745)             (300,745)
Return of capital to common stockholders [1] (70,137)       (70,137)      
Capital Transactions                
Value of shares issued through reinvestment of dividends (in shares)     7,505,661          
Value of shares issued through reinvestment of dividends 31,533   $ 7   31,526      
Conversion of common stock (in shares)       23,550,202        
Conversion of common stock   103,328   $ 24   103,304    
Tax reclassifications of net assets (Note 12) 0       (29,827)     29,827
Total increase (decrease) during period (in shares)     31,055,863          
Total increase (decrease) during period $ (722,961)   $ 31   34,866   0 (757,858)
Ending balance, Common stock, shares outstanding (in shares) at Jun. 30, 2025 455,902,826   455,902,826          
End of period, Net Assets at Jun. 30, 2025 $ 2,988,772   $ 456   4,182,453   0 (1,194,137)
Capital Transactions                
Issuance of preferred stock (in shares) 3,099,678              
Issuance of preferred stock $ 66,105              
Accretion of preferred stock to redemption value $ 7,597              
Shares issued through reinvestment of dividends (in shares) 160,822              
Shares issued through reinvestment of dividends $ 3,850              
Redemption of Preferred Stock (in shares) (447,731)              
Redemption of Preferred Stock $ (11,193)              
Conversion of preferred stock to common stock (in shares) (5,260,506)              
Conversion of preferred stock to common stock $ (121,825)              
Net increase (decrease) in preferred dividend accrual $ 16              
Total increase (decrease) (in shares) (2,447,737)              
Total increase (decrease) $ (55,450)              
Ending balance, Preferred Stock Classified as Temporary Equity (in shares) at Jun. 30, 2026 68,468,200              
Ending balance, temporary equity at Jun. 30, 2026 $ 1,574,450              
Net Increase (Decrease) in Net Assets and Temporary Equity Resulting from Operations:                
Net investment income 326,387             326,387
Net realized losses (237,731)             (237,731)
Net change in net unrealized losses 47,817             47,817
Other comprehensive income (loss):                
Gain (loss) on derivatives designated as cash flow hedges 3,672           3,672  
Gain (loss) on Excluded Component 2,129           2,129  
Distributions to Shareholders (Note 12)                
Distributions from earnings [1] (346,170)             (346,170)
Return of capital to common stockholders [1] (10,170)       (10,170)      
Capital Transactions                
Value of shares issued through reinvestment of dividends (in shares)     10,834,822          
Value of shares issued through reinvestment of dividends 27,484   $ 11   27,473      
Conversion of common stock (in shares)       46,008,908        
Conversion of common stock   $ 126,656   $ 46   $ 126,610    
Tax reclassifications of net assets (Note 12) 0       (16,340)     16,340
Total increase (decrease) during period (in shares)     56,843,730          
Total increase (decrease) during period $ (59,926)   $ 57   127,573   5,801 (193,357)
Ending balance, Common stock, shares outstanding (in shares) at Jun. 30, 2026 512,746,556   512,746,556          
End of period, Net Assets at Jun. 30, 2026 $ 2,928,846   $ 513   $ 4,310,026   $ 5,801 $ (1,387,494)
[1] (1) Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates, if any, for the current tax year ended August 31, 2026. See Note 2 and Note 12 within the accompanying notes to consolidated financial statements for further discussion on tax reclassification of net assets and tax basis components of dividends.