v3.26.3
Consolidated Statements of Assets and Liabilities - USD ($)
Aug. 31, 2026
Feb. 28, 2026
Investments at fair value    
Investments at fair value [3] $ 1,150,190,344 [1],[2] $ 1,109,133,812 [4]
Cash and cash equivalents 80,087,303 1,680,070
Cash and cash equivalents, reserve accounts 15,786,427 20,105,683
Interest receivable (net of reserve of $1,265,898 and $470,751, respectively) 9,122,307 7,314,053
Management fee receivable 229,150 249,720
Other assets 847,327 781,766
Total assets 1,256,262,858 1,139,265,104
LIABILITIES    
Revolving credit facilities 70,000,000 70,000,000
Base management and incentive fees payable 6,893,075 6,602,819
Deferred tax liability 3,600,349 4,579,522
Accounts payable and accrued expenses 853,687 1,771,915
Interest and debt fees payable 5,537,756 3,904,143
Directors fees payable 5,500
Due to Manager 622,572 590,624
Current income tax payable 33,106
Total liabilities 903,686,035 743,109,350
Commitments and contingencies (See Note 9)
NET ASSETS    
Common stock, par value $0.001, 100,000,000 common shares authorized, 15,915,928 and 16,224,198 common shares issued and outstanding, respectively 15,916 16,224
Capital in excess of par value 433,529,752 439,202,477
Total distributable deficit (80,968,845) (43,062,947)
Total net assets 352,576,823 396,155,754
Total liabilities and net assets $ 1,256,262,858 $ 1,139,265,104
NET ASSET VALUE PER SHARE (in Dollars per share) $ 22.15 $ 24.42
Debentures payable    
LIABILITIES    
Deferred debt financing costs $ (4,792,550) $ (3,888,087)
Notes Payable 213,000,000 160,000,000
4.35% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (170,781) (344,393)
Notes Payable 75,000,000 75,000,000
Discount on notes payable (41,071) (108,898)
6.25% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (94,894) (130,839)
Notes Payable 15,000,000 15,000,000
6.00% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (470,739) (823,774)
Notes Payable 105,500,000 105,500,000
Discount on notes payable (27,924) (48,361)
8.00% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (405,603) (580,514)
Notes Payable 46,000,000 46,000,000
8.125% Notes Payable 2027    
LIABILITIES    
Deferred debt financing costs (543,519) (748,873)
Notes Payable 60,375,000 60,375,000
8.50% Notes Payable 2028    
LIABILITIES    
Deferred debt financing costs (661,105) (866,230)
Notes Payable 57,500,000 57,500,000
7.25% Notes Payable 2029    
LIABILITIES    
Deferred debt financing costs (115,176)
Notes Payable 25,000,000
Discount on notes payable (442,158)
7.25% Notes Payable 2030    
LIABILITIES    
Deferred debt financing costs (777,418) (775,165)
Notes Payable 50,000,000 50,000,000
Discount on notes payable (394,008) (435,318)
7.50% Notes Payable 2031    
LIABILITIES    
Deferred debt financing costs (3,171,759) (3,298,905)
Notes Payable 100,000,000 100,000,000
8.00% Notes Payable 2031    
LIABILITIES    
Deferred debt financing costs (2,884,102)
Notes Payable 85,000,000
Non-control/Non-affiliate investments    
Investments at fair value    
Investments at fair value 1,056,184,544 1,016,247,566
Affiliate investments    
Investments at fair value    
Investments at fair value 49,257,789 52,710,911
Control investments    
Investments at fair value    
Investments at fair value 44,748,011 40,175,335
Revolving credit facilities    
LIABILITIES    
Deferred debt financing costs $ (1,236,703) $ (1,670,816)
[1] Because there is no "readily available market quotations" (as defined in the 1940 Act) for these investments, the fair values of these investments were determined using significant unobservable inputs and approved in good faith by our board of directors. These investments have been included as Level 3 in the Fair Value Hierarchy (see Note 3 to the consolidated financial statements).
[2] Percentages are based on net assets of $352,576,823 as of August 31, 2026.
[3] 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.
[4] Percentages are based on net assets of $396,155,754 as of February 28, 2026.