v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Operating activities    
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (13,564,292) $ 27,217,398
FROM OPERATIONS TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Distributions from CLO, payment-in-kind and other adjustments to cost (1,388,957) (1,061,847)
Net accretion of discount on investments (1,300,982) (1,164,246)
Amortization of deferred debt financing costs 2,655,180 2,502,178
Income tax expense (benefit) 64,214 38,689
Net realized (gain) loss from investments (2,207,312) (2,954,030)
Net change in unrealized (appreciation) depreciation on investments 31,641,194 (4,671,690)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments (1,043,388) (368,913)
Proceeds from sales and repayments of investments 87,463,404 94,942,515
Purchases of investments (155,263,880) (102,307,963)
(Increase) decrease in operating assets:    
Interest receivable (1,808,254) (1,139,595)
Management fee receivable 20,570 35,424
Other assets (65,561) (265,363)
Increase (decrease) in operating liabilities:    
Base management and incentive fees payable 290,256 414,555
Payable from open trades 2,000,000
Accounts payable and accrued expenses (918,228) 239,435
Interest and debt fees payable 1,633,613 (749,243)
Directors fees payable (5,500)
Due to Manager 31,948 281,777
Current income tax payable 33,106
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (53,732,869) 12,989,081
Financing activities    
Borrowings on debt 53,000,000 17,500,000
Issuance of notes 109,500,000
Repayments of notes (25,000,000)
Payments of deferred debt financing costs (4,664,515) (25,000)
Proceeds from issuance of common stock 17,245,664
Capital contribution from Manager 569,322
Payments of cash dividends (21,606,411) (27,175,451)
Repurchases of common stock (8,399,346)
Repurchases fees (8,882)
Payments of offering costs (22,833)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 127,820,846 (16,908,298)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS 74,087,977 (3,919,217)
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, BEGINNING OF PERIOD 21,785,753 204,723,924
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, END OF PERIOD (See note 2) 95,873,730 200,804,707
Supplemental information:    
Interest paid during the period 23,428,268 23,070,960
Cash paid for taxes 19,286 286,573
Supplemental non-cash information:    
Payment-in-kind interest income and other adjustments to cost 1,388,957 1,061,847
Net accretion of discount on investments 1,300,982 1,164,246
Discount on debt issuance, 7.25% notes 2029 500,000
Amortization of deferred debt financing costs 2,655,180 2,502,178
Stock dividend distribution $ 2,735,195 $ 3,601,941