Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net increase (decrease) in net assets resulting from operations $ 62,689 $ 29,568
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchase of investments (149,122) (148,084)
Principal repayments on investments 120,946 66,200
Net proceeds from sale of investments 6,536 18,296
Increase in investments due to PIK interest or other (4,060) (2,779)
Net change in premiums, discounts and amortization 451 193
Net realized loss (gain) on investments and other (5,745) (12,955)
Net unrealized depreciation (appreciation) of investments and other (21,936) 13,420
Amortization of deferred financing costs 1,323 1,164
Changes in assets and liabilities:    
Decrease (increase) in interest receivable, net 761 (1,500)
Decrease (increase) in funds due from administrative agent (2,986) (1,100)
Decrease (increase) in other assets, net (775) (509)
Increase (decrease) in accounts payable and accrued expenses (20) 569
Increase (decrease) in interest payable 1,340 1,790
Increase (decrease) in other liabilities (1,111) 1,315
Net cash provided by (used in) operating activities 8,934 (33,730)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 179,500 123,000
Repayments on line of credit (161,500) (101,000)
Financing costs (378) (1,559)
Proceeds from issuance of common stock 0 38,279
Proceeds from issuance of preferred stock 5,595 0
Discounts, commissions and offering costs for issuance of common stock 0 (574)
Distributions paid to common stockholders (32,306) (24,737)
Net cash provided by (used in) financing activities (9,089) 33,409
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS (155) (321)
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS, BEGINNING OF PERIOD 1,401 2,107
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS, END OF PERIOD 1,246 1,786
Supplemental Cash Flow Elements    
CASH PAID FOR INTEREST 14,933 13,301
NON-CASH ACTIVITIES [1] 0 2,416
Adviser    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [2] 291 409
Administrator    
Changes in assets and liabilities:    
Increase (decrease) in fee due to related party [2] 352 273
Investment, Unaffiliated and Affiliated Issuer, Excluding Other    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments and other (1,895) (12,633)
Net unrealized depreciation (appreciation) of investments and other (21,936) 13,420
Other    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized loss (gain) on investments and other (3,850) (322)
Net unrealized depreciation (appreciation) of investments and other $ 0 $ 0
[1] Non-cash activities relate to the October 2022 exit of our investment in Targus Cayman HoldCo Ltd., which was sold for net proceeds of approximately $8.0 million, resulting in a realized gain of approximately $5.9 million. As part of the proceeds, we received an interest in B. Riley Financial, Inc. 6.75% senior notes in the amount of $2.4 million.
[2] Refer to Note 4—Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.