| Schedule of Related Party Transactions |
The following table summarizes the base management fee, incentive fee, and loan servicing fee and associated non-contractual, unconditional and irrevocable credits reflected in our accompanying Consolidated Statements of Operations:
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Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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Average total assets subject to base management fee(A)
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$ |
790,629
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$ |
709,943 |
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$ |
772,800
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$ |
672,990 |
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Multiplied by prorated annual base management fee of 1.75% |
0.4375
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% |
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0.4375 |
% |
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1.3125
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% |
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1.3125 |
% |
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Base management fee(B)
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$ |
3,459
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$ |
3,106 |
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$ |
10,143
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$ |
8,833 |
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| Portfolio company fee credit |
(575) |
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(1,894) |
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(2,451) |
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(2,987) |
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Syndicated loan fee credit |
(25) |
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(32) |
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(83) |
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(95) |
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| Net Base Management Fee |
$ |
2,859
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$ |
1,180 |
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$ |
7,609
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$ |
5,751 |
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Loan servicing fee(B)
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2,250
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2,069 |
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6,638
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5,866 |
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Credit to base management fee - loan servicing fee(B)
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(2,250) |
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(2,069) |
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(6,638) |
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(5,866) |
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| Net Loan Servicing Fee |
$ |
—
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$ |
— |
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$ |
—
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$ |
— |
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Incentive fee(B)
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3,076
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|
2,919 |
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8,729
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|
7,508 |
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Incentive fee credit |
—
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— |
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(94) |
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— |
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| Net Incentive Fee |
$ |
3,076
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$ |
2,919 |
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$ |
8,635
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$ |
7,508 |
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| Portfolio company fee credit |
(575) |
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(1,894) |
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(2,451) |
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(2,987) |
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Syndicated loan fee credit |
(25) |
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(32) |
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(83) |
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(95) |
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| Incentive fee credit |
—
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— |
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(94) |
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— |
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Credits to Fees From Adviser - other(B)
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$ |
(600) |
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$ |
(1,926) |
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$ |
(2,628) |
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$ |
(3,082) |
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(A)Average total assets subject to the base management fee is defined in the Advisory Agreement as total assets, including investments made with proceeds of borrowings, less any uninvested cash or cash equivalents resulting from borrowings, valued at the end of the two most recently completed quarters within the respective years and adjusted appropriately for any share issuances or repurchases during the period.
(B)Reflected as a line item on our accompanying Consolidated Statements of Operations.
Amounts due to related parties on our accompanying Consolidated Statements of Assets and Liabilities were as follows:
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June 30, 2024 |
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September 30, 2023 |
| Base management fee due to Adviser |
$ |
610
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$ |
670 |
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| Loan servicing fee due to Adviser |
477
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|
455 |
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| Incentive fee due to Adviser |
3,076
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|
2,747 |
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Total fees due to Adviser |
4,163
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|
3,872 |
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Fee due to Administrator |
831
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|
479 |
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Total Related Party Fees Due |
$ |
4,994
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$ |
4,351 |
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