Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

v3.25.0.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
ASSETS    
Investments, at fair value $ 799,497 $ 796,260 [1]
Cash and cash equivalents 1,736 2,172
Restricted cash and cash equivalents 140 132
Interest receivable, net 5,489 5,923
Due from administrative agent 3,262 2,802
Deferred financing costs, net 801 1,053
Other assets, net 4,700 4,126
TOTAL ASSETS 815,625 812,468
LIABILITIES    
Line of credit at fair value (Cost of $61,500 and $70,600, respectively) 61,500 70,600
Notes payable, net of unamortized deferred financing costs of $2,739 and $2,990, respectively 254,261 254,010
Accounts payable and accrued expenses 1,701 1,230
Interest payable 4,278 2,916
Other liabilities 558 513
TOTAL LIABILITIES 325,213 333,727
Commitments and contingencies [2]
Preferred stock, $0.001 par value per share, 6,000,000 and 6,000,000 shares authorized, respectively, and 450,325 and 349,931 shares issued and outstanding, respectively 10,096 7,846
NET ASSETS    
Common stock, $0.001 par value per share, 44,000,000 and 44,000,000 shares authorized, respectively, and 22,329,852 and 22,230,587 shares issued and outstanding, respectively 44 44
Capital in excess of par value 494,628 492,305
Cumulative net unrealized appreciation (depreciation) of investments (16,643) 25,249
Under distributed net investment income 5,716 6,144
Accumulated net realized losses (3,429) (52,847)
Total distributable loss (14,356) (21,454)
TOTAL NET ASSETS 480,316 470,895
TOTAL NET ASSETS $ 480,316 $ 470,895
NET ASSET VALUE PER SHARE (in USD per share) $ 21.51 $ 21.18
Related Party    
LIABILITIES    
Fees due to related party $ 2,915 $ 4,458
Total fees due to Adviser | Related Party    
LIABILITIES    
Fees due to related party [3] 2,236 3,889
Fee due to Administrator | Related Party    
LIABILITIES    
Fees due to related party [3] 679 569
Non-Control/Non-Affiliate investments    
ASSETS    
Investments, at fair value 749,962 [4] 750,904 [5]
Affiliate investments    
ASSETS    
Investments, at fair value 12,405 [6] 7,438 [7]
Control investments    
ASSETS    
Investments, at fair value $ 37,130 [8] $ 37,918 [9]
[1] Cumulative gross unrealized depreciation for federal income tax purposes is $66.1 million; cumulative gross unrealized appreciation for federal income tax purposes is $85.8 million. Cumulative net unrealized appreciation is $19.7 million, based on a tax cost of $776.5 million.
[2] Refer to Note 10—Commitments and Contingencies in the accompanying Notes to Consolidated Financial Statements for additional information.
[3] Refer to Note 4—Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.
[4] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[5] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[6] Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[7] Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[8] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.
[9] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.