Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Investment Company, Net Assets [Roll Forward]    
Net Assets, beginning balance $ 470,895,000 $ 408,695,000
OPERATIONS    
Net investment income 11,224,000 11,934,000
Net realized gain (loss) on investments 57,724,000 259,000
Net realized gain (loss) on other 90,000 3,000
Net unrealized appreciation (depreciation) of investments (41,892,000) 7,805,000
Preferred stock dividends (171,000) 0
Net increase (decrease) in net assets resulting from operations 26,975,000 20,001,000
DISTRIBUTIONS    
Distributions to common stockholders from net investment income [1],[2] (11,053,000) (10,768,000)
Distributions to common stockholders from realized gains [1] (8,932,000) 0
Net decrease in net assets from distributions (19,985,000) (10,768,000)
CAPITAL TRANSACTIONS    
Issuance of common stock 2,471,000 0
Discounts, commissions and offering costs for issuance of common stock (40,000) 0
Net increase (decrease) in net assets resulting from capital transactions 2,431,000 0
NET INCREASE (DECREASE) IN NET ASSETS 9,421,000 9,233,000
Net Assets, ending balance $ 480,316,000 $ 417,928,000
[1] Refer to Note 9 – Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.
[2] Per share amounts have been adjusted on a retroactive basis to reflect the Reverse Stock Split effected on April 4, 2024. Refer to Note 2—Summary of Significant Accounting Policies in the accompanying Notes to Consolidated Financial Statements for additional information.