XML 37 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Financial Highlights | 12 Months Ended
--- | ---
Sep. 30, 2022
Investment Company Financial Highlights [Abstract] |
Financial Highlights | 10. FINANCIAL HIGHLIGHTS Below are the financial highlights for the years ended September 30 ($ in thousands, except share and per share data):
|  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |
Per Share Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net asset value, beginning of year |  | $ | 12.62 |  |  | $ | 12.31 |  |  | $ | 12.97 |  |  | $ | 13.82 |  |  | $ | 14.10 |
Net investment income (1) |  |  | 1.18 |  |  |  | 1.02 |  |  |  | 1.12 |  |  |  | 1.17 |  |  |  | 0.81 |
Net change in realized and unrealized (loss) gain (1) |  |  | (1.10 | ) |  |  | 0.44 |  |  |  | (0.65 | ) |  |  | (0.88 | ) |  |  | 0.06 |
Net increase in net assets resulting from operations (1) |  |  | 0.08 |  |  |  | 1.46 |  |  |  | 0.47 |  |  |  | 0.29 |  |  |  | 0.87 |
Distributions to stockholders (1), (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Distribution of net investment income |  |  | (1.14 | ) |  |  | (1.14 | ) |  |  | (1.14 | ) |  |  | (1.14 | ) |  |  | (1.03 | )
Distribution of realized gains |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.11 | )
Total distributions to stockholders |  |  | (1.14 | ) |  |  | (1.14 | ) |  |  | (1.14 | ) |  |  | (1.14 | ) |  |  | (1.14 | )
(Dilutive) effect of common stock issuance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and acquisition of MCG (1) |  |  | 0.06 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.01 | )
Net asset value, end of year |  | $ | 11.62 |  |  | $ | 12.62 |  |  | $ | 12.31 |  |  | $ | 12.97 |  |  | $ | 13.82 |
Per share market value, end of year |  | $ | 9.60 |  |  | $ | 12.79 |  |  | $ | 8.44 |  |  | $ | 11.60 |  |  | $ | 13.15 |
Total return (3) |  |  | (17.76 | )% |  |  | 66.47 | % |  |  | (17.15 | )% |  |  | (3.20 | )% |  |  | (1.29 | )%
Shares outstanding at end of year |  |  | 45,345,638 |  |  |  | 38,880,728 |  |  |  | 38,772,074 |  |  |  | 38,772,074 |  |  |  | 38,772,074 |
Ratios / Supplemental Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ratio of operating expenses to average net assets (4) |  |  | 5.34 | % |  |  | 3.77 | % |  |  | 5.19 | % |  |  | 3.94 | % |  |  | 3.01 | %
Ratio of debt related expenses to average net assets (5) |  |  | 5.85 | % |  |  | 5.00 | % |  |  | 5.63 | % |  |  | 5.21 | % |  |  | 4.73 | %
Ratio of total expenses to average net assets (5) |  |  | 11.19 | % |  |  | 8.77 | % |  |  | 10.82 | % |  |  | 9.15 | % |  |  | 7.74 | %
Ratio of net investment income to average net assets (5) |  |  | 9.55 | % |  |  | 8.07 | % |  |  | 9.00 | % |  |  | 8.76 | % |  |  | 5.81 | %
Net assets at end of year |  | $ | 527,092 |  |  | $ | 490,611 |  |  | $ | 477,270 |  |  | $ | 503,057 |  |  | $ | 535,842 |
Weighted average debt outstanding |  | $ | 698,765 |  |  | $ | 622,739 |  |  | $ | 737,209 |  |  | $ | 512,135 |  |  | $ | 354,322 |
Weighted average debt per share (1) |  | $ | 17.06 |  |  | $ | 16.06 |  |  | $ | 19.01 |  |  | $ | 13.21 |  |  | $ | 9.25 |
Asset coverage per unit (6) |  | $ | 1,784 |  |  | $ | 1,746 |  |  | $ | 1,677 |  |  | $ | 1,786 |  |  | $ | 2,122 |
Portfolio turnover ratio |  |  | 45.03 | % |  |  | 62.58 | % |  |  | 35.08 | % |  |  | 52.64 | % |  |  | 47.15 | %
(1) Based on the weighted average shares outstanding for the respective periods. (2) The tax status of distributions is calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP, and reported on Form 1099-DIV each calendar year. (3) Based on the change in market price per share during the periods and assumes distributions, if any, are reinvested. (4) Excludes debt related costs. (5) Includes interest and expenses on debt (annualized) as well as Credit Facility amendment and debt issuance costs, if any (not annualized). (6) The asset coverage ratio for a class of senior securities representing indebtedness is calculated on our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by the senior securities representing indebtedness at par (changed from fair value). This asset coverage ratio is multiplied by $1,000 to determine the asset coverage per unit.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentCompanyFinancialHighlightsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of financial highlights reported by investment company. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 220 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=124439613&loc=SL124453110-224270 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 205 -URI https://asc.fasb.org/subtopic&trid=2324234 + Details
Name: | us-gaap_InvestmentCompanyFinancialHighlightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration