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Taxes and Distributions (Tables)

12 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Summary of Amounts Reclassified for Tax Purposes

The following amounts were reclassified for tax purposes (in thousands):


		Years Ended September 30,
		2022				2021				2020
Decrease in paid-in capital		$	(492	)		$	(369	)		$	(481	)
Decrease in accumulated net realized loss			1,118				(292	)			(263	)
Increase in undistributed net investment income			(625	)			661				745

Summary of Reconciles Net Increase in Net Assets Resulting From Operations to Taxable Income

The following reconciles net increase in net assets resulting from operations to taxable income:


		Years Ended September 30,
		2022				2021				2020
Net increase in net assets resulting from operations		$	3,453			$	56,516			$	18,413
Net realized loss on investments			11,106				12,796				12,682
Net change in unrealized depreciation (appreciation) on investments and debt			34,023				(29,686	)			12,290
Other book-to-tax differences			(549	)			3,153				(2,424	)
Other non-deductible expenses			993				846				757
Taxable income before dividends paid deduction		$	49,026			$	43,625			$	41,718

Summary of Components of Undistributed Taxable Income on Tax Basis and Reconciliation to Accumulated Deficit on Book Basis

The components of undistributed taxable income on a tax basis and reconciliation to accumulated surplus on a book basis are as follows (in thousands):


		As of September 30,
		2022				2021				2020
Undistributed ordinary income – tax basis		$	11,141			$	8,415			$	8,474
Short-term realized loss carried forward			(24,655	)			(6,452	)			(8,274	)
Long-term realized loss carried forward			(65,977	)			(59,136	)			(40,147	)
Distributions payable and other book to tax differences			3,933				(9,669	)			(9,887	)
Net unrealized appreciation (depreciation) of investments and debt			(15,423	)			18,600				(11,087	)
Total accumulated deficit – book basis		$	(90,981	)		$	(48,242	)		$	(60,920	)

Summary of Tax Characteristics of Distributions Declared

The tax characteristics of distributions declared are as follows (in thousands):


		Years Ended September 30,
		2022				2021				2020
Ordinary income (including short-term gains, if any)		$	46,685			$	44,207			$	44,200
Long-term capital gain			—				—				—
Total distributions		$	46,685			$	44,207			$	44,200
Total distributions per share based on weighted average shares		$	1.14			$	1.14			$	1.14