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Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Net increase in net assets from operations:      
Net investment income $ 48,582 $ 39,626 $ 43,385
Net realized loss on investments (11,106) (12,796) (12,682)
Net change in unrealized depreciation (appreciation) on investments (24,512) 41,295 (26,467)
Net change in provision for taxes on unrealized appreciation on investments (4,568)    
Net change in unrealized depreciation (appreciation) on debt (4,943) (11,609) 14,177
Net increase in net assets resulting from operations 3,453 56,516 18,413
Distributions to stockholders:      
Distribution of net investment income (46,685) (44,207) (44,200)
Total distributions to stockholders (46,685) (44,207) (44,200)
Capital transactions      
Public offering 81,936 1,403  
Offering costs (2,223) (371)  
Net increase in net assets resulting from capital transactions 79,713 1,032  
Net increase (decrease) in net assets 36,481 13,341 (25,787)
Net assets:      
Beginning of year 490,611 [1],[2],[3] 477,270 503,057
End of year $ 527,092 [4],[5],[6] $ 490,611 [1],[2],[3] $ 477,270
Capital share activity:      
Shares issued from public offering 6,464,910 108,654  
[1] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[2] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[3] Valued based on our accounting policy (See Note 2). The value of all securities was determined using significant unobservable inputs (See Note 5).
[4] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[5] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[6] Valued based on our accounting policy (See Note 2). The value of all securities was determined using significant unobservable inputs (See Note 5).