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Taxes and Distributions (Tables)

12 Months Ended

Sep. 30, 2023

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,
		2023				2022				2021
Decrease in paid-in capital		$	(531	)		$	(492	)		$	(369	)
Decrease in accumulated net realized loss			(1,645	)			1,118				(292	)
Increase in undistributed net investment income			2,176				(625	)			661

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,
		2023				2022				2021
Net increase in net assets resulting from operations		$	39,261			$	3,453			$	56,516
Net realized loss on investments			16,155				11,106				12,796
Net change in unrealized depreciation (appreciation) on investments and debt			12,075				34,023				(29,686	)
Other book-to-tax differences			(5,081	)			(549	)			3,153
Other non-deductible expenses			1,924				993				846
Taxable income before dividends paid deduction		$	64,334			$	49,026			$	43,625

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,
		2023				2022				2021
Undistributed ordinary income – tax basis		$	17,158			$	11,141			$	8,415
Short-term realized loss carried forward			(16,544	)			(24,655	)			(6,452	)
Long-term realized loss carried forward			(78,796	)			(65,977	)			(59,136	)
Distributions payable and other book to tax differences			(5,959	)			3,933				(9,669	)
Net unrealized appreciation (depreciation) of investments and debt			(27,499	)			(15,423	)			18,600
Total accumulated deficit – book basis		$	(111,641	)		$	(90,981	)		$	(48,242	)

Summary of Tax Characteristics of Distributions Declared

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


		Years Ended September 30,
		2023				2022				2021
Ordinary income (including short-term gains, if any)		$	60,451			$	46,685			$	44,207
Long-term capital gain			—				—				—
Total distributions		$	60,451			$	46,685			$	44,207
Total distributions per share based on weighted average shares		$	1.19			$	1.14			$	1.14