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Taxes and Distributions (Tables)

12 Months Ended

Sep. 30, 2025

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,
		2025				2024				2023
Decrease in paid-in capital		$	(1,976	)		$	(900	)		$	(531	)
Decrease in accumulated net realized loss			4				8				(1,645	)
Increase in undistributed net investment income			1,972				892				2,176

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,
		2025				2024				2023
Net increase in net assets resulting from operations		$	66,365			$	91,839			$	39,261
Net realized gain (loss) on investments			6,046				(177	)			16,155
Net realized gain (loss) on debt			—				383				—
Net change in unrealized depreciation (appreciation) on investments and debt			34,743				(14,324	)			12,075
Other book-to-tax differences			1,668				11,435				(5,081	)
Other non-deductible expenses			1,929				2,220				1,924
Taxable income before dividends paid deduction		$	110,751			$	91,376			$	64,334

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 deficit on a book basis are as follows (in thousands):


		As of September 30,
		2025				2024				2023
Undistributed ordinary income – tax basis		$	25,251			$	30,316			$	17,158
Short-term realized loss carried forward			(28,074	)			(16,286	)			(16,544	)
Long-term realized loss carried forward			(92,134	)			(88,745	)			(78,796	)
Distributions payable and other book to tax differences			(1,827	)			(11,639	)			(5,959	)
Net unrealized appreciation (depreciation) of investments and debt			(48,301	)			(13,174	)			(27,499	)
Total accumulated deficit – book basis		$	(145,085	)		$	(99,528	)		$	(111,641	)

Summary of Tax Characteristics of Distributions Declared

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


		Years Ended September 30,
		2025				2024				2023
Ordinary income (including short-term gains, if any)		$	113,897			$	80,627			$	60,451
Long-term capital gain			—				—				—
Total distributions		$	113,897			$	80,627			$	60,451
Total distributions per share based on weighted average shares		$	1.23			$	1.23			$	1.19