XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.23.2

FINANCIAL HIGHLIGHTS | 9 Months Ended
--- | ---
Jun. 30, 2023
Investment Company [Abstract] |
FINANCIAL HIGHLIGHTS | FINANCIAL HIGHLIGHTS
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Per Common Share Data: |  |  |  |  |  |  |
Net asset value at beginning of period(A) | $ | 9.19 |  |  | $ | 9.49 |  |  | $ | 9.08 |  |  | $ | 9.28 |
Income from operations(B) |  |  |  |  |  |  |
Net investment income | 0.31 |  |  | 0.20 |  |  | 0.82 |  |  | 0.72 |
Net realized and unrealized gain (loss) on investments | 0.01 |  |  | (0.37) |  |  | (0.03) |  |  | (0.29) |
Net realized and unrealized gain (loss) on other | — |  |  | 0.01 |  |  | 0.02 |  |  | — |
Total from operations | 0.32 |  |  | (0.16) |  |  | 0.81 |  |  | 0.43 |
Distributions to common stockholders from(B)(C) |  |  |  |  |  |  |
Net investment income | (0.24) |  |  | (0.15) |  |  | (0.68) |  |  | (0.55) |
Return of capital | — |  |  | (0.05) |  |  | — |  |  | (0.05) |
Total distributions | (0.24) |  |  | (0.20) |  |  | (0.68) |  |  | (0.60) |
Capital share transactions(B) |  |  |  |  |  |  |
Anti-dilutive effect of common stock issuance(D) | 0.01 |  |  | — |  |  | 0.08 |  |  | — |
Total capital share transactions | 0.01 |  |  | — |  |  | 0.08 |  |  | — |
Other, net | (0.01) |  |  | (0.01) |  |  | (0.02) |  |  | 0.01 |
Net asset value at end of period(A) | $ | 9.27 |  |  | $ | 9.12 |  |  | $ | 9.27 |  |  | $ | 9.12 |
Per common share market value at beginning of period | $ | 9.40 |  |  | $ | 11.79 |  |  | $ | 8.49 |  |  | $ | 11.30 |
Per common share market value at end of period | 9.76 |  |  | 10.09 |  |  | 9.76 |  |  | 10.09 |
Total return(E) | 6.45 | % |  | (12.84) | % |  | 23.16 | % |  | (5.91) | %
Common stock outstanding at end of period(A) | 38,600,686 |  |  | 34,304,371 |  |  | 38,600,686 |  |  | 34,304,371 |
Statement of Assets and Liabilities Data: |  |  |  |  |  |  |
Net assets at end of period | $ | 357,946 |  |  | $ | 312,921 |  |  | $ | 357,946 |  |  | $ | 312,921 |
Average net assets(F) | 351,454 |  |  | 322,048 |  |  | 338,703 |  |  | 322,610 |
Senior Securities Data: |  |  |  |  |  |  |
Borrowings under line of credit, at cost | 163,800 |  |  | 80,000 |  |  | 163,800 |  |  | 80,000 |
Notes payable | 200,000 |  |  | 200,000 |  |  | 200,000 |  |  | 200,000 |
Ratios/Supplemental Data: |  |  |  |  |  |  |
Ratio of net expenses to average net assets – annualized(G)(H) | 12.69 | % |  | 8.49 | % |  | 12.85 | % |  | 9.26 | %
Ratio of net investment income to average net assets – annualized(I) | 13.29 | % |  | 8.63 | % |  | 11.82 | % |  | 10.25 | %
(A) Based on actual shares outstanding at the end of the corresponding period. (B) Based on weighted average basic per share data. (C) The tax character of distributions is determined based on taxable income calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP. (D) During the three and nine months ended June 30, 2023, the anti-dilution was a result of issuing common shares during the period at a price above the then current NAV per share. (E) Total return equals the change in the ending market value of our common stock from the beginning of the fiscal year, taking into account distributions reinvested in accordance with the terms of our dividend reinvestment plan. Total return does not take into account distributions that may be characterized as a return of capital. For further information on the estimated character of our distributions to common stockholders, refer to Note 9—Distributions to Common Stockholders. (F) Computed using the average of the balance of net assets at the end of each month of the reporting period. (G) Ratio of net expenses to average net assets is computed using total expenses, net of credits from the Adviser, to the base management, loan servicing and incentive fees. (H) Had we not received any non-contractual, unconditional and irrevocable credits of fees from the Adviser, the ratio of net expenses to average net assets would have been 17.30% and 16.42% for the three and nine months ended June 30, 2023, respectively, and 12.49% and 12.68% for the three and nine months ended June 30, 2022, respectively. (I) Had we not received any non-contractual, unconditional and irrevocable credits of fees from the Adviser, the ratio of net investment income to average net assets would have been 8.77% and 8.32% for the three and nine months ended June 30, 2023, respectively, and 4.69% and 6.88% for the three and nine months ended June 30, 2022, respectively.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentCompanyAbstract
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 -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-7 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 50 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480737/946-205-50-24 + Details
Name: | us-gaap_InvestmentCompanyFinancialHighlightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration