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CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) $ in Thousands | Sep. 30, 2025 USD ($) $ / shares shares | Sep. 30, 2024 USD ($) $ / shares shares
--- | --- | ---
ASSETS |  |  |  |
Investment owned, at cost | $ | $ 876,614 | [1] | $ 771,011 | [2]
LIABILITIES |  |  |  |
Line of credit outstanding, at cost | $ | 0 |  | 70,600 |
Notes payable, unamortized deferred financing costs and discounts | $ | $ 8,644 |  | $ 2,990 |
Preferred stock, par or stated value per share (in USD per share) | $ / shares | $ 0.001 |  | $ 0.001 |
Preferred stock, shares authorized (in shares) | shares | 6,000,000 |  | 6,000,000 |
Preferred stock, shares, issued (in shares) | shares | 865,452 |  | 349,931 |
Preferred stock, shares, outstanding (in shares) | shares | 865,452 |  | 349,931 |
NET ASSETS |  |  |  |
Common stock, par value (in USD per share) | $ / shares | $ 0.001 |  | $ 0.001 |
Common stock, shares authorized (in shares) | shares | 44,000,000 |  | 44,000,000 |
Common stock, shares, issued (In shares) | shares | 22,593,069 |  | 22,230,587 |
Common stock, shares, outstanding (in shares) | shares | 22,593,069 |  | 22,230,587 |
Non-Control/Non-Affiliate investments |  |  |  |
ASSETS |  |  |  |
Investment owned, at cost | $ | $ 685,195 | [3] | $ 716,481 | [4]
Affiliate investments |  |  |  |
ASSETS |  |  |  |
Investment owned, at cost | $ | 58,446 | [5] | 16,746 | [6]
Control investments |  |  |  |
ASSETS |  |  |  |
Investment owned, at cost | $ | $ 132,973 | [7] | $ 37,784 | [8]
[1] | Cumulative gross unrealized depreciation for federal income tax purposes is $59.7 million; cumulative gross unrealized appreciation for federal income tax purposes is $34.1 million. Cumulative net unrealized depreciation is $25.5 million, based on a tax cost of $884.7 million.
[2] | Cumulative gross unrealized depreciation for federal income tax purposes is $66.1 million; cumulative gross unrealized appreciation for federal income tax purposes is $85.8 million. Cumulative net unrealized appreciation is $19.7 million, based on a tax cost of $776.5 million
[3] | Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[4] | Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[5] | Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[6] | Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[7] | Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.
[8] | Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.

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