XML 57 R48.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Borrowings (Details) - USD ($) |  |  |  |  |  |  |  | 3 Months Ended | 12 Months Ended |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Dec. 15, 2022 | Dec. 16, 2021 | Nov. 09, 2021 | Mar. 10, 2018 | Dec. 12, 2016 | Mar. 26, 2013 | Mar. 18, 2013 | Dec. 31, 2023 | Sep. 30, 2023 | Nov. 15, 2021 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 30, 2013
Borrowings (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset coverage percentage |  |  |  |  |  |  |  | 275.40% | 270.70% |  |  |  |  |  |  |
Asset coverage percentage with no approval |  |  |  |  |  |  |  | 200.00% |  |  |  |  |  |  |  |
Revolving credit facility in terms | 3 years |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving credit facility | $ 50,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding credit facility |  |  |  |  |  |  |  | $ 28,400,000 | $ 28,400,000 |  |  |  |  |  |  |
Interest rate |  |  |  |  |  |  |  | 2.90% |  |  |  |  |  |  |  |
Commitment fee percentage |  |  |  |  |  |  |  | 0.25% |  |  |  |  |  |  |  |
Credit facility borrowing, description |  |  |  |  |  |  |  | the Company borrowed $23.2 million under the Credit Facility and used these proceeds to redeem $22.6 million in aggregate principal amount of the issued and outstanding 2023 Notes, comprising all issued and outstanding 2023 Notes. The 2023 Notes were redeemed at 100% of their principal amount, plus accrued and unpaid interest thereon from September 30, 2022 through, but excluding January 17, 2023 (the “Redemption Date”). |  |  |  |  |  |  |  |
Aggregate principal amount | $ 22,521,800 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Percentage of principal amount | 100.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maximum [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset coverage percentage |  |  |  |  |  |  |  |  |  |  |  | 200.00% |  |  |  |
Minimum [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset coverage percentage |  |  |  |  |  |  |  | 200.00% |  |  |  | 150.00% |  |  |  |
Borrowings [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset coverage percentage |  |  |  |  |  |  |  | 200.00% |  |  |  |  |  |  |  |
2023 Notes [Member] | Unsecured Debt [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aggregate principal amount |  |  |  |  | $ 40,000,000 | $ 3,500,000 | $ 60,000,000 |  |  |  |  |  |  |  |  |
Percentage of unsecured notes |  |  |  |  |  |  | 6.125% |  |  |  |  |  | 6.125% | 6.125% | 6.125% | 6.125%
Maturity date |  |  |  |  |  |  | Mar. 30, 2023 |  |  |  |  |  |  |  |  |
Sale of debt |  |  |  |  | 1,573,872 |  |  |  |  |  |  |  |  |  |  |
Redemption price per share |  |  |  |  | $ 25.03 |  |  |  |  |  |  |  |  |  |  |
Net proceeds |  |  |  |  | $ 38,600,000 |  |  |  |  |  |  |  |  |  |  |
Aggregate principal amount |  | $ 55,325,000 |  | $ 13,000,000 |  |  |  |  |  | $ 55,325,000 | $ 12,000,000 |  |  |  |  |
Gain (loss) on extinguishment of debt |  | $ 300,000 |  | $ 300,000 |  |  |  |  |  |  |  |  |  |  |  |
2028 Notes [Member] | Underwriters [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aggregate principal amount |  |  | $ 7,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |
2028 Notes [Member] | Unsecured Debt [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aggregate principal amount |  |  | $ 57,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Percentage of unsecured notes |  |  | 5.25% |  |  |  |  |  |  |  |  |  |  |  |  |
Maturity date |  |  | Nov. 01, 2028 |  |  |  |  |  |  |  |  |  |  |  |  |

X
- Definition Aggregate principal amount. + References No definition available. + Details
Name: | pfx_AggregatePrincipalAmount
Namespace Prefix: | pfx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Asset coverage percentage. + References No definition available. + Details
Name: | pfx_AssetCoveragePercentage
Namespace Prefix: | pfx_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Asset coverage percentage with no approval. + References No definition available. + Details
Name: | pfx_AssetCoveragePercentageWithNoApproval
Namespace Prefix: | pfx_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Sale of debt securities by shares. + References No definition available. + Details
Name: | pfx_AvailableForSaleOfDebtShares
Namespace Prefix: | pfx_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pfx_BorrowingsDetailsLineItems
Namespace Prefix: | pfx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of debt instrument redemption value. + References No definition available. + Details
Name: | pfx_DebtInstrumentRedemptionAmount
Namespace Prefix: | pfx_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Par value per share of debt instrument redemption price. + References No definition available. + Details
Name: | pfx_DebtInstrumentRedemptionPricePerShare
Namespace Prefix: | pfx_
Data Type: | dtr:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage of principal amount. + References No definition available. + Details
Name: | pfx_PercentageOfPrincipalAmount
Namespace Prefix: | pfx_
Data Type: | dtr:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481303/470-50-40-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481303/470-50-40-4 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The fair value of line of credit assumed in noncash investing or financing activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-5 + Details
Name: | us-gaap_LineOfCreditAssumed1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Description of the credit facility's borrowing capacity including discussion of how the borrowing capacity is determined (for example, borrowing capacity based on the amount of current assets). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityBorrowingCapacityDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityExpirationPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The effective interest rate during the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum month-end amount borrowed under the credit facility during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumMonthendOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14 + Details
Name: | us-gaap_ProceedsFromIssuanceOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-9 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-11 + Details
Name: | us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubordinatedBorrowingAxis=us-gaap_BorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pfx_TwoThousandTwentyThirdNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pfx_TwoThousandTwentyEighthNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubordinatedBorrowingAxis=pfx_UnderwritersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |