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Financial Highlights
 9 Months Ended
Jun. 30, 2025
Investment Company, Financial Highlights [Abstract]  
Financial Highlights

Note 12. Financial Highlights

 

The following is a schedule of financial highlights for the nine months ended June 30, 2025 and 2024:

 

   For the Nine Months Ended
June 30,		 
   2025   2024 
Per share data        
Net Asset Value per share at Beginning of Period  $79.37   $70.75 
           
Results of Operations:          
Net Investment Income/(Loss)   1.86    2.08 
Net Realized Gain/(Loss) on Investments   (5.89)   3.49 
Net Unrealized Gain/(Loss) on Investments   4.20    0.54 
Deferred tax benefit (expense)   (0.14)   
-
 
Net Increase (Decrease) in Net Assets Resulting from Operations   0.03    6.11 
           
Capital Share Transactions          
Distributions declared from taxable income   (1.43)   (1.31)
Repurchase of common stock under stock repurchase program(1)   0.23    0.80 
Net Increase (Decrease) Resulting from Capital Share Transactions   (1.20)   (0.51)
Net Asset Value per share at End of Period  $78.20   $76.35 
           
Net Assets at End of Period  $156,694,119   $154,203,403 
Shares Outstanding at End of Period   2,003,869    2,019,778 
           
Per share market value at end of period  $50.65   $46.77 
Total return based on market value(2)   9.41%   26.86%
Total return based on net asset value(3)   (0.45)%   6.91%
Portfolio turnover rate   33.80%   37.90%
Ratios:          
Ratio of net investment/(loss) income to average net assets after waivers, discounts and reimbursements(4)   3.14%   3.76%
Ratio of total expenses to average net assets(4)   12.26%   10.90%
           
Supplemental Data:          
Percentage of non-recurring fee income(5)   4.47%   2.73%
Average debt outstanding(6)  $143,376,643   $88,660,220 
Average debt outstanding per weighted average common share  $71.02   $43.31 
Asset coverage ratio per unit(7)  $2,072   $2,778 
Senior Securities Outstanding(8)          
2028 Notes  $57,500,000   $57,500,000 
2028 Promissory Note  $1,661,498   $1,661,498 
Credit Facility  $86,991,619   $27,572,953 
           
Average market value per unit:          
2028 Notes  $22.62   $22.51 

 

(1) The amount shown at this caption reflected the balance derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the repurchase of common stock due to the timing of the repurchase of the Company’s shares.
(2) Total return is historical and assumes changes in share price, reinvestments of all dividends and distributions at prices obtained under the Company’s dividend reinvestment plan, and no sales charge for the period. Calculation is not annualized.

 

(3) Total return is historical and assumes changes in NAV, reinvestments of all dividends at prices obtained under the Company’s dividend reinvestment plan, and no sales charges for the period. Calculation is not annualized.

 

(4) Ratios are annualized during interim periods.

 

(5) Represents the impact of the non-recurring fees as a percentage of total investment income.

 

(6) Based on daily weighted average carrying value of debt outstanding during the period.

 

(7) Asset coverage per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness.

 

As of June 30, 2025, the Company’s asset coverage was 207.2% after giving effect to leverage and therefore the Company’s asset coverage was above 200%, the minimum asset coverage requirement under the 1940 Act.

 

(8) Total amount of each class of senior securities outstanding at the end of the period excluding debt issuance costs.