v3.25.4
Pay vs Performance Disclosure
 12 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance

In accordance with the final rule adopted by the SEC in August 2022 implementing Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we are providing the following table that sets forth certain compensation measures for certain of our officers alongside certain performance metrics for the Company and industry peers:

                 

Value of initial fixed
$100 investment
based on:

        

Year

  

Summary
Compensation
Table Total for
PEO(1)

  

Compensation
Actually Paid
to PEO(2)

  

Average
Summary
Compensation
Table Total
for Non-PEO
NEOs(1)

  

Average
Compensation
Actually Paid
to Non-PEO
NEOs(2)

  

Company
TSR

  

Peer
Group
TSR(3)

  

Net Investment
Income
($ in thousands)

  

NAV
Per
Share

2025

  

$

2,607,492

  

$

2,607,492

  

$

1,245,039

  

$

1,245,039

  

283.93

  

206.12

  

5,140

  

 

80.24

2024

  

$

2,872,160.00

  

$

2,872,160.00

  

$

1,309,900.00

  

$

1,309,900.00

  

275.54

  

205.43

  

4,734

  

$

79.37

2023

  

$

1,925,000.00

  

$

1,925,000.00

  

$

890,000.00

  

$

890,000.00

  

213.27

  

176.69

  

6,510

  

$

70.75

2022

  

$

1,181,921.00

  

$

1,181,921.00

  

$

614,928.00

  

$

614,928.00

  

196.27

  

131.45

  

3,431

  

$

57.49

2021

  

$

774,223.85

  

$

774,223.85

  

$

472,307.69

  

$

472,307.69

  

240.61

  

154.34

  

18,523

  

$

57.08

(1)      For each of fiscal year 2022, 2023, 2024 and 2025, the PEO was David A. Lorber and the non-PEO NEO was Ellida McMillan. On January 1, 2021, the Company completed the Internalization, prior to which there was a different PEO and non-PEO NEO. Effective January 1, 2021, Mr. Lorber became the PEO and Ms. McMillan became the non-PEO NEO and

          the prior PEO and non-PEO NEO (concurrently with the Company commencing operations under an internalized management structure) ceased serving in such roles. The prior PEO and non-PEO NEO were not employees of the Company, and the Company did not directly compensate them.

(2)      No adjustments are applicable pursuant to Item 402(v)(2)(iii) of Regulation S-K.

(3)      The “peer group” for Total Shareholder Return (“TSR”) is the S&P BDC Index.

        
Named Executive Officers, Footnote For each of fiscal year 2022, 2023, 2024 and 2025, the PEO was David A. Lorber and the non-PEO NEO was Ellida McMillan. On January 1, 2021, the Company completed the Internalization, prior to which there was a different PEO and non-PEO NEO. Effective January 1, 2021, Mr. Lorber became the PEO and Ms. McMillan became the non-PEO NEO and

          the prior PEO and non-PEO NEO (concurrently with the Company commencing operations under an internalized management structure) ceased serving in such roles. The prior PEO and non-PEO NEO were not employees of the Company, and the Company did not directly compensate them.

        
PEO Total Compensation Amount [1] $ 2,607,492 $ 2,872,160 $ 1,925,000 $ 1,181,921 $ 774,223.85
PEO Actually Paid Compensation Amount [2] 2,607,492 2,872,160 1,925,000 1,181,921 774,223.85
Non-PEO NEO Average Total Compensation Amount [1] 1,245,039 1,309,900 890,000 614,928 472,307.69
Non-PEO NEO Average Compensation Actually Paid Amount [2] 1,245,039 1,309,900 890,000 614,928 472,307.69
Total Shareholder Return Amount 283.93 275.54 213.27 196.27 240.61
Peer Group Total Shareholder Return Amount [3] 206.12 205.43 176.69 131.45 154.34
Net Income (Loss) $ 5,140,000 $ 4,734,000 $ 6,510,000 $ 3,431,000 $ 18,523,000
Company Selected Measure Amount 80.24 79.37 70.75 57.49 57.08
PEO Name David A. Lorber David A. Lorber David A. Lorber David A. Lorber  
[1] For each of fiscal year 2022, 2023, 2024 and 2025, the PEO was David A. Lorber and the non-PEO NEO was Ellida McMillan. On January 1, 2021, the Company completed the Internalization, prior to which there was a different PEO and non-PEO NEO. Effective January 1, 2021, Mr. Lorber became the PEO and Ms. McMillan became the non-PEO NEO and

          the prior PEO and non-PEO NEO (concurrently with the Company commencing operations under an internalized management structure) ceased serving in such roles. The prior PEO and non-PEO NEO were not employees of the Company, and the Company did not directly compensate them.

[2] No adjustments are applicable pursuant to Item 402(v)(2)(iii) of Regulation S-K.
[3] The “peer group” for Total Shareholder Return (“TSR”) is the S&P BDC Index.