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Agreements and Related Party Transactions (Tables)

6 Months Ended

Dec. 31, 2023

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser for the three and six months ended December 31, 2023 and 2022:


	For the three months ended December 31,				For the six months ended December 31,
	2023		2022		2023		2022
Base management fees	$	980,260	$	1,057,104	$	1,959,179	$	2,161,085
Waiver of base management fees		(108,265)		(112,481)		(194,895)		(206,627)
Income-based incentive fees		(72,942)		—		(72,942)		(147,145)
Waiver of income-based incentive fees		—		—		—		—
Capital gains fee		—		—		—		—
Allocation of administrative costs from Adviser		629,045		375,900		892,420		751,800
Total net expense to affiliates	$	1,428,098	$	1,320,523	$	2,583,762	$	2,559,113

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser as of December 31, 2023 and June 30, 2023:


	As of December 31,		As of June 30,
	2023		2023
Due from affiliate	$	515,361	$	—
Total amount due from affiliate	$	515,361	$	—

Base management fees payable	$	871,955	$	906,218
Income-based incentive fees payable		128,876		576,023
Capital gains fee payable		—		—
Allocation of administrative costs from Adviser payable(1)		153,381		172,308
Total amount due to affiliates	$	1,154,212	$	1,654,549

(1)

Balances are reported within Accrued Expenses and Other Liabilities on the Consolidated Statements of Assets and Liabilities.