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Agreements and Related Party Transactions (Tables)

9 Months Ended

Mar. 31, 2024

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser for the three and nine months ended March 31, 2024 and 2023:


	For the three months ended March 31,				For the nine months ended March 31,
	2024		2023		2024		2023
Base management fees	$	951,799	$	1,043,306	$	2,910,978	$	3,204,391
Waiver of base management fees		(97,431)		(89,939)		(292,326)		(296,566)
Income-based incentive fees		—		—		(72,942)		(147,145)
Waiver of income-based incentive fees		—		—		—		—
Capital gains fee		—		—		—		—
Allocation of administrative costs from Adviser		225,856		375,900		1,118,276		1,127,700
Total net expense to affiliates	$	1,080,224	$	1,329,267	$	3,663,986	$	3,888,380

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser as of March 31, 2024 and June 30, 2023:


	As of March 31,		As of June 30,
	2024		2023
Due from affiliate	$	175,916	$	—
Total amount due from affiliate	$	175,916	$	—

Base management fees payable	$	854,328	$	906,218
Income-based incentive fees payable		128,876		576,023
Capital gains fee payable		—		—
Allocation of administrative costs from Adviser payable(1)		133,376		172,308
Total amount due to affiliates	$	1,116,580	$	1,654,549

(1)

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