Quarterly report pursuant to Section 13 or 15(d)

DISTRIBUTIONS TO COMMON STOCKHOLDERS

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DISTRIBUTIONS TO COMMON STOCKHOLDERS
 3 Months Ended
Dec. 31, 2022
Equity [Abstract]  
DISTRIBUTIONS TO COMMON STOCKHOLDERS DISTRIBUTIONS TO COMMON STOCKHOLDERS
To qualify to be taxed as a RIC under Subchapter M of the Code, we must generally distribute to our stockholders, for each taxable year, at least 90% of our taxable ordinary income plus the excess of our net short-term capital gains over net long-term capital losses (“Investment Company Taxable Income”). The amount to be paid out as distributions to our stockholders is determined by our Board of Directors quarterly and is based on management’s estimate of Investment Company Taxable Income. Based on that estimate, our Board of Directors declares three monthly distributions to common stockholders each quarter.
The federal income tax characteristics of all distributions will be reported to stockholders on the IRS Form 1099 after the end of each calendar year. Estimates of tax characterization made on a quarterly basis may not be representative of the actual tax characterization of cash distributions for the full year. Estimates made on a quarterly basis are updated as of each interim reporting date.
For the calendar year ended December 31, 2022, 93.2% of distributions to common stockholders were deemed to be paid from ordinary income and 6.8% of distributions were deemed to be return of capital for 1099 stockholder reporting purposes. For the calendar year ended December 31, 2021, 100.0% of distributions to common stockholders were deemed to be paid from ordinary income for 1099 stockholder reporting purposes.
We paid the following monthly distributions to common stockholders for the three months ended December 31, 2022 and 2021:
Fiscal Year Declaration Date Record Date Payment Date Distribution per Common Share
2023 October 11, 2022 October 21, 2022 October 31, 2022 $ 0.07 
October 11, 2022 November 18, 2022 November 30, 2022 0.07 
October 11, 2022 December 20, 2022 December 30, 2022 0.07 
Three Months Ended December 31, 2022:
 $ 0.21 
Fiscal Year Declaration Date Record Date Payment Date Distribution per Common Share
2022 October 12, 2021 October 22, 2021 October 29, 2021 $ 0.065 
October 12, 2021 November 19, 2021 November 30, 2021 0.065 
October 12, 2021 December 23, 2021 December 31, 2021 0.065 
Three Months Ended December 31, 2021:
 $ 0.195 
Aggregate distributions declared and paid to our common stockholders were approximately $7.4 million and $6.7 million for the three months ended December 31, 2022 and 2021, respectively, and were declared based on estimates of Investment Company Taxable Income for the respective fiscal years. For the fiscal year ended September 30, 2022, distributions declared and paid exceeded taxable income available for common distributions resulting in a partial return of capital of approximately $1.4 million.
For the three months ended December 31, 2022 and the fiscal year ended September 30, 2022, we recorded the following adjustments for book-tax differences to reflect tax character. Results of operations, total net assets, and cash flows were not affected by these adjustments.
Three Months Ended
December 31, 2022
Year Ended
September 30, 2022
Undistributed net investment income
$ 271  $ (5,606)
Accumulated net realized losses (271) 7,013 
Capital in excess of par value —  (1,407)