Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
OPERATIONS      
Net investment income $ 45,207 $ 46,059 $ 41,020
Net realized gain (loss) on investments 55,368 2,008 12,345
Net realized gain (loss) on other 274 3,951 319
Net unrealized appreciation (depreciation) of investments (42,739) 42,703 (11,016)
Preferred stock dividends (919) (215) 0
Net increase (decrease) in net assets from operations 57,191 94,506 42,668
DISTRIBUTIONS      
Distributions to common stockholders from net investment income [1],[2] (44,289) (43,141) (35,407)
Distributions to common stockholders from realized gains [1],[2] (11,191) 0 0
Net decrease in net assets from distributions (55,480) (43,141) (35,407)
CAPITAL TRANSACTIONS      
Issuance of common stock 9,583 10,998 87,394
Offering costs for issuance of common stock (154) (163) (1,447)
Net increase (decrease) in net assets from capital transactions 9,429 10,835 85,947
NET INCREASE (DECREASE) IN NET ASSETS 11,140 62,200 93,208
NET ASSETS, beginning balance 470,895 408,695 315,487
NET ASSETS, ending balance $ 482,035 $ 470,895 $ 408,695
[1] Per share amounts have been adjusted on a retroactive basis to reflect the Reverse Stock Split effected on April 4, 2024. Refer to Note 2—Summary of Significant Accounting Policies for additional information.
[2] Refer to Note 9 – Distributions to Common Stockholders for additional information.