Financial Highlights

3 Months Ended

Sep. 30, 2022

The following is a schedule of financial highlights for the three months ended September 30, 2022 and September 30, 2021:


	Three Months Ended September 30,
	2022				2021
Per Share Data
Net asset value per common share at beginning of period	$	10.48			$	9.81
Net investment income(1)	0.25				0.21
Net realized and change in unrealized (losses) gains(1)	(0.49)				0.33
Net (decrease) increase from operations	(0.24)				0.54
Distributions of net investment income to preferred stockholders	(0.03)				(0.01)
Net (decrease) increase from operations applicable to common stockholders	(0.27)				0.53
Distributions of net investment income to common stockholders	(0.18)			(4)	(0.18)			(4)
Return of Capital to common stockholders	—			(4)	—			(4)
Common stock transactions(2)	(0.02)				(0.01)
Offering costs from issuance of preferred stock	—				(0.03)

Net asset value per common share at end of period	$	10.01			$	10.12

Per common share market value at end of period	$	6.20			$	7.70
Total return based on market value(3)	(9.06		%)		(6.06		%)
Total return based on net asset value(3)	(2.07		%)		5.59		%
Shares of common stock outstanding at end of period	396,179,053				389,504,713
Weighted average shares of common stock outstanding	394,337,440				388,886,142

Ratios/Supplemental Data
Net assets at end of period	$	3,964,422			$	3,943,263
Portfolio turnover rate	1.98		%		5.13		%
Annualized ratio of operating expenses to average net assets applicable to common shares(8)	10.23		%		9.09		%
Annualized ratio of net investment income to average net assets applicable to common shares(8)	9.82		%		8.40		%

The following is a schedule of financial highlights for each of the five years ended in the period ended June 30, 2022:


	Year Ended June 30,
	2022				2021				2020				2019			2018
Per Share Data
Net asset value per common share at beginning of year	$	9.81			$	8.18			$	9.01			$	9.35		$	9.32
Net investment income(1)	0.88				0.75				0.72				0.85			0.79
Net realized and change in unrealized gains (losses)(1)	0.61				1.77				(0.76)				(0.46)			0.04
Net increase (decrease) from operations	1.49				2.51			(5)	(0.04)				0.39			0.83
Distributions of net investment income to preferred stockholders	(0.06)				—				—				—			—
Net increase (decrease) from operations applicable to common stockholders	1.43				2.51				(0.04)				0.39			0.83
Distributions of net investment income to common stockholders	(0.71)			(4)	(0.63)			(9)	(0.49)			(7)	(0.72)			(0.77)
Return of capital to common stockholders	(0.01)			(4)	(0.09)			(9)	(0.23)			(7)	—			—
Common stock transactions(2)	(0.05)				(0.11)				(0.07)				(0.01)			(0.03)			(4)
Offering costs from issuance of preferred stock	(0.03)				(0.04)				—				—			—
Reclassification of preferred stock issuance costs(6)	0.03				—				—				—			—
Net asset value per common share at end of year	$	10.48		(5)	$	9.81		(5)	$	8.18			$	9.01		$	9.35

Per share market value at end of year	$	6.99			$	8.39			$	5.11			$	6.53		$	6.71
Total return based on market value(3)	(8.59		%)		85.53		%		(11.35		%)		8.23		%	(7.42		%)
Total return based on net asset value(3)	17.21		%		35.52		%		2.84		%		7.17		%	12.39		%
Shares of common stock outstanding at end of year	393,164,437				388,419,573				373,538,499				367,131,025			364,409,938
Weighted average shares of common stock outstanding	390,571,648				382,705,106				368,094,299				365,984,541			361,456,075

Ratios/Supplemental Data
Net assets at end of year	$	4,119,123			$	3,945,517			$	3,055,861			$	3,306,275		$	3,407,047
Portfolio turnover rate	15.92		%		14.64		%		16.46		%		10.86		%	30.70		%
Ratio of operating expenses to average net assets applicable to common shares(8)	9.00		%		9.98		%		11.37		%		11.65		%	11.08		%
Ratio of net investment income to average net assets applicable to common shares(8)	8.44		%		8.24		%		8.44		%		9.32		%	8.57		%

(1)Per share data amount is based on the basic weighted average number of common shares outstanding for the year/period presented (except for dividends to stockholders which is based on actual rate per share).

(2)Common stock transactions include the effect of our issuance of common stock in public offerings (net of underwriting and offering costs), shares issued in connection with our common stock dividend reinvestment plan, common shares issued to acquire investments, common shares repurchased below net asset value pursuant to our Repurchase Program, and common shares issued pursuant to the Holder Optional Conversion of our 5.50% Preferred Stock.

(3)Total return based on market value is based on the change in market price per common share between the opening and ending market prices per share in each period and assumes that common stock dividends are reinvested in accordance with our common stock dividend reinvestment plan. Total return based on net asset value is based upon the change in net asset value per common share between the opening and ending net asset values per common share in each period and assumes that dividends are reinvested in accordance with our common stock dividend reinvestment plan. For periods less than a year, total return is not annualized.

(4)Not finalized for the respective fiscal period. Refer to Note 12.

(5)Does not foot due to rounding.

(6)Preferred stock issuance costs include offering costs and underwriting costs related to the issuance of preferred stock. During the three months ended December 31, 2021, we have reclassified all preferred stock issuance costs related to preferred stock issued as temporary equity following our reclassification of preferred stock during the three months ended September 30, 2021. Refer to Note 9 within the accompanying notes to the consolidated financial statements for further discussion.

(7)The amounts reflected for the respective fiscal periods were updated based on tax information received subsequent to our Form 10-K filing for the year ended June 30, 2020 and our Form 10-Q filing for September 30, 2020. Certain reclassifications have been made in the presentation of prior period amounts. See Note 2 and Note 12 within the accompanying notes to the consolidated financial statements for further discussion.

(8)The amounts reflected for the respective fiscal periods do not reflect the effect of dividend payments to preferred shareholders.

(9)The amounts reflected for the respective fiscal periods were updated based on tax information received subsequent to our Form 10-K filing for the year ended June 30, 2021 and our Form 10-Q filing for December 31, 2021. Certain reclassifications have been made in the presentation of prior period amounts. See Note 2 and Note 12 within the accompanying notes to the consolidated financial statements for further discussion.