Financial Highlights (Tables)

9 Months Ended

Mar. 31, 2024

The following is a schedule of financial highlights for the three and nine months ended March 31, 2024 and March 31, 2023:


	Three Months Ended March 31,								Nine Months Ended March 31,
	2024				2023				2024				2023
Per Share Data
Net asset value per common share at beginning of period	$	8.92			$	9.94			$	9.24			$	10.48
Net investment income(1)	0.23				0.26				0.77				0.78
Net realized and change in unrealized gains (losses) (1)	0.11				(0.48)				(0.22)				(1.05)
Net increase (decrease) from operations	0.34				(0.22)				0.56			(7)	(0.27)
Distributions of net investment income to preferred stockholders	(0.06)			(5)	(0.05)			(4)	(0.18)			(5)	(0.12)			(4)
Distributions of capital gains to preferred stockholders	—			(5)	—			(4)	—			(5)	—			(4)
Total distributions to preferred stockholders	(0.06)				(0.05)				(0.18)				(0.12)
Net increase (decrease) from operations applicable to common stockholders	0.27			(7)	(0.27)				0.38				(0.40)			(7)
Distributions of net investment income to common stockholders	(0.18)			(5)	(0.18)			(4)	(0.54)			(5)	(0.52)			(4)
Distributions of capital gains to common stockholders	—			(5)	—			(4)				(5)	(0.02)			(4)

Total distributions to common stockholders	(0.18)				(0.18)				(0.54)				(0.54)
Common stock transactions(2)	(0.03)				(0.01)				(0.09)				(0.07)


Net asset value per common share at end of period	$	8.99			$	9.48			$	8.99			$	9.48

Per common share market value at end of period	$	5.52			$	6.96			$	5.52			$	6.96
Total return based on market value(3)	(4.77		%)		2.16		%		(2.10		%)		7.53		%
Total return based on net asset value(3)	4.15		%		(2.14		%)		6.98		%		(2.31		%)
Shares of common stock outstanding at end of period	416,150,886				400,833,873				416,150,886				400,833,873
Weighted average shares of common stock outstanding	414,461,972				399,732,263				410,571,037				397,233,468

Ratios/Supplemental Data
Net assets at end of period	$	3,742,219			$	3,799,294			$	3,742,219			$	3,799,294
Portfolio turnover rate	1.48		%		1.19		%		4.39		%		4.47		%
Annualized ratio of operating expenses to average net assets applicable to common shares(6)	11.62		%		11.63		%		11.87		%		10.85		%
Annualized ratio of net investment income to average net assets applicable to common shares(6)	10.17		%		10.53		%		11.31		%		10.37		%

(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). Realized gains (losses) is inclusive of net realized losses (gains) on investments, realized losses (gains) from extinguishment of debt and realized gains (losses) from the repurchases and redemptions of preferred stock.

(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 and 6.50% 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)Tax character of distributions is not yet finalized for the respective fiscal period and will not be finalized until we file our tax return for our tax year ending August 31, 2023. Refer to Note 12.

(5)Tax character of distributions is not yet finalized for the respective fiscal period and will not be finalized until we file our tax return for our tax year ending August 31, 2024. Refer to Note 12.

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

(7)Does not foot due to rounding.