Below are the financial highlights ($ in thousands, except share and per share data):


	Six Months Ended March 31,
	2023			2022
Per Share Data:
Net asset value, beginning of period	$	8.98		$	9.85
Net investment income (1)		0.41			0.36
Net change in realized and unrealized (loss) gain (1)		(1.44	)		0.07
Net increase (decrease) in net assets resulting from operations (1)		(1.03	)		0.43
Distributions to stockholders (1), (2)		(0.35	)		(0.26	)
Repurchase of common stock (1)		—			0.03
Net asset value, end of period	$	7.60		$	10.05
Per share market value, end of period	$	5.28		$	7.78
Total return* (3)		2.96	%		24.09	%
Shares outstanding at end of period		65,224,500			66,131,651
Ratios** / Supplemental Data:
Ratio of operating expenses to average net assets (4)		7.11	%		4.55	%
Ratio of debt related expenses to average net assets (5)		7.55	%		4.03	%
Ratio of total expenses to average net assets (5)		14.66	%		8.58	%
Ratio of net investment income to average net assets (5)		10.09	%		7.30	%
Net assets at end of period	$	495,715		$	664,325
Weighted average debt outstanding(6)	$	700,434		$	558,399
Weighted average debt per share (1)(6)	$	10.74		$	8.37
Asset coverage per unit (7)	$	1,697		$	2,271
Portfolio turnover rate*		12.11	%		35.66	%

* Not annualized for periods less than one year.

** Annualized for periods less than one year.

(1)

Based on the weighted average shares outstanding for the respective periods.

(2)

The tax status of distributions is calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP, and reported on Form 1099-DIV each calendar year.

(3)

Based on the change in market price per share during the periods and assumes distributions, if any, are reinvested.

(4)

Excludes debt-related costs.

(5)

Includes interest and expenses on debt (annualized) as well as Credit Facility amendment, debt issuance costs and excludes debt extinguishment cost, if any, (not annualized).

(6)

Includes SBA debentures outstanding.

(7)

The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by the senior securities representing indebtedness at par (changed from fair value). This asset coverage ratio is multiplied by $1,000 to determine the asset coverage per unit. These amounts exclude SBA debentures from our asset coverage per unit computation pursuant to exemptive relief received from the SEC in June 2011.