| Financial Highlights |
Financial Highlights | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Share amounts in thousands) | | Three months ended
March 31, 2024 | | Three months ended
March 31, 2023 | | Six months ended
March 31, 2024 | | Six months ended
March 31, 2023 | | Net asset value per share at beginning of period | | $19.14 | | $19.63 | | $19.63 | | $20.38 | | Net investment income (1) | | 0.52 | | 0.63 | | 1.09 | | 1.26 | | Net unrealized appreciation (depreciation) (1) | | (0.31) | | 0.03 | | (0.64) | | (0.34) | | Net realized gains (losses) (1) | | (0.08) | | (0.08) | | (0.19) | | (0.14) | | (Provision) benefit for taxes on realized and unrealized gains (losses) (1) | | — | | — | | — | | 0.01 | | Distributions of net investment income to stockholders | | (0.55) | | (0.55) | | (1.17) | | (1.51) | | Net asset value per share at end of period | | $18.72 | | $19.66 | | $18.72 | | $19.66 | | Per share market value at beginning of period | | $20.42 | | $20.61 | | $20.12 | | $18.00 | | Per share market value at end of period | | $19.66 | | $18.77 | | $19.66 | | $18.77 | | Total return (2) | | (0.96)% | | (6.28)% | | 3.70% | | 9.19% | | Common shares outstanding at beginning of period | | 78,965 | | 61,220 | | 77,225 | | 61,125 | | Common shares outstanding at end of period | | 81,396 | | 77,080 | | 81,396 | | 77,080 | | Net assets at beginning of period | | $1,511,651 | | $1,201,989 | | $1,515,764 | | $1,245,563 | | Net assets at end of period | | $1,524,099 | | $1,515,150 | | $1,524,099 | | $1,515,150 | | Average net assets (3) | | $1,523,792 | | $1,457,362 | | $1,524,019 | | $1,348,400 | | Ratio of net investment income to average net assets (7) | | 10.92% | | 12.79% | | 11.23% | | 12.61% | | Ratio of total expenses to average net assets (7) | | 14.30% | | 14.50% | | 14.36% | | 13.85% | | Ratio of net expenses to average net assets (7) | | 13.90% | | 14.00% | | 13.97% | | 13.48% | | Ratio of portfolio turnover to average investments at fair value | | 10.63% | | 5.02% | | 18.09% | | 9.23% | | Weighted average outstanding debt (4) | | $1,670,440 | | $1,725,222 | | $1,665,410 | | $1,581,714 | | Average debt per share (1) | | $20.94 | | $23.57 | | $21.14 | | $23.57 | | Asset coverage ratio at end of period (5) | | 188.04% | | 183.39% | | 188.04% | | 183.39% |
__________ | | | | | | | (1) | Calculated based upon weighted average shares outstanding for the period. | | (2) | Total return equals the increase or decrease of ending market value over beginning market value, plus distributions, divided by the beginning market value, assuming dividend reinvestment prices obtained under the Company's DRIP. Total return does not include sales load. | | (3) | Calculated based upon the weighted average net assets for the period. | | (4) | Calculated based upon the weighted average of principal debt outstanding for the period. | | (5) | Based on outstanding senior securities of $1,680.7 million and $1,767.6 million as of March 31, 2024 and 2023, respectively. | | (6) | The share and per share information disclosed in this table has been retroactively adjusted as necessary to reflect the Company's 1-for-3 reverse stock split completed on January 20, 2023 and effective as of the commencement of trading on January 23, 2023. | | (7) | Interim periods are annualized. |
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