Common Stock Issuances

12 Months Ended

Sep. 30, 2022

Equity [Abstract]

Common Stock Issuances

Note 12. Common Stock Issuances

On May 15, 2020, the Company completed a transferable rights offering, issuing 33,451,902 shares at a subscription price of $9.17 per share. Net proceeds after deducting dealer manager fees and other offering expenses were approximately $300,427. A total of 3,191,448 shares were purchased in the rights offering by affiliates of the Investment Adviser.

See Note 13 for shares of common stock issued in accordance with the Company's DRIP.