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Change in Year End (Tables)
9 Months Ended
Dec. 31, 2022
Income Statement [Abstract]  
Schedule of Financial Data

The following is selected financial data for the nine month transition period ending December 31, 2022 and the comparable prior year period.

 

 

Nine Months Ended
December 31,

 

 

Nine Months Ended December 31

 

 

 

2022

 

 

2021 (Unaudited)

 

Investment Income

 

 

 

 

 

 

 

 

Interest income (excluding Payment-in-kind (“PIK”) interest income)

 

$

 

169,457

 

 

$

 

147,631

 

PIK Interest Income

 

 

 

2,662

 

 

 

 

3,451

 

Dividend income

 

 

 

779

 

 

 

 

3,576

 

Other income

 

 

 

2,711

 

 

 

 

3,756

 

Total Investment Income

 

$

 

175,609

 

 

$

 

158,414

 

Operating Expenses

 

 

 

 

 

 

 

 

Management fees

 

$

 

26,621

 

 

$

 

27,203

 

Performance-based incentive fees

 

 

 

5,691

 

 

 

 

10,638

 

Interest and other debt expenses

 

 

 

59,363

 

 

 

 

40,740

 

Administrative services expense

 

 

 

4,188

 

 

 

 

4,426

 

Other general and administrative expenses

 

 

 

6,551

 

 

 

 

6,742

 

Total expenses

 

 

 

102,414

 

 

 

 

89,749

 

Management and performance-based incentive fees waived

 

 

 

 

 

 

 

 

Performance-based incentive fee offset

 

 

 

(178

)

 

 

 

(178

)

Expense reimbursements

 

 

 

(770

)

 

 

 

(229

)

Net Expenses

 

$

 

101,466

 

 

$

 

89,342

 

Net Investment Income

 

$

 

74,143

 

 

$

 

69,072

 

Net Realized and Change in Unrealized Gains (Losses)

 

 

 

 

 

 

 

 

Net realized gains (losses)

 

 

 

(69,239

)

 

 

 

(65,346

)

Net change in unrealized gains (losses)

 

 

 

18,036

 

 

 

 

74,399

 

Net Realized and Change in Unrealized Gains (Losses)

 

$

 

(51,203

)

 

$

 

9,053

 

Net Increase (Decrease) in Net Assets Resulting from Operations

 

$

 

22,940

 

 

$

 

78,125

 

Earnings (Loss) Per Share — Basic

 

 

 

0.36

 

 

 

 

1.21