Change in Year End

12 Months Ended

Dec. 31, 2023

Note 3. Change in Year End

On November 3, 2022, the Company's Board changed the Company’s fiscal year end from March 31 to December 31, effective December 31, 2022. The Company filed a Transition Report on Form 10-KT which reflected our financial results for the transition period from April 1, 2022 to December 31, 2022. Financial statements for the twelve months ended March 31, 2022 continue to be presented on the basis of our previous fiscal year end.

The following is selected financial data for the nine month period ending December 31, 2023 and the comparable transition period ending December 31, 2022.


	Nine Months Ended December 31,			Nine Months Ended December 31
	2023			2022
Investment Income
Interest income (excluding Payment-in-kind (“PIK”) interest income)	$	203,332		$	169,457
PIK Interest Income		2,222			2,662
Dividend income		1,397			779
Other income		1,793			2,711
Total Investment Income	$	208,744		$	175,609
Operating Expenses
Management fees	$	13,105		$	26,621
Performance-based incentive fees		18,369			5,691
Interest and other debt expenses		79,432			59,363
Administrative services expense		4,418			4,188
Other general and administrative expenses		7,875			6,551
Total expenses		123,199			102,414
Management and performance-based incentive fees waived		—			—
Performance-based incentive fee offset		—			(178	)
Expense reimbursements		(971	)		(770	)
Net Expenses	$	122,228		$	101,466
Net Investment Income	$	86,516		$	74,143
Net Realized and Change in Unrealized Gains (Losses)
Net realized gains (losses)		1,034			(69,239	)
Net change in unrealized gains (losses)		1,078			18,036
Net Realized and Change in Unrealized Gains (Losses)	$	2,112		$	(51,203	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	88,628		$	22,940
Earnings (Loss) Per Share — Basic		1.36			0.36