SUMMARY OF PER SHARE INFORMATION

9 Months Ended

Dec. 31, 2022

The following presents a summary of per share data for the three and nine months ended December 31, 2022 and 2021 (share amounts presented in thousands).


	Three Months Ended						Nine Months Ended
	December 31,						December 31,
Per Share Data:	2022			2021			2022			2021
Investment income1	$	1.04		$	0.95		$	2.90		$	2.73
Operating expenses1	(0.44)			(0.44)			(1.26)			(1.33)
Income taxes1	0.02			—			—			(0.03)
Net investment income1	0.62			0.51			1.64			1.37
Net realized (loss) gain, net of tax1	(0.36)			0.12			(0.62)			0.23
Net unrealized appreciation (depreciation) on investments, net of tax1	(0.17)			(0.09)			(0.49)			0.19
Realized loss on extinguishment of debt1	—			—			—			(0.76)
Total increase (decrease) from investment operations	0.09			0.54			0.53			1.03
Accretive effect of share issuances and repurchases	0.17			0.24			0.43			1.17
Dividends to shareholders	(0.57)			(0.97)			(1.70)			(2.04)
Issuance of restricted stock1,2	—			—			(0.14)			(0.10)
Common stock withheld for payroll taxes upon vesting of restricted stock	—			(0.01)			(0.01)			(0.03)
Share based compensation expense	0.03			0.04			0.10			0.12
Other3	—			(0.01)			0.18			0.03
(Decrease) increase in net asset value	(0.28)			(0.17)			(0.61)			0.18
Net asset value
Beginning of period	16.53			16.36			16.86			16.01
End of period	$	16.25		$	16.19		$	16.25		$	16.19

Ratios and Supplemental Data
Ratio of operating expenses to average net assets4	2.69		%	2.71		%	7.56		%	8.09		%
Ratio of net investment income to average net assets4	3.71		%	3.08		%	9.78		%	8.31		%
Portfolio turnover	2.19		%	19.44		%	11.04		%	30.11		%
Total investment return4,5	4.31		%	4.25		%	(20.95)		%	23.51		%
Total return based on change in NAV4,6	1.75		%	4.89		%	6.47		%	13.87		%

Per share market value at the end of the period	$	17.10		$	25.28		$	17.10		$	25.28
Weighted-average basic and diluted shares outstanding	31,381			23,433			28,304			22,394
Common shares outstanding at end of period	34,559			23,926			34,559			23,926

1Based on weighted average of common shares outstanding for the period.

2Reflects impact of the different share amounts as a result of issuance or forfeiture of restricted stock during the period.

3Includes the impact of the different share amounts as a result of calculating certain per share data based on the weighted-average basic shares outstanding during the period and certain per share data based on the shares outstanding as of a period end. The balance increases with the increase in variability of shares outstanding throughout the year due to share issuance and repurchase activity.

4Not annualized.

5Total investment return based on purchase of stock at the current market price on the first day and a sale at the current market price on the last day of each period reported on the table and assumes reinvestment of dividends at prices obtained by CSWC’s dividend reinvestment plan during the period. The return does not reflect any sales load that may be paid by an investor.

6Total return based on change in NAV was calculated using the sum of ending NAV plus dividends to shareholders and other non-operating changes during the period, as divided by the beginning NAV, and has not been annualized.