SUMMARY OF PER SHARE INFORMATION (Tables)

9 Months Ended

Dec. 31, 2023

The following presents a summary of per share data for the nine months ended December 31, 2023 and 2022 (share amounts presented in thousands).


	Nine Months Ended
	December 31,
Per Share Data:		2023			2022
Investment income1		$	3.33		$	2.90
Operating expenses1		(1.28)			(1.26)
Income taxes1		(0.01)			0.00
Net investment income1		2.04			1.64
Net realized (loss) gain, net of tax1		(0.51)			(0.62)
Net unrealized appreciation (depreciation) on investments, net of tax1		0.25			(0.49)
Realized loss on extinguishment of debt1		(0.01)			—
Total increase from investment operations		1.77			0.53
Accretive effect of share issuances and repurchases		0.56			0.43
Dividends to shareholders		(1.84)			(1.70)
Issuance of restricted stock2		(0.13)			(0.14)
Common stock withheld for payroll taxes upon vesting of restricted stock		(0.05)			(0.01)
Share based compensation expense		0.08			0.10
Other3		0.01			0.18
Increase (decrease) in net asset value		0.40			(0.61)
Net asset value
Beginning of period		16.37			16.86
End of period		$	16.77		$	16.25

Ratios and Supplemental Data
Ratio of operating expenses to average net assets4		10.19		%	10.08		%
Ratio of net investment income to average net assets4		16.25		%	13.03		%
Portfolio turnover		12.23		%	11.04		%
Total investment return5		44.44		%	(20.95)		%
Total return based on change in NAV6		13.68		%	6.47		%

Per share market value at the end of the period		$	23.70		$	17.10
Weighted-average basic and diluted shares outstanding		39,611			28,304
Common shares outstanding at end of period		42,981			34,559

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.

4The ratios reflect an annualized amount.

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. As such, the total investment return is not annualized. 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.