Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Investment Company, Net Assets [Roll Forward]      
NET ASSETS, BEGINNING OF YEAR $ 492,711 [1] $ 439,742 [1] $ 445,830
OPERATIONS      
Net investment income 28,095 21,777 37,000
Net realized gain on investments 63,184 30,256 10,753
Net unrealized (depreciation) appreciation of investments (25,960) 33,301 (12,235)
Net unrealized (appreciation) depreciation of other 0 (29) 29
Net increase in net assets from operations 65,319 85,305 35,547
DISTRIBUTIONS      
Distributions to common stockholders from net investment income ($0.64, $1.08, and $0.92 per share, respectively) [1] (23,480) (37,509) (30,833)
Distributions to common stockholders from cumulative realized gains ($1.02, $1.12, and $0.49 per share, respectively) [1] (37,471) (38,552) (16,217)
Net decrease in net assets from distributions [1] (60,951) (76,061) (47,050)
CAPITAL ACTIVITY      
Issuance of common stock 2,029 44,508 5,492
Discounts, commissions, and offering costs for issuance of common stock (24) (783) (77)
Net increase in net assets from capital activity 2,005 43,725 5,415
TOTAL INCREASE (DECREASE) IN NET ASSETS 6,373 52,969 (6,088)
NET ASSETS, END OF YEAR [1] $ 499,084 $ 492,711 $ 439,742
[1] Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.