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

DISTRIBUTIONS TO COMMON STOCKHOLDERS (Tables)

v3.25.1
DISTRIBUTIONS TO COMMON STOCKHOLDERS (Tables)
12 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Cash Distributions to Common Stockholders
We paid the following cash distributions to our common stockholders for the years ended March 31, 2025, 2024 and 2023.
For the Year Ended March 31, 2025:
Declaration Date
Record Date Payment Date Distribution
per Common Share
April 9, 2024 April 19, 2024 April 30, 2024 $ 0.08 
April 9, 2024 May 17, 2024 May 31, 2024 0.08 
April 9, 2024 June 19, 2024 June 28, 2024 0.08 
July 9, 2024 July 22, 2024 July 31, 2024 0.08 
July 9, 2024 August 21, 2024 August 30, 2024 0.08 
July 9, 2024 September 20, 2024 September 30, 2024 0.08 
September 17, 2024 October 4, 2024 October 15, 2024 0.70 
(A)
October 8, 2024 October 22, 2024 October 31, 2024 0.08 
October 8, 2024 November 20, 2024 November 29, 2024 0.08 
October 8, 2024 December 20, 2024 December 31, 2024 0.08 
January 14, 2025 January 24, 2025 January 31, 2025 0.08 
January 14, 2025 February 19, 2025 February 28, 2025 0.08 
January 14, 2025 March 19, 2025 March 31, 2025 0.08 
Year ended March 31, 2025
$ 1.66 
For the Year Ended March 31, 2024:
Declaration Date
Record Date Payment Date Distribution
per Common Share
April 11, 2023 April 21, 2023 April 28, 2023 $ 0.08 
April 11, 2023 May 23, 2023 May 31, 2023 0.08 
April 11, 2023 June 5, 2023 June 15, 2023 0.12 
(A)
April 11, 2023 June 21, 2023 June 30, 2023 0.08 
July 11, 2023 July 21, 2023 July 31, 2023 0.08 
July 11, 2023 August 23, 2023 August 31, 2023 0.08 
July 11, 2023 September 7, 2023 September 15, 2023 0.12 
(A)
July 11, 2023 September 21, 2023 September 29, 2023 0.08 
October 10, 2023 October 20, 2023 October 31, 2023 0.08 
October 10, 2023 November 7, 2023 November 17, 2023 0.12 
(A)
October 10, 2023 November 20, 2023 November 30, 2023 0.08 
October 24, 2023 December 5, 2023 December 15, 2023 0.88 
(A)
October 10, 2023 December 18, 2023 December 29, 2023 0.08 
January 9, 2024 January 23, 2024 January 31, 2024 0.08 
January 9, 2024 February 21, 2024 February 29, 2024 0.08 
January 9, 2024 March 21, 2024 March 29, 2024 0.08 
Year ended March 31, 2024:
$ 2.20 
For the Year Ended March 31, 2023:
Declaration Date
Record Date Payment Date Distribution
per Common Share
April 12, 2022 April 22, 2022 April 29, 2022 $ 0.075 
April 12, 2022 May 20, 2022 May 31, 2022 0.075 
April 12, 2022 June 6, 2022 June 15, 2022 0.120 
(A)
April 12, 2022 June 22, 2022 June 30, 2022 0.075 
July 12, 2022 July 22, 2022 July 29, 2022 0.075 
July 12, 2022 August 23, 2022 August 31, 2022 0.075 
July 12, 2022 September 22, 2022 September 30, 2022 0.075 
October 11, 2022 October 21, 2022 October 31, 2022 0.080 
October 11, 2022 November 18, 2022 November 30, 2022 0.080 
October 11, 2022 December 6, 2022 December 15, 2022 0.120 
(A)
October 11, 2022 December 20, 2022 December 30, 2022 0.080 
January 10, 2023 January 20, 2023 January 31, 2023 0.080 
January 10, 2023 February 17, 2023 February 28, 2023 0.080 
January 10, 2023 March 3, 2023 March 15, 2023 0.240 
(A)
January 10, 2023 March 17, 2023 March 31, 2023 0.080 
Year ended March 31, 2023:
$ 1.410 
(A)Represents a supplemental distribution to common stockholders.
Schedule of Stockholders Equity
The components of our net assets on a tax basis were as follows:

Year Ended March 31,

2025 2024
Common stock
$ 37  $ 37 
Capital in excess of par value
445,512  444,706 
Cumulative unrealized appreciation of investments
38,460  64,737 
Cumulative unrealized depreciation of other
  — 
Undistributed ordinary income 36,673  18,708 
Undistributed capital gain
18,663  1,373 
Other temporary differences
(40,261) (36,850)
Net Assets
$ 499,084  $ 492,711 
Schedule of Investment Company, Changes in Net Assets
For the years ended March 31, 2025 and 2024, we recorded the following adjustments for estimated permanent book-tax differences to reflect tax character. Results of operations, total net assets, and cash flows were not affected by these adjustments.

Tax Year Ended March 31,

2025 2024
Underdistributed (overdistributed) net investment income
$ 9,623  $ 1,695 
Accumulated net realized gain in excess of distributions
$ (8,424) $ (881)
Capital in excess of par value
$ (1,199) $ (814)