Annual report pursuant to Section 13 and 15(d)

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, 2024
Mar. 31, 2023
Mar. 31, 2022
Investment Company, Net Assets [Roll Forward]      
NET ASSETS, BEGINNING OF YEAR $ 439,742 [1] $ 445,830 [1] $ 382,364
OPERATIONS      
Net investment income 21,777 37,000 14,990
Net realized gain on investments 30,256 10,753 14,442
Net realized loss on other 0 0 (1,998)
Net unrealized appreciation (depreciation) of investments 33,301 (12,235) 74,882
Net unrealized (appreciation) depreciation of other (29) 29 0
Net increase in net assets from operations 85,305 35,547 102,316
DISTRIBUTIONS      
Distributions to common stockholders from net investment income ($1.08, $0.92, and $0.91 per share, respectively) [1] (37,509) (30,833) (30,244)
Distributions to common stockholders from cumulative realized gains ($1.12, $0.49, and $0.26 per share, respectively) [1] (38,552) (16,217) (8,606)
Net decrease in net assets from distributions [1] (76,061) (47,050) (38,850)
CAPITAL ACTIVITY      
Issuance of common stock 44,508 5,492 0
Discounts, commissions, and offering costs for issuance of common stock (783) (77) 0
Net increase in net assets from capital activity 43,725 5,415 0
TOTAL INCREASE (DECREASE) IN NET ASSETS 52,969 (6,088) 63,466
NET ASSETS, END OF YEAR [1] $ 492,711 $ 439,742 $ 445,830
[1] Refer to Note 9 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.