As of March 31, 2022, our asset coverage ratio on our senior securities representing indebtedness was 252.9%.

During the fiscal year ended March 31, 2022, the following significant transactions occurred:

•In May 2021, we dissolved our investment in Channel Technologies Group, LLC ("CTG") and recorded a realized loss of $1.8 million.

•In June 2021, we invested an additional $6.5 million in J.R. Hobbs Co. - Atlanta, LLC ("J.R. Hobbs") in the form of secured second lien debt. In connection with the investment, our secured second lien debt was converted to secured first lien debt.

•In July 2021, we invested an additional $5.9 million in the form of secured first lien debt in Nocturne to fund an add-on acquisition.

•In October 2021, we invested an additional $10.5 million in Bassett Creek Services, Inc., in the form of secured first lien debt to fund an add-on acquisition.

•In December 2021, we invested an additional $19.0 million in the form of secured first lien debt in Nocturne to fund an add-on acquisition.

•In December 2021, we invested an additional $6.4 million in the form of secured first lien debt in Schylling, Inc. to fund an add-on acquisition.

•In March 2022, we invested an additional $2.4 million in the form of secured first lien debt in J.R. Hobbs.

In April 2022, our Board of Directors declared the following monthly and supplemental cash distributions to common stockholders:

(A)Represents a supplemental distribution to common stockholders.

As of March 31, 2022 and 2021, no single investment represented greater than 10% of our total investment portfolio at fair value.

Average total assets subject to base management fee(A) $ 705,650 $ 605,750 Multiplied by annual base management fee of 2.0%

Realized and Unrealized Gain (Loss), net of Taxes

(A)In January 2022, SBS Industries Holdings, Inc. was renamed SFEG Holdings, Inc.

Net Realized Gain (Loss) on Investments

Net Unrealized Appreciation (Depreciation) of Investments

Net Realized Gain (Loss) on Other

$663.6 million. The following table summarizes our total portfolio investment activity for the years ended March 31, 2022 and 2021:

For the fiscal years ending March 31:

Distributions and Dividends to Stockholders

The following table shows our contractual obligations as of March 31, 2022, at cost/liquidation preference:

Credit Monitoring and Risk Rating

The following table reflects risk ratings for all loans in our portfolio as of March 31, 2022 and 2021:

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