Net Assets (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Assets [Abstract] |
|
| Schedule of Shares Issued and Proceeds Related to Offering |
The following table summarizes the total Shares issued and proceeds related to the Offering:
|
|
|
|
|
|
|
|
|
Share Issue Date |
|
Shares Issued |
|
|
Proceeds Received |
|
For the Year Ended December 31, 2025 |
|
|
|
|
|
|
January 1, 2025 |
|
|
23,191,555 |
|
|
$ |
584,891 |
|
February 1, 2025 |
|
|
15,021,187 |
|
|
|
378,834 |
|
March 1, 2025 |
|
|
12,743,027 |
|
|
|
320,487 |
|
April 1, 2025 |
|
|
19,173,626 |
|
|
|
481,450 |
|
May 1, 2025 |
|
|
9,608,339 |
|
|
|
240,497 |
|
June 1, 2025 |
|
|
9,247,618 |
|
|
|
231,745 |
|
July 1, 2025 |
|
|
13,351,495 |
|
|
|
334,722 |
|
August 1, 2025 |
|
|
14,182,771 |
|
|
|
355,562 |
|
September 1, 2025 |
|
|
11,917,033 |
|
|
|
298,403 |
|
October 1, 2025 |
|
|
11,313,991 |
|
|
|
283,302 |
|
November 1, 2025 |
|
|
10,443,213 |
|
|
|
261,080 |
|
December 1, 2025 |
|
|
15,175,920 |
|
|
|
379,095 |
|
Total |
|
|
165,369,775 |
|
|
|
4,150,068 |
|
For the Year Ended December 31, 2024 |
|
|
|
|
|
|
January 1, 2024 |
|
|
13,232,488 |
|
|
$ |
333,459 |
|
February 1, 2024 |
|
|
6,122,455 |
|
|
|
154,286 |
|
March 1, 2024 |
|
|
7,852,924 |
|
|
|
197,815 |
|
April 1, 2024 |
|
|
9,027,996 |
|
|
|
228,589 |
|
May 1, 2024 |
|
|
9,154,226 |
|
|
|
231,693 |
|
June 1, 2024 |
|
|
10,422,835 |
|
|
|
263,698 |
|
July 1, 2024 |
|
|
9,092,364 |
|
|
|
230,128 |
|
August 1, 2024 |
|
|
11,342,035 |
|
|
|
287,067 |
|
September 1, 2024 |
|
|
13,089,896 |
|
|
|
331,043 |
|
October 1, 2024 |
|
|
12,653,161 |
|
|
|
319,998 |
|
November 1, 2024 |
|
|
12,381,902 |
|
|
|
312,643 |
|
December 1, 2024 |
|
|
14,755,235 |
|
|
|
372,570 |
|
Total |
|
|
129,127,517 |
|
|
$ |
3,262,989 |
|
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
April 6, 2023 |
|
|
10,081,173 |
|
|
$ |
252,029 |
|
May 1, 2023 |
|
|
3,019,897 |
|
|
|
75,891 |
|
June 1, 2023 |
|
|
5,708,842 |
|
|
|
143,577 |
|
July 1, 2023 |
|
|
7,434,246 |
|
|
|
187,492 |
|
August 1, 2023 |
|
|
9,176,536 |
|
|
|
231,524 |
|
September 1, 2023 |
|
|
7,062,817 |
|
|
|
177,983 |
|
October 1, 2023 |
|
|
5,449,648 |
|
|
|
137,495 |
|
November 1, 2023 |
|
|
6,652,004 |
|
|
|
167,298 |
|
December 1, 2023 |
|
|
7,592,831 |
|
|
|
191,111 |
|
Total |
|
|
62,177,994 |
|
|
$ |
1,564,400 |
|
|
| Schedule of Distributions Declared on Shares and Shares Distributed Pursuant to the DRIP to Stockholders |
The following table summarizes the distributions declared on the Shares and Shares distributed pursuant to the DRIP to stockholders who had not opted out of the DRIP:
|
|
|
|
|
|
|
|
|
|
|
|
|
Date Declared |
|
Record Date |
|
Payment Date |
|
Amount Per Share |
|
|
Shares |
|
For the Year Ended December 31, 2025 |
|
November 7, 2024 |
|
January 31, 2025 |
|
February 28, 2025 |
|
$ |
0.20 |
|
|
|
633,167 |
|
February 26, 2025 |
|
February 28, 2025 |
|
April 7, 2025 |
|
$ |
0.19 |
|
(1) |
|
653,785 |
|
February 26, 2025 |
|
March 31, 2025 |
|
April 28, 2025 |
|
$ |
0.19 |
|
|
|
689,129 |
|
February 26, 2025 |
|
April 30, 2025 |
|
May 28, 2025 |
|
$ |
0.19 |
|
|
|
712,313 |
|
May 7, 2025 |
|
May 30, 2025 |
|
July 3, 2025 |
|
$ |
0.19 |
|
|
|
742,338 |
|
May 7, 2025 |
|
June 30, 2025 |
|
July 29, 2025 |
|
$ |
0.19 |
|
|
|
759,594 |
|
May 7, 2025 |
|
July 31, 2025 |
|
August 27, 2025 |
|
$ |
0.19 |
|
|
|
788,330 |
|
August 6, 2025 |
|
August 29, 2025 |
|
October 6, 2025 |
|
$ |
0.19 |
|
|
|
825,802 |
|
August 6, 2025 |
|
September 30, 2025 |
|
October 29, 2025 |
|
$ |
0.19 |
|
|
|
852,469 |
|
August 6, 2025 |
|
October 31, 2025 |
|
December 5, 2025 |
|
$ |
0.19 |
|
|
|
886,578 |
|
November 5, 2025 |
|
November 28, 2025 |
|
January 15, 2026 |
|
$ |
0.19 |
|
|
|
881,153 |
|
November 5, 2025 |
|
December 31, 2025 |
|
January 29, 2026 |
|
$ |
0.19 |
|
|
|
930,521 |
|
For the Year Ended December 31, 2024 |
|
|
|
|
|
|
|
|
November 1, 2023 |
|
January 31, 2024 |
|
February 29, 2024 |
|
$ |
0.21 |
|
|
|
284,014 |
|
February 27, 2024 |
|
February 29, 2024 |
|
March 28, 2024 |
|
$ |
0.21 |
|
|
|
303,114 |
|
February 27, 2024 |
|
March 28, 2024 |
|
April 26, 2024 |
|
$ |
0.21 |
|
|
|
328,736 |
|
February 27, 2024 |
|
April 30, 2024 |
|
May 28, 2024 |
|
$ |
0.21 |
|
|
|
358,447 |
|
May 1, 2024 |
|
May 31, 2024 |
|
June 26, 2024 |
|
$ |
0.21 |
|
|
|
396,199 |
|
May 1, 2024 |
|
June 28, 2024 |
|
July 26, 2024 |
|
$ |
0.21 |
|
|
|
421,156 |
|
May 1, 2024 |
|
July 31, 2024 |
|
August 27, 2024 |
|
$ |
0.21 |
|
|
|
440,968 |
|
August 8, 2024 |
|
August 30, 2024 |
|
October 4, 2024 |
|
$ |
0.21 |
|
|
|
481,425 |
|
August 8, 2024 |
|
September 30, 2024 |
|
October 28, 2024 |
|
$ |
0.21 |
|
|
|
481,001 |
|
August 8, 2024 |
|
October 31, 2024 |
|
November 29, 2024 |
|
$ |
0.21 |
|
(2) |
|
502,832 |
|
November 7, 2024 |
|
November 29, 2024 |
|
January 6, 2025 |
|
$ |
0.21 |
|
|
|
573,398 |
|
November 7, 2024 |
|
December 31, 2024 |
|
January 28, 2025 |
|
$ |
0.21 |
|
|
|
644,775 |
|
For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
April 26, 2023 |
|
April 28, 2023 |
|
May 30, 2023 |
|
$ |
0.17 |
|
|
|
26,481 |
|
May 3, 2023 |
|
May 31, 2023 |
|
June 28, 2023 |
|
$ |
0.21 |
|
|
|
40,267 |
|
May 3, 2023 |
|
June 30, 2023 |
|
July 28, 2023 |
|
$ |
0.21 |
|
|
|
62,222 |
|
May 3, 2023 |
|
July 31, 2023 |
|
August 29, 2023 |
|
$ |
0.21 |
|
|
|
93,814 |
|
August 2, 2023 |
|
August 31, 2023 |
|
September 28, 2023 |
|
$ |
0.21 |
|
|
|
141,357 |
|
August 2, 2023 |
|
September 29, 2023 |
|
October 30, 2023 |
|
$ |
0.21 |
|
|
|
174,596 |
|
August 2, 2023 |
|
October 31, 2023 |
|
November 29, 2023 |
|
$ |
0.21 |
|
|
|
194,766 |
|
November 1, 2023 |
|
November 30, 2023 |
|
December 28, 2023 |
|
$ |
0.21 |
|
|
|
228,739 |
|
November 1, 2023 |
|
December 29, 2023 |
|
January 30, 2024 |
|
$ |
0.21 |
|
|
|
248,712 |
|
(1)Less than $0.01 is considered capital gain distribution. (2)$0.03 is considered a capital gain distribution
|
| Schedule of Summarizes the Share Repurchases Program |
The following table summarizes the share repurchases:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Offer Date |
|
Tender Offer Expiration Date |
|
Percentage of Outstanding Units the Company Offered to Repurchase(1)(2) |
|
|
Purchase Price Per Share |
|
|
Amount Repurchased (3) |
|
|
Number of Shares Repurchased |
|
For the Year Ended December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
February 24, 2025 |
|
March 21, 2025 |
|
|
5.0 |
% |
|
$ |
25.11 |
|
|
$ |
66,945 |
|
|
|
2,667,462 |
|
May 22, 2025 |
|
June 20, 2025 |
|
|
5.0 |
% |
|
$ |
25.07 |
|
|
|
140,224 |
|
|
|
5,594,727 |
|
August 25, 2025 |
|
September 22, 2025 |
|
|
5.0 |
% |
|
$ |
25.04 |
|
|
|
92,567 |
|
|
|
3,697,003 |
|
December 2, 2025 |
|
December 30, 2025 |
|
|
5.0 |
% |
|
$ |
24.99 |
|
|
|
281,204 |
|
|
|
11,258,071 |
|
Total |
|
|
|
|
|
|
|
|
|
$ |
580,940 |
|
|
|
23,217,263 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
February 16, 2024 |
|
March 15, 2024 |
|
|
5.0 |
% |
|
$ |
25.32 |
|
|
$ |
394 |
|
|
|
15,551 |
|
May 17, 2024 |
|
June 14, 2024 |
|
|
5.0 |
% |
|
$ |
25.31 |
|
|
|
12,989 |
|
|
|
513,509 |
|
August 26, 2024 |
|
September 23, 2024 |
|
|
5.0 |
% |
|
$ |
25.29 |
|
|
|
27,085 |
|
|
|
1,072,190 |
|
November 25, 2024 |
|
December 23, 2024 |
|
|
5.0 |
% |
|
$ |
25.22 |
|
|
|
25,566 |
|
|
|
1,014,365 |
|
Total |
|
|
|
|
|
|
|
|
|
$ |
66,034 |
|
|
|
2,615,615 |
|
(1)Percentage is based on total shares as of the close of the previous calendar quarter. (2)All repurchase requests were satisfied in full. (3)Amounts shown net of Early Repurchase Deduction.
|