OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets

CLO Debt Securities

Niagara Park CLO, Ltd.
Mezzanine Debt - Class G⁽¹²⁾		0.00	%	N/A	11/19/2024	1/17/2038	$	51,375	$	50,541	$	49,720		—	%

Total CLO Debt Securities							$	51,375	$	50,541	$	49,720		—	%

CLO Equity Securities⁽⁶⁾

Allegro CLO XIV, Ltd.
Subordinated Notes		13.48	%	N/A	8/23/2021	10/15/2038	$	8,781,500	$	5,408,504	$	3,892,186		3.1	%

Allegro CLO XV, Ltd.
Subordinated Notes		18.74	%	N/A	6/10/2022	4/20/2038		5,350,462		3,309,808		2,848,008		2.2	%

Allegro CLO XVI, Ltd.
Subordinated Notes		11.31	%	N/A	4/11/2024	4/25/2037		6,490,084		4,525,746		3,611,160		2.8	%

Allegro CLO XVII, Ltd.
Subordinated Notes		18.78	%	N/A	6/18/2025	7/25/2038		9,670,177		7,344,839		7,130,284		5.6	%

Anchorage Capital CLO 1-R, Ltd.
Subordinated Notes^(8)(10)		0.00	%	N/A	10/5/2018	4/13/2031		2,100,000		142,577		20,387		—	%

Apex Credit CLO 13 Ltd.
Subordinated Notes		15.28	%	N/A	1/23/2026	1/22/2039		10,958,237		9,033,909		9,033,909		7.1	%

Apex Credit CLO 2020 Ltd.
Subordinated Notes		6.61	%	N/A	11/16/2020	4/20/2035		6,170,000		4,986,397		2,808,221		2.2	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Apex Credit CLO 2021 Ltd.
Subordinated Notes		0.81	%	N/A	5/28/2021	7/18/2034	$	7,140,000	$	4,334,265	$	1,869,133		1.5	%

Apex Credit CLO 2022-I Ltd.
Subordinated Notes		17.49	%	N/A	4/28/2022	10/22/2038		14,060,974		8,169,641		5,940,760		4.7	%

Apex Credit CLO 2024-I Ltd.
Subordinated Notes		18.62	%	N/A	3/7/2024	4/20/2036		3,600,000		2,450,150		1,780,181		1.4	%

Ares LV CLO Ltd.
Subordinated Notes		22.07	%	N/A	11/19/2025	10/15/2037		3,800,000		2,294,941		2,116,382		1.7	%

Ares LXXIV CLO Ltd.
Subordinated Notes		16.23	%	N/A	9/12/2024	10/15/2037		10,000,000		8,007,937		6,727,754		5.3	%

Atlas Senior Loan Fund X, Ltd.
Subordinated Notes⁽⁷⁾⁽⁸⁾		0.00	%	N/A	10/5/2018	1/15/2031		5,000,000		1,990,754		—		—	%

Atlas Senior Loan Fund XVII, Ltd.
Subordinated Notes		7.85	%	N/A	9/20/2021	10/20/2034		6,000,000		3,742,122		2,061,873		1.6	%

Ballyrock CLO 19 Ltd.
Subordinated Notes		25.72	%	N/A	6/30/2025	4/20/2035		4,300,000		1,787,512		1,689,965		1.3	%

Barings CLO Ltd. 2018-II
Subordinated Notes		18.33	%	N/A	2/19/2025	7/15/2036		4,750,000		2,251,386		1,697,938		1.3	%

Battalion CLO IX Ltd.
Subordinated Notes - Income⁽⁷⁾⁽⁸⁾		0.00	%	N/A	10/10/2018	7/15/2031		1,079,022		408,304		—		—	%
Subordinated Notes⁽⁷⁾⁽⁸⁾		0.00	%	N/A	10/10/2018	7/15/2031		1,770,978		670,114		—		—	%
								2,850,000		1,078,418		—		—	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Battalion CLO XI Ltd.
Subordinated Notes⁽⁷⁾		0.00	%	N/A	3/20/2019	4/24/2034	$	5,000,000	$	2,691,059	$	751,711		0.6	%

Battalion CLO XV Ltd.
Subordinated Notes		2.10	%	N/A	5/4/2023	1/17/2033		3,500,000		1,266,057		484,816		0.4	%
Subordinated Notes		2.10	%	N/A	5/4/2023	1/17/2033		3,500,000		1,266,057		484,816		0.4	%
								7,000,000		2,532,114		969,632		0.8	%
Battalion CLO XIX Ltd.
Subordinated Notes⁽⁷⁾		0.00	%	N/A	3/16/2021	4/15/2034		5,000,000		2,109,380		708,793		0.6	%

BlueMountain CLO XXVI Ltd.
Subordinated Notes		15.31	%	N/A	8/9/2024	10/20/2034		4,000,000		2,071,735		1,579,043		1.2	%

Bridge Street CLO III Ltd.
Subordinated Notes		35.95	%	N/A	12/28/2022	10/20/2037		6,900,000		3,350,069		4,166,655		3.3	%

Brightwood Capital MM CLO 2023-1, Ltd.
Subordinated Notes		24.50	%	N/A	9/28/2023	10/15/2035		4,847,312		3,846,567		3,996,662		3.2	%

Canyon CLO 2019-1, Ltd.
Subordinated Notes		17.18	%	N/A	8/22/2024	7/15/2037		1,000,000		504,263		413,833		0.3	%

Carlyle US CLO 2021-10, Ltd.
Subordinated Notes		20.13	%	N/A	5/9/2025	1/20/2038		7,900,342		3,603,533		3,172,032		2.5	%

Dryden 38 Senior Loan Fund
Subordinated Notes^(8)(10)		0.00	%	N/A	10/5/2018	7/15/2030		2,600,000		678,062		33,136		—	%

Dryden 83 CLO, Ltd.
Subordinated Notes		13.05	%	N/A	9/17/2024	4/18/2037		21,000,000		9,938,934		7,295,421		5.8	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Dryden 87 CLO, Ltd.
Subordinated Notes		11.00	%	N/A	6/2/2021	8/20/2038	$	7,078,500	$	4,559,215	$	2,704,836		2.1	%

Dryden 95 CLO, Ltd.
Subordinated Notes		2.70	%	N/A	7/29/2021	8/20/2034		6,000,000		4,043,868		2,284,331		1.8	%

Dryden 98 CLO, Ltd.
Subordinated Notes		3.25	%	N/A	3/17/2022	4/20/2035		5,500,000		3,745,167		2,026,543		1.6	%

Dryden 112 CLO, Ltd.
Subordinated Notes		20.45	%	N/A	9/4/2024	11/15/2036		11,200,000		6,103,933		5,462,531		4.3	%

Dryden 123 CLO, Ltd.
Subordinated Notes		15.24	%	N/A	4/4/2025	4/15/2038		5,000,000		4,284,223		3,855,029		3.0	%

Eaton Vance CLO 2019-1, Ltd.
Subordinated Notes		12.27	%	N/A	10/1/2024	7/15/2037		26,600,000		12,913,526		8,865,261		7.0	%

Elevation CLO 2017-8, Ltd.
Subordinated Notes^(8)(10)		0.00	%	N/A	10/5/2018	10/25/2030		2,000,000		614,661		—		—	%

Elevation CLO 2021-12, Ltd.
Subordinated Notes		5.89	%	N/A	5/26/2021	4/20/2037		4,810,737		2,630,656		1,398,752		1.1	%

Elevation CLO 2021-13, Ltd.
Subordinated Notes		0.24	%	N/A	6/9/2021	7/15/2034		6,026,765		3,431,103		1,342,638		1.1	%

Elevation CLO 2021-14, Ltd.
Subordinated Notes		11.56	%	N/A	10/29/2021	1/20/2038		11,971,482		6,670,908		4,273,824		3.4	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Elevation CLO 2021-15, Ltd.
Subordinated Notes⁽⁷⁾		0.00	%	N/A	12/23/2021	1/25/2035	$	9,000,000	$	5,251,374	$	2,070,717		1.6	%

Empower CLO 2023-3, Ltd.
Subordinated Notes		5.18	%	N/A	12/21/2023	1/20/2037		10,675,000		7,043,001		5,534,024		4.4	%

Empower CLO 2024-1, Ltd.
Subordinated Notes		6.79	%	N/A	3/20/2024	4/25/2037		5,024,000		3,764,718		2,203,373		1.7	%

Empower CLO 2024-2, Ltd.
Subordinated Notes		7.57	%	N/A	6/26/2024	7/15/2037		1,350,000		1,104,529		714,132		0.6	%

Empower CLO 2025-1, Ltd.
Subordinated Notes		14.71	%	N/A	5/15/2025	7/20/2038		10,450,000		7,380,264		6,436,085		5.1	%

Generate CLO 14 Ltd.
Subordinated Notes		8.36	%	N/A	9/27/2024	4/22/2037		21,000,000		16,009,942		10,088,943		8.0	%

Halcyon Loan Advisors Funding 2018-1 Ltd.
Subordinated Notes⁽¹⁰⁾		0.00	%	N/A	3/20/2019	7/20/2031		3,000,000		1,211,984		45,933		—	%

HarbourView CLO VII, Ltd.
Subordinated Notes^(8)(10)		0.00	%	N/A	10/5/2018	7/18/2031		3,100,000		1,886,533		—		—	%

ICG US CLO 2021-3, Ltd.
Subordinated Notes		22.54	%	N/A	8/8/2024	10/20/2034		6,800,000		3,076,572		2,509,967		2.0	%

Invesco CLO 2021-2, Ltd.
Subordinated Notes		6.16	%	N/A	5/24/2024	7/15/2034		6,000,000		2,738,404		1,501,063		1.2	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Invesco U.S. CLO 2023-1, Ltd.
Subordinated Notes		13.06	%	N/A	5/31/2024	4/22/2037	$	9,000,000	$	6,274,990	$	4,911,594		3.9	%

Jamestown CLO XVI Ltd.
Subordinated Notes		2.10	%	N/A	7/29/2021	7/25/2034		3,500,000		2,145,110		1,132,909		0.9	%

KKR CLO 35 Ltd.
Subordinated Notes		19.73	%	N/A	6/5/2025	1/20/2038		7,000,000		4,546,012		3,920,063		3.1	%

LCM 31 Ltd.
Subordinated Notes⁽⁷⁾		0.00	%	N/A	12/18/2020	7/20/2034		1,350,000		708,627		183,203		0.1	%

LCM 42 Ltd.
Subordinated Notes		17.60	%	N/A	12/19/2024	1/15/2038		3,500,000		2,906,410		2,460,615		1.9	%

Madison Park Funding XXIX, Ltd.
Subordinated Notes		15.10	%	N/A	12/22/2020	3/25/2038		1,154,848		537,268		345,467		0.3	%

Marble Point CLO XX Ltd.
Subordinated Notes⁽⁷⁾		0.00	%	N/A	4/9/2021	4/23/2051		5,125,000		3,092,245		1,432,387		1.1	%

Marble Point CLO XXI Ltd.
Subordinated Notes⁽⁷⁾		0.00	%	N/A	8/24/2021	10/17/2051		5,250,000		3,289,946		1,282,002		1.0	%

Marble Point CLO XXIII Ltd.
Subordinated Notes		4.29	%	N/A	12/3/2021	1/22/2052		1,750,000		1,176,116		573,992		0.5	%

MidOcean Credit CLO VII
Subordinated Notes - Income⁽⁷⁾⁽⁸⁾		0.00	%	N/A	3/20/2019	7/15/2029		3,275,000		1,047,083		—		—	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
MidOcean Credit CLO VIII
Subordinated Notes - Income^(8)(10)		0.00	%	N/A	1/14/2019	2/20/2031	$	3,225,000	$	1,045,529	$	79,786		0.1	%

MidOcean Credit CLO IX
Subordinated Notes - Income^(8)(10)		0.00	%	N/A	11/21/2018	7/20/2031		3,000,000		1,364,703		—		—	%

New Mountain CLO 2 Ltd.
Subordinated Notes		17.26	%	N/A	4/1/2025	4/15/2034		11,250,000		6,904,421		5,958,453		4.7	%

Niagara Park CLO, Ltd.
Subordinated Notes		15.81	%	N/A	11/8/2019	1/17/2038		4,500,000		3,111,421		2,320,803		1.8	%

Northwoods Capital XI-B, Limited
Subordinated Notes		20.75	%	N/A	3/31/2025	7/19/2037		34,632,954		7,469,556		7,753,820		6.1	%

OCP CLO 2017-14, Ltd.
Subordinated Notes		9.81	%	N/A	9/24/2024	7/20/2037		10,000,000		4,243,245		2,604,954		2.1	%

Park Blue CLO 2022-I, Ltd.
Subordinated Notes		17.10	%	N/A	3/18/2025	10/20/2037		10,000,000		6,231,551		4,889,258		3.9	%

Park Blue CLO 2022-II, Ltd.
Subordinated Notes		11.62	%	N/A	9/27/2024	7/20/2037		5,325,000		3,239,319		2,060,256		1.6	%

Park Blue CLO 2023-3, Ltd.
Subordinated Notes		19.32	%	N/A	7/9/2025	4/20/2038		14,500,000		8,191,775		7,141,543		5.6	%

PPM CLO 2 Ltd.
Subordinated Notes		3.13	%	N/A	10/15/2024	4/16/2037		2,000,000		701,650		207,207		0.2	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Regatta XIX Funding Ltd.
Subordinated Notes		22.78	%	N/A	11/7/2025	10/20/2038	$	1,000,000	$	607,771	$	575,709		0.5	%

Rockford Tower CLO 2019-1, Ltd.
Subordinated Notes		2.52	%	N/A	8/25/2023	4/20/2034		4,500,000		2,193,654		1,079,533		0.9	%

Rockford Tower CLO 2025-1, Ltd.
Subordinated Notes		19.48	%	N/A	3/7/2025	3/31/2038		8,000,000		5,961,857		5,778,877		4.6	%

Signal Peak CLO 7, Ltd.
Subordinated Notes		16.43	%	N/A	2/4/2025	10/20/2037		5,674,500		2,786,600		1,829,278		1.4	%

Sound Point CLO IV-R, Ltd.
Subordinated Notes⁽⁷⁾⁽⁸⁾		0.00	%	N/A	11/2/2018	4/18/2031		4,000,000		599,847		—		—	%

Steele Creek CLO 2022-1, Ltd.
Subordinated Notes		5.29	%	N/A	3/28/2022	4/15/2038		6,339,779		3,746,711		1,459,941		1.2	%

Trimaran CAVU 2021-2 Ltd.
Subordinated Notes		15.35	%	N/A	8/20/2024	10/25/2034		2,000,000		833,114		633,859		0.5	%

Trinitas CLO VIII, Ltd.
Subordinated Notes⁽⁷⁾⁽⁸⁾		0.00	%	N/A	4/28/2021	7/20/2117		2,800,000		1,248,940		70,000		0.1	%

Vibrant CLO X, Ltd.
Subordinated Notes^(8)(10)		0.00	%	N/A	5/23/2019	10/20/2031		8,000,000		2,720,176		—		—	%

Vibrant CLO XIII, Ltd.
Subordinated Notes		10.72	%	N/A	6/3/2021	1/15/2038		5,000,000		3,734,717		2,179,557		1.7	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Vibrant CLO XV, Ltd.
Subordinated Notes		16.22	%	N/A	8/21/2023	1/20/2035	$	4,000,000	$	2,383,342	$	1,783,021		1.4	%

Voya CLO 2017-4, Ltd.
Subordinated Notes^(8)(10)		0.00	%	N/A	10/5/2018	10/15/2030		1,000,000		279,656		—		—	%

Voya CLO 2024-7, Ltd.
Subordinated Notes		16.44	%	N/A	1/7/2025	1/20/2038		17,475,000		15,459,806		13,571,448		10.6	%

Wellfleet CLO 2021-1, Ltd.
Subordinated Notes		19.15	%	N/A	7/30/2025	4/20/2034		4,830,000		1,618,684		1,360,125		1.1	%

Wildwood Park CLO, Ltd.
Subordinated Notes		14.73	%	N/A	11/5/2024	10/20/2037		5,000,000		4,120,131		3,312,359		2.6	%

Zais CLO 3, Limited
Subordinated Notes - Income⁽⁷⁾⁽⁸⁾		0.00	%	N/A	10/10/2018	7/15/2031		1,038,255		491,947		—		—	%
Subordinated Notes⁽⁷⁾⁽⁸⁾		0.00	%	N/A	10/10/2018	7/15/2031		1,761,745		834,659		—		—	%
								2,800,000		1,326,606		—		—	%

Total CLO Equity Securities							$	560,612,653	$	318,497,792	$	222,525,060		175.6	%

Loan Accumulation Facilities⁽¹¹⁾

Dryden 128 CLO, Ltd.
Loan Accumulation Facility		16.50	%	N/A	6/2/2025	11/22/2026	$	3,000,000	$	3,000,000	$	3,000,000		2.4	%

Fortress Credit Opportunities XXVII CLO B LLC
Loan Accumulation Facility		14.50	%	N/A	1/27/2025	6/30/2026		8,518,880		8,518,880		8,518,880		6.7	%

Total Loan Accumulation Facilities							$	11,518,880	$	11,518,880	$	11,518,880		9.1	%

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

Company and Investment⁽¹⁾⁽²⁾	Interest Rate /Effective Yield⁽³⁾			Spread Above Index⁽⁴⁾	Initial Acquisition Date	Maturity	Principal Amount		Amortized Cost		Fair Value⁽⁵⁾		Percent of Net Assets
Other CLO equity-related investments
CLO other⁽⁹⁾		17.53	%	N/A					$	1,368,728	$	1,824,200		1.4	%

Total Investments							$	572,182,908	$	331,435,941	$	235,917,860		186.1	%

Cash Equivalents
First American Treasury Obligations Fund Class Z⁽¹³⁾		3.57	%	N/A			$	7,061,304	$	7,061,304	$	7,061,304		5.6	%

Total Investments and Cash Equivalents							$	579,244,212	$	338,497,245	$	242,979,164		191.7	%

(1)

These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act of 1933, as amended.

(2)

OFS Credit Company, Inc. (the “Company”) does not “control” and is not an “affiliate” of any of its portfolio investments, each as defined in the Investment Company Act of 1940, as amended (the “1940 Act”). In general, under the 1940 Act, the Company would be presumed to “control” a portfolio investment if it owned 25% or more of its voting securities and would be an “affiliate” of a portfolio investment if the Company owned 5% or more of its voting securities.

(3)

The rate disclosed on collateralized loan obligation (“CLO”) equity and equity-related securities is the estimated effective yield, generally established at purchase, and re-evaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments. The rates disclosed on CLO debt securities reflect the contractual interest rate, and exclude yield related to accretion of discounts. The rate disclosed on Loan Accumulation Facilities (as defined in footnote 11 below) represents the estimated yield to be earned on the investment through estimated redemption. As of January 31, 2026, the Company’s weighted-average effective yield on its total investments, based on current amortized cost, was 12.39% (excludes discount accretion on CLO debt investments). Excluding optionally redeemed CLOs, the weighted average effective yield on total investments, based on current amortized cost, was 12.77%.

(4)

CLO debt securities generally bear interest at a rate determined by reference to three-month Secured Overnight Financing Rate (“SOFR”) which resets quarterly. The rate provided for each CLO debt security is as of period end, if applicable.

(5)

The fair value of all investments was determined in good faith by OFS Capital Management, LLC (the Company’s investment adviser) using significant, unobservable inputs. The fair value of the investments may differ significantly from the values that would have been used had a ready market or observable inputs existed for such investments and may differ materially from the values that may ultimately be received or settled.

(6)

Subordinated notes and income notes are considered CLO equity securities. CLO equity securities are entitled to recurring distributions, which are generally equal to the residual cash flow payments made by underlying securities of the CLO less contractual payments to debt holders and CLO-fund expenses, subject to compliance with coverage tests and other provisions of the respective CLO indenture, as applicable.

(7)

As of January 31, 2026, the effective accretable yield has been estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security’s anticipated redemption, is less than current amortized cost. Projected distributions are monitored and re-evaluated quarterly. All actual distributions received will be recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security’s then-current amortized cost.

OFS Credit Company, Inc.

Schedule of Investments

As of January 31, 2026

(Unaudited)

(8)

Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.

(9)

Fair value represents discounted cash flows associated with fee rebates earned from CLO equity-related investments.

(10)

As of January 31, 2026, the investment has been optionally redeemed and is in the process of liquidating. Commencing on the optional redemption date, the Company stops accruing interest income and remaining residual distributions are recognized as a return of capital up to the amount of current amortized cost, and realized gain for any amounts received in excess of current amortized cost, if applicable. CLO equity securities which have been optionally redeemed are realized when the deal has been fully liquidated and discharged.

(11)

“Loan Accumulation Facilities” are financing structures intended to aggregate loans that are expected to form part of the portfolio of a future CLO. Investments in Loan Accumulation Facilities generally earn returns equal to the actual income earned on facility assets less costs and fees incurred on senior financing and manager costs. Income and return of capital distributions from investments in Loan Accumulation Facilities are generally received upon the earlier of the closing of the CLO securitization or liquidation of the underlying portfolio.

(12)

Represents a zero-coupon CLO debt security that does not have a contractual interest rate. The Company earns interest income on the accretion of the discount over the expected life of the security.

(13)

Represents cash equivalents held in a money market fund as of January 31, 2026. The Company also had cash deposits of $20,883 as of January 31, 2026.