In order to qualify as a REIT, the Company is required, among other things, to distribute dividends each taxable year of at least 90% of its taxable income determined without regard to the dividends-paid deduction and excluding net capital gains, and to meet certain tests regarding the nature of the Company's income and assets. The Company expects that its board of directors will continue to declare distributions payable monthly in arrears. Any distributions the Company makes will be at the discretion of its board of directors, considering factors such as its earnings, cash

flow, capital needs and general financial condition and the requirements of Maryland law. The Company commenced operations on May 30, 2013 and elected taxation as a REIT beginning the year ended December 31, 2013. Distributions for each month are payable on the first business day following the record date. Any distributions reinvested by the stockholders in accordance with the Company's distribution reinvestment plan are reinvested at the per share NAV of the same class determined at the close of business on the first business day following the record date.

The tables below show the aggregate declared distribution amount for each period presented based on the actual declared amounts for such period. In July 2024, the Company slightly altered the timing of the distribution declarations and payment such that the distributions for a month are declared and paid at the beginning of the immediately following month. In accordance therewith, the distributions for the month of July were declared and paid at the beginning of August, and each subsequent month has followed a similar pattern. As a result, the December 2024 distribution is reflected in the column for the year ended December 31, 2025 because it was declared and paid in January 2025. In addition, on November 13, 2025, an extra distribution in the amount of $0.09 per share for each share class was paid to ensure the REIT distribution requirements under the IRS rules were satisfied for the year ended December 31, 2025. The tables below are based on when the distributions were actually paid.


	Year Ended December 31,
		2025		2024		2023
Declared distribution amount per share, before adjustment for class-specific fees		$	0.98935	$	0.82447	$	0.89946
Distributions paid or payable in cash		$	9,245	$	7,448	$	8,124
Distributions reinvested		6,118		6,777		8,948
Distributions declared		$	15,363	$	14,225	$	17,072
Class A Shares issued upon reinvestment		114,440		118,991		138,784
Class I Shares issued upon reinvestment		256,537		253,744		320,530
Class T Shares issued upon reinvestment		833		1,512		2,244
Class D Shares issued upon reinvestment		6,566		60,079		95,494
Class N Shares issued upon reinvestment		22,407		18,481		18,087
Class M-I Shares issued upon reinvestment		31,807		24,772		17,352
Class T2 Shares issued upon reinvestment		27,450		21,257		18,931


	Year Ended December 31,
	2025		2024		2023
Class A	$	2,963	$	2,798	$	3,175
Class I	8,566		7,928		9,768
Class T	33		55		108
Class D	1,921		1,991		2,521
Class N	592		491		567
Class M-I	506		430		392
Class T2	621		470		473
Class Z	161		62		68
Distributions declared	$	15,363	$	14,225	$	17,072