SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2025
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 14 - SUBSEQUENT EVENTS Management has evaluated events that have occurred after the balance sheet date but before the consolidated financial statements are issued and other than the items discussed below, the Company has determined that there were no additional subsequent events requiring adjustment or disclosure in the consolidated financial statements. Subsequent to the quarter ended December 31, 2025, the Company received financial information related to its investment in The Kyjen Company, LLC (d/b/a Outward Hound). Based on the information currently available, the Company expects to reduce the fair value mark of its first lien secured investments from 85.8% to within a range of between approximately 55.0% and 65.0% of face value during the first quarter, but this conclusion is subject to change based on additional information which may become available. Subsequent to the quarter ended December 31, 2025, the Company received financial information related to its investment in Camarillo Fitness Holdings, LLC (f/k/a Honors Holdings, LLC). Based on the information currently available, the Company expects to reduce the fair value mark of its first lien secured investments from 40.0% to within a range of between approximately 15.0% and 25.0% of face value during the first quarter, but this conclusion is subject to change based on additional information which may become available. On February 26, 2026, the Company’s board of directors approved a $7,500 increase in the authorized amount available for repurchases under the Repurchase Program up to $22,500. On February 26, 2026, the Company's board of directors dismissed Crowe LLP as the Company's independent registered public accounting firm effective upon the issuance of the Company’s financial statements as of and for the fiscal year ended December 31, 2025. The Company's board of directors subsequently appointed Deloitte & Touche LLP as the Company's independent registered public accounting firm.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2025

NOTE 14 - SUBSEQUENT EVENTS

Management has evaluated events that have occurred after the balance sheet date but before the consolidated financial statements are issued and other than the items discussed below, the Company has determined that there were no additional subsequent events requiring adjustment or disclosure in the consolidated financial statements.

Subsequent to the quarter ended December 31, 2025, the Company received financial information related to its investment in The Kyjen Company, LLC (d/b/a Outward Hound). Based on the information currently available, the Company expects to reduce the fair value mark of its first lien secured investments from 85.8% to within a range of between approximately 55.0% and 65.0% of face value during the first quarter, but this conclusion is subject to change based on additional information which may become available.

Subsequent to the quarter ended December 31, 2025, the Company received financial information related to its investment in Camarillo Fitness Holdings, LLC (f/k/a Honors Holdings, LLC). Based on the information currently available, the Company expects to reduce the fair value mark of its first lien secured investments from 40.0% to within a range of between approximately 15.0% and 25.0% of face value during the first quarter, but this conclusion is subject to change based on additional information which may become available.

On February 26, 2026, the Company’s board of directors approved a $7,500 increase in the authorized amount available for repurchases under the Repurchase Program up to $22,500.

On February 26, 2026, the Company's board of directors dismissed Crowe LLP as the Company's independent registered public accounting firm effective upon the issuance of the Company’s financial statements as of and for the fiscal year ended December 31, 2025. The Company's board of directors subsequently appointed Deloitte & Touche LLP as the Company's independent registered public accounting firm.