| Schedule of Transactions in Common Shares |
The following table presents transactions in Common Shares during the year ended December 31, 2025:
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|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2025 |
|
|
|
|
Shares |
|
|
Amount |
|
Class I: |
|
|
|
|
|
|
|
|
Proceeds from shares sold |
|
$ |
|
21,640,576 |
|
|
$ |
|
557,320 |
|
Repurchase of Common Shares |
|
|
|
(166,071 |
) |
|
|
|
(4,297 |
) |
Early repurchase deduction |
|
|
|
— |
|
|
|
|
6 |
|
Distributions reinvested |
|
|
|
208,125 |
|
|
|
|
5,348 |
|
Net increase |
|
$ |
|
21,682,630 |
|
|
$ |
|
558,377 |
|
The following table presents transactions in Common Shares during the year ended December 31, 2024:
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|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2024 |
|
|
|
|
Shares |
|
|
Amount |
|
Class I: |
|
|
|
|
|
|
|
|
Proceeds from shares sold |
|
$ |
|
9,496,164 |
|
|
$ |
|
241,111 |
|
Repurchase of Common Shares |
|
|
|
(60,000 |
) |
|
|
|
(1,537 |
) |
Early repurchase deduction |
|
|
|
— |
|
|
|
|
— |
|
Distributions reinvested |
|
|
|
121,550 |
|
|
|
|
3,076 |
|
Net increase |
|
$ |
|
9,557,714 |
|
|
$ |
|
242,650 |
|
The following table presents transactions in Common Shares during the year ended December 31, 2023:
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|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2023 |
|
|
|
|
Shares |
|
|
Amount |
|
Class I: |
|
|
|
|
|
|
|
|
Proceeds from shares sold |
|
$ |
|
4,429,780 |
|
|
$ |
|
110,744 |
|
Repurchase of Common Shares |
|
|
|
— |
|
|
|
|
— |
|
Early repurchase deduction |
|
|
|
— |
|
|
|
|
— |
|
Distributions reinvested |
|
|
|
1,265 |
|
|
|
|
32 |
|
Net increase |
|
$ |
|
4,431,045 |
|
|
$ |
|
110,776 |
|
|
| Schedule of Month-End NAV Per Share |
The following tables present each month-end NAV per share for Class I Common Shares during the years ended December 31, 2025, 2024 and 2023:
|
|
|
|
|
|
NAV Per Share |
|
For the Months Ended |
Class I |
|
January 31, 2025 |
$ |
25.61 |
|
February 28, 2025 |
|
|
25.58 |
|
March 31, 2025 |
|
25.69 |
|
April 30, 2025 |
|
25.67 |
|
May 31, 2025 |
|
25.69 |
|
June 30, 2025 |
|
25.73 |
|
July 31, 2025 |
|
25.75 |
|
August 31, 2025 |
|
25.79 |
|
September 30, 2025 |
|
|
25.90 |
|
October 31, 2025 |
|
|
25.93 |
|
November 30, 2025 |
|
|
25.94 |
|
December 31, 2025 |
|
|
25.98 |
|
|
|
|
|
|
|
NAV Per Share |
|
For the Months Ended |
Class I |
|
January 31, 2024 |
$ |
|
24.87 |
|
February 29, 2024 |
|
|
25.00 |
|
March 31, 2024 |
|
|
25.06 |
|
April 30, 2024 |
|
|
25.04 |
|
May 31, 2024 |
|
|
25.13 |
|
June 30, 2024 |
|
|
25.40 |
|
July 31, 2024 |
|
|
25.45 |
|
August 31, 2024 |
|
|
25.47 |
|
September 30, 2024 |
|
|
25.57 |
|
October 31, 2024 |
|
|
25.60 |
|
November 30, 2024 |
|
|
25.67 |
|
December 31, 2024 |
|
|
25.62 |
|
|
|
|
|
|
|
NAV Per Share |
|
For the Months Ended |
Class I |
|
November 30, 2023 |
$ |
|
25.00 |
|
December 31, 2023 |
|
|
24.88 |
|
|
| Schedule of Distributions Declared and Payable |
The following tables present distributions that were declared and payable during the years ended December 31, 2025, 2024 and 2023:
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|
|
|
|
|
|
|
|
|
Amount |
|
|
Total |
|
|
Date Declared |
|
Record Date |
|
Payment Date |
|
Per Share |
|
|
Distributions |
|
|
November 30, 2023 |
|
November 30, 2023 |
|
December 29, 2023 |
|
$ |
|
0.1700 |
|
|
$ |
|
685 |
|
|
November 30, 2023 |
|
November 30, 2023 |
|
December 29, 2023 |
|
|
|
0.1700 |
|
|
|
|
685 |
|
(1) |
December 29, 2023 |
|
December 29, 2023 |
|
January 31, 2024 |
|
|
|
0.1875 |
|
|
|
|
831 |
|
|
January 31, 2024 |
|
January 31, 2024 |
|
February 29, 2024 |
|
|
|
0.1875 |
|
|
|
|
892 |
|
|
February 29, 2024 |
|
February 29, 2024 |
|
March 28, 2024 |
|
|
|
0.1875 |
|
|
|
|
979 |
|
|
March 29, 2024 |
|
March 28, 2024 |
|
April 30, 2024 |
|
|
|
0.1875 |
|
|
|
|
1,031 |
|
|
April 30, 2024 |
|
April 30, 2024 |
|
May 31, 2024 |
|
|
|
0.1875 |
|
|
|
|
1,062 |
|
|
May 30, 2024 |
|
May 31, 2024 |
|
June 28, 2024 |
|
|
|
0.1875 |
|
|
|
|
1,133 |
|
|
June 27, 2024 |
|
June 28, 2024 |
|
July 31, 2024 |
|
|
|
0.1875 |
|
|
|
|
1,206 |
|
|
July 17, 2024 |
|
July 31, 2024 |
|
August 31, 2024 |
|
|
|
0.1875 |
|
|
|
|
1,835 |
|
|
August 23, 2024 |
|
August 30, 2024 |
|
September 30, 2024 |
|
|
|
0.1875 |
|
|
|
|
1,914 |
|
|
September 26, 2024 |
|
September 30, 2024 |
|
October 30, 2024 |
|
|
|
0.1875 |
|
|
|
|
1,942 |
|
|
October 25, 2024 |
|
October 31, 2024 |
|
November 29, 2024 |
|
|
|
0.1875 |
|
|
|
|
2,320 |
|
|
November 22, 2024 |
|
November 30, 2024 |
|
December 31,2024 |
|
|
|
0.1875 |
|
|
|
|
2,526 |
|
|
December 23, 2024 |
|
December 31, 2024 |
|
January 31,2025 |
|
|
|
0.1875 |
|
|
|
|
2,634 |
|
|
December 23, 2024 |
|
December 31, 2024 |
|
January 31,2025 |
|
|
|
0.2400 |
|
|
|
|
3,372 |
|
(1) |
January 29, 2025 |
|
January 31, 2025 |
|
February 28, 2025 |
|
|
|
0.1875 |
|
|
|
|
2,725 |
|
|
February 24, 2025 |
|
February 28, 2025 |
|
March 31, 2025 |
|
|
|
0.1875 |
|
|
|
|
3,179 |
|
|
March 17, 2025 |
|
March 31, 2025 |
|
April 30, 2025 |
|
|
|
0.1875 |
|
|
|
|
3,354 |
|
|
April 24, 2025 |
|
April 30, 2025 |
|
May 30, 2025 |
|
|
|
0.1875 |
|
|
|
|
4,616 |
|
|
May 28, 2025 |
|
May 30, 2025 |
|
June 30, 2025 |
|
|
|
0.1875 |
|
|
|
|
4,654 |
|
|
June 25, 2025 |
|
June 30, 2025 |
|
July 31, 2025 |
|
|
|
0.1875 |
|
|
|
|
4,705 |
|
|
June 25, 2025 |
|
June 30, 2025 |
|
July 31, 2025 |
|
|
|
0.0600 |
|
|
|
|
1,506 |
|
(1) |
July 18, 2025 |
|
July 31, 2025 |
|
August 29, 2025 |
|
|
|
0.1875 |
|
|
|
|
4,781 |
|
|
August 27, 2025 |
|
August 29, 2025 |
|
September 30, 2025 |
|
|
|
0.1875 |
|
|
|
|
5,248 |
|
|
September 26, 2025 |
|
September 30, 2025 |
|
October 31, 2025 |
|
|
|
0.1875 |
|
|
|
|
5,518 |
|
|
September 26, 2025 |
|
September 30, 2025 |
|
October 31, 2025 |
|
|
|
0.0300 |
|
|
|
|
883 |
|
(1) |
October 16, 2025 |
|
October 31, 2025 |
|
November 28, 2025 |
|
|
|
0.1875 |
|
|
|
|
6,188 |
|
|
November 26, 2025 |
|
November 28, 2025 |
|
December 31, 2025 |
|
|
|
0.1875 |
|
|
|
|
6,219 |
|
|
December 29, 2025 |
|
December 31, 2025 |
|
January 30, 2026 |
|
|
|
0.1875 |
|
|
|
|
6,706 |
|
|
December 29, 2025 |
|
December 31, 2025 |
|
January 30, 2026 |
|
|
|
0.0300 |
|
|
|
|
1,073 |
|
(1) |
Total distributions declared |
|
|
|
|
|
$ |
|
5.3875 |
|
|
$ |
|
86,402 |
|
|
(1) Represents a special dividend.
|
| Schedule of Share Repurchases |
The following tables summarize the share repurchases completed during the years ended December 31, 2025 and 2024:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of |
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding Shares |
|
|
|
Amount |
|
|
Number of Shares |
|
|
Percentage of |
Repurchase |
|
the Company |
|
Repurchase |
|
Repurchased |
|
|
Repurchased |
|
|
Outstanding Shares |
Deadline Request |
|
Offered to Repurchase |
|
Pricing Date |
|
(all classes) (1) |
|
|
(all classes) |
|
|
Purchased(2) |
March 3, 2025 |
|
5.00% |
|
March 31, 2025 |
|
$ |
473 |
|
|
|
18,400 |
|
|
0.10% |
June 2, 2025 |
|
5.00% |
|
June 30, 2025 |
|
$ |
1,220 |
|
|
|
47,427 |
|
|
0.27% |
August 29, 2025 |
|
5.00% |
|
September 30, 2025 |
|
$ |
5 |
|
|
|
191 |
|
|
0.00% |
December 10, 2025 |
|
5.00% |
|
December 31, 2025 |
|
$ |
2,593 |
|
|
|
100,053 |
|
|
0.28% |
(1) Amounts shown are net of early repurchase deduction, if any.
(2) Percentage is based on total shares as of the close of the previous calendar quarter.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of |
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding Shares |
|
|
|
Amount |
|
|
Number of Shares |
|
|
Percentage of |
Repurchase |
|
the Company |
|
Repurchase |
|
Repurchased |
|
|
Repurchased |
|
|
Outstanding Shares |
Deadline Request |
|
Offered to Repurchase |
|
Pricing Date |
|
(all classes) (1) |
|
|
(all classes) |
|
|
Purchased(2) |
February 29, 2024 |
|
5.00% |
|
March 31, 2024 |
|
$ |
— |
|
|
|
— |
|
|
0.00% |
May 31, 2024 |
|
5.00% |
|
June 30, 2024 |
|
$ |
— |
|
|
|
— |
|
|
0.00% |
August 31, 2024 |
|
5.00% |
|
September 30, 2024 |
|
$ |
— |
|
|
|
— |
|
|
0.00% |
November 30, 2024 |
|
5.00% |
|
December 31, 2024 |
|
$ |
1,537 |
|
|
|
60,000 |
|
|
0.58% |
(1) Amounts shown are net of early repurchase deduction, if any.
(2) Percentage is based on total shares as of the close of the previous calendar quarter.
|