v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Investment Company, Distribution to Shareholders
The tax character of the shareholder distributions attributable to fiscal year ended December 31, 2025 were as follows:
Year Ended
December 31, 2025
Ordinary Income(1)
$8,820 
Long Term Capital Gains (Losses)— 
Total$8,820 
(1)For the years ended December 31, 2025 97.13% of ordinary income qualified as interest related dividend which is exempt from U.S. withholding tax applicable to non-U.S. shareholders.
Federal Income Tax Note
The following reconciles the increase in net assets resulting from operations for the period from the BDC Election Date through December 31, 2025, to taxable income from the period from the BDC Election Date through December 31, 2025:
Year Ended
December 31, 2025
Increase (decrease) in net assets resulting from operations
$6,504 
Adjustments:
Net unrealized (gains) losses on investments2,622 
Other income (loss) for tax purposes, not book— 
Deferred organization costs428 
Other expenses not currently deductible155 
Other book-tax differences626 
Taxable Income$10,335 
Investment Company, Components Of Distributable Earnings (Accumulated Losses)
The tax basis components of distributable earnings for the period from the BDC Election Date through December 31, 2025 were as follows:
December 31, 2025
Undistributed net investment income - tax basis$1,515 
Undistributed net realized gains (losses) - tax basis— 
Net unrealized gains (losses) on investments(7,649)
Other temporary differences(688)
Total distributable earnings - book basis$(6,822)