| Schedule of Financial Highlights |
The following presents financial highlights for the following periods:
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For the Years Ended December 31, |
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For the period
from April 1,
2022 through
December 31, 2022* |
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For the period
from February 3,
2022 through
March 31, 2022 |
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2025 |
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2024 |
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2023 |
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Per share data: |
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Net asset value at beginning of period |
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$ |
13.20 |
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$ |
13.77 |
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$ |
13.91 |
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$ |
13.61 |
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$ |
14.00 |
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Net investment income (loss) (1) |
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1.45 |
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0.91 |
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1.07 |
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0.35 |
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(0.07 |
) |
Net realized and unrealized gains/(losses) on investments (1) |
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0.01 |
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0.02 |
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0.11 |
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(0.05 |
) |
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- |
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Net increase/(decrease) in net assets resulting from operations (1) |
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1.46 |
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0.93 |
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1.18 |
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0.30 |
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(0.07 |
) |
Offering costs (2) |
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- |
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(0.07 |
) |
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- |
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- |
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(0.27 |
) |
Permanent tax adjustments |
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- |
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- |
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- |
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- |
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(0.05 |
) |
Effect of shares issued |
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- |
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(0.34 |
) |
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- |
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- |
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- |
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Distributions from net investment income (loss) (3) |
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(1.36 |
) |
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(1.09 |
) |
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(1.32 |
) |
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- |
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- |
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Net asset value at end of period |
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$ |
13.30 |
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$ |
13.20 |
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$ |
13.77 |
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$ |
13.91 |
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$ |
13.61 |
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Net assets at end of period |
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$ |
303,408,074 |
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$ |
301,162,578 |
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$ |
85,552,618 |
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$ |
86,475,729 |
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$ |
84,552,090 |
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Shares outstanding at end of period |
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22,820,590 |
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22,820,386 |
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6,214,941 |
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6,214,672 |
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6,214,672 |
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Weighted average net assets |
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$ |
301,747,444 |
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$ |
138,475,878 |
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$ |
88,187,537 |
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$ |
84,885,270 |
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$ |
83,301,328 |
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Per share market value at end of period |
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$ |
10.33 |
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$ |
12.19 |
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$ |
8.44 |
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$ |
9.80 |
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$ |
13.30 |
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Total return based on market value (4) |
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(6.79 |
)% |
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59.20 |
% |
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-13.88 |
% |
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-26.32 |
% |
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-5.00 |
% |
Total return based on net asset value (4) |
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10.82 |
% |
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5.66 |
% |
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13.65 |
% |
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2.20 |
% |
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-2.79 |
% |
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Ratio/Supplemental data: |
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Ratio of net investment income (loss) to average net assets |
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10.96 |
% |
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6.83 |
% |
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7.52 |
% |
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2.59% (5) |
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(0.2)% (5) |
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Ratio of expenses to average net assets |
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7.70 |
% |
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8.82 |
% |
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6.01 |
% |
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2.17% (5) |
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22% (5) |
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Ratio of waived expenses to average net assets (6) |
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(0.66 |
)% |
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- |
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- |
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- |
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- |
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Ratio of net expenses to average net assets |
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7.04 |
% |
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- |
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- |
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- |
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- |
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Portfolio turnover |
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34.16 |
% |
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21.70 |
% |
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10.94 |
% |
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N/A |
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N/A |
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* On November 8, 2022, our Board approved a change in our fiscal year end from March 31 to December 31. (1)The per share data was derived by using the weighted average shares outstanding during the periods presented. (2)The Adviser absorbed the cost of the sales load (i.e., underwriting discounts and commissions) incurred by the Company in connection with the initial public offering of its common stock.. (3)The amount shown may not correspond for the period as it includes the effect of the timing of the distribution and the issuance of common stock. (4)Total return based on market value is based on the change in market price per share between the beginning and ending market prices per share in each period and assumes that common stock dividends are reinvested in accordance with our common stock dividend reinvestment plan. Total return based on net asset value is based upon the change in net asset value per share between the beginning and ending net asset values per share in each period and assumes that dividends are reinvested in accordance with our common stock dividend reinvestment plan. For periods less than a year, total return is not annualized. (5)Ratio is not annualized. (6)Ratio of only voluntarily waived expenses to average net asset is (0.22)%.
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