v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS
$ in Thousands
 9 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
 [1]
Investment income:  
Interest income $ 5,077
Other income 162
Total investment income 5,239
Expenses:  
Interest and debt expenses 1,944
Management fees (Note 3) 81
Income based incentive fee (Note 3) 253
Capital gains incentive fee (Note 3) 24
Administrative service fee 299
Board of Directors fee 18
Other general and administrative expenses 776
Organization and offering costs 323
Shareholder servicing and/or distribution fee 219
Total expenses 3,937
Management fees waiver (Note 3) (81)
Incentive fees waiver (Note 3) (277)
Reimbursable expenses paid by adviser (Note 3) (1,296)
Net expenses, net of fee waivers, before excise tax 2,283
Excise and income tax expense 52
Net investment income (loss) 2,904
Net realized gain (loss):  
Foreign currency transactions (21)
Total net realized gain (loss) (29)
Net change in unrealized appreciation (depreciation):  
Non-controlled/non-affiliated investments 214
Translation of assets and liabilities in foreign currencies 5
Total net change in unrealized appreciation (depreciation) 219
Total net realized and change in unrealized gain (loss) 190
Net increase (decrease) in net assets resulting from operations $ 3,094
Per share information  
Net investment income (loss) per share - basic | $ / shares $ 1.3
Net investment income (loss) per share - diluted | $ / shares 1.3
Earnings per share - basic | $ / shares 1.39
Earnings per share - diluted | $ / shares 1.39
Distributions declared per share | $ / shares $ 1.11
Weighted average shares outstanding - basic | shares 2,233,427
Weighted average shares outstanding - diluted | shares 2,233,427
Non-controlled/non-affiliated [Member]  
Net realized gain (loss):  
Non-controlled/non-affiliated investments $ (8)
[1] The Company commenced operations on July 18, 2025.