| Schedule of capital commitments made by an investor to the Company |
An investor made capital commitments to the Company in the amounts set forth below as of the date opposite each capital commitment:
|
|
|
|
|
|
|
Amount |
|
Date |
|
$ |
140,000,000 |
|
|
|
June 23, 2015 |
|
$ |
50,000,000 |
|
|
|
December 2, 2016 |
|
$ |
100,000,000 |
|
|
|
On December 7, 2017 |
|
$ |
40,000,000 |
|
|
|
March 22, 2019 |
|
$ |
30,000,000 |
|
|
|
September 23, 2019 |
|
$ |
11,200,000 |
|
|
|
March 20, 2020 |
|
$ |
8,900,000 |
|
|
|
May 28, 2021 |
|
$ |
110,000,000 |
|
|
|
December 15, 2021 |
|
$ |
30,000,000 |
|
|
|
June 13, 2023 |
|
$ |
37,000,000 |
|
|
|
March 25, 2024 |
|
$ |
66,000,000 |
|
|
|
October 1, 2024 |
|
$ |
15,000,000 |
|
|
|
December 16, 2025 |
|
| Schedule of Common Stock Outstanding |
The following table summarizes activity in the number of Shares during the years ended December 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
Common stock shares in issue |
|
|
|
Year Ended December 31, 2025 |
|
|
Year Ended December 31, 2024 |
|
Shares in issue, beginning of period |
|
|
47,020,454 |
|
|
|
44,518,989 |
|
Common stock issued ($0 and $103,000,000, respectively) |
|
|
— |
|
|
|
11,185,615 |
|
Common stock repurchased ($0 and $80,000,000, respectively) |
|
|
— |
|
|
|
(8,684,164 |
) |
Issuance of common shares in connection with dividend
reinvestment plan ($124 and $127, respectively) |
|
|
14 |
|
|
|
14 |
|
Shares in issue, end of period |
|
|
47,020,468 |
|
|
|
47,020,454 |
|
|
| Schedule of activity of Stockholders' Equity |
The following table details the activity of Stockholders’ Equity for the years ended December 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2025 |
|
Common
Stock |
|
|
Capital in
Excess of Par
Value |
|
|
Total
Distributable
(Loss) Earnings |
|
|
Total
Stockholders'
Equity |
|
Balance as of December 31, 2024 |
|
$ |
47,020 |
|
|
$ |
442,395,577 |
|
|
$ |
(15,800,192 |
) |
|
$ |
426,642,405 |
|
Net investment income |
|
|
- |
|
|
|
- |
|
|
|
33,675,117 |
|
|
|
33,675,117 |
|
Net realized loss from investment transactions |
|
|
- |
|
|
|
(192,265 |
) |
|
|
(1,774,238 |
) |
|
|
(1,966,503 |
) |
Net change in unrealized depreciation on investments |
|
|
- |
|
|
|
- |
|
|
|
(5,941,064 |
) |
|
|
(5,941,064 |
) |
Distributions to Stockholders |
|
|
- |
|
|
|
(199,928 |
) |
|
|
(33,654,803 |
) |
|
|
(33,854,731 |
) |
Reinvested Dividends |
|
|
- |
|
|
|
124 |
|
|
|
- |
|
|
|
124 |
|
Balance as of December 31, 2025 |
|
$ |
47,020 |
|
|
$ |
442,003,508 |
|
|
$ |
(23,495,180 |
) |
|
$ |
418,555,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2024 |
|
Common
Stock |
|
|
Capital in
Excess of Par
Value |
|
|
Total
Distributable
(Loss) Earnings |
|
|
Total
Stockholders'
Equity |
|
Balance as of December 31, 2023 |
|
$ |
44,519 |
|
|
$ |
420,442,206 |
|
|
$ |
(11,402,447 |
) |
|
$ |
409,084,278 |
|
Net investment income |
|
|
- |
|
|
|
34,982 |
|
|
|
36,147,983 |
|
|
|
36,182,965 |
|
Net realized loss from investment transactions |
|
|
- |
|
|
|
(190,415 |
) |
|
|
(717,427 |
) |
|
|
(907,842 |
) |
Net change in unrealized depreciation on investments |
|
|
- |
|
|
|
- |
|
|
|
(3,665,650 |
) |
|
|
(3,665,650 |
) |
Issuance of shares |
|
|
11,185 |
|
|
|
102,988,815 |
|
|
|
- |
|
|
|
103,000,000 |
|
Repurchase of shares |
|
|
(8,684 |
) |
|
|
(79,991,316 |
) |
|
|
- |
|
|
|
(80,000,000 |
) |
Distributions to Stockholders |
|
|
- |
|
|
|
(888,822 |
) |
|
|
(36,162,651 |
) |
|
|
(37,051,473 |
) |
Reinvested Dividends |
|
|
- |
|
|
|
127 |
|
|
|
- |
|
|
|
127 |
|
Balance as of December 31, 2024 |
|
$ |
47,020 |
|
|
$ |
442,395,577 |
|
|
$ |
(15,800,192 |
) |
|
$ |
426,642,405 |
|
|