Information about our senior securities is shown in the following table (in thousands) as of the quarter ended March 31, 2026 and each year ended December 31 for the past ten years, unless otherwise noted. The “—” indicates information which the SEC expressly does not require to be disclosed for certain types of senior securities.


Class and Year	Total Amount Outstanding(1)		Asset Coverage Per Unit(2)		Involuntary Liquidating Preference Per Unit(3)		Average Market Value Per Unit(4)
Credit Facility
Fiscal 2026 (through March 31, 2026)	$	346,539	$	565		—	N/A
Fiscal 2025		352,248		568		—	N/A
Fiscal 2024		342,043		642		—	N/A
Fiscal 2023		407,000		631		—	N/A
Fiscal 2022		293,000		513		—	N/A
Fiscal 2021		222,500		552		—	N/A
Fiscal 2020		126,000		421		—	N/A
Fiscal 2019		42,900		182		—	N/A
Fiscal 2018		96,400		593		—	N/A
Fiscal 2017		245,600		1,225		—	N/A
Fiscal 2016		115,200		990		—	N/A
Fiscal 2015		207,900		1,459		—	N/A
SPV Credit Facility
Fiscal 2026 (through March 31, 2026)		165,050		269		—	N/A
Fiscal 2025		165,050		266		—	N/A
Fiscal 2024		165,050		310		—	N/A
Fiscal 2023		206,250		320		—	N/A
Fiscal 2022		155,200		272		—	N/A
2022 Unsecured Notes
Fiscal 2022		—		—		—	N/A
Fiscal 2021		150,000		372		—	N/A
Fiscal 2020		150,000		501		—	N/A
Fiscal 2019		150,000		638		—	N/A
Fiscal 2018		150,000		923		—	N/A
Fiscal 2017		150,000		748		—	N/A
Fiscal 2016		50,000		430		—	N/A
2022 Tranche C Notes
Fiscal 2022		—		—		—	N/A
Fiscal 2021		21,000		52		—	N/A
Fiscal 2020		21,000		70		—	N/A
Fiscal 2019		21,000		89		—	N/A
Fiscal 2018		21,000		129		—	N/A
Fiscal 2017		21,000		105		—	N/A
2023 Unsecured Notes
Fiscal 2023		—		—		—	N/A
Fiscal 2022		75,000		131		—	N/A
Fiscal 2021		75,000		186		—	N/A
Fiscal 2020		75,000		250		—	N/A
Fiscal 2019		75,000		319		—	N/A
Fiscal 2018		75,000		461		—	N/A
Fiscal 2017		75,000		374		—	N/A
2024 Unsecured Notes
Fiscal 2024		—		—		—	N/A
Fiscal 2023		125,000		194		—	N/A
Fiscal 2022		125,000		219		—	N/A
Fiscal 2021		125,000		309		—	N/A
Fiscal 2020		125,000		417		—	N/A
Fiscal 2019		125,000		531		—	N/A
2025 Unsecured Notes
Fiscal 2025		—		—		—	N/A
Fiscal 2024		85,000		159		—	N/A
Fiscal 2023		85,000		132		—	N/A
Fiscal 2022		85,000		149		—	N/A


Class and Year	Total Amount Outstanding(1)		Asset Coverage Per Unit(2)		Involuntary Liquidating Preference Per Unit(3)		Average Market Value Per Unit(4)
2026 Unsecured Notes
Fiscal 2026 (through March 31, 2026)	$	75,000	$	122		—	N/A
Fiscal 2025		75,000		121		—	N/A
Fiscal 2024		75,000		131		—	N/A
Fiscal 2023		75,000		116		—	N/A
Fiscal 2022		75,000		131		—	N/A
Fiscal 2021		75,000		186		—	N/A
Fiscal 2020		75,000		250		—	N/A
Fiscal 2019		75,000		319		—	N/A
2027 Unsecured Notes
Fiscal 2026 (through March 31, 2026)		50,000		81		—	N/A
Fiscal 2025		50,000		81		—	N/A
Fiscal 2024		50,000		94		—	N/A
Fiscal 2023		50,000		77		—	N/A
Fiscal 2022		50,000		88		—	N/A
Fiscal 2021		50,000		124		—	N/A
2027 Series F Unsecured Notes
Fiscal 2026 (through March 31, 2026)		135,000		220		—	N/A
Fiscal 2025		135,000		218		—	N/A
Fiscal 2024		135,000		253		—	N/A
Fiscal 2023		135,000		209		—	N/A
Fiscal 2022		135,000		237		—	N/A
2027 Series G Unsecured Notes
Fiscal 2026 (through March 31, 2026)		49,000		80		—	N/A
Fiscal 2025		49,000		79		—	N/A
Fiscal 2024		49,000		92		—	N/A
2028 Series H Unsecured Notes
Fiscal 2026 (through March 31, 2026)		50,000		81		—	N/A
Fiscal 2025		50,000		81		—	N/A
2028 Series I Unsecured Notes
Fiscal 2026 (through March 31, 2026)		50,000		81		—	N/A
Fiscal 2025		50,000		81		—	N/A
2028 Series J Unsecured Notes
Fiscal 2026 (through March 31, 2026)		75,000		122		—	N/A
Fiscal 2025		75,000		121		—	N/A
2042 Unsecured Notes
Fiscal 2017		—		—		—	N/A
Fiscal 2016		100,000		859		—	$	1,002
Senior Secured Notes
Fiscal 2017		—		—		—	N/A
Fiscal 2016		75,000		645		—	N/A
Term Loans
Fiscal 2026 (through March 31, 2026)		149,854		244		—	N/A
Fiscal 2025		153,138		247		—	N/A
Fiscal 2024		140,000		263		—	N/A
Fiscal 2023		100,000		155		—	N/A
Fiscal 2022		100,000		175		—	N/A
Fiscal 2021		100,000		248		—	N/A
Fiscal 2020		75,000		250		—	N/A
Fiscal 2019		75,000		319		—	N/A
Fiscal 2018		50,000		308		—	N/A
Fiscal 2017		50,000		250		—	N/A
Fiscal 2016		50,000		430		—	N/A
NEFPASS Facility
Fiscal 2021		—		—		—	N/A
Fiscal 2020		30,000		100		—	N/A
Fiscal 2019		30,000		128		—	N/A
Fiscal 2018		30,000		185		—	N/A
SSLP Facility
Fiscal 2019		—		—		—	N/A
Fiscal 2018		53,785		331		—	N/A
Total Senior Securities
Fiscal 2026 (through March 31, 2026)	$	1,145,443	$	1,865		—	N/A
Fiscal 2025		1,154,436		1,863		—	N/A
Fiscal 2024		1,041,093		1,954		—	N/A


Fiscal 2023	1,183,250	1,834	—	N/A
Fiscal 2022	1,093,200	1,915	—	N/A
Fiscal 2021	818,500	2,029	—	N/A
Fiscal 2020	677,000	2,259	—	N/A
Fiscal 2019	593,900	2,525	—	N/A
Fiscal 2018	476,185	2,930	—	N/A
Fiscal 2017	541,600	2,702	—	N/A
Fiscal 2016	390,200	3,354	—	N/A

(1)

Total amount of each class of senior securities outstanding (in thousands) at the end of the period presented.

(2)

The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by all senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the Asset Coverage Per Unit. In order to determine the specific Asset Coverage Per Unit for each class of debt, the total Asset Coverage Per Unit is allocated based on the amount outstanding in each class of debt at the end of the period. As of March 31, 2026, asset coverage was 186.5%.

(3)

The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it.

(4)

Not applicable except for the 2042 Unsecured Notes which were publicly traded. The Average Market Value Per Unit is calculated by taking the daily average closing price during the period and dividing it by twenty-five dollars per share and multiplying the result by one thousand to determine a unit price per thousand consistent with Asset Coverage Per Unit. The average market value for the fiscal 2016 period was $100,175.

Investment Objectives and Practices [Text Block]

Portfolio and Investment Activity

During the three months ended March 31, 2026, we invested approximately $118.7 million across 33 portfolio companies. This compares to investing approximately $193.5 million in 30 portfolio companies during the three months ended March 31, 2025. Investments sold, prepaid or repaid during the three months ended March 31, 2026 totaled approximately $137.5 million versus approximately $196.9 million for the three months ended March 31, 2025.

At March 31, 2026, our portfolio consisted of 99 portfolio companies and was invested 22.5% in cash flow senior secured loans, 46.5% in asset-based senior secured loans / SLR Credit Solutions (“SLR Credit”) / SLR Healthcare ABL / SLR Business Credit, 20.8% in equipment senior secured financings / SLR Equipment Finance (“SLR Equipment”) / Kingsbridge Holdings, LLC (“KBH”) and 10.2% in life science investments, in each case, measured at fair value, versus 118 portfolio companies invested 28.6% in cash flow senior secured loans, 38.9% in asset-based senior secured loans / SLR Credit / SLR Healthcare ABL / SLR Business Credit, 21.6% in equipment senior secured financings / SLR Equipment / KBH, and 10.9% in life science investments, in each case, measured at fair value, at March 31, 2025.

At March 31, 2026, 83.1%, or $1.72 billion, of our income producing investment portfolio* was floating rate and 16.9%, or $349.9 million, was fixed rate, measured at fair value. At March 31, 2025, 81.5%, or $1.61 billion, of our income producing investment portfolio* was floating rate and 18.5%, or $364.4 million, was fixed rate, measured at fair value. As of March 31, 2026 and 2025, we had zero and one issuer, respectively, on non-accrual status.

* We have included SLR Credit Solutions, SLR Equipment Finance, SLR Healthcare ABL, SLR Business Credit and Kingsbridge Holdings, LLC within our income producing investment portfolio.