| NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER COMMON SHARE—BASIC AND DILUTED |
NOTE
6—NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER COMMON SHARE—BASIC AND DILUTED
The
following information sets forth the computation of basic and diluted net change in net assets resulting from operations per common share,
pursuant to ASC 260, for the three months ended March 31, 2026 and 2025.
SCHEDULE
OF BASIC AND DILUTED COMMON SHARE
| | |
2026 | | |
2025 | |
| | |
Three
Months Ended March 31, | |
| | |
2026 | | |
2025 | |
| Earnings
per common share–basic: | |
| | | |
| | |
| Net change in net assets resulting
from operations | |
$ | 155,636,060 | | |
$ | (806,715 | ) |
| Weighted-average common
shares–basic | |
| 25,380,755 | | |
| 23,571,840 | |
| Earnings
per common share–basic | |
$ | 6.13 | | |
$ | (0.03 | ) |
| Earnings
per common share–diluted: | |
| | | |
| | |
| Net change in net assets resulting from operations | |
$ | 155,636,060 | | |
$ | (806,715 | ) |
| Adjustment
for interest and amortization on 6.50% Convertible Notes due 2029(1) | |
| 627,872 | | |
| — | |
| Net
change in net assets resulting from operations, as adjusted | |
$ | 156,263,932 | | |
$ | (806,715 | ) |
| Adjustment
for dilutive effect of 6.50% Convertible Notes due 2029(1) | |
| 4,779,715 | | |
| — | |
| Weighted-average
common shares outstanding–diluted(1) | |
| 30,160,470 | | |
| 23,571,840 | |
| Earnings
per common share–diluted | |
$ | 5.18 | | |
$ | (0.03 | ) |
| (1) | For
the three months ended March 31, 2025, 4,516,131 potentially dilutive common shares were excluded from the weighted-average common shares
outstanding for diluted net change in net assets resulting from operations per common share because the effect of these shares would
have been anti-dilutive. |
|