[1]

Aggregate gross unrealized gain and loss for federal income tax purposes are $204,297 and $(481,992), respectively. Net unrealized loss is $(277,695) based on a total tax cost of $25,426,778.

[2]

All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.

[3]

The following shows the composition of the Company’s portfolio at cost by investment type and industry as of March 31, 2026:


Industry	First Lien - Secured Debt		Second Lien - Secured Debt		Unsecured Debt		Preferred Equity		Common Equity		Total
Aerospace & Defense	$	936,447	$	—	$	—	$	—	$	—	$	936,447
Air Freight & Logistics		160,530		—		—		—		—		160,530
Automobile Components		262,651		—		—		—		—		262,651
Banks		64,007		—		35,189		—		—		99,196
Beverages		52,146		—		—		—		—		52,146
Building Products		640,509		—		—		—		—		640,509
Capital Markets		337,019		—		—		—		—		337,019
Chemicals		182,466		—		—		—		100		182,566
Commercial Services & Supplies		1,429,298		33,537		—		49		—		1,462,884
Communications Equipment		16,492		—		—		—		3,465		19,957
Construction & Engineering		391,009		—		—		—		151		391,160
Construction Materials		37,027		—		—		—		—		37,027
Consumer Staples Distribution & Retail		626,683		—		—		—		—		626,683
Containers & Packaging		192,675		—		—		—		—		192,675
Distributors		59,337		—		—		—		—		59,337
Diversified Consumer Services		1,168,230		—		—		—		—		1,168,230
Diversified REITs		36,711		—		—		—		—		36,711
Diversified Telecommunication Services		296,478		—		4,393		—		—		300,871
Electric Utilities		191,645		—		—		—		—		191,645
Electrical Equipment		24,728		—		—		—		—		24,728
Electronic Equipment, Instruments & Components		39,106		—		—		—		—		39,106
Energy Equipment & Services		63,739		—		—		—		—		63,739
Entertainment		206,834		—		—		—		—		206,834
Financial Services		1,522,588		—		—		6,993		—		1,529,581
Food Products		39,755		—		—		—		125		39,880
Ground Transportation		120,378		—		—		2,389		—		122,767


Industry	First Lien - Secured Debt		Second Lien - Secured Debt		Unsecured Debt		Preferred Equity		Common Equity		Total
Health Care Equipment & Supplies	$	239,276	$	—	$	—	$	—	$	—	$	239,276
Health Care Providers & Services		1,877,151		—		—		—		—		1,877,151
Health Care Technology		775,107		—		—		—		—		775,107
Hotels, Restaurants & Leisure		1,407,673		—		24,794		—		3,657		1,436,124
Household Durables		214,629		—		—		—		—		214,629
Household Products		108,197		—		—		—		100		108,297
Independent Power & Renewable Electricity Producers		13,246		—		—		—		—		13,246
Industrial Conglomerates		—		—		—		—		90		90
Insurance		958,918		—		—		49		—		958,967
Interactive Media & Services		259,813		—		—		—		—		259,813
IT Services		295,461		—		—		—		78		295,539
Leisure Products		183,044		—		—		—		—		183,044
Life Sciences Tools & Services		397,559		—		—		—		—		397,559
Machinery		416,649		—		—		—		—		416,649
Media		758,797		—		—		—		—		758,797
Multi-Utilities		31,664		—		—		—		—		31,664
Oil, Gas & Consumable Fuels		173,699		—		—		—		—		173,699
Paper & Forest Products		20,945		—		—		1,497		—		22,442
Personal Care Products		543,473		—		—		—		33		543,506
Pharmaceuticals		668,569		—		—		217		102		668,888
Professional Services		1,359,307		—		—		—		—		1,359,307
Real Estate Management & Development		100,090		—		—		—		—		100,090
Semiconductors & Semiconductor Equipment		24,933		—		—		—		—		24,933
Software		3,185,654		—		—		—		—		3,185,654
Specialty Retail		322,110		—		—		—		—		322,110
Technology Hardware, Storage & Peripherals		760,744		—		—		—		55,588		816,332
Textiles, Apparel & Luxury Goods		374,438		—		—		—		—		374,438
Trading Companies & Distributors		266,588		—		—		—		90		266,678
Transportation Infrastructure		324,093		—		—		—		—		324,093
Wireless Telecommunication Services		93,425		—		—		—		—		93,425
Total	$	25,253,740	$	33,537	$	64,376	$	11,194	$	63,579	$	25,426,426

[4]

Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company. As of March 31, 2026, all of the Company's investments were non-controlled and non-affiliated.

[5]

Aggregate gross unrealized gain and loss for federal income tax purposes are $337,333 and $(237,835), respectively. Net unrealized loss is $99,498 based on a total tax cost of $24,416,132.

[6]

All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.

[7]

The following shows the composition of the Company’s portfolio at cost by investment type and industry as of December 31, 2025:


Industry	First Lien - Secured Debt		Second Lien - Secured Debt		Unsecured Debt		Preferred Equity		Common Equity		Total
Aerospace & Defense	$	779,778	$	—	$	—	$	—	$	—	$	779,778
Air Freight & Logistics		14,789		—		—		—		—		14,789
Automobile Components		266,253		—		—		—		—		266,253
Banks		232,892		—		35,116		—		—		268,008
Beverages		39,702		—		—		—		—		39,702
Building Products		515,434		—		—		—		—		515,434
Capital Markets		468,162		—		—		—		—		468,162
Chemicals		168,728		—		—		—		100		168,828
Commercial Services & Supplies		1,444,984		33,700		—		51		—		1,478,735
Communications Equipment		271,507		—		—		—		3,465		274,972
Construction & Engineering		327,209		—		—		—		151		327,360
Construction Materials		25,155		—		—		—		—		25,155
Consumer Staples Distribution & Retail		444,406		—		—		—		—		444,406
Containers & Packaging		179,159		—		—		—		—		179,159
Distributors		59,475		—		—		—		—		59,475
Diversified Consumer Services		1,014,561		—		—		—		—		1,014,561
Diversified REITs		30,559		—		—		—		—		30,559
Diversified Telecommunication Services		306,093		—		—		—		—		306,093
Electric Utilities		199,982		—		—		—		—		199,982
Electrical Equipment		25,592		—		—		—		—		25,592
Electronic Equipment, Instruments & Components		98,555		—		—		—		—		98,555
Energy Equipment & Services		46,991		—		—		—		—		46,991
Entertainment		193,087		—		—		—		—		193,087
Financial Services		1,640,089		—		—		5,940		—		1,646,029
Food Products		39,955		—		—		—		125		40,080
Gas Utilities		30,466		—		—		—		—		30,466
Ground Transportation		155,644		—		—		—		—		155,644


Industry	First Lien - Secured Debt		Second Lien - Secured Debt		Unsecured Debt		Preferred Equity		Common Equity		Total
Health Care Equipment & Supplies	$	264,480	$	—	$	—	$	—	$	—	$	264,480
Health Care Providers & Services		1,757,490		—		—		—		—		1,757,490
Health Care Technology		585,670		—		—		—		—		585,670
Hotels, Restaurants & Leisure		991,567		—		10,398		—		—		1,001,965
Household Durables		199,316		—		—		—		—		199,316
Household Products		107,384		—		—		—		100		107,484
Independent Power & Renewable Electricity Producers		28,554		—		30		—		—		28,584
Industrial Conglomerates		—		—		—		—		90		90
Insurance		1,107,209		—		—		49		—		1,107,258
Interactive Media & Services		316,178		—		—		—		—		316,178
IT Services		296,248		—		—		—		77		296,325
Leisure Products		183,095		—		—		—		—		183,095
Life Sciences Tools & Services		376,176		—		—		—		—		376,176
Machinery		429,837		—		—		—		—		429,837
Media		866,811		—		—		—		—		866,811
Multi-Utilities		30,976		—		—		—		—		30,976
Oil, Gas & Consumable Fuels		127,265		—		—		—		—		127,265
Paper & Forest Products		26,844		—		—		—		—		26,844
Personal Care Products		550,420		—		—		—		33		550,453
Pharmaceuticals		558,012		—		—		215		103		558,330
Professional Services		1,100,940		—		—		—		—		1,100,940
Real Estate Management & Development		66,780		—		—		—		—		66,780
Semiconductors & Semiconductor Equipment		24,969		—		—		—		—		24,969
Software		3,301,633		—		—		—		—		3,301,633
Specialty Retail		418,487		—		—		—		—		418,487
Technology Hardware, Storage & Peripherals		471,529		—		—		—		13,750		485,279
Textiles, Apparel & Luxury Goods		375,963		—		—		—		—		375,963
Trading Companies & Distributors		191,890		—		—		—		90		191,980
Transportation Infrastructure		442,279		—		—		—		—		442,279
Wireless Telecommunication Services		93,633		—		—		—		—		93,633
Total	$	24,310,842	$	33,700	$	45,544	$	6,255	$	18,084	$	24,414,425

[8]

Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company. As of December 31, 2025, all of the Company's investments were non-controlled and non-affiliated.