| Schedule of Outstanding Redeemable Common Shares |
The following tables detail the movement of and net proceeds received from the Company’s outstanding common shares for the three months ended March 31, 2026 and 2025 (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
Class S
Common Shares |
|
Class I
Common Shares |
|
Total |
|
Shares outstanding as of December 31, 2025 |
|
7,389,641 |
|
|
6,210,710 |
|
|
13,600,351 |
|
Common shares issued |
|
382,068 |
|
|
1,890,369 |
|
|
2,272,437 |
|
DRIP shares issued |
|
147,244 |
|
|
91,194 |
|
|
238,438 |
|
Common shares repurchased |
|
(21,931 |
) |
|
(49,790 |
) |
|
(71,721 |
) |
Shares outstanding as of March 31, 2026 |
|
7,897,022 |
|
|
8,142,483 |
|
|
16,039,505 |
|
|
|
|
|
|
|
|
Proceeds from issuance of common shares |
$ |
10,792 |
|
$ |
40,036 |
|
$ |
50,828 |
|
|
|
|
|
|
|
|
|
|
|
|
Class S
Common Shares |
|
Class I
Common Shares |
|
Total |
|
Shares outstanding as of December 31, 2024 |
|
5,064,764 |
|
|
3,823,418 |
|
|
8,888,182 |
|
Common shares issued |
|
440,509 |
|
|
454,165 |
|
|
894,674 |
|
DRIP shares issued |
|
61,689 |
|
|
43,666 |
|
|
105,355 |
|
Shares outstanding as of March 31, 2025 |
|
5,566,962 |
|
|
4,321,249 |
|
|
9,888,211 |
|
|
|
|
|
|
|
|
Proceeds from issuance of common shares |
$ |
10,150 |
|
$ |
9,974 |
|
$ |
20,124 |
|
|
| Schedule of Distributions Declared |
The following table details the aggregate distributions declared for Class S and Class I common shares for the three months ended March 31, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
Class S Common Shares |
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
2025 |
|
Aggregate gross distributions declared per common share |
|
$ |
0.4680 |
|
$ |
0.4008 |
|
Shareholder servicing fee per common share |
|
|
(0.1093 |
) |
|
(0.0421 |
) |
Net distributions declared per common share |
|
$ |
0.3587 |
|
$ |
0.3587 |
|
|
|
|
|
|
|
|
|
|
|
Class I Common Shares(1) |
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
2025 |
|
Aggregate gross distributions declared per common share |
|
$ |
0.4680 |
|
$ |
0.4008 |
|
Shareholder servicing fee per common share |
|
|
— |
|
|
— |
|
Net distributions declared per common share |
|
$ |
0.4680 |
|
$ |
0.4008 |
|
__________________ (1)There is no shareholder servicing fee with respect Class I shares. Refer to Note 10 – “Related Party Transactions” below for further information on shareholder servicing fees.
|
| Schedule of Outstanding Redeemable Common Shares |
The following tables detail the movement in the Company’s outstanding Class E redeemable common shares during the three months ended March 31, 2026 and 2025 (dollars in thousands):
|
|
|
|
|
Redeemable Common Shares |
|
Shares outstanding as of December 31, 2025 |
|
1,703,737 |
|
Redeemable common shares issued |
|
32,989 |
|
DRIP shares issued |
|
735 |
|
Shares outstanding as of March 31, 2026 |
|
1,737,461 |
|
|
|
|
Proceeds from issuance of redeemable common shares |
$ |
716 |
|
|
|
|
|
|
Redeemable Common Shares |
|
Shares outstanding as of December 31, 2024 |
|
1,670,897 |
|
Redeemable common shares issued |
|
4,149 |
|
DRIP shares issued |
|
378 |
|
Shares outstanding as of March 31, 2025 |
|
1,675,424 |
|
|
|
|
Proceeds from issuance of redeemable common shares |
$ |
93 |
|
|
| Schedule of Distributions Declared |
The following table details the aggregate distributions declared for the Class E redeemable common shares for the three months ended March 31, 2026 and 2025, respectively:
|
|
|
|
|
|
|
|
|
Class E Redeemable Common Shares |
|
|
For the Three Months Ended March 31, |
|
|
2026 |
|
|
2025 |
|
Aggregate gross distributions declared per redeemable common share |
$ |
0.4680 |
|
|
$ |
0.4008 |
|
Shareholder servicing fee per redeemable common share(1) |
|
— |
|
|
|
— |
|
Net distributions declared per redeemable common share |
$ |
0.4680 |
|
|
$ |
0.4008 |
|
__________________ (1)There is no shareholder servicing fee with respect Class E redeemable common shares. Refer to Note 10 – “Related Party Transactions” below for further information on shareholder servicing fees.
|