| SUBSEQUENT EVENTS |
NOTE 12 — SUBSEQUENT EVENTS The Company’s management has evaluated subsequent events through the date of issuance of the financial statements included herein. There have been no subsequent events that require recognition or disclosure in these financial statements except for the following described below. Investment Portfolio The Company invested in the following portfolio companies subsequent to March 31, 2026: | | | | | | | | | | | | Activity Type | | Date | | Company Name | | Company Description | | Investment Amount | | Instrument Type | Add-On Investment | | April 1, 2026 | | EH Real Estate Services, LLC* | | Offers residential property brokerage, title & settlement, and property and casualty insurance brokerage services to home buyers
and sellers | | $ | 190,093 | | Senior Secured – First Lien | New Investment | | April 3, 2026 | | VeloSource Purchaser, LLC | | Locum tenens staffing agency | | $ | 200,000 | | Senior Secured – First Lien | | | | | | | | | $ | 100,000 | | Delayed Draw Term Loan Commitment | | | | | | | | | $ | 100,000 | | Revolver Commitment | | | | | | | | | $ | 18,605 | | Equity | Add-On Investment | | April 13, 2026 | | Venbrook Buyer, LLC* | | An independent insurance services broker | | $ | 1,256,415 | | Senior Secured – First Lien | New Investment | | April 13, 2026 | | Solomon AcquisitionCo, LLC | | An innovative process automation and digital systems integrator | | $ | 4,196,557 | | Senior Secured – First Lien | | | | | | | | | $ | 100,000 | | Revolver Commitment | | | | | | | | | $ | 186,807 | | Equity | New Investment | | April 27, 2026 | | Project Freeze** | | Manufacturer of walk-in coolers, freezers, and refrigeration systems | | $ | 4,000,000 | | Senior Secured – First Lien | | | | | | | | | $ | 100,000 | | Delayed Draw Term Loan Commitment | | | | | | | | | $ | 100,000 | | Revolver Commitment | | | | | | | | | $ | 324,074 | | Equity | Add-On Investment | | April 28, 2026 | | Venbrook Buyer, LLC* | | An independent insurance services broker | | $ | 502,566 | | Senior Secured – First Lien | Add-On Investment | | April 28, 2026 | | Advanced Barrier Extrusions, LLC* | | Manufacturer of flexible packaging | | $ | 330,250 | | Senior Secured – First Lien |
* Existing portfolio company ** The name of this portfolio company is not disclosed at this time due to confidentiality restrictions. The name of this portfolio company will be disclosed in the Company’s quarterly report for the quarter ending June 30, 2026. The Company realized the following portfolio company investment subsequent to March 31, 2026: | | | | | | | | | | | | | | | Activity Type | | Date | | Company Name | | Company Description | | Proceeds Received | | Realized Loss | | Instrument Type | Full Repayment | | April 17, 2026 | | Sales Benchmark Index, LLC | | Provider of revenue growth management consulting services for private equity-owned and large enterprise clients | | $ | 11,968,656 | | $ | — | | Senior Secured – First Lien | | | | | | | | | $ | 443,820 | | $ | — | | Revolver Commitment | Full Realization | | | | | | | | $ | 486,925 | | | (178,805) | | Equity | Full Repayment | | April 24, 2026 | | Equine Network, LLC | | Provider of equine competitions, content, products, and services | | $ | 9,043,164 | | $ | — | | Senior Secured – First Lien | | | | | | | | | $ | 97,900 | | $ | — | | Delayed Draw Term Loan Commitment | | | | | | | | | $ | 166,667 | | $ | — | | Revolver Commitment | Full Repayment | | April 30, 2026 | | Cerebro Buyer, LLC | | Manufacturer of single-use electrodes for medical procedures | | $ | 4,526,683 | | $ | — | | Senior Secured – First Lien | | | | | | | | | $ | 376,902 | | $ | — | | Delayed Draw Term Loan Commitment |
Credit Facility The outstanding balance under the Credit Facility as of May 11, 2026 was $238,400,000. Dividends Declared On April 14, 2026, the Board declared a regular monthly dividend for each of April 2026, May 2026, and June 2026 as follows: | | | | | | | | | | | | Ex-Dividend | | Record | | Payment | | Amount per | Declared | | Date | | Date | | Date | | Share | 4/14/2026 | | 4/30/2026 | | 4/30/2026 | | 5/15/2026 | | $ | 0.1133 | 4/14/2026 | | 5/29/2026 | | 5/29/2026 | | 6/15/2026 | | $ | 0.1133 | 4/14/2026 | | 6/30/2026 | | 6/30/2026 | | 7/15/2026 | | $ | 0.1133 |
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