Stockholders' Equity and Dividends (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Class of Stock [Line Items] |
|
| Schedule of Transactions in Common Shares |
The following table summarizes transactions in Common Shares for the six months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
Institutional Class |
|
|
|
|
|
|
|
|
|
|
|
|
Subscriptions |
|
|
6,309,022 |
|
|
$ |
149,741,633 |
|
|
|
8,789,020 |
|
|
$ |
215,382,569 |
|
Distributions reinvested |
|
|
1,151,868 |
|
|
|
27,301,104 |
|
|
|
993,991 |
|
|
|
24,339,615 |
|
Share transfers between classes |
|
|
2,067 |
|
|
|
49,059 |
|
|
|
— |
|
|
|
— |
|
Share Repurchases |
|
|
(3,871,561 |
) |
|
|
(91,517,184 |
) |
|
|
(192,401 |
) |
|
|
(4,716,162 |
) |
Net Increase (Decrease) |
|
|
3,591,396 |
|
|
$ |
85,574,612 |
|
|
|
9,590,610 |
|
|
$ |
235,006,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class S |
|
|
|
|
|
|
|
|
|
|
|
|
Subscriptions |
|
|
473,287 |
|
|
$ |
11,245,500 |
|
|
|
1,588,901 |
|
|
$ |
38,949,491 |
|
Distributions reinvested |
|
|
44,116 |
|
|
|
1,045,482 |
|
|
|
12,770 |
|
|
|
311,734 |
|
Share Repurchases |
|
|
(301,551 |
) |
|
|
(7,130,013 |
) |
|
|
(3,084 |
) |
|
|
(76,445 |
) |
Net Increase (Decrease) |
|
|
215,852 |
|
|
$ |
5,160,969 |
|
|
|
1,598,587 |
|
|
$ |
39,184,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class D |
|
|
|
|
|
|
|
|
|
|
|
|
Subscriptions |
|
|
3,427 |
|
|
$ |
81,500 |
|
|
|
73,237 |
|
|
$ |
1,789,250 |
|
Distributions reinvested |
|
|
3,543 |
|
|
|
83,983 |
|
|
|
752 |
|
|
|
18,291 |
|
Share transfers between classes |
|
|
(2,067 |
) |
|
|
(49,059 |
) |
|
|
— |
|
|
|
— |
|
Net Increase (Decrease) |
|
|
4,903 |
|
|
$ |
116,424 |
|
|
|
73,989 |
|
|
$ |
1,807,541 |
|
|
| Schedule of Net Asset Value Per Share |
The following table presents our monthly NAV per share for each of the three classes of shares since our inception through June 30, 2026. 7. Stockholders’ Equity and Dividends (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAV per Share |
|
For the Month Ended |
|
Institutional Class |
|
|
Class S |
|
|
Class D |
|
June 30, 2022 |
|
$ |
23.49 |
|
|
N/A |
|
|
N/A |
|
July 31, 2022 |
|
|
24.40 |
|
|
N/A |
|
|
N/A |
|
August 31, 2022 |
|
|
24.86 |
|
|
N/A |
|
|
N/A |
|
September 30, 2022 |
|
|
23.74 |
|
|
N/A |
|
|
N/A |
|
October 31, 2022 |
|
|
23.89 |
|
|
N/A |
|
|
N/A |
|
November 30, 2022 |
|
|
23.93 |
|
|
N/A |
|
|
N/A |
|
December 31, 2022 |
|
|
23.69 |
|
|
N/A |
|
|
N/A |
|
January 31, 2023 |
|
|
24.28 |
|
|
N/A |
|
|
N/A |
|
February 28, 2023 |
|
|
24.25 |
|
|
N/A |
|
|
N/A |
|
March 31, 2023 |
|
|
24.23 |
|
|
N/A |
|
|
N/A |
|
April 30, 2023 |
|
|
24.38 |
|
|
N/A |
|
|
N/A |
|
May 31, 2023 |
|
|
24.05 |
|
|
N/A |
|
|
N/A |
|
June 30, 2023 |
|
|
24.49 |
|
|
N/A |
|
|
N/A |
|
July 31, 2023 |
|
|
24.73 |
|
|
N/A |
|
|
N/A |
|
August 31, 2023 |
|
|
24.85 |
|
|
N/A |
|
|
N/A |
|
September 30, 2023 |
|
|
24.99 |
|
|
N/A |
|
|
N/A |
|
October 31, 2023 |
|
|
24.70 |
|
|
N/A |
|
|
N/A |
|
November 30, 2023 |
|
|
24.87 |
|
|
N/A |
|
|
N/A |
|
December 31, 2023 |
|
|
24.85 |
|
|
N/A |
|
|
N/A |
|
January 31, 2024 |
|
|
24.92 |
|
|
N/A |
|
|
N/A |
|
February 29, 2024 |
|
|
24.93 |
|
|
N/A |
|
|
N/A |
|
March 31, 2024 |
|
|
24.98 |
|
|
N/A |
|
|
N/A |
|
April 30, 2024 |
|
|
24.93 |
|
|
N/A |
|
|
N/A |
|
May 31, 2024 |
|
|
24.95 |
|
|
N/A |
|
|
N/A |
|
June 30, 2024 |
|
|
24.84 |
|
|
|
24.84 |
|
|
N/A |
|
July 31, 2024 |
|
|
24.75 |
|
|
|
24.75 |
|
|
N/A |
|
August 31, 2024 |
|
|
24.79 |
|
|
|
24.79 |
|
|
|
24.79 |
|
September 30, 2024 |
|
|
24.77 |
|
|
|
24.77 |
|
|
|
24.77 |
|
October 31, 2024 |
|
|
24.83 |
|
|
|
24.83 |
|
|
|
24.83 |
|
November 30, 2024 |
|
|
24.84 |
|
|
|
24.84 |
|
|
|
24.84 |
|
December 31, 2024 |
|
|
24.79 |
|
|
|
24.79 |
|
|
|
24.79 |
|
January 31, 2025 |
|
|
24.77 |
|
|
|
24.77 |
|
|
|
24.77 |
|
February 28, 2025 |
|
|
24.64 |
|
|
|
24.64 |
|
|
|
24.64 |
|
March 31, 2025 |
|
|
24.42 |
|
|
|
24.42 |
|
|
|
24.42 |
|
April 30, 2025 |
|
|
24.11 |
|
|
|
24.11 |
|
|
|
24.11 |
|
May 31, 2025 |
|
|
24.27 |
|
|
|
24.27 |
|
|
|
24.27 |
|
June 30, 2025 |
|
|
24.24 |
|
|
|
24.24 |
|
|
|
24.24 |
|
July 31, 2025 |
|
|
24.22 |
|
|
|
24.22 |
|
|
|
24.22 |
|
August 31, 2025 |
|
|
24.20 |
|
|
|
24.20 |
|
|
|
24.20 |
|
September 30, 2025 |
|
|
24.07 |
|
|
|
24.07 |
|
|
|
24.07 |
|
October 31, 2025 |
|
|
23.99 |
|
|
|
23.99 |
|
|
|
23.99 |
|
November 30, 2025 |
|
|
23.98 |
|
|
|
23.98 |
|
|
|
23.98 |
|
December 31, 2025 |
|
|
23.95 |
|
|
|
23.95 |
|
|
|
23.95 |
|
January 31, 2026 |
|
|
23.90 |
|
|
|
23.90 |
|
|
|
23.90 |
|
February 28, 2026 |
|
|
23.53 |
|
|
|
23.53 |
|
|
|
23.53 |
|
March 31, 2026 |
|
|
23.52 |
|
|
|
23.52 |
|
|
|
23.52 |
|
April 30, 2026 |
|
|
23.65 |
|
|
|
23.65 |
|
|
|
23.65 |
|
May 31, 2026 |
|
|
23.65 |
|
|
|
23.65 |
|
|
|
23.65 |
|
June 30, 2026 |
|
|
23.49 |
|
|
|
23.49 |
|
|
|
23.49 |
|
|
| Summary of Dividends Declared and Paid |
The following tables present the sources of cash distributions on a GAAP basis that the Fund has declared on its common shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended June 30, 2026 |
|
|
|
Institutional Class |
|
|
Class S |
|
|
Class D |
|
Source of Distribution |
|
Per Share |
|
|
Amount |
|
|
Per Share |
|
|
Amount |
|
|
Per Share |
|
|
Amount |
|
Net investment income |
|
$ |
1.15 |
|
|
$ |
73,115,548 |
|
|
$ |
1.05 |
|
|
$ |
5,169,962 |
|
|
$ |
1.12 |
|
|
$ |
107,924 |
|
Net realized gains |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
1.15 |
|
|
$ |
73,115,548 |
|
|
$ |
1.05 |
|
|
$ |
5,169,962 |
|
|
$ |
1.12 |
|
|
$ |
107,924 |
|
7. Stockholders’ Equity and Dividends (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended June 30, 2025 |
|
|
|
Institutional Class |
|
|
Class S |
|
|
Class D |
|
Source of Distribution |
|
Per Share |
|
|
Amount |
|
|
Per Share |
|
|
Amount |
|
|
Per Share |
|
|
Amount |
|
Net investment income |
|
$ |
1.06 |
|
|
$ |
31,455,532 |
|
|
$ |
0.95 |
|
|
$ |
2,612,570 |
|
|
$ |
1.03 |
|
|
$ |
161,503 |
|
Net realized gains |
|
|
0.32 |
|
|
|
9,721,418 |
|
|
|
0.32 |
|
|
|
898,503 |
|
|
|
0.32 |
|
|
|
51,590 |
|
Total |
|
$ |
1.38 |
|
|
$ |
41,176,950 |
|
|
$ |
1.28 |
|
|
$ |
3,511,073 |
|
|
$ |
1.35 |
|
|
$ |
213,093 |
|
|
| Institutional Class |
|
| Class of Stock [Line Items] |
|
| Summary of Dividends Declared and Paid |
The following tables summarize the Fund's dividends declared for the Institutional Class shares for the six months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date Declared |
|
Record Date |
|
Payment Date |
|
Type |
|
Amount Per Share |
|
|
Total Amount |
|
January 24, 2025 |
|
January 30, 2025 |
|
February 26, 2025 |
|
Regular |
|
$ |
0.2300 |
|
|
$ |
5,923,347 |
|
February 25, 2025 |
|
February 27, 2025 |
|
March 27, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
6,249,265 |
|
March 24, 2025 |
|
March 28, 2025 |
|
April 28, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
6,588,559 |
|
April 24, 2025 |
|
April 29, 2025 |
|
May 28, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
7,190,565 |
|
May 23, 2025 |
|
May 29, 2025 |
|
June 26, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
7,422,523 |
|
June 26, 2025 |
|
June 27, 2025 |
|
July 29, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
7,802,691 |
|
|
|
|
|
|
|
|
|
$ |
1.3800 |
|
|
$ |
41,176,950 |
|
January 26, 2026 |
|
January 29, 2026 |
|
February 25, 2026 |
|
Regular |
|
$ |
0.1956 |
|
|
$ |
12,008,822 |
|
February 24, 2026 |
|
February 26, 2026 |
|
March 27, 2026 |
|
Regular |
|
|
0.1951 |
|
|
|
12,384,535 |
|
March 25, 2026 |
|
March 30, 2026 |
|
April 28, 2026 |
|
Regular |
|
|
0.1922 |
|
|
|
12,554,379 |
|
April 29, 2026 |
|
April 29, 2026 |
|
May 27, 2026 |
|
Regular |
|
|
0.1921 |
|
|
|
12,230,846 |
|
May 21, 2026 |
|
May 28, 2026 |
|
June 26, 2026 |
|
Regular |
|
|
0.1931 |
|
|
|
12,406,751 |
|
June 23, 2026 |
|
June 29, 2026 |
|
July 29, 2026 |
|
Regular |
|
|
0.1784 |
|
|
|
11,530,214 |
|
|
|
|
|
|
|
|
|
$ |
1.1465 |
|
|
$ |
73,115,548 |
|
|
| Class S |
|
| Class of Stock [Line Items] |
|
| Summary of Dividends Declared and Paid |
The following table summarizes the Fund's dividends declared for the Class S shares for the six months ended June 30, 2026 and 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date Declared |
|
Record Date |
|
Payment Date |
|
Type |
|
Gross Amount
Per Share |
|
|
Amount Per Share Net of Shareholder Servicing
and/or Distribution Fees |
|
|
Gross
Amount |
|
|
Net
Amount |
|
January 24, 2025 |
|
January 30, 2025 |
|
February 26, 2025 |
|
Regular |
|
$ |
0.2300 |
|
|
$ |
0.2124 |
|
|
$ |
472,537 |
|
|
$ |
436,377 |
|
February 25, 2025 |
|
February 27, 2025 |
|
March 27, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2125 |
|
|
|
527,138 |
|
|
|
487,029 |
|
March 24, 2025 |
|
March 28, 2025 |
|
April 28, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2125 |
|
|
|
599,042 |
|
|
|
553,463 |
|
April 24, 2025 |
|
April 29, 2025 |
|
May 28, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2127 |
|
|
|
683,484 |
|
|
|
632,083 |
|
May 23, 2025 |
|
May 29, 2025 |
|
June 26, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2129 |
|
|
|
731,457 |
|
|
|
677,139 |
|
June 26, 2025 |
|
June 27, 2025 |
|
July 29, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2128 |
|
|
|
783,555 |
|
|
|
724,982 |
|
|
|
|
|
|
|
|
|
$ |
1.3800 |
|
|
$ |
1.2758 |
|
|
$ |
3,797,213 |
|
|
$ |
3,511,074 |
|
January 26, 2026 |
|
January 29, 2026 |
|
February 25, 2026 |
|
Regular |
|
$ |
0.1956 |
|
|
$ |
0.1786 |
|
|
$ |
937,564 |
|
|
$ |
856,245 |
|
February 24, 2026 |
|
February 26, 2026 |
|
March 27, 2026 |
|
Regular |
|
|
0.1951 |
|
|
|
0.1782 |
|
|
|
963,373 |
|
|
|
879,794 |
|
March 25, 2026 |
|
March 30, 2026 |
|
April 28, 2026 |
|
Regular |
|
|
0.1922 |
|
|
|
0.1755 |
|
|
|
967,310 |
|
|
|
883,414 |
|
April 29, 2026 |
|
April 29, 2026 |
|
May 27, 2026 |
|
Regular |
|
|
0.1921 |
|
|
|
0.1754 |
|
|
|
949,261 |
|
|
|
866,922 |
|
May 21, 2026 |
|
May 28, 2026 |
|
June 26, 2026 |
|
Regular |
|
|
0.1931 |
|
|
|
0.1763 |
|
|
|
958,874 |
|
|
|
875,689 |
|
June 23, 2026 |
|
June 29, 2026 |
|
July 29, 2026 |
|
Regular |
|
|
0.1784 |
|
|
|
0.1616 |
|
|
|
891,640 |
|
|
|
807,897 |
|
|
|
|
|
|
|
|
|
$ |
1.1465 |
|
|
$ |
1.0458 |
|
|
$ |
5,668,024 |
|
|
$ |
5,169,962 |
|
|
| Class D |
|
| Class of Stock [Line Items] |
|
| Summary of Dividends Declared and Paid |
The following table summarizes the Fund's dividends declared for the Class D shares for the six months ended June 30, 2026 and 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date Declared |
|
Record Date |
|
Payment Date |
|
Type |
|
Gross Amount
Per Share |
|
|
Amount Per Share Net of Shareholder Servicing
and/or Distribution Fees |
|
|
Gross
Amount |
|
|
Net
Amount |
|
January 24, 2025 |
|
January 30, 2025 |
|
February 26, 2025 |
|
Regular |
|
$ |
0.2300 |
|
|
$ |
0.2248 |
|
|
$ |
30,170 |
|
|
$ |
29,488 |
|
February 25, 2025 |
|
February 27, 2025 |
|
March 27, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2248 |
|
|
|
32,328 |
|
|
|
31,597 |
|
March 24, 2025 |
|
March 28, 2025 |
|
April 28, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2249 |
|
|
|
34,059 |
|
|
|
33,304 |
|
April 24, 2025 |
|
April 29, 2025 |
|
May 28, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2249 |
|
|
|
37,499 |
|
|
|
36,670 |
|
May 23, 2025 |
|
May 29, 2025 |
|
June 26, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2250 |
|
|
|
37,558 |
|
|
|
36,737 |
|
June 26, 2025 |
|
June 27, 2025 |
|
July 29, 2025 |
|
Regular |
|
|
0.2300 |
|
|
|
0.2249 |
|
|
|
46,315 |
|
|
|
45,297 |
|
|
|
|
|
|
|
|
|
$ |
1.3800 |
|
|
$ |
1.3493 |
|
|
$ |
217,930 |
|
|
$ |
213,093 |
|
January 26, 2026 |
|
January 29, 2026 |
|
February 25, 2026 |
|
Regular |
|
$ |
0.1956 |
|
|
$ |
0.1906 |
|
|
$ |
18,544 |
|
|
$ |
18,071 |
|
February 24, 2026 |
|
February 26, 2026 |
|
March 27, 2026 |
|
Regular |
|
|
0.1951 |
|
|
|
0.1901 |
|
|
|
18,656 |
|
|
|
18,180 |
|
March 25, 2026 |
|
March 30, 2026 |
|
April 28, 2026 |
|
Regular |
|
|
0.1922 |
|
|
|
0.1873 |
|
|
|
18,546 |
|
|
|
18,073 |
|
April 29, 2026 |
|
April 29, 2026 |
|
May 27, 2026 |
|
Regular |
|
|
0.1921 |
|
|
|
0.1872 |
|
|
|
18,650 |
|
|
|
18,175 |
|
May 21, 2026 |
|
May 28, 2026 |
|
June 26, 2026 |
|
Regular |
|
|
0.1931 |
|
|
|
0.1882 |
|
|
|
18,862 |
|
|
|
18,381 |
|
June 23, 2026 |
|
June 29, 2026 |
|
July 29, 2026 |
|
Regular |
|
|
0.1784 |
|
|
|
0.1735 |
|
|
|
17,528 |
|
|
|
17,044 |
|
|
|
|
|
|
|
|
|
$ |
1.1465 |
|
|
$ |
1.1169 |
|
|
$ |
110,787 |
|
|
$ |
107,924 |
|
|