| Net Income (Loss) Per Common Share |
Note 9. Net Income (Loss) Per Common Share As of June 30, 2026, there were no dilutive instruments impacting net income per common share, therefore there is no difference between basic and diluted net income per common share. Net income per common share for the three and six months ended June 30, 2026 and 2025, respectively, is computed as follows ($ in thousands, except for share and per share data):
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For the Three Months Ended June 30, 2026 |
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Basic and Diluted: |
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Class E (1) |
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Class F-I |
|
Class F-S |
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Total |
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Net income (loss) |
|
$ |
227 |
|
$ |
3,443 |
|
$ |
1,504 |
|
$ |
5,174 |
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Weighted-average common shares outstanding, (basic and diluted) |
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|
352,425 |
|
|
5,517,345 |
|
|
2,760,647 |
|
|
8,630,417 |
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Basic and Diluted net income (loss) per common share |
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$ |
0.65 |
|
$ |
0.62 |
|
$ |
0.54 |
|
$ |
0.60 |
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For the Six Months Ended June 30, 2026 |
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Basic and Diluted: |
|
Class E (1) |
|
Class F-I |
|
Class F-S |
|
Total |
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Net income (loss) |
|
$ |
501 |
|
$ |
7,152 |
|
$ |
2,426 |
|
$ |
10,079 |
|
Weighted-average common shares outstanding, (basic and diluted) |
|
|
348,370 |
|
|
5,093,226 |
|
|
2,040,076 |
|
|
7,481,672 |
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Basic and Diluted net income (loss) per common share |
|
$ |
1.44 |
|
$ |
1.40 |
|
$ |
1.19 |
|
$ |
1.35 |
|
________________________ See notes below
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For the Three Months Ended June 30, 2025 |
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Basic and Diluted: |
|
Class E (1) |
|
Class F-I |
|
Class F-S |
|
Total |
|
Net income (loss) |
|
$ |
2 |
|
$ |
— |
|
$ |
— |
|
$ |
2 |
|
Weighted-average common shares outstanding, (basic and diluted) |
|
|
100,080 |
|
|
— |
|
|
— |
|
|
100,080 |
|
Basic and Diluted net income (loss) per common share |
|
$ |
0.02 |
|
$ |
— |
|
$ |
— |
|
$ |
0.02 |
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|
|
|
For the Six Months Ended June 30, 2025 |
|
Basic and Diluted: |
|
Class E (1) |
|
Class F-I |
|
Class F-S |
|
Total |
|
Net income (loss) |
|
$ |
2 |
|
$ |
— |
|
$ |
— |
|
$ |
2 |
|
Weighted-average common shares outstanding, (basic and diluted) |
|
|
50,356 |
|
|
— |
|
|
— |
|
|
50,356 |
|
Basic and Diluted net income (loss) per common share |
|
$ |
0.03 |
|
$ |
— |
|
$ |
— |
|
$ |
0.03 |
|
(1)Class E shares include redeemable common shares issued to the Advisors (See Note 7). |