The Company has evaluated the impact of all subsequent events through the date the condensed consolidated financial statements were available for issuance.

In connection with the Company’s continuous private offering, on July 1, 2026, the Company sold an aggregate of 1,873,541.8118 common shares for consideration of approximately $47.5 million to third party investors and one or more officers, trustees, directors or employees of the Company’s investment advisers or their affiliates. The sale consisted of 706,171.2021 of Class F-I shares, 1,143,793.44 of Class F-S shares, and 23,577.17 of Class E shares for total consideration of approximately $17.9 million, $28.8 million and $0.6 million, respectively, net of applicable upfront selling commissions and dealer manager fees.

Additionally, on August 3, 2026, the Company sold an aggregate of 1,060,552.7919 common shares for consideration of approximately $26.9 million to third party investors of the Company. The sale consisted of 302,784.0351 of Class F-I and 757,768.7568 of Class F-S for consideration of approximately $7.7 million and $19.1 million, respectively, net of applicable upfront selling commissions and dealer manager fees. The offer and sale of the shares was exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2) and Rule 506 of Regulation D promulgated thereunder.

Subsequent to June 30, 2026, pursuant to the terms of the applicable subscription agreement related to the Anchor Investment, the Company requested that each Anchor Investor submit a repurchase request related to the remaining 1,015,603.1788 Class F‑I shares held by such Anchor Investors (see Note 6. Equity - Anchor Investors). Following such requests, the Company repurchased the remaining 1,015,603.1788 Class F-I shares from the Anchor Investors for aggregate consideration of approximately $25.7 million, at a price equal to the applicable NAV per Class F‑I share of $25.3481. These repurchases were not subject to the Company's Share Repurchase Plan, including applicable volume limitations or early repurchase deductions. Following the completion of these repurchases, the Anchor Investors no longer held any ownership interest in the Company.

On July 31, 2026, the Company declared distributions for each class of its common shares in the amount per share set forth below:


Actual	Gross Distribution		Shareholder Servicing Fee		Net Distribution
Class F-I Common Shares	$	74,543	$	-	$	74,543
Class E Common and Redeemable Shares	$	1,085,084	$	-	$	1,085,084
Class F-S Common Shares	$	916,449	$	84,945	$	831,504



Per Share	Gross Distribution		Shareholder Servicing Fee		Net Distribution
Class F-I Common Shares	$	0.1927	$	—	$	0.1927
Class E Common and Redeemable Shares	$	0.1927	$	—	$	0.1927
Class F-S Common Shares	$	0.1927	$	0.0178	$	0.1749

On July 22, 2026 BLKM III and BLKM III (TRS-SUB), LLC (“BLKM III TRS”), an indirect wholly owned special-purpose financing subsidiary of the Company, entered into the Fifth Amendment to the Customers Bank Credit Agreement, pursuant to which the maximum aggregate commitment was increased from $360.0 million to $410.0 million.