Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2026

The following is a schedule of financial highlights for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Per Share Operating Performance:
Net asset value per share at beginning of period	$	6.63		$	9.83		$	7.65		$	10.21
Net investment income (loss)(1)		(0.09	)		0.18			0.02			0.36
Net realized loss, net of taxes(1)		(0.36	)		(0.02	)		(0.35	)		(0.02	)
Net unrealized depreciation on investments, net of deferred taxes(1)		(0.69	)		(0.17	)		(1.77	)		(0.55	)
Loss on extinguishment of debt(1)		(0.02	)		—			(0.02	)		—
Total net loss from operations(1)		(1.16	)		(0.01	)		(2.12	)		(0.21	)
Distributions(2)		(0.03	)		(0.18	)		(0.08	)		(0.36	)
Repurchase of common stock(1)(3)		(0.01	)		—			(0.02	)		—
Net asset value per share at end of period	$	5.43		$	9.64		$	5.43		$	9.64
Total return based on net asset value(4)(5)		(17.6	)%		(0.1	)%		(28.1	)%		(2.1	)%
Shares outstanding at end of period		1,474,525			1,576,962			1,474,525			1,576,962
Weighted average shares outstanding		1,489,857			1,617,709			1,497,856			1,639,571
Ratio/Supplemental Data
Average net asset value(6)	$	8,946,139		$	15,560,375		$	9,803,764		$	16,037,251
Net asset value at end of period	$	8,013,694		$	15,195,242		$	8,013,694		$	15,195,242
Net investment income (loss)	$	(127,159	)	$	289,968		$	24,738		$	588,584
Ratio of net operating expenses to average net assets(7)		36.2	%		24.8	%		31.5	%		23.6	%
Ratio of net operating expenses and loss on extinguishment of debt to average net assets(9)		36.5	%		24.8	%		31.7	%		23.6	%
Ratio of net investment income (loss) to average net assets(7)		(5.7	)%		7.5	%		0.5	%		7.3	%
Ratio of loss on extinguishment of debt to average net assets(5)		0.3	%		0.0	%		0.3	%		0.0	%
Portfolio turnover(8)		0.3	%		2.9	%		0.7	%		4.7	%

(1)

Calculated on the average share method.

(2)

The per share data for distributions is the actual amount of distributions declared per share during the period. The determination of the tax attributes of the Company’s distributions is made annually as of the end of its fiscal year based upon its estimated ICTI for the full year and distributions paid for the full year.

(3)

The repurchase of common stock on a per share basis reflects the incremental net asset value change as a result of the retirement of shares from the Company’s repurchases of common stock, the dilutive or anti-dilutive impact from significant changes in weighted-average shares outstanding during the period, and the difference between the per share amount distributed to common stockholders of record and the per share amount distributed based on the weighted-average shares of common stock outstanding during the applicable period.

(4)

Calculated as ending net asset value less beginning net asset value, adjusting for cumulative monthly distributions reinvested at the Company’s quarter-end net asset value.

(5)

Not annualized.

(6)

Based on the average of the net asset value at the beginning and end of the indicated period and, if applicable, the preceding calendar quarters.

(7)

Annualized.

(8)

Portfolio turnover rate is calculated using the lesser of period-to-date sales, portfolio investment distributions and principal payments or period-to-date purchases over the average of the total investments at fair value.

(9)

Calculated as total expenses (annualized) plus the loss on extinguishment of debt, divided by average net assets.