| Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method |
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For the Three Months
Ended June 30, 2026 |
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For the Six Months
Ended June 30, 2026 |
|
Net loss available to common shareholders |
|
$ |
(1,887 |
) |
|
$ |
(4,847 |
) |
Management fees |
|
|
2,711 |
|
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|
4,884 |
|
Performance participation allocation |
|
|
4,222 |
|
|
|
8,290 |
|
Gross distributions declared on common shares(1) |
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|
(25,762 |
) |
|
|
(47,580 |
) |
Undistributed deficit |
|
$ |
(20,716 |
) |
|
$ |
(39,253 |
) |
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For the Three Months Ended June 30, 2026 |
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Class S |
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Class F-S |
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Class I |
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Class F-I |
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Class E |
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Total |
|
Undistributed deficit |
|
$ |
(5,720 |
) |
|
$ |
(5,590 |
) |
|
$ |
(3,255 |
) |
|
$ |
(3,601 |
) |
|
$ |
(2,550 |
) |
|
$ |
(20,716 |
) |
Management fees |
|
|
(1,223 |
) |
|
|
(481 |
) |
|
|
(698 |
) |
|
|
(309 |
) |
|
|
— |
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|
|
(2,711 |
) |
Performance participation allocation |
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|
(1,274 |
) |
|
|
(1,351 |
) |
|
|
(728 |
) |
|
|
(869 |
) |
|
|
— |
|
|
|
(4,222 |
) |
Gross distributions declared on common shares(1) |
|
|
6,542 |
|
|
|
7,054 |
|
|
|
3,731 |
|
|
|
4,543 |
|
|
|
3,892 |
|
|
|
25,762 |
|
Net income (loss) available to common shareholders: |
|
$ |
(1,675 |
) |
|
$ |
(368 |
) |
|
$ |
(950 |
) |
|
$ |
(236 |
) |
|
$ |
1,342 |
|
|
$ |
(1,887 |
) |
Weighted-average shares outstanding |
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|
18,755,626 |
|
|
|
18,331,843 |
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|
|
10,673,330 |
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|
|
11,808,352 |
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|
|
8,362,309 |
|
|
|
67,931,460 |
|
Net income (loss) per common share, basic and diluted |
|
$ |
(0.09 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.02 |
) |
|
$ |
0.16 |
|
|
$ |
(0.03 |
) |
(1)Includes shareholder servicing fees paid or payable during the period.
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For the Six Months Ended June 30, 2026 |
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Class S |
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Class F-S |
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Class I |
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Class F-I |
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Class E |
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Total |
|
Undistributed deficit |
|
$ |
(10,084 |
) |
|
$ |
(11,456 |
) |
|
$ |
(5,918 |
) |
|
$ |
(7,087 |
) |
|
$ |
(4,707 |
) |
|
$ |
(39,253 |
) |
Management fees |
|
|
(2,102 |
) |
|
|
(959 |
) |
|
|
(1,229 |
) |
|
|
(594 |
) |
|
|
— |
|
|
|
(4,884 |
) |
Performance participation allocation |
|
|
(2,326 |
) |
|
|
(2,843 |
) |
|
|
(1,362 |
) |
|
|
(1,759 |
) |
|
|
— |
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|
|
(8,290 |
) |
Gross distributions declared on common shares(1) |
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|
11,233 |
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|
|
14,066 |
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|
6,571 |
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|
8,709 |
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|
|
7,001 |
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|
47,580 |
|
Net income (loss) available to common shareholders: |
|
$ |
(3,279 |
) |
|
$ |
(1,192 |
) |
|
$ |
(1,938 |
) |
|
$ |
(731 |
) |
|
$ |
2,294 |
|
|
$ |
(4,847 |
) |
Weighted-average shares outstanding |
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|
16,170,659 |
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|
|
18,370,123 |
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|
|
9,490,378 |
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|
|
11,364,866 |
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|
7,547,863 |
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|
62,943,889 |
|
Net income (loss) per common share, basic and diluted |
|
$ |
(0.20 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.20 |
) |
|
$ |
(0.06 |
) |
|
$ |
0.30 |
|
|
$ |
(0.08 |
) |
(1)Includes shareholder servicing fees paid or payable during the period.
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| Reconciliation of Basic Earnings Per Share to Diluted Earnings Per Share for Class E Shares |
Below is a reconciliation of basic earnings per share to diluted earnings per share for Class E shares:
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For the Three Months Ended June 30, 2026 |
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Basic Earnings per Share |
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Dilution Effect |
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Diluted Earnings per Share |
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Net income (loss): |
$ |
1,342 |
|
|
$ |
(8 |
) |
|
$ |
1,334 |
|
Weighted-average shares outstanding |
|
8,362,309 |
|
|
|
191,649 |
|
|
|
8,553,958 |
|
Net income (loss) per common share, basic and diluted |
$ |
0.16 |
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|
$ |
(0.04 |
) |
|
$ |
0.16 |
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For the Six Months Ended June 30, 2026 |
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Basic Earnings per Share |
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Dilution Effect |
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Diluted Earnings per Share |
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Net income (loss): |
$ |
2,294 |
|
|
$ |
(9 |
) |
|
$ |
2,285 |
|
Weighted-average shares outstanding |
|
7,547,863 |
|
|
|
108,324 |
|
|
|
7,656,187 |
|
Net income (loss) per common share, basic and diluted |
$ |
0.30 |
|
|
$ |
(0.08 |
) |
|
$ |
0.30 |
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