v3.26.1
EQUITY OFFERINGS AND RELATED EXPENSES (Tables)
6 Months Ended
Jun. 30, 2026
EQUITY OFFERINGS AND RELATED EXPENSES  
Summary of number of common stock shares issued through various equity offerings and pursuant to DRIP

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Organizational

  ​ ​ ​

  ​ ​ ​

Offering

Common Shares

Number of

  ​ ​ ​

Gross

  ​ ​ ​

Expense

  ​ ​ ​

Net

  ​ ​ ​

Price

Type of Common Shares Issuance

  ​ ​ ​

Issuance Date

  ​ ​ ​

Shares

  ​ ​ ​

Proceeds

  ​ ​ ​

Allocation(1)

  ​ ​ ​

Proceeds(2)

  ​ ​ ​

Per Share

Dividend reinvestment

 

January 30, 2026

 

8,262

$

125,577

$

-

$

125,577

$

15.20

Immediate share issuance

February 2, 2026

183,902

2,797,151

11,849

2,809,000

15.21

Share repurchase program

February 26, 2026

(357,092)

(5,431,365)

-

(5,431,365)

15.21

Immediate share issuance

February 27, 2026

1,309

19,916

84

20,000

15.21

Dividend reinvestment

February 27, 2026

7,720

117,425

-

117,425

15.21

Dividend reinvestment

March 31, 2026

7,773

118,229

-

118,229

15.21

Total net (decrease) for the three months ended March 31, 2026

 

 

(148,126)

$

(2,253,067)

$

11,933

$

(2,241,134)

 

  ​

Dividend reinvestment

 

April 30, 2026

 

7,638

$

115,569

$

-

$

115,569

$

15.13

Capital draw down

 

May 1, 2026

 

660,941

10,000,000

-

10,000,000

15.13

Share repurchase program

 

May 1, 2026

 

(390,667)

(5,910,786)

-

(5,910,786)

15.13

Immediate share issuance

 

May 1, 2026

 

4,936

74,684

316

75,000

15.13

Immediate share issuance

 

May 29, 2026

 

23,050

348,522

1,478

350,000

15.12

Dividend reinvestment

 

May 29, 2026

 

6,231

94,339

-

94,339

15.14

Immediate share issuance

 

June 12, 2026

 

46,100

697,037

2,963

700,000

15.12

Capital draw down

 

June 30, 2026

 

330,687

5,000,000

-

5,000,000

15.12

Immediate share issuance

 

June 30, 2026

 

47,747

721,944

3,056

725,000

15.12

Dividend reinvestment

 

June 30, 2026

 

6,272

94,951

-

94,951

15.14

Total net increase for the three months ended June 30, 2026

 

 

742,935

$

11,236,260

$

7,813

$

11,244,073

 

  ​

Total net increase for the six months ended June 30, 2026

 

 

594,809

$

8,983,193

$

19,746

$

9,002,939

 

  ​

(1)Pro rata expense of organizational and offering costs incurred by the Company in connection with the Company’s formation and offerings. The Organizational Expense Allocation represents a reduction to capital commitments to investors subsequent to the initial closing.
(2)Net Proceeds per this equity table will differ from the Consolidated Statements of Assets and Liabilities as of June 30, 2026, in the amount of $1,144,294, which represents a tax reclassification of stockholders’ equity in accordance with U.S. GAAP. This reclassification reduces paid-in capital and increases (decreases) distributable earnings (loss) (by increasing (decreasing) accumulated undistributed net investment income).
Schedule of total shares repurchased

  ​ ​ ​

5% of Shares

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Redemption

Type of Common

Offered

Common Shares

Number of

Percentage of

  ​ ​ ​

Net Repurchase

  ​ ​ ​

Price

Shares Issuance

  ​ ​ ​

for Repurchase

  ​ ​ ​

Redemption Date

  ​ ​ ​

Shares Repurchased

  ​ ​ ​

Shares Repurchased

  ​ ​ ​

Amount

  ​ ​ ​

Per Share

Share repurchase program

469,527

September 19, 2024

373,094

4.0%

5,667,305

15.19

Share repurchase program

469,749

December 31, 2024

132,978

1.4%

1,999,989

15.04

Share repurchase program

535,755

April 2, 2025

22,609

0.2%

342,751

15.16

Share repurchase program

543,666

July 24, 2025

141,270

1.3%

2,160,019

15.29

Share repurchase program

556,353

October 24, 2025

176,879

1.6%

2,697,405

15.25

Share repurchase program

618,571

February 26, 2026

357,092

2.9%

5,431,365

15.21

Share repurchase program

656,070

May 1, 2026

390,667

3.0%

5,910,786

15.13

Total

 

 

 

1,203,922

 

$

18,298,834