v3.26.1
Note 10 - Equity
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Equity [Text Block]

10.         Equity

 

As of January 21, 2025, the Company was authorized to issue 1,000,000,000 shares of common stock, $0.001 par value per share, currently classified as Class E shares, Class FA shares, Class A shares, Class T shares, Class D shares, and Class I shares. As of January 21, 2025, the Company was authorized to issue 100,000,000 shares of preferred stock.

 

The Class E shares, Class FA shares, Class A shares, Class T shares, Class D shares, and Class I shares, all of which are collectively referred to herein as shares of common stock, have identical rights and privileges, including identical voting rights, but have differing fees that are payable on a class-specific basis. The per share amount of distributions on Class E shares, Class FA shares, Class A shares, Class T shares, Class D shares, and Class I shares will likely differ because of different class-specific expenses and distribution and stockholder servicing fees for each share class.

 

The following table describes the number of shares of each class of the Company’s common stock authorized and issued and outstanding as of  June 30, 2026 and  December 31, 2025:

 

 

 

As of

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Shares

 

 

Shares Issued

 

 

Shares

 

 

Shares Issued

 

 

 

Authorized

 

 

and Outstanding

 

 

Authorized

 

 

and Outstanding

 

Class E

 

 

50,000,000

 

 

 

966,038

 

 

 

50,000,000

 

 

 

8,000

 

Class FA

 

 

100,000,000

 

 

 

121,068

 

 

 

100,000,000

 

 

 

—

 

Class A

 

 

200,000,000

 

 

 

—

 

 

 

200,000,000

 

 

 

—

 

Class T

 

 

200,000,000

 

 

 

—

 

 

 

200,000,000

 

 

 

—

 

Class D

 

 

200,000,000

 

 

 

—

 

 

 

200,000,000

 

 

 

—

 

Class I

 

 

250,000,000

 

 

 

—

 

 

 

250,000,000

 

 

 

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