Net Assets |
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| Net Assets | 7. Net Assets
Common Stock Issuances
During the six months ended June 30, 2026, the Company had the following Common Stock issuances (exclusive of shares of Common Stock issued under the DRP, as described below):
During the six months ended June 30, 2025, the Company had the following Common Stock issuances (exclusive of shares of Common Stock issued under the DRP, as described below):
Distributions
During the six months ended June 30, 2026, the Company declared the following distribution:
During the six months ended June 30, 2025, the Company declared the following distributions:
Distribution Reinvestment Plan
The Company has adopted the Distribution Reinvestment Plan, pursuant to which it reinvests all cash dividends and other distributions declared by the Board on behalf of stockholders who do not elect to receive their dividends or other distributions in cash. As a result, if the Board authorizes, and the Company declares, a cash dividend or other distribution, then stockholders who have not opted out of the DRP will have their cash dividends or other distributions automatically reinvested in additional shares of Common Stock as described below, rather than receiving the cash dividend or other distribution.
No action is required on the part of a registered stockholder to have his, her or its cash dividend or other distribution reinvested in shares of Common Stock. Stockholders can elect to “opt out” of the DRP in their Subscription Agreement or terminate their participation in the DRP under its terms at a later date. If a stockholder elects to opt out of the DRP, it will receive any cash dividends or other distributions the Company declares in cash.
Shares of Common Stock will be issued to each stockholder who participates in the DRP (i) in the event that the applicable Reference NAV (as defined below) has been approved by the Board (or a committee thereof) prior to the payment date of such cash distribution (the “Payment Date”), on the Payment Date or (ii) otherwise, promptly after the date that the Reference NAV has been approved by the Board (or a committee thereof).
The purchase price for shares of Common Stock purchased under the DRP will be determined by dividing the total dollar amount of the distribution payable to a DRP participant by the NAV per share of the Company’s Common Stock as of the last day of the fiscal quarter immediately preceding the date such distribution was declared (the “Reference NAV”); provided that in the event a distribution is declared on the last day of a fiscal quarter, the Reference NAV shall be deemed to be the NAV per share of the Company’s Common Stock as of such day.
The following table reflects the shares issued under the DRP to participants during the six months ended June 30, 2026:
The following table reflects the shares issued under the DRP to participants during the six months ended June 30, 2025:
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