Note 8. Net Assets

Issuances of Equity Securities

The issuances of Common Stock were made at a price at least equal to the then-current net asset value, with such calculation carried out consistent with the Company’s Valuation Policy.

Except with respect to shares of Common Stock issued under the DRIP, sales of Common Stock were made pursuant to subscription agreements entered into by the Company and its investors. Each of the sales of Common Stock was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. Under the terms of the subscription agreements, investors are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments on an as-needed basis with a minimum of ten business days’ prior notice to the funding date. As of June 30, 2026, the Company has received capital commitments totaling $1,514.7 million, of which, $226.6 million remains unfunded. As of December 31, 2025, the Company had received capital commitments totaling $1,514.7 million, of which, $251.6 million remained unfunded.

Distributions