The following presents financial highlights for the six months ended June 30, 2026, and June 30, 2025 (in thousands except share and per share information): | | | | | | | | | | Six Months Ended June 30, 2026 | | Net asset value, beginning of year/period | $ | 10.24 | | | | Results of operations: | | | | Net investment income | 0.50 | | | | Net realized gains (losses) and unrealized appreciation (depreciation) | 0.01 | | | | Net increase (decrease) in net assets resulting from operations | 0.51 | | | | | | | Net decrease in net assets resulting from distributions | (0.51) | | | | Net asset value, end of year/period | $ | 10.24 | | | | | | | Shares outstanding, end of year/period | 6,107,167 | | | Weighted average Shares outstanding | 6,054,150 | | | | Total return | 5.0 | % | |
| | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | | | | | Ratio/Supplemental Data: | | | | | Net assets, end of year/period | $ | 62,566 | | | $ | 59,196 | | Ratio of total expenses to average net assets | 20.8 | % | | 10.2 | % | Ratio of net investment income to average net assets | 9.9 | % | | 8.1 | % | Ratio of interest and credit facility expenses to average net assets(2) | 8.5 | % | | 3.1 | % | Portfolio turnover rate(1) | 9.9 | % | | 11.4 | % | Asset coverage ratio (2) | 179.3 | % | | 348.4 | % |
(1)Portfolio turnover rate is calculated using the lesser of year-to-date cash sales/repayments or year-to-date cash purchases over the average of the total investments at fair value. (2)The calculation is based on outstanding debt of $77.6 million and $23.6 million as of June 30, 2026 and June 30, 2025, respectively.
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