Note 16. Subsequent Events

The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued.

Subsequent to June 30, 2026 and through August 14, 2026, the Company invested a total of $0.2 million, which included investments in two existing portfolio companies, and received approximately $0.7 million from the repayment of three positions. As of August 14, 2026, the Company had investments in 30 portfolio companies.

In July 2026, the Company formed ICMB Blocker LLC, a wholly owned Taxable Subsidiary treated as a corporation for federal income tax purposes, to hold certain equity investments in portfolio companies treated as pass-through entities and facilitate the Company’s continued qualification as a RIC under the Code.

In August, in order to offset the impact of the Section 851(i) Tax Liabilities pertaining to the 2024 and 2025 tax years, the Adviser has agreed to waive certain current and future management and incentive fees. These include the waiver of an additional $0.6 million of management fees already recognized as of June 30, 2026, $0.2 million of previously earned incentive fees, and $1.1 million future management and incentive fees.