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2025-03-27
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2025-12-31
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41126756
10.3
10.4
10
10.3
10.4
<p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:11pt;">The following table sets forth information regarding the Fund’s outstanding senior securities as of the end of each of the Fund’s last ten fiscal years, as applicable.</p><table class="No-Table-Style" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 3pt 0;"> <tr class="No-Table-Style _idGenTableRowColumn-19" style="height:12pt;"> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;width: 27.38%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH_left" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;">Fiscal or Period End</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" colspan="2" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Total Amount <br/>Outstanding <br/>Exclusive <br/>of Treasury <br/>Securities</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" colspan="2" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="bold" style="font-style:normal;font-weight:bold;">Asset Coverage <br/>Per Unit</span><span class="Bold-Superscript" style="font-style:normal;font-weight:bold;vertical-align:super;font-size:58%;">1</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Involuntary <br/>Liquidating <br/>Perference <br/>Per Unit</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Average Market <br/>Value Per Unit <br/>(Exclude Bank <br/>Loans)</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 14.29%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Type of Senior <br/>Security</span></p> </td> </tr> <tr class="No-Table-Style _idGenTableRowColumn-12" style="background: #CCEEFF;height:12pt;"> <td class="No-Table-Style TB _idGenCellOverride-1" style="width: 27.38%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:10pt;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-10pt;widows:1;">June 30, 2026 (Unaudited)<span class="Superscript" style="vertical-align:super;font-size:58%;">2</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:left;">$</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;">65,000,000</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:left;">$</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;">7,514</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-2">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-3">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 14.29%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;">Credit Facility</p> </td> </tr> <tr class="No-Table-Style _idGenTableRowColumn-12" style="height:12pt;"> <td class="No-Table-Style TB" style="width: 27.38%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:10pt;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-10pt;widows:1;">December 31, 2025<span class="Superscript" style="vertical-align:super;font-size:58%;">3</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"> </p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"><span style="-sec-ix-hidden: hidden-fact-4">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"> </p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"><span style="-sec-ix-hidden: hidden-fact-5">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-6">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-7">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 14.29%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;">N/A</p> </td> </tr> </table><p class="Tablefootnote_f" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:14pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:3;margin-left:18pt;text-align:justify;text-indent:-18pt;margin-top:14pt;"><span class="Superscript" style="vertical-align:super;font-size:58%;">1 </span>Calculated by subtracting the Fund’s total liabilities (not including borrowings) from the Fund’s total assets and dividing by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness.</p><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:18pt;margin-right:0;margin-top:6pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-18pt;widows:3;margin-top:0;text-align:justify;margin-top:0pt;"><span class="Superscript" style="vertical-align:super;font-size:58%;">2<span style="width: 20px;display: inline-block;"> </span></span>For the six months ended June 30, 2026 (Unaudited).</p><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:18pt;margin-right:0;margin-top:6pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-18pt;widows:3;margin-top:0;text-align:justify;margin-top:0pt;"><span class="Superscript" style="vertical-align:super;font-size:58%;">3<span style="width: 20px;display: inline-block;"> </span></span>Commencement of operations was March 27, 2025.</p>
<p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:11pt;">The following table sets forth information regarding the Fund’s outstanding senior securities as of the end of each of the Fund’s last ten fiscal years, as applicable.</p><table class="No-Table-Style" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 3pt 0;"> <tr class="No-Table-Style _idGenTableRowColumn-19" style="height:12pt;"> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;width: 27.38%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH_left" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;">Fiscal or Period End</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" colspan="2" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Total Amount <br/>Outstanding <br/>Exclusive <br/>of Treasury <br/>Securities</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" colspan="2" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="bold" style="font-style:normal;font-weight:bold;">Asset Coverage <br/>Per Unit</span><span class="Bold-Superscript" style="font-style:normal;font-weight:bold;vertical-align:super;font-size:58%;">1</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Involuntary <br/>Liquidating <br/>Perference <br/>Per Unit</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Average Market <br/>Value Per Unit <br/>(Exclude Bank <br/>Loans)</span></p> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;border-bottom-width:0pt;padding-left:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TCH" style="border-bottom-style:solid;border-bottom-width:1pt;border-left-width:0pt;border-right-width:0pt;border-top-style:solid;border-top-width:0pt;padding-bottom:4pt;padding-left:3pt;padding-right:3pt;padding-top:2pt;vertical-align:bottom;padding-left:0pt;padding-right:0pt;width: 14.29%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="bottom"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:bold;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:0;"><span class="Bold" style="font-style:normal;font-weight:bold;">Type of Senior <br/>Security</span></p> </td> </tr> <tr class="No-Table-Style _idGenTableRowColumn-12" style="background: #CCEEFF;height:12pt;"> <td class="No-Table-Style TB _idGenCellOverride-1" style="width: 27.38%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:10pt;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-10pt;widows:1;">June 30, 2026 (Unaudited)<span class="Superscript" style="vertical-align:super;font-size:58%;">2</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:left;">$</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;">65,000,000</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:left;">$</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;">7,514</p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-2">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-3">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;border-top-width:0pt;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 14.29%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;">Credit Facility</p> </td> </tr> <tr class="No-Table-Style _idGenTableRowColumn-12" style="height:12pt;"> <td class="No-Table-Style TB" style="width: 27.38%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:10pt;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-10pt;widows:1;">December 31, 2025<span class="Superscript" style="vertical-align:super;font-size:58%;">3</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"> </p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"><span style="-sec-ix-hidden: hidden-fact-4">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.59%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"> </p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 11.51%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;"><span style="-sec-ix-hidden: hidden-fact-5">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-6">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 13.10%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;"><span style="-sec-ix-hidden: hidden-fact-7">N/A</span></p> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 1.19%; padding: 0in 0in 3px 0in;border-width: 0pt;white-space: nowrap;" valign="bottom"> </td> <td class="TB" style="border-bottom-color:#000000;border-bottom-width:0pt;border-left-color:#000000;border-left-width:0pt;border-right-color:#000000;border-right-width:0pt;border-top-color:#000000;border-top-width:0pt;padding-bottom:3pt;padding-left:0pt;padding-right:3pt;padding-top:3pt;vertical-align:bottom;padding-right:0pt;width: 14.29%; padding: 0in 0in 3px 0in;border-width: 0pt;" valign="bottom"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;text-align:center;">N/A</p> </td> </tr> </table><p class="Tablefootnote_f" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:14pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:3;margin-left:18pt;text-align:justify;text-indent:-18pt;margin-top:14pt;"><span class="Superscript" style="vertical-align:super;font-size:58%;">1 </span>Calculated by subtracting the Fund’s total liabilities (not including borrowings) from the Fund’s total assets and dividing by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness.</p><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:18pt;margin-right:0;margin-top:6pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-18pt;widows:3;margin-top:0;text-align:justify;margin-top:0pt;"><span class="Superscript" style="vertical-align:super;font-size:58%;">2<span style="width: 20px;display: inline-block;"> </span></span>For the six months ended June 30, 2026 (Unaudited).</p><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:18pt;margin-right:0;margin-top:6pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:-18pt;widows:3;margin-top:0;text-align:justify;margin-top:0pt;"><span class="Superscript" style="vertical-align:super;font-size:58%;">3<span style="width: 20px;display: inline-block;"> </span></span>Commencement of operations was March 27, 2025.</p>
65000000
7514
<p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:10pt;margin-top:10pt;">The Fund’s investment objective is to seek to provide current income and long<span class="nobreak">-term</span> capital appreciation. Under normal market conditions, the Fund attempts to achieve its investment objective by investing, as a principal strategy, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in ABF Investments (as defined below), throughout the world, including the United States, or “U.S.” (the “80% Policy”). More specifically, the Fund seeks to achieve its investment by investing primarily in a diverse portfolio of asset<span class="nobreak">-backed</span> finance investments across a broad range of industries focused on pools of contractual assets, including, but not limited to, loans, leases, mortgages, or other receivables (collectively, “ABF Investments”). In seeking to achieve its investment objective, the Fund may, among other things, (i) buy or commit to purchase ABF Investments, (ii) make loans secured by ABF Investments in a senior or mezzanine position, (iii) insure or provide capital relief against ABF Investments, and (iv) provide essential capital to enterprises whose primary business is origination/management of ABF Investments.</p>
<p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:10pt;margin-top:10pt;">As part of the 80% Policy, the Fund may also invest a portion of its assets in other income<span class="nobreak">-generating</span> instruments including, but not limited to, stressed and distressed securities, notes, bills, debentures, bank loans, convertible and preferred securities and government and municipal obligations. The Fund may change the 80% Policy without Shareholder approval upon at least 60 days’ prior written notice to Shareholders.</p>
Credit Facility
125000000
<p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:11pt;">According to terms of the Credit Facility agreement, the Fund is required to comply with various covenants, reporting requirements and other customary requirements for similar revolving credit facilities, including, without limitation, covenants related to maintaining a ratio of total assets (less total liabilities other than senior securities representing indebtedness) to senior securities representing indebtedness of the Fund of not less than 300%. These covenants are subject to important limitations and exceptions that are described in the documents governing the Credit Facility. As of June<span class="nobreak"> </span>30, 2026, the Fund was in compliance with the terms of the Credit Facility.</p>
<p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:11pt;">The Fund’s Charter and Bylaws and the laws of the State of Maryland (the “Charter”) authorizes the Fund to issue up to 1,000,000,000<span class="nobreak"> </span>shares of common stock, $0.001 par value per share. The common stock consists of 250,000,000<span class="nobreak"> </span>shares of undesignated common stock and 750,000,000<span class="nobreak"> </span>shares classified and designated as follows: (i) 250,000,000 of which have been classified and designated as Class A Shares, (ii) 250,000,000 of which have been classified and designated as Class I Shares, and (iii) 250,000,000 of which have been classified and designated as Class U Shares (collectively “Shares” and respectively, “Class A Shares,” “Class I Shares,” and “Class U Shares”). As of June<span class="nobreak"> </span>30, 2026, Oaktree Fund GP I, L.P., a wholly<span class="nobreak">-owned</span> subsidiary of the Adviser, owns 10% of the outstanding Class I Shares of the Fund. The Board of Directors may, without any action by the Shareholders, amend the Charter from time to time to increase or decrease the aggregate number of shares of stock or the number of shares of stock of any class or series that the Fund has authority to issue under the Charter and the 1940 Act. In addition, the Charter authorizes the Board of Directors, without any action by the Shareholders, to classify and reclassify any unissued common stock and preferred stock into other classes or series of stock from time to time by setting or changing the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption for each class or series. Although the Fund has no present intention of doing so, the Fund could issue a class or series of stock that could delay, defer or prevent a transaction or a change in control of the Fund that might otherwise be in the Shareholders’ best interests. Under Maryland law, shareholders generally are not liable for the Fund’s debts or obligations. </p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:11pt;">The Shares offered pursuant to the Fund’s Registration Statement on Form N<span class="nobreak">-2</span> will be, upon issuance, duly authorized, fully paid and nonassessable. Holders of shares of common stock are entitled to receive distributions when authorized by the Board of Directors and declared by the Fund out of assets legally available for the payment of distributions. Holders of common stock have no preference, conversion, exchange, sinking fund, redemption or appraisal rights and have no preemptive rights to subscribe for any of the Fund’s securities. All shares of common stock have equal distribution, liquidation and other rights. The Fund offers multiple classes of common stock, which may be subject to differing fees and expenses. Distributions may vary among the classes as a result of the different fee structure of the classes.</p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Arial MT Std, sans-serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:11pt;">Oaktree and/or its affiliates purchased an additional 1,144,583.446<span class="nobreak"> </span>shares on behalf of all shareholders of record as of the close of business on January<span class="nobreak"> </span>5, 2026. The transaction was executed as a special distribution of shares, representing approximately 4% of net asset value.</p>
common stock
Class A Shares
Class I Shares
Class U Shares
preferred stock
Holders of shares of common stock are entitled to receive distributions when authorized by the Board of Directors and declared by the Fund out of assets legally available for the payment of distributions.
All shares of common stock have equal distribution, liquidation and other rights.
N-CSRS
Oaktree Asset-Backed Income Fund Inc.
N-2
0002051511
false