Financial Highlights

The following information sets forth the Company's financial highlights for the nine months ended September 30, 2026 and September 30, 2025:


	Nine Months Ended
	September 30, 2026			September 30, 2025
Per share data(1):
Net asset value, January 1, 2026 and January 1, 2025, respectively	$	11.52		$	12.55
Net investment income	0.81			0.96
Net realized and unrealized losses	(1.12)			(0.56)
Total net (decrease) increase	(0.31)			0.40
Repurchases of common stock	0.28			0.07
Distributions declared to stockholders from net investment income(2)	(0.82)			(0.96)
Net asset value, September 30, 2026 and September 30, 2025, respectively	$	10.67		$	12.06
Per share market value, September 30, 2026 and September 30, 2025, respectively	$	6.92		$	9.64
Total return based on market value(3)	(16.15)		%	(6.24)		%
Total return based on net asset value(4)	(0.17)		%	3.86		%
Shares outstanding at end of period	94,452,390			104,189,336
Average weighted shares outstanding for the period	96,471,368			107,199,318
Average net assets for the period	$	1,075,132		$	1,329,882
Ratio to average net assets(5):
Net investment income	9.77		%	10.35		%
Total expenses, before waivers/reimbursements	15.00		%	15.62		%
Total expenses, net of waivers/reimbursements	13.89		%	14.72		%
Average debt outstanding—Unsecured Notes	$	811,245		$	990,000
Average debt outstanding—Holdings Credit Facility	398,377			285,184
Average debt outstanding—SBA-guaranteed debentures	169,667			263,319
Average debt outstanding—NMFC Credit Facility(6)	58,155			29,879
Average debt outstanding—2022 Convertible Notes(7)	—			259,022
Asset coverage ratio(8)	184.03		%	179.09		%
Portfolio turnover	8.39		%	12.18		%

(1)Per share data is based on weighted average shares outstanding for the respective period (except for distributions declared to stockholders, which is based on actual rate per share).

(2)The specific tax characteristics of the Company’s distributions will be reported to stockholders after the end of the calendar year.

(3)Total return is calculated assuming a purchase of common stock at the opening of the first day of the year and a sale on the closing of the last business day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at prices obtained under the Company’s dividend reinvestment plan. Total return does not reflect sales load.

(4)Total return is calculated assuming a purchase at net asset value on the opening of the first day of the year and a sale at net asset value on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at the net asset value on the last day of the respective quarter. Total return does not reflect sales load.

(5)Interim periods are annualized.

(6)Under the NMFC Credit Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of September 30, 2026 and September 30, 2025, the Company had borrowings denominated in EUR of €16,512 and €16,512, respectively, and borrowings denominated in GBP of £8,666 and £8,666, respectively, that have been translated to U.S. dollars.

(7)On October 15, 2025, the Company repaid the outstanding principal on the 2022 Convertible Notes, which matured on October 15, 2025.

(8)On November 5, 2014, the Company received exemptive relief from the SEC allowing the Company to modify the asset coverage requirement to exclude the SBA-guaranteed debentures from this calculation.