Net Assets (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Investment Company [Abstract] |
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| Summary of Components of Accumulated Distributable Earnings Loss on Consolidated Statements of Assets and Liabilities |
The following table shows the components of accumulated distributable earnings (loss) as shown on the Consolidated Statements of Assets and Liabilities:
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As of |
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September 30, 2026 |
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December 31, 2025 |
Accumulated distributable earnings (loss), beginning of period |
$ |
(6,889) |
$ |
769 |
Net investment income (loss) after taxes |
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55,632 |
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45,013 |
Net realized gain (loss) |
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(162) |
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(7,092) |
Net change in unrealized appreciation (depreciation) |
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(7,817) |
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(504) |
Distributions declared |
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(51,339) |
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(45,075) |
Accumulated distributable earnings (loss), end of period |
$ |
(10,575) |
$ |
(6,889) |
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| Summary of Common Shares Issued and Aggregate Offering Proceeds |
The following table summarizes the total Common Shares issued and aggregate offering proceeds related to the Company’s capital drawdowns delivered pursuant to the Subscription Agreement as of September 30, 2026.
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($ in thousands, except shares) |
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Number of |
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Aggregate |
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Share Issuance Date |
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Shares Issued |
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Offering Proceeds |
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20-Dec-23 |
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400 |
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$ |
10 |
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7-May-24 |
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7,759,600 |
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193,990 |
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1-Jul-24 |
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411,547 |
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10,258 |
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30-Sep-24 |
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2,964,947 |
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75,000 |
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31-Dec-24 |
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5,986,219 |
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150,000 |
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31-Jan-25(1) |
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96,386 |
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2,432 |
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31-Mar-25 |
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2,021,308 |
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50,000 |
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30-Apr-25(1) |
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75,416 |
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1,871 |
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30-Jun-25 |
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6,842,467 |
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170,000 |
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31-Jul-25(1) |
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90,488 |
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2,265 |
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31-Oct-25(1) |
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136,569 |
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3,416 |
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31-Dec-25 |
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3,225,060 |
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79,669 |
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30-Jan-26(1) |
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151,422 |
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3,755 |
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28-Feb-26 |
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134,462 |
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3,359 |
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30-Apr-26(1) |
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152,678 |
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3,784 |
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30-Jun-26 |
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1,720,552 |
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42,303 |
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31-Jul-26(1) |
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172,265 |
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4,235 |
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Total |
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31,941,786 |
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$ |
796,347 |
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(1)Shares were issued to Shareholders participating in the Company’s DRIP.
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| Summary of Distributions Declared and Payable |
The following table presents distributions to holders of the Company’s Common Shares that were declared and payable for three and nine months ended September 30, 2026:
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Declaration Date |
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Record Date |
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Payment Date |
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Distribution Per Share |
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Distribution Amount |
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March 30, 2026 |
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March 30, 2026 |
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April 30, 2026 |
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$ |
0.52 |
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$ |
15,546 |
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June 29, 2026 |
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June 29, 2026 |
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July 31, 2026 |
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$ |
0.57 |
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$ |
17,128 |
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September 29, 2026 |
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September 29, 2026 |
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October 30, 2026 |
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$ |
0.58 |
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$ |
18,526 |
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Total |
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$ |
1.67 |
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$ |
51,200 |
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For the three and nine months ended September 30, 2026, $46 and $139 of Preferred Shares dividends were accrued by the Company. The following table presents distributions to holders of the Company’s Common Shares that were declared and payable for three and nine months ended September 30, 2025:
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Declaration Date |
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Record Date |
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Payment Date |
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Distribution Per Share |
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Distribution Amount |
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March 28, 2025 |
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March 28, 2025 |
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April 30, 2025 |
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$ |
0.44 |
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$ |
7,576 |
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June 27, 2025 |
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June 27, 2025 |
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July 31, 2025 |
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$ |
0.47 |
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$ |
9,077 |
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September 26, 2025 |
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September 29, 2025 |
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October 31, 2025 |
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$ |
0.52 |
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$ |
13,650 |
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Total |
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$ |
1.43 |
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$ |
30,303 |
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| Summary of Distributed Pursuant to the Company's DRIP |
The following table presents the shares distributed pursuant to the Company’s DRIP for the three and nine months ended September 30, 2026:
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($ in thousands, except shares) |
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Date Declared |
Record Date |
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Payment Date |
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DRIP Shares Issued |
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DRIP Shares Value |
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December 23, 2025 |
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December 29, 2025 |
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January 30, 2026 |
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151,422 |
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$ |
3,755 |
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March 28, 2026 |
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March 28, 2026 |
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April 30, 2026 |
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152,678 |
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$ |
3,784 |
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June 29, 2026 |
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June 29, 2026 |
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July 31, 2026 |
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172,265 |
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$ |
4,236 |
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Total |
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476,365 |
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$ |
11,775 |
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The following table presents the shares distributed pursuant to the Company’s DRIP for the three and nine months ended September 30, 2025:
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($ in thousands, except shares) |
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Declaration Date |
Record Date |
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Payment Date |
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DRIP Shares Issued |
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DRIP Shares Value |
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December 19, 2024 |
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December 30, 2024 |
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January 31, 2025 |
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96,386 |
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$ |
2,432 |
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March 28, 2025 |
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March 28, 2025 |
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April 30, 2025 |
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75,416 |
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$ |
1,871 |
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June 27, 2025 |
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June 27, 2025 |
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July 31, 2025 |
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90,488 |
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$ |
2,265 |
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Total |
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262,290 |
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$ |
6,568 |
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