Note 11. Financial Highlights The following table presents the schedule of financial highlights of the Company for the nine months ended September 30, 2026 and 2025: | | | | | | | | | | | Nine months | | Nine months | | | | | ended | | ended | | | (In thousands, except shares and per share data) | | September 30, 2026 | | September 30, 2025 | | | Per share data:* | | | | | | | | | Net asset value at beginning of period | | $ | 15.22 | | $ | 15.18 | | | Net investment income (loss) | | | 0.57 | | | 0.35 | | | Net change in realized gain (loss) and unrealized appreciation (depreciation) | | | (0.05) | | | (0.03) | | | Net increase (decrease) in net assets resulting from operations | | | 0.52 | | | 0.32 | | | Issuance of Shares(1) | | | 0.01 | | | (0.02) | | | Distributions declared | | | (0.42) | | | (0.11) | | | Net asset value at end of period | | $ | 15.33 | | $ | 15.37 | | | | | | | | | | | | Shares outstanding at end of period | | | 27,228,432 | | | 17,275,299 | | | Weighted average net assets | | $ | 361,089 | | $ | 212,601 | | | Weighted average shares outstanding | | | 23,039,027 | | | 13,231,111 | | | Total return based on net asset value (2) | | | 3.51 | % | | 1.98 | % | | | | | | | | | | | Supplemental Data/Ratio:* | | | | | | | | | Net assets at end of period | | $ | 417,473 | | $ | 265,592 | | | Ratio of total expenses to average net assets(3) | | | 6.41 | % | | 5.33 | % | | Ratio of net expenses after waivers to average net assets(3) | | | 6.41 | % | | 5.33 | % | | Ratio of net investment income to average net assets(3) | | | 4.88 | % | | 2.89 | % | | Portfolio turnover(3) | | | 39.02 | % | | 10.07 | % | | Average debt per share outstanding | | $ | 3.72 | | $ | 0.15 | | | Average debt outstanding | | $ | 85,696 | | $ | 1,974 | | | Asset coverage ratio | | | 331.93 | % | | 557.92 | % | |
* | The per Share data was derived by using the weighted average Shares outstanding during the applicable period, except for distributions declared, as applicable, which reflects the actual amount per Share for the applicable period. |
| (1) | Adjusted for the difference between certain per share data presented using the shares outstanding as of the period end or transaction date and the weighted average shares outstanding. |
| (2) | Calculated as the change in NAV per share during the respective periods, assuming distributions, if any, are reinvested in accordance with the Company’s DRP. |
| (3) | Financial highlight ratios are annualized. |
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