SHAREHOLDERS' CAPITAL (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| SHAREHOLDERS’ CAPITAL [Abstract] |
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| Common Shares Issued and Proceeds Received |
The following table summarizes the total Common
Shares issued and proceeds received from the closings of the Company’s continuous private offerings that occurred for the
nine months ended September 30, 2026.
| Date Received | |
Shares Issued | | |
Proceeds Received | |
| January 2, 2026 | |
| 502,788 | | |
$ | 12,625 | |
| February 2, 2026 | |
| 760,191 | | |
| 19,058 | |
| March 2, 2026 | |
| 1,149,666 | | |
| 28,592 | |
| April 1, 2026 | |
| 377,517 | | |
| 9,336 | |
| May 1, 2026 | |
| 102,024 | | |
| 2,520 | |
| June 1, 2026 | |
| 137,784 | | |
| 3,395 | |
| July 1, 2026 | |
| 263,174 | | |
| 6,503 | |
| August 3, 2026 | |
| 209,520 | | |
| 5,163 | |
| September 1, 2026 | |
| 565,990 | | |
| 13,946 | |
| Total | |
| 4,068,654 | | |
$ | 101,138 | |
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The following table summarizes the total Common
Shares issued and proceeds received from the closings of the Company’s continuous private offerings that occurred for the
nine months ended September 30, 2025.
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| Date Received | |
Shares Issued | | |
Proceeds Received | |
| February 12, 2025 | |
| N/A | (1) | |
$ | 7,500 | |
| February 27, 2025 | |
| N/A | (1) | |
| 14,300 | |
| March 28, 2025 | |
| N/A | (1) | |
| 15,000 | |
| April 30, 2025 | |
| 1,000,801 | | |
| 25,000 | |
| June 30, 2025 | |
| 796,178 | | |
| 20,000 | |
| August 1, 2025 | |
| 318,835 | | |
| 8,003 | |
| September 2, 2025 | |
| 199,203 | | |
| 5,000 | |
| Total | |
| 2,315,017 | | |
$ | 94,803 | |
| (1) | Prior to the Conversion Date, the Company did not issue shares. |
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| Schedule of Dividends Payable |
The following table summarizes the Company’s
distributions declared, paid and payable for the nine months ended September 30, 2026:
| Date Declared | | Record Date | | Payment Date | | Per Share | | | Total Amount | |
| January 23, 2026 | | January 31, 2026 | | February 25, 2026 | | $ | 0.19 | | | $ | 1,060 | |
| February 24, 2026 | | February 28, 2026 | | March 26, 2026 | | | 0.19 | | | | 1,203 | |
| Date Declared | | Record Date | | Payment Date | | Per Share | | | Total Amount | |
| March 23, 2026 | | March 31, 2026 | | April 29, 2026 | | $ | 0.19 | | | $ | 1,423 | |
| April 20, 2026 | | April 30, 2026 | | May 29, 2026 | | | 0.19 | | | | 1,495 | |
| May 26, 2026 | | May 31, 2026 | | June 26, 2026 | | | 0.19 | | | | 1,516 | |
| June 23, 2026 | | June 30, 2026 | | July 28, 2026 | | | 0.19 | | | | 1,544 | |
| July 21, 2026 | | July 31, 2026 | | August 27, 2026 | | | 0.19 | | | | 1,595 | |
| August 24, 2026 | | August 31, 2026 | | September 28, 2026 | | | 0.19 | | | | 1,636 | |
| September 21, 2026 | | September 30, 2026 | | October 29, 2026 | | | 0.19 | | | | 1,746 | |
| Total | | | | | | | | | | $ | 13,218 | |
The following table summarizes the Company’s distributions
declared and paid for the nine months ended September 30, 2025:
| Date Declared | | Record Date | | Payment Date | | Per Share | | | Total Amount | |
| March 28, 2025 | | March 28, 2025 | | March 28, 2025 | | $ | N/A(1) | | | $ | 984 | |
| June 30, 2025 | | June 30, 2025 | | July 10, 2025 | | | 0.45 | | | | 1,850 | |
| July 24, 2025 | | July 31, 2025 | | August 27, 2025 | | | 0.21 | | | | 914 | |
| August 25, 2025 | | August 31, 2025 | | September 26, 2025 | | | 0.21 | | | | 923 | |
| September 23, 2025 | | September 30, 2025 | | October 28, 2025 | | | 0.19 | | | | 873 | |
| Total | | | | | | | | | | $ | 5,544 | |
| (1) | Prior to the Conversion Date, the Company had no shares outstanding. |
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| Summary of Amount Received and Common Shares Issued |
The following table summarizes the amounts received
and Common Shares issued to shareholders who have participated in the DRIP for the nine months ended September 30, 2026:
| Payment Date | |
DRIP Shares Issued | | |
Amount per Share | | |
DRIP Shares Value | |
| February 25, 2026 | |
| 189 | | |
$ | 25.07 | | |
$ | 5 | |
| March 26, 2026 | |
| 1,588 | | |
| 24.87 | | |
| 39 | |
| April 29, 2026 | |
| 4,807 | | |
| 24.73 | | |
| 119 | |
| May 29, 2026 | |
| 6,677 | | |
| 24.70 | | |
| 165 | |
| June 26, 2026 | |
| 7,017 | | |
| 24.64 | | |
| 175 | |
| July 28, 2026 | |
| 7,548 | | |
| 24.71 | | |
| 186 | |
| August 27, 2026 | |
| 8,488 | | |
| 24.64 | | |
| 209 | |
| September 28, 2026 | |
| 9,186 | | |
| 24.64 | | |
| 225 | |
| Total | |
| 45,500 | | |
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$ | 1,123 | |
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