| Shareholders' Equity |
On September 22, 2023, the Company issued 40 V Shares for both Series I and Series II for aggregate consideration of $1 and $1, respectively, to an affiliate of Apollo. The following table summarizes shareholder transactions in common shares during the three months ended September 30, 2026:
|
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months ended September 30, 2026 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
A-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
812 |
|
|
|
20 |
|
|
|
812 |
|
|
|
20 |
|
Shares repurchased |
|
(53,019 |
) |
|
|
(1,331 |
) |
|
|
(128,454 |
) |
|
|
(3,231 |
) |
|
|
(181,473 |
) |
|
|
(4,562 |
) |
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
(53,019 |
) |
|
$ |
(1,331 |
) |
|
$ |
(127,642 |
) |
|
$ |
(3,211 |
) |
|
$ |
(180,661 |
) |
|
$ |
(4,542 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
90,613 |
|
|
$ |
2,290 |
|
|
$ |
507,837 |
|
|
$ |
12,866 |
|
|
$ |
598,450 |
|
|
$ |
15,156 |
|
Shares issued under DRIP |
|
16,316 |
|
|
|
412 |
|
|
|
69,935 |
|
|
|
1,773 |
|
|
|
86,251 |
|
|
|
2,185 |
|
Shares repurchased |
|
(41,679 |
) |
|
|
(1,053 |
) |
|
|
(146,436 |
) |
|
|
(3,710 |
) |
|
|
(188,115 |
) |
|
|
(4,763 |
) |
Exchanges/Conversions |
|
(134,113 |
) |
|
|
(3,389 |
) |
|
|
133,795 |
|
|
|
3,390 |
|
|
|
(318 |
) |
|
|
1 |
|
Net increase (decrease) |
$ |
(68,863 |
) |
|
$ |
(1,740 |
) |
|
$ |
565,131 |
|
|
$ |
14,319 |
|
|
$ |
496,268 |
|
|
$ |
12,579 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
39 |
|
|
|
1 |
|
|
|
39 |
|
|
|
1 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
39 |
|
|
$ |
1 |
|
|
$ |
39 |
|
|
$ |
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
2,905 |
|
|
$ |
75 |
|
|
$ |
2,905 |
|
|
$ |
75 |
|
Shares issued under DRIP |
|
271 |
|
|
|
7 |
|
|
|
245 |
|
|
|
6 |
|
|
|
516 |
|
|
|
13 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
271 |
|
|
$ |
7 |
|
|
$ |
3,150 |
|
|
$ |
81 |
|
|
$ |
3,421 |
|
|
$ |
88 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
11,252 |
|
|
$ |
280 |
|
|
$ |
799,646 |
|
|
$ |
20,360 |
|
|
$ |
810,898 |
|
|
$ |
20,640 |
|
Shares issued under DRIP |
|
1,309 |
|
|
|
33 |
|
|
|
75,226 |
|
|
|
1,915 |
|
|
|
76,535 |
|
|
|
1,948 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
(87,261 |
) |
|
|
(2,222 |
) |
|
|
(87,261 |
) |
|
|
(2,222 |
) |
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
12,561 |
|
|
$ |
313 |
|
|
$ |
787,611 |
|
|
$ |
20,053 |
|
|
$ |
800,172 |
|
|
$ |
20,366 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
48,352 |
|
|
$ |
1,200 |
|
|
$ |
48,352 |
|
|
$ |
1,200 |
|
Shares issued under DRIP |
|
90 |
|
|
|
2 |
|
|
|
3,697 |
|
|
|
92 |
|
|
|
3,787 |
|
|
|
94 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
90 |
|
|
$ |
2 |
|
|
$ |
52,049 |
|
|
$ |
1,292 |
|
|
$ |
52,139 |
|
|
$ |
1,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
49,849 |
|
|
$ |
1,271 |
|
|
$ |
334,986 |
|
|
$ |
8,601 |
|
|
$ |
384,835 |
|
|
$ |
9,872 |
|
Shares issued under DRIP |
|
10,082 |
|
|
|
257 |
|
|
|
52,392 |
|
|
|
1,345 |
|
|
|
62,474 |
|
|
|
1,602 |
|
Shares repurchased |
|
(56,930 |
) |
|
|
(1,450 |
) |
|
|
(415,600 |
) |
|
|
(10,672 |
) |
|
|
(472,530 |
) |
|
|
(12,122 |
) |
Exchanges/Conversions |
|
(2,536 |
) |
|
|
(65 |
) |
|
|
- |
|
|
|
- |
|
|
|
(2,536 |
) |
|
|
(65 |
) |
Net increase (decrease) |
$ |
465 |
|
|
$ |
13 |
|
|
$ |
(28,222 |
) |
|
$ |
(726 |
) |
|
$ |
(27,757 |
) |
|
$ |
(713 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
91,453 |
|
|
$ |
2,325 |
|
|
$ |
233,794 |
|
|
$ |
5,963 |
|
|
$ |
325,247 |
|
|
$ |
8,288 |
|
Shares issued under DRIP |
|
16,503 |
|
|
|
420 |
|
|
|
55,004 |
|
|
|
1,403 |
|
|
|
71,507 |
|
|
|
1,823 |
|
Shares repurchased |
|
(96,392 |
) |
|
|
(2,450 |
) |
|
|
(321,894 |
) |
|
|
(8,211 |
) |
|
|
(418,286 |
) |
|
|
(10,661 |
) |
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
11,564 |
|
|
$ |
295 |
|
|
$ |
(33,096 |
) |
|
$ |
(845 |
) |
|
$ |
(21,532 |
) |
|
$ |
(550 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
201,338 |
|
|
$ |
5,119 |
|
|
$ |
1,642,808 |
|
|
$ |
42,061 |
|
|
$ |
1,844,146 |
|
|
$ |
47,180 |
|
Shares issued under DRIP |
|
4,521 |
|
|
|
115 |
|
|
|
108,143 |
|
|
|
2,768 |
|
|
|
112,664 |
|
|
|
2,883 |
|
Shares repurchased |
|
(1,568 |
) |
|
|
(40 |
) |
|
|
(481,687 |
) |
|
|
(12,333 |
) |
|
|
(483,255 |
) |
|
|
(12,373 |
) |
Exchanges/Conversions |
|
(61,989 |
) |
|
|
(1,576 |
) |
|
|
64,064 |
|
|
|
1,640 |
|
|
|
2,075 |
|
|
|
64 |
|
Net increase (decrease) |
$ |
142,302 |
|
|
$ |
3,618 |
|
|
$ |
1,333,328 |
|
|
$ |
34,136 |
|
|
$ |
1,475,630 |
|
|
$ |
37,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
14,085 |
|
|
$ |
360 |
|
|
$ |
5,655 |
|
|
$ |
145 |
|
|
$ |
19,740 |
|
|
$ |
505 |
|
Shares issued under DRIP |
|
56 |
|
|
|
1 |
|
|
|
302 |
|
|
|
8 |
|
|
|
358 |
|
|
|
9 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
14,141 |
|
|
$ |
361 |
|
|
$ |
5,957 |
|
|
$ |
153 |
|
|
$ |
20,098 |
|
|
$ |
514 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BD Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
227,634 |
|
|
$ |
5,836 |
|
|
$ |
227,634 |
|
|
$ |
5,836 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
20,836 |
|
|
|
534 |
|
|
|
20,836 |
|
|
|
534 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
(124,146 |
) |
|
|
(3,183 |
) |
|
|
(124,146 |
) |
|
|
(3,183 |
) |
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
124,324 |
|
|
$ |
3,187 |
|
|
$ |
124,324 |
|
|
$ |
3,187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net increase (decrease) |
$ |
59,512 |
|
|
$ |
1,538 |
|
|
$ |
2,682,629 |
|
|
$ |
68,440 |
|
|
$ |
2,742,141 |
|
|
$ |
69,978 |
|
The following table summarizes shareholder transactions in common shares during the nine months ended September 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months ended September 30, 2026 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
A-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
150,114 |
|
|
$ |
3,805 |
|
|
$ |
362,741 |
|
|
$ |
9,246 |
|
|
$ |
512,855 |
|
|
$ |
13,051 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
1,692 |
|
|
|
43 |
|
|
|
1,692 |
|
|
|
43 |
|
Shares repurchased |
|
(232,023 |
) |
|
|
(5,868 |
) |
|
|
(159,841 |
) |
|
|
(4,032 |
) |
|
|
(391,864 |
) |
|
|
(9,900 |
) |
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
(81,909 |
) |
|
$ |
(2,063 |
) |
|
$ |
204,592 |
|
|
$ |
5,257 |
|
|
$ |
122,683 |
|
|
$ |
3,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
255,041 |
|
|
$ |
6,472 |
|
|
$ |
1,846,787 |
|
|
$ |
47,198 |
|
|
$ |
2,101,828 |
|
|
$ |
53,670 |
|
Shares issued under DRIP |
|
58,171 |
|
|
|
1,477 |
|
|
|
207,557 |
|
|
|
5,294 |
|
|
|
265,728 |
|
|
|
6,771 |
|
Shares repurchased |
|
(99,841 |
) |
|
|
(2,530 |
) |
|
|
(869,213 |
) |
|
|
(22,304 |
) |
|
|
(969,054 |
) |
|
|
(24,834 |
) |
Exchanges/Conversions |
|
(482,209 |
) |
|
|
(12,230 |
) |
|
|
479,536 |
|
|
|
12,230 |
|
|
|
(2,673 |
) |
|
|
- |
|
Net increase (decrease) |
$ |
(268,838 |
) |
|
$ |
(6,811 |
) |
|
$ |
1,664,667 |
|
|
$ |
42,418 |
|
|
$ |
1,395,829 |
|
|
$ |
35,607 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
117 |
|
|
|
4 |
|
|
|
117 |
|
|
|
4 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
117 |
|
|
$ |
4 |
|
|
$ |
117 |
|
|
$ |
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
22,223 |
|
|
$ |
560 |
|
|
$ |
2,905 |
|
|
$ |
75 |
|
|
$ |
25,128 |
|
|
$ |
635 |
|
Shares issued under DRIP |
|
741 |
|
|
|
19 |
|
|
|
693 |
|
|
|
18 |
|
|
|
1,434 |
|
|
|
37 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
22,964 |
|
|
$ |
579 |
|
|
$ |
3,598 |
|
|
$ |
93 |
|
|
$ |
26,562 |
|
|
$ |
672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
16,839 |
|
|
$ |
420 |
|
|
$ |
2,724,464 |
|
|
$ |
69,721 |
|
|
$ |
2,741,303 |
|
|
$ |
70,141 |
|
Shares issued under DRIP |
|
4,455 |
|
|
|
111 |
|
|
|
186,094 |
|
|
|
4,766 |
|
|
|
190,549 |
|
|
|
4,877 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
(559,264 |
) |
|
|
(14,351 |
) |
|
|
(559,264 |
) |
|
|
(14,351 |
) |
Exchanges/Conversions |
|
162,428 |
|
|
|
4,084 |
|
|
|
(158,123 |
) |
|
|
(4,084 |
) |
|
|
4,305 |
|
|
|
- |
|
Net increase (decrease) |
$ |
183,722 |
|
|
$ |
4,615 |
|
|
$ |
2,193,171 |
|
|
$ |
56,052 |
|
|
$ |
2,376,893 |
|
|
$ |
60,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
60,057 |
|
|
$ |
1,495 |
|
|
$ |
60,057 |
|
|
$ |
1,495 |
|
Shares issued under DRIP |
|
271 |
|
|
|
7 |
|
|
|
10,291 |
|
|
|
257 |
|
|
|
10,562 |
|
|
|
264 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
(1,190 |
) |
|
|
(30 |
) |
|
|
(1,190 |
) |
|
|
(30 |
) |
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
271 |
|
|
$ |
7 |
|
|
$ |
69,158 |
|
|
$ |
1,722 |
|
|
$ |
69,429 |
|
|
$ |
1,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
234,583 |
|
|
$ |
6,010 |
|
|
$ |
1,277,193 |
|
|
$ |
33,023 |
|
|
$ |
1,511,776 |
|
|
$ |
39,033 |
|
Shares issued under DRIP |
|
29,980 |
|
|
|
767 |
|
|
|
156,981 |
|
|
|
4,057 |
|
|
|
186,961 |
|
|
|
4,824 |
|
Shares repurchased |
|
(69,450 |
) |
|
|
(1,771 |
) |
|
|
(895,541 |
) |
|
|
(23,087 |
) |
|
|
(964,991 |
) |
|
|
(24,858 |
) |
Exchanges/Conversions |
|
(934,081 |
) |
|
|
(24,054 |
) |
|
|
920,923 |
|
|
|
23,989 |
|
|
|
(13,158 |
) |
|
|
(65 |
) |
Net increase (decrease) |
$ |
(738,968 |
) |
|
$ |
(19,048 |
) |
|
$ |
1,459,556 |
|
|
$ |
37,982 |
|
|
$ |
720,588 |
|
|
$ |
18,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
546,101 |
|
|
$ |
13,974 |
|
|
$ |
1,349,766 |
|
|
$ |
34,743 |
|
|
$ |
1,895,867 |
|
|
$ |
48,717 |
|
Shares issued under DRIP |
|
49,551 |
|
|
|
1,265 |
|
|
|
157,634 |
|
|
|
4,046 |
|
|
|
207,185 |
|
|
|
5,311 |
|
Shares repurchased |
|
(286,595 |
) |
|
|
(7,304 |
) |
|
|
(438,810 |
) |
|
|
(11,230 |
) |
|
|
(725,405 |
) |
|
|
(18,534 |
) |
Exchanges/Conversions |
|
(46,761 |
) |
|
|
(1,200 |
) |
|
|
5,796 |
|
|
|
149 |
|
|
|
(40,965 |
) |
|
|
(1,051 |
) |
Net increase (decrease) |
$ |
262,296 |
|
|
$ |
6,735 |
|
|
$ |
1,074,386 |
|
|
$ |
27,708 |
|
|
$ |
1,336,682 |
|
|
$ |
34,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
859,918 |
|
|
$ |
21,985 |
|
|
$ |
8,216,843 |
|
|
$ |
212,178 |
|
|
$ |
9,076,761 |
|
|
$ |
234,163 |
|
Shares issued under DRIP |
|
10,233 |
|
|
|
262 |
|
|
|
263,273 |
|
|
|
6,775 |
|
|
|
273,506 |
|
|
|
7,037 |
|
Shares repurchased |
|
(1,569 |
) |
|
|
(40 |
) |
|
|
(974,773 |
) |
|
|
(25,038 |
) |
|
|
(976,342 |
) |
|
|
(25,078 |
) |
Exchanges/Conversions |
|
(31,756 |
) |
|
|
(796 |
) |
|
|
74,658 |
|
|
|
1,912 |
|
|
|
42,902 |
|
|
|
1,116 |
|
Net increase (decrease) |
$ |
836,826 |
|
|
$ |
21,411 |
|
|
$ |
7,580,001 |
|
|
$ |
195,827 |
|
|
$ |
8,416,827 |
|
|
$ |
217,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
14,085 |
|
|
$ |
360 |
|
|
$ |
26,442 |
|
|
$ |
681 |
|
|
$ |
40,527 |
|
|
$ |
1,041 |
|
Shares issued under DRIP |
|
56 |
|
|
|
1 |
|
|
|
351 |
|
|
|
9 |
|
|
|
407 |
|
|
|
10 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
14,141 |
|
|
$ |
361 |
|
|
$ |
26,793 |
|
|
$ |
690 |
|
|
$ |
40,934 |
|
|
$ |
1,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BD Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
1,966,049 |
|
|
$ |
50,951 |
|
|
$ |
1,966,049 |
|
|
$ |
50,951 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
145,904 |
|
|
|
3,770 |
|
|
|
145,904 |
|
|
|
3,770 |
|
Shares repurchased |
|
- |
|
|
|
- |
|
|
|
(155,060 |
) |
|
|
(3,980 |
) |
|
|
(155,060 |
) |
|
|
(3,980 |
) |
Exchanges/Conversions |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
1,956,893 |
|
|
$ |
50,741 |
|
|
$ |
1,956,893 |
|
|
$ |
50,741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net increase (decrease) |
$ |
230,505 |
|
|
$ |
5,786 |
|
|
$ |
16,232,932 |
|
|
$ |
418,494 |
|
|
$ |
16,463,437 |
|
|
$ |
424,280 |
|
The following table summarizes shareholder transactions in common shares during the three months ended September 30, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months ended September 30, 2025 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
A-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
143,834 |
|
|
|
3,641 |
|
|
|
294,560 |
|
|
|
7,492 |
|
|
|
438,394 |
|
|
|
11,133 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
606 |
|
|
|
15 |
|
|
|
606 |
|
|
|
15 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
143,834 |
|
|
|
3,641 |
|
|
|
295,166 |
|
|
|
7,507 |
|
|
|
439,000 |
|
|
|
11,148 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
1,595,850 |
|
|
|
40,630 |
|
|
|
5,280,647 |
|
|
|
135,241 |
|
|
|
6,876,497 |
|
|
|
175,871 |
|
Shares issued under DRIP |
|
22,954 |
|
|
|
584 |
|
|
|
54,714 |
|
|
|
1,401 |
|
|
|
77,668 |
|
|
|
1,985 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
1,618,804 |
|
|
|
41,214 |
|
|
|
5,335,361 |
|
|
|
136,642 |
|
|
|
6,954,165 |
|
|
|
177,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
3,925 |
|
|
$ |
100 |
|
|
$ |
2,580 |
|
|
$ |
66 |
|
|
$ |
6,505 |
|
|
$ |
166 |
|
Shares issued under DRIP |
|
14.83 |
|
|
|
0.38 |
|
|
|
- |
|
|
|
- |
|
|
|
14.83 |
|
|
|
0.38 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
3,940 |
|
|
$ |
100 |
|
|
$ |
2,580 |
|
|
$ |
66 |
|
|
$ |
6,520 |
|
|
$ |
166 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
- |
|
|
|
- |
|
|
|
958 |
|
|
|
25 |
|
|
|
958 |
|
|
|
25 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
266 |
|
|
|
7 |
|
|
|
266 |
|
|
|
7 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
- |
|
|
|
- |
|
|
|
1,224 |
|
|
|
32 |
|
|
|
1,224 |
|
|
|
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
11,553 |
|
|
|
290 |
|
|
|
1,174,376 |
|
|
|
30,206 |
|
|
|
1,185,929 |
|
|
|
30,496 |
|
Shares issued under DRIP |
|
4,399 |
|
|
|
110 |
|
|
|
89,808 |
|
|
|
2,310 |
|
|
|
94,207 |
|
|
|
2,420 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
15,952 |
|
|
|
400 |
|
|
|
1,264,184 |
|
|
|
32,516 |
|
|
|
1,280,136 |
|
|
|
32,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
98 |
|
|
|
3 |
|
|
|
8,646 |
|
|
|
217 |
|
|
|
8,744 |
|
|
|
220 |
|
Shares issued under DRIP |
|
164 |
|
|
|
4 |
|
|
|
5,355 |
|
|
|
135 |
|
|
|
5,519 |
|
|
|
139 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
(4,091 |
) |
|
|
(103 |
) |
|
|
(4,091 |
) |
|
|
(103 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
262 |
|
|
|
7 |
|
|
|
9,910 |
|
|
|
249 |
|
|
|
10,172 |
|
|
|
256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
591,284 |
|
|
|
15,195 |
|
|
|
432,868 |
|
|
|
11,226 |
|
|
|
1,024,152 |
|
|
|
26,421 |
|
Shares issued under DRIP |
|
22,509 |
|
|
|
578 |
|
|
|
48,123 |
|
|
|
1,248 |
|
|
|
70,632 |
|
|
|
1,826 |
|
Shares repurchased or exchanged |
|
(19,897 |
) |
|
|
(512 |
) |
|
|
- |
|
|
|
- |
|
|
|
(19,897 |
) |
|
|
(512 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
593,896 |
|
|
|
15,261 |
|
|
|
480,991 |
|
|
|
12,474 |
|
|
|
1,074,887 |
|
|
|
27,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
620,430 |
|
|
|
15,920 |
|
|
|
937,801 |
|
|
|
24,176 |
|
|
|
1,558,231 |
|
|
|
40,096 |
|
Shares issued under DRIP |
|
20,076 |
|
|
|
515 |
|
|
|
57,716 |
|
|
|
1,488 |
|
|
|
77,792 |
|
|
|
2,003 |
|
Shares repurchased or exchanged |
|
(97,187 |
) |
|
|
(2,494 |
) |
|
|
(20,657 |
) |
|
|
(533 |
) |
|
|
(117,844 |
) |
|
|
(3,027 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
543,319 |
|
|
|
13,941 |
|
|
|
974,860 |
|
|
|
25,131 |
|
|
|
1,518,179 |
|
|
|
39,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
- |
|
|
|
- |
|
|
|
637,561 |
|
|
|
16,480 |
|
|
|
637,561 |
|
|
|
16,480 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
191 |
|
|
|
5 |
|
|
|
191 |
|
|
|
5 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
- |
|
|
|
- |
|
|
|
637,752 |
|
|
|
16,485 |
|
|
|
637,752 |
|
|
|
16,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BD Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
|
- |
|
|
|
- |
|
|
|
4,902,989 |
|
|
|
126,971 |
|
|
|
4,902,989 |
|
|
|
126,971 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
5,605 |
|
|
|
145 |
|
|
|
5,605 |
|
|
|
145 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
|
- |
|
|
|
- |
|
|
|
4,908,594 |
|
|
|
127,116 |
|
|
|
4,908,594 |
|
|
|
127,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net increase (decrease) |
|
2,920,007 |
|
|
|
74,564 |
|
|
|
13,910,622 |
|
|
|
358,217 |
|
|
|
16,830,629 |
|
|
|
432,781 |
|
The following table summarizes shareholder transactions in common shares during the nine months ended September 30, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months ended September 30, 2025 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
|
Shares |
|
|
Consideration Amount |
|
A-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
871,595 |
|
|
$ |
22,076 |
|
|
$ |
1,395,531 |
|
|
$ |
35,578 |
|
|
$ |
2,267,126 |
|
|
$ |
57,654 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
1,090 |
|
|
|
28 |
|
|
|
1,090 |
|
|
|
28 |
|
Shares repurchased or exchanged |
|
(3,945 |
) |
|
|
(100 |
) |
|
|
(19,818 |
) |
|
|
(499 |
) |
|
|
(23,763 |
) |
|
|
(599 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
867,650 |
|
|
$ |
21,976 |
|
|
$ |
1,376,803 |
|
|
$ |
35,107 |
|
|
$ |
2,244,453 |
|
|
$ |
57,083 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
2,806,990 |
|
|
$ |
71,572 |
|
|
$ |
9,670,950 |
|
|
$ |
247,801 |
|
|
$ |
12,477,940 |
|
|
$ |
319,373 |
|
Shares issued under DRIP |
|
32,885 |
|
|
|
837 |
|
|
|
67,774 |
|
|
|
1,735 |
|
|
|
100,659 |
|
|
|
2,572 |
|
Shares repurchased or exchanged |
|
(173,364 |
) |
|
|
(4,397 |
) |
|
|
- |
|
|
|
- |
|
|
|
(173,364 |
) |
|
|
(4,397 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
2,666,511 |
|
|
$ |
68,012 |
|
|
$ |
9,738,724 |
|
|
$ |
249,536 |
|
|
$ |
12,405,235 |
|
|
$ |
317,548 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
3,925 |
|
|
$ |
100 |
|
|
$ |
2,580 |
|
|
$ |
66 |
|
|
$ |
6,505 |
|
|
$ |
166 |
|
Shares issued under DRIP |
|
15 |
|
|
|
0 |
|
|
|
- |
|
|
|
- |
|
|
|
15 |
|
|
|
0 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
3,940 |
|
|
$ |
100 |
|
|
$ |
2,580 |
|
|
$ |
66 |
|
|
$ |
6,520 |
|
|
$ |
166 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
49,990 |
|
|
$ |
1,305 |
|
|
$ |
49,990 |
|
|
$ |
1,305 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
355 |
|
|
|
9 |
|
|
|
355 |
|
|
|
9 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
50,345 |
|
|
$ |
1,314 |
|
|
$ |
50,345 |
|
|
$ |
1,314 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
176,885 |
|
|
$ |
4,450 |
|
|
$ |
4,070,371 |
|
|
$ |
104,687 |
|
|
$ |
4,247,256 |
|
|
$ |
109,137 |
|
Shares issued under DRIP |
|
4,399 |
|
|
|
110 |
|
|
|
119,548 |
|
|
|
3,075 |
|
|
|
123,947 |
|
|
|
3,185 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
181,284 |
|
|
$ |
4,560 |
|
|
$ |
4,189,919 |
|
|
$ |
107,762 |
|
|
$ |
4,371,203 |
|
|
$ |
112,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
2,233 |
|
|
$ |
57 |
|
|
$ |
28,917 |
|
|
$ |
728 |
|
|
$ |
31,150 |
|
|
$ |
785 |
|
Shares issued under DRIP |
|
265 |
|
|
|
7 |
|
|
|
12,344 |
|
|
|
310 |
|
|
|
12,609 |
|
|
|
317 |
|
Shares repurchased or exchanged |
|
(1,359 |
) |
|
|
(35 |
) |
|
|
(4,091 |
) |
|
|
(103 |
) |
|
|
(5,450 |
) |
|
|
(138 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
1,139 |
|
|
$ |
29 |
|
|
$ |
37,170 |
|
|
$ |
935 |
|
|
$ |
38,309 |
|
|
$ |
964 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
1,548,281 |
|
|
$ |
39,859 |
|
|
$ |
2,458,477 |
|
|
$ |
63,828 |
|
|
$ |
4,006,758 |
|
|
$ |
103,687 |
|
Shares issued under DRIP |
|
36,962 |
|
|
|
950 |
|
|
|
59,352 |
|
|
|
1,538 |
|
|
|
96,314 |
|
|
|
2,488 |
|
Shares repurchased or exchanged |
|
(32,185 |
) |
|
|
(827 |
) |
|
|
(1,943 |
) |
|
|
(50 |
) |
|
|
(34,128 |
) |
|
|
(877 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
1,553,058 |
|
|
$ |
39,982 |
|
|
$ |
2,515,886 |
|
|
$ |
65,316 |
|
|
$ |
4,068,944 |
|
|
$ |
105,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
T-S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
1,989,218 |
|
|
$ |
51,111 |
|
|
$ |
4,497,538 |
|
|
$ |
115,996 |
|
|
$ |
6,486,756 |
|
|
$ |
167,107 |
|
Shares issued under DRIP |
|
29,569 |
|
|
|
759 |
|
|
|
69,589 |
|
|
|
1,794 |
|
|
|
99,158 |
|
|
|
2,553 |
|
Shares repurchased or exchanged |
|
(409,417 |
) |
|
|
(10,501 |
) |
|
|
(21,642 |
) |
|
|
(558 |
) |
|
|
(431,059 |
) |
|
|
(11,059 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
1,609,370 |
|
|
$ |
41,369 |
|
|
$ |
4,545,485 |
|
|
$ |
117,232 |
|
|
$ |
6,154,855 |
|
|
$ |
158,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
739,872 |
|
|
$ |
19,122 |
|
|
$ |
739,872 |
|
|
$ |
19,122 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
191 |
|
|
|
5 |
|
|
|
191 |
|
|
|
5 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
740,063 |
|
|
$ |
19,127 |
|
|
$ |
740,063 |
|
|
$ |
19,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BD Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of shares |
$ |
- |
|
|
$ |
- |
|
|
$ |
5,025,320 |
|
|
$ |
130,134 |
|
|
$ |
5,025,320 |
|
|
$ |
130,134 |
|
Shares issued under DRIP |
|
- |
|
|
|
- |
|
|
|
5,605 |
|
|
|
145 |
|
|
|
5,605 |
|
|
|
145 |
|
Shares repurchased or exchanged |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) |
$ |
- |
|
|
$ |
- |
|
|
$ |
5,030,925 |
|
|
$ |
130,279 |
|
|
$ |
5,030,925 |
|
|
$ |
130,279 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net increase (decrease) |
$ |
6,882,952 |
|
|
$ |
176,028 |
|
|
$ |
28,227,900 |
|
|
$ |
726,674 |
|
|
$ |
35,110,852 |
|
|
$ |
902,702 |
|
Distribution Reinvestment Plan The Company adopted a distribution reinvestment plan (the “DRIP”), in which cash distributions to shareholders will automatically be reinvested in additional whole and fractional shares attributable to the type of Shares that a shareholder owns unless and until an election is made on behalf of such participating shareholder to withdraw from the DRIP and receive distributions in cash. The number of Shares to be received when distributions are reinvested will be determined by dividing the amount of the distribution, net of any applicable withholding taxes, by the Series’ Transactional Net Asset Value per share as of the end of the prior month. Shares will be distributed in proportion to the Series and types of Shares held by the shareholder under the DRIP. There will be no sales load charges on Shares issued to a shareholder under the DRIP. The shares issued under DRIP are summarized in the shareholders’ equity tables above. Distributions The Company will seek to declare, accrue and pay monthly distributions. However, there is no guarantee that Series I or Series II will pay monthly distributions consistently and at a specific rate, or at all. For the three months ended September 30, 2026, distributions of $3,594, $26,605 and $30,199 were declared by Series I, Series II and the Company, respectively. For the nine months ended September 30, 2026, distributions of $11,131, $74,258 and $85,389 were declared by Series I, Series II and the Company, respectively. For the three months ended September 30, 2025, distributions of $2,770, $13,801 and $16,571 were declared by Series I, Series II and the Company, respectively. For the nine months ended September 30, 2025, distributions of $6,782, $27,344 and $34,126 were declared by Series I, Series II and the Company, respectively. The distributions were paid in cash or reinvested in the shares of the Company for shareholders participating in the DRIP. Please refer to the shareholder transactions tables above for Shares issued under DRIP for the three and nine months ended September 30, 2026 and September 30, 2025. The following tables reflect the aggregate distributions declared for each applicable share type of the Company for the three and nine months ended September 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months ended September 30, 2026 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Distributions declared |
|
|
Distributions declared |
|
|
Distributions declared |
|
A-I Shares: |
$ |
494 |
|
|
$ |
1,332 |
|
|
$ |
1,826 |
|
F-I Shares: |
|
1,376 |
|
|
|
7,250 |
|
|
|
8,626 |
|
F-S Shares: |
|
- |
|
|
|
1 |
|
|
|
1 |
|
P-I Shares: |
|
7 |
|
|
|
22 |
|
|
|
29 |
|
P-S Shares: |
|
107 |
|
|
|
3,342 |
|
|
|
3,449 |
|
E Shares: |
|
2 |
|
|
|
1,101 |
|
|
|
1,103 |
|
T-I Shares: |
|
555 |
|
|
|
2,388 |
|
|
|
2,943 |
|
T-S Shares: |
|
768 |
|
|
|
2,331 |
|
|
|
3,099 |
|
I Shares: |
|
282 |
|
|
|
5,474 |
|
|
|
5,756 |
|
S Shares: |
|
3 |
|
|
|
9 |
|
|
|
12 |
|
BD Shares: |
|
- |
|
|
|
3,355 |
|
|
|
3,355 |
|
Total Distributions Declared: |
$ |
3,594 |
|
|
$ |
26,605 |
|
|
$ |
30,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months ended September 30, 2026 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Distributions declared |
|
|
Distributions declared |
|
|
Distributions declared |
|
A-I Shares: |
$ |
1,578 |
|
|
$ |
4,003 |
|
|
$ |
5,581 |
|
F-I Shares: |
|
4,408 |
|
|
|
21,020 |
|
|
|
25,428 |
|
F-S Shares: |
|
- |
|
|
|
3 |
|
|
|
3 |
|
P-I Shares: |
|
21 |
|
|
|
65 |
|
|
|
86 |
|
P-S Shares: |
|
299 |
|
|
|
8,699 |
|
|
|
8,998 |
|
E Shares: |
|
7 |
|
|
|
3,259 |
|
|
|
3,266 |
|
T-I Shares: |
|
1,816 |
|
|
|
6,917 |
|
|
|
8,733 |
|
T-S Shares: |
|
2,299 |
|
|
|
6,733 |
|
|
|
9,032 |
|
I Shares: |
|
700 |
|
|
|
13,910 |
|
|
|
14,610 |
|
S Shares: |
|
3 |
|
|
|
12 |
|
|
|
15 |
|
BD Shares: |
|
- |
|
|
|
9,637 |
|
|
|
9,637 |
|
Total Distributions Declared: |
$ |
11,131 |
|
|
$ |
74,258 |
|
|
$ |
85,389 |
|
The following tables reflect the aggregate distributions declared for each applicable share type of the Company for the three and nine months ended September 30, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months ended September 30, 2025 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Distributions declared |
|
|
Distributions declared |
|
|
Distributions declared |
|
A-I Shares: |
$ |
434 |
|
|
$ |
977 |
|
|
$ |
1,411 |
|
F-I Shares: |
|
959 |
|
|
|
4,163 |
|
|
|
5,122 |
|
F-S Shares: |
|
1 |
|
|
|
- |
|
|
|
1 |
|
P-I Shares: |
|
- |
|
|
|
23 |
|
|
|
23 |
|
P-S Shares: |
59 |
|
|
|
2,497 |
|
|
|
2,556 |
|
E Shares: |
|
2 |
|
|
|
1,053 |
|
|
|
1,055 |
|
T-I Shares: |
|
717 |
|
|
|
1,235 |
|
|
|
1,952 |
|
T-S Shares: |
598 |
|
|
|
1,784 |
|
|
|
2,382 |
|
I Shares: |
|
- |
|
|
|
180 |
|
|
|
180 |
|
S Shares: |
|
- |
|
|
|
- |
|
|
|
- |
|
BD Shares: |
|
- |
|
|
|
1,889 |
|
|
|
1,889 |
|
Total Distributions Declared: |
$ |
2,770 |
|
|
$ |
13,801 |
|
|
$ |
16,571 |
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months ended September 30, 2025 |
|
|
Series I |
|
|
Series II |
|
|
Total |
|
|
Distributions declared |
|
|
Distributions declared |
|
|
Distributions declared |
|
A-I Shares: |
$ |
1,198 |
|
|
$ |
2,375 |
|
|
$ |
3,573 |
|
F-I Shares: |
|
2,015 |
|
|
|
7,793 |
|
|
|
9,808 |
|
F-S Shares: |
|
1 |
|
|
|
- |
|
|
|
1 |
|
P-I Shares: |
|
- |
|
|
|
38 |
|
|
|
38 |
|
P-S Shares: |
|
134 |
|
|
|
5,767 |
|
|
|
5,901 |
|
E Shares: |
|
7 |
|
|
|
3,082 |
|
|
|
3,089 |
|
T-I Shares: |
|
1,911 |
|
|
|
2,394 |
|
|
|
4,305 |
|
T-S Shares: |
|
1,516 |
|
|
|
3,794 |
|
|
|
5,310 |
|
I Shares: |
|
- |
|
|
|
194 |
|
|
|
194 |
|
S Shares: |
|
- |
|
|
|
- |
|
|
|
- |
|
BD Shares: |
|
- |
|
|
|
1,907 |
|
|
|
1,907 |
|
Total Distributions Declared: |
$ |
6,782 |
|
|
$ |
27,344 |
|
|
$ |
34,126 |
|
Share Repurchases The Company offers a share repurchase plan (“Repurchase Plan”) pursuant to which, on a quarterly basis, shareholders may request that we repurchase all or any portion of their Shares. The Company may repurchase fewer Shares than have been requested in any particular quarter to be repurchased under our Repurchase Plan, or none at all, in our discretion at any time. We expect that each Series will conduct quarterly Share repurchases (each, a “Share Repurchase”) for up to 5.0% of the aggregate NAV of our outstanding Investor Shares and E Shares of each Series (measured across both Series using the average aggregate NAV across both Series as of the end of the immediately preceding three months). Generally, the price at which we make repurchases of our Shares will equal the NAV per Share as of each applicable Share type of each applicable Series (“NAV per Share”) as of the last calendar day of the applicable, immediately preceding quarter. The applicable quarterly share repurchase limit and repurchase price are calculated based on the Transactional Net Asset Value.
|