Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2026

Stockholders' Equity Note [Abstract]

Summary of Shareholder Transactions in Common Shares

The following table summarizes shareholder transactions in common shares during the three months ended September 30, 2026:


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

Summary of Distributions Declared

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