RELATED PARTY ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2025

RELATED PARTY ARRANGEMENTS

Schedule of components of incentive fees

	For the years ended
	December 31, 2025		December 31, 2024		December 31, 2023
Investment income incentive fees incurred	$	8,393,139	$	10,045,966	$	10,189,888
Capital gains incentive fees incurred (reversed)		—		—		(569,528)
Income incentive fees waived		(3,310,981)		(1,826,893)		(307,442)
Incentive fees expense	$	5,082,158	$	8,219,073	$	9,312,918

	December 31, 2025		December 31, 2024
Investment income incentive fee currently payable	$	1,539,724	$	2,351,703
Investment income incentive fee deferred		777,705		757,857
Incentive fee payable	$	2,317,429	$	3,109,560