RELATED PARTY ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2025

RELATED PARTY ARRANGEMENTS

Schedule of components of incentive fees

	For the three months ended
	March 31, 2025		March 31, 2024
Investment income incentive fees incurred	$	2,136,491	$	2,509,110
Income incentive fee waiver		(1,242,843)		(204,351)
Incentive fees expense	$	893,648	$	2,304,759

	March 31, 2025		December 31, 2024
Investment income incentive fee currently payable	$	828,462	$	2,351,703
Investment income incentive fee deferred		823,044		757,857
Incentive fee payable	$	1,651,506	$	3,109,560