CONSOLIDATED FINANCIAL HIGHLIGHTS (Tables)

9 Months Ended

Sep. 30, 2025

The following is a schedule of consolidated financial highlights for the nine months ended September 30, 2025 and 2024:


	Nine Months Ended September 30,
	2025			2024
Per share data:
Net asset value, beginning of period	$	18.18		$	18.13
Net investment income (1)	1.42			1.71
Net realized gain (loss) (1)	(0.16)			(0.03)
Net change in unrealized gain (loss) (1)	(0.28)			(0.07)
Net increase (decrease) in net assets resulting from operations (1)	0.98			1.61
Shareholder distributions (2)	(1.45)			(1.55)

Other (3)	0.14			(0.04)
Net asset value, end of period	$	17.85		$	18.15

Net assets, end of period	$	881,485		$	990,609
Shares outstanding, end of period	49,387,065			54,571,650
Per share market value, end of period	$	13.80		$	17.42
Total return based on market value (4)	(9.86)		%	5.41		%
Total return based on net asset value (5)	7.61		%	9.36		%

Ratio/Supplemental data:
Ratio of net expenses to average net assets before waived fees (6)	12.92		%	12.60		%
Ratio of net expenses to average net assets after waived fees (6)	12.67		%	10.73		%
Ratio of net investment income to average net assets (6)	10.39		%	13.24		%
Portfolio turnover rate (7)	13.32		%	16.62		%


Asset coverage ratio (8)	179.82		%	189.89		%

________________

(1)The per share data was derived by using the weighted average shares outstanding during the period.

(2)The per share data for distributions reflects the actual amount of distributions recorded during the period.

(3)Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date.

(4)Total return based on market value is calculated as the change in market value per share during the respective periods, taking into account distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. For the nine months ended September 30, 2024, the beginning market value per share is based on the initial public offering price of $18.05 per share. Total return based on market value is not annualized.

(5)Total return based on NAV is calculated as the change in NAV per share during the respective period, plus distributions per share, if any, reinvested in accordance with the Company’s dividend reinvestment plan effective during each relevant period divided by the beginning NAV per share and is not annualized.

(6)The ratio of interest and debt financing expenses to average net assets for the nine months ended September 30, 2025 and 2024 was 8.76% and 8.45%, respectively. Average net assets is calculated utilizing quarterly net assets. Ratios, except for incentive fee waived, are annualized. Incentive fees waived is accounted for through the expiration date of the waiver and is not annualized.

(7)Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the periods reported.

(8)Asset coverage ratio is equal to (i) the sum of (a) net assets at the end of the period and (b) debt outstanding at the end of the period divided by (ii) total debt outstanding at the end of the period.