Directors Fees

6 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

Directors Fees

Directors Fees

Our independent directors receive an annual fee of $100 (prorated for any partial year). In addition, the chair of the Audit

Committee receives an additional annual fee of $20 (prorated for any partial year). We are also authorized to pay the

reasonable out-of-pocket expenses for each independent director incurred in connection with the fulfillment of his or her

duties as independent directors (provided that such compensation will only be paid if the committee meeting is not held on

the same day as any regular meeting of the Board).

For the years ended June 30, 2025 and December 31, 2024, independent directors fees will be paid in the form of our

common stock issued at a price per share equal to the greater of NAV or the market price, if any, at the time of payment.

On April 29, 2024, the Company issued 21,333 shares of common stock to our directors as compensation for their services

for the fiscal year ended December 31, 2023.

No compensation is paid to directors who are ‘‘interested persons’’ of the Company (as such term is defined in the 1940

Act). For the three and six months ended June 30, 2025, the Company accrued $80 and $160 for directors’ fees expense,

respectively. For the three and six months ended June 30, 2024, the Company accrued $80 and $160 for directors’ fees

expense, respectively.