EQUITY OFFERINGS AND RELATED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2023

EQUITY OFFERINGS AND RELATED EXPENSES

Summary of number of common stock shares issued through various equity offerings and pursuant to DRIP

						Organizational			Offering
	Common Shares	Number of	Gross		Expense		Net		Price
Type of Common Shares Issuance	Issuance Date	Shares	Proceeds		Allocation(1)		Proceeds(2)		Per Share
Capital draw down	January 31, 2022	2,333,334	$	35,000,000	$	—	$	35,000,000	$	15.00
Capital draw down	May 11, 2022	1,355,013		20,000,000		—		20,000,000		14.76
Capital draw down	August 30, 2022	1,358,696		20,000,000		—		20,000,000		14.72
Dividend reinvestment	August 31, 2022	294		4,328		—		4,328		14.72
Immediate share issuance	September 27, 2022	91,403		1,345,451		4,549		1,350,000		14.72
Immediate share issuance	November 7, 2022	342,037		4,983,487		16,513		5,000,000		14.57
Dividend reinvestment	November 10, 2022	2,656		39,566		—		39,566		14.90
Dividend reinvestment	January 13, 2023	8,017		119,453		—		119,453		14.90
Capital draw down	March 29, 2023	341,529		5,000,000		—		5,000,000		14.64
Dividend reinvestment	April 5, 2023	10,629		155,615		—		155,615		14.64
Immediate share issuance	May 10, 2023	339,316		4,981,160		18,840		5,000,000		14.68
Total		6,182,924	$	91,629,060	$	39,902	$	91,668,962

(1) Pro rata expense of organizational and offering costs incurred by the Company in connection with the Company’s formation and offerings. The Organizational Expense Allocation represents a reduction to capital commitments to investors subsequent to the initial closing.

(2) Net Proceeds per this equity table will differ from the Statement of Assets and Liabilities as of June 30, 2023, in the amount of $388,214, which represents a tax reclassification of stockholders’ equity in accordance with U.S. GAAP. This reclassification reduces paid-in capital and increases (decreases) distributable earnings (loss) (by increasing (decreasing) accumulated undistributed gain (deficit)).