At the discretion of the Fund’s Board of Trustees, the Fund is conducting a share repurchase program in which the Fund is repurchasing, in each quarter, up to 5% of the Fund’s Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the previous calendar quarter. The Fund does not intend to commence a share repurchase offer during any calendar quarter for which the Fund’s liquid assets are less than 25% of the Fund’s net assets plus available and undrawn leverage as of the date of the most recent publicly available NAV prior to the commencement of such calendar quarter. In addition, the Fund’s Board of Trustees may amend, suspend or terminate the share repurchase program if it deems such action to be in the Fund’s best interest and the best interest of the Fund’s shareholders. As a result, share repurchases may not be available each quarter. The Fund is conducting such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the 1940 Act. All shares purchased by the Fund pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares.

Under the Fund’s share repurchase plan, to the extent the Fund offers to repurchase shares in any particular quarter, the Fund expects to repurchase shares pursuant to tender offers on or around the last business day of that quarter using a purchase price equal to the NAV per share as of the last business day of the applicable quarter, except that shares that have not been outstanding for at least one year will be repurchased at 98% of such NAV (an “Early Repurchase Deduction”).The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date. The Early Repurchase Deduction may be waived in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. The Early Repurchase Deduction will be retained by the Fund for the benefit of remaining shareholders. The Fund commenced its initial quarterly repurchase offer on April 28, 2023. On October 26, 2023, the Fund initiated a quarterly offer to repurchase up to 5% of its shares outstanding as of September 30, 2023, commencing on October 26, 2023 and ending on November 30, 2023, with a valuation date of December 31, 2023. No repurchase requests were received for the year ended December 31, 2023.

The following table presents information with respect to the Fund's repurchases for the year ended December 31, 2023:

        Repurchase request deadline

        Number of Shares Repurchased 
(All Classes)

        Percentage of Outstanding Shares Repurchased(1)

        Price Paid Per Share

        Repurchase Pricing Date

        Amount Repurchased
(All Classes)(2)

        Maximum number of shares that may yet be repurchased(3)

May 31, 2023

—

—

N/A

N/A

—

—

August 31, 2023

—

—

N/A

N/A

—

—

November 30, 2023

—

—

N/A

N/A

—

—

______________________

(1)

Percentage is based on total shares as of the close of the previous calendar quarter.

(2)

There were no repurchase requests received in any of the available periods.