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Statement of Operations - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Investment Income:    
Dividend income $ 0 $ 73,000
Total Investment Income 0 73,000
Expenses    
Administrative service expenses 6,000 3,638,000
Organizational expenses 184,000 2,285,000
Professional fees 0 583,000
Amortization of deferred offering costs 0 385,000
Other general and administrative expenses 0 234,000
Directors' fees 0 204,000
Management fees 0 2,000
Total Expenses 190,000 7,331,000
Less: Expenses waived by Advisor (Note 3) (6,000) (3,493,000)
Less: Expense Support (Note 3) (184,000) (3,790,000)
Less: Management fees waived (Note 3) 0 (2,000)
Reimbursement of expense support (Note 3) [1] 0 0
Net Expenses 0 46,000
Net Investment Income (Loss)   27,000
Net Increase (Decrease) in Net Assets Resulting from Operations 0 27,000
Preferred Stock dividends [2] 0 (54,000)
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stock $ 0 [3] $ (27,000)
Per Share Information - Basic and Diluted    
Net investment income (loss) per share of Common Stock (basic and diluted) [4],[5] $ 0 $ 0.11
Earnings per share of Common Stock, basic [4],[5] 0 [3] (0.12)
Earnings per share of Common Stock, diluted [4],[5] $ 0 [3] $ (0.12)
Weighted average shares of Common Stock outstanding, basic [4],[6] 0 [3] 235,076
Weighted average shares of Common Stock outstanding, diluted [4],[6] 0 [3] 235,076
[1]

(5) Reimbursement of expense support for the year ended December 31, 2024 is zero due to rounding.

[2]

(1) Preferred Stock dividends were declared and paid on December 31, 2024, which increased accumulated losses for the year ended December 31, 2024.

[3] There were no shares of Common Stock outstanding as of December 31, 2023, or for the period from October 16, 2023 (Inception) through December 31, 2023.
[4]

(4) There were no shares of Common Stock outstanding for the period from October 16, 2023 (Inception) through December 31, 2023.

[5] (2) Net investment income (loss) per share of Common Stock (basic and diluted) and earnings per share of Common Stock (basic and diluted) may not recalculate due to rounding
[6]

(3) Amounts are calculated based on the weighted average shares outstanding during the period beginning August 30, 2024 (the date on which the Company's registration became effective) through December 31, 2024.