XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investment Income:    
Interest income $ 981 $ 0
Dividend income 52 0
Other income 30 0
Total Investment Income 1,063 0
Expenses    
Interest expense 557 0
Administrative service expenses 846 186
Organizational expenses 0 297
Professional fees 552 0
Amortization of deferred offering costs 408 0
Other general and administrative expenses 208 0
Directors' fees 86 0
Management fees 42 0
Total Expenses 2,699 483
Less: Expenses waived by Advisor (Note 3) (762) (186)
Less: Expense Support (Note 3) (1,313) (297)
Reimbursement of expense support (Note 3) 464 0
Net Expenses 1,088 0
Net Investment Income (Loss) (25) 0
Net change in unrealized gains (losses):    
Non-controlled, non-affiliated investments (28) 0
Total Net Unrealized and Realized Gains (Losses) (28) 0
Net Increase (Decrease) in Net Assets Resulting from Operations (53) 0
Preferred Stock dividends (46) 0
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stock $ (99) $ 0 [1]
Per Share Information - Basic and Diluted    
Net investment income (loss) per share of Common Stock (basic and diluted) [2],[5] $ (0.02) [3],[4] $ 0
Earnings per share of Common Stock, basic [2],[5] (0.07) 0 [1]
Earnings per share of Common Stock, diluted [2],[5] $ (0.07) $ 0 [1]
Weighted average shares of Common Stock outstanding, basic [2] 1,350,604 [3] 0 [1]
Weighted average shares of Common Stock outstanding, diluted [2] 1,350,604 [3] 0 [1]
[1] There were no shares of Common Stock outstanding as of March 31, 2024, or for the three months ended March 31, 2024.
[2]

(2) There were no shares of Common Stock outstanding for the three months ended March 31, 2024.
[3] Financial highlights for the three months ended March 31, 2024 are not presented as this period was prior to August 30, 2024, the date on which the Company became subject to the reporting requirements under the 1934 Act.
[4] Per share amounts are calculated based on the weighted average shares outstanding during the period.
[5] (1) 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