SCHEDULE 13G 0000938543 XXXXXXXX LIVE Common Stock, par value $0.01 per share 11/08/2024 0001944831 Willow Tree Capital Corp 000000000 450 PARK AVENUE 29TH FLOOR NEW YORK NY 10022 Rule 13d-1(c) HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL PA 1916962.49 0.00 1916962.49 0.00 1916962.49 N 10.6 CO Willow Tree Capital Corp 450 Park Avenue, 29th Floor, New York, NY 10022 HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 100 Mansion Road East, Hershey, PA 17033 Pennsylvania Y On November 8, 2024, Willow Tree Capital Offshore Fund, LLC merged with Willow Tree Capital Corporation, a Maryland corporation ("Willow Tree Capital"), with Willow Tree Capital as the surviving entity. Also on November 8, 2024, Willow Tree Capital elected to become a regulated business development company under the Investment Company Act of 1940. As a result, the membership units of Willow Tree Capital Offshore Fund, LLC were exchanged for shares of common stock, par value $0.01, of Willow Tree Capital (the "Common Stock") and the Reporting Person acquired 1,588,458.73 shares of the Common Stock in exchange for its units of Willow Tree Capital Offshore Fund, LLC. On December 23, 2024, the Reporting Person acquired 513,876.12 shares of Common Stock at a price of $15.64 per share, from the Company. On March 28, 2025, the Reporting Person acquired 328,503.76 shares of Common Stock at a price of $16.18 per share, from the Company. 10.6% See Row (5) of the Reporting Person's cover page. See Row (6) of the Reporting Person's cover page. See Row (7) of the Reporting Person's cover page. See Row (8) of the Reporting Person's cover page. Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL /s/ Terry A. Davis 04/07/2025