Regulation FD Disclosure (Form 8-K)

Portfolio and Business Commentary

(All figures as of December 31, 2025, unless otherwise noted.)

For the quarter ended December 31, 2025, the Company's net asset value ("NAV") per share was $20.81, compared to $21.53 as of September 30, 2025. The quarter-over-quarter change in NAV per share was driven primarily by unrealized losses from certain of the Company's investments in the portfolio. Dividends for the quarter ended December 31, 2025 were $0.54 per share, representing an annualized distribution yield of 10.38% based on fourth quarter NAV per share.¹ The Company's quarterly and year-to-datereturn through December 31, 2025 were -0.84%and -1.88%,respectively. For the quarter ended December 31, 2025, 68% of the gross unrealized losses were driven by four portfolio companies, three of which were Level 3 assets (all Level 3 assets are valued by an independent third party) and one of which was Level 2.

As of December 31, 2025, the fair market value of the Company's portfolio was $395.4 million across 57 portfolio companies and 18 industries. The Company's unfunded commitments were $17.3 million at December 31, 2025. Our portfolio remained defensively positioned with 97% first lien debt investments and 98% floating rate investments (including funded and unfunded commitments) based on par value, underscoring our focus to position the portfolio at the top of the capital structure in high quality credits. As of December 31, 2025, there were two investments placed on non-accrualstatus, unchanged from prior quarter end. As of December 31, 2025, the Company's net leverage ratio was 1.08x², which was within our target leverage ratio of 0.75x to 1.25x, and the Company had remaining facility sizes totaling $161.0 million.³

As of December 31, 2025, the weighted average senior leverage of the portfolio at the time of commitment was approximately 5.3x, the loan-to-valueratio was approximately 45%, and the weighted average spread over reference rate to the London Interbank Offered Rate ("LIBOR"), Secured Overnight Financing Rate ("SOFR"), and Canadian Dollar Offered Rate ("CDOR") was 591 bps. For the quarter and year ended December 31, 2025, the weighted average spread of new investments for the portfolio was 469 and 484 bps, respectively. The weighted average spread on the portfolio as of the quarter ended December 31, 2025 was 531 bps.

During the fourth quarter, the Company closed on three new borrowers to the portfolio and completed five exits. As of December 31, 2025, 90% of the Company's loan portfolio based on fair value was priced above 85 cents on the dollar.

The information disclosed under this Item 7.01 is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing.

Net Asset Value

The net asset value ("NAV") per share of the Company as of December 31, 2025, as determined in accordance with the Company's valuation policy, is set forth below.

As of December 31, 2025, the Company's aggregate net asset value was $194.1 million and the fair value of its investment portfolio was $395.4 million.

Status of Offering

The Company has sold Common Shares as part of the Private Offering. The following table lists the Common Shares issued and total consideration for the Private Offering as of the date of this filing. The Company intends to continue selling Common Shares in the Private Offering on a quarterly basis.