Maintained Net Investment Income
Net investment income of approximately $5.4 million, or $0.07 per share, for the quarter (slight decrease from $5.6 million prior quarter, approximately -3.6%).
Slight Increase in Total Investment Income
Total investment income of approximately $10.4 million versus $10.2 million in the prior quarter, an increase of roughly 1.96% quarter-over-quarter.
Shareholder Distributions and Dividend Guidance
Distributed $0.105 per share during the quarter; Board declared monthly distributions of $0.035 per share for April, May and June 2026 (consistent distribution policy).
Capital Raised via ATM Offering
Issued approximately 4.3 million shares under an at-the-market offering, generating net proceeds of approximately $7.9 million to support investment activity and liquidity.
Active Investment Activity and Portfolio Positioning
Quarter purchases of approximately $18 million and repayments of approximately $7.4 million (net new deployment of ~ $10.6 million). Management noted focus on first-lien, primarily B2B loans and sees selective opportunities in the primary and secondary markets.
Improved 12-Month Trailing Default Rate (Index)
12-month trailing default rate for the loan index decreased to 1.23% from 1.47% at the end of the prior quarter (a relative decline of ~16.3%).