Risk Factors Update Summary

• The assets under management increased from $60 billion to $64 billion as of December 31, 2022.
• The Company realized a loss of $2.3 million from extinguishment of debt due to a transaction.
• The Company entered into a Facility on December 24, 2021, with a credit limit increase to $665.0 million.
• The company may incur significant costs as a public company, including increased auditing and legal fees.
• The Company entered into a Second Supplemental Indenture on June 15, 2023, adopting an alternate reference rate.
• The investment in the 12-month period ended September 30, 2023, decreased from $5 billion to $1 billion.
• The fair value of Investment B increased from $32 million to $45 million in Year 4.
• The Company repurchased shares on July 16, 2021, resulting in a realized loss of $0.7 million.
• The Revolving Advisor Loan had a credit limit of $50.0 million and matured on March 27, 2023.
• The company intends to make distributions on a quarterly basis, based on relevant factors.
• The 2023 Notes were scheduled to mature on June 10, 2023, with an interest rate of 8.50%.
• The Company adopted a dividend reinvestment plan for stockholders to reinvest dividends automatically.
• The company's stockholders do not have preemptive rights, leading to potential dilution.
• The net asset value across all quarters increased from $2,386,977 to $2,419,938.
• The pre-incentive fee net investment income for Q1 increased from $4,000,000 to $4,500,000.
• Compliance with Section 404 requires a rigorous program and adequate time.
• Economic recessions could impair the company's portfolio companies, affecting operating results.
• The pre-incentive fee net investment income for Q2 increased from $3,500,000 to $3,000,000.
• The company is highly dependent on information systems, impacting financial condition and operations.
• The pre-incentive fee net investment income for Q3 increased from $7,500,000 to $8,000,000.
• Geopolitical events may have a material adverse impact on the company's investments.