Risk Factors Update Summary

• Failure to maintain BDC status may subject us to additional regulatory restrictions, significantly reducing flexibility.
• Climate change risks highlighted, affecting energy companies and portfolio companies' financial conditions.
• Failure to comply with applicable requirements could have a material adverse effect on portfolio companies.
• Failure to qualify as a RIC could result in corporate-level income tax, reducing net assets.
• Added risks related to OID and PIK interest, impacting income recognition and RIC qualification.
• Fluctuations in quarterly operating results due to various factors, including interest rates and competition.
• Loss of key personnel could have a material adverse effect on achieving investment objectives.
• Inability to access capital markets may limit growth potential and increase funding costs.
• Changes in investment strategy may result in lower returns compared to historical performance.
• Increased risk due to potential failure to qualify as a RIC, impacting investment strategies.
• Cybersecurity risks added, including potential disruptions, data breaches, and financial losses.
• Changes in investment personnel could limit access to deal flow, affecting investment opportunities.
• Increased risk of overconcentration for stockholders participating in the distribution reinvestment plan.
• Increased risk of financial losses and operational disruptions due to system failures and external events.