Risk Factors Update Summary
- Elevated interest rates could lead to bankruptcy or insolvency of portfolio companies, impacting returns.
- The Investment Management Agreement was reapproved by the Board on October 27, 2023.
- Most of the portfolio companies will need additional capital, which may not be readily available.
- Risks associated with investments having original issue discount (OID) and PIK features are highlighted.
- The Investment Management Agreement is now effective for two years from the date of approval.
- Failure to meet performance targets could result in being subject to tax as a RIC.
- The company is exposed to risks associated with original issue discount and PIK instruments.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1487428&owner=exclude
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