NAV is calculated in accordance with the valuation guidelines approved by our board of trustees.
drawn leverage, unsettled trade payables and other liabilities). The repayment of any amounts owed to our affiliates will reduce future distributions to which you would otherwise be entitled.ĥ Net Asset Value is calculated as total assets (i.e., investments at fair market value, cash, trade receivables and other assets)less total liabilities (i.e. Distribution may also be funded in significant part, directly or indirectly, from temporary waivers or expense reimbursements borne by the Adviser or its affiliates, that may be subject to reimbursement to the Adviser or its affiliates. Currently, 100% of inception-to-date distributions were funded from cash flows from operations.
We cannot guarantee that we will make distributions, and if we do, we may fund such distributions from sources other than cash flow from operations, including the sale of assets, borrowings, return of capital or offering proceeds, and although we generally expect to fund distributions from cash flow from operations, we have not established limits on the amounts we may pay from such other sources. Distributions have been and may in the future be funded through sources other than cash flow. Distributions are not guaranteed and may be suspended. Distribution amounts and the frequency of distribution payments are subject to board approval and may change. Totals may not sum due to rounding.ĤDistribution rate reflects the most recently declared monthly annualized distributions divided by the most recently reported net asset value. Measured as the fair value of investments for each category against the total fair value of all investments. Accordingly, we make no representation or warranty in respect of this information.Ģ Average position size (committed par amount) is calculated as a percentage of contributed capital and total size of the credit facility.ģ Industry diversification based on Moody's industry breakdown. Amounts were derived from the most recently available portfolio company financial statements, have not been independently reviewed by us, and may reflect a normalized or adjusted amount. Amounts are weighted based on fair market value of each respective investment. 1 Weighted Average EBITDA: The weighted average metrics include all private debt investments for which fair value is determined by the Board of Trustees in conjunction with third-party valuation firms and excludes quoted assets.
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