| Schedule of Fair Value of Control and Affiliate Investments |
The
table below represents the fair value of control and affiliate investments at December 31, 2025 and any amortization, purchases, sales,
and realized and change in unrealized gain (loss) made to such investments, as well as the ending fair value as of March 31, 2026.
|
Portfolio Company/Type of Investment(1)
|
| Principal
Amount/Shares/
Ownership %
at March 31,
2026 |
|
| Amount of
Interest
and
Dividends
Credited
in Income |
|
| Fair Value at
December 31,
2025 |
|
| Purchases(2) |
|
| Sales |
|
|
Transfers from
Restructuring/ Transfers into
Control
Investments
|
|
| Change in
Unrealized
Gains/(Losses) |
|
| Fair
Value
at March 31,
2026 |
|
| Control Investments |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| Advantis Certified Staffing Solutions, Inc. |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| Second Lien Loan, 12.0% Cash, due 11/30/2021(3)
|
| $ |
4,500,000 |
|
| $ |
- |
|
| $ |
3,714,696 |
|
| $ |
- |
|
| $ |
- |
|
| $ |
- |
|
| $ |
(281,067 |
) |
| $ |
3,433,629 |
|
| Unsecured loan Consolidated BL Note 6.33% due 12/31/2027 |
| $ |
1,381,586 |
|
| |
21,564 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Common Stock – Series A (3)
|
| |
225,000 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Common Stock – Series B (3)
|
| |
9,500,000 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Warrant for 250,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3)
|
| |
1 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Warrant for 700,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3)
|
| |
1 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| PCC SBH Sub, Inc. |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Common Stock (3)
|
| |
100 |
|
| |
- |
|
| |
884,342 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
(22,155 |
) |
| |
862,187 |
|
| First lien Revolving Loan 10%, due 5/8/2026 (4)
|
| |
135,000 |
|
| |
|
|
| |
135,000 |
|
| |
- |
|
| |
|
|
| |
|
|
| |
- |
|
| |
135,000 |
|
| Rockfish Seafood Grill, Inc. |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3)
|
| $ |
6,352,944 |
|
| |
- |
|
| |
5,020,776 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
192,064 |
|
| |
5,212,840 |
|
| Revolving Loan, 8% Cash, due 12/31/2027 |
| $ |
2,251,000 |
|
| |
45,020 |
|
| |
2,433,581 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
2,433,581 |
|
| Rockfish Holdings, LLC |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
Warrant
for Membership Interest, exercise price $0.001 per 1% membership interest, expires 7/28/2028 (3) |
| |
10.0 |
% |
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Membership Interest – Class A (3)
|
| |
99.997 |
% |
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Total Control Investments |
| |
|
|
| $ |
66,584 |
|
| $ |
12,188,395 |
|
| $ |
- |
|
| $ |
- |
|
| $ |
- |
|
| $ |
(111,158 |
) |
| $ |
12,077,237 |
|
|
(1) |
Represents an illiquid investment. |
|
(2) |
Includes PIK interest. |
|
(3) |
Non-income producing security. |
|
(4) |
Represents an investment valued using significant unobservable
inputs. |
The
table below represents the fair value of control and affiliate investments at December 31, 2024 and any amortization, purchases, sales,
and realized and change in unrealized gain (loss) made to such investments, as well as the ending fair value as of March 31, 2025.
|
Portfolio Company/Type of Investment (1)
|
|
Principal Amount/Shares/ Ownership % at March 31, 2025
|
|
| Amount of
Interest and Dividends Credited in Income |
|
| Fair
Value at
December 31,
2024 |
|
| Purchases (2) |
|
| Sales |
|
|
Transfers from
Restructuring/ Transfers into
Control
Investments
|
|
| Change in
Unrealized
Gains/(Losses) |
|
| Fair
Value
at March 31,
2025 |
|
| Control Investments |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| Advantis Certified Staffing Solutions, Inc. |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| Second Lien Loan, 12.0% Cash, due 11/30/2021(3) |
| $ |
4,500,000 |
|
| $ |
- |
|
| $ |
3,836,547 |
|
| $ |
- |
|
| $ |
- |
|
| $ |
- |
|
| $ |
29,644 |
|
| $ |
3,866,191 |
|
| Unsecured loan Consolidated BL Note 6.33% due 12/31/2027 |
| $ |
1,381,586 |
|
| |
21,564 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Common Stock – Series A (3) |
| |
225,000 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Common Stock – Series B (3) |
| |
9,500,000 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Warrant for 250,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3) |
| |
1 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Warrant for 700,000 Shares of Series A Common Stock, exercise price $0.01 per share, expires 1/1/2027(3) |
| |
1 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Dominion Medical Management, Inc. |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| First Lien Loan, 12.0% Cash, 6% PIK due, 3/31/2020 (2) (3) |
| $ |
1,516,144 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Integrated Medical Partners, LLC |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Preferred Membership – Class A units (3) |
| |
800 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Preferred Membership – Class B units (3) |
| |
760 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Common Units (3) |
| |
14,082 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| PCC SBH Sub, Inc. |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| Common Stock (3) |
| |
100 |
|
| |
- |
|
| |
1,379,019 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
(129,643 |
) |
| |
1,249,376 |
|
| First lien Revolving Loan 10%, due 5/8/2026 (4) |
| |
80,000 |
|
| |
|
|
| |
80,000 |
|
| |
- |
|
| |
|
|
| |
|
|
| |
- |
|
| |
80,000 |
|
| Rockfish Seafood Grill, Inc. |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| First Lien Loan, 8% Cash, 6.0% PIK, due 3/31/2018 (2) (3) |
| $ |
6,352,944 |
|
| |
- |
|
| |
7,519,963 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
(1,179,891 |
) |
| |
6,340,072 |
|
| Revolving Loan, 8% PIK, due 12/31/2027 |
| $ |
2,251,000 |
|
| |
45,020 |
|
| |
2,251,000 |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
2,251,000 |
|
| Rockfish Holdings, LLC |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
Warrant for Membership Interest, exercise price $0.001 per 1% membership interest, expires 7/28/2028 (3) |
| |
10.0 |
% |
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Membership Interest – Class A (3) |
| |
99.997 |
% |
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| |
- |
|
| Total Control Investments |
| |
|
|
| $ |
66,584 |
|
| $ |
15,066,529 |
|
| $ |
- |
|
| $ |
- |
|
| $ |
- |
|
| $ |
(1,279,890 |
) |
| $ |
13,786,639 |
|
|
(1) |
Represents an illiquid investment. |
|
(2) |
Includes PIK interest. |
|
(3) |
Non-income producing security. |
|