2 unchanged sentences
There is not currently, and until an Exchange Listing we do not expect there to be, a public market for our shares, nor can we give any assurance that one will develop.
−Removed: Our shares may not be sold, transferred, assigned, pledged or otherwise disposed of unless (i) our Adviser consents to such transfer and (ii) the shares is registered under applicable securities laws or specifically exempted from registration (in which case the shareholder may, at our option, be required to provide us with a legal opinion, in form and substance satisfactory to us, that registration is not required).
+Added: Our shares may not be sold, transferred, assigned, pledged or otherwise disposed of unless (i) our Adviser consents to such transfer and (ii) the shares are registered under applicable securities laws or specifically exempted from registration (in which case the shareholder may, at our option, be required to provide us with a legal opinion, in form and substance satisfactory to us, that registration is not required).
Accordingly, an investor must be willing to bear the economic risk of investment in the shares until we are liquidated.
9 unchanged sentences
February 26, 2020 March 31, 2020 May 15, 2020 0.3407 27,688
−Removed: March 26, 2019 March 31, 2019 May 15, 2019 0.0225 565
−Removed: June 26, 2019 June 26, 2019 August 14, 2019 0.4780 12,010
+Added: April 7, 2020 April 7, 2020 August 14, 2020 0.0385 3,129
June 29, 2020 June 30, 2020 August 14, 2020 0.4615 44,454
−Removed: August 8, 2019 August 8, 2019 November 14, 2019 0.2120 7,967
−Removed: September 24, 2019 September 24, 2019 November 14, 2019 0.2554 9,973
−Removed: September 24, 2019 September 30, 2019 November 14, 2019 0.0326 1,752
+Added: July 14, 2020 July 14, 2020 November 13, 2020 0.0761 7,330
+Added: July 27, 2020 July 27, 2020 November 13, 2020 0.0707 7,185
+Added: August 26, 2020 September 30, 2020 November 13, 2020 0.3532 36,021
+Added: November 5, 2020 November 5, 2020 January 29, 2021 0.1957 19,958
December 14, 2020 December 14, 2020 January 29, 2021 0.2120 22,654
December 14, 2020 December 14, 2020 January 29, 2021 0.3000 32,057 (1)
+Added: December 14, 2020 December 31, 2020 January 29, 2021 0.0923 11,968
Total distributions $ 2.3000 $ 222,685
−Removed: Pursuant to our dividend reinvestment plan, the following table summarizes the amounts received and shares issued to shareholders who have not opted out of our dividend reinvestment plan during the year ended December 31, 2019 (dollars in thousands except per share amounts):
+Added: (1) Represents a special distribution
+Added: Pursuant to our dividend reinvestment plan, the following table summarizes the amounts received and shares issued to shareholders who have not opted out of our dividend reinvestment plan during the year ended December 31, 2020 (dollars in thousands except share amounts):
Payment Date DRIP Shares Value DRIP Shares Issued
+Added: January 30, 2020 $ 2,882 112,302
May 15, 2020 4,244 194,694
3 unchanged sentences
All of the dividends declared during the year ended December 31, 2020 were derived from ordinary income, determined on a tax basis.
−Removed: During the period from November 20, 2018 (commencement of operations) to December 31, 2018, no distributions were declared or paid by the Company.
Recent Sales of Unregistered Securities and Use of Proceeds
Except as previously reported by the Company on its current reports on Form 8-K, we did not sell any securities during the period covered by this Annual Report that were not registered under the Securities Act.
−Removed: Selected Financial Data.
−Removed: The following table below sets forth our selected consolidated historical financial data.
−Removed: The selected consolidated historical financial data has been derived from our audited consolidated financial statements, which is included elsewhere in this Form 10-K.
−Removed: The selected consolidated financial information and other data presented below should be read in conjunction with our consolidated financial statements and notes thereto and “ITEM 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations,” which are included elsewhere in this Annual Report (dollar amounts in thousands, expect for per share data).
−Removed: The year ended December 31, 2018 represents the period from November 20, 2018 (commencement of operations) to December 31, 2018.
−Removed: For the Year Ended December 31, 2019 For the Year Ended December 31, 2018
−Removed: Consolidated Statements of Operations Data
−Removed: Investment income:
−Removed: Total investment income $ 148,048 $ 3,174
−Removed: Net expenses (including excise tax expense) 74,194 1,887
−Removed: Net investment income 73,854 1,287
−Removed: Net unrealized appreciation (depreciation) 28,329 (3,650)
−Removed: Net realized gain (loss) 4,023 (581)
−Removed: Net increase (decrease) in net assets resulting from operations $ 106,206 $ (2,944)
−Removed: Per share data
−Removed: Net investment income per share (basic and diluted) $ 2.18 $ 0.17
−Removed: Earnings (loss) per share (basic and diluted) $ 3.14 $ (0.39)
−Removed: Distributions declared $ 2.00 $ —
−Removed: December 31, 2019 December 31, 2018
−Removed: Consolidated Balance Sheet Data
−Removed: Cash and cash equivalents $ 65,495 $ 6,228
−Removed: Investments at fair value 3,092,440 545,325
−Removed: Total assets 3,190,107 574,743
−Removed: Total debt 1,454,214 185,000
−Removed: Total liabilities 1,516,990 338,378
−Removed: Total net assets 1,673,117 236,365
−Removed: Net asset value per share $ 26.02 $ 24.57
+Added: The selected financial data previously required by Item 301 of Regulation S-K has been omitted in reliance on SEC Release No.
+Added: 33-10890, Management's Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.