3 unchanged sentences
Prior to October 5, 2021, our shares were not listed on an exchange or quoted through a quotation system.
−Removed: The following table sets forth, for each fiscal quarter for the fiscal year ending December 31, 2025 and for the fiscal years ended December 31, 2024 and 2023, the NAV per share of our common stock, the range of high and low closing sales prices of our common stock reported on the NYSE, the closing sales price as a premium (discount) to NAV and distributions declared by us.
+Added: The following table sets forth, for the first fiscal quarter for the fiscal year ending December 31, 2026 and for the fiscal years ended December 31, 2025 and 2024, the NAV per share of our common stock, the range of high and low closing sales prices of our common stock reported on the NYSE, the closing sales price as a premium (discount) to NAV and distributions declared by us.
On March 4, 2026, the last reported closing sales price of our common stock on the NYSE was $8.11 per share, which represented a discount of approximately ( 41.1 )% to the NAV per share reported by us as of December 31, 2025.
34 unchanged sentences
On October 5, 2021, our shares of common stock commenced trading on the NYSE under the ticker symbol “CION”.
−Removed: As approved by shareholders on September 7, 2021, the Listing was staggered such that (i) up to 1/3rd of shares held by all shareholders were available for trading upon Listing, (ii) up to 2/3rd of shares held by all shareholders were available for trading starting 180 days after Listing, or April 4, 2022, and (iii) all shares were available for trading starting 270 days after Listing, or July 5, 2022.
On February 26, 2023, our common stock and our Series A Notes listed in Israel on the TASE under the ticker symbol “CION” and "CION B1", respectively.
−Removed: On October 9, 2024, our 2029 Notes commenced trading on the NYSE under the ticker symbol “CICB”.
+Added: On October 9, 2024, our 2029 Notes commenced trading on the NYSE under the ticker symbol “CICB” and on February 12, 2026, our 2031 Notes commenced trading on the NYSE under the ticker symbol "CICC".
Distributions and Distribution Reinvestment Plan
−Removed: We did not declare or pay any distributions during 2012.
−Removed: In January 2013, we began authorizing monthly distributions to our shareholders.
−Removed: From February 1, 2014 through July 17, 2017, our board of directors authorized and declared on a monthly basis a weekly distribution amount per share of our common stock.
−Removed: On July 18, 2017, our board of directors authorized and declared on a quarterly basis a weekly distribution amount per share of our common stock.
−Removed: Effective September 28, 2017, our board of directors delegated to management the authority to determine the amount, record dates, payment dates and other terms of distributions to shareholders, which are ratified by our board of directors, each on a quarterly basis.
−Removed: Beginning on March 19, 2020, we changed the timing of declaring distributions from quarterly to monthly and temporarily suspended the payment of distributions to shareholders commencing with the month ended April 30, 2020.
−Removed: On July 15, 2020, our board of directors determined to recommence the payment of distributions to shareholders in August 2020.
+Added: Effective September 28, 2017, our board of directors delegated to management the authority to determine the amount, record dates, payment dates and other terms of distributions to shareholders, which are ratified by our board of directors on a quarterly basis.
On September 15, 2021, we changed the timing of declaring and paying base distributions to shareholders from monthly to quarterly commencing with the fourth quarter of 2021.
−Removed: Base distributions in respect of future quarters and any supplemental or special distributions will be evaluated by management and the board of directors based on circumstances and expectations existing at the time of consideration.
−Removed: Subject to our board of directors’ discretion and applicable legal restrictions, our management intends to continue to authorize and declare, and our board of directors intends to continue to ratify, a quarterly base distribution amount per share of our common stock.
−Removed: Declared base distributions are paid quarterly.
+Added: On November 3, 2025, we changed the timing of paying base distributions to shareholders from quarterly to monthly commencing in January 2026.
+Added: Monthly base distributions will be declared quarterly in advance.
+Added: Base distributions in respect of future months and any supplemental or special distributions will be evaluated by management and the board of directors based on circumstances and expectations existing at the time of consideration.
+Added: Subject to our board of directors’ discretion and applicable legal restrictions, our management intends to continue to authorize and declare, and our board of directors intends to continue to ratify, a monthly base distribution amount per share of our common stock.
We will calculate each shareholder’s specific distribution amount for the period using record and declaration dates and each shareholder’s distributions will begin to accrue on the date such shareholder first owns shares of our common stock.
16 unchanged sentences
March 31, 2024 (one record date)
−Removed: June 30, 2022 (one record date) 0.28 15,949
+Added: $ 0.34 $ 18,279
+Added: June 30, 2024 (two record dates)
September 30, 2024 (one record date)
1 unchanged sentence
Total distributions for the year ended December 31, 2024
+Added: $ 1.52 $ 81,308
March 31, 2025 (one record date)
+Added: $ 0.36 $ 19,149
June 30, 2025 (one record date)
−Removed: September 30, 2023 (two record dates) 0.39 21,276
−Removed: December 31, 2023 (three record dates) 0.54 29,290
−Removed: Total distributions for the year ended December 31, 2023 $ 1.61 $ 87,867
−Removed: March 31, 2024 (one record date) $ 0.34 $ 18,279
−Removed: June 30, 2024 (two record dates) 0.41 21,960
September 30, 2025 (one record date)
−Removed: December 31, 2024 (two record dates) 0.41 21,835
+Added: December 31, 2025 (one record date)
Total distributions for the year ended December 31, 2025
$ 1.44 $ 75,361
−Removed: On March 10, 2025, our co-chief executive officers declared a quarterly base distribution of $0.36 per share for the first quarter of 2025 payable on April 11, 2025 to shareholders of record as of March 28, 2025.
−Removed: In connection with the Listing of our shares of common stock on the NYSE, on September 15, 2021, we terminated our previous fifth amended and restated distribution reinvestment plan, or the Old DRP.
−Removed: The final distribution reinvestment under the Old DRP was made as part of the monthly base distribution paid on September 14, 2021.
−Removed: On September 15, 2021, we adopted a new distribution reinvestment plan, or the New DRP, which became effective as of the Listing and first applied to the reinvestment of distributions paid on December 8, 2021.
−Removed: Under the Old DRP and prior to the Listing, distributions to participating shareholders who “opted in” to the Old DRP were reinvested in additional shares of our common stock at a purchase price equal to the estimated NAV per share of common stock as of the date of issuance.
−Removed: The New DRP is an “opt out” distribution reinvestment plan for our shareholders.
+Added: On January 6, 2026, our co-chief executive officers declared base distributions of $0.10 per share for each of January, February, and March 2026, which were paid or will be payable to shareholders as follows:
+Added: Declaration Date Record Date Payment Date Amount Per Share
+Added: January 6, 2026 January 16, 2026 January 30, 2026 $ 0.10
+Added: January 6, 2026 February 13, 2026 February 27, 2026 $ 0.10
+Added: January 6, 2026 March 13, 2026 March 27, 2026 $ 0.10
+Added: On March 9, 2026, our co-chief executive officers declared base distributions of $0.10 per share for each of April, May and June 2026, which will be payable to shareholders as follows:
+Added: Declaration Date Record Date Payment Date Amount Per Share
+Added: March 9, 2026 April 10, 2026 April 24, 2026 $ 0.10
+Added: March 9, 2026 May 15, 2026 May 29, 2026 $ 0.10
+Added: March 9, 2026 June 12, 2026 June 26, 2026 $ 0.10
+Added: In connection with the Listing of our shares of common stock on the NYSE, on September 15, 2021, we adopted a new distribution reinvestment plan, or the DRP.
+Added: The DRP is an “opt out” distribution reinvestment plan for our shareholders.
As a result, unless shareholders specifically elect to receive their distributions in cash, distributions will automatically be reinvested in additional shares of our common stock.
−Removed: Under the New DRP, we reserve the right, subject to the provisions of the 1940 Act, to either issue new shares or cause the plan administrator to purchase shares in the open market for the accounts of plan participants in connection with implementation of the New DRP.
+Added: Under the DRP, we reserve the right, subject to the provisions of the 1940 Act, to either issue new shares or cause the plan administrator to purchase shares in the open market for the accounts of plan participants in connection with implementation of the DRP.
We intend to use primarily newly issued shares of our common stock to implement the distribution reinvestment plan, so long as such shares are trading at or above NAV.
6 unchanged sentences
If shareholders hold common stock in the name of a broker or financial intermediary, they should contact the broker or financial intermediary regarding their election to receive distributions in cash.
−Removed: The table below provides information concerning our purchases of shares of our common stock in the open market during the years ended December 31, 2024 and 2023 pursuant to the New DRP in order to satisfy the reinvestment portion of our distributions.
+Added: The table below provides information concerning our purchases of shares of our common stock in the open market during the years ended December 31, 2025 and 2024 pursuant to the DRP in order to satisfy the reinvestment portion of our distributions.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under Publicly Announced Plans or Programs
January 1 to January 31, 2024
+Added: 92,108 $ 11.05 92,108 (1)
February 1 to February 29, 2024
March 1 to March 31, 2024
+Added: 170,571 11.09 170,571 (1)
April 1 to April 30, 2024
1 unchanged sentence
June 1 to June 30, 2024
+Added: 135,440 12.44 135,440 (1)
July 1 to July 31, 2024
+Added: 18,789 12.51 18,789 (1)
August 1 to August 31, 2024
September 1 to September 30, 2024
+Added: 131,659 12.10 131,659 (1)
October 1 to October 31, 2024
1 unchanged sentence
December 1 to December 31, 2024
+Added: 130,792 11.85 130,792 (1)
Total for the year ended December 31, 2024
1 unchanged sentence
January 1 to January 31, 2025
+Added: 19,368 $ 11.49 19,368 (1)
February 1 to February 28, 2025
1 unchanged sentence
April 1 to April 30, 2025
+Added: 159,518 9.13 159,518 (1)
May 1 to May 31, 2025
June 1 to June 30, 2025
+Added: 151,264 9.29 151,264 (1)
July 1 to July 31, 2025
1 unchanged sentence
September 1 to September 30, 2025
+Added: 136,868 10.07 136,868 (1)
October 1 to October 31, 2025
1 unchanged sentence
December 1 to December 31, 2025
+Added: 136,151 10.08 136,151 (1)
Total for the year ended December 31, 2025
603,169 $ 9.67 603,169 (1)
−Removed: (1) See the description of the New DRP above.
+Added: (1) See the description of the DRP above.
The following table reflects the sources of distributions on a GAAP basis that were declared during the years ended December 31, 2025, 2024 and 2023:
9 unchanged sentences
On August 27, 2024, our shareholders approved our ability to sell or otherwise issue during the next year shares of our common stock at a price below our then current NAV per share in one or more public or private offerings of our common stock not exceeding 25% of such then outstanding shares.
−Removed: If we issue such shares through August 27, 2025, or receive such approval from shareholders in the future, we may issue shares of our common stock at a price below the then current NAV per share of common stock.
+Added: Through the expiration of such shareholder approval on August 27, 2025, we did not issue any such shares.
+Added: If we receive such approval from shareholders again in the future, we may issue shares of our common stock at a price below the then current NAV per share of common stock.
Recent Sales of Unregistered Equity Securities
1 unchanged sentence
Share Repurchases
−Removed: Pre-Listing Share Repurchase Program
−Removed: Prior to October 5, 2021, our common stock was not listed on any securities exchange.
−Removed: In order to provide shareholders with a measure of liquidity, beginning in the first quarter of 2014, we began offering to repurchase common stock on a quarterly basis on such terms as were determined by our board of directors in its complete and absolute discretion unless, in the judgment of the independent directors of our board of directors, such repurchases would not have been in the best interests of our shareholders or would have violated applicable law.
−Removed: We conducted such repurchase offers in accordance with the requirements of Rule 13e-4 of the Exchange Act and the 1940 Act.
−Removed: The offer to repurchase common stock was conducted solely through tender offer materials made available to each shareholder.
−Removed: On July 30, 2021, our board of directors, including the independent directors, determined to suspend our pre-Listing share repurchase program commencing with the third quarter of 2021 in anticipation of the Listing and the concurrent enhanced liquidity the Listing was expected to provide.
−Removed: The pre-Listing share repurchase program ultimately terminated upon the Listing.
−Removed: Post-Listing Share Repurchase Policy
−Removed: On September 15, 2021, our board of directors, including the independent directors, approved a share repurchase policy, or the Post-Listing Share Repurchase Policy.
−Removed: Under the Post-Listing Share Repurchase Policy, we were authorized to repurchase up to $50 million of our outstanding common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions.
−Removed: On June 24, 2022, our board of directors, including the independent directors, increased the amount of shares of common stock that may be repurchased under the Post-Listing Share Repurchase Policy by $10 million to up to an aggregate of $60 million.
+Added: Share Repurchase Policy
+Added: On September 15, 2021, our board of directors, including the independent directors, approved a share repurchase policy authorizing us to repurchase up to $50 million of our outstanding common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions.
+Added: On June 24, 2022, our board of directors, including the independent directors, increased the amount of shares of common stock that may be repurchased under the share repurchase policy by $10 million to up to an aggregate of $60 million.
+Added: On August 5, 2025, our board of directors, including the independent directors, further increased the amount of shares of our common stock that may be repurchased under the share repurchase policy by $20 million to up to an aggregate of $80 million.
The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at our discretion.
Factors include, but are not limited to, share price, trading volume and general market conditions, along with our general business conditions.
−Removed: The Post-Listing Share Repurchase Policy may be suspended or discontinued at any time and does not obligate us to acquire any specific number of shares of our common stock.
−Removed: On August 19, 2024, a s part of the Post-Listing Share Repurchase Policy, we entered into a new trading plan with an independent broker, Wells Fargo Securities, LLC, in accordance with Rule 10b5-1 of the Exchange Act, based in part on historical trading data with respect to our common stock.
+Added: The share repurchase policy may be suspended or discontinued at any time and does not obligate us to acquire any specific number of shares of our common stock.
+Added: On August 15, 2025, as part of the share repurchase policy, we entered into a new trading plan with an independent broker, Wells Fargo Securities, LLC, in accordance with Rule 10b5-1 of the Exchange Act, based in part on historical trading data with respect to our common stock.
The 10b5-1 trading plan permits common stock to be repurchased at a time that we might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions.
The 10b5-1 trading plan expires on August 15, 2026, and is subject to price, market volume and timing restrictions.
−Removed: The table below provides information concerning our repurchases of shares of our common stock in the open market during the years ended December 31, 2023 and 2024 pursuant to our Post-Listing Share Repurchase Policy.
+Added: The table below provides information concerning our repurchases of shares of our common stock in the open market during the years ended December 31, 2024 and 2025 pursuant to our s hare repurchase policy.
Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Repurchased Under Publicly Announced Plans or Programs(1)
January 1 to January 31, 2024
+Added: 125,304 $ 11.14 125,304 $ 31,700
February 1 to February 29, 2024
+Added: 165,876 10.97 165,876 29,883
March 1 to March 31, 2024
+Added: 132,851 10.95 132,851 28,431
April 1 to April 30, 2024
+Added: 168,002 11.14 168,002 26,564
May 1 to May 31, 2024
+Added: 27,449 11.67 27,449 26,244
June 1 to June 30, 2024
+Added: 39,531 12.14 39,531 25,765
July 1 to July 31, 2024
+Added: 71,305 12.35 71,305 24,885
August 1 to August 31, 2024
+Added: 26,874 11.93 26,874 24,565
September 1 to September 30, 2024
+Added: 67,558 11.86 67,558 23,764
October 1 to October 31, 2024
+Added: 77,367 11.91 77,367 22,846
November 1 to November 30, 2024
+Added: 24,104 11.63 24,104 22,566
December 1 to December 31, 2024
+Added: 69,146 11.59 69,146 21,766
Total for the year ended December 31, 2024
+Added: 995,367 995,367
January 1 to January 31, 2025
+Added: 89,466 $ 11.29 89,466 $ 20,758
February 1 to February 28, 2025
+Added: 63,383 12.01 63,383 19,998
March 1 to March 31, 2025
+Added: 33,013 12.13 33,013 19,598
April 1 to April 30, 2025
+Added: 315,943 9.36 315,943 16,648
May 1 to May 31, 2025
+Added: 95,782 9.76 95,782 15,714
June 1 to June 30, 2025
+Added: 287,840 9.26 287,840 13,056
July 1 to July 31, 2025
+Added: 230,738 9.86 230,738 10,786
August 1 to August 31, 2025(2)
+Added: 57,331 9.78 57,331 30,226
September 1 to September 30, 2025
+Added: 42,255 9.96 42,255 29,806
October 1 to October 31, 2025
+Added: 348,336 9.33 348,336 26,565
November 1 to November 30, 2025
+Added: 90,964 9.25 90,964 25,725
December 1 to December 31, 2025
+Added: 116,352 9.59 116,352 24,611
Total for the year ended December 31, 2025
+Added: 1,771,403 1,771,403
(1) Amounts do not include any commissions paid to W ells Fargo Securities, LLC on shares repurchased.
+Added: (2) Includes an additional $ 20,000 of shares of our common stock that may be repurchased under the share repurchase policy approved by our board of directors on August 5, 2025.
From January 1, 2026 to March 4, 2026, we repurchased 921,342 shares of common stock under the 10b5-1 trading plan for an aggregate purchase price of $ 8,245 , or an average purchase price of $ 8.95 per share.
23 unchanged sentences
Total estimated annual expenses (9)
−Removed: (1) In the event that the securities are sold to or through underwriters or agents, a corresponding prospectus supplement and any related free writing prospectus will disclose the applicable sales load (underwriting discount or commission) and the example will be updated accordingly.
+Added: (1) In the event that securities are sold to or through underwriters or agents, a corresponding prospectus supplement and any related free writing prospectus will disclose the applicable sales load (underwriting discount or commission) and the example will be updated accordingly.
Purchases of shares of our common stock on the secondary market are not subject to sales charges but may be subject to brokerage commissions or other charges.
26 unchanged sentences
The costs associated with such borrowings are indirectly borne by our shareholders.
−Removed: Interest payments on borrowed funds includes our interest expense based on borrowings under our $125 million 2026 Notes, our $30 million 2021 Term Loan (fully repaid as of September 24, 2024) and our $172.5 million 2029 Notes for the twelve months ended December 31, 2024, which pay or paid interest at 4.5%, 5.2% and 7.5% per year, respectively.
−Removed: In addition, interest payments on borrowed funds includes our interest expense based on borrowings under our $406.3 million JPM Credit Facility, our $150 million UBS Facility (terminated on February 13, 2025), our $114.8 million Series A Notes, our $200 million 2027 Notes, our $50 million 2022 Term Loan and our $30 million 2024 Term Loan for the twelve months ended December 31, 2024, which bore weighted average interest rates of 8.47%, 8.70%, 8.91 %, 9.68%, 8.64% and 8.40%, respectively.
−Removed: On February 13, 2025, we entered into our $125 million 2025 UBS Credit Facility with UBS, which pays interest at a floating rate equal to the three-month SOFR plus a credit spread of 2.75 % per year.
+Added: Interest payments on borrowed funds includes our interest expense based on borrowings under our $125 million 2026 Notes (which paid interest at 4.5% per year and were fully repaid by us on December 29, 2025), our $172.5 million 7.50% 2029 Notes, our $125 million 7.70% 2029 Notes and our $47.5 million 7.41% 2027 Notes for the twelve months ended December 31, 2025.
+Added: In addition, interest payments on borrowed funds includes our interest expense based on borrowings under our $375 million JPM Credit Facility, our $150 million UBS Repurchase Facility (which was terminated on February 13, 2025), our $114.8 million Series A Notes, our $200 million Floating Rate 2027 Notes, our $50 million 2022 Term Loan, our $30 million 2024 Term Loan and our $125 million UBS Credit Facility (which was entered into on February 13, 2025) for the twelve months ended December 31, 2025, which bore weighted average interest rates of 7.26 %, 8.07 %, 7.97 %, 8.59 %, 7.73 %, 8.03 % and 7.11 %, respectively.
+Added: On February 9, 2026, we issued and sold our $135 million 2031 Notes, which pay interest at a fixed rate of 7.50% per year.
We may borrow additional funds from time to time to make investments to the extent we determine that the economic situation is conducive to doing so.
33 unchanged sentences
JPM Credit Facility
−Removed: Fiscal 2024 $ 325,000 $ 1,730 $ — N/A
−Removed: Fiscal 2023 550,000 1,810 — N/A
+Added: $ 300,000 $ 1,620 $ — N/A
Fiscal 2024 325,000 1,730 — N/A
7 unchanged sentences
Fiscal 2016 224,423 3,040 — N/A
+Added: UBS Credit Facility
+Added: $ 100,000 $ 1,620 $ — N/A
Fiscal 2024 — 1,730 — N/A
7 unchanged sentences
Fiscal 2016 — 3,040 — N/A
+Added: 7.50% 2029 Notes
+Added: $ 172,500 $ 1,620 $ — $ 1,004
Fiscal 2024 172,500 1,730 — 1,014
6 unchanged sentences
Fiscal 2017 — 2,490 — N/A
+Added: Fiscal 2016 — 3,040 — N/A
Class and Year Total Amount Outstanding Exclusive of Treasury Securities(1) Asset Coverage Per Unit(2) Involuntary Liquidating Preference Per Unit(3) Average Market Value Per Unit(4)
+Added: 7.70% 2029 Notes
+Added: $ 125,000 $ 1,620 $ — N/A
Fiscal 2024 — 1,730 — N/A
7 unchanged sentences
Fiscal 2016 — 3,040 — N/A
+Added: 7.41% 2027 Notes
+Added: $ 47,500 $ 1,620 $ — N/A
Fiscal 2024 — 1,730 — N/A
1 unchanged sentence
Fiscal 2022 — 1,920 — N/A
−Removed: 2021 Term Loan
Fiscal 2021 — 2,120 — N/A
4 unchanged sentences
Fiscal 2016 — 3,040 — N/A
+Added: 2021 Term Loan
+Added: $ — $ 1,620 $ — N/A
Fiscal 2024 — 1,730 — N/A
2 unchanged sentences
Fiscal 2021 30,000 2,120 — N/A
+Added: Fiscal 2020 — 2,210 — N/A
+Added: Fiscal 2019 — 2,130 — N/A
+Added: Fiscal 2018 — 2,090 — N/A
+Added: Fiscal 2017 — 2,490 — N/A
+Added: Fiscal 2016 — 3,040 — N/A
2022 Term Loan
+Added: $ 50,000 $ 1,620 $ — N/A
Fiscal 2024 50,000 1,740 — N/A
8 unchanged sentences
Fiscal 2016 — 3,040 — N/A
−Removed: Fiscal 2015 — 2,840 — N/A
2024 Term Loan
−Removed: Fiscal 2024 $ 30,000 $ 1,730 $ — N/A
+Added: $ 30,000 $ 1,620 $ — N/A
Fiscal 2024 30,000 1,730 — N/A
8 unchanged sentences
Series A Notes
+Added: $ 114,844 $ 1,620 $ — N/A
Fiscal 2024 114,844 1,730 — N/A
7 unchanged sentences
Fiscal 2016 — 3,040 — N/A
+Added: Floating Rate 2027 Notes (Tranche A)
+Added: $ 100,000 $ 1,620 $ — N/A
Fiscal 2024 100,000 1,730 — N/A
−Removed: 2027 Notes (Tranche A)
Fiscal 2023 100,000 1,810 — N/A
3 unchanged sentences
Fiscal 2019 — 2,130 — N/A
+Added: Fiscal 2018 — 2,090 — N/A
+Added: Fiscal 2017 — 2,490 — N/A
+Added: Fiscal 2016 — 3,040 — N/A
+Added: Floating Rate 2027 Notes (Tranche B)
+Added: $ 100,000 $ 1,620 $ — N/A
+Added: Fiscal 2024 100,000 1,730 — N/A
+Added: Fiscal 2023 — 1,810 — N/A
Class and Year Total Amount Outstanding Exclusive of Treasury Securities(1) Asset Coverage Per Unit(2) Involuntary Liquidating Preference Per Unit(3) Average Market Value Per Unit(4)
4 unchanged sentences
Fiscal 2018 — 2,090 — N/A
−Removed: 2027 Notes (Tranche B)
Fiscal 2017 — 2,490 — N/A
Fiscal 2016 — 3,040 — N/A
+Added: $ — $ 1,620 $ — N/A
Fiscal 2024 125,000 1,730 — N/A
6 unchanged sentences
Fiscal 2017 — 2,490 — N/A
−Removed: MS Credit Facility
Fiscal 2016 — 3,040 — N/A
+Added: UBS Repurchase Facility
+Added: $ — $ 1,620 $ — N/A
Fiscal 2024 100,000 1,730 — N/A
7 unchanged sentences
Fiscal 2016 — 3,040 — N/A
−Removed: Citibank Credit Facility
+Added: MS Credit Facility
+Added: $ — $ 1,620 $ — N/A
Fiscal 2024 — 1,730 — N/A
Fiscal 2023 — 1,810 — N/A
−Removed: Class and Year Total Amount Outstanding Exclusive of Treasury Securities(1) Asset Coverage Per Unit(2) Involuntary Liquidating Preference Per Unit(3) Average Market Value Per Unit(4)
Fiscal 2022 — 1,920 — N/A
5 unchanged sentences
Fiscal 2016 — 3,040 — N/A
+Added: Class and Year Total Amount Outstanding Exclusive of Treasury Securities(1) Asset Coverage Per Unit(2) Involuntary Liquidating Preference Per Unit(3) Average Market Value Per Unit(4)
+Added: Citibank Credit Facility
+Added: $ — $ 1,620 $ — N/A
Fiscal 2024 — 1,730 — N/A
−Removed: Citibank Total Return Swap
Fiscal 2023 — 1,810 — N/A
6 unchanged sentences
Fiscal 2016 — 3,040 — N/A
+Added: Citibank Total Return Swap
+Added: $ — $ 1,620 $ — N/A
Fiscal 2024 — 1,730 — N/A
Fiscal 2023 — 1,810 — N/A
−Removed: Total Senior Securities
Fiscal 2022 — 1,920 — N/A
5 unchanged sentences
Fiscal 2016 488,936 3,040 — N/A
+Added: Total Senior Securities
+Added: $ 1,139,844 $ 1,620 $ — $ 1,004
+Added: Fiscal 2024 1,117,344 1,730 — 1,014
Fiscal 2023 1,092,344 1,810 — N/A
1 unchanged sentence
Fiscal 2021 830,000 2,120 — N/A
+Added: Fiscal 2020 725,000 2,210 — N/A
+Added: Fiscal 2019 841,042 2,130 — N/A
+Added: Fiscal 2018 898,542 2,090 — N/A
+Added: Fiscal 2017 711,465 2,490 — N/A
+Added: Fiscal 2016 713,359 3,040 — N/A
(1) T otal amount of each class of senior securities outstanding at the end of the period presented.
7 unchanged sentences
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.