11 unchanged sentences
is no single standard for determining fair value in good faith.
−Removed: As a result, determining fair value requires that judgment be applied
−Removed: to the specific facts and circumstances of each portfolio investment while employing a consistently applied valuation process for the
−Removed: types of investments we make.
−Removed: Due to the inherent uncertainty of determining the fair value of investments that do not have a readily
−Removed: available market value, the fair value of our investments may fluctuate from period to period.
−Removed: Because of the inherent uncertainty of
−Removed: valuation, these estimated values may differ significantly from the values that would have been used had a ready market for the investments
−Removed: existed, and it is possible that the difference could be material.
−Removed: In addition, if we were required to liquidate a portfolio investment
−Removed: in a forced or liquidation sale, we may realize amounts that are different from the amounts presented and such differences could be material.
+Added: As a result, determining fair value requires that judgment be
+Added: applied to the specific facts and circumstances of each portfolio investment while employing a consistently applied valuation
+Added: process for the types of investments we make.
+Added: Due to the inherent uncertainty of determining the fair value of investments that do
+Added: not have a readily available market value, the fair value of our investments may fluctuate from period to period.
+Added: Because of the
+Added: inherent uncertainty of valuation, these estimated values may differ significantly from the values that would have been used had a
+Added: ready market for the investments existed, and it is possible that the difference could be material.
+Added: In addition, if we were required
+Added: to liquidate a portfolio investment in a forced or liquidation sale, we may realize amounts that are different from the amounts
+Added: presented and such differences could be material.
+Added: Refer to “Note 4—Investments at Fair Value”.
are subject to financial market risks, which could include, to the extent we utilize leverage with variable rate structures, changes
3 unchanged sentences
have an adverse effect on the business, financial condition and results of operations of the portfolio companies in which we invest.
−Removed: As of June 30, 2025, all of our debt investments and outstanding borrowings bore fixed rates of interest.
+Added: As of September 30, 2025, all of our debt investments and outstanding borrowings bore fixed rates of interest.
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.