5 unchanged sentences
The following table summarizes the aggregate principal balance of variable rate investments and indebtedness as of:
−Removed: June 30, 2025
+Added: September 30, 2025
Variable rate investments $ 239,260,675
Variable rate debt $ 60,154,992
−Removed: The following table summarizes estimated changes in net investment income on our variable rate investments and indebtedness as of June 30, 2025 assuming hypothetical increases or decreases in Term SOFR or SOFR:
+Added: The following table summarizes estimated changes in net investment income on our variable rate investments and indebtedness as of September 30, 2025 assuming hypothetical increases or decreases in Term SOFR or SOFR:
1.00% Decrease 1.00% Increase
4 unchanged sentences
While hedging activities may insulate us against adverse changes in interest rates, they may also limit our ability to participate in benefits of lower interest rates with respect to our portfolio of investments with fixed interest rates.
−Removed: For the six months ended June 30, 2025 and 2024, we did not engage in interest rate hedging activities that qualify for hedge accounting.
+Added: For the nine months ended September 30, 2025 and 2024, we did not engage in interest rate hedging activities that qualify for hedge accounting.
Prepayment Risks
1 unchanged sentence
Prepayments on debt instruments, where permitted under the debt documents, are influenced by changes in current interest rates and a variety of economic, geographic and other factors beyond our control, and consequently, such prepayment rates cannot be predicted with certainty.
−Removed: If we do not collect a prepayment fee in connection with a prepayment or are unable to invest the proceeds of such prepayments received,
−Removed: the yield on the portfolio will decline.
+Added: If we do not collect a prepayment fee in connection with a prepayment or are unable to invest the proceeds of such prepayments received, the yield on the portfolio will decline.
In addition, we may acquire assets at a discount or premium and if the asset does not repay when expected, the anticipated yield may be impacted.
18 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.