| Net Assets |
9. NET ASSETS The Fund has the authority to issue an unlimited number of Common Shares of beneficial interest at $0.01 par value per share. The Fund publicly offers its Common Shares on a continuous basis, pursuant to the Offering. The purchase price per share for each class of Common Shares equals the Fund’s NAV per share, as of the day preceding the effective date of the monthly share purchase. The Intermediary Manager will use its best efforts to sell Common Shares, but is not obligated to purchase or sell any specific amount of Common Shares in the Offering. The Fund also engages in offerings of its unregistered Common Shares to non-U.S. investors pursuant to Section 4(a)(2) of the Securities Act and Regulation S promulgated under the Securities Act. The following table summarizes transactions in Common Shares during the years ended December 31, 2025, 2024 and 2023: | | For the Years Ended December 31, | | | 2025 | | 2024 | | 2023 | | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | Class I | | | | | | | | | | | | | | | | Subscriptions(1) | | 153,352 | | $ | 4,218,581 | | 120,061 | | $ | 3,288,851 | | 45,712 | | $ | 1,218,909 | Share transfers between classes | | 108 | | | 2,968 | | 34 | | | 945 | | — | | | — | Distributions reinvested | | 6,586 | | | 180,681 | | 2,510 | | | 68,786 | | 307 | | | 8,289 | Repurchased shares, net of early repurchase deduction | | (27,017) | | | (741,892) | | (2,127) | | | (58,324) | | (3) | | | (78) | Net increase | | 133,029 | | $ | 3,660,338 | | 120,478 | | $ | 3,300,258 | | 46,016 | | $ | 1,227,120 | Class S | | | | | | | | | | | | | | | | Subscriptions(1) | | 19,157 | | $ | 526,705 | | 18,459 | | $ | 504,882 | | 10,959 | | $ | 296,150 | Share transfers between classes | | (264) | | | (7,221) | | (120) | | | (3,298) | | — | | | — | Distributions reinvested | | 943 | | | 25,908 | | 376 | | | 10,308 | | 13 | | | 341 | Repurchased shares, net of early repurchase deduction | | (1,876) | | | (51,409) | | (194) | | | (5,298) | | — | | | — | Net increase | | 17,960 | | $ | 493,983 | | 18,521 | | $ | 506,594 | | 10,972 | | $ | 296,491 | Class D | | | | | | | | | | | | | | | | Subscriptions(1) | | 18,734 | | $ | 514,941 | | 9,766 | | $ | 267,907 | | 1,798 | | $ | 48,588 | Share transfers between classes | | 156 | | | 4,253 | | 86 | | | 2,353 | | — | | | — | Distributions reinvested | | 830 | | | 22,816 | | 115 | | | 3,164 | | 8 | | | 222 | Repurchased shares, net of early repurchase deduction | | (2,081) | | | (56,946) | | — | | | — | | — | | | — | Net increase | | 17,639 | | $ | 485,064 | | 9,967 | | $ | 273,424 | | 1,806 | | $ | 48,810 | Total net increase | | 168,628 | | $ | 4,639,385 | | 148,966 | | $ | 4,080,276 | | 58,794 | | $ | 1,572,421 |
| (1) | See Note 13 for subsequent events related to subscription activities. |
Net Asset Value Per Share and Offering Price The Fund determines NAV for each class of shares as of the last day of each calendar month. Share issuances related to monthly subscriptions are effective the first calendar day of each month. The NAV per share for each class of shares is determined by dividing the value of total assets attributable to the class minus liabilities attributable to the share class by the total number of each share class of Common Shares outstanding at the date as of which the determination is made. The following tables summarize each month-end NAV per share for Class I shares, Class S shares and Class D shares during the years ended December 31, 2025, 2024 and 2023: | | NAV Per Share | | | Class I | | Class S | | Class D | January 31, 2025 | | $ | 27.60 | | $ | 27.60 | | $ | 27.60 | February 28, 2025 | | $ | 27.47 | | $ | 27.47 | | $ | 27.47 | March 31, 2025 | | $ | 27.36 | | $ | 27.36 | | $ | 27.36 | April 30, 2025 | | $ | 27.27 | | $ | 27.27 | | $ | 27.27 | May 31, 2025 | | $ | 27.42 | | $ | 27.42 | | $ | 27.42 | June 30, 2025 | | $ | 27.51 | | $ | 27.51 | | $ | 27.51 | July 31, 2025 | | $ | 27.55 | | $ | 27.55 | | $ | 27.55 | August 31, 2025 | | $ | 27.50 | | $ | 27.50 | | $ | 27.50 | September 30, 2025 | | $ | 27.58 | | $ | 27.58 | | $ | 27.58 | October 31, 2025 | | $ | 27.55 | | $ | 27.55 | | $ | 27.55 | November 30, 2025 | | $ | 27.47 | | $ | 27.47 | | $ | 27.47 | December 31, 2025 | | $ | 27.48 | | $ | 27.48 | | $ | 27.48 |
| | | | | | | | | | | | NAV Per Share | | | Class I | | Class S | | Class D | January 31, 2024 | | $ | 27.17 | | $ | 27.17 | | $ | 27.17 | February 29, 2024 | | $ | 27.19 | | $ | 27.19 | | $ | 27.19 | March 31, 2024 | | $ | 27.30 | | $ | 27.30 | | $ | 27.30 | April 30, 2024 | | $ | 27.29 | | $ | 27.29 | | $ | 27.29 | May 31, 2024 | | $ | 27.39 | | $ | 27.39 | | $ | 27.39 | June 30, 2024 | | $ | 27.45 | | $ | 27.45 | | $ | 27.45 | July 31, 2024 | | $ | 27.44 | | $ | 27.44 | | $ | 27.44 | August 31, 2024 | | $ | 27.41 | | $ | 27.41 | | $ | 27.41 | September 30, 2024 | | $ | 27.45 | | $ | 27.45 | | $ | 27.45 | October 31, 2024 | | $ | 27.49 | | $ | 27.49 | | $ | 27.49 | November 30, 2024 | | $ | 27.58 | | $ | 27.58 | | $ | 27.58 | December 31, 2024 | | $ | 27.61 | | $ | 27.61 | | $ | 27.61 |
| | NAV Per Share | | | | Class I | | | Class S | | | Class D | January 31, 2023 | | $ | 25.40 | | $ | 25.40 | | $ | 25.40 | February 28, 2023 | | $ | 25.58 | | $ | 25.58 | | $ | 25.58 | March 31, 2023 | | $ | 25.71 | | $ | 25.71 | | $ | 25.71 | April 30, 2023 | | $ | 26.12 | | $ | 26.12 | | $ | 26.12 | May 31, 2023 | | $ | 26.08 | | $ | 26.08 | | $ | 26.08 | June 30, 2023 | | $ | 26.75 | | $ | 26.75 | | $ | 26.75 | July 31, 2023 | | $ | 27.01 | | $ | 27.01 | | $ | 27.01 | August 31, 2023 | | $ | 27.08 | | $ | 27.08 | | $ | 27.08 | September 30, 2023 | | $ | 27.07 | | $ | 27.07 | | $ | 27.07 | October 31, 2023 | | $ | 26.92 | | $ | 26.92 | | $ | 26.92 | November 30, 2023 | | $ | 27.03 | | $ | 27.03 | | $ | 27.03 | December 31, 2023 | | $ | 27.22 | | $ | 27.22 | | $ | 27.22 |
The date of the first sale of Class S shares and Class D shares was August 1, 2023. Distributions The Fund’s board of trustees expects to declare monthly regular distributions for each class of its Common Shares. The following tables present the monthly regular distributions that were declared and payable during the years ended December 31, 2025, 2024 and 2023: | | | | | | Class I | | Declaration Date | | Record Date | | Payment Date | | Net Distribution
Per Share | | Distribution
Amount | | November 8, 2024 | | | January 31, 2025 | | | February 21, 2025 | | $ | 0.21430 | | $ | 40,299 | | November 8, 2024 | | | February 28, 2025 | | | March 21, 2025 | | | 0.21430 | | | 43,931 | | November 8, 2024 | | | March 31, 2025 | | | April 23, 2025 | | | 0.21430 | | | 46,782 | | March 10, 2025 | | | April 30, 2025 | | | May 22, 2025 | | | 0.21430 | | | 50,430 | | March 10, 2025 | | | May 30, 2025 | | | June 25, 2025 | | | 0.21430 | | | 52,089 | | March 10, 2025 | | | June 30, 2025 | | | July 23, 2025 | | | 0.21430 | | | 52,061 | | May 14, 2025 | | | July 31, 2025 | | | August 22, 2025 | | | 0.21430 | | | 53,575 | | May 14, 2025 | | | August 29, 2025 | | | September 24, 2025 | | | 0.21430 | | | 60,034 | | May 14, 2025 | | | September 30, 2025 | | | October 23, 2025 | | | 0.21430 | | | 63,575 | | August 8, 2025 | | | October 31, 2025 | | | November 21, 2025 | | | 0.21430 | | | 66,353 | | August 8, 2025 | | | November 28, 2025 | | | December 24, 2025 | | | 0.21430 | | | 68,097 | | August 8, 2025 | | | December 31, 2025 | | | January 23, 2026 | | | 0.21430 | | | 65,318 | | Total distributions declared and payable for the year ended December 31, 2025 | | | | | | | | $ | 2.57160 | | $ | 662,544 | | January 23, 2024 | | | January 31, 2024 | | | February 22, 2024 | | $ | 0.21430 | | $ | 12,121 | | January 23, 2024 | | | February 29, 2024 | | | March 25, 2024 | | | 0.21430 | | | 13,234 | | January 23, 2024 | | | March 29, 2024 | | | April 24, 2024 | | | 0.21430 | | | 14,439 | | March 14, 2024 | | | April 30, 2024 | | | May 23, 2024 | | | 0.21430 | | | 17,944 | | March 14, 2024 | | | May 31, 2024 | | | June 25, 2024 | | | 0.21430 | | | 19,924 | | March 14, 2024 | | | June 28, 2024 | | | July 24, 2024 | | | 0.21430 | | | 22,239 | | May 10, 2024 | | | July 31, 2024 | | | August 23, 2024 | | | 0.21430 | | | 24,786 | | May 10, 2024 | | | August 30, 2024 | | | September 23, 2024 | | | 0.21430 | | | 26,807 | | May 10, 2024 | | | September 30, 2024 | | | October 23, 2024 | | | 0.21430 | | | 28,955 | | August 13, 2024 | | | October 31, 2024 | | | November 22, 2024 | | | 0.21430 | | | 31,339 | | August 13, 2024 | | | November 29, 2024 | | | December 26, 2024 | | | 0.21430 | | | 34,663 | | August 13, 2024 | | | December 31, 2024 | | | January 23, 2025 | | | 0.21430 | | | 36,950 | | Total distributions declared and payable for the year ended December 31, 2024 | | | | | | | | $ | 2.57160 | | $ | 283,401 | |
| | | | | | | | | | | | | | | | | | | | | Class I | Declaration Date | | Record Date | | Payment Date | | Net Distribution
Per Share | | Distribution
Amount | June 30, 2023 | | | August 31, 2023 | | | September 25, 2023 | | $ | 0.19925 | | $ | 7,195 | August 10, 2023 | | | September 29, 2023 | | | October 25, 2023 | | | 0.19925 | | | 8,027 | August 10, 2023 | | | October 31, 2023 | | | November 27, 2023 | | | 0.19925 | | | 8,949 | November 13, 2023 | | | November 30, 2023 | | | December 26, 2023 | | | 0.21430 | | | 10,153 | November 13, 2023 | | | December 29, 2023 | | | January 25, 2024 | | | 0.21430 | | | 11,131 | Total distributions declared and payable for the year ended December 31, 2023 | | | | | | | | $ | 1.02635 | | $ | 45,455 |
| | | | | | Class S | Declaration Date | | Record Date | | Payment Date | | Net Distribution
Per Share | | Distribution
Amount | November 8, 2024 | | | January 31, 2025 | | | February 21, 2025 | | $ | 0.19437 | | $ | 6,193 | November 8, 2024 | | | February 28, 2025 | | | March 21, 2025 | | | 0.19630 | | | 6,546 | November 8, 2024 | | | March 31, 2025 | | | April 23, 2025 | | | 0.19447 | | | 6,858 | March 10, 2025 | | | April 30, 2025 | | | May 22, 2025 | | | 0.19519 | | | 7,233 | March 10, 2025 | | | May 30, 2025 | | | June 25, 2025 | | | 0.19461 | | | 7,484 | March 10, 2025 | | | June 30, 2025 | | | July 23, 2025 | | | 0.19514 | | | 7,736 | May 14, 2025 | | | July 31, 2025 | | | August 22, 2025 | | | 0.19444 | | | 8,001 | May 14, 2025 | | | August 29, 2025 | | | September 24, 2025 | | | 0.19441 | | | 8,333 | May 14, 2025 | | | September 30, 2025 | | | October 23, 2025 | | | 0.19509 | | | 8,681 | August 8, 2025 | | | October 31, 2025 | | | November 21, 2025 | | | 0.19439 | | | 8,971 | August 8, 2025 | | | November 28, 2025 | | | December 24, 2025 | | | 0.19505 | | | 9,194 | August 8, 2025 | | | December 31, 2025 | | | January 23, 2026 | | | 0.19447 | | | 9,229 | Total distributions declared and payable for the year ended December 31, 2025 | | | | | | | | $ | 2.33793 | | $ | 94,459 | January 23, 2024 | | | January 31, 2024 | | | February 22, 2024 | | $ | 0.19470 | | $ | 2,417 | January 23, 2024 | | | February 29, 2024 | | | March 25, 2024 | | | 0.19600 | | | 2,778 | January 23, 2024 | | | March 29, 2024 | | | April 24, 2024 | | | 0.19472 | | | 3,181 | March 14, 2024 | | | April 30, 2024 | | | May 23, 2024 | | | 0.19528 | | | 3,554 | March 14, 2024 | | | May 31, 2024 | | | June 25, 2024 | | | 0.19465 | | | 3,888 | March 14, 2024 | | | June 28, 2024 | | | July 24, 2024 | | | 0.19522 | | | 4,280 | May 10, 2024 | | | July 31, 2024 | | | August 23, 2024 | | | 0.19454 | | | 4,462 | May 10, 2024 | | | August 30, 2024 | | | September 23, 2024 | | | 0.19454 | | | 4,694 | May 10, 2024 | | | September 30, 2024 | | | October 23, 2024 | | | 0.19520 | | | 4,929 | August 13, 2024 | | | October 31, 2024 | | | November 22, 2024 | | | 0.19454 | | | 5,116 | August 13, 2024 | | | November 29, 2024 | | | December 26, 2024 | | | 0.19515 | | | 5,416 | August 13, 2024 | | | December 31, 2024 | | | January 23, 2025 | | | 0.19444 | | | 5,735 | Total distributions declared and payable for the year ended December 31, 2024 | | | | | | | | $ | 2.33898 | | $ | 50,450 |
| | | | | | | | Class S | Declaration Date | | Record Date | | Payment Date | | Net Distribution
Per Share | | Distribution
Amount | June 30, 2023 | | | August 31, 2023 | | | September 25, 2023 | | $ | 0.17975 | | $ | 430 | August 10, 2023 | | | September 29, 2023 | | | October 25, 2023 | | | 0.18033 | | | 917 | August 10, 2023 | | | October 31, 2023 | | | November 27, 2023 | | | 0.17971 | | | 1,214 | November 13, 2023 | | | November 30, 2023 | | | December 26, 2023 | | | 0.19549 | | | 1,747 | November 13, 2023 | | | December 29, 2023 | | | January 25, 2024 | | | 0.19479 | | | 2,137 | Total distributions declared and payable for the year ended December 31, 2023 | | | | | | | | $ | 0.93007 | | $ | 6,445 |
| | | | | | Class D | | Declaration Date | | Record Date | | Payment Date | | Net Distribution
Per Share | | Distribution
Amount | | November 8, 2024 | | | January 31, 2025 | | | February 21, 2025 | | $ | 0.20844 | | $ | 2,923 | | November 8, 2024 | | | February 28, 2025 | | | March 21, 2025 | | | 0.20901 | | | 3,408 | | November 8, 2024 | | | March 31, 2025 | | | April 23, 2025 | | | 0.20847 | | | 3,843 | | March 10, 2025 | | | April 30, 2025 | | | May 22, 2025 | | | 0.20868 | | | 4,270 | | March 10, 2025 | | | May 30, 2025 | | | June 25, 2025 | | | 0.20851 | | | 4,629 | | March 10, 2025 | | | June 30, 2025 | | | July 23, 2025 | | | 0.20867 | | | 4,935 | | May 14, 2025 | | | July 31, 2025 | | | August 22, 2025 | | | 0.20846 | | | 5,248 | | May 14, 2025 | | | August 29, 2025 | | | September 24, 2025 | | | 0.20845 | | | 5,567 | | May 14, 2025 | | | September 30, 2025 | | | October 23, 2025 | | | 0.20865 | | | 5,707 | | August 8, 2025 | | | October 31, 2025 | | | November 21, 2025 | | | 0.20844 | | | 5,889 | | August 8, 2025 | | | November 28, 2025 | | | December 24, 2025 | | | 0.20864 | | | 6,122 | | August 8, 2025 | | | December 31, 2025 | | | January 23, 2026 | | | 0.20847 | | | 6,131 | | Total distributions declared and payable for the year ended December 31, 2025 | | | | | | | | $ | 2.50289 | | $ | 58,672 | | January 23, 2024 | | | January 31, 2024 | | | February 22, 2024 | | $ | 0.20854 | | $ | 471 | | January 23, 2024 | | | February 29, 2024 | | | March 25, 2024 | | | 0.20892 | | | 498 | | January 23, 2024 | | | March 29, 2024 | | | April 24, 2024 | | | 0.20854 | | | 528 | | March 14, 2024 | | | April 30, 2024 | | | May 23, 2024 | | | 0.20871 | | | 578 | | March 14, 2024 | | | May 31, 2024 | | | June 25, 2024 | | | 0.20852 | | | 606 | | March 14, 2024 | | | June 28, 2024 | | | July 24, 2024 | | | 0.20869 | | | 645 | | May 10, 2024 | | | July 31, 2024 | | | August 23, 2024 | | | 0.20849 | | | 728 | | May 10, 2024 | | | August 30, 2024 | | | September 23, 2024 | | | 0.20849 | | | 1,025 | | May 10, 2024 | | | September 30, 2024 | | | October 23, 2024 | | | 0.20868 | | | 1,585 | | August 13, 2024 | | | October 31, 2024 | | | November 22, 2024 | | | 0.20849 | | | 1,880 | | August 13, 2024 | | | November 29, 2024 | | | December 26, 2024 | | | 0.20867 | | | 2,239 | | August 13, 2024 | | | December 31, 2024 | | | January 23, 2025 | | | 0.20846 | | | 2,454 | | Total distributions declared and payable for the year ended December 31, 2024 | | | | | | | | $ | 2.50320 | | $ | 13,237 | |
| | | | | | | | Class D | Declaration Date | | Record Date | | Payment Date | | Net Distribution
Per Share | | Distribution
Amount | June 30, 2023 | | | August 31, 2023 | | | September 25, 2023 | | $ | 0.19351 | | $ | 134 | August 10, 2023 | | | September 29, 2023 | | | October 25, 2023 | | | 0.19369 | | | 228 | August 10, 2023 | | | October 31, 2023 | | | November 27, 2023 | | | 0.19350 | | | 235 | November 13, 2023 | | | November 30, 2023 | | | December 26, 2023 | | | 0.20877 | | | 292 | November 13, 2023 | | | December 29, 2023 | | | January 25, 2024 | | | 0.20856 | | | 377 | Total distributions declared and payable for the year ended December 31, 2023 | | | | | | | | $ | 0.99803 | | $ | 1,266 |
The net distributions received by shareholders of Class S shares and Class D shares include the effect of the shareholder servicing and/or distribution fees applicable to such class of shares. Class I shares have no shareholder servicing and/or distribution fees. See Note 13 for subsequent events relating to regular distributions declared by the Fund’s board of trustees. Distribution Reinvestment Plan The Fund has adopted a distribution reinvestment plan, pursuant to which the Fund will not reinvest cash distributions declared by the board of trustees on behalf of the Fund’s shareholders unless such shareholders elect for their shares to be automatically reinvested. As a result, if the board of trustees authorizes, and the Fund declares, a cash distribution, then the Fund’s shareholders who have opted into the Fund’s distribution reinvestment plan will have their cash distributions automatically reinvested in additional shares, rather than receiving the cash distribution. Distributions on fractional shares will be credited to each participating shareholder’s account. The purchase price for shares issued under the Fund’s distribution reinvestment plan will be equal to the most recent available NAV per share for such shares at the time the distribution is payable. Share Repurchase Program The Fund has a share repurchase program, pursuant to which the Fund intends to offer to repurchase, at the discretion of the Fund’s board of trustees, up to 5% of its Common Shares outstanding in each quarter. The Fund’s board of trustees may amend, suspend or terminate the share repurchase program if it deems such action to be in its best interest and the best interest of its common shareholders. As a result, share repurchases may not be available each quarter, or at all. All shares purchased by the Fund in connection with the share repurchase program will be retired and thereafter will be authorized and unissued shares. In accordance with the Fund’s share repurchase program, shares repurchased in the Fund’s tender offers completed during the years ended December 31, 2025, 2024 and 2023 were repurchased using a purchase price equal to the NAV per share as of the last calendar day of the applicable month designated by the Fund’s board of trustees, except that the Fund deducted 2.00% from such NAV for shares that were not outstanding for at least one year (the “Early Repurchase Deduction”). The plan adopted by the Fund pursuant to Rule 18f-3 under the Investment Company Act so that the Fund may issue multiple classes of Common Shares (the “Multiple Class Plan”) provides that the Early Repurchase Deduction holding period ends on the one-year anniversary of the subscription closing date and the Early Repurchase Deduction will not apply to shares acquired through the Fund’s distribution reinvestment plan. The Early Repurchase Deduction may be waived in the case of repurchase requests: (i) arising from the death or qualified disability of the holder; (ii) submitted by discretionary model portfolio management programs (and similar arrangements); (iii) from feeder funds (or similar vehicles) primarily created to hold the Fund’s Common Shares, which are offered to non-U.S. persons, where such funds seek to avoid imposing such a deduction because of administrative or systems limitations; and (iv) in the event that a shareholder’s Common Shares are repurchased because the shareholder has failed to maintain a minimum account balance. Prior to May 8, 2024, the Fund could only waive the Early Repurchase Deduction in the case of repurchase requests arising from the death or qualified disability of the holder. The Early Repurchase Deduction is retained by the Fund for the benefit of remaining shareholders. The following tables present the share repurchases completed during the years ended December 31, 2025, 2024 and 2023: Repurchase Pricing Date | | Total Number
of Shares
Repurchased | | Percentage of
Outstanding Shares
Repurchased(1) | | Repurchase Request
Deadline | | Purchase
Price Per
Share | | Amount
Repurchased
(All Classes)(2) | | Maximum number
of shares that may
yet be purchased
under the
repurchase program(3) | February 28, 2025 | | 1,093 | | 0.47 | % | March 20, 2025 | | $ | 27.47 | | $ | 29,969 | | — | May 31, 2025 | | 5,281 | | 1.80 | % | June 20, 2025 | | $ | 27.42 | | $ | 144,586 | | — | August 31, 2025 | | 2,943 | | 0.93 | % | September 19, 2025 | | $ | 27.50 | | $ | 80,915 | | — | November 30, 2025 | | 21,657 | | 5.65 | % | December 23, 2025 | | $ | 27.47 | | $ | 594,777 | | — |
Repurchase Pricing Date | | Total Number
of Shares
Repurchased | | Percentage of
Outstanding Shares
Repurchased(1) | | Repurchase Request
Deadline | | Purchase
Price Per
Share | | Amount
Repurchased
(All Classes)(2) | | Maximum number
of shares that may
yet be purchased
under the
repurchase program(3) | February 29, 2024 | | 387 | | 0.54 | % | March 20, 2024 | | $ | 27.19 | | $ | 10,376 | | — | May 31, 2024 | | 5 | | 0.01 | % | June 20, 2024 | | $ | 27.39 | | $ | 132 | | — | August 31, 2024 | | 134 | | 0.09 | % | September 20, 2024 | | $ | 27.41 | | $ | 3,623 | | — | November 30, 2024 | | 1,795 | | 0.90 | % | December 20, 2024 | | $ | 27.58 | | $ | 49,491 | | — |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Maximum number | | | | | | | | | | | | | | | of shares that may | | | Total Number | | Percentage of | | Repurchase | | Purchase | | Amount | | yet be purchased | | | of Shares | | Outstanding Shares | | Request | | Price | | Repurchased | | under the repurchase | Repurchase Pricing Date | | Repurchased | | Repurchased(1) | | Deadline | | Per Share | | (All Classes)(2) | | program(3) | November 30, 2023 | | 2,955 | | 0.01 | % | December 20, 2023 | | $ | 27.03 | | $ | 78 | | — |
| (1) | Percentage is based on total shares outstanding as of the close of business on the last calendar day of the month preceding the applicable repurchase pricing date. |
| (2) | Amounts shown net of the Early Repurchase Deduction. |
| (3) | All repurchase requests were satisfied in full. |
|