Business Description

Forward Looking Statements This report, and other statements that we may make, may contain forward-looking statements with respect to future financial or business performance, strategies, or expectations. Forward-looking statements are typically identified by words or phrases such as “ trend, ” “ opportunity, ” “ pipeline, ” “ believe, ” “ comfortable, ” “ expect, ” “ anticipate, ” “ current, ” “ intention, ” “ estimate, ” “ position, ” “ assume, ” “ potential, ” “ outlook, ” “ continue, ” “ remain, ” “ maintain, ” “ sustain, ” “ seek, ” “ achieve, ” and similar expressions, or future conditional verbs such as “ will, ” “ would, ” “ should, ” “ could, ” “ may, ” or similar expressions. Forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and we assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. In addition to factors previously disclosed in our U.S. Securities and Exchange Commission (“SEC”) reports and those identified elsewhere in this report, including the “Risk Factors” section, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: • our future operating results; • changes in political, economic or industry conditions, the interest rate environment or conditions affecting the financial and capital markets, including the effect of elevated interest rates and a potential global recession; • the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing conflicts in the Middle East, Central and South America and Eastern Europe; • the impact of the investments that we expect to make; • the ability of our portfolio companies to achieve their objectives; • our contractual arrangements and relationships with third parties; • our expected financings and investments; • the adequacy of our cash resources and working capital; • the timing of cash flows, if any, from the operations of our portfolio companies; • our repurchase of shares; • actual and potential conflicts of interest with our Adviser (as defined below) and its affiliates; • the dependence of our future success on the general economy and its effect on the industries in which we invest; • the ability to qualify and maintain our qualifications as a regulated investment company (“RIC”) and a business development company (“BDC”); • the timing, form, and amount of any distributions; • the impact of fluctuations in interest rates on our business; • the valuation of any investments in portfolio companies, particularly those having no liquid trading market; • the impact of changes to generally accepted accounting principles; • the impact of changes to tax legislation and, generally, our tax position; • the ability of our Adviser to locate suitable investments for us and to monitor and administer our investments; • the ability of our Adviser and its affiliates to attract and retain highly talented professionals; • the ability to realize the anticipated benefits of the Mergers (as defined below); • the effects of disruption on our business from the Mergers; and • the combined company’s plans, expectations, objectives and intentions as a result of the Mergers. 1 You should not place undue reliance on these forward-looking statements. The forward-looking statements made in this Annual Report on Form 10-K relate only to events as of the date on which the statements are made. We undertake no obligations to update any forward-looking statement to reflect events or circumstances occurring after the date of this Annual Report on Form 10-K. SUMMARY OF RISK FACTORS The following is a summary of the principal risk factors associated with an investment in us: • The time and resources that individuals and the executive officers of our Adviser devote to us may be diverted, and we may face additional