Preliminary Estimates and Investment Portfolio Update
On April 11, 2022, the Company disclosed the following
information in the Press Release.
Preliminary Estimates of Results for the Quarter Ended March
31, 2022
As previously reported, the
Company’s net assets totaled approximately $364.8 million, or $11.72 per share, at December 31, 2021 and approximately $436.0 million,
or $18.01 per share, at March 31, 2021. As of March 31, 2022, the Company’s net asset value is estimated to be between $11.85 and
$12.55 per share. This range includes a customary discount to the year-end pricing of certain public common shares in the Company’s
investment portfolio subject to lock-up provisions at year-end.
As of March 31, 2021, there were 31,164,443 shares
of the Company’s common stock outstanding.
Preliminary Estimates and Guidance
The preliminary financial
estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of the Company. Neither
the Company’s independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled,
or performed any procedures with respect to the preliminary financial data included herein. Actual results may differ materially.
The Company expects to announce
its first quarter ended March 31, 2022 results in early May 2022.
Forward-Looking Statements
Statements included herein,
including statements regarding the Company’s beliefs, expectations, intentions, or strategies for the future, may constitute "forward-looking
statements". The Company cautions that any forward-looking statements are not guarantees of future performance and that actual results
or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number
of risks and uncertainties, including the impact of the coronavirus (COVID-19) pandemic and any market volatility that may be detrimental
to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from
the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements,
and other conditions which could cause the Company’s actual results to differ from management's current expectations, are contained
in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances that may arise after the date of this Current Report on Form 8-K.