XML 35 R22.htm IDEA: XBRL DOCUMENT v3.22.4
Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 12. Subsequent Events

 

The Company’s management has evaluated subsequent events through the date of issuance of the financial statements included herein. There have been no subsequent events that require recognition or disclosure in these financial statements except for the following described below.

 

On January 13, 2023, the Company paid a distribution of $0.43 per share to each common stockholder of record as of December 29, 2022. The total distribution was $15,428 and $955 was reinvested into the Company through the purchase of 57,860 shares of common stock.

 

On January 24, 2023, the Board of Directors (the “Board”) of the Company elected James (“Jim”) Robo as the Chairman of the Board. Mr. Robo will serve as an interested director of the Company until he stands for re-election at the 2025 Annual Meeting of Stockholders of the Company. With the addition of Mr. Robo, the Company’s Board is comprised of seven individuals, four of which are independent. The independent board members include Mariel Joliet (Lead Independent Director), George Marucci, Jr., Susan Schnabel and Rhonda Smith.

 

On March 7, 2023, the Board declared a distribution of $0.47 per share to each common stockholder of record as of March 31, 2023. The distribution will be paid on April 14, 2023.

 

As of March 9, 2023, the Company has subscription agreements with investors for an aggregate capital commitment of $832,342 to purchase shares of common stock ($264,612 of the commitments are undrawn).