Amwal Investments LLC 4

What Happened
Amwal Investments LLC (a reported 10% owner) acquired 504,072.91 shares of 26North BDC, Inc. at $24.80 per share on June 24, 2026, for a total capital contribution of about $12,501,008. The shares were issued to Amwal pursuant to a capital call by the company (a private issuance), so this was a purchase/capital contribution rather than an open-market buy.

Key Details

• Transaction date and price: June 24, 2026 — 504,072.91 shares at $24.80 each (total ~$12,501,008).
• Transaction code: P (Purchase).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: (F1) Issuer issued the shares to satisfy Amwal’s $12.5M capital call obligation; (F2) Amwal is wholly owned by Abu Dhabi Investment Council Company P.J.S.C. (ADIC); ADIC may be deemed to beneficially own these shares, though the reporting persons disclaim ownership beyond their pecuniary interest.
• Filing timing: Report filed June 26, 2026 for a June 24 transaction — appears timely (filed within the usual 2-business-day window).

Context
This is an institutional investor fulfilling a pre-existing capital commitment (capital call), not an executive stock trade. Such purchases reflect committed capital being funded rather than a market-timed buy; for retail investors, institutional capital contributions can be informative but do not necessarily signal management-level sentiment.