Share Transactions (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Summary of Total Shares Issued and Proceeds Received

The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2025:


Period Ended	Shares Issued		Proceeds Received
March 31, 2025		151,338	$	3,539,803
June 30, 2025		4,371		100,000
		155,709	$	3,639,803

The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2024:


Period Ended	Shares Issued		Proceeds Received
March 31, 2024		21,853	$	532,335
June 30, 2024		158,415		3,859,000
		180,268	$	4,391,335

Summary of Distribution Declarations and Common Shares Issued Pursuant to DRP

The following table summarizes the distribution declarations and common shares issued pursuant to the DRP for the six months ended June 30, 2025:


Date Declared	Record Date	Payment Date	Amount Per Share		Distribution Declared		DRP Shares Issued
March 5, 2025	March 5, 2025	March 20, 2025	$	0.55	$	5,938,647		21,994
May 7, 2025	May 13, 2025	June 18, 2025		0.54		5,552,780		12,458
			$	1.09	$	11,491,427		34,452

The following table summarizes the distribution declarations and common shares issued pursuant to the DRP for the six months ended June 30, 2024:


Date Declared	Record Date	Payment Date	Amount Per Share		Distribution Declared		DRP Shares Issued
March 1, 2024	March 5, 2024	March 21, 2024	$	0.77	$	8,116,595		79,402
May 9, 2024	May 14, 2024	June 20, 2024		0.70		7,325,374		50,065
			$	1.47	$	15,441,969		129,467

Summary of Share Repurchases

The following table presents the share repurchases completed during the six months ended June 30, 2025:


Tender Offer Date	Tender Offer Expiration Date	Total Number of Shares the Company Offered to Repurchase		Price Paid per Share		Total Number of Shares Repurchased		Maximum Number of Shares that may yet be purchased under the repurchase plan
January 10, 2025	February 7, 2025		561,088	$	23.39		575,562	— (1)
April 14, 2025	May 9, 2025		540,977	$	22.88		540,977	— (2)
							1,116,539

(1)

All repurchase requests were satisfied in full.

(2)

In accordance with the terms of the tender offer, the Company accepted for purchase on a pro rata basis approximately 66.54% of the number of shares of the Company that were validly tendered and not withdrawn prior to the expiration of the tender offer, as permitted by Rule 13e-4 of the Securities Exchange Act of 1934, as amended.

The following table presents the share repurchases completed during the six months ended June 30, 2024:


Tender Offer Date	Tender Offer Expiration Date	Total Number of Shares the Company Offered to Repurchase		Price Paid per Share		Total Number of Shares Repurchased		Maximum Number of Shares that may yet be purchased under the repurchase plan (1)
January 12, 2024	February 9, 2024		736,400	$	24.36		677,139		—
April 15, 2024	May 10, 2024		531,022	$	24.36		314,031		—
							991,170

(1)

All repurchase requests were satisfied in full.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

Onex Direct Lending BDC Fund 10-Q