|        |
|--------|
|        |
|   |

|                                                                                         |
|-----------------------------------------------------------------------------------------|
|                                                                                         |  |
| Maryland                                                                                | 52-2439556 |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| 9 West 57th Street37th FloorNew York, New York                                     | 10019 |
| (Address of principal executive offices)                            | (Zip Code) |

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |
| Large accelerated filer | x | Accelerated filer |  ̈ | Non-accelerated filer |  ̈ | Smaller reporting company |  ̈ |

|                       |
|-----------------------|
|                       |  |  |
| Class of Common Stock |   | Outstanding at August 3, 2017 |
| $0.001 par value      |   | 219,694,654 |

|        |
|--------|
|        |
|   |

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|              |
|--------------|
|              |  |  |
|         |   | Page |
|         | PART I. FINANCIAL INFORMATION |   |
|         |   |   |
| Item 1. | Financial Statements | 1 |
|         |   |   |
|         | Statements of Assets and LiabilitiesJune 30, 2017 and March 31, 2017 | 1 |
|         |   |   |
|         | Statements of OperationsThree months ended June 30, 2017 and June 30, 2016 | 2 |
|         |   |   |
|         | Statements of Changes in Net AssetsThree months ended June 30, 2017 and year ended March 31, 2017 | 3 |
|         |   |   |
|         | Statements of Cash FlowsThree months ended June 30, 2017 and June 30, 2016 | 4 |
|         |   |   |
|         | Schedule of InvestmentsJune 30, 2017 | 5 |
|         |   |   |
|         | Schedule of InvestmentsMarch 31, 2017 | 19 |
|         |   |   |
|         | Notes to Financial Statements | 32 |
|         |   |   |
|         | Report of Independent Registered Public Accounting Firm | 54 |
|         |   |   |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 55 |
|         |   |   |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 65 |
|         |   |   |
| Item 4. | Controls and Procedures | 66 |
|         |   |   |
|         | PART II. OTHER INFORMATION |   |
|         |   |   |
| Item 1. | Legal Proceedings | 67 |
|         |   |   |
| Item 1A.     | Risk Factors | 67 |
|         |   |   |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 67 |
|         |   |   |
| Item 3. | Defaults Upon Senior Securities | 69 |
|         |   |   |
| Item 4.      | Mine Safety Disclosures | 69 |
|         |   |   |
| Item 5. | Other Information | 69 |
|         |   |   |
| Item 6. | Exhibits | 69 |
|         |   |   |
|         | Signatures | 70 |

----

| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF ASSETS AND LIABILITIES(In thousands, except share and per share data)                        |
|-----------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                         |  |  |  |  |  |  |  |
|                                                                                                                                         | June 30, 2017 |   | March 31, 2017 |
|                                                                                                                                         | (Unaudited) |   |  |
| Assets                                                                                                                                  |  |   |  |
| Investments at fair value:                                                                                                              |  |  |   |  |  |
| Non-controlled/non-affiliated investments (cost — $1,493,015 and $1,510,980, respectively)                                        | $ | 1,475,682 |  |   | $ | 1,402,409 |  |
| Non-controlled/affiliated investments (cost — $242,840 and $417,471, respectively)                                                | 220,149 |  |   | 239,050 |  |
| Controlled investments (cost — $729,539 and $676,972, respectively)                                                               | 720,748 |  |   | 675,249 |  |
| Total investments at fair value (cost — $2,465,394 and $2,605,423, respectively)                                                  | 2,416,579 |  |   | 2,316,708 |  |
| Cash and cash equivalents                                                                                                               | 29,853 |  |   | 9,783 |  |
| Foreign currencies (cost — $2,801 and $1,494, respectively)                                                                       | 2,837 |  |   | 1,497 |  |
| Receivable for investments sold                                                                                                         | 4,812 |  |   | 40,226 |  |
| Interest receivable                                                                                                                     | 18,709 |  |   | 17,072 |  |
| Dividends receivable                                                                                                                    | 3,163 |  |   | 6,489 |  |
| Deferred financing costs                                                                                                                | 16,633 |  |   | 17,632 |  |
| Prepaid expenses and other assets                                                                                                       | 857 |  |   | 713 |  |
| Total Assets                                                                                                                            | $ | 2,493,443 |  |   | $ | 2,410,120 |  |
|                                                                                                                                         |  |   |  |
| Liabilities                                                                                                                             |  |   |  |
| Debt                                                                                                                                    | $ | 920,674 |  |   | $ | 848,449 |  |
| Payable for investments purchased                                                                                                       | 26,109 |  |   | 13,970 |  |
| Distributions payable                                                                                                                   | 32,954 |  |   | 32,954 |  |
| Management and performance-based incentive fees payable                                                                                 | 17,345 |  |   | 16,306 |  |
| Interest payable                                                                                                                        | 11,612 |  |   | 7,319 |  |
| Accrued administrative services expense                                                                                                 | 1,166 |  |   | 2,250 |  |
| Other liabilities and accrued expenses                                                                                                  | 5,959 |  |   | 7,075 |  |
| Total Liabilities                                                                                                                       | $ | 1,015,819 |  |   | $ | 928,323 |  |
| Commitments and contingencies (Note 8)                                                                                                  |  |  |   |  |  |
| Net Assets                                                                                                                              | $ | 1,477,624 |  |   | $ | 1,481,797 |  |
|                                                                                                                                         |  |   |  |
| Net Assets                                                                                                                              |  |   |  |
| Common stock, $0.001 par value (400,000,000 shares authorized; 219,694,654 and 219,694,654 shares issued and outstanding, respectively) | $ | 220 |  |   | $ | 220 |  |
| Paid-in capital in excess of par                                                                                                        | 2,924,775 |  |   | 2,924,775 |  |
| Accumulated underdistributed net investment income                                                                                      | 88,500 |  |   | 88,134 |  |
| Accumulated net realized loss                                                                                                           | (1,511,380 | ) |   | (1,277,625 | ) |
| Net unrealized loss                                                                                                                     | (24,491 | ) |   | (253,707 | ) |
| Net Assets                                                                                                                              | $ | 1,477,624 |  |   | $ | 1,481,797 |  |
|                                                                                                                                         |  |  |   |  |  |
| Net Asset Value Per Share                                                                                                               | $ | 6.73 |  |   | $ | 6.74 |  |

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Table of Contents

| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF OPERATIONS (Unaudited)(In thousands, except per share data) |
|--------------------------------------------------------------------------------------------------------|
|                                                                                                        |  |  |  |  |  |  |  |
|                                                                                                        | Three Months Ended June 30, |
|                                                                                                        | 2017 |   | 2016 |
| Investment Income                                                                                      |  |   |  |
| Non-controlled/non-affiliated investments:                                                             |  |   |  |
| Interest income                                                                                        | $ | 41,008 |  |   | $ | 48,343 |  |
| Dividend income                                                                                        | — |  |   | 1,104 |  |
| Other income                                                                                           | 1,129 |  |   | 1,699 |  |
| Non-controlled/affiliated investments:                                                                 |  |   |  |
| Interest income                                                                                        | 2,551 |  |   | 262 |  |
| Dividend income                                                                                        | 1,087 |  |   | 3,046 |  |
| Other income                                                                                           | (306 | ) |   | 70 |  |
| Controlled investments:                                                                                |  |   |  |
| Interest income                                                                                        | 16,392 |  |   | 17,245 |  |
| Dividend income                                                                                        | 4,850 |  |   | 4,700 |  |
| Other income                                                                                           | — |  |   | — |  |
| Total Investment Income                                                                                | $ | 66,711 |  |   | $ | 76,469 |  |
| Expenses                                                                                               |   |   |   |
| Management fees                                                                                        | $ | 12,125 |  |   | $ | 14,398 |  |
| Performance-based incentive fees                                                                       | 7,912 |  |   | 8,451 |  |
| Interest and other debt expenses                                                                       | 14,215 |  |   | 16,793 |  |
| Administrative services expense                                                                        | 1,675 |  |   | 1,526 |  |
| Other general and administrative expenses                                                              | 2,557 |  |   | 5,038 |  |
| Total expenses                                                                                         | 38,484 |  |   | 46,206 |  |
| Management and performance-based incentive fees waived                                                 | (5,009 | ) |   | (5,717 | ) |
| Expense reimbursements                                                                                 | (84 | ) |   | (84 | ) |
| Net Expenses                                                                                           | $ | 33,391 |  |   | $ | 40,405 |  |
| Net Investment Income                                                                                  | $ | 33,320 |  |   | $ | 36,064 |  |
| Net Realized and Change in Unrealized Gains (Losses)                                                   |  |   |  |
| Net realized gains (losses):                                                                           |  |   |  |
| Non-controlled/non-affiliated investments                                                              | $ | (89,839 | ) |   | $ | (57,475 | ) |
| Non-controlled/affiliated investments                                                                  | (146,840 | ) |   | 65,830 |  |
| Controlled investments                                                                                 | — |  |   | (191 | ) |
| Foreign currency transactions                                                                          | 2,924 |  |   | 361 |  |
| Net realized gains (losses)                                                                            | (233,755 | ) |   | 8,525 |  |
| Net change in unrealized gains (losses):                                                               |  |   |  |
| Non-controlled/non-affiliated investments                                                              | 91,238 |  |   | 18,721 |  |
| Non-controlled/affiliated investments                                                                  | 155,730 |  |   | (93,787 | ) |
| Controlled investments                                                                                 | (7,068 | ) |   | (24,299 | ) |
| Foreign currency translations                                                                          | (10,684 | ) |   | 12,690 |  |
| Net change in unrealized gains (losses)                                                                | 229,216 |  |   | (86,675 | ) |
| Net Realized and Change in Unrealized Gains (Losses)                                                   | $ | (4,539 | ) |   | $ | (78,150 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Operations                                        | $ | 28,781 |  |   | $ | (42,086 | ) |
| Earnings (Loss) Per Share — Basic                                                                | $ | 0.13 |  |   | $ | (0.19 | ) |
| Earnings (Loss) Per Share — Diluted                                                              | N/A |  |   | N/A |  |

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Table of Contents

| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF CHANGES IN NET ASSETS(In thousands, except share data) |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |
|                                                                                              | Three Months Ended June 30, 2017 |   | Year Ended  March 31, 2017 |
|                                                                                              | (Unaudited) |   |   |
| Operations                                                                                        |   |   |   |
| Net investment income                                                                             | $ | 33,320 |  |   | $ | 149,243 |  |
| Net realized gains (losses)                                                                       | (233,755 | ) |   | (41,823 | ) |
| Net change in unrealized gains (losses)                                                           | 229,216 |  |   | (89,050 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Operations                                   | $ | 28,781 |  |   | $ | 18,370 |  |
|                                                                                              |   |   |   |
| Distributions to Stockholders                                                                     |   |   |   |
| Distribution of net investment income                                                             | $ | (32,954 | ) |   | $ | (76,950 | ) |
| Distribution of return of capital                                                                 | — |  |   | (67,286 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Distributions to Stockholders                | $ | (32,954 | ) |   | $ | (144,236 | ) |
|                                                                                              |   |   |   |
| Capital Share Transactions                                                                        |   |   |   |
| Repurchase of common stock                                                                        | — |  |   | (37,918 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions                   | $ | — |  |   | $ | (37,918 | ) |
|                                                                                              |   |   |   |
| Net Assets                                                                                        |   |   |   |
| Net decrease in net assets during the period                                                      | $ | (4,173 | ) |   | $ | (163,784 | ) |
| Net assets at beginning of period                                                                 | 1,481,797 |  |   | 1,645,581 |  |
| Net Assets at End of Period                                                                       | $ | 1,477,624 |  |   | $ | 1,481,797 |  |
|                                                                                              |   |   |   |
| Capital Share Activity                                                                            |   |   |   |
| Shares repurchased during the period                                                              | — |  |   | (6,461,842 | ) |
| Shares issued and outstanding at beginning of period                                              | 219,694,654 |  |   | 226,156,496 |  |
| Shares Issued and Outstanding at End of Period                                                    | 219,694,654 |  |   | 219,694,654 |  |

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Table of Contents

| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF CASH FLOWS (Unaudited)(In thousands)                  |
|--------------------------------------------------------------------------------------------------|
|                                                                                                  |  |  |  |  |  |  |  |
|                                                                                             | Three Months Ended June 30, |
|                                                                                             | 2017 |   | 2016 |
| Operating Activities                                                                             |   |   |   |
| Net increase (decrease) in net assets resulting from operations                                  | $ | 28,781 |  |   | $ | (42,086 | ) |
| Net realized (gains) losses                                                                      | 233,755 |  |   | (8,525 | ) |
| Net change in unrealized (gains) losses                                                          | (229,216 | ) |   | 86,675 |  |
| Net amortization of premiums and accretion of discounts on investments                           | (1,864 | ) |   | (1,489 | ) |
| Accretion of discount on notes                                                                   | 148 |  |   | 148 |  |
| Amortization of deferred financing costs                                                         | 1,211 |  |   | 1,899 |  |
| Increase from foreign currency transactions                                                      | 2,924 |  |   | 360 |  |
| Payment-in-kind interest and dividends capitalized                                               | (2,775 | ) |   | (3,553 | ) |
| Changes in operating assets and liabilities:                                                     |   |   |   |
| Purchases of investments                                                                         | (329,897 | ) |   | (111,145 | ) |
| Proceeds from sales and repayments of investments                                                | 285,440 |  |   | 370,127 |  |
| Decrease (increase) in interest receivable                                                       | (1,581 | ) |   | 2,325 |  |
| Decrease (increase) in dividends receivable                                                      | 3,326 |  |   | 1,870 |  |
| Decrease (increase) in prepaid expenses and other assets                                         | (144 | ) |   | (5,663 | ) |
| Increase (decrease) in management and performance-based incentive fees payable                   | 1,039 |  |   | (2,169 | ) |
| Increase (decrease) in interest payable                                                          | 4,293 |  |   | 5,025 |  |
| Increase (decrease) in accrued administrative services expense                                   | (1,084 | ) |   | 556 |  |
| Increase (decrease) in other liabilities and accrued expenses                                    | (1,116 | ) |   | 642 |  |
| Net Cash Provided by/(Used in) Operating Activities                                              | $ | (6,760 | ) |   | $ | 294,997 |  |
| Financing Activities                                                                             |   |   |   |
| Issuances of debt                                                                                | $ | 418,517 |  |   | $ | 215,189 |  |
| Payments of debt                                                                                 | (357,416 | ) |   | (416,880 | ) |
| Financing costs paid and deferred                                                                | (10 | ) |   | (485 | ) |
| Repurchase of common stock                                                                       | — |  |   | (6,073 | ) |
| Distributions paid                                                                               | (32,954 | ) |   | (45,231 | ) |
| Net Cash Provided by/(Used in) Financing Activities                                              | $ | 28,137 |  |   | $ | (253,480 | ) |
|                                                                                             |   |   |   |
| Cash, Cash Equivalents and Foreign Currencies                                                    |   |   |   |
| Net increase (decrease) in cash, cash equivalents and foreign currencies  during the period | $ | 21,377 |  |   | $ | 41,517 |  |
| Effect of foreign exchange rate changes                                                          | 33 |  |   | (102 | ) |
| Cash, cash equivalents and foreign currencies at beginning of period                             | 11,280 |  |   | 18,905 |  |
| Cash, Cash Equivalent and Foreign Currencies at the End of Period                                | $ | 32,690 |  |   | $ | 60,320 |  |
|                                                                                             |   |   |   |
| Supplemental Disclosure of Cash Flow Information                                                 |   |   |   |
| Cash interest paid                                                                               | $ | 8,542 |  |   | $ | 9,157 |  |
|                                                                                             |   |   |   |
| Non-Cash Activity                                                                                |   |   |   |
| Payment-in-kind income                                                                           | $ | 5,810 |  |   | $ | 6,364 |  |

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Table of Contents

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                     |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Non-Controlled/Non-Affiliated Investments                                      |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt                                                                 |   |   |   |   |   |   |   |   |   |   |
| Secured Debt                                                                   |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt                                                        |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt (excluding Revolvers and Letters of Credit)            |   |   |   |   |   |   |   |   |
| Altasciences / 9360-1367 Quebec Inc. (9)(16)(17)                               |   | Healthcare & Pharmaceuticals |   | 7.55% (1M L+625, 1.00% Floor) |   | 6/9/23 |   | $ | 2,921 |  |   | $ | 2,856 |  |   | $ | 2,855 |  |
| Altasciences / 9360-1367 Quebec Inc. (9)(16)(17)                               |   | Healthcare & Pharmaceuticals |   | 7.55% (3M L+625, 1.00% Floor) |   | 6/9/23 |   | C$ | 2,436 |  |   | 1,774 |  |   | 1,834 |  |
| Altasciences US Acquistion, Inc. (9)(16)                                       |   | Healthcare & Pharmaceuticals |   | 7.55% (1M L+625, 1.00% Floor) |   | 6/9/23 |   | 5,275 |  |   | 5,157 |  |   | 5,156 |  |
| Altasciences US Acquistion, Inc., Unfunded Delayed Draw (8)(9)(16)(21)(23)(28) |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 6/9/23 |   | 2,851 |  |   | (35 | ) |   | (64 | ) |
| American Media, Inc. (16)                                                      |   | Advertising, Printing & Publishing |   | 8.80% (3M L+750, 1.00% Floor) |   | 8/24/20 |   | 390 |  |   | 380 |  |   | 390 |  |
| American Media, Inc. (16)                                                      |   | Advertising, Printing & Publishing |   | 8.80% (3M L+750, 1.00% Floor) |   | 8/24/20 |   | 9,482 |  |   | 9,240 |  |   | 9,482 |  |
| American Media, Inc. (16)                                                      |   | Advertising, Printing & Publishing |   | 8.80% (3M L+750, 1.00% Floor) |   | 8/24/20 |   | 5,195 |  |   | 5,064 |  |   | 5,195 |  |
| Aptevo Therapeutics Inc. (9)(16)(23)                                           |   | Healthcare & Pharmaceuticals |   | 8.65% (1M L+760) |   | 2/1/21 |   | 8,571 |  |   | 8,634 |  |   | 8,493 |  |
| Aptevo Therapeutics Inc., Unfunded Delayed Draw (8)(9)(16)(21)(23)             |   | Healthcare & Pharmaceuticals |   | 0.00% Unfunded |   | 2/1/21 |   | 6,429 |  |   | (27 | ) |   | (59 | ) |
| ChyronHego Corporation (18)                                                    |   | High Tech Industries |   | 7.43% (3M L+643, 1.00% Floor) |   | 3/9/20 |   | 35,975 |  |   | 35,539 |  |   | 35,256 |  |
| Dodge Data & Analytics LLC                                                 |   | Business Services |   | 10.06% (3M L+875, 1.00% Floor) |   | 10/31/19 |   | 50,478 |  |   | 50,004 |  |   | 49,090 |  |
| GFRC Holdings LLC                                                              |   | Hotel, Gaming, Leisure, Restaurants |   | 10.50% (1M L+900 Cash (L+900 PIK Toggle), 1.50% Floor) |   | 2/1/22 |   | 2,500 |  |   | 2,500 |  |   | 2,375 |  |
| Invuity, Inc. (9)(16)                                                          |   | Healthcare & Pharmaceuticals |   | 8.00% (1M L+650, 1.50% Floor) |   | 3/1/22 |   | 6,667 |  |   | 6,578 |  |   | 6,539 |  |
| Invuity, Inc., Unfunded Delayed Draw (8)(9)(16)(21)(23)                        |   | Healthcare & Pharmaceuticals |   | 0.00% Unfunded |   | 3/1/22 |   | 3,333 |  |   | (16 | ) |   | (17 | ) |
| KLO / 9357-5991 Quebec Inc                                                     |   | Consumer Goods – Durable |   | 9.00% (1M L+775, 0.75% Floor) |   | 4/7/22 |   | 9,500 |  |   | 9,387 |  |   | 9,386 |  |
| KLO Acquisition LLC                                                            |   | Consumer Goods – Durable |   | 9.00% (1M L+775, 0.75% Floor) |   | 4/7/22 |   | 5,500 |  |   | 5,435 |  |   | 5,434 |  |
| LabVantage Solutions Inc.                                                      |   | High Tech Industries |   | 9.30% (3M L+800, 1.00% Floor) |   | 12/29/20 |   | 14,250 |  |   | 13,924 |  |   | 14,108 |  |
| LabVantage Solutions Limited (16)(17)                                          |   | High Tech Industries |   | 9.00% (3M E+800, 1.00% Floor) |   | 12/29/20 |   | € | 13,054 |  |   | 13,714 |  |   | 14,740 |  |
| Magnetation, LLC (14)                                                          |   | Metals & Mining |   | 9.15% (3M L+800 Cash (PIK Toggle)) |   | 12/31/19 |   | 2,081 |  |   | 2,050 |  |   | 717 |  |
| Maxus Capital Carbon SPE I, LLC                                                |   | Chemicals, Plastics & Rubber |   | 5.22% PIK |   | 12/31/18 |   | 59,305 |  |   | 59,305 |  |   | 50,053 |  |
| My Alarm Center, LLC, Term Loan A (16)(23)                                     |   | Business Services |   | 9.05% (1M L+800, 1.00% Floor) |   | 1/9/19 |   | 28,035 |  |   | 28,035 |  |   | 28,035 |  |
| My Alarm Center, LLC, Term Loan B (16)(23)                                     |   | Business Services |   | 9.23% (1M L+800, 1.00% Floor) |   | 1/9/19 |   | 8,320 |  |   | 8,320 |  |   | 8,320 |  |
| My Alarm Center, LLC, Unfunded Term Loan B (16)(21)(23)                        |   | Business Services |   | 0.35% Unfunded |   | 1/9/19 |   | 441 |  |   | — |  |   | — |  |
| My Alarm Center, LLC, Term Loan C (16)(23)                                     |   | Business Services |   | 9.23% (1M L+800, 1.00% Floor) |   | 1/9/19 |   | 3,554 |  |   | 3,554 |  |   | 3,554 |  |

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Table of Contents

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                                 |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| My Alarm Center, LLC, Unfunded Term Loan C (16)(21)(23)                                    |   | Business Services |   | 0.35% Unfunded |   | 1/9/19 |   | 558 |  |   | — |  |   | — |  |
| Nextech Systems, LLC (18)                                                                  |   | High Tech Industries |   | 8.40% (3M L+725, 1.00% Floor) |   | 6/22/21 |   | 21,575 |  |   | 21,145 |  |   | 21,144 |  |
| Novadaq Technologies Inc. (9)(16)(17)                                                      |   | Healthcare & Pharmaceuticals |   | 8.25% (1M L+720, 0.50% Floor) |   | 1/1/22 |   | 3,333 |  |   | 3,332 |  |   | 3,510 |  |
| Novadaq Technologies Inc., Unfunded Delayed Draw (9)(16)(17)(21)(23)                       |   | Healthcare & Pharmaceuticals |   | 0.00% Unfunded |   | 1/1/22 |   | 6,667 |  |   | (30 | ) |   | — |  |
| Oxford Immunotec, Inc. (9)(16)(17)                                                         |   | Healthcare & Pharmaceuticals |   | 8.65% (1M L+760) |   | 10/1/21 |   | 9,750 |  |   | 9,793 |  |   | 9,824 |  |
| PSI Services, LLC (9)(16)                                                                  |   | Business Services |   | 6.22% (1M L+500, 1.00% Floor) |   | 1/20/23 |   | 4,142 |  |   | 4,046 |  |   | 4,067 |  |
| PSI Services, LLC (9)(16)                                                                  |   | Business Services |   | 8.25% (P+425) |   | 1/20/23 |   | 10 |  |   | 10 |  |   | 10 |  |
| PTC Therapeutics, Inc (9)(16)(17)                                                          |   | Healthcare & Pharmaceuticals |   | 7.20% (1M L+615, 1.00% Floor) |   | 5/1/21 |   | 12,667 |  |   | 12,606 |  |   | 12,603 |  |
| PTC Therapeutics, Inc, Unfunded Delayed Draw (8)(9)(16)(17)(21)(23)                        |   | Healthcare & Pharmaceuticals |   | 0.00% Unfunded |   | 5/1/21 |   | 6,333 |  |   | — |  |   | (32 | ) |
| SCM Insurance Services, Inc. (17)                                                          |   | Business Services |   | 9.25% |   | 8/22/19 |   | C$ | 39,480 |  |   | 33,483 |  |   | 27,254 |  |
| SunEdison, Inc.                                                                            |   | Utilities – Electric |   | 8.72% (1M L+750, 1.00% Floor) |   | 5/2/18 |   | 14,339 |  |   | 14,263 |  |   | 14,375 |  |
| Telestream Holdings Corporation (18)                                                       |   | High Tech Industries |   | 7.61% (3M L +6.45%, 1.00% Floor) |   | 3/24/22 |   | 37,026 |  |   | 36,670 |  |   | 36,285 |  |
| UniTek Global Services Inc. (16)                                                           |   | Telecommunications |   | 9.80% (3M L+750 Cash plus 1.00% PIK, 1.00% Floor) |   | 1/13/19 |   | 1,936 |  |   | 1,936 |  |   | 1,936 |  |
| UniTek Global Services Inc. (16)                                                           |   | Telecommunications |   | 9.80% (3M L+850, 1.00% Floor) |   | 1/13/19 |   | 32,367 |  |   | 32,367 |  |   | 33,014 |  |
| Westinghouse Electric Co LLC (9)(16)                                                       |   | Energy – Electricity |   | 7.50% (1M L+625, 1.00% Floor) |   | 3/31/18 |   | 40,000 |  |   | 39,175 |  |   | 40,000 |  |
| Total First Lien Secured Debt (excluding Revolvers and Letters of Credit)—31.5% (10) |   | $ | 480,168 |  |   | $ | 464,862 |  |
| Revolvers and Letters of Credit                                                            |   |   |   |   |   |   |   |   |   |   |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 4/23/18 |   | $ | 37 |  |   | $ | — |  |   | $ | (2 | ) |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 5/4/17 |   | 8 |  |   | — |  |   | — |  |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 7/29/17 |   | 80 |  |   | — |  |   | (4 | ) |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 10/3/17 |   | 8 |  |   | — |  |   | — |  |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 11/30/17 |   | 37 |  |   | — |  |   | (2 | ) |
| Alliant Holdings Intermediate, LLC, Revolver (16)(23)                                      |   | Insurance |   | 4.52% (1M L+350) |   | 8/14/20 |   | 1,125 |  |   | 1,125 |  |   | 1,076 |  |
| Alliant Holdings Intermediate, LLC, Unfunded Revolver (8)(16)(21)(23)                      |   | Insurance |   | 0.50% Unfunded |   | 8/14/20 |   | 13,705 |  |   | (1,068 | ) |   | (603 | ) |
| Altasciences / 9360-1367 Quebec Inc., Revolver (9)(16)(17)(23)                             |   | Healthcare & Pharmaceuticals |   | 7.55% (1M L+625, 1.00% Floor) |   | 6/9/23 |   | 143 |  |   | 143 |  |   | 139 |  |
| Altasciences US Acquistion, Inc., Revolver (9)(16)(23)                                     |   | Healthcare & Pharmaceuticals |   | 7.55% (1M L+625, 1.00% Floor) |   | 6/9/23 |   | 143 |  |   | 143 |  |   | 139 |  |
| Altasciences US Acquistion, Inc., Unfunded Revolver (8)(9)(16)(21)(23)(28)                 |   | Healthcare & Pharmaceuticals |   | 0.25% Unfunded |   | 6/9/23 |   | 1,141 |  |   | (32 | ) |   | (26 | ) |
| American Media, Inc., Letter of Credit (16)(23)                                            |   | Advertising, Printing & Publishing |   | 7.50% |   | 8/24/20 |   | 153 |  |   | — |  |   | — |  |
| American Media, Inc., Revolver (16)(23)                                                    |   | Advertising, Printing & Publishing |   | 8.80% (3M L+750, 1.00% Floor) |   | 8/24/20 |   | 652 |  |   | 652 |  |   | 652 |  |

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Table of Contents

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|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                     |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| American Media, Inc., Revolver (16)(23)                                        |   | Advertising, Printing & Publishing |   | 10.75% (L+750) |   | 8/24/20 |   | 593 |  |   | 592 |  |   | 593 |  |
| American Media, Inc., Unfunded Revolver (16)(21)(23)                           |   | Advertising, Printing & Publishing |   | 0.50% Unfunded |   | 8/24/20 |   | 380 |  |   | (42 | ) |   | — |  |
| Avantor Performance Materials Holdings, LLC, Letter of Credit (8)(16)(23)      |   | Chemicals, Plastics & Rubber |   | 4.00% |   | 3/10/18 |   | 72 |  |   | — |  |   | — |  |
| Avantor Performance Materials Holdings, LLC, Unfunded Revolver (8)(16)(21)(23) |   | Chemicals, Plastics & Rubber |   | 0.50% Unfunded |   | 3/10/22 |   | 4,928 |  |   | (586 | ) |   | (27 | ) |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 4/1/18 |   | 277 |  |   | — |  |   | (4 | ) |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 10/31/17 |   | 73 |  |   | — |  |   | (1 | ) |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 11/28/17 |   | 670 |  |   | — |  |   | (10 | ) |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 7/11/17 |   | 7 |  |   | — |  |   | — |  |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 10/17/17 |   | 178 |  |   | — |  |   | (3 | ) |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 9/28/17 |   | 14 |  |   | — |  |   | — |  |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 6/25/18 |   | 3 |  |   | — |  |   | — |  |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 11/7/17 |   | 20 |  |   | — |  |   | — |  |
| Erickson Inc., Letter of Credit (8)(9)(16)(23)                                 |   | Aerospace & Defense |   | 7.50% |   | 12/31/17 |   | 180 |  |   | — |  |   | (3 | ) |
| Erickson Inc., Revolver (9)(16)(23)                                            |   | Aerospace & Defense |   | 8.67% (3M L+750) |   | 4/28/22 |   | 23,973 |  |   | 23,636 |  |   | 23,614 |  |
| Erickson Inc., Unfunded Revolver (8)(9)(16)(21)(23)                            |   | Aerospace & Defense |   | 0.50% Unfunded |   | 4/28/22 |   | 19,605 |  |   | (213 | ) |   | (294 | ) |
| Invuity, Inc., Revolver (9)(16)(23)                                            |   | Healthcare & Pharmaceuticals |   | 4.75% (1M L+325, 1.00% Floor) |   | 3/1/22 |   | 850 |  |   | 850 |  |   | 846 |  |
| Invuity, Inc., Unfunded Revolver (8)(9)(16)(21)(23)                            |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 3/1/22 |   | 1,150 |  |   | (9 | ) |   | (6 | ) |
| LabVantage Solutions Limited, Unfunded Revolver (8)(16)(17)(21)(23)            |   | High Tech Industries |   | 0.50% Unfunded |   | 12/29/20 |   | € | 3,435 |  |   | (83 | ) |   | (39 | ) |
| My Alarm Center, LLC, Revolver (16)(23)                                        |   | Business Services |   | 11.25% (P+900) |   | 1/9/19 |   | 5,083 |  |   | 5,083 |  |   | 5,083 |  |
| My Alarm Center, LLC, Unfunded Revolver (16)(21)(23)                           |   | Business Services |   | 0.35% Unfunded |   | 1/9/19 |   | 1,167 |  |   | — |  |   | — |  |
| Novadaq Technologies Inc., Unfunded Revolver (8)(9)(16)(17)(21)(23)            |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 1/1/22 |   | 3,000 |  |   | (14 | ) |   | (2 | ) |
| Oxford Immunotec, Inc., Unfunded Revolver (9)(16)(17)(21)(23)                  |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 10/1/21 |   | 1,000 |  |   | (4 | ) |   | — |  |
| PSI Services, LLC, Revolver (9)(16)(23)                                        |   | Business Services |   | 6.22% (1M L+500, 1.00% Floor) |   | 1/20/22 |   | 198 |  |   | 198 |  |   | 195 |  |
| PSI Services, LLC, Unfunded Revolver (8)(9)(16)(21)(23)                        |   | Business Services |   | 0.50% Unfunded |   | 1/20/22 |   | 198 |  |   | (9 | ) |   | (4 | ) |
| PSI Services, LLC, Unfunded Revolver (9)(16)(21)(23)                           |   | Business Services |   | 0.50% Unfunded |   | 1/20/22 |   | £ | 47 |  |   | — |  |   | — |  |
| SESAC Holdco II LLC, Unfunded Revolver (8)(16)(21)(23)                         |   | Media – Diversified & Production |   | 0.50% Unfunded |   | 2/23/22 |   | 587 |  |   | (49 | ) |   | (44 | ) |
| Tibco Software Inc., Unfunded Revolver (8)(21)(23)                             |   | High Tech Industries |   | 0.50% Unfunded |   | 12/5/19 |   | 6,000 |  |   | (29 | ) |   | (840 | ) |
| TricorBraun Holdings, Inc., Revolver (16)(23)                                  |   | Containers, Packaging & Glass |   | 6.25% (P+225) |   | 11/30/21 |   | 1,410 |  |   | 1,410 |  |   | 1,412 |  |

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Table of Contents

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|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                           |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| TricorBraun Holdings, Inc., Unfunded Revolver (16)(21)(23)           |   | Containers, Packaging & Glass |   | 0.50% Unfunded |   | 11/30/21 |   | 4,215 |  |   | (447 | ) |   | — |  |
| UniTek Global Services Inc., Letter of Credit (16)(23)               |   | Telecommunications |   | 7.50% |   | 1/13/19 |   | 7,762 |  |   | — |  |   | — |  |
| UniTek Global Services Inc., Unfunded Revolver (16)(21)(23)          |   | Telecommunications |   | 0.50% Unfunded |   | 1/13/19 |   | 5,000 |  |   | — |  |   | — |  |
| Wright Medical Group, Inc., Revolver (9)(16)(17)(23)                 |   | Healthcare & Pharmaceuticals |   | 5.48% (1M L+425, 0.75% Floor) |   | 12/23/21 |   | 7,667 |  |   | 7,667 |  |   | 7,590 |  |
| Wright Medical Group, Inc., Unfunded Revolver (8)(9)(16)(17)(21)(23) |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 12/23/21 |   | 42,333 |  |   | (448 | ) |   | (423 | ) |
| Total Revolvers and Letters of Credit—2.6% (10)                |   |   |   |   |   |   |   | $ | 38,466 |  |   | $ | 39,002 |  |
| Total First Lien Secured Debt—34.1% (10)                       |   |   |   |   |   |   |   | $ | 518,634 |  |   | $ | 503,864 |  |
| Second Lien Secured Debt                                             |   |   |   |   |   |   |   |   |   |   |
| Access CIG, LLC (16)                                                 |   | Business Services |   | 9.92% (1M L+875, 1.00% Floor) |   | 10/17/22 |   | $ | 50,970 |  |   | $ | 49,277 |  |   | $ | 50,589 |  |
| Active Network, LLC                                                  |   | Business Services |   | 10.73% (1M L+950, 1.00% Floor) |   | 11/15/21 |   | 17,875 |  |   | 17,720 |  |   | 17,853 |  |
| A-L Parent LLC                                                       |   | Advertising, Printing & Publishing |   | 8.48% (1M L+725, 1.00% Floor) |   | 12/2/24 |   | 10,048 |  |   | 9,954 |  |   | 10,098 |  |
| Almonde, Inc (17)                                                    |   | Business Services |   | 8.25% (3M L+725, 1.00% Floor) |   | 6/13/25 |   | 2,316 |  |   | 2,293 |  |   | 2,360 |  |
| Appriss Holdings, Inc.                                               |   | Business Services |   | 10.55% (3M L+925, 1.00% Floor) |   | 5/21/21 |   | 23,309 |  |   | 23,090 |  |   | 23,309 |  |
| Aptean, Inc.                                                         |   | Business Services |   | 10.80% (1M L+950, 1.00% Floor) |   | 12/20/23 |   | 9,548 |  |   | 9,414 |  |   | 9,577 |  |
| Armor Holding II LLC                                                 |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.30% (3M L+900, 1.25% Floor) |   | 12/26/20 |   | 8,000 |  |   | 7,925 |  |   | 8,080 |  |
| Asurion Corporation                                                  |   | Insurance |   | 8.73% (1M L+750, 1.00% Floor) |   | 3/3/21 |   | 39,590 |  |   | 39,426 |  |   | 39,837 |  |
| ATS Consolidated, Inc.                                               |   | Manufacturing, Capital Equipment |   | 9.50% (3M L+850, 1.00% Floor) |   | 5/30/25 |   | 15,000 |  |   | 14,701 |  |   | 14,963 |  |
| Avantor Performance Materials Holdings, LLC (16)                     |   | Chemicals, Plastics & Rubber |   | 9.48% (3M L+825, 1.00% Floor) |   | 3/10/25 |   | 1,629 |  |   | 1,613 |  |   | 1,641 |  |
| BioClinica Holding I, LP                                             |   | Healthcare & Pharmaceuticals |   | 9.56% (3M L+825, 1.00% Floor) |   | 10/21/24 |   | 24,612 |  |   | 24,159 |  |   | 24,120 |  |
| Confie Seguros Holding II Co.                                        |   | Insurance |   | 11.05% (3M L+975, 1.25% Floor) |   | 5/8/19 |   | 22,344 |  |   | 22,283 |  |   | 22,009 |  |
| CT Technologies Intermediate Holdings, Inc. (9)                      |   | Business Services |   | 10.22% (1M L+900, 1.00% Floor) |   | 12/1/22 |   | 31,253 |  |   | 30,347 |  |   | 30,315 |  |
| Electro Rent Corporation (9)                                         |   | Business Services |   | 10.23% (1M L+900, 1.00% Floor) |   | 1/31/25 |   | 18,333 |  |   | 17,812 |  |   | 17,967 |  |
| Elements Behavioral Health, Inc.                                     |   | Healthcare & Pharmaceuticals |   | 13.18% (3M L+1200 PIK, 1.00% Floor) |   | 2/11/20 |   | 11,557 |  |   | 11,515 |  |   | 9,477 |  |
| Erie Acquisition Holdings, Inc.                                      |   | Business Services |   | 10.20% (3M L+900, 1.00% Floor) |   | 3/1/24 |   | 16,250 |  |   | 16,039 |  |   | 16,189 |  |
| Grocery Outlet, Inc.                                                 |   | Food & Grocery |   | 9.55% (3M L+825, 1.00% Floor) |   | 10/21/22 |   | 25,000 |  |   | 24,749 |  |   | 25,250 |  |
| Hare Bidco, Inc.                                                     |   | Chemicals, Plastics & Rubber |   | 9.75% (3M L+875, 1.00% Floor) |   | 8/1/24 |   | € | 13,574 |  |   | 14,391 |  |   | 15,171 |  |
| Institutional Shareholder Services, Inc.                             |   | Business Services |   | 9.72% (3M L+850, 1.00% Floor) |   | 4/30/22 |   | 8,232 |  |   | 8,169 |  |   | 8,273 |  |
| K&N Parent, Inc.                                                 |   | Automotive |   | 9.98% (1M L+875, 1.00% Floor) |   | 10/21/24 |   | 30,000 |  |   | 29,444 |  |   | 29,925 |  |
| Lanai Holdings III, Inc.                                             |   | Healthcare & Pharmaceuticals |   | 9.73% (1M L+850, 1.00% Floor) |   | 8/28/23 |   | 17,391 |  |   | 16,936 |  |   | 17,043 |  |

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Table of Contents

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|                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                      |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| MedPlast Holdings Inc.                          |   | Manufacturing, Capital Equipment |   | 9.88% (3M L+875, 1.00% Floor) |   | 6/6/23 |   | 8,000 |  |   | 7,808 |  |   | 7,800 |  |
| Ministry Brands, LLC (16)                       |   | Business Services |   | 10.48% (1M L+925, 1.00% Floor) |   | 6/2/23 |   | 10,000 |  |   | 9,863 |  |   | 9,854 |  |
| MW Industries, Inc.                             |   | Manufacturing, Capital Equipment |   | 10.55% (3M L+925, 1.00% Floor) |   | 12/28/20 |   | 20,000 |  |   | 19,610 |  |   | 20,100 |  |
| PAE Holding Corporation                         |   | Aerospace & Defense |   | 10.73% (1M L+950, 1.00% Floor) |   | 10/20/23 |   | 28,097 |  |   | 27,334 |  |   | 28,378 |  |
| Parfums Holding Company, Inc.                   |   | Retail |   | 9.75% (3M L+875, 1.00% Floor) |   | 6/30/25 |   | 8,000 |  |   | 7,760 |  |   | 7,840 |  |
| Poseidon Merger Sub, Inc.                       |   | Business Services |   | 9.67% (3M L+850, 1.00% Floor) |   | 8/15/23 |   | 18,000 |  |   | 17,585 |  |   | 18,000 |  |
| Power Products, LLC (9)                         |   | Manufacturing, Capital Equipment |   | 10.34% (6M L+900, 1.00% Floor) |   | 12/20/23 |   | 32,500 |  |   | 31,448 |  |   | 32,009 |  |
| PSI Services, LLC (9)(16)                       |   | Business Services |   | 10.22% (1M L+900, 1.00% Floor) |   | 1/20/24 |   | 25,714 |  |   | 24,991 |  |   | 25,119 |  |
| Securus Technologies Holdings, Inc.             |   | Telecommunications |   | 9.25% (1M L+825, 1.00% Floor) |   | 6/20/25 |   | 12,878 |  |   | 12,749 |  |   | 12,991 |  |
| Sequential Brands Group, Inc. (17)              |   | Consumer Goods – Durable |   | 10.09% (1M L+900) |   | 7/1/22 |   | 17,424 |  |   | 17,241 |  |   | 17,174 |  |
| SESAC Holdco II LLC (16)                        |   | Media – Diversified & Production |   | 8.37% (3M L+725, 1.00% Floor) |   | 2/24/25 |   | 3,241 |  |   | 3,210 |  |   | 3,254 |  |
| SMG                                             |   | Hotel, Gaming, Leisure, Restaurants |   | 9.55% (3M L+825, 1.00% Floor) |   | 2/27/21 |   | 19,649 |  |   | 19,649 |  |   | 19,625 |  |
| Smokey Merger Sub, Inc. (9)                     |   | High Tech Industries |   | 9.75% (3M L+875, 1.00% Floor) |   | 5/24/24 |   | 30,000 |  |   | 29,113 |  |   | 29,100 |  |
| Sprint Industrial Holdings, LLC (16)(30)        |   | Containers, Packaging & Glass |   | 13.5% PIK |   | 11/14/19 |   | 16,163 |  |   | 15,733 |  |   | 6,700 |  |
| Sprint Industrial Holdings, LLC (16)(31)        |   | Containers, Packaging & Glass |   | 13.5% PIK |   | 11/14/19 |   | 1,106 |  |   | 1,106 |  |   | 1,106 |  |
| STG-Fairway Acquisitions, Inc.                  |   | Business Services |   | 10.45% (3M L+925, 1.00% Floor) |   | 6/30/23 |   | 15,000 |  |   | 14,718 |  |   | 13,200 |  |
| TMK Hawk Parent, Corp.                          |   | Transportation – Cargo, Distribution |   | 8.73% (1M L+750, 1.00% Floor) |   | 10/1/22 |   | 34,000 |  |   | 33,776 |  |   | 34,000 |  |
| Velocity Technology Solutions, Inc.             |   | Business Services |   | 9.55% (3M L+825, 1.25% Floor) |   | 9/28/20 |   | 16,500 |  |   | 16,335 |  |   | 16,459 |  |
| Wave Holdco Merger Sub, Inc.                    |   | Telecommunications |   | 10.48% (1M L+925, 1.00% Floor) |   | 5/27/23 |   | 10,000 |  |   | 9,783 |  |   | 9,877 |  |
| Total Second Lien Secured Debt—47.8% (10) |   |   |   |   |   |   |   | $ | 711,069 |  |   | $ | 706,632 |  |
| Total Secured Debt—81.9% (10)             |   |   |   |   |   |   |   | $ | 1,229,703 |  |   | $ | 1,210,496 |  |
| Unsecured Debt                                  |   |   |   |   |   |   |   |   |   |   |
| American Tire Distributors, Inc. (11)           |   | Transportation – Cargo, Distribution |   | 10.25% |   | 3/1/22 |   | $ | 14,741 |  |   | $ | 14,806 |  |   | $ | 15,337 |  |
| Sorenson Holdings, LLC (11)                     |   | Consumer Goods – Durable |   | 13.85% Cash (13.85% PIK Toggle) |   | 10/31/21 |   | 52 |  |   | 35 |  |   | 49 |  |
| U.S. Security Associates Holdings, Inc.         |   | Business Services |   | 11.00% |   | 7/28/18 |   | 135,000 |  |   | 135,000 |  |   | 135,000 |  |
| UniTek Global Services Inc. (16)                |   | Telecommunications |   | 15.00% PIK |   | 7/13/19 |   | 8,867 |  |   | 8,867 |  |   | 9,044 |  |
| Total Unsecured Debt—10.8% (10)           |   |   |   |   |   |   |   | $ | 158,708 |  |   | $ | 159,430 |  |
| Total Corporate Debt—92.7% (10)           |   |   |   |   |   |   |   | $ | 1,388,411 |  |   | $ | 1,369,926 |  |
| Structured Products and Other                   |   |   |   |   |   |   |   |   |   |   |
| Asset Repackaging Trust Six B.V. (11)(17)(19)   |   | Utilities – Electric |   | 13.11% |   | 5/18/27 |   | $ | 58,411 |  |   | $ | 25,730 |  |   | $ | 31,979 |  |
| Craft 2014-1A, Credit-Linked Note (11)(17)      |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 11.26% (3M L+965) |   | 5/15/21 |   | 42,500 |  |   | 42,345 |  |   | 41,939 |  |

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|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                       |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Craft 2015-2, Credit-Linked Note (11)(17)                        |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.57% (3M L+925) |   | 1/16/24 |   | 26,000 |  |   | 25,827 |  |   | 24,893 |  |
| Total Structured Products and Other—6.7% (10)              |   |   |   |   |   |   |   | $ | 93,902 |  |   | $ | 98,811 |  |
| Equity                                                           |   |   |   |   |   |   |   |   |   |   |
| Preferred Equity                                                 |   |   |   |   |   | Shares |   |   |   |   |
| Sungevity Inc., Series D Preferred Stock (13)                    |   | Energy – Electricity |   | N/A |   | N/A |   | 114,678,899 |  |   | $ | 4,408 |  |   | $ | — |  |
| Total Preferred Equity—0.0% (10)                           |   |   |   |   |   |   |   | $ | 4,408 |  |   | $ | — |  |
| Common Equity/Interests                                          |   |   |   |   |   | Shares |   |   |   |   |
| Accelerate Parent Corp., Common Stock (13)                       |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | 1,664,045 |  |   | $ | 1,714 |  |   | $ | 1,930 |  |
| GFRC Holdings LLC, Membership Interests (13)                     |   | Hotel, Gaming, Leisure, Restaurants |   | N/A |   | N/A |   | 2,500,000 |  |   | — |  |   | — |  |
| Skyline Data, News and Analytics LLC, Class A Common Unit (13)   |   | Business Services |   | N/A |   | N/A |   | 4,500,000 |  |   | 4,500 |  |   | 4,500 |  |
| Sorenson Holdings, LLC, Membership Interests (13)                |   | Consumer Goods – Durable |   | N/A |   | N/A |   | 586 |  |   | — |  |   | 433 |  |
| Total Common Equity/Interests—0.5% (10)                    |   |   |   |   |   |   |   | $ | 6,214 |  |   | $ | 6,863 |  |
| Warrants                                                         |   |   |   |   |   | Warrants |   |   |   |   |
| Invuity, Inc., Warrants (9)                                      |   | Healthcare & Pharmaceuticals |   | N/A |   | N/A |   | 16,873 |  |   | $ | 80 |  |   | $ | 82 |  |
| Sprint Industrial Holdings, LLC, Warrants (29)                   |   | Containers, Packaging & Glass |   | N/A |   | N/A |   | 7,341 |  |   | — |  |   | — |  |
| Total Warrants—0.0% (10)                                   |   |   |   |   |   |   |   | $ | 80 |  |   | $ | 82 |  |
| Total Equity— 0.5% (10)                                    |   |   |   |   |   |   |   | $ | 10,702 |  |   | $ | 6,945 |  |
| Total Non-Controlled/Non-Affiliated Investments—99.9% (10) |   |   |   |   |   | $ | 1,493,015 |  |   | $ | 1,475,682 |  |

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Table of Contents

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                        |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Non-Controlled/Affiliated Investments (4)                                         |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt                                                                    |   |   |   |   |   |   |   |   |   |   |
| Secured Debt                                                                      |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt                                                           |   |   |   |   |   |   |   |   |   |   |
| Solarplicity Group Limited (3)(17)                                                |   | Energy – Electricity |   | 8.00% PIK (8.00% Cash Toggle) |   | 11/30/22 |   | £ | 125,468 |  |   | 146,598 |  |   | 124,297 |  |
| Total First Lien Secured Debt—8.4% (10)                                     |   |   |   | $ | 146,598 |  |   | $ | 124,297 |  |
| Total Secured Debt—8.4% (10)                                                |   |   |   |   |   |   |   | $ | 146,598 |  |   | $ | 124,297 |  |
| Unsecured Debt                                                                    |   |   |   |   |   |   |   |   |   |   |
| Solarplicity UK Holdings Limited (17)                                             |   | Energy – Electricity |   | 8.00% PIK (8.00% Cash Toggle) |   | 2/24/22 |   | £ | 2,000 |  |   | 2,499 |  |   | 2,598 |  |
| Total Unsecured Debt—0.2% (10)                                              |   |   |   | $ | 2,499 |  |   | $ | 2,598 |  |
| Total Corporate Debt—8.6% (10)                                              |   |   |   |   |   |   |   | $ | 149,097 |  |   | $ | 126,895 |  |
| Structured Products and Other                                                     |   |   |   |   |   |   |   |   |   |   |
| Golden Bear 2016-R, LLC, Membership Interests (3)(17)                             |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | N/A |   | 9/20/42 |   | $ | — |  |   | $ | 16,458 |  |   | $ | 17,364 |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd., Subordinated Notes (3)(11)(17)(22)   |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 13.34% |   | 10/18/25 |   | 12,500 |  |   | 8,963 |  |   | 9,283 |  |
| Ivy Hill Middle Market Credit Fund X, Ltd., Subordinated Notes (3)(11)(17)(22)    |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 11.25% |   | 7/26/27 |   | 14,000 |  |   | 10,845 |  |   | 10,406 |  |
| Total Structured Products and Other—2.5% (10)                               |   |   |   |   |   |   |   | $ | 36,266 |  |   | $ | 37,053 |  |
| Equity                                                                            |   |   |   |   |   |   |   |   |   |   |
| Preferred Equity                                                                  |   |   |   |   |   | Shares |   |   |   |   |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series B Preferred Stock (13) |   | Energy – Electricity |   |  N/A |   | N/A |   | 1,505,868 |  |   | $ | 8,343 |  |   | $ | 18,665 |  |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series D Preferred Stock (13) |   | Energy – Electricity |   |  N/A |   | N/A |   | 436,689 |  |   | 5,568 |  |   | 7,090 |  |
| Total Preferred Equity—1.7% (10)                                            |   |   |   |   |   |   |   | $ | 13,911 |  |   | $ | 25,755 |  |
| Common Equity/Interests                                                           |   |   |   |   |   | Shares |   |   |   |   |
| AIC SPV Holdings II, LLC, Membership Interests (13)(15)(17)                       |   | Energy – Electricity |   | N/A |   | N/A |   | N/A |  |   | $ | 534 |  |   | $ | 1,456 |  |
| AMP Solar Group, Inc., Class A Common Unit (13)(17)                               |   | Energy – Electricity |   | N/A |   | N/A |   | 243,646 |  |   | 10,000 |  |   | 5,116 |  |
| Pelican Energy, LLC, Membership Interests (13)(17)                                |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 1,444 |  |   | 27,764 |  |   | 15,603 |  |
| Renew JV LLC, Membership Interests (13)(17)                                       |   | Energy – Electricity |   | N/A |   | N/A |   | 2,527,756 |  |   | 2,792 |  |   | 3,550 |  |
| Solarplicity Group Limited, Class B Common Shares (2)(3)(13)(17)(26)              |   | Energy – Electricity |   | N/A |   | N/A |   | 2,825 |  |   | 2,472 |  |   | — |  |
| Solarplicity UK Holdings Limited, Ordinary Shares (2)(13)(17)                     |   | Energy – Electricity |   | N/A |   | N/A |   | 2,825 |  |   | 4 |  |   | 4,721 |  |
| Total Common Equity/Interests—2.1% (10)                                     |   |   |   |   |   |   |   | $ | 43,566 |  |   | $ | 30,446 |  |
| Warrants                                                                          |   |   |   |   |   | Warrants |   |   |   |   |
| Total Warrants—0.0% (10)                                                    |   |   |   |   |   |   |   | $ | — |  |   | $ | — |  |
| Total Equity—3.8% (10)                                                      |   |   |   |   |   |   |   | $ | 57,477 |  |   | $ | 56,201 |  |
| Total Non-Controlled/Affiliated Investments—14.9% (10)                      |   |   |   |   |   |   |   | $ | 242,840 |  |   | $ | 220,149 |  |

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|                                                                                           |
|-------------------------------------------------------------------------------------------|
|                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                                |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Controlled Investments (5)                                                                |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt                                                                            |   |   |   |   |   |   |   |   |   |   |
| Secured Debt                                                                              |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt                                                                   |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt (excluding Revolvers and Letters of Credit)                       |   |   |   |   |   |   |   |   |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) (16)(23)                |   | Energy – Oil & Gas |   | 8.00% Cash (10.00% PIK Toggle) |   | 3/29/19 |   | $ | 12,500 |  |   | $ | 12,500 |  |   | $ | 12,500 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) (16)(21)(23)            |   | Energy – Oil & Gas |   | 0.00% Unfunded |   | 3/29/19 |   | 7,500 |  |   | — |  |   | — |  |
| SHD Oil & Gas, LLC, Tranche A Note (16)                                               |   | Energy – Oil & Gas |   | 14.00% (8.00% Cash plus 6.00% PIK) |   | 12/31/19 |   | 41,511 |  |   | 41,511 |  |   | 42,756 |  |
| SHD Oil & Gas, LLC, Tranche B Note (14)(16)                                           |   | Energy – Oil & Gas |   | 14.00% PIK |   | 12/31/19 |   | 65,951 |  |   | 44,380 |  |   | 26,741 |  |
| SHD Oil & Gas, LLC, Tranche C Note (16)                                               |   | Energy – Oil & Gas |   | 12.00% |   | 12/31/19 |   | 15,750 |  |   | 15,750 |  |   | 16,223 |  |
| SHD Oil & Gas, LLC, Unfunded Tranche C Note (16)(21)(23)                              |   | Energy – Oil & Gas |   | 0.00% Unfunded |   | 12/31/19 |   | 2,250 |  |   | — |  |   | — |  |
| Total First Lien Secured Debt (excluding Revolvers and Letters of Credit)—6.6% (10) |   | $ | 114,141 |  |   | $ | 98,220 |  |
| Revolvers and Letters of Credit                                                           |   |   |   |   |   |   |   |   |   |   |
| Dynamic Product Tankers, LLC, Letter of Credit (17)(23)                                   |   | Transportation – Cargo, Distribution |   | 2.25% |   | 9/20/17 |   | $ | 2,250 |  |   | $ | — |  |   | $ | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit (16)(23)                   |   | Aviation and Consumer Transport |   | 2.25% |   | 9/30/17 |   | 3,600 |  |   | — |  |   | — |  |
| Merx Aviation Finance, LLC, Letter of Credit (16)(23)                                     |   | Aviation and Consumer Transport |   | 2.25% |   | 7/13/17 |   | 177 |  |   | — |  |   | — |  |
| Merx Aviation Finance, LLC, Revolver (16)(23)                                             |   | Aviation and Consumer Transport |   | 12.00% |   | 10/31/18 |   | 413,834 |  |   | 413,834 |  |   | 413,834 |  |
| Total Revolvers and Letters of Credit—28.0% (10)                                    |   |   |   |   |   |   |   | $ | 413,834 |  |   | $ | 413,834 |  |
| Total First Lien Secured Debt—34.6% (10)                                            |   |   |   |   |   |   |   | $ | 527,975 |  |   | $ | 512,054 |  |
| Second Lien Secured Debt                                                                  |   |   |   |   |   |   |   |   |   |   |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) (16)                    |   | Energy – Oil & Gas |   | 10.00% PIK Toggle (8.00% Cash) |   | 3/29/21 |   | $ | 28,314 |  |   | $ | 28,314 |  |   | $ | 28,314 |  |
| Total Second Lien Secured Debt—1.9% (10)                                            |   |   |   |   |   |   |   | $ | 28,314 |  |   | $ | 28,314 |  |
| Total Secured Debt—36.5% (10)                                                       |   |   |   |   |   |   |   | $ | 556,289 |  |   | $ | 540,368 |  |
| Total Corporate Debt—36.5% (10)                                                     |   |   |   |   |   |   |   | $ | 556,289 |  |   | $ | 540,368 |  |
| Equity                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Common Equity/Interests                                                                   |   |   |   |   |   | Shares |   |   |   |   |
| Dynamic Product Tankers, LLC, Class A Units (17)(24)                                      |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | — |  |   | $ | 48,106 |  |   | $ | 42,778 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), Common Stock (13)      |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 5,000,000 |  |   | 30,078 |  |   | 17,154 |  |

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|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                       |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Merx Aviation Finance, LLC, Membership Interests                 |   | Aviation and Consumer Transport |   | N/A |   | N/A |   | — |  |   | 19,204 |  |   | 49,017 |  |
| MSEA Tankers LLC, Class A Units (17)(25)                         |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | — |  |   | 74,451 |  |   | 71,431 |  |
| SHD Oil & Gas, LLC, Series A Units (13)                      |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 7,600,000 |  |   | 1,411 |  |   | — |  |
| Total Common Equity/Interests—12.2% (10)                   |   |   |   |   |   |   |   | $ | 173,250 |  |   | $ | 180,380 |  |
| Total Equity—12.2% (10)                                    |   |   |   |   |   |   |   | $ | 173,250 |  |   | $ | 180,380 |  |
| Total Controlled Investments—48.7% (10)                    |   |   |   |   |   |   |   | $ | 729,539 |  |   | $ | 720,748 |  |
|                                                             |   |   |   |   |   |   |   |   |   |   |
| Total Investments before Cash Equivalents—163.5% (10)      |   |   |   |   |   |   |   | $ | 2,465,394 |  |   | $ | 2,416,579 |  |
| J.P. Morgan U.S. Government Money Market Fund (27)               |   | N/A |   | N/A |   | N/A |   | $ | — |  |   | $ | 29,853 |  |   | $ | 29,853 |  |
| Total Cash Equivalents—2.0% (10)                           |   |   |   |   |   |   |   | $ | 29,853 |  |   | $ | 29,853 |  |
| Total Investments after Cash Equivalents—165.5% (6)(7)(10) |   |   |   |   |   |   |   | $ | 2,495,247 |  |   | $ | 2,446,432 |  |

|     |                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------|
| (1) | Fair value is determined in good faith by or under the direction of the Board of Directors of the Company (Note 2). |

|     |                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------|
| (2) | Solarplicity Group Limited and Solarplicity UK Holdings Limited are GBP denominated equity investments. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Denotes investments in which the Company owns greater than 25% of the equity, where the governing documents of each entity preclude the Company from exercising a controlling influence over the management or policies of such entity. The Company does not have the right to elect or appoint more than 25% of the directors or another party has the right to elect or appoint more directors than the Company and has the right to appoint certain members of senior management. Therefore, the Company has determined that these entities are not controlled affiliates. As of June 30, 2017, we had a 100%, 32%, 32% and 28% equity ownership interest in Golden Bear 2016-R, LLC; Ivy Hill Middle Market Credit Fund IX, Ltd.; Ivy Hill Middle Market Credit Fund X, Ltd. and Solarplicity Group Limited, respectively. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Denotes investments in which we are an “Affiliated Person,” as defined in the 1940 Act, due to holding the power to vote or owning 5% or more of the outstanding voting securities of the investment but not controlling the company. Fair value as of March 31, 2017 and June 30, 2017 along with transactions during the three months ended June 30, 2017 in these affiliated investments are as follows: |

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|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                                     | Fair Value at March 31, 2017 | Gross Additions ● | Gross Reductions ■ | Net Change in Unrealized Gains (Losses) | Fair Value at June 30, 2017 | Net Realized Gains (Losses) | Interest/Dividend/Other Income |
| AIC SPV Holdings I, LLC, Membership Interests                                     | 24,285 |  | 35 |  | (69,073 | ) | 44,753 |  | — |  | (44,327 | ) | 115 |  |
| AIC SPV Holdings II, LLC, Membership Interests                                    | — |  | 534 |  | — |  | 922 |  | 1,456 |  | — |  | — |  |
| AMP Solar Group, Inc., Class A Common Unit                                        | 4,687 |  | — |  | — |  | 429 |  | 5,116 |  | — |  | — |  |
| Golden Bear 2016-R, LLC, Membership Interests, 9/20/42                            | 17,067 |  | — |  | — |  | 297 |  | 17,364 |  | — |  | — |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd., Subordinated Notes, 13.34%, 10/18/25 | 9,537 |  | — |  | (196 | ) | (58 | ) | 9,283 |  | — |  | 380 |  |
| Ivy Hill Middle Market Credit Fund X, Ltd., Subordinated Notes, 11.25%, 7/26/27   | 10,841 |  | — |  | (233 | ) | (202 | ) | 10,406 |  | — |  | 393 |  |
| LVI Group Investments, LLC, Common Units                                          | — |  | — |  | (17,505 | ) | 17,505 |  | — |  | (17,505 | ) | (306 | ) |
| MCF CLO III, LLC, Membership Interests, 20.40%, 1/20/24                           | — |  | — |  | — |  | — |  | — |  | — |  | 314 |  |
| Pelican Energy, LLC, 10.00% PIK Toggle (10.00% Cash), 12/31/18                    | 15,417 |  | — |  | (26,665 | ) | 11,248 |  | — |  | — |  | — |  |
| Pelican Energy, LLC, Membership Interests                                         | — |  | 26,664 |  | — |  | (11,061 | ) | 15,603 |  | — |  | — |  |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series B Preferred Stock      | 19,383 |  | — |  | — |  | (718 | ) | 18,665 |  | — |  | — |  |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series D Preferred Stock      | 6,253 |  | — |  | — |  | 837 |  | 7,090 |  | — |  | — |  |
| Renew JV LLC, Membership Interests                                                | 4,701 |  | 947 |  | (114 | ) | (1,984 | ) | 3,550 |  | 4,017 |  | — |  |
| Solarplicity Group Limited, 8.00% PIK (8.00% Cash Toggle), 11/30/22               | 119,426 |  | — |  | — |  | 4,871 |  | 124,297 |  | — |  | 2,385 |  |
| Solarplicity UK Holdings Limited, 8.00% PIK (8.00% Cash Toggle), 2/24/22          | 2,501 |  | — |  | — |  | 97 |  | 2,598 |  | — |  | 51 |  |
| Solarplicity UK Holdings Limited, Ordinary Shares                                 | 4,952 |  | — |  | — |  | (231 | ) | 4,721 |  | — |  | — |  |
| Venoco, Inc., 10.00% PIK, 7/25/17                                                 | — |  | — |  | (338 | ) | 338 |  | — |  | (338 | ) | — |  |
| Venoco, Inc., LLC Units                                                           | — |  | — |  | (40,517 | ) | 40,517 |  | — |  | (40,517 | ) | — |  |
| Venoco, Inc., Series A Warrants                                                   | — |  | — |  | (48,170 | ) | 48,170 |  | — |  | (48,170 | ) | — |  |
|                                                                              | $ | 239,050 |  | $ | 28,180 |  | $ | (202,811 | ) | $ | 155,730 |  | $ | 220,149 |  | $ | (146,840 | ) | $ | 3,332 |  |

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Table of Contents

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 25% of the outstanding voting securities of the investment. Fair value as of March 31, 2017 and June 30, 2017 along with transactions during the three months ended June 30, 2017 in these Controlled investments are as follows: |

|                                                                                                                   |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                                                                     | Fair Value at March 31, 2017 | Gross Additions ● | Gross Reductions ■ | Net Change in Unrealized Losses | Fair Value at June 30, 2017 | Net Realized Losses | Interest/Dividend/Other Income |
| Dynamic Product Tankers, LLC, Class A Units                                                                       | 42,644 |  | — |  | — |  | 134 |  | 42,778 |  | — |  | — |  |
| Dynamic Product Tankers, LLC, Letter of Credit, 2.25%, 9/20/17                                                    | — |  | — |  | — |  | — |  | — |  | — |  | 13 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), First Lien Term Loan                           | 10,000 |  | 2,500 |  | — |  | — |  | 12,500 |  | — |  | 239 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), Second Lien Term Loan                          | 27,617 |  | 697 |  | — |  | — |  | 28,314 |  | — |  | 697 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), Common Stock                                   | 18,862 |  | — |  | — |  | (1,708 | ) | 17,154 |  | — |  | — |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), Unfunded Delayed Draw, 0.00% Unfunded, 3/29/19 | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit, 2.25%, 9/30/17                                    | — |  | — |  | — |  | — |  | — |  | — |  | 20 |  |
| Merx Aviation Finance, LLC, Letter of Credit, 2.25%, 7/13/17                                                      | — |  | — |  | — |  | — |  | — |  | — |  | 1 |  |
| Merx Aviation Finance, LLC, Membership Interests                                                                  | 48,811 |  | — |  | — |  | 206 |  | 49,017 |  | — |  | 3,600 |  |
| Merx Aviation Finance, LLC, Revolver, 12.00%, 10/31/18                                                            | 374,084 |  | 105,400 |  | (65,650 | ) | — |  | 413,834 |  | — |  | 13,503 |  |
| MSEA Tankers LLC, Class A Units                                                                                   | 72,797 |  | — |  | — |  | (1,366 | ) | 71,431 |  | — |  | 1,250 |  |
| SHD Oil & Gas, LLC, Tranche A Note, 14.00% (8.00% Cash plus 6.00% PIK), 12/31/19                              | 40,891 |  | 620 |  | — |  | 1,245 |  | 42,756 |  | — |  | 1,447 |  |
| SHD Oil & Gas, LLC, Tranche B Note, 14.00% PIK, 12/31/19                                                      | 32,793 |  | — |  | — |  | (6,052 | ) | 26,741 |  | — |  | — |  |
| SHD Oil & Gas, LLC, Tranche C Note, 12.00%, 12/31/19                                                          | 6,750 |  | 9,000 |  | — |  | 473 |  | 16,223 |  | — |  | 472 |  |
|                                                                                                              | $ | 675,249 |  | $ | 118,217 |  | $ | (65,650 | ) | $ | (7,068 | ) | $ | 720,748 |  | $ | — |  | $ | 21,242 |  |

|       |                                                                                                                                                                                                                                                                                                                                         |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | As of June 30, 2017, the Company had a 85%, 48%, 100%, 98% and 38% equity ownership interest in Dynamic Product Tankers, LLC; Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.); Merx Aviation Finance, LLC; MSEA Tankers, LLC; and SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), respectively. |

|     |                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Aggregate gross unrealized gain and loss for federal income tax purposes is $239,566 and $226,112, respectively. Net unrealized loss is $13,454 based on a tax cost of $2,403,125. |

|     |                                                                                                                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6). As such, these securities are not available as collateral to our general creditors. |

|     |                                                                                 |
|-----|---------------------------------------------------------------------------------|
| (8) | The negative fair value is the result of the commitment being valued below par. |

|     |                                                                                                                                                                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | These are co-investments made with the Company’s affiliates in accordance with the terms of the exemptive order the Company received from the Securities and Exchange Commission (the “SEC”) permitting us to do so. (See Note 3 for discussion of the exemptive order from the SEC.) |

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|      |                                               |
|------|-----------------------------------------------|
| (10) | The percentage is calculated over net assets. |

|      |                                                                                                                                                                                                                            |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (11) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. |

|      |                                                                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| (12) | Denominated in USD unless otherwise noted, Euro (“€”), British Pound (“£”), and Canadian Dollar (“C$”). |

|      |                                |
|------|--------------------------------|
| (13) | Non-income producing security. |

|      |                              |
|------|------------------------------|
| (14) | Non-accrual status (Note 2). |

|      |                                                                                                                                                       |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| (15) | The underlying investments of AIC SPV Holdings II, LLC is a securitization in which the Company has a 15% ownership interest in the residual tranche. |

|      |                                                                                                                                                                                                                                                                                                                                                                       |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (16) | Denotes debt securities where the Company owns multiple tranches of the same broad asset type but whose security characteristics differ. Such differences may include level of subordination, call protection and pricing, and differing interest rate characteristics, among other factors. Such factors are usually considered in the determination of fair values. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (17) | Investments that the Company has determined are not “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. As of June 30, 2017, non-qualifying assets represented approximately 20.63% of the total assets of the Company. |

|      |                                                                                                                                                                                                          |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (18) | In addition to the interest earned based on the stated rate of this loan, the Company may be entitled to receive additional interest as a result of its arrangement with other lenders in a syndication. |

|      |                                                                                                                                                       |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| (19) | This investment represents a leveraged subordinated interest in a trust that holds one foreign currency denominated bond and a derivative instrument. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (20) | Generally, the interest rate on floating interest rate investments is at benchmark rate plus spread. The borrower has an option to choose the benchmark rate, such as the London Interbank Offered Rate (“LIBOR”), the Euro Interbank Offered Rate (“EURIBOR”), the federal funds rate or the prime rate. The spread may change based on the type of rate used. The terms in the Schedule of Investments disclose the actual interest rate in effect as of the reporting period. LIBOR loans are typically indexed to 30-day, 60-day, 90-day or 180-day LIBOR rates (1M L, 3M L, or 6M L, respectively), and EURIBOR loans are typically indexed to 90-day EURIBOR rates (3M E), at the borrower’s option. LIBOR and EURIBOR loans may be subject to interest floors. As of June 30, 2017, rates for 1M L, 3M L, 6M L, 3M E, and prime are 1.22%, 1.30%, 1.45%, (0.37%), and 4.25%, respectively. |

|      |                                                                                                                                         |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|
| (21) | The rates associated with these undrawn committed revolvers and delayed draw term loans represent rates for commitment and unused fees. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (22) | The collateralized loan obligation (“CLO”) equity investments are entitled to recurring distributions which are generally equal to the excess cash flow generated from the underlying investments after payment of the contractual payments to debt holders and fund expenses. The current estimated yield is based on the current projections of this excess cash flow taking into account assumptions such as expected prepayments, losses and future reinvestment rates. These assumptions are periodically reviewed and adjusted. Ultimately, the actual yield may be higher or lower than the estimated yield if actual results differ from those used for the assumptions. |

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|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (23) | As of June 30, 2017, the Company had the following commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and letters of credit and there can be no assurance that such conditions will be satisfied. See Note 8 to the financial statements for further information on revolving and delayed draw loan commitments, including commitments to issue letters of credit, related to certain portfolio companies. |

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |
| Portfolio Company                                                 | Total Commitment | Drawn Commitment | Letters of Credit | Undrawn Commitment |
| Alliant Holdings Intermediate, LLC                                | 15,000 |  | — |  | 170 |  | 14,830 |  |
| Altasciences / 9360-1367 Quebec Inc.                              | 143 |  | — |  | — |  | 143 |  |
| Altasciences US Acquistion, Inc.                                  | 4,134 |  | — |  | — |  | 4,134 |  |
| American Media, Inc.                                              | 1,778 |  | 652 |  | 154 |  | 972 |  |
| Aptevo Therapeutics Inc.                                          | 15,000 |  | 8,571 |  | — |  | 6,429 |  |
| Avantor Performance Materials Holdings, LLC                       | 6,629 |  | 1,629 |  | 72 |  | 4,928 |  |
| Dynamic Product Tankers, LLC                                      | 2,250 |  | — |  | 2,250 |  | — |  |
| Erickson Inc                                                      | 45,000 |  | — |  | 1,422 |  | 43,578 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | 7,500 |  | — |  | — |  | 7,500 |  |
| Invuity, Inc.                                                     | 12,000 |  | 6,667 |  | — |  | 5,333 |  |
| LabVantage Solutions Limited *                                    | 3,918 |  | — |  | — |  | 3,918 |  |
| Merx Aviation Finance Assets Ireland Limited                      | 3,600 |  | — |  | 3,600 |  | — |  |
| Merx Aviation Finance, LLC                                        | 177 |  | — |  | 177 |  | — |  |
| My Alarm Center, LLC                                              | 19,123 |  | 16,958 |  | — |  | 2,165 |  |
| Novadaq Technologies Inc.                                         | 13,000 |  | 3,333 |  | — |  | 9,667 |  |
| Oxford Immunotec, Inc.                                            | 1,000 |  | — |  | — |  | 1,000 |  |
| PSI Services, LLC *                                               | 458 |  | 199 |  | — |  | 259 |  |
| PTC Therapeutics, Inc                                             | 6,333 |  | — |  | — |  | 6,333 |  |
| SESAC Holdco II LLC                                               | 587 |  | — |  | — |  | 587 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC)       | 18,000 |  | 15,750 |  | — |  | 2,250 |  |
| Tibco Software Inc.                                               | 6,000 |  | — |  | — |  | 6,000 |  |
| TricorBraun Holdings, Inc.                                        | 5,625 |  | 1,410 |  | — |  | 4,215 |  |
| UniTek Global Services Inc.                                       | 12,762 |  | — |  | 7,762 |  | 5,000 |  |
| Wright Medical Group, Inc.                                        | 50,000 |  | 7,667 |  | — |  | 42,333 |  |
| Total Commitments                                                 | $ | 250,017 |  | $ | 62,836 |  | $ | 15,607 |  | $ | 171,574 |  |

|      |                                                                                                                                                                                                                                                                                                                                                                         |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (24) | As of June 30, 2017, Dynamic Product Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-3 units which are identical except that Class A-1 unit is voting and Class A-3 unit is non-voting. The units entitle the Company to appoint three out of five managers to the board of managers. |

|      |                                                                                                                                                                                                                                                                                                                                                             |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (25) | As of June 30, 2017, MSEA Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-2 units which are identical except that Class A-1 unit is voting and Class A-2 unit is non-voting. The units entitle the Company to appoint two out of three managers to the board of managers. |

|      |                                                                                                                                                                                                    |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (26) | As of June 30, 2017, the Company holds two classes of shares in Solarplicity Group Limited. The Company holds 434 shares of Class A shares (non-voting) and 2,391 shares of Class B (voting). |

|      |                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------|
| (27) | This security is included in the Cash and Cash Equivalents on the Statement of Assets and Liabilities. |

|      |                                                                                                                                                                                                                                                                               |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (28) | The unused line fees of 0.50% and 0.25%, respectively are collected for the Unfunded Delayed Draw and Unfunded Revolver from both Altasciences US Acquistion, Inc. and Altasciences / 9360-1367 Quebec Inc. as each borrower has access to the respective lending facilities. |

|      |                                                                                                                                                                                      |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (29) | The Company holds three classes of warrants in Sprint Industrial Holdings, LLC, The Company holds 5,595 warrants of Class G, 507 warrants of Class H, and 1,239 warrants of Class I. |

|      |                                                                                                                                                                                                                                                                     |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (30) | This investment represents the original debt investment made by the Company in Sprint Industrial Holdings, LLC which has been restructured and as a result accumulate PIK as a different investment (footnote 31), which has priority to the this investment.  |

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|      |                                                                                                                                                                                                                                                                                            |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (31) | This investment represents a new debt investment resulting from the restructuring of the Company’s original debt investment in Sprint Industrial Holdings, LLC.  The investment is comprised of capitalized PIK and has priority to the original debt investment (footnote 30). |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |
| Industry Classification                                              | Percentage of Total Investments (at Fair Value) as of June 30, 2017 |
|  Business Services                                              | 21.7% |
|  Aviation and Consumer Transport                                | 19.2% |
|  Energy – Electricity                                     | 8.6% |
|  Transportation – Cargo, Distribution                     | 6.9% |
|  Energy – Oil & Gas                                   | 6.6% |
|  High Tech Industries                                           | 6.2% |
|  Diversified Investment Vehicles, Banking, Finance, Real Estate | 4.6% |
|  Healthcare & Pharmaceuticals                               | 4.5% |
|  Manufacturing, Capital Equipment                               | 3.1% |
|  Telecommunications                                             | 2.8% |
|  Chemicals, Plastics & Rubber                               | 2.8% |
|  Insurance                                                      | 2.6% |
|  Aerospace & Defense                                        | 2.1% |
|  Utilities – Electric                                     | 1.9% |
|  Consumer Goods – Durable                                 | 1.3% |
|  Automotive                                                     | 1.2% |
|  Advertising, Printing & Publishing                         | 1.1% |
|  Food & Grocery                                             | 1.0% |
|  Hotel, Gaming, Leisure, Restaurants                            | 0.9% |
|  Containers, Packaging & Glass                              | 0.4% |
|  Retail                                                         | 0.3% |
|  Media – Diversified & Production                     | 0.1% |
|  Metals & Mining                                            | 0.1% |
| Total Investments                                                    | 100.0% |

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                              |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Non-Controlled/Non-Affiliated Investments                               |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt                                                          |   |   |   |   |   |   |   |   |   |   |
| Secured Debt                                                            |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt                                                 |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt (excluding Revolvers and Letters of Credit)     |   |   |   |   |   |   |   |   |
| American Media, Inc. (16)                                               |   | Advertising, Printing & Publishing |   | 8.50% (1M L+750, 1.00% Floor) |   | 8/24/20 |   | $ | 15,467 |  |   | $ | 15,048 |  |   | $ | 15,467 |  |
| Aptevo Therapeutics Inc. (9)(16)(23)                                    |   | Healthcare & Pharmaceuticals |   | 8.38% (1M L+760) |   | 2/1/21 |   | 8,571 |  |   | 8,605 |  |   | 8,419 |  |
| Aptevo Therapeutics Inc., Unfunded Delayed Draw (9)(16)(21)(23)         |   | Healthcare & Pharmaceuticals |   | 0.00% Unfunded |   | 2/1/21 |   | 6,429 |  |   | (27 | ) |   | 114 |  |
| ChyronHego Corporation (18)                                             |   | High Tech Industries |   | 7.43% (1M L+643, 1.00% Floor) |   | 3/9/20 |   | 36,208 |  |   | 35,697 |  |   | 35,484 |  |
| Dodge Data & Analytics LLC                                          |   | Business Services |   | 9.94% (3M L+875, 1.00% Floor) |   | 10/31/19 |   | 51,234 |  |   | 50,647 |  |   | 49,825 |  |
| ECN Holding Company (Emergency Communications Network) (16)(18)         |   | High Tech Industries |   | 9.50% (2M L+850, 1.00% Floor) |   | 6/12/21 |   | 22,190 |  |   | 21,944 |  |   | 22,040 |  |
| GFRC Holdings LLC (f/k/a Garden Fresh Restaurant Group. Inc.)           |   | Hotel, Gaming, Leisure, Restaurants |   | 10.50% (1M L+900 Cash (L+900 PIK Toggle), 1.50% Floor) |   | 2/1/22 |   | 2,500 |  |   | 2,500 |  |   | 2,375 |  |
| Invuity, Inc. (9)(16)                                                   |   | Healthcare & Pharmaceuticals |   | 8.00% (1M L+650, 1.50% Floor) |   | 3/1/22 |   | 6,667 |  |   | 6,558 |  |   | 6,539 |  |
| Invuity, Inc., Unfunded Delayed Draw (8)(9)(16)(21)(23)                 |   | Healthcare & Pharmaceuticals |   | 0.00% Unfunded |   | 3/1/22 |   | 3,333 |  |   | (16 | ) |   | (64 | ) |
| LabVantage Solutions Inc.                                               |   | High Tech Industries |   | 9.00% (3M L+800, 1.00% Floor) |   | 12/29/20 |   | 14,438 |  |   | 14,085 |  |   | 14,293 |  |
| LabVantage Solutions Limited (16)(17)                                   |   | High Tech Industries |   | 9.00% (3M E+800, 1.00% Floor) |   | 12/29/20 |   | € | 13,226 |  |   | 13,852 |  |   | 14,004 |  |
| Magnetation, LLC (14)(16)                                               |   | Metals & Mining |   | 12.00% PIK |   | 12/31/19 |   | 12,527 |  |   | 10,378 |  |   | — |  |
| Magnetation, LLC (14)(16)                                               |   | Metals & Mining |   | 9.15% (3M L+800 Cash (PIK Toggle)) |   | 12/31/19 |   | 2,081 |  |   | 2,050 |  |   | 705 |  |
| Maxus Capital Carbon SPE I, LLC                                         |   | Chemicals, Plastics & Rubber |   | 5.22% PIK |   | 12/31/18 |   | 59,305 |  |   | 59,305 |  |   | 50,585 |  |
| My Alarm Center, LLC, Term Loan A (16)                                  |   | Business Services |   | 9.00% (1M L+800, 1.00% Floor) |   | 1/9/19 |   | 28,035 |  |   | 28,035 |  |   | 28,035 |  |
| My Alarm Center, LLC, Term Loan B (16)(23)                              |   | Business Services |   | 9.00% (1M L+800, 1.00% Floor) |   | 1/9/19 |   | 8,320 |  |   | 8,320 |  |   | 8,320 |  |
| My Alarm Center, LLC, Unfunded Term Loan B (16)(21)(23)                 |   | Business Services |   | 0.35% Unfunded |   | 1/9/19 |   | 441 |  |   | — |  |   | — |  |
| My Alarm Center, LLC, Term Loan C (16)(23)                              |   | Business Services |   | 9.00% (1M L+800, 1.00% Floor) |   | 1/9/19 |   | 3,554 |  |   | 3,554 |  |   | 3,554 |  |
| My Alarm Center, LLC, Unfunded Term Loan C (16)(21)(23)                 |   | Business Services |   | 0.35% Unfunded |   | 1/9/19 |   | 557 |  |   | — |  |   | — |  |
| Nextech Systems, LLC (18)                                               |   | High Tech Industries |   | 8.40% (3M L+725, 1.00% Floor) |   | 6/22/21 |   | 21,716 |  |   | 21,256 |  |   | 21,282 |  |
| Novadaq Technologies Inc. (9)(16)(17)(23)                               |   | Healthcare & Pharmaceuticals |   | 7.98% (1M L+720, 0.50% Floor) |   | 1/1/22 |   | 3,333 |  |   | 3,324 |  |   | 3,325 |  |
| Novadaq Technologies Inc., Unfunded Delayed Draw (8)(9)(16)(17)(21)(23) |   | Healthcare & Pharmaceuticals |   | 0.00% Unfunded |   | 1/1/22 |   | 6,666 |  |   | (32 | ) |   | (18 | ) |
| Oxford Immunotec, Inc. (9)(16)(17)                                      |   | Healthcare & Pharmaceuticals |   | 8.38% (1M L+760) |   | 10/1/21 |   | 9,750 |  |   | 9,752 |  |   | 9,756 |  |
| PSI Services, LLC (9)(16)                                               |   | Business Services |   | 6.00% (1M L+500, 1.00% Floor) |   | 1/20/23 |   | 7,698 |  |   | 7,511 |  |   | 7,508 |  |
| Saba Software, Inc. (18)                                                |   | High Tech Industries |   | 9.00% (1M L+800, 1.00% Floor) |   | 3/30/21 |   | 9,825 |  |   | 9,825 |  |   | 9,825 |  |

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|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                                 |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| SCM Insurance Services, Inc. (17)                                                          |   | Business Services |   | 9.250% |   | 8/22/19 |   | C$ | 39,480 |  |   | 33,387 |  |   | 25,527 |  |
| Telestream Holdings Corporation (18)                                                       |   | High Tech Industries |   | 7.61% (3M L+645, 1.00% Floor) |   | 1/15/20 |   | 37,119 |  |   | 36,745 |  |   | 36,376 |  |
| UniTek Global Services Inc. (16)                                                           |   | Telecommunications |   | 9.65% (3M L+750 Cash plus 1.00% PIK, 1.00% Floor) |   | 1/13/19 |   | 32,367 |  |   | 32,366 |  |   | 33,013 |  |
| UniTek Global Services Inc. (16)                                                           |   | Telecommunications |   | 11.50% (P+750) |   | 1/13/19 |   | 10,000 |  |   | 10,000 |  |   | 10,000 |  |
| UniTek Global Services Inc. (16)                                                           |   | Telecommunications |   | 9.65% (3M L+750 Cash plus 1.00% PIK, 1.00% Floor) |   | 1/13/19 |   | 1,709 |  |   | 1,709 |  |   | 1,709 |  |
| Westinghouse Electric Co LLC (9)(16)                                                       |   | Energy – Electricity |   | 7.25% (1M L+625, 1.00% Floor) |   | 3/31/18 |   | 17,500 |  |   | 17,064 |  |   | 17,064 |  |
| Westinghouse Electric Co LLC (9)(21)                                                       |   | Energy – Electricity |   | 0.50% Unfunded |   | 3/31/18 |   | 22,500 |  |   | — |  |   | — |  |
| Total First Lien Secured Debt (excluding Revolvers and Letters of Credit)—29.4% (10) |   | $ | 463,442 |  |   | $ | 435,062 |  |
| Revolvers and Letters of Credit                                                            |   |   |   |   |   |   |   |   |   |   |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 4/24/17 |   | $ | 37 |  |   | $ | — |  |   | $ | (2 | ) |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 5/4/17 |   | 8 |  |   | — |  |   | — |  |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 6/30/17 |   | 17 |  |   | — |  |   | (1 | ) |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 7/29/17 |   | 80 |  |   | — |  |   | (4 | ) |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 10/3/17 |   | 8 |  |   | — |  |   | — |  |
| Alliant Holdings Intermediate, LLC, Letter of Credit (8)(16)(23)                           |   | Insurance |   | 3.375% |   | 11/30/17 |   | 38 |  |   | — |  |   | (2 | ) |
| Alliant Holdings Intermediate, LLC, Unfunded Revolver (8)(16)(21)(23)                      |   | Insurance |   | 0.50% Unfunded |   | 8/14/20 |   | 14,812 |  |   | (1,152 | ) |   | (697 | ) |
| American Media, Inc., Letter of Credit (16)(23)                                            |   | Advertising, Printing & Publishing |   | 7.500% |   | 8/24/20 |   | 154 |  |   | — |  |   | — |  |
| American Media, Inc., Revolver (16)(23)                                                    |   | Advertising, Printing & Publishing |   | 8.56% (3M L+750, 1.00% Floor) |   | 8/24/20 |   | 770 |  |   | 770 |  |   | 770 |  |
| American Media, Inc., Unfunded Revolver (16)(21)(23)                                       |   | Advertising, Printing & Publishing |   | 0.50% Unfunded |   | 8/24/20 |   | 854 |  |   | (45 | ) |   | — |  |
| Avantor Performance Materials Holdings, LLC, Letter of Credit (16)(23)                     |   | Chemicals, Plastics & Rubber |   | 4.00% |   | 3/10/18 |   | 72 |  |   | 1 |  |   | — |  |
|  Avantor Performance Materials Holdings, LLC, Unfunded Revolver (8)(16)(21)(23)       |   | Chemicals, Plastics & Rubber |   | 0.50% Unfunded |   | 3/10/22 |   | 4,928 |  |   | (617 | ) |   | (13 | ) |
| Endologix, Inc., Unfunded Revolver (8)(9)(17)(21)(23)                                      |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 7/29/20 |   | 5,000 |  |   | (21 | ) |   | (25 | ) |
| Invuity, Inc., Unfunded Revolver (8)(9)(16)(21)(23)                                        |   |  Healthcare & Pharmaceuticals |   |  0.50% Unfunded |   | 3/1/22 |   | 2,000 |  |   | (9 | ) |   | (10 | ) |
| LabVantage Solutions Limited, Unfunded Revolver (8)(16)(17)(21)(23)                        |   | High Tech Industries |   | 0.50% Unfunded |   | 12/29/20 |   | € | 3,435 |  |   | (90 | ) |   | (37 | ) |
| My Alarm Center, LLC, Revolver (16)(23)                                                    |   | Business Services |   | 11.00% (P+700) |   | 1/9/19 |   | 5,083 |  |   | 5,083 |  |   | 5,083 |  |
| My Alarm Center, LLC, Unfunded Revolver (16)(21)(23)                                       |   | Business Services |   | 0.35% Unfunded |   | 1/9/19 |   | 1,167 |  |   | — |  |   | — |  |
| Novadaq Technologies Inc., Unfunded Revolver (8)(9)(16)(17)(21)(23)                        |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 1/1/22 |   | 3,000 |  |   | (14 | ) |   | (14 | ) |
| Oxford Immunotec, Inc., Unfunded Revolver (8)(9)(16)(17)(21)(23)                           |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 10/1/21 |   | 1,000 |  |   | (5 | ) |   | (5 | ) |
| PSI Services, LLC, Revolver (9)(16)(23)                                                    |   | Business Services |   | 6.00% (3M L+500, 1.00% Floor) |   | 1/20/22 |   | 198 |  |   | 198 |  |   | 194 |  |

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|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                      |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| PSI Services, LLC, Unfunded Revolver (9)(16)(21)(23)                            |   | Business Services |   | 0.50% Unfunded |   | 1/20/22 |   | £ | 47 |  |   | — |  |   | — |  |
| PSI Services, LLC, Unfunded Revolver (9)(8)(16)(21)(23)                         |   | Business Services |   | 0.50% Unfunded |   | 1/20/22 |   | 198 |  |   | (10 | ) |   | (5 | ) |
| SESAC Holdco II LLC, Unfunded Revolver (8)(16)(21)(23)                          |   | Media – Diversified & Production |   | 0.50% Unfunded |   | 2/23/22 |   | 587 |  |   | (52 | ) |   | (44 | ) |
| Tibco Software Inc., Unfunded Revolver (8)(21)(23)                              |   | High Tech Industries |   | 0.50% Unfunded |   | 12/5/19 |   | 6,000 |  |   | (32 | ) |   | (839 | ) |
| TricorBraun Holdings, Inc., Revolver (16)(23)                                   |   | Containers, Packaging & Glass |   | 6.25% (P+225) |   | 11/30/21 |   | 960 |  |   | 960 |  |   | 960 |  |
| TricorBraun Holdings, Inc., Unfunded Revolver (16)(21)(23)                      |   | Containers, Packaging & Glass |   | 0.50% Unfunded |   | 11/30/21 |   | 4,665 |  |   | (472 | ) |   | — |  |
| UniTek Global Services Inc., Letter of Credit (16)(23)                          |   | Telecommunications |   | 7.50% |   | 1/13/19 |   | 7,762 |  |   | — |  |   | — |  |
| UniTek Global Services Inc., Unfunded Revolver (16)(21)(23)                     |   | Telecommunications |   | 0.50% Unfunded |   | 1/13/19 |   | 5,000 |  |   | — |  |   | — |  |
| Wright Medical Group, Inc., Revolver (9)(16)(17)(23)                            |   | Healthcare & Pharmaceuticals |   | 5.03% (1M L+425, 0.75% Floor) |   | 12/23/21 |   | 10,000 |  |   | 10,000 |  |   | 9,900 |  |
| Wright Medical Group, Inc., Unfunded Revolver (8)(9)(16)(17)(21)(23)            |   | Healthcare & Pharmaceuticals |   | 0.50% Unfunded |   | 12/23/21 |   | 40,000 |  |   | (302 | ) |   | (400 | ) |
| Total Revolvers and Letters of Credit—1.0% (10)                           |   |   |   |   |   |   |   | $ | 14,191 |  |   | $ | 14,809 |  |
| Total First Lien Secured Debt—30.4% (10)                                  |   |   |   |   |   |   |   | $ | 477,633 |  |   | $ | 449,871 |  |
| Second Lien Secured Debt                                                        |   |   |   |   |   |   |   |   |   |   |
| Access CIG, LLC (16)                                                            |   | Business Services |   | 9.78% (3M L+875, 1.00% Floor) |   | 10/17/22 |   | $ | 50,970 |  |   | $ | 49,054 |  |   | $ | 51,313 |  |
| Active Network, LLC                                                             |   | Business Services |   | 10.50% (1M L+950, 1.00% Floor) |   | 11/15/21 |   | 17,875 |  |   | 17,712 |  |   | 17,819 |  |
| A-L Parent LLC                                                                  |   | Advertising, Printing & Publishing |   | 8.25% (1M L+725, 1.00% Floor) |   | 12/2/24 |   | 10,048 |  |   | 9,951 |  |   | 10,023 |  |
| Appriss Holdings, Inc.                                                          |   | Business Services |   | 10.40% (3M L+925, 1.00% Floor) |   | 5/21/21 |   | 23,309 |  |   | 23,057 |  |   | 23,309 |  |
| Aptean, Inc.                                                                    |   | Business Services |   | 10.50% (1M L+950, 1.00% Floor) |   | 12/20/23 |   | 9,548 |  |   | 9,409 |  |   | 9,571 |  |
| Armor Holding II LLC                                                            |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.25% (3M L+900, 1.25% Floor) |   | 12/26/20 |   | 8,000 |  |   | 7,906 |  |   | 8,000 |  |
| Asurion Corporation                                                             |   | Insurance |   | 8.50% (1M L+750, 1.00% Floor) |   | 3/3/21 |   | 39,590 |  |   | 39,404 |  |   | 40,167 |  |
| Avantor Performance Materials Holdings, LLC (16)                                |   | Chemicals, Plastics & Rubber |   | 9.25% (1M L+825, 1.00% Floor) |   | 3/10/25 |   | 737 |  |   | 730 |  |   | 742 |  |
| Avantor Performance Materials Holdings, LLC, Unfunded Delayed Draw (16)(21)(23) |   | Chemicals, Plastics & Rubber |   | 0.00% Unfunded |   | 3/10/25 |   | 892 |  |   | (9 | ) |   | — |  |
| BioClinica Holding I, LP                                                        |   | Healthcare & Pharmaceuticals |   | 9.25% (1M L+825, 1.00% Floor) |   | 10/21/24 |   | 24,612 |  |   | 24,144 |  |   | 24,474 |  |
| Confie Seguros Holding II Co.                                                   |   | Insurance |   | 10.25% (1M L+900, 1.25% Floor) |   | 5/8/19 |   | 22,344 |  |   | 22,276 |  |   | 22,260 |  |
| Electro Rent Corporation (9)                                                    |   | Business Services |   | 10.00% (1M L+900, 1.00% Floor) |   | 1/31/25 |   | 18,333 |  |   | 17,795 |  |   | 17,967 |  |
| Elements Behavioral Health, Inc.                                                |   | Healthcare & Pharmaceuticals |   | 13.04% (3M L+1200 PIK, 1.00% Floor) |   | 2/11/20 |   | 11,192 |  |   | 11,141 |  |   | 9,289 |  |
| GCA Services Group, Inc.                                                        |   | Business Services |   | 10.05% (3M L+900, 1.00% Floor) |   | 3/1/24 |   | 16,250 |  |   | 16,022 |  |   | 16,189 |  |
| Grocery Outlet, Inc.                                                            |   | Food & Grocery |   | 9.40% (3M L+825, 1.00% Floor) |   | 10/21/22 |   | 25,000 |  |   | 24,713 |  |   | 25,094 |  |

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Table of Contents

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|                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                      |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Hare Bidco, Inc.                                |   | Chemicals, Plastics & Rubber |   | 9.75% (3M L+875, 1.00% Floor) |   | 8/1/24 |   | € | 13,574 |  |   | 14,381 |  |   | 14,228 |  |
| Institutional Shareholder Services, Inc.        |   | Business Services |   | 9.61% (3M L+850, 1.00% Floor) |   | 4/30/22 |   | 8,232 |  |   | 8,162 |  |   | 8,314 |  |
| K&N Parent, Inc.                            |   | Automotive |   | 9.75% (3M L+875, 1.00% Floor) |   | 10/21/24 |   | 30,000 |  |   | 29,425 |  |   | 29,849 |  |
| Lanai Holdings III, Inc.                        |   | Healthcare & Pharmaceuticals |   | 9.50% (1M L+850, 1.00% Floor) |   | 8/28/23 |   | 17,391 |  |   | 16,907 |  |   | 17,217 |  |
| MedPlast Holdings Inc.                          |   | Manufacturing, Capital Equipment |   | 9.78% (3M L+875, 1.00% Floor) |   | 6/6/23 |   | 8,000 |  |   | 7,800 |  |   | 7,800 |  |
| Ministry Brands, LLC (16)(23)                   |   | Business Services |   | 10.25% (1M L+925, 1.00% Floor) |   | 6/2/23 |   | 10,000 |  |   | 9,856 |  |   | 9,851 |  |
| MSC Software Corp. (17)                         |   | High Tech Industries |   | 8.50% (1M L+750, 1.00% Floor) |   | 5/31/21 |   | 13,448 |  |   | 13,359 |  |   | 13,464 |  |
| MW Industries, Inc.                             |   | Manufacturing, Capital Equipment |   | 10.40% (3M L+925, 1.00% Floor) |   | 12/28/20 |   | 20,000 |  |   | 19,569 |  |   | 20,100 |  |
| PAE Holding Corporation                         |   | Aerospace & Defense |   | 10.50% (1M L+950, 1.00% Floor) |   | 10/20/23 |   | 22,026 |  |   | 21,297 |  |   | 22,246 |  |
| PetVet Care Centers, LLC                        |   | Healthcare & Pharmaceuticals |   | 9.65% (3M L+850, 1.00% Floor) |   | 6/17/21 |   | 13,500 |  |   | 13,120 |  |   | 13,298 |  |
| Poseidon Merger Sub, Inc.                       |   | Business Services |   | 9.56% (3M L+850, 1.00% Floor) |   | 8/15/23 |   | 18,000 |  |   | 17,568 |  |   | 18,000 |  |
| Power Products, LLC (9)                         |   | Manufacturing, Capital Equipment |   | 10.34% (3M L+900, 1.00% Floor) |   | 12/20/23 |   | 37,500 |  |   | 36,239 |  |   | 36,847 |  |
| PSI Services, LLC (9)(16)                       |   | Business Services |   | 10.00% (1M L+900, 1.00% Floor) |   | 1/20/24 |   | 25,714 |  |   | 24,964 |  |   | 24,950 |  |
| Sequential Brands Group, Inc. (17)              |   | Consumer Goods – Durable |   | 9.83% (1M L+900) |   | 7/1/22 |   | 17,512 |  |   | 17,319 |  |   | 17,252 |  |
| SESAC Holdco II LLC (16)                        |   | Media – Diversified & Production |   | 8.25% (3M L+725, 1.00% Floor) |   | 2/24/25 |   | 3,241 |  |   | 3,209 |  |   | 3,254 |  |
| SiTV, Inc. (11)                                 |   | Broadcasting & Subscription |   | 10.38% |   | 7/1/19 |   | 2,219 |  |   | 2,219 |  |   | 1,340 |  |
| SMG                                             |   | Hotel, Gaming, Leisure, Restaurants |   | 9.40% (3M L+825, 1.00% Floor) |   | 2/27/21 |   | 19,649 |  |   | 19,649 |  |   | 19,625 |  |
| Sprint Industrial Holdings, LLC                 |   | Containers, Packaging & Glass |   | 13.50% PIK |   | 11/14/19 |   | 16,707 |  |   | 16,213 |  |   | 9,297 |  |
| Sterling Holdings Ultimate Parent, Inc.         |   | Business Services |   | 9.40% (3M L+825, 1.00% Floor) |   | 6/19/23 |   | 20,000 |  |   | 19,824 |  |   | 19,800 |  |
| STG-Fairway Acquisitions, Inc.                  |   | Business Services |   | 10.30% (3M L+925, 1.00% Floor) |   | 6/30/23 |   | 15,000 |  |   | 14,685 |  |   | 14,663 |  |
| TMK Hawk Parent, Corp.                          |   | Transportation – Cargo, Distribution |   | 8.50% (1M L+750, 1.00% Floor) |   | 10/1/22 |   | 34,000 |  |   | 33,745 |  |   | 33,830 |  |
| Velocity Technology Solutions, Inc.             |   | Business Services |   | 9.50% (3M L+825, 1.25% Floor) |   | 9/28/20 |   | 16,500 |  |   | 16,298 |  |   | 16,335 |  |
| Wave Holdco Merger Sub, Inc.                    |   | Telecommunications |   | 10.25% (1M L+925, 1.00% Floor) |   | 5/27/23 |   | 10,000 |  |   | 9,768 |  |   | 9,874 |  |
| Total Second Lien Secured Debt—44.4% (10) |   |   |   |   |   |   |   | $ | 658,881 |  |   | $ | 657,651 |  |
| Total Secured Debt—74.8% (10)             |   |   |   |   |   |   |   | $ | 1,136,514 |  |   | $ | 1,107,522 |  |
| Unsecured Debt                                  |   |   |   |   |   |   |   |   |   |   |
| American Tire Distributors, Inc. (11)           |   | Transportation – Cargo, Distribution |   | 10.25% |   | 3/1/22 |   | $ | 14,741 |  |   | $ | 14,808 |  |   | $ | 15,119 |  |
| Sorenson Holdings, LLC (11)                     |   | Consumer Goods – Durable |   | 13.85% Cash (13.85% PIK Toggle) |   | 10/31/21 |   | 52 |  |   | 35 |  |   | 47 |  |
| U.S. Security Associates Holdings, Inc.         |   | Business Services |   | 11.00% |   | 7/28/18 |   | 135,000 |  |   | 135,000 |  |   | 135,000 |  |
| UniTek Global Services Inc. (16)                |   | Telecommunications |   | 15.00% PIK |   | 7/13/19 |   | 8,547 |  |   | 8,547 |  |   | 8,717 |  |
| Total Unsecured Debt—10.7% (10)           |   |   |   |   |   |   |   | $ | 158,390 |  |   | $ | 158,883 |  |
| Total Corporate Debt—85.5% (10)           |   |   |   |   |   |   |   | $ | 1,294,904 |  |   | $ | 1,266,405 |  |

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Table of Contents

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|------------------------------------------------------------------------------------------|
|                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                               |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Structured Products and Other                                                            |   |   |   |   |   |   |   |   |   |   |
| Asset Repackaging Trust Six B.V. (11)(17)(19)                                            |   | Utilities – Electric |   | 13.11% |   | 5/18/27 |   | $ | 58,411 |  |   | $ | 25,637 |  |   | $ | 29,615 |  |
| Craft 2013-1, Credit-Linked Note (11)(16)(17)                                            |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.31% (3M L+925) |   | 4/17/22 |   | 25,000 |  |   | 25,013 |  |   | 25,000 |  |
| Craft 2013-1, Credit-Linked Note (16)(17)                                                |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 9.98% (3M L+925) |   | 4/17/22 |   | 7,625 |  |   | 7,694 |  |   | 7,625 |  |
| Craft 2014-1A, Credit-Linked Note (11)(17)                                               |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.89% (3M L+965) |   | 5/15/21 |   | 42,500 |  |   | 42,376 |  |   | 41,820 |  |
| Craft 2015-2, Credit-Linked Note (11)(17)                                                |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.31% (3M L+925) |   | 1/16/24 |   | 26,000 |  |   | 25,827 |  |   | 25,389 |  |
| Total Structured Products and Other—8.7% (10)                                      |   |   |   |   |   |   |   | $ | 126,547 |  |   | $ | 129,449 |  |
| Equity                                                                                   |   |   |   |   |   |   |   |   |   |   |
| Preferred Equity                                                                         |   |   |   |   |   | Shares |   |   |   |   |
| Delta Career Education Corporation, Super Senior Preferred Stock A (13)                  |   | Education |   | N/A |   | N/A |   | 7,812 |  |   | $ | 7,049 |  |   | $ | — |  |
| Delta Career Education Corporation, Super Senior Preferred Stock B  (13)                 |   | Education |   | N/A |   | N/A |   | 10,585 |  |   | 8,788 |  |   | — |  |
| Delta Career Education Corporation, Super Senior Preferred Stock C  (13)                 |   | Education |   | N/A |   | N/A |   | 23,769 |  |   | 20,665 |  |   | — |  |
| Gryphon Colleges Corp., Preferred Stock (13)(14)                                         |   | Education |   | 12.50% PIK |   | N/A |   | 332,500 |  |   | 6,863 |  |   | — |  |
| Gryphon Colleges Corp., Preferred Stock (13)(14)                                         |   | Education |   | 13.50% PIK |   | N/A |   | 12,360 |  |   | 27,685 |  |   | — |  |
| Sungevity Inc., Series D Preferred Stock (13)                                            |   | Energy – Electricity |   | N/A |   | N/A |   | 114,678,899 |  |   | 4,409 |  |   | — |  |
| Total Preferred Equity—0.0% (10)                                                   |   |   |   |   |   |   |   | $ | 75,459 |  |   | $ | — |  |
| Common Equity/Interests                                                                  |   |   |   |   |   | Shares |   |   |   |   |
| Accelerate Parent Corp., Common Stock (13)                                               |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | 1,664,046 |  |   | $ | 1,714 |  |   | $ | 1,730 |  |
| Clothesline Holdings, Inc., Common Stock (13)                                            |   | Healthcare & Pharmaceuticals |   | N/A |   | N/A |   | 6,000 |  |   | 6,000 |  |   | — |  |
| GFRC Holdings LLC (f/k/a Garden Fresh Restaurant Group. Inc.), Membership Interests (13) |   | Hotel, Gaming, Leisure, Restaurants |   | N/A |   | N/A |   | 2,500,000 |  |   | — |  |   | — |  |
| Gryphon Colleges Corp., Common Stock (13)                                                |   | Education |   | N/A |   | N/A |   | 17,500 |  |   | 175 |  |   | — |  |
| Skyline Data, News and Analytics LLC, Class A Common Unit (13)                           |   | Business Services |   | N/A |   | N/A |   | 4,500,000 |  |   | 4,500 |  |   | 4,500 |  |
| Sorenson Holdings, LLC, Membership Interests (13)                                        |   | Consumer Goods – Durable |   | N/A |   | N/A |   | 587 |  |   | — |  |   | 231 |  |
| Total Common Equity/Interests—0.4% (10)                                            |   |   |   |   |   |   |   | $ | 12,389 |  |   | $ | 6,461 |  |
| Warrants                                                                                 |   |   |   |   |   | Warrants |   |   |   |   |
| Gryphon Colleges Corp., Class A-1 Preferred Stock Warrants (13)                          |   | Education |   | N/A |   | N/A |   | 45,947 |  |   | $ | 460 |  |   | $ | — |  |
| Gryphon Colleges Corp., Class B-1 Preferred Stock Warrants (13)                          |   | Education |   | N/A |   | N/A |   | 104,314 |  |   | 1,043 |  |   | — |  |
| Gryphon Colleges Corp., Common Stock Warrants (13)                                       |   | Education |   | N/A |   | N/A |   | 9,820 |  |   | 98 |  |   | — |  |

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Table of Contents

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|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                       |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Invuity, Inc., Warrants (9)                                      |   | Healthcare & Pharmaceuticals |   | N/A |   | N/A |   | 16,873 |  |   | 80 |  |   | 94 |  |
| Total Warrants—0.0% (10)                                   |   |   |   |   |   |   |   | $ | 1,681 |  |   | $ | 94 |  |
| Total Equity— 0.4% (10)                                    |   |   |   |   |   |   |   | $ | 89,529 |  |   | $ | 6,555 |  |
| Total Non-Controlled/Non-Affiliated Investments—94.6% (10) |   |   |   |   |   | $ | 1,510,980 |  |   | $ | 1,402,409 |  |

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-Controlled/Affiliated Investments (4)                                         |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt                                                                    |   |   |   |   |   |   |   |   |   |   |
| Secured Debt                                                                      |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt                                                           |   |   |   |   |   |   |   |   |   |   |
| Pelican Energy, LLC (14)(17)                                                      |   | Energy – Oil & Gas |   | 10.00% PIK Toggle (10.00% Cash) |   | 12/31/18 |   | $ | 31,141 |  |   | $ | 26,665 |  |   | $ | 15,417 |  |
| Solarplicity Group Limited (3)(17)                                                |   | Energy – Electricity |   | 8.00% PIK Toggle (8.00% Cash) |   | 11/30/22 |   | £ | 125,468 |  |   | 146,598 |  |   | 119,426 |  |
| Total First Lien Secured Debt—9.1% (10)                                     |   |   |   | $ | 173,263 |  |   | $ | 134,843 |  |
| Total Secured Debt—9.1% (10)                                                |   |   |   |   |   |   |   | $ | 173,263 |  |   | $ | 134,843 |  |
| Unsecured Debt                                                                    |   |   |   |   |   |   |   |   |   |   |
| Solarplicity UK Holdings Limited (17)                                             |   | Energy – Electricity |   | 8.00% PIK Toggle (8.00% Cash) |   | 2/24/22 |   | £ | 2,000 |  |   | $ | 2,499 |  |   | $ | 2,501 |  |
| Venoco, Inc.                                                                      |   | Energy – Oil & Gas |   | 10.00% PIK |   | 7/25/17 |   | 338 |  |   | 337 |  |   | — |  |
| Total Unsecured Debt—0.2% (10)                                              |   |   |   | $ | 2,836 |  |   | $ | 2,501 |  |
| Total Corporate Debt—9.3% (10)                                              |   |   |   |   |   |   |   | $ | 176,099 |  |   | $ | 137,344 |  |
| Structured Products and Other                                                     |   |   |   |   |   |   |   |   |   |   |
| Golden Bear 2016-R, LLC, Membership Interests (3)(17)(22)                         |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | N/A |   | 9/20/42 |   | N/A |  |   | $ | 16,459 |  |   | $ | 17,066 |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd., Subordinated Notes (3)(11)(17)(22)   |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 13.34% |   | 10/18/25 |   | $ | 12,500 |  |   | 9,158 |  |   | 9,537 |  |
| Ivy Hill Middle Market Credit Fund X, Ltd., Subordinated Notes (3)(11)(17)(22)    |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 11.25% |   | 7/18/27 |   | 14,000 |  |   | 11,078 |  |   | 10,841 |  |
| Total Structured Products and Other—2.5% (10)                               |   |   |   |   |   |   |   | $ | 36,695 |  |   | $ | 37,444 |  |
| Equity                                                                            |   |   |   |   |   |   |   |   |   |   |
| Preferred Equity                                                                  |   |   |   |   |   | Shares |   |   |   |   |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series B Preferred Stock (13) |   | Energy – Electricity |   |  N/A |   | N/A |   | 1,506 |  |   | $ | 8,343 |  |   | $ | 19,383 |  |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series D Preferred Stock (13) |   | Energy – Electricity |   |  N/A |   | N/A |   | 437 |  |   | 5,568 |  |   | 6,254 |  |
| Total Preferred Equity—1.7% (10)                                            |   |   |   |   |   |   |   | $ | 13,911 |  |   | $ | 25,637 |  |
| Common Equity/Interests                                                           |   |   |   |   |   | Shares |   |   |   |   |
| AIC SPV Holdings I, LLC, Membership Interests (15)(17)(23)                        |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | N/A |   | N/A |   | N/A |  |   | $ | 69,040 |  |   | $ | 24,285 |  |

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Table of Contents

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|                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                    |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| AMP Solar Group, Inc., Class A Common Unit (13)(17)           |   | Energy – Electricity |   | N/A |   | N/A |   | 243,646 |  |   | 10,000 |  |   | 4,687 |  |
| LVI Group Investments, LLC, Common Units (3)(13)              |   | Environmental Industries |   | N/A |   | N/A |   | 212,460 |  |   | 17,505 |  |   | — |  |
| Pelican Energy, LLC, Membership Interests (13)(17)            |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 1,228 |  |   | 1,099 |  |   | — |  |
| Renew JV LLC, Membership Interests (13)(17)                   |   | Energy – Electricity |   | N/A |   | N/A |   | 1,959,906 |  |   | 1,960 |  |   | 4,701 |  |
| Solarplicity Group Limited, Common Shares (2)(3)(13)(17)(26)  |   | Energy – Electricity |   | N/A |   | N/A |   | 2,825 |  |   | £ | 2,472 |  |   | — |  |
| Solarplicity UK Holdings Limited, Ordinary Shares (2)(13)(17) |   | Energy – Electricity |   | N/A |   | N/A |   | 2,825 |  |   | £ | 3 |  |   | 4,952 |  |
| Venoco, Inc., LLC Units (13)                                  |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 192,177 |  |   | 40,517 |  |   | — |  |
| Total Common Equity/Interests—2.6% (10)                 |   |   |   |   |   |   |   | $ | 142,596 |  |   | $ | 38,625 |  |
| Warrants                                                      |   |   |   |   |   | Warrants |   |   |   |   |
| Venoco, Inc., Series A Warrants (13)                          |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 23,125 |  |   | $ | 48,170 |  |   | $ | — |  |
| Total Warrants—0.0% (10)                                |   |   |   |   |   |   |   | $ | 48,170 |  |   | $ | — |  |
| Total Equity—4.3% (10)                                  |   |   |   |   |   |   |   | $ | 204,677 |  |   | $ | 64,262 |  |
| Total Non-Controlled/Affiliated Investments—16.1% (10)  |   |   |   |   |   |   |   | $ | 417,471 |  |   | $ | 239,050 |  |

|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Controlled Investments (5)                                                                        |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt                                                                                    |   |   |   |   |   |   |   |   |   |   |
| Secured Debt                                                                                      |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt                                                                           |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt (excluding Revolvers and Letters of Credit)                               |   |   |   |   |   |   |   |   |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) (16)(23)                        |   | Energy – Oil & Gas |   | 8.00% Cash (10.00% PIK Toggle) |   | 3/29/19 |   | $ | 10,000 |  |   | $ | 10,000 |  |   | $ | 10,000 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Tranche A Note (16)                  |   | Energy – Oil & Gas |   | 14.00% (8.00% Cash plus 6.00% PIK) |   | 12/31/19 |   | 40,891 |  |   | 40,891 |  |   | 40,891 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Tranche B Note (14)(16)              |   | Energy – Oil & Gas |   | 14.00% PIK |   | 12/31/19 |   | 63,697 |  |   | 44,380 |  |   | 32,793 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Tranche C Note (16)(23)              |   | Energy – Oil & Gas |   | 12.00% |   | 12/31/19 |   | 6,750 |  |   | 6,750 |  |   | 6,750 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Unfunded Tranche C Note (16)(21)(23) |   | Energy – Oil & Gas |   | 0.00% Unfunded |   | 12/31/19 |   | 11,250 |  |   | — |  |   | — |  |
| Total First Lien Secured Debt (excluding Revolvers and Letters of Credit)—6.1% (10)         |   | $ | 102,021 |  |   | $ | 90,434 |  |
| Revolvers and Letters of Credit                                                                   |   |   |   |   |   |   |   |   |   |   |
| Dynamic Product Tankers, LLC, Letter of Credit (17)(23)                                           |   | Transportation – Cargo, Distribution |   | 2.25% |   | 9/20/17 |   | $ | 2,250 |  |   | $ | — |  |   | $ | — |  |
| Merx Aviation Finance, LLC, Revolver (16)(23)                                                     |   | Aviation and Consumer Transport |   | 12.00% |   | 10/31/18 |   | 374,084 |  |   | 374,084 |  |   | 374,084 |  |
| Merx Aviation Finance, LLC, Unfunded Revolver (16)(21)(23)                                        |   | Aviation and Consumer Transport |   | 0.00% Unfunded |   | 10/31/18 |   | 125,916 |  |   | — |  |   | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit (16)(23)                           |   | Aviation and Consumer Transport |   | 2.25% |   | 7/31/17 |   | 177 |  |   | — |  |   | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit (16)(23)                           |   | Aviation and Consumer Transport |   | 2.25% |   | 9/30/17 |   | 3,600 |  |   | — |  |   | — |  |
| Total Revolvers and Letters of Credit—25.2% (10)                                            |   |   |   |   |   |   |   | $ | 374,084 |  |   | $ | 374,084 |  |
| Total First Lien Secured Debt—31.3% (10)                                                    |   |   |   |   |   |   |   | $ | 476,105 |  |   | $ | 464,518 |  |

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|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                           |   | Industry |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Second Lien Secured Debt                                                             |   |   |   |   |   |   |   |   |   |   |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) (16)               |   | Energy – Oil & Gas |   | 10.00% PIK Toggle (8.00% Cash) |   | 3/29/21 |   | $ | 27,617 |  |   | $ | 27,617 |  |   | $ | 27,617 |  |
| Total Second Lien Secured Debt—1.9% (10)                                       |   |   |   |   |   |   |   | $ | 27,617 |  |   | $ | 27,617 |  |
| Total Secured Debt—33.2% (10)                                                  |   |   |   |   |   |   |   | $ | 503,722 |  |   | $ | 492,135 |  |
| Total Corporate Debt—33.2% (10)                                                |   |   |   |   |   |   |   | $ | 503,722 |  |   | $ | 492,135 |  |
| Equity                                                                               |   |   |   |   |   |   |   |   |   |   |
| Common Equity/Interests                                                              |   |   |   |   |   | Shares |   |   |   |   |
| Dynamic Product Tankers, LLC, Class A Units (17)(24)                                 |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | N/A |  |   | $ | 48,106 |  |   | $ | 42,644 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), Common Stock (13) |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 5,000 |  |   | 30,078 |  |   | 18,862 |  |
| Merx Aviation Finance, LLC, Membership Interests                                     |   | Aviation and Consumer Transport |   | N/A |   | N/A |   | N/A |  |   | 19,204 |  |   | 48,811 |  |
| MSEA Tankers LLC, Class A Units (17)(25)                                             |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | N/A |  |   | 74,450 |  |   | 72,797 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Series A Units (13)     |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 7,600 |  |   | 1,412 |  |   | — |  |
| Total Common Equity/Interests—12.4% (10)                                       |   |   |   |   |   |   |   | $ | 173,250 |  |   | $ | 183,114 |  |
| Total Equity—12.4% (10)                                                        |   |   |   |   |   |   |   | $ | 173,250 |  |   | $ | 183,114 |  |
| Total Controlled Investments—45.6% (10)                                        |   |   |   |   |   |   |   | $ | 676,972 |  |   | $ | 675,249 |  |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| Total Investments before Cash Equivalents—156.3% (10)                          |   |   |   |   |   |   |   | $ | 2,605,423 |  |   | $ | 2,316,708 |  |
| J.P. Morgan U.S. Government Money Market Fund (27)                                   |   | N/A |   | N/A |   | N/A |   | 9,783 |  |   | 9,783 |  |   | 9,783 |  |
| Total Investments after Cash Equivalents—157.0% (6)(7)(10)                     |   |   |   |   |   |   |   | $ | 2,615,206 |  |   | $ | 2,326,491 |  |

|     |                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------|
| (1) | Fair value is determined in good faith by or under the direction of the Board of Directors of the Company (Note 2). |

|     |                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------|
| (2) | Solarplicity Group Limited and Solarplicity UK Holdings Limited are GBP denominated equity investments. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Denotes investments in which the Company owns greater than 25% of the equity, where the governing documents of each entity preclude the Company from exercising a controlling influence over the management or policies of such entity. The Company does not have the right to elect or appoint more than 25% of the directors or another party has the right to elect or appoint more directors than the Company and has the right to appoint certain members of senior management. Therefore, the Company has determined that these entities are not controlled affiliates. As of March 31, 2017, we had a 100%, 32%, 32%, 36% and 28% equity ownership interest in Golden Bear 2016-R, LLC; Ivy Hill Middle Market Credit Fund IX, Ltd.; Ivy Hill Middle Market Credit Fund X, Ltd.; LVI Group Investments, LLC and Solarplicity Group Limited, respectively. |

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|     |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Denotes investments in which we are an “Affiliated Person,” as defined in the 1940 Act, due to holding the power to vote or owning 5% or more of the outstanding voting securities of the investment but not controlling the company. Fair value as of March 31, 2016 and March 31, 2017 along with transactions during the year ended March 31, 2017 in these affiliated investments are as follows: |

|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                                | Fair Value at March 31, 2016 | Gross Additions ● | Gross Reductions ■ | Net Change in Unrealized Gains (Losses) | Fair Value at March 31, 2017 | Net Realized Gains (Losses) | Interest/Dividend/Other Income |
| AIC SPV Holdings I, LLC, Membership Interests                                | $ | — |  | $ | 69,039 |  | $ | — |  | $ | (44,754 | ) | $ | 24,285 |  | $ | — |  | $ | 599 |  |
| AMP Solar Group, Inc., Class A Common Unit                                   | — |  | 7,022 |  | — |  | (2,335 | ) | 4,687 |  | — |  | — |  |
| Generation Brands Holdings, Inc., Basic Common Stock                         | 9,712 |  | 1 |  | — |  | (9,713 | ) | — |  | 10,155 |  | — |  |
| Generation Brands Holdings, Inc., Series 2L Common Stock                     | 39,572 |  | — |  | (11,242 | ) | (28,330 | ) | — |  | 29,963 |  | — |  |
| Generation Brands Holdings, Inc., Series H Common Stock                      | 8,087 |  | — |  | (2,298 | ) | (5,789 | ) | — |  | 6,123 |  | — |  |
| Golden Bear 2016-R, LLC, Membership Interests                                | — |  | 16,460 |  | — |  | 606 |  | 17,066 |  | — |  | — |  |
| Golden Bear Warehouse LLC, Membership Interests                              | 49,617 |  | 27,777 |  | (60,685 | ) | (16,709 | ) | — |  | 34,216 |  | 3,020 |  |
| Highbridge Loan Management 3-2014, Ltd., Subordinated Notes                  | 4,975 |  | — |  | (5,547 | ) | 572 |  | — |  | (75 | ) | 113 |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd., Subordinated Notes              | 9,717 |  | — |  | (1,022 | ) | 842 |  | 9,537 |  | — |  | 1,465 |  |
| Ivy Hill Middle Market Credit Fund X, Ltd., Subordinated Notes               | 10,722 |  | — |  | (1,212 | ) | 1,331 |  | 10,841 |  | — |  | 1,509 |  |
| Jamestown CLO I Ltd., Subordinated Notes                                     | 380 |  | — |  | (2,875 | ) | 2,495 |  | — |  | (1,448 | ) | — |  |
| LVI Group Investments, LLC, Common Units                                     | 21,486 |  | — |  | — |  | (21,486 | ) | — |  | — |  | 44 |  |
| MCF CLO I, LLC, Membership Interests                                         | 33,145 |  | — |  | (33,268 | ) | 123 |  | — |  | 2,113 |  | 3,904 |  |
| MCF CLO III, LLC, Class E Notes                                              | 10,073 |  | 1,180 |  | (12,753 | ) | 1,500 |  | — |  | — |  | 1,719 |  |
| MCF CLO III, LLC, Membership Interests                                       | 31,180 |  | — |  | (34,700 | ) | 3,520 |  | — |  | 5,184 |  | 4,500 |  |
| Pelican Energy, LLC, First Lien Term Loan                                    | 17,500 |  | — |  | (143 | ) | (1,940 | ) | 15,417 |  | — |  | — |  |
| Pelican Energy, LLC, Membership Interests                                    | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series B Preferred Stock | 20,459 |  | — |  | — |  | (1,076 | ) | 19,383 |  | — |  | — |  |
| Renew Financial LLC (f/k/a Renewable Funding, LLC), Series D Preferred Stock | 5,933 |  | — |  | — |  | 321 |  | 6,254 |  | — |  | — |  |
| Renew JV LLC, Membership Interests                                           | — |  | 1,960 |  | — |  | 2,741 |  | 4,701 |  | — |  | — |  |
| Solarplicity Group Limited, First Lien Term Loan                             | — |  | 160,281 |  | (57,085 | ) | 16,230 |  | 119,426 |  | (36,217 | ) | 2,385 |  |
| Solarplicity Group Limited, Common Shares                                    | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Solarplicity UK Holdings Limited, Unsecured Debt                             | — |  | 2,499 |  | — |  | 2 |  | 2,501 |  | — |  | 20 |  |
| Solarplicity UK Holdings Limited, Ordinary Shares                            | — |  | 4 |  | — |  | 4,948 |  | 4,952 |  | — |  | — |  |
| Venoco, Inc., Unsecured Debt                                                 | — |  | 338 |  | — |  | (338 | ) | — |  | — |  | — |  |
| Venoco, Inc., LLC Units                                                      | — |  | 40,517 |  | — |  | (40,517 | ) | — |  | — |  | — |  |
| Venoco, Inc., Series A Warrants                                              | — |  | 48,170 |  | — |  | (48,170 | ) | — |  | — |  | — |  |
|                                                                         | $ | 272,558 |  | $ | 375,248 |  | $ | (222,830 | ) | $ | (185,926 | ) | $ | 239,050 |  | $ | 50,014 |  | $ | 19,278 |  |

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|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 25% of the outstanding voting securities of the investment. Fair value as of March 31, 2016 and March 31, 2017 along with transactions during the year ended March 31, 2017 in these Controlled investments are as follows: |

|                                                                                          |
|------------------------------------------------------------------------------------------|
|                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                                            | Fair Value at March 31, 2016 | Gross Additions ● | Gross Reductions ■ | Net Change in Unrealized Losses | Fair Value at March 31, 2017 | Net Realized Losses | Interest/Dividend/Other Income |
| Dynamic Product Tankers, LLC, Letter of Credit                                           | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 25 |  |
| Dynamic Product Tankers, LLC, Class A Units                                              | 48,264 |  | — |  | — |  | (5,620 | ) | 42,644 |  | — |  | 1,200 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), First Lien Term Loan  | — |  | 10,000 |  | — |  | — |  | 10,000 |  | — |  | 470 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), Second Lien Term Loan | 25,000 |  | 2,617 |  | — |  | — |  | 27,617 |  | — |  | 2,619 |  |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.), Common Stock          | 30,078 |  | — |  | — |  | (11,216 | ) | 18,862 |  | — |  | — |  |
| Merx Aviation Finance, LLC, Revolver                                                     | 403,084 |  | 11,000 |  | (40,000 | ) | — |  | 374,084 |  | — |  | 48,256 |  |
| Merx Aviation Finance, LLC, Letter of Credit                                             | — |  | — |  | — |  | — |  | — |  | — |  | (1 | ) |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit                           | — |  | — |  | — |  | — |  | — |  | — |  | (18 | ) |
| Merx Aviation Finance, LLC, Membership Interests                                         | 93,714 |  | — |  | (45,049 | ) | 146 |  | 48,811 |  | — |  | 9,700 |  |
| MSEA Tankers LLC, Class A Units                                                          | 84,138 |  | — |  | (10,550 | ) | (791 | ) | 72,797 |  | — |  | 6,850 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Tranche A Note              | — |  | 40,890 |  | — |  | 1 |  | 40,891 |  | — |  | 2,095 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Tranche B Note              | — |  | 28,936 |  | — |  | 3,857 |  | 32,793 |  | — |  | — |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Tranche C Note              | — |  | 6,750 |  | — |  | — |  | 6,750 |  | — |  | 262 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Unfunded Tranche C Note     | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC), Series A Units              | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Solarplicity Group Limited, First lien Term Loan                                         | 163,034 |  | 41,732 |  | (169,365 | ) | (35,401 | ) | — |  | (2,173 | ) | 14,228 |  |
| Solarplicity Group Limited, Class B Common Shares                                        | 6,665 |  | — |  | — |  | (6,665 | ) | — |  | — |  | — |  |
|                                                                                     | $ | 853,977 |  | $ | 141,925 |  | $ | (264,964 | ) | $ | (55,689 | ) | $ | 675,249 |  | $ | (2,173 | ) | $ | 85,686 |  |

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|     |                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Aggregate gross unrealized gain and loss for federal income tax purposes is $70,774 and $314,345, respectively. Net unrealized loss is $243,571 based on a tax cost of $2,560,279. |

|     |                                                                                                                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6). As such, these securities are not available as collateral to our general creditors. |

|     |                                                                                 |
|-----|---------------------------------------------------------------------------------|
| (8) | The negative fair value is the result of the commitment being valued below par. |

|     |                                                                                                                                                                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | These are co-investments made with the Company’s affiliates in accordance with the terms of the exemptive order the Company received from the Securities and Exchange Commission (the “SEC”) permitting us to do so. (See Note 3 for discussion of the exemptive order from the SEC.) |

|      |                                               |
|------|-----------------------------------------------|
| (10) | The percentage is calculated over net assets. |

|      |                                                                                                                                                                                                                            |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (11) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. |

|      |                                                                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| (12) | Denominated in USD unless otherwise noted, Euro (“€”), British Pound (“£”), and Canadian Dollar (“C$”). |

|      |                                |
|------|--------------------------------|
| (13) | Non-income producing security. |

|      |                              |
|------|------------------------------|
| (14) | Non-accrual status (Note 2). |

|      |                                                                                                                                                                                                                                                           |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (15) | The underlying investments of AIC SPV Holdings I, LLC are two secured debt positions and one preferred equity position in SquareTwo Financial Corporation. One of the secured debt positions and the preferred equity position are on non-accrual status. |

|      |                                                                                                                                                                                                                                                                                                                                                                       |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (16) | Denotes debt securities where the Company owns multiple tranches of the same broad asset type but whose security characteristics differ. Such differences may include level of subordination, call protection and pricing, and differing interest rate characteristics, among other factors. Such factors are usually considered in the determination of fair values. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (17) | Investments that the Company has determined are not “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. As of March 31, 2017, non-qualifying assets represented approximately 23.0% of the total assets of the Company. |

|      |                                                                                                                                                                                                          |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (18) | In addition to the interest earned based on the stated rate of this loan, the Company may be entitled to receive additional interest as a result of its arrangement with other lenders in a syndication. |

|      |                                                                                                                                                       |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| (19) | This investment represents a leveraged subordinated interest in a trust that holds one foreign currency denominated bond and a derivative instrument. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (20) | Generally, the interest rate on floating interest rate investments is at benchmark rate plus spread. The borrower has an option to choose the benchmark rate, such as the London Interbank Offered Rate (“LIBOR”), the Euro Interbank Offered Rate (“EURIBOR”), the federal funds rate or the prime rate. The spread may change based on the type of rate used. The terms in the Schedule of Investments disclose the actual interest rate in effect as of the reporting period. LIBOR loans are typically indexed to 30-day, 60-day, 90-day or 180-day LIBOR rates (1M L, 3M L, or 6M L, respectively), and EURIBOR loans are typically indexed to 90-day EURIBOR rates (3M E), at the borrower’s option. LIBOR and EURIBOR loans may be subject to interest floors. As of March 31, 2017, rates for 1M L, 2M L, 3M L, 6M L, 3M E, and prime are 0.98%, 1.03%, 1.15%, 1.42%, (0.33%), and 4.00%, respectively. |

|      |                                                                                                                                         |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|
| (21) | The rates associated with these undrawn committed revolvers and delayed draw term loans represent rates for commitment and unused fees. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (22) | The collateralized loan obligation (“CLO”) equity investments are entitled to recurring distributions which are generally equal to the excess cash flow generated from the underlying investments after payment of the contractual payments to debt holders and fund expenses. The current estimated yield is based on the current projections of this excess cash flow taking into account assumptions such as expected prepayments, losses and future reinvestment rates. These assumptions are periodically reviewed and adjusted. Ultimately, the actual yield may be higher or lower than the estimated yield if actual results differ from those used for the assumptions. |

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|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (23) | As of March 31, 2017, the Company had the following commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and letters of credit and there can be no assurance that such conditions will be satisfied. See Note 8 to the financial statements for further information on revolving and delayed draw loan commitments, including commitments to issue letters of credit, related to certain portfolio companies. |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
| Portfolio Company                                           | Total Commitment | Drawn Commitment | Letters of Credit | Undrawn Commitment |
| AIC SPV Holdings I, LLC                                     | $ | 8,888 |  | $ | 4,629 |  | $ | — |  | $ | 4,259 |  |
| Alliant Holdings Intermediate, LLC                          | 15,000 |  | — |  | 188 |  | 14,812 |  |
| American Media, Inc.                                        | 1,778 |  | 770 |  | 154 |  | 854 |  |
| Aptevo Therapeutics Inc.                                    | 15,000 |  | 8,571 |  | — |  | 6,429 |  |
| Avantor Performance Materials Holdings, LLC                 | 6,629 |  | 737 |  | 72 |  | 5,820 |  |
| Dynamic Product Tankers, LLC                                | 2,250 |  | — |  | 2,250 |  | — |  |
| Endologix, Inc.                                             | 5,000 |  | — |  | — |  | 5,000 |  |
| Invuity, Inc.                                               | 12,000 |  | 6,667 |  | — |  | 5,333 |  |
| LabVantage Solutions Limited                                | 3,674 |  | — |  | — |  | 3,674 |  |
| Merx Aviation Finance, LLC                                  | 3,600 |  | — |  | 3,600 |  | — |  |
| Merx Aviation Finance Assets Ireland Limited                | 177 |  | — |  | 177 |  | — |  |
| My Alarm Center, LLC                                        | 19,122 |  | 16,958 |  | — |  | 2,164 |  |
| Novadaq Technologies Inc.                                   | 13,000 |  | 3,333 |  | — |  | 9,667 |  |
| Oxford Immunotec, Inc.                                      | 1,000 |  | — |  | — |  | 1,000 |  |
| PSI Services, LLC                                           | 455 |  | 198 |  | — |  | 257 |  |
| SESAC Holdco II LLC                                         | 587 |  | — |  | — |  | 587 |  |
| SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC) | 18,000 |  | 6,750 |  | — |  | 11,250 |  |
| Tibco Software Inc.                                         | 6,000 |  | — |  | — |  | 6,000 |  |
| TricorBraun Holdings, Inc.                                  | 5,625 |  | 960 |  | — |  | 4,665 |  |
| UniTek Global Services Inc.                                 | 12,762 |  | — |  | 7,762 |  | 5,000 |  |
| Westinghouse Electric Co LLC                                | 40,000 |  | 17,500 |  | — |  | 22,500 |  |
| Wright Medical Group, Inc.                                  | 50,000 |  | 10,000 |  | — |  | 40,000 |  |
| Total Commitments                                           | $ | 240,547 |  | $ | 77,073 |  | $ | 14,203 |  | $ | 149,271 |  |

|      |                                                                                                                                                                                                                                                                                                                                                                          |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (24) | As of March 31, 2017, Dynamic Product Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-3 units which are identical except that Class A-1 unit is voting and Class A-3 unit is non-voting. The units entitle the Company to appoint three out of five managers to the board of managers. |

|      |                                                                                                                                                                                                                                                                                                                                                              |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (25) | As of March 31, 2017, MSEA Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-2 units which are identical except that Class A-1 unit is voting and Class A-2 unit is non-voting. The units entitle the Company to appoint two out of three managers to the board of managers. |

|      |                                                                                                                                                                                                     |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (26) | As of March 31, 2017, the Company holds two classes of shares in Solarplicity Group Limited. The Company holds 434 shares of Class A shares (non-voting) and 2,391 shares of Class B (voting). |

|      |                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------|
| (27) | This security is included in the Cash and Cash Equivalents on the Statement of Assets and Liabilities. |

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|                                                                |
|----------------------------------------------------------------|
|                                                                |  |
| Industry Classification                                        | Percentage of Total Investments (at Fair Value) as of March 31, 2017 |
| Business Services                                              | 22.3% |
| Aviation and Consumer Transport                                | 18.3% |
| Energy – Electricity                                     | 7.7% |
| Diversified Investment Vehicles, Banking, Finance, Real Estate | 7.3% |
| Transportation – Cargo, Distribution                     | 7.2% |
| High Tech Industries                                           | 7.2% |
| Energy – Oil & Gas                                   | 6.6% |
| Healthcare & Pharmaceuticals                               | 4.4% |
| Chemicals, Plastics & Rubber                               | 2.8% |
| Manufacturing, Capital Equipment                               | 2.8% |
| Telecommunications                                             | 2.7% |
| Insurance                                                      | 2.7% |
| Automotive                                                     | 1.3% |
| Utilities – Electric                                     | 1.3% |
| Advertising, Printing & Publishing                         | 1.1% |
| Food & Grocery                                             | 1.1% |
| Aerospace & Defense                                        | 1.0% |
| Hotel, Gaming, Leisure, Restaurants                            | 0.9% |
| Consumer Goods – Durable                                 | 0.7% |
| Containers, Packaging & Glass                              | 0.4% |
| Media – Diversified & Production                     | 0.1% |
| Broadcasting & Subscription                                | 0.1% |
| Metals & Mining                                            | 0.0% |
| Education                                                      | 0.0% |
| Environmental Industries                                       | 0.0% |
| Total Investments                                              | 100.0% |

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|    |                                                                                                                                                                                      |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1. | Our quarterly valuation process begins with each investment being initially valued by the investment professionals of our Investment Adviser who are responsible for the investment. |

|    |                                                                                                                       |
|----|-----------------------------------------------------------------------------------------------------------------------|
| 2. | Preliminary valuation conclusions are then documented and discussed with senior management of our Investment Adviser. |

|    |                                                                                                                                                                                                                          |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3. | Independent valuation firms are engaged by our Board of Directors to conduct independent appraisals by reviewing our Investment Adviser’s preliminary valuations and then making their own independent assessment. |

|    |                                                                                                                                                                                                                                                                         |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4. | The Audit Committee of the Board of Directors reviews the preliminary valuation of our Investment Adviser and the valuation prepared by the independent valuation firms and responds, if warranted, to the valuation recommendation of the independent valuation firms. |

|    |                                                                                                                                                                                                                                                                         |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5. | The Board of Directors discusses valuations and determines in good faith the fair value of each investment in our portfolio based on the input of our Investment Adviser, the applicable independent valuation firm, and the Audit Committee of the Board of Directors. |

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|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |
|                                                            | Three Months Ended June 30, |
|                                                            | 2017 |   | 2016 |
| Basic Earnings (Loss) Per Share                                 |   |   |   |
| Net increase (decrease) in net assets resulting from operations | $ | 28,781 |  |   | $ | (42,086 | ) |
| Weighted average shares outstanding                             | 219,694,654 |  |   | 225,940,769 |  |
| Basic earnings (loss) per share                                 | $ | 0.13 |  |   | $ | (0.19 | ) |

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|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                   |   |   |   |   | Fair Value Hierarchy |
|                                        | Cost |  | Fair Value |   | Level 1 |   | Level 2 |   | Level 3 |
| First Lien Secured Debt                | $ | 1,193,207 |  |   | $ | 1,140,215 |  |   | $ | — |  |   | $ | 14,375 |  |   | $ | 1,125,840 |  |
| Second Lien Secured Debt               | 739,383 |  |   | 734,946 |  |   | — |  |   | 274,066 |  |   | 460,880 |  |
| Unsecured Debt                         | 161,207 |  |   | 162,028 |  |   | — |  |   | 15,386 |  |   | 146,642 |  |
| Structured Products and Other          | 130,168 |  |   | 135,864 |  |   | — |  |   | — |  |   | 135,864 |  |
| Preferred Equity                       | 18,319 |  |   | 25,755 |  |   | — |  |   | — |  |   | 25,755 |  |
| Common Equity/Interests                | 223,030 |  |   | 217,689 |  |   | — |  |   | — |  |   | 217,689 |  |
| Warrants                               | 80 |  |   | 82 |  |   | — |  |   | — |  |   | 82 |  |
| Total Investments                      | $ | 2,465,394 |  |   | $ | 2,416,579 |  |   | $ | — |  |   | $ | 303,827 |  |   | $ | 2,112,752 |  |
| Money Market Fund                      | $ | 29,853 |  |   | $ | 29,853 |  |   | $ | 29,853 |  |   | $ | — |  |   | $ | — |  |
| Total Cash Equivalents                 | $ | 29,853 |  |   | $ | 29,853 |  |   | $ | 29,853 |  |   | $ | — |  |   | $ | — |  |
| Total Investments and Cash Equivalents | $ | 2,495,247 |  |   | $ | 2,446,432 |  |   | $ | 29,853 |  |   | $ | 303,827 |  |   | $ | 2,112,752 |  |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                   |   |   |   |   | Fair Value Hierarchy |
|                                   | Cost |   | Fair Value |   | Level 1 |   | Level 2 |   | Level 3 |
| First Lien Secured Debt                | $ | 1,127,001 |  |   | $ | 1,049,232 |  |   | $ | — |  |   | $ | — |  |   | $ | 1,049,232 |  |
| Second Lien Secured Debt               | 686,498 |  |   | 685,268 |  |   | — |  |   | 238,496 |  |   | 446,772 |  |
| Unsecured Debt                         | 161,226 |  |   | 161,384 |  |   | — |  |   | 15,166 |  |   | 146,218 |  |
| Structured Products and Other          | 163,242 |  |   | 166,893 |  |   | — |  |   | — |  |   | 166,893 |  |
| Preferred Equity                       | 89,370 |  |   | 25,637 |  |   | — |  |   | — |  |   | 25,637 |  |
| Common Equity/Interests                | 328,235 |  |   | 228,200 |  |   | — |  |   | — |  |   | 228,200 |  |
| Warrants                               | 49,851 |  |   | 94 |  |   | — |  |   | — |  |   | 94 |  |
| Total Investments                      | $ | 2,605,423 |  |   | $ | 2,316,708 |  |   | $ | — |  |   | $ | 253,662 |  |   | $ | 2,063,046 |  |
| Money Market Fund                      | $ | 9,783 |  |   | $ | 9,783 |  |   | $ | 9,783 |  |   | $ | — |  |   | $ | — |  |
| Total Cash Equivalents                 | $ | 9,783 |  |   | $ | 9,783 |  |   | $ | 9,783 |  |   | $ | — |  |   | $ | — |  |
| Total Investments and Cash Equivalents | $ | 2,615,206 |  |   | $ | 2,326,491 |  |   | $ | 9,783 |  |   | $ | 253,662 |  |   | $ | 2,063,046 |  |

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|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                          | First Lien Secured Debt (2) | Second Lien Secured Debt (2) | Unsecured Debt | Structured Products and Other | Preferred Equity | Common Equity/Interests | Warrants | Total |
| Fair value as of March 31, 2017                                                          | $ | 1,049,232 |  | $ | 446,772 |  | $ | 146,218 |  | $ | 166,893 |  | $ | 25,637 |  | $ | 228,200 |  | $ | 94 |  | $ | 2,063,046 |  |
| Net realized gains (losses)                                                                   | (10,335 | ) | — |  | (338 | ) | — |  | (93,725 | ) | (81,833 | ) | (49,771 | ) | (236,002 | ) |
| Net change in unrealized gains (losses)                                                       | 24,665 |  | (3,884 | ) | 441 |  | 2,044 |  | 93,843 |  | 72,020 |  | 49,759 |  | 238,888 |  |
| Net amortization on investments                                                               | 805 |  | 688 |  | — |  | 93 |  | — |  | 35 |  | — |  | 1,621 |  |
| Purchases, including capitalized PIK (3)                                                      | 233,538 |  | 61,047 |  | 321 |  | — |  | — |  | 28,146 |  | — |  | 323,052 |  |
| Sales (3)                                                                                     | (172,065 | ) | (51,260 | ) | — |  | (33,166 | ) | — |  | (28,879 | ) | — |  | (285,370 | ) |
| Transfers out of Level 3 (1)                                                                  | — |  | (19,625 | ) | — |  | — |  | — |  | — |  | — |  | (19,625 | ) |
| Transfers into Level 3 (1)                                                                    | — |  | 27,142 |  | — |  | — |  | — |  | — |  | — |  | 27,142 |  |
| Fair value as of June 30, 2017                                                           | $ | 1,125,840 |  | $ | 460,880 |  | $ | 146,642 |  | $ | 135,864 |  | $ | 25,755 |  | $ | 217,689 |  | $ | 82 |  | $ | 2,112,752 |  |
|                                                                                          |   |   |   |   |   |   |   |   |
| Net change in unrealized gains (losses) on Level 3 investments still held as of June 30, 2017 | $ | 3,503 |  | $ | (3,666 | ) | $ | 103 |  | $ | 1,961 |  | $ | 118 |  | $ | (13,727 | ) | $ | (11 | ) | $ | (11,719 | ) |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Transfers out of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. |

|     |                                                                   |
|-----|-------------------------------------------------------------------|
| (2) | Includes unfunded commitments measured at fair value of $(2,507). |

|     |                                                            |
|-----|------------------------------------------------------------|
| (3) | Includes reorganizations and restructuring of investments. |

|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                          | First Lien Secured Debt (2) | Second Lien Secured Debt (2) | Unsecured Debt | Structured Products and Other | Preferred Equity | Common Equity/Interests | Warrants | Total |
| Fair value as of March 31, 2016                                                          | $ | 1,089,156 |  | $ | 491,488 |  | $ | 227,222 |  | $ | 319,530 |  | $ | 68,562 |  | $ | 356,940 |  | $ | — |  | $ | 2,552,898 |  |
| Net realized gains (losses)                                                                   | (33,164 | ) | (21,156 | ) | — |  | (1,524 | ) | — |  | 47,387 |  | (2,374 | ) | (10,831 | ) |
| Net change in unrealized gains (losses)                                                       | 12,273 |  | (14,032 | ) | (3,988 | ) | 7,320 |  | (211 | ) | (92,571 | ) | 2,374 |  | (88,835 | ) |
| Net amortization on investments                                                               | 801 |  | 336 |  | 88 |  | 87 |  | — |  | 17 |  | — |  | 1,329 |  |
| Purchases, including capitalized PIK (3)                                                      | 65,913 |  | 45,961 |  | 279 |  | 11,270 |  | 204 |  | 50,375 |  | — |  | 174,002 |  |
| Sales (3)                                                                                     | (96,724 | ) | (43,878 | ) | (7,460 | ) | (31,283 | ) | (1,017 | ) | (62,874 | ) | — |  | (243,236 | ) |
| Transfers out of Level 3 (1)                                                                  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Transfers into Level 3 (1)                                                                    | — |  | — |  | 49 |  | — |  | — |  | — |  | — |  | 49 |  |
| Fair value as of June 30, 2016                                                           | $ | 1,038,255 |  | $ | 458,719 |  | $ | 216,190 |  | $ | 305,400 |  | $ | 67,538 |  | $ | 299,274 |  | $ | — |  | $ | 2,385,376 |  |
|                                                                                          |   |   |   |   |   |   |   |   |
| Net change in unrealized gains (losses) on Level 3 investments still held as of June 30, 2016 | $ | 10,096 |  | $ | (46,741 | ) | $ | (3,989 | ) | $ | 12,871 |  | $ | (22,076 | ) | $ | (25,677 | ) | $ | — |  | $ | (75,516 | ) |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Transfers out of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. |

|     |                                                                   |
|-----|-------------------------------------------------------------------|
| (2) | Includes unfunded commitments measured at fair value of $(2,506). |

|     |                                                            |
|-----|------------------------------------------------------------|
| (3) | Includes reorganizations and restructuring of investments. |

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|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |
|                          |   | Quantitative Information about Level 3 Fair Value Measurements |
| Asset Category                | Fair Value | Valuation Techniques/Methodologies | Unobservable Input | Range | Weighted Average (1) |
| First Lien Secured Debt       | $ | (911 | ) | Broker Quoted | Broker Quote | N/A | N/A | N/A |
|                          | 538,131 |  | Discounted Cash Flow | Discount Rate | 2.3% | 14.3% | 10.8% |
|                          | 44,993 |  | Market Comparable Technique | Comparable Multiple | 37.5x | 37.5x | 37.5x |
|                          | 98,220 |  | Recovery Analysis | Commodity Price | $53.00 | $65.00 | $63.31 |
|                          | 50,053 |  | Recovery Analysis | Recoverable Amount | N/A | N/A | N/A |
|                          |   | Market Comparable Technique | Comparable Multiple | 4.5x | 4.5x | 4.5x |
|                          | 717 |  | Recovery Analysis | Recoverable Amount | N/A | N/A | N/A |
|                          |  | Yield Analysis | Discount Rate | 22.5% | 22.5% | 22.5% |
|                          | 394,637 |  | Yield Analysis | Discount Rate | 4.9% | 16.0% | 10.7% |
| Second Lien Secured Debt      | 112,540 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
|                          | 7,806 |  | Market Comparable Technique | Comparable Multiple | 7.8x | 7.8x | 7.8x |
|                          | 28,314 |  | Recovery Analysis | Commodity Price | $55.00 | $65.00 | $61.84 |
|                          | 312,220 |  | Yield Analysis | Discount Rate | 10.7% | 22.1% | 12.1% |
| Unsecured Debt                | 2,598 |  | Discounted Cash Flow | Discount Rate | 24.7% | 24.7% | 24.7% |
|                          | 144,044 |  | Yield Analysis | Discount Rate | 10.8% | 16.7% | 11.2% |
| Structured Products and Other | 135,864 |  | Discounted Cash Flow | Discount Rate | 9.1% | 15.0% | 11.0% |
| Preferred Equity              | 25,755 |  | Option Pricing Model | Expected Volatility | 60.5% | 60.5% | 60.5% |
| Common Equity/Interests       | 433 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
|                          | 178,069 |  | Discounted Cash Flow | Discount Rate | 6.9% | 24.7% | 12.9% |
|                          | 6,430 |  | Market Comparable Technique | Comparable Multiple | 4.2x | 12.2x | 9.2x |
|                          | 32,757 |  | Recovery Analysis | Commodity Price | $53.00 | $65.00 | $63.57 |
| Warrants                      | 82 |  | Option Pricing Model | Expected Volatility | 60.0% | 60.0% | 60.0% |
| Total Level 3 Investments     | $ | 2,112,752 |  |   |   |   |   |   |

|     |                                                                                                                                                                                                                                                                                                                                                        |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The weighted average information is generally derived by assigning each disclosed unobservable input a proportionate weight based on the fair value of the related investment. For the commodity price unobservable input, the weighted average price is an undiscounted price based upon the estimated production level from the underlying reserves. |

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|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |
|                          |   | Quantitative Information about Level 3 Fair Value Measurements |
| Asset Category                | Fair Value | Valuation Techniques/Methodologies | Unobservable Input | Range | Weighted Average (1) |
| First Lien Secured Debt       | $ | (896 | ) | Broker Quoted | Broker Quote | N/A | N/A | N/A |
|                          | 493,509 |  | Discounted Cash Flow | Discount Rate | 2.3% | 14.3% | 10.6% |
|                          | 17,063 |  | Recent Transaction | Recent Transaction | N/A | N/A | N/A |
|                          | 105,851 |  | Recovery Analysis | Commodity Price | $54.00 | $66.00 | $64.88 |
|                          | 50,585 |  | Recovery Analysis | Recoverable Amount | N/A | N/A | N/A |
|                          |   | Market Comparable Approach | Comparable Multiple | 4.5x | 4.5x | 4.5x |
|                          | 705 |  | Yield Analysis | Discount Rate | 22.5% | 22.5% | 22.5% |
|                          |   | Recovery Analysis | Recoverable Amount | N/A | N/A | N/A |
|                          | 382,415 |  | Yield Analysis | Discount Rate | 4.9% | 17.5% | 11.5% |
| Second Lien Secured Debt      | 139,546 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
|                          | 9,296 |  | Market Comparable Approach | Comparable Multiple | 7.8x | 7.8x | 7.8x |
|                          | 7,800 |  | Recent Transaction | Recent Transaction | N/A | N/A | N/A |
|                          | 27,618 |  | Recovery Analysis | Commodity Price | $54.00 | $66.00 | $61.64 |
|                          | 262,512 |  | Yield Analysis | Discount Rate | 10.2% | 21.1% | 12.1% |
| Unsecured Debt                | 2,501 |  | Discounted Cash Flow | Discount Rate | 21.1% | 21.1% | 21.1% |
|                          | 143,717 |  | Yield Analysis | Discount Rate | 10.5% | 16.1% | 10.8% |
| Structured Products and Other | 134,268 |  | Discounted Cash Flow | Discount Rate | 10.0% | 15.0% | 11.3% |
|                          | 32,625 |  | Recent Transaction | Recent Transaction | N/A | N/A | N/A |
| Preferred Equity              | 25,637 |  | Option Pricing Model | Expected Volatility | 52.0% | 52.0% | 52.0% |
| Common Equity/Interests       | 231 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
|                          | 178,591 |  | Discounted Cash Flow | Discount Rate | 6.0% | 21.1% | 12.7% |
|                          | 6,230 |  | Market Comparable Approach | Comparable Multiple | 3.9x | 12.1x | 9.3x |
|                          | 24,285 |  | Proposed Transaction | Proposed Transaction | N/A | N/A | N/A |
|                          | 18,863 |  | Recovery Analysis | Commodity Price | $54.00 | $66.00 | 61.6x |
| Warrants                      | 94 |  | Option Pricing Model | Expected Volatility | 60.0% | 60.0% | 60.0% |
| Total Level 3 Investments     | $ | 2,063,046 |  |   |   |   |   |   |

|     |                                                                                                                                                                                                                                                                                                                                                        |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The weighted average information is generally derived by assigning each disclosed unobservable input a proportionate weight based on the fair value of the related investment. For the commodity price unobservable input, the weighted average price is an undiscounted price based upon the estimated production level from the underlying reserves. |

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|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |
|                                                 | Three Months Ended June 30, |
|                                                 | 2017 |   | 2016 |
| PIK balance at beginning of period                   | $ | 53,262 |  |   | $ | 73,409 |  |
| PIK income capitalized                               | 2,775 |  |   | 3,553 |  |
| Adjustments due to investments exited or written off | (35,697 | ) |   | — |  |
| PIK income received in cash                          | (370 | ) |   | (1,254 | ) |
| PIK balance at end of period                         | $ | 19,970 |  |   | $ | 75,708 |  |

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|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |
|                  | Three Months Ended June 30, |
|                  | 2017 |   | 2016 |
| Net revenue           | $ | 28,858 |  |   | $ | 32,719 |  |
| Net operating income  | 17,490 |  |   | 19,639 |  |
| Earnings before taxes | 9,057 |  |   | 3,246 |  |
| Net profit            | 9,057 |  |   | 3,239 |  |

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                     | Date Issued/Amended |   | Total Aggregate Principal Amount Committed |   | Principal Amount Outstanding |   | Fair Value |   | Final Maturity Date |
| Senior Secured Facility                                                  | 12/22/2016 |   | $ | 1,140,000 |  |   | $ | 272,797 | * |   | 277,589 |  | (1) | 12/22/2021 |
| Senior Secured Notes (Series B)                                          | 9/29/2011 |   | 16,000 |  |   | 16,000 |  |   | 16,462 |  | (1) | 9/29/2018 |
| 2042 Notes                                                               | 10/9/2012 |   | 150,000 |  |   | 150,000 |  |   | 151,116 |  | (2) | 10/15/2042 |
| 2043 Notes                                                               | 6/17/2013 |   | 150,000 |  |   | 150,000 |  |   | 155,280 |  | (2) | 7/15/2043 |
| 2025 Notes                                                               | 3/3/2015 |   | 350,000 |  |   | 350,000 |  |   | 350,697 |  | (3) | 3/3/2025 |
| Total Debt Obligations                                                   |   |   | $ | 1,806,000 |  |   | $ | 938,797 |  |   | $ | 951,144 |  |   |   |
| Deferred Financing Cost and Debt Discount                                |   |   |   | $ | (18,123 | ) |   |   |   |   |
| Total Debt Obligations, net of Deferred Financing Cost and Debt Discount |   |   |   | $ | 920,674 |  |   |   |   |   |

|   |                                                                                                                            |
|---|----------------------------------------------------------------------------------------------------------------------------|
| * | Includes foreign currency debt obligations as outlined in Foreign Currency Transactions and Translations within this note. |

|     |                                                                                                                                                                                                                                              |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2017. The valuation is based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. |

|     |                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The fair value of these debt obligations would be categorized as Level 1 under ASC 820 as of June 30, 2017. The valuation is based on quoted prices of identical liabilities in active markets. |

|     |                                                                                                                                                                  |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The fair value of these debt obligations would be categorized as Level 2 under ASC 820 as of June 30, 2017. The valuation is based on broker quoted prices. |

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|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                     | Date Issued/Amended |   | Total Aggregate Principal Amount Committed |   | Principal Amount Outstanding |   | Fair Value |   | Final Maturity Date |
| Senior Secured Facility                                                  | 12/22/2016 |   | $ | 1,140,000 |  |   | $ | 200,923 | * |   | $ | 200,873 |  | (1) | 12/22/2021 |
| Senior Secured Notes (Series B)                                          | 9/29/2011 |   | 16,000 |  |   | 16,000 |  |   | 16,523 |  | (1) | 9/29/2018 |
| 2042 Notes                                                               | 10/9/2012 |   | 150,000 |  |   | 150,000 |  |   | 152,160 |  | (2) | 10/15/2042 |
| 2043 Notes                                                               | 6/17/2013 |   | 150,000 |  |   | 150,000 |  |   | 156,180 |  | (2) | 7/15/2043 |
| 2025 Notes                                                               | 3/3/2015 |   | 350,000 |  |   | 350,000 |  |   | 367,556 |  | (1) | 3/3/2025 |
| Total Debt Obligations                                                   |   |   | $ | 1,806,000 |  |   | $ | 866,923 |  |   | $ | 893,292 |  |   |   |
| Deferred Financing Cost and Debt Discount                                |   |   |   | $ | (18,474 | ) |   |   |   |   |
| Total Debt Obligations, net of Deferred Financing Cost and Debt Discount |   |   |   | $ | 848,449 |  |   |   |   |   |

|   |                                                                                                                            |
|---|----------------------------------------------------------------------------------------------------------------------------|
| * | Includes foreign currency debt obligations as outlined in Foreign Currency Transactions and Translations within this note. |

|     |                                                                                                                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of March 31, 2017. The valuation is based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. |

|     |                                                                                                                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The fair value of these debt obligations would be categorized as Level 1 under ASC 820 as of March 31, 2017. The valuation is based on quoted prices of identical liabilities in active markets. |

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Table of Contents

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |
|                                          | Three Months Ended June 30, |
|                                          | 2017 |   | 2016 |
| Average debt outstanding                      | $ | 971,816 |  |   | $ | 1,233,619 |  |
| Maximum amount of debt outstanding            | 1,056,929 |  |   | 1,363,533 |  |
|                                          |   |   |   |
| Weighted average annualized interest cost (1) | 5.32 | % |   | 4.75 | % |
| Annualized amortized debt issuance cost       | 0.56 | % |   | 0.67 | % |
| Total annualized interest cost                | 5.88 | % |   | 5.42 | % |

|     |                                                                                                                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes the stated interest expense and commitment fees on the unused portion of the Senior Secured Facility. Commitment fees for the three months ended June 30, 2017 and 2016 were $760 and $697, respectively. |

|                 |
|-----------------|
|                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|            | Original Principal Amount (Local) |   | Original Principal Amount (USD) |   | Principal Amount Outstanding |   | Unrealized Gain/(Loss) |   | Reset Date |
| Canadian Dollar | C$ | 2,000 |  |   | $ | 1,482 |  |   | $ | 1,540 |  |   | $ | (58 | ) |   | 7/7/2017 |
| Canadian Dollar | C$ | 33,000 |  |   | 29,721 |  |   | 25,410 |  |   | 4,311 |  |   | 7/31/2017 |
| Euro            | € | 14,000 |  |   | 15,129 |  |   | 15,968 |  |   | (839 | ) |   | 7/5/2017 |
| Euro            | € | 12,500 |  |   | 13,506 |  |   | 14,257 |  |   | (751 | ) |   | 7/19/2017 |
| British Pound   | £ | 4,600 |  |   | 6,094 |  |   | 5,975 |  |   | 119 |  |   | 7/10/2017 |
| British Pound   | £ | 97,500 |  |   | 148,101 |  |   | 126,648 |  |   | 21,453 |  |   | 7/31/2017 |
|            |   |   | $ | 214,033 |  |   | $ | 189,798 |  |   | $ | 24,235 |  |   |   |

|                 |
|-----------------|
|                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|            | Original Principal Amount (Local) |   | Original Principal Amount (USD) |   | Principal Amount Outstanding |   | Unrealized Gain |   | Reset Date |
| Canadian Dollar | C$ | 33,000 |  |   | $ | 29,721 |  |   | $ | 24,744 |  |   | $ | 4,977 |  |   | 4/28/2017 |
| Euro            | € | 14,000 |  |   | 15,129 |  |   | 14,974 |  |   | 155 |  |   | 4/3/2017 |
| Euro            | € | 13,000 |  |   | 14,046 |  |   | 13,904 |  |   | 142 |  |   | 4/18/2017 |
| British Pound   | £ | 8,700 |  |   | 13,319 |  |   | 10,879 |  |   | 2,440 |  |   | 4/21/2017 |
| British Pound   | £ | 100,500 |  |   | 152,658 |  |   | 125,670 |  |   | 26,988 |  |   | 4/28/2017 |
| British Pound   | £ | 3,800 |  |   | 5,058 |  |   | 4,752 |  |   | 306 |  |   | 4/6/2017 |
|            |   |   | $ | 229,931 |  |   | $ | 194,923 |  |   | $ | 35,008 |  |   |   |

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Table of Contents

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |
| Date of Adoption          |   | Maximum Cost of Shares That May Be Repurchased |   | Cost of Shares Repurchased |   | Remaining Cost of Shares That May Be Repurchased |
| August 6, 2015            |   | $ | 50,000 |  |   | $ | 50,000 |  |   | $ | — |  |
| December 14, 2015         |   | 50,000 |  |   | 50,000 |  |   | — |  |
| September 14, 2016        |   | 50,000 |  |   | 356 |  |   | 49,644 |  |
| Total as of June 30, 2017 |   | $ | 150,000 |  |   | $ | 100,356 |  |   | $ | 49,644 |  |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |
| Effective Date     |   | Termination Date |   | Amount Allocated to 10b5-1 Repurchase Plans |
| September 15, 2015 |   | November 5, 2015 |   | $ | 5,000 |  |
| January 1, 2016    |   | February 5, 2016 |   | 10,000 |  |
| April 1, 2016      |   | May 19, 2016 |   | 5,000 |  |
| July 1, 2016       |   | August 5, 2016 |   | 15,000 |  |
| September 30, 2016 |   | November 8, 2016 |   | 20,000 |  |
| January 4, 2017    |   | February 6, 2017 |   | 10,000 |  |
| March 31, 2017     |   | May 19, 2017 |   | 10,000 |  |
| June 30, 2017      |   | August 7, 2017 |   | 10,000 |  |

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|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |  |  |  |
|                                                                        | June 30, 2017 |   | March 31, 2017 |
| Unfunded revolver obligations and bridge loan commitments (1)               | $ | 132,212 |  |   | $ | 227,906 |  |
| Standby letters of credit issued and outstanding (2)                        | 15,607 |  |   | 14,203 |  |
| Unfunded delayed draw loan commitments (3)                                  | 3,850 |  |   | 28,649 |  |
| Unfunded delayed draw loan commitments (performance thresholds not met) (4) | 35,512 |  |   | 30,678 |  |
| Total Unfunded Commitments                                                  | $ | 187,181 |  |   | $ | 301,436 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The unfunded revolver obligations may or may not be funded to the borrowing party in the future. The amounts relate to loans with various maturity dates, but the entire amount was eligible for funding to the borrowers as of June 30, 2017 and March 31, 2017, subject to the terms of each loan’s respective credit agreements which includes borrowing covenants that needs to be met prior to funding. As of June 30, 2017 and March 31, 2017, the bridge loan commitments included in the balances were $0 and $137,962, respectively. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | For all these letters of credit issued and outstanding, the Company would be required to make payments to third parties if the portfolio companies were to default on their related payment obligations. None of the letters of credit issued and outstanding are recorded as a liability on the Company’s Statements of Assets and Liabilities as such letters of credit are considered in the valuation of the investments in the portfolio company. |

|     |                                                                                                                                                                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The Company’s commitment to fund delayed draw loans is triggered upon the satisfaction of certain pre-negotiated terms and conditions which can include covenants to maintain specified leverage levels and other related borrowing base covenants. |

|     |                                                                                                                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | The borrowers are required to meet certain performance thresholds before the Company is obligated to fulfill the commitments and those performance thresholds were not met as of June 30, 2017 and March 31, 2017. |

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|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |
|                                                                           | Three Months Ended  June 30, 2017 |   | Year Ended March 31, 2017 |
|                                                                           | (Unaudited) |   |   |
| Per Share Data*                                                                |   |   |   |
| Net asset value at beginning of period                                         | $ | 6.74 |  |   | $ | 7.28 |  |
| Net investment income (1)                                                      | 0.15 |  |   | 0.67 |  |
| Net realized and change in unrealized losses (1)                               | (0.02 | ) |   | (0.59 | ) |
| Net increase (decrease) in net assets resulting from operations                | 0.13 |  |   | 0.08 |  |
| Distributions of net investment income (2)                                     | (0.15 | ) |   | (0.65 | ) |
| Distributions of return of capital (2)                                         | — |  |   | — |  |
| Accretion due to share repurchases                                             | — |  |   | 0.04 |  |
| Net asset value at end of period                                               | $ | 6.73 |  |   | $ | 6.74 |  |
|                                                                           |   |   |   |
| Per share market value at end of period                                        | $ | 6.39 |  |   | $ | 6.56 |  |
| Total return (3)                                                               | (0.32 | )% |   | 31.44 | % |
| Shares outstanding at end of period                                            | 219,694,654 |  |   | 219,694,654 |  |
| Weighted average shares outstanding                                            | 219,694,654 |  |   | 222,415,073 |  |
|                                                                           |   |   |   |
| Ratio/Supplemental Data                                                        |   |   |   |
| Net assets at end of period (in millions)                                      | $ | 1,477.6 |  |   | $ | 1,481.8 |  |
| Annualized ratio of operating expenses to average net assets (4)(5)            | 5.20 |  % |   | 4.59 | % |
| Annualized ratio of interest and other debt expenses to average net assets (5) | 3.85 |  % |   | 3.86 | % |
| Annualized ratio of total expenses to average net assets (4)(5)                | 9.05 |  % |   | 8.45 | % |
| Annualized ratio of net investment income to average net assets (5)            | 9.03 |  % |   | 9.66 | % |
| Average debt outstanding (in millions)                                         | $ | 971.8 |  |   | $ | 1,048.7 |  |
| Average debt per share                                                         | $ | 4.42 |  |   | $ | 4.71 |  |
| Annualized portfolio turnover rate (5)                                         | 42.70 |  % |   | 23.25 | % |
| Asset coverage per unit (6)                                                    | $ | 2,574 |  |   | $ | 2,709 |  |

|   |                                      |
|---|--------------------------------------|
| * | Totals may not foot due to rounding. |

|     |                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------|
| (1) | Financial highlights are based on the weighted average number of shares outstanding for the period presented. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The tax character of distributions are determined based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. Although the tax character of distributions paid to stockholders through June 30, 2017 may include return of capital, the exact amount cannot be determined at this point. Per share amounts are based on actual rate per share. |

|     |                                                                                                                                                                                                                                        |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Total return is based on the change in market price per share during the respective periods. Total return also takes into account distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | The ratio of operating expenses to average net assets and the ratio of total expenses to average net assets are shown inclusive of all voluntary management and incentive fee waivers (Note 3). For the three months ended June 30, 2017, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 6.58% and 10.43%, respectively, without the voluntary fee waivers. For the fiscal year ended March 31, 2017, the ratio of operating expenses to average net assets and the ratio of total expenses to average net assets would be 5.98% and 9.85%, respectively, without the voluntary fee waivers. |

|     |                                                                |
|-----|----------------------------------------------------------------|
| (5) | Annualized for the three months ended June 30, 2017. |

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|     |                                                                                                                                                                                                                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the Asset Coverage Per Unit. |

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Table of Contents

|         |                               |
|---------|-------------------------------|
| • | our future operating results; |

|         |                                                                      |
|---------|----------------------------------------------------------------------|
| • | our business prospects and the prospects of our portfolio companies; |

|         |                                                   |
|---------|---------------------------------------------------|
| • | the impact of investments that we expect to make; |

|         |                                                                    |
|---------|--------------------------------------------------------------------|
| • | our contractual arrangements and relationships with third parties; |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | the dependence of our future success on the general economy and its impact on the industries in which we invest; |

|         |                                                                     |
|---------|---------------------------------------------------------------------|
| • | the ability of our portfolio companies to achieve their objectives; |

|         |                                          |
|---------|------------------------------------------|
| • | our expected financings and investments; |

|         |                                                             |
|---------|-------------------------------------------------------------|
| • | the adequacy of our cash resources and working capital; and |

|         |                                                                                   |
|---------|-----------------------------------------------------------------------------------|
| • | the timing of cash flows, if any, from the operations of our portfolio companies. |

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|         |                                          |
|---------|------------------------------------------|
| • | investment advisory and management fees; |

|         |                                                                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | expenses incurred by AIM payable to third parties, including agents, consultants or other advisors, in monitoring our financial and legal affairs and in monitoring our investments and performing due diligence on our prospective portfolio companies; |

|         |                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------|
| • | calculation of our net asset value (including the cost and expenses of any independent valuation firm); |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | direct costs and expenses of administration, including independent registered public accounting and legal costs; |

|         |                                                                        |
|---------|------------------------------------------------------------------------|
| • | costs of preparing and filing reports or other documents with the SEC; |

|         |                                                                        |
|---------|------------------------------------------------------------------------|
| • | interest payable on debt, if any, incurred to finance our investments; |

|         |                                                     |
|---------|-----------------------------------------------------|
| • | offerings of our common stock and other securities; |

|         |                                |
|---------|--------------------------------|
| • | registration and listing fees; |

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|         |                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | fees payable to third parties, including agents, consultants or other advisors, relating to, or associated with, evaluating and making investments; |

|         |                                    |
|---------|------------------------------------|
| • | transfer agent and custodial fees; |

|         |        |
|---------|--------|
| • | taxes; |

|         |                                                 |
|---------|-------------------------------------------------|
| • | independent directors’ fees and expenses; |

|         |                                              |
|---------|----------------------------------------------|
| • | marketing and distribution-related expenses; |

|         |                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | the costs of any reports, proxy statements or other notices to stockholders, including printing and postage costs; |

|         |                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our allocable portion of the fidelity bond, directors and officers/errors and omissions liability insurance, and any other insurance premiums; |

|         |                           |
|---------|---------------------------|
| • | organizational costs; and |

|         |                                                                                                                                                                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | all other expenses incurred by us or the Administrator in connection with administering our business, such as our allocable portion of overhead under the administration agreement, including rent and our allocable portion of the cost of our Chief Financial Officer, Chief Compliance Officer, Chief Legal Officer, and their respective staffs. |

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |
|                                                       | Three Months Ended June 30, |
| (in millions)*                                             | 2017 |   | 2016 |
| Investments made in portfolio companies                    | $ | 342.0 |  |   | $ | 122.7 |  |
| Investments sold                                           | (9.9 | ) |   | (146.0 | ) |
| Net activity before repaid investments                     | 332.1 |  |   | (23.3 | ) |
| Investments repaid                                         | (242.0 | ) |   | (193.4 | ) |
| Net investment activity                                    | $ | 90.1 |  |   | $ | (216.7 | ) |
|                                                       |  |   |  |
| Portfolio companies at beginning of period                 | 86 |  |   | 89 |  |
| Number of new portfolio companies                          | 11 |  |   | 5 |  |
| Number of exited portfolio companies                       | (13 | ) |   | (13 | ) |
| Portfolio companies at end of period                       | 84 |  |   | 81 |  |
|                                                       |  |   |   |
| Number of investments made in existing portfolio companies | 11 |  |   | 12 |  |

|   |                                      |
|---|--------------------------------------|
| * | Totals may not foot due to rounding. |

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|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |  |  |  |  |  |  |  |
|                                                                                            | June 30, 2017 |   | March 31, 2017 |
| Portfolio composition, at fair value:                                                           |   |   |   |
| Secured debt                                                                                    | 77 | % |   | 75 | % |
| Unsecured debt                                                                                  | 7 | % |   | 7 | % |
| Structured products and other                                                                   | 6 | % |   | 7 | % |
| Preferred equity                                                                                | 1 | % |   | 1 | % |
| Common equity/interests and warrants                                                            | 9 | % |   | 10 | % |
| Weighted average yields, at amortized cost, exclusive of investments on non-accrual status (1): |   |   |   |
| Secured debt portfolio                                                                          | 10.2 | % |   | 10.2 | % |
| Unsecured debt portfolio                                                                        | 11.1 | % |   | 11.1 | % |
| Total debt portfolio                                                                            | 10.3 | % |   | 10.3 | % |
| Interest rate type, at fair value (2):                                                          |   |   |   |
| Fixed rate amount                                                                               |  | $0.2 |  billion |   |  | $0.2 |  billion |
| Floating rate amount                                                                            |  | $1.2 |  billion |   |  | $1.1 |  billion |
| Fixed rate, as percentage of total                                                              | 14 | % |   | 16 | % |
| Floating rate, as percentage of total                                                           | 86 | % |   | 84 | % |
| Interest rate type, at amortized cost (2):                                                      |   |   |   |
| Fixed rate amount                                                                               |  | $0.2 |  billion |   |  | $0.2 |  billion |
| Floating rate amount                                                                            |  | $1.1 |  billion |   |  | $1.0 |  billion |
| Fixed rate, as percentage of total                                                              | 15 | % |   | 17 | % |
| Floating rate, as percentage of total                                                           | 85 | % |   | 83 | % |

|     |                                                                                                        |
|-----|--------------------------------------------------------------------------------------------------------|
| (1) | An investor’s yield may be lower than the portfolio yield due to sales loads and other expenses. |

|     |                                                                                                                                                                                                                                 |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The interest type information is calculated using the Company’s corporate debt portfolio and excludes aviation, oil and gas, structured credit, renewables, shipping , commodities and investments on non-accrual status. |

----

Table of Contents

|    |                                                                                                                                                                                             |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1. | Our quarterly valuation process begins with each investment being initially valued by the investment professionals of our Investment Adviser who are responsible for the portfolio company. |

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|    |                                                                                                                       |
|----|-----------------------------------------------------------------------------------------------------------------------|
| 2. | Preliminary valuation conclusions are then documented and discussed with senior management of our Investment Adviser. |

|    |                                                                                                                                                                                                                          |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3. | Independent valuation firms are engaged by our Board of Directors to conduct independent appraisals by reviewing our Investment Adviser’s preliminary valuations and then making their own independent assessment. |

|    |                                                                                                                                                                                                                                                                         |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4. | The Audit Committee of the Board of Directors reviews the preliminary valuation of our Investment Adviser and the valuation prepared by the independent valuation firms and responds, if warranted, to the valuation recommendation of the independent valuation firms. |

|    |                                                                                                                                                                                                                                                                         |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5. | The Board of Directors discusses valuations and determines in good faith the fair value of each investment in our portfolio based on the input of our Investment Adviser, the applicable independent valuation firm, and the Audit Committee of the Board of Directors. |

----

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|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |
|                                                                   | Three Months Ended June 30, |
| (in millions)*                                                         | 2017 |   | 2016 |
| Investment income                                                      |   |   |   |
| Interest income                                                        | $ | 60.0 |  |   | $ | 65.9 |  |
| Dividend income                                                        | 5.9 |  |   | 8.9 |  |
| Other income                                                           | 0.8 |  |   | 1.8 |  |
| Total investment income                                                | $ | 66.7 |  |   | $ | 76.5 |  |
| Expenses                                                               |   |   |   |
| Management and performance-based incentive fees, net of amounts waived | $ | 15.0 |  |   | $ | 17.1 |  |
| Interest and other debt expenses, net of reimbursements                | 14.2 |  |   | 16.8 |  |
| Administrative services expense, net of reimbursements                 | 1.6 |  |   | 1.5 |  |
| Other general and administrative expenses                              | 2.6 |  |   | 5.0 |  |
| Net expenses                                                           | $ | 33.4 |  |   | $ | 40.4 |  |
| Net investment income                                                  | $ | 33.3 |  |   | $ | 36.1 |  |
| Net realized and change in unrealized gains (losses)                   |   |   |   |
| Net realized gains (losses)                                            | $ | (233.8 | ) |   | $ | 8.5 |  |
| Net change in unrealized gains (losses)                                | 229.2 |  |   | (86.7 | ) |
| Net realized and change in unrealized losses                           | (4.5 | ) |   | (78.2 | ) |
| Net increase (decrease) in net assets resulting from operations        | $ | 28.8 |  |   | $ | (42.1 | ) |
|                                                                   |   |   |   |
| Net investment income on per average share basis                       | $ | 0.15 |  |   | $ | 0.16 |  |
| Earnings (loss) per share — basic                                | $ | 0.13 |  |   | $ | (0.19 | ) |

|   |                                      |
|---|--------------------------------------|
| * | Totals may not foot due to rounding. |

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|                                    |
|------------------------------------|
|                                    |  |  |  |  |
| (in millions)                      | Net Realized Gain (Loss) |   |
| Renew JV LLC                       | $ | 4.0 |  |   |
| Venoco, Inc.                       | (89.0 | ) | * |
| Delta Career Education Corporation | (72.8 | ) | * |
| AIC SPV Holdings I, LLC            | (44.3 | ) | * * |
| LVI Group Investments, LLC         | (17.5 | ) | * * |
| Magnetation, LLC                   | (10.4 | ) | * |
| Clothesline Holdings, Inc.         | (6.0 | ) | * |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |
| (in millions)                             | Net Realized Gain (Loss) |
| Generation Brands Holdings, Inc.          | $ | 46.2 |  |
| Osage Exploration & Development, Inc. | (19.2 | ) |
| Aveta, Inc.                               | (11.9 | ) |
| Energy & Exploration Partners, Inc.   | (2.4 | ) |

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|                                    |
|------------------------------------|
|                                    |  |  |  |
| (in millions)                      | Net Change in Unrealized Gain (Loss) |
| Venoco, Inc.                       | $ | 89.0 |  |
| Delta Career Education Corporation | 72.8 |  |
| AIC SPV Holdings I, LLC            | 44.8 |  |
| LVI Group Investments, LLC         | 17.5 |  |
| Magnetation, LLC                   | 10.4 |  |
| Clothesline Holdings, Inc.         | 6.0 |  |
| SHD Oil & Gas, LLC             | (4.3 | ) |
| Sprint Industrial Holdings, LLC    | (2.1 | ) |

|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |  |  |  |
| (in millions)                                                     | Net Change in Unrealized Gain (Loss) |
| Osage Exploration & Development, Inc.                         | $ | 19.3 |  |
| Aveta, Inc.                                                       | 13.2 |  |
| Radio One, Inc.                                                   | 4.7 |  |
| Deep Gulf Energy II, LLC                                          | 2.5 |  |
| Jamestown CLO I Ltd.                                              | 2.5 |  |
| Generation Brands Holdings, Inc.                                  | (43.8 | ) |
| Garden Fresh Restaurant Corp.                                     | (29.9 | ) |
| Delta Educational Systems, Inc.                                   | (22.2 | ) |
| Solarplicity Group Limited                                        | (16.7 | ) |
| AIC SPV Holdings I, LLC                                           | (10.7 | ) |
| LVI Group Investments, LLC                                        | (7.3 | ) |
| Venoco, Inc.                                                      | (6.1 | ) |
| Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | (5.4 | ) |

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|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | Payments Due by Period |
| (in millions)                   | Total |   | Less than 1 Year |   | 1 to 3 Years |   | 3 to 5 Years |   | More than 5 Years |
| Senior Secured Facility (1)     | $ | 272.8 |  |   | $ | — |  |   | $ | — |  |   | $ | 272.8 |  |   | $ | — |  |
| Senior Secured Notes (Series B) | 16.0 |  |   | — |  |   | 16.0 |  |   | — |  |   | — |  |
| 2042 Notes                      | 150.0 |  |   | — |  |   | — |  |   | — |  |   | 150.0 |  |
| 2043 Notes                      | 150.0 |  |   | — |  |   | — |  |   | — |  |   | 150.0 |  |
| 2025 Notes                      | 350.0 |  |   | — |  |   | — |  |   | — |  |   | 350.0 |  |
| Total Debt Obligations          | $ | 938.8 |  |   | $ | — |  |   | $ | 16.0 |  |   | $ | 272.8 |  |   | $ | 650.0 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | As of June 30, 2017, aggregate lender commitments under the Senior Secured Facility totaled $1.14 billion and $852.4 million of unused capacity. As of June 30, 2017, there were $14.8 million of letters of credit issued under the Senior Secured Facility as shown in Commitments and Contingencies (See Note 8 within the notes to financial statements.) |

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|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |
| Basis Point Change          | Net Investment Income | Net Investment Income Per Share |
|  Up 400 basis points   | $ | 30.9 |  million | $ | 0.141 |  |
|  Up 300 basis points   | $ | 23.2 |  million | $ | 0.106 |  |
|  Up 200 basis points   | $ | 15.4 |  million | $ | 0.070 |  |
|  Up 100 basis points   | $ | 7.7 |  million | $ | 0.035 |  |
|  Down 100 basis points | $ | (1.0 | ) million | $ | (0.005 | ) |

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|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |
| Date of Adoption          |   | Maximum Cost of Shares That May Be Repurchased |   | Cost of Shares Repurchased |   | Remaining Cost of Shares That May Be Repurchased |
| August 6, 2015            |   | $ | 50.0 |  million |   | $ | 50.0 |  million |   | $ | — |  |
| December 14, 2015         |   | 50.0 |  million |   | 50.0 |  million |   | — |  |
| September 14, 2016        |   | 50.0 |  million |   | 0.4 |  million |   | 49.6 |  million |
| Total as of June 30, 2017 |   | $ | 150.0 |  million |   | $ | 100.4 |  million |   | $ | 49.6 |  million |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |
| Effective Date     |   | Termination Date |   | Amount Allocated to 10b5-1 Repurchase Plans |
| September 15, 2015 |   | November 5, 2015 |   | $ | 5.0 |  million |
| January 1, 2016    |   | February 5, 2016 |   | 10.0 |  million |
| April 1, 2016      |   | May 19, 2016 |   | 5.0 |  million |
| July 1, 2016       |   | August 5, 2016 |   | 15.0 |  million |
| September 30, 2016 |   | November 8, 2016 |   | 20.0 |  million |
| January 4, 2017    |   | February 6, 2017 |   | 10.0 |  million |
| March 31, 2017     |   | May 19, 2017 |   | 10.0 |  million |
| June 30, 2017      |   | August 7, 2017 |   | 10.0 |  million |

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|                |
|----------------|
|                |  |  |  |  |  |  |  |  |  |  |
| Month          | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans | Maximum Dollar Value of Shares That May Yet Be Purchased Under Publicly Announced Plans |
| August 2015    | 1,530,000 |  | $ | 6.57 |  | 1,530,000 |  | $ | 40.0 |  million |
| September 2015 | 1,810,400 |  | 6.15 |  | 1,810,400 |  | 28.8 |  million |
| November 2015  | 3,350,000 |  | 6.03 |  | 3,350,000 |  | 8.6 |  million |
| December 2015  | 1,882,329 |  | 5.86 |  | 1,882,329 |  | 47.6 |  million |
| January 2016   | 2,012,126 |  | 4.97 |  | 2,012,126 |  | 37.6 |  million |
| June 2016      | 1,088,800 |  | 5.58 |  | 1,088,800 |  | 31.5 |  million |
| July 2016      | 49,475 |  | 5.51 |  | 49,475 |  | 31.2 |  million |
| August 2016    | 1,788,882 |  | 5.89 |  | 1,788,882 |  | 20.7 |  million |
| September 2016 | 1,234,569 |  | 6.04 |  | 1,234,569 |  | 63.2 |  million |
| October 2016   | 1,582,250 |  | 5.94 |  | 1,582,250 |  | 53.8 |  million |
| November 2016  | 717,866 |  | 5.82 |  | 717,866 |  | 49.6 |  million |
| Total          | 17,046,697 |  | $ | 5.89 |  | 17,046,697 |  |   |

|        |
|--------|
|        |  |
| 3.1(a) | Articles of Amendment (1) |
| 3.1(b) | Articles of Amendment and Restatement (2) |
| 3.2    | Fourth Amended and Restated Bylaws (3) |
| 31.1   | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934* |
| 31.2   | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934* |
| 32.1   | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)* |

|   |                 |
|---|-----------------|
| * | Filed herewith. |

|     |                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Incorporated by reference from the Registrant’s pre-effective Amendment No. 1 to the Registration Statement under the Securities Act of 1933, as amended, as Form N-2, filed on June 20, 2005. |

|     |                                                                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Incorporated by reference from the Registrant’s post-effective Amendment No. 1 to the Registration Statement under the Securities Act of 1933, as amended, on Form N-2, filed on August 14, 2006. |

|     |                                                                                              |
|-----|----------------------------------------------------------------------------------------------|
| (3) | Incorporated by reference from the Registrant’s Form 10-K, filed on May 19, 2015. |

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|        |
|--------|
|        |  |  |
|   | APOLLO INVESTMENT CORPORATION |
|   |   |   |
|   | By: | /s/ JAMES C. ZELTER |
|   | James C. Zelter |
|   | Chief Executive Officer |
|   |   |   |
|   | By: | /s/ GREGORY W. HUNT |
|   | Gregory W. Hunt |
|   | Chief Financial Officer and Treasurer |
|   |   |   |
|   | By: | /s/ AMIT JOSHI |
|   | Amit Joshi |
|   | Chief Accounting Officer and Assistant Treasurer |