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| 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) |

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|-----------------------------------------------|
|                                               |  |  |  |  |
| Large accelerated filer             | x |   | Accelerated filer |  ̈ |
| Non-accelerated filer                    |  ̈ |   | Smaller reporting company |  ̈ |
| (Do not check if a smaller reporting company) |   |   |

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|                       |  |  |
| Class of Common Stock |   | Outstanding at February 9, 2016 |
| $0.001 par value      |   | 226,156,496 |

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Table of Contents

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|         |   | Page |
|         | PART I. FINANCIAL INFORMATION |   |
|         |   |   |
| Item 1. | Financial Statements | 1 |
|         |   |   |
|         | Statements of Assets and LiabilitiesDecember 31, 2015 and March 31, 2015 | 1 |
|         |   |   |
|         | Statements of OperationsThree and nine months ended December 31, 2015 and December 31, 2014 | 2 |
|         |   |   |
|         | Statements of Changes in Net AssetsNine months ended December 31, 2015 and year ended March 31, 2015 | 3 |
|         |   |   |
|         | Statements of Cash FlowsNine months ended December 31, 2015 and December 31, 2014 | 4 |
|         |   |   |
|         | Schedule of InvestmentsDecember 31, 2015 | 5 |
|         |   |   |
|         | Schedule of InvestmentsMarch 31, 2015 | 17 |
|         |   |   |
|         | Notes to Financial Statements | 29 |
|         |   |   |
|         | 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 | 69 |
|         |   |   |
| Item 4. | Controls and Procedures | 69 |
|         |   |   |
|         | PART II. OTHER INFORMATION |   |
|         |   |   |
| Item 1. | Legal Proceedings | 70 |
|         |   |   |
| Item 1A.     | Risk Factors | 70 |
|         |   |   |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 70 |
|         |   |   |
| Item 3. | Defaults Upon Senior Securities | 71 |
|         |   |   |
| Item 4.      | Mine Safety Disclosures | 71 |
|         |   |   |
| Item 5. | Other Information | 71 |
|         |   |   |
| Item 6. | Exhibits | 71 |
|         |   |   |
|         | Signatures | 72 |

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Table of Contents

| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF ASSETS AND LIABILITIES(In thousands, except share and per share data)                        |
|-----------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                         |  |  |  |  |  |  |  |
|                                                                                                                                    | December 31, 2015 |  | March 31, 2015 |
|                                                                                                                                    | (Unaudited) |   |   |
| Assets                                                                                                                                  |   |   |   |
| Investments at fair value:                                                                                                              |   |   |   |
| Non-controlled/non-affiliated investments (cost — $2,353,855 and $2,514,328, respectively)                                        | $ | 2,079,618 |  |   | $ | 2,357,042 |  |
| Non-controlled/affiliated investments (cost — $188,725 and $297,948, respectively)                                                | 249,607 |  |   | 327,218 |  |
| Controlled investments (cost — $715,920 and $674,299, respectively)                                                               | 739,768 |  |   | 665,567 |  |
| Total investments at fair value (cost — $3,258,500 and $3,486,575, respectively)                                                  | 3,068,993 |  |   | 3,349,827 |  |
| Cash                                                                                                                                    | 10,414 |  |   | 3,766 |  |
| Foreign currencies (cost — $2,125 and $4,856, respectively)                                                                       | 2,113 |  |   | 4,651 |  |
| Receivable for investments sold                                                                                                         | 63,024 |  |   | 114,884 |  |
| Interest receivable                                                                                                                     | 32,603 |  |   | 43,312 |  |
| Dividends receivable                                                                                                                    | 8,874 |  |   | 5,425 |  |
| Deferred financing costs                                                                                                                | 30,111 |  |   | 29,743 |  |
| Prepaid expenses and other assets                                                                                                       | 3,162 |  |   | 9,283 |  |
| Total Assets                                                                                                                            | $ | 3,219,294 |  |   | $ | 3,560,891 |  |
|                                                                                                                                    |   |   |   |
| Liabilities                                                                                                                             |   |   |   |
| Debt                                                                                                                                    | $ | 1,384,719 |  |   | $ | 1,498,759 |  |
| Payable for investments purchased                                                                                                       | 5,282 |  |   | 10,736 |  |
| Dividends payable                                                                                                                       | 45,634 |  |   | 47,348 |  |
| Management and performance-based incentive fees payable                                                                                 | 30,086 |  |   | 37,361 |  |
| Interest payable                                                                                                                        | 17,292 |  |   | 15,851 |  |
| Accrued administrative services expense                                                                                                 | 1,808 |  |   | 2,000 |  |
| Other liabilities and accrued expenses                                                                                                  | 10,264 |  |   | 11,228 |  |
| Total Liabilities                                                                                                                       | $ | 1,495,085 |  |   | $ | 1,623,283 |  |
| Net Assets                                                                                                                              | $ | 1,724,209 |  |   | $ | 1,937,608 |  |
|                                                                                                                                    |   |   |   |
| Net Assets                                                                                                                              |   |   |   |
| Common stock, $0.001 par value (400,000,000 shares authorized; 228,168,622 and 236,741,351 shares issued and outstanding, respectively) | $ | 228 |  |   | $ | 237 |  |
| Paid-in capital in excess of par                                                                                                        | 3,145,287 |  |   | 3,197,715 |  |
| Over-distributed net investment income                                                                                                  | (26,783 | ) |   | (35,589 | ) |
| Accumulated net realized loss                                                                                                           | (1,222,886 | ) |   | (1,102,517 | ) |
| Net unrealized loss                                                                                                                     | (171,637 | ) |   | (122,238 | ) |
| Net Assets                                                                                                                              | $ | 1,724,209 |  |   | $ | 1,937,608 |  |
|                                                                                                                                    |   |   |   |
| Net Asset Value Per Share                                                                                                               | $ | 7.56 |  |   | $ | 8.18 |  |

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Table of Contents

| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF OPERATIONS (Unaudited)(In thousands, except per share data) |
|--------------------------------------------------------------------------------------------------------|
|                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                   | Three Months Ended  December 31, |   | Nine Months Ended  December 31, |
|                                                                                                   | 2015 |   | 2014 |   | 2015 |   | 2014 |
| Investment Income                                                                                      |   |   |   |   |   |   |   |
| Non-controlled/non-affiliated investments:                                                             |   |   |   |   |   |   |   |
| Interest income                                                                                        | $ | 61,756 |  |   | $ | 87,606 |  |   | $ | 205,585 |  |   | $ | 266,300 |  |
| Dividend income                                                                                        | 1,037 |  |   | 991 |  |   | 2,824 |  |   | 3,106 |  |
| Other income                                                                                           | 677 |  |   | 4,533 |  |   | 6,822 |  |   | 10,827 |  |
| Non-controlled/affiliated investments:                                                                 |   |   |   |   |   |   |   |
| Interest income                                                                                        | 182 |  |   | 283 |  |   | 633 |  |   | 3,479 |  |
| Dividend income                                                                                        | 9,594 |  |   | 4,393 |  |   | 28,263 |  |   | 12,467 |  |
| Other income                                                                                           | 70 |  |   | — |  |   | 297 |  |   | 87 |  |
| Controlled investments:                                                                                |   |   |   |   |   |   |   |
| Interest income                                                                                        | 13,388 |  |   | 10,199 |  |   | 34,571 |  |   | 29,154 |  |
| Dividend income                                                                                        | 7,621 |  |   | 1,958 |  |   | 15,352 |  |   | 5,658 |  |
| Other income                                                                                           | — |  |   | 63 |  |   | 63 |  |   | 438 |  |
| Total Investment Income                                                                                | $ | 94,325 |  |   | $ | 110,026 |  |   | $ | 294,410 |  |   | $ | 331,516 |  |
| Expenses                                                                                               |   |   |   |   |   |   |   |
| Management fees                                                                                        | $ | 16,478 |  |   | $ | 18,755 |  |   | $ | 50,557 |  |   | $ | 55,744 |  |
| Performance-based incentive fees                                                                       | 11,142 |  |   | 13,215 |  |   | 33,783 |  |   | 41,075 |  |
| Interest and other debt expenses                                                                       | 19,335 |  |   | 20,315 |  |   | 63,535 |  |   | 58,163 |  |
| Administrative services expense                                                                        | 1,531 |  |   | 1,863 |  |   | 4,614 |  |   | 4,821 |  |
| Other general and administrative expenses                                                              | 2,806 |  |   | 3,014 |  |   | 7,695 |  |   | 7,919 |  |
| Total expenses                                                                                         | 51,292 |  |   | 57,162 |  |   | 160,184 |  |   | 167,722 |  |
| Management and performance-based incentive fees waived                                                 | (4,999 | ) |   | (3,740 | ) |   | (14,237 | ) |   | (11,934 | ) |
| Expense reimbursements                                                                                 | (59 | ) |   | (58 | ) |   | (176 | ) |   | (174 | ) |
| Net Expenses                                                                                           | $ | 46,234 |  |   | $ | 53,364 |  |   | $ | 145,771 |  |   | $ | 155,614 |  |
| Net Investment Income                                                                                  | $ | 48,091 |  |   | $ | 56,662 |  |   | $ | 148,639 |  |   | $ | 175,902 |  |
| Net Realized and Change in Unrealized Gains (Losses)                                                   |   |   |   |   |   |   |   |
| Net realized gains (losses):                                                                           |   |   |   |   |   |   |   |
| Non-controlled/non-affiliated investments                                                              | $ | (6,112 | ) |   | $ | (2,355 | ) |   | $ | (82,896 | ) |   | $ | (14,244 | ) |
| Non-controlled/affiliated investments                                                                  | (1,575 | ) |   | (169 | ) |   | (1,642 | ) |   | 11,357 |  |
| Controlled investments                                                                                 | — |  |   | (57 | ) |   | (39,714 | ) |   | (57 | ) |
| Foreign currency transactions                                                                          | (1,599 | ) |   | 1,151 |  |   | 3,883 |  |   | (225 | ) |
| Net realized losses                                                                                    | (9,286 | ) |   | (1,430 | ) |   | (120,369 | ) |   | (3,169 | ) |
| Net change in unrealized gains (losses):                                                               |   |   |   |   |   |   |   |
| Non-controlled/non-affiliated investments                                                              | (73,088 | ) |   | (100,749 | ) |   | (116,950 | ) |   | (149,322 | ) |
| Non-controlled/affiliated investments                                                                  | 2,879 |  |   | 13,320 |  |   | 31,612 |  |   | 22,189 |  |
| Controlled investments                                                                                 | (2,173 | ) |   | 9,687 |  |   | 32,579 |  |   | 31,767 |  |
| Foreign currency translations                                                                          | 7,805 |  |   | 3,058 |  |   | 3,360 |  |   | 9,785 |  |
| Net change in unrealized losses                                                                        | (64,577 | ) |   | (74,684 | ) |   | (49,399 | ) |   | (85,581 | ) |
| Net Realized and Change in Unrealized Losses                                                           | $ | (73,863 | ) |   | $ | (76,114 | ) |   | $ | (169,768 | ) |   | $ | (88,750 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Operations                                        | $ | (25,772 | ) |   | $ | (19,452 | ) |   | $ | (21,129 | ) |   | $ | 87,152 |  |
| Earnings (Loss) Per Share — Basic                                                                | $ | (0.11 | ) |   | $ | (0.09 | ) |   | $ | (0.09 | ) |   | $ | 0.36 |  |
| Earnings (Loss) Per Share — Diluted                                                              | $ | (0.11 | ) |   | $ | (0.09 | ) |   | $ | (0.09 | ) |   | $ | 0.36 |  |

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| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF CHANGES IN NET ASSETS(In thousands, except share data) |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |
|                                                                                              | Nine Months Ended  December 31, 2015 |   | Year EndedMarch 31, 2015 |
|                                                                                              | (Unaudited) |   |   |
| Operations                                                                                        |   |   |   |
| Net investment income                                                                             | $ | 148,639 |  |   | $ | 227,973 |  |
| Net realized losses                                                                               | (120,369 | ) |   | (13,368 | ) |
| Net change in unrealized losses                                                                   | (49,399 | ) |   | (139,183 | ) |
| Net Increase (Decrease) in Net Assets Resulting from Operations                                   | $ | (21,129 | ) |   | $ | 75,422 |  |
|                                                                                              |   |   |   |
| Distributions to Shareholders                                                                     |   |   |   |
| Distribution of net investment income                                                             | $ | (139,833 | ) |   | $ | (165,626 | ) |
| Distribution of return of capital                                                                 | — |  |   | (23,767 | ) |
| Net Decrease in Net Assets Resulting from Distributions to Shareholders                           | $ | (139,833 | ) |   | $ | (189,393 | ) |
|                                                                                              |   |   |   |
| Capital Share Transactions                                                                        |   |   |   |
| Offering costs for the issuance of common stock                                                   | $ | — |  |   | $ | (32 | ) |
| Repurchase of common stock                                                                        | (52,437 | ) |   | — |  |
| Net Decrease in Net Assets Resulting from Capital Share Transactions                              | $ | (52,437 | ) |   | $ | (32 | ) |
|                                                                                              |   |   |   |
| Net Assets                                                                                        |   |   |   |
| Net decrease in net assets during the period                                                      | $ | (213,399 | ) |   | $ | (114,003 | ) |
| Net assets at beginning of period                                                                 | 1,937,608 |  |   | 2,051,611 |  |
| Net Assets at End of Period                                                                       | $ | 1,724,209 |  |   | $ | 1,937,608 |  |
|                                                                                              |   |   |   |
| Capital Share Activity                                                                            |   |   |   |
| Shares repurchased during the period                                                              | (8,572,729 | ) |   | — |  |
| Shares issued and outstanding at beginning of period                                              | 236,741,351 |  |   | 236,741,351 |  |
| Shares Issued and Outstanding at End of Period                                                    | 228,168,622 |  |   | 236,741,351 |  |

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| APOLLO INVESTMENT CORPORATIONSTATEMENTS OF CASH FLOWS (Unaudited)(In thousands) |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |
|                                                                            | Nine Months Ended December 31, |
|                                                                            | 2015 |   | 2014 |
| Operating Activities                                                            |   |   |   |
| Net increase (decrease) in net assets resulting from operations                 | $ | (21,129 | ) |   | $ | 87,152 |  |
| Net realized losses                                                             | 120,369 |  |   | 3,169 |  |
| Net change in unrealized losses                                                 | 49,399 |  |   | 85,581 |  |
| Net amortization of premiums and accretion of discounts on investments          | (5,039 | ) |   | (7,860 | ) |
| Accretion of discount on notes                                                  | 447 |  |   | 1 |  |
| Amortization of deferred financing costs                                        | 5,278 |  |   | 4,966 |  |
| Increase (decrease) from foreign currency transactions                          | 4,477 |  |   | (1,035 | ) |
| Changes in operating assets and liabilities:                                    |   |   |   |
| Payment-in-kind interest and dividends capitalized                              | (34,090 | ) |   | (24,155 | ) |
| Purchases of investments                                                        | (923,719 | ) |   | (1,950,745 | ) |
| Proceeds from sales and repayments of investments                               | 1,113,077 |  |   | 1,715,756 |  |
| Decrease in interest receivable                                                 | 10,709 |  |   | 10,093 |  |
| Increase in dividends receivable                                                | (3,449 | ) |   | (40 | ) |
| Decrease (increase) in prepaid expenses and other assets                        | 6,121 |  |   | (3,486 | ) |
| Increase (decrease) in management and performance-based incentive fees payable  | (7,275 | ) |   | 6,417 |  |
| Increase in interest payable                                                    | 1,441 |  |   | 1,619 |  |
| Increase (decrease) in accrued administrative services expense                  | (192 | ) |   | 317 |  |
| Increase (decrease) in other liabilities and accrued expenses                   | (964 | ) |   | 763 |  |
| Net Cash Provided by (Used in) Operating Activities                             | $ | 315,461 |  |   | $ | (71,487 | ) |
| Financing Activities                                                            |   |   |   |
| Issuances of debt                                                               | $ | 1,624,754 |  |   | $ | 2,423,577 |  |
| Payments of debt                                                                | (1,736,668 | ) |   | (2,196,492 | ) |
| Financing costs paid and deferred                                               | (5,646 | ) |   | (432 | ) |
| Offering costs for the issuance of common stock                                 | — |  |   | (27 | ) |
| Repurchase of common stock                                                      | (52,437 | ) |   | — |  |
| Dividends paid                                                                  | (141,547 | ) |   | (142,045 | ) |
| Net Cash Provided by (Used in) Financing Activities                             | $ | (311,544 | ) |   | $ | 84,581 |  |
|                                                                            |   |   |   |
| Cash and Foreign Currencies                                                     |   |   |   |
| Net increase in cash and foreign currencies during the period                   | $ | 3,917 |  |   | $ | 13,094 |  |
| Effect of foreign exchange rate changes                                         | 193 |  |   | (160 | ) |
| Cash and foreign currencies at beginning of period                              | 8,417 |  |   | 14,736 |  |
| Cash and Foreign Currencies at End of Period                                    | $ | 12,527 |  |   | $ | 27,670 |  |
|                                                                            |   |   |   |
| Supplemental Disclosure of Cash Flow Information                                |   |   |   |
| Cash interest paid                                                              | $ | 46,962 |  |   | $ | 50,064 |  |
|                                                                            |   |   |   |
| Non-Cash Activities                                                             |   |   |   |
| Payment-in-kind income                                                          | $ | 31,607 |  |   | $ | 24,889 |  |
| Non-cash reorganizations and restructuring of investments                       | $ | 268,250 |  |   | $ | 17,141 |  |

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|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                      |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Non-Controlled/Non-Affiliated Investments—120.6% (10)                     |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt—105.5%                                                     |   |   |   |   |   |   |   |   |   |   |
| Secured Debt—88.9%                                                        |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt—36.1%                                             |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt (excluding Revolvers and Letters of Credit)—36.0% |   |   |   |   |   |   |   |   |
| Aventine Renewable Energy Holdings, Inc.                                        |   | Chemicals, Plastics & Rubber |   | 10.500% Cash (15.000% PIK Toggle) |   | 9/22/17 |   | $ | 16,339 |  |   | $ | 17,970 |  |   | $ | 15,685 |  |
| Aveta, Inc.                                                                     |   | Healthcare & Pharmaceuticals |   | 9.750% (3M L+825, 1.50% Floor) |   | 12/12/17 |   | 51,315 |  |   | 50,619 |  |   | 30,575 |  |
| Belk, Inc.                                                                      |   | Retail |   | 5.750% (6M L+475, 1.00% Floor) |   | 12/12/22 |   | 10,780 |  |   | 9,587 |  |   | 9,513 |  |
| ChyronHego Corporation (18)                                                     |   | High Tech Industries |   | 6.625% (3M L+563, 1.00% Floor) |   | 3/9/20 |   | 32,431 |  |   | 31,858 |  |   | 31,783 |  |
| Deep Gulf Energy II, LLC                                                        |   | Energy – Oil & Gas |   | 14.500% (6M L+1300, 1.50% Floor) |   | 9/30/18 |   | 50,000 |  |   | 50,000 |  |   | 45,625 |  |
| Delta Educational Systems, Inc.                                                 |   | Education |   | 16.000% PIK |   | 12/11/16 |   | 6,509 |  |   | 6,509 |  |   | 6,496 |  |
| Dodge Data & Analytics LLC                                                  |   | Business Services |   | 9.750% (3M L+875, 1.00% Floor) |   | 10/31/19 |   | 53,503 |  |   | 52,641 |  |   | 52,031 |  |
| ECN Holding Company (18)                                                        |   | High Tech Industries |   | 8.000% (3M L+700, 1.00% Floor) |   | 6/12/21 |   | 22,388 |  |   | 22,077 |  |   | 21,850 |  |
| Hunt Companies, Inc. (11)                                                       |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 9.625% |   | 3/1/21 |   | 34,008 |  |   | 32,665 |  |   | 30,862 |  |
| Magnetation, LLC (11)(13)(14)(16)                                               |   | Metals & Mining |   | 11.000% |   | 5/15/18 |   | 32,632 |  |   | 33,957 |  |   | 1,812 |  |
| Magnetation, LLC (13)(14)(16)                                                   |   | Metals & Mining |   | 12.000% PIK |   | 3/7/16 |   | 13,070 |  |   | 12,427 |  |   | 6,607 |  |
| Maxus Capital Carbon SPE I, LLC                                                 |   | Chemicals, Plastics & Rubber |   | 13.000% |   | 9/18/19 |   | 63,438 |  |   | 63,438 |  |   | 62,800 |  |
| My Alarm Center, LLC (16)                                                       |   | Business Services |   | 9.000% (12M L+800, 1.00% Floor) |   | 1/9/19 |   | 42,614 |  |   | 42,614 |  |   | 42,614 |  |
| My Alarm Center, LLC (16)(23)                                                   |   | Business Services |   | 9.000% (12M L+800 Funded, 0.350% Unfunded, 1.00% Floor) |   | 1/9/19 |   | 11,441 |  |   | 11,441 |  |   | 11,441 |  |
| My Alarm Center, LLC (16)(23)                                                   |   | Business Services |   | 9.000% (3M L+800 Funded, 0.350% Unfunded, 1.00% Floor) |   | 1/9/19 |   | 3,880 |  |   | 3,880 |  |   | 3,880 |  |
| Osage Exploration & Development, Inc. (11)(13)(14)(17)                      |   | Energy – Oil & Gas |   | 13.000% (12M L+1100, 2.00% Floor), 13.000% PIK Toggle |   | 4/27/16 |   | 25,840 |  |   | 24,856 |  |   | 4,489 |  |
| Pelican Energy, LLC (17)                                                        |   | Energy – Oil & Gas |   | 10.000% (7.000% Cash, 3.000% PIK) |   | 12/31/18 |   | 28,313 |  |   | 27,524 |  |   | 22,878 |  |
| Saba Software, Inc. (18)                                                        |   | High Tech Industries |   | 9.750% (12M L+875, 1.00% Floor) |   | 3/30/21 |   | 9,950 |  |   | 9,950 |  |   | 9,801 |  |
| SCM Insurance Services, Inc. (17)                                               |   | Business Services |   | 9.250% |   | 8/22/19 |   | C$ | 39,480 |  |   | 32,960 |  |   | 25,863 |  |
| Spotted Hawk Development, LLC                                                   |   | Energy – Oil & Gas |   | 19.000% (13.000% Cash, 6.000% PIK) |   | 9/12/16 |   | 84,380 |  |   | 84,380 |  |   | 68,001 |  |

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|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Telestream Holdings Corporation (18)                                      |   | High Tech Industries |   | 7.430% (3M L+643, 1.00% Floor) |   | 1/15/20 |   | $ | 31,891 |  |   | $ | 31,891 |  |   | $ | 31,444 |  |
| UniTek Global Services Inc. (16)                                          |   | Telecommunications |   | 9.500% (3M L+750, 1.000% PIK, 1.00% Floor) |   | 1/13/19 |   | 17,882 |  |   | 17,882 |  |   | 17,882 |  |
| UniTek Global Services Inc. (16)                                          |   | Telecommunications |   | 8.500% (3M L+750, 1.00% Floor) |   | 1/13/19 |   | 32,367 |  |   | 32,367 |  |   | 30,748 |  |
| Venoco, Inc.                                                              |   | Energy – Oil & Gas |   | 12.000% |   | 2/28/19 |   | 40,517 |  |   | 40,517 |  |   | 36,465 |  |
| Total First Lien Secured Debt (excluding Revolvers and Letters of Credit) |   |   |   |   |   | $ | 744,010 |  |   | $ | 621,145 |  |
| Funded and Unfunded Revolver Obligations—0.1%                       |   |   |   |   |   |   |   |   |   |   |
| Alliant Holdings, Unfunded Revolver (8)(21)(23)                           |   | Insurance |   | 0.500% Unfunded |   | 8/14/20 |   | $ | 15,000 |  |   | $ | (1,575 | ) |   | $ | (1,485 | ) |
| Avaya, Inc., Revolver                                                     |   | Telecommunications |   | 2.963% (12M L+275) |   | 10/26/16 |   | 3,303 |  |   | 3,152 |  |   | 3,105 |  |
| CIT Group, Inc., Unfunded Revolver (8)(17)(21)(23)                        |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 0.625% Unfunded |   | 1/27/17 |   | 25,000 |  |   | (3 | ) |   | (875 | ) |
| Confie Seguros Holding II Co., Revolver (16)(23)                          |   | Insurance |   | 7.000% (3M P+350) |   | 12/10/18 |   | 750 |  |   | 750 |  |   | 660 |  |
| Confie Seguros Holding II Co., Revolver (16)(23)                          |   | Insurance |   | 4.924% (3M L+450) |   | 12/10/18 |   | 470 |  |   | 470 |  |   | 414 |  |
| Confie Seguros Holding II Co., Unfunded Revolver (8)(16)(21)(23)          |   | Insurance |   | 0.500% Unfunded |   | 12/10/18 |   | 3,194 |  |   | (271 | ) |   | (384 | ) |
| My Alarm Center, LLC, Unfunded Revolver (16)(21)(23)                      |   | Business Services |   | 0.350% Unfunded |   | 1/9/19 |   | 6,250 |  |   | — |  |   | — |  |
| Tibco Software Inc., Revolver (16)(23)                                    |   | High Tech Industries |   | 4.230% (12M L+400) |   | 12/5/19 |   | 1,440 |  |   | 1,440 |  |   | 1,332 |  |
| Tibco Software Inc., Unfunded Revolver (8)(21)(23)                        |   | High Tech Industries |   | 0.500% Unfunded |   | 12/5/19 |   | 4,560 |  |   | (47 | ) |   | (342 | ) |
| Transfirst Holdings, Inc., Unfunded Revolver (8)(16)(21)(23)              |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 0.500% Unfunded |   | 11/12/19 |   | 2,943 |  |   | (12 | ) |   | (88 | ) |
| UniTek Global Services Inc., Unfunded Revolver (16)(21)(23)               |   | Telecommunications |   | 0.500% Unfunded |   | 1/13/19 |   | 5,000 |  |   | — |  |   | — |  |
| Total Funded and Unfunded Revolver Obligations                            |   |   |   |   |   |   |   | $ | 3,904 |  |   | $ | 2,337 |  |
| Letters of Credit—0.0%                                              |   |   |   |   |   |   |   |   |   |   |
| Confie Seguros Holding II Co., Letter of Credit (8)(16)(23)               |   | Insurance |   | 4.500% |   | 1/13/16 |   | $ | 86 |  |   | $ | — |  |   | $ | (10 | ) |
| Transfirst Holdings, Inc., Letter of Credit (8)(16)(23)                   |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 3.750% |   | 11/12/19 |   | 57 |  |   | — |  |   | (2 | ) |
| UniTek Global Services Inc., Letter of Credit (16)(23)                    |   | Telecommunications |   | 7.500% |   | 1/13/19 |   | 8,813 |  |   | — |  |   | — |  |
| UniTek Global Services Inc., Letter of Credit (16)(23)                    |   | Telecommunications |   | 7.500% |   | 1/13/19 |   | 1,850 |  |   | — |  |   | — |  |
| Total Letters of Credit                                                   |   |   |   |   |   |   |   | $ | — |  |   | $ | (12 | ) |
| Total First Lien Secured Debt                                             |   |   |   |   |   |   |   | $ | 747,914 |  |   | $ | 623,470 |  |

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Table of Contents

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|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                 |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Second Lien Secured Debt—52.8%       |   |   |   |   |   |   |   |   |   |   |
| 1A Smart Start LLC                         |   | Consumer Services |   | 9.500% (3M L+850, 1.00% Floor) |   | 8/22/22 |   | $ | 35,000 |  |   | $ | 34,327 |  |   | $ | 34,055 |  |
| Access CIG, LLC                            |   | Business Services |   | 9.750% (3M L+875, 1.00% Floor) |   | 10/17/22 |   | 50,970 |  |   | 48,746 |  |   | 49,696 |  |
| Active Network, Inc.                       |   | Business Services |   | 9.500% (3M L+850, 1.00% Floor) |   | 11/15/21 |   | 19,672 |  |   | 19,593 |  |   | 18,197 |  |
| Appriss Holdings, Inc.                     |   | Business Services |   | 9.250% (3M L+825, 1.00% Floor) |   | 5/21/21 |   | 32,750 |  |   | 32,315 |  |   | 32,750 |  |
| Armor Holding II LLC                       |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.250% (3M L+900, 1.25% Floor) |   | 12/26/20 |   | 8,000 |  |   | 7,881 |  |   | 7,800 |  |
| Asurion Corporation                        |   | Insurance |   | 8.500% (3M L+750, 1.00% Floor) |   | 3/3/21 |   | 67,590 |  |   | 67,313 |  |   | 58,211 |  |
| Confie Seguros Holding II Co.              |   | Insurance |   | 10.250% (3M L+900, 1.25% Floor) |   | 5/8/19 |   | 22,344 |  |   | 22,242 |  |   | 22,149 |  |
| Delta Educational Systems, Inc.            |   | Education |   | 35.000% PIK |   | 6/10/18 |   | 1,182 |  |   | 1,182 |  |   | 2,301 |  |
| Deltek, Inc.                               |   | Business Services |   | 9.500% (3M L+850, 1.00% Floor) |   | 6/26/23 |   | 28,086 |  |   | 27,696 |  |   | 27,735 |  |
| Elements Behavioral Health, Inc.           |   | Healthcare & Pharmaceuticals |   | 11.750% (3M L+875 Cash, 2.000% PIK, 1.00% Floor) |   | 2/11/20 |   | 9,534 |  |   | 9,464 |  |   | 9,482 |  |
| Extraction Oil & Gas Holdings, LLC     |   | Energy – Oil & Gas |   | 11.000% & 10.000% |   | 5/29/19 |   | 52,633 |  |   | 52,036 |  |   | 52,264 |  |
| Garden Fresh Restaurant Corp. (16)         |   | Hotel, Gaming, Leisure, Restaurants |   | 7.750% (3M L+625 PIK, 1.50% Floor) |   | 1/1/19 |   | 8,755 |  |   | 7,298 |  |   | 6,391 |  |
| Garden Fresh Restaurant Corp. (16)         |   | Hotel, Gaming, Leisure, Restaurants |   | 15.000% (12M L+1350 PIK, 1.50% Floor) |   | 1/1/19 |   | 44,687 |  |   | 43,116 |  |   | 35,750 |  |
| GCA Services Group, Inc.                   |   | Business Services |   | 9.250% (3M L+800, 1.25% Floor) |   | 11/2/20 |   | 26,197 |  |   | 26,298 |  |   | 25,870 |  |
| Grocery Outlet, Inc.                       |   | Food & Grocery |   | 9.250% (3M L+825, 1.00% Floor) |   | 10/21/22 |   | 28,000 |  |   | 27,624 |  |   | 27,580 |  |
| GTCR Valor Companies, Inc.                 |   | Business Services |   | 9.500% (3M L+850, 1.00% Floor) |   | 11/30/21 |   | 35,000 |  |   | 34,695 |  |   | 33,644 |  |
| Infiltrator Systems Integrated, LLC        |   | Manufacturing, Capital Equipment |   | 9.750% (3M L+875, 1.00% Floor) |   | 5/26/23 |   | 13,889 |  |   | 13,625 |  |   | 13,819 |  |
| Institutional Shareholder Services, Inc.   |   | Business Services |   | 8.500% (3M L+750, 1.00% Floor) |   | 4/30/22 |   | 6,640 |  |   | 6,584 |  |   | 6,341 |  |
| Kronos, Inc.                               |   | Business Services |   | 9.750% (3M L+850, 1.25% Floor) |   | 4/30/20 |   | 3,512 |  |   | 3,567 |  |   | 3,506 |  |
| Miller Energy Resources, Inc. (13)(14)(17) |   | Energy – Oil & Gas |   | 14.750% (3M L+1075 Cash, 2.000% PIK, 2.000% Floor) |   | 2/3/18 |   | 89,021 |  |   | 88,568 |  |   | 63,757 |  |
| MSC Software Corp. (17)                    |   | High Tech Industries |   | 8.500% (3M L+750, 1.00% Floor) |   | 5/31/21 |   | 13,448 |  |   | 13,337 |  |   | 11,834 |  |

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Table of Contents

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|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                          |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Novolex Holdings, Inc.              |   | Containers, Packaging & Glass |   | 9.750% (3M L+875, 1.00% Floor) |   | 6/5/22 |   | $ | 42,045 |  |   | $ | 41,092 |  |   | $ | 40,153 |  |
| Pabst Brewing Company               |   | Consumer Goods – Durable |   | 9.250% (3M L+825, 1.00% Floor) |   | 11/14/22 |   | 27,000 |  |   | 26,695 |  |   | 26,460 |  |
| Poseidon Merger Sub, Inc.           |   | Business Services |   | 9.500% (3M L+850, 1.00% Floor) |   | 8/15/23 |   | 18,000 |  |   | 17,485 |  |   | 18,000 |  |
| Premier Trailer Leasing, Inc.       |   | Transportation – Cargo, Distribution |   | 10.000% (3M L+900, 1.00% Floor) |   | 9/24/20 |   | 52,000 |  |   | 51,135 |  |   | 53,040 |  |
| River Cree Enterprises LP (11)(17)  |   | Hotel, Gaming, Leisure, Restaurants |   | 11.000% |   | 1/20/21 |   | C$ | 23,000 |  |   | 21,684 |  |   | 16,516 |  |
| SiTV, Inc. (11)                     |   | Broadcasting & Subscription |   | 10.375% |   | 7/1/19 |   | 2,219 |  |   | 2,219 |  |   | 1,786 |  |
| SMG                                 |   | Hotel, Gaming, Leisure, Restaurants |   | 9.250% (3M L+825, 1.00% Floor) |   | 2/27/21 |   | 19,900 |  |   | 19,900 |  |   | 20,000 |  |
| Sprint Industrial Holdings, LLC     |   | Containers, Packaging & Glass |   | 11.250% (3M L+1000, 1.25% Floor) |   | 11/14/19 |   | 16,163 |  |   | 15,469 |  |   | 12,365 |  |
| SquareTwo Financial Corp. (17)      |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 11.625% |   | 4/1/17 |   | 65,152 |  |   | 64,619 |  |   | 37,462 |  |
| STG-Fairway Acquisitions, Inc.      |   | Business Services |   | 10.250% (3M L+925, 1.00% Floor) |   | 6/30/23 |   | 15,000 |  |   | 14,641 |  |   | 14,400 |  |
| TASC, Inc.                          |   | Aerospace & Defense |   | 12.000% |   | 5/21/21 |   | 21,815 |  |   | 21,095 |  |   | 22,142 |  |
| TMK Hawk Parent, Corp.              |   | Transportation – Cargo, Distribution |   | 8.500% (3M L+750, 1.00% Floor) |   | 10/1/22 |   | 34,000 |  |   | 33,700 |  |   | 33,660 |  |
| Transfirst Holdings, Inc.           |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 9.000% (3M L+800, 1.00% Floor) |   | 11/11/22 |   | 27,840 |  |   | 27,570 |  |   | 27,283 |  |
| U.S. Renal Care, Inc.               |   | Healthcare & Pharmaceuticals |   | 9.000% (3M L+800, 1.00% Floor) |   | 12/29/23 |   | 3,000 |  |   | 2,940 |  |   | 2,948 |  |
| Velocity Technology Solutions, Inc. |   | Business Services |   | 9.000% (3M L+775, 1.25% Floor) |   | 9/28/20 |   | 16,500 |  |   | 16,241 |  |   | 15,881 |  |
| Venoco, Inc.                        |   | Energy – Oil & Gas |   | 8.875% (12.000% PIK Toggle) |   | 2/28/19 |   | 35,843 |  |   | 46,020 |  |   | 25,090 |  |
| Total Second Lien Secured Debt      |   |   |   |   |   |   |   | $ | 1,010,012 |  |   | $ | 910,318 |  |
| Total Secured Debt                  |   |   |   |   |   |   |   | $ | 1,757,926 |  |   | $ | 1,533,788 |  |

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Table of Contents

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|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                        |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Unsecured Debt—16.6%                                        |   |   |   |   |   |   |   |   |   |   |
| Aerojet Rocketdyne Holdings, Inc. (formerly GenCorp, Inc.) (17)   |   | Aerospace & Defense |   | 9.500% (3M L+850, 1.00% Floor) |   | 4/18/22 |   | $ | 6,500 |  |   | $ | 6,500 |  |   | $ | 6,500 |  |
| American Tire Distributors, Inc. (11)                             |   | Transportation – Cargo, Distribution |   | 10.250% |   | 3/1/22 |   | 29,741 |  |   | 29,821 |  |   | 27,399 |  |
| Canacol Energy Ltd. (17)(23)                                      |   | Energy – Oil & Gas |   |  9.500% (3M L+850, 1.000% Unfunded, 1.00% Floor) |   | 12/31/19 |   | 75,000 |  |   | 73,339 |  |   | 71,400 |  |
| Delta Educational Systems, Inc.                                   |   | Education |   | 16.000% PIK |   | 5/12/17 |   | 27,181 |  |   | 27,016 |  |   | 18,862 |  |
| Radio One, Inc. (11)                                              |   | Broadcasting & Subscription |   | 9.250% |   | 2/15/20 |   | 15,804 |  |   | 15,721 |  |   | 12,367 |  |
| Sorenson Holdings, LLC (11)                                       |   | Consumer Goods – Durable |   | 13.000% (13.000% PIK Toggle) |   | 10/31/21 |   | 68 |  |   | 45 |  |   | 69 |  |
| Tibco Software Inc. (11)                                          |   | High Tech Industries |   | 11.375% |   | 12/1/21 |   | 6,984 |  |   | 6,803 |  |   | 5,849 |  |
| U.S. Security Associates Holdings, Inc.                           |   | Business Services |   | 11.000% |   | 7/28/18 |   | 135,000 |  |   | 135,000 |  |   | 136,350 |  |
| UniTek Global Services Inc.                                       |   | Telecommunications |   | 15.000% PIK |   | 7/13/19 |   | 7,093 |  |   | 7,093 |  |   | 7,093 |  |
| Total Unsecured Debt                                              |   |   |   |   |   |   |   | $ | 301,338 |  |   | $ | 285,889 |  |
| Total Corporate Debt                                              |   |   |   |   |   |   |   | $ | 2,059,264 |  |   | $ | 1,819,677 |  |
| Structured Products and Other—10.6%                         |   |   |   |   |   |   |   |   |   |   |
| Asset Repackaging Trust Six B.V., Credit-Linked Note (11)(17)(19) |   | Utilities – Electric |   | 13.832% |   | 5/18/27 |   | $ | 58,411 |  |   | $ | 25,215 |  |   | $ | 32,224 |  |
| Craft 2013-1, Credit-Linked Note (11)(16)(17)                     |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 9.565% (3M L+925) |   | 4/17/22 |   | 25,000 |  |   | 25,066 |  |   | 23,754 |  |
| Craft 2013-1, Credit-Linked Note (16)(17)                         |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 9.565% (3M L+925) |   | 4/17/22 |   | 7,625 |  |   | 7,731 |  |   | 7,248 |  |
| Craft 2014-1A, Credit-Linked Note (11)(17)                        |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 10.012% (3M L+965) |   | 5/15/21 |   | 42,500 |  |   | 42,436 |  |   | 40,692 |  |
| Craft 2015-2, Credit-Linked Note (11)(17)                         |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 9.567% (3M L+925) |   | 1/16/24 |   | 26,000 |  |   | 25,956 |  |   | 24,981 |  |
| Dark Castle Holdings, LLC                                         |   | Media – Diversified & Production |   | 31.240% |   | N/A |   | 24,395 |  |   | 1,189 |  |   | 2,150 |  |
| JP Morgan Chase & Co., Credit-Linked Note (17)                |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 12.595% (12M L+1225) |   | 12/20/21 |   | 43,250 |  |   | 41,587 |  |   | 42,594 |  |
| NXT Capital CLO 2014-1, LLC, Class E Notes (11)(17)               |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 5.816% (3M L+550) |   | 4/23/26 |   | 5,000 |  |   | 4,686 |  |   | 4,072 |  |
| Renaissance Umiat, LLC, ACES Tax Receivable (15)(17)              |   | Energy – Oil & Gas |   | 15.250% to 17.460% |   | N/A |   | — |  |   | 5,393 |  |   | 5,522 |  |
| Total Structured Products and Other                               |   |   |   |   |   |   |   | $ | 179,259 |  |   | $ | 183,237 |  |

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|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Equity—4.5%                                                         |   |   |   |   |   |   |   |   |   |   |
| Preferred Equity—2.9%                                               |   |   |   |   |   | Shares |   |   |   |   |
| Crowley Holdings, Series A Preferred Stock (11)                           |   | Transportation – Cargo, Distribution |   | 12.000% (10.000% Cash, 2.000% PIK) |   | N/A |   | 33,428 |  |   | $ | 33,839 |  |   | $ | 34,233 |  |
| Gryphon Colleges Corp, Preferred Stock (13)(14)                           |   | Education |   | 12.500% PIK |   | N/A |   | 332,500 |  |   | 6,863 |  |   | — |  |
| Gryphon Colleges Corp, Preferred Stock (13)(14)                           |   | Education |   | 13.500% PIK |   | 5/12/18 |   | 12,360 |  |   | 27,685 |  |   | — |  |
| Sungevity Inc, Series D Preferred Stock (13)                              |   | Energy – Electricity |   | N/A |   | N/A |   | 114,678,899 |  |   | 11,250 |  |   | 11,250 |  |
| Varietal Distribution Holdings, LLC, Class A Preferred Unit               |   | Transportation – Cargo, Distribution |   | 8.000% PIK |   | N/A |   | 3,097 |  |   | 4,207 |  |   | 4,207 |  |
| Total Preferred Equity                                                    |   |   |   |   |   |   |   | $ | 83,844 |  |   | $ | 49,690 |  |
| Common Equity/Interests—1.1%                                        |   |   |   |   |   | Shares |   |   |   |   |
| Accelerate Parent Corp, Common Stock                                      |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | 1,664,046 |  |   | $ | 1,714 |  |   | $ | 2,570 |  |
| AMP Solar Group, Inc., Class A Common Unit (13)(17)                       |   | Energy – Electricity |   | N/A |   | N/A |   | 166,974 |  |   | 7,000 |  |   | 7,000 |  |
| Clothesline Holdings, Inc., Common Stock (13)                             |   | Healthcare & Pharmaceuticals |   | N/A |   | N/A |   | 6,000 |  |   | 6,000 |  |   | 701 |  |
| Explorer Coinvest, LLC, Common Stock (17)                                 |   | Business Services |   | N/A |   | N/A |   | 133 |  |   | 1,021 |  |   | 3,826 |  |
| Garden Fresh Restaurant Holdings, LLC, Common Stock (13)                  |   | Hotel, Gaming, Leisure, Restaurants |   | N/A |   | N/A |   | 50,000 |  |   | 5,000 |  |   | — |  |
| Gryphon Colleges Corp, Common Stock (13)                                  |   | Education |   | N/A |   | N/A |   | 17,500 |  |   | 175 |  |   | — |  |
| Pelican Energy, LLC, Net Profits Interest (13)(17)                        |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 1,098,572 |  |   | 1,099 |  |   | — |  |
| Skyline Data, News and Analytics LLC, Class A Common Unit (13)            |   | Business Services |   | N/A |   | N/A |   | 4,500 |  |   | 4,500 |  |   | 4,500 |  |
| Sorenson Holdings, LLC, Membership Interests (13)                         |   | Consumer Goods – Durable |   | N/A |   | N/A |   | 587 |  |   | — |  |   | 139 |  |
| Varietal Distribution Holdings, LLC, Class A Common Unit (13)             |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | 28,028 |  |   | 28 |  |   | 237 |  |
| Total Common Equity/Interests                                             |   |   |   |   |   |   |   | $ | 26,537 |  |   | $ | 18,973 |  |
| Warrants—0.5%                                                       |   |   |   |   |   | Warrants |   |   |   |   |
| Energy & Exploration Partners, Inc., Common Stock Warrants (13)       |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 60,778 |  |   | $ | 2,374 |  |   | $ | — |  |
| Fidji Luxco (BC) S.C.A., Common Stock Warrants (2)(13)(17)                |   | High Tech Industries |   | N/A |   | N/A |   | 12,427 |  |   | 125 |  |   | 8,041 |  |
| Gryphon Colleges Corp, Class A-1 Preferred Stock Warrants (13)            |   | Education |   | N/A |   | N/A |   | 45,947 |  |   | 459 |  |   | — |  |
| 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 |  |   | — |  |
| Osage Exploration & Development, Inc., Common Stock Warrants (13)(17) |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 1,496,843 |  |   | — |  |   | — |  |
| Spotted Hawk Development, LLC, Common Stock Warrants (13)                 |   | Energy – Oil & Gas |   | N/A |   | N/A |   | 54,545 |  |   | 852 |  |   | — |  |
| Total Warrants                                                            |   |   |   |   |   |   |   | $ | 4,951 |  |   | $ | 8,041 |  |
| Total Equity                                                              |   |   |   |   |   |   |   | $ | 115,332 |  |   | $ | 76,704 |  |
| Total Non-Controlled/Non-Affiliated Investments                           |   |   |   |   |   |   |   | $ | 2,353,855 |  |   | $ | 2,079,618 |  |

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Table of Contents

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|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                      |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Non-Controlled/Affiliated Investments—14.5% (4)(10)                       |   |   |   |   |   |   |   |   |   |   |
| Structured Products and Other—8.5%                                        |   |   |   |   |   |   |   |   |   |   |
| Golden Bear Warehouse LLC, Membership Interests (3)(17)                         |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | N/A |   | N/A |   | $ | 26,438 |  |   | $ | 26,438 |  |   | $ | 35,409 |  |
| Highbridge Loan Management 3-2014, Ltd., Subordinated Notes (3)(11)(17)(22)     |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 17.510% |   | 1/18/25 |   | 8,163 |  |   | 5,731 |  |   | 5,412 |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd., Subordinated Notes (3)(11)(17)(22) |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 17.200% |   | 10/18/25 |   | 12,500 |  |   | 10,493 |  |   | 10,276 |  |
| Ivy Hill Middle Market Credit Fund X, Ltd., Subordinated Notes (3)(11)(17)(22)  |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 12.490% |   | 7/18/27 |   | 14,000 |  |   | 12,457 |  |   | 10,807 |  |
| Jamestown CLO I Ltd., Subordinated Notes (11)(17)(22)                           |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 0.000% |   | 11/5/24 |   | 4,325 |  |   | 3,049 |  |   | 2,142 |  |
| MCF CLO I, LLC, Membership Interests (3)(11)(17)(22)                            |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 20.270% |   | 4/20/23 |   | 38,918 |  |   | 33,666 |  |   | 35,138 |  |
| MCF CLO III, LLC, Class E Notes (3)(11)(17)                                     |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 4.737% (3M L+445) |   | 1/20/24 |   | 12,750 |  |   | 11,541 |  |   | 10,523 |  |
| MCF CLO III, LLC, Membership Interests (3)(11)(17)(22)                          |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 20.080% |   | 1/20/24 |   | 41,900 |  |   | 35,059 |  |   | 35,384 |  |
| Slater Mill Loan Fund LP, LP Certificates (3)(11)(17)(22)                       |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | 0.000% |   | N/A |   | 8,375 |  |   | 5,335 |  |   | 1,424 |  |
| Total Structured Products and Other                                             |   |   |   |   |   |   |   | $ | 143,769 |  |   | $ | 146,515 |  |
| Equity—6.0%                                                               |   |   |   |   |   |   |   |   |   |   |
| Preferred Equity—2.0%                                                     |   |   |   |   |   | Shares |   |   |   |   |
| Renewable Funding Group, Inc., Series B Preferred Stock (13)                    |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | N/A |   | N/A |   | 1,505,868 |  |   | $ | 8,343 |  |   | $ | 20,450 |  |
| Renewable Funding Group, Inc., Series D Preferred Stock (13)                    |   | Diversified Investment Vehicles, Banking, Finance, Real Estate |   | N/A |   | N/A |   | 436,689 |  |   | 5,568 |  |   | 13,013 |  |
| Total Preferred Equity                                                          |   |   |   |   |   |   |   | $ | 13,911 |  |   | $ | 33,463 |  |
| Common Equity/Interests—4.0%                                              |   |   |   |   |   | Shares |   |   |   |   |
| Generation Brands Holdings, Inc., Basic Common Stock (3)(13)                    |   | Consumer Goods – Durable |   | N/A |   | N/A |   | 9,007 |  |   | $ | — |  |   | $ | 8,314 |  |
| Generation Brands Holdings, Inc., Series 2L Common Stock (3)(13)                |   | Consumer Goods – Durable |   | N/A |   | N/A |   | 36,700 |  |   | 11,242 |  |   | 33,878 |  |
| Generation Brands Holdings, Inc., Series H Common Stock (3)(13)                 |   | Consumer Goods – Durable |   | N/A |   | N/A |   | 7,500 |  |   | 2,298 |  |   | 6,924 |  |
| LVI Group Investments, LLC, Common Units (13)                                   |   | Environmental Industries |   | N/A |   | N/A |   | 212,460 |  |   | 17,505 |  |   | 20,513 |  |
| Total Common Equity/Interests                                                   |   |   |   |   |   |   |   | $ | 31,045 |  |   | $ | 69,629 |  |
| Total Equity                                                                    |   |   |   |   |   |   |   | $ | 44,956 |  |   | $ | 103,092 |  |
| Total Non-Controlled/Affiliated Investments                                     |   |   |   |   |   |   |   | $ | 188,725 |  |   | $ | 249,607 |  |

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|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                     |   | Industry (9) |   | InterestRate (20) |   | MaturityDate |   | Par (12) |   | Cost |   | FairValue (1) |
| Controlled Investments—42.9% (5)(10)                                     |   |   |   |   |   |   |   |   |   |   |
| Corporate Debt—29.6%                                                     |   |   |   |   |   |   |   |   |   |   |
| Secured Debt—29.6%                                                       |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt—29.6%                                            |   |   |   |   |   |   |   |   |   |   |
| First Lien Secured Debt (excluding Revolvers and Letters of Credit)—8.4% |   |   |   |   |   |   |   |   |
| Solarplicity Group Limited (17)                                                |   | Energy – Electricity |   | 12.500% (12.500% PIK Toggle) |   | 11/30/22 |   | £ | 100,670 |  |   | $ | 150,754 |  |   | $ | 145,988 |  |
| Total First Lien Secured Debt (excluding Revolvers and Letters of Credit)      |   |   |   |   |   | $ | 150,754 |  |   | $ | 145,988 |  |
| Funded and Unfunded Revolver Obligations—21.2%                           |   |   |   |   |   |   |   |   |   |   |
| Merx Aviation Finance, LLC, Revolver (16)(23)                                  |   | Aviation and Consumer Transport |   | 12.000% |   | 10/31/18 |   | $ | 365,084 |  |   | $ | 365,084 |  |   | $ | 365,084 |  |
| Merx Aviation Finance, LLC, Unfunded Revolver (16)(23)                         |   | Aviation and Consumer Transport |   | 0.000% Unfunded |   | 10/31/18 |   | 34,916 |  |   | — |  |   | — |  |
| Total Funded and Unfunded Revolver Obligations                                 |   |   |   |   |   |   |   | $ | 365,084 |  |   | $ | 365,084 |  |
| Letters of Credit—0.0%                                                   |   |   |   |   |   |   |   |   |   |   |
| Merx Aviation Finance, LLC, Letter of Credit (16)(23)                          |   | Aviation and Consumer Transport |   | 2.250% |   | 7/13/16 |   | $ | 177 |  |   | $ | — |  |   | $ | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit (16)(23)        |   | Aviation and Consumer Transport |   | 2.250% |   | 9/30/16 |   | 1,800 |  |   | — |  |   | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit (16)(23)        |   | Aviation and Consumer Transport |   | 2.250% |   | 9/30/16 |   | 1,800 |  |   | — |  |   | — |  |
| Total Letters of Credit                                                        |   |   |   |   |   |   |   | $ | — |  |   | $ | — |  |
| Total First Lien Secured Debt                                                  |   |   |   |   |   |   |   | $ | 515,838 |  |   | $ | 511,072 |  |
| Total Secured Debt                                                             |   |   |   |   |   |   |   | $ | 515,838 |  |   | $ | 511,072 |  |
| Total Corporate Debt                                                           |   |   |   |   |   |   |   | $ | 515,838 |  |   | $ | 511,072 |  |
| Equity—13.3%                                                             |   |   |   |   |   |   |   |   |   |   |
| Common Equity/Interests—13.3%                                            |   |   |   |   |   | Shares |   |   |   |   |
| Dynamic Product Tankers, LLC, Class A Units (17)(24)                           |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | N/A |  |   | $ | 38,756 |  |   | $ | 38,714 |  |
| Merx Aviation Finance, LLC, Membership Interests                               |   | Aviation and Consumer Transport |   | N/A |   | N/A |   | N/A |  |   | 73,854 |  |   | 102,966 |  |
| MSEA Tankers LLC, Class A Units (17)(25)                                       |   | Transportation – Cargo, Distribution |   | N/A |   | N/A |   | N/A |  |   | 85,000 |  |   | 84,622 |  |
| Solarplicity Group Limited, Class B Common Shares (2)(13)(17)                  |   | Energy – Electricity |   | N/A |   | N/A |   | 2,825 |  |   | 2,472 |  |   | 2,394 |  |
| Total Common Equity/Interests                                                  |   |   |   |   |   |   |   | $ | 200,082 |  |   | $ | 228,696 |  |
| Total Equity                                                                   |   |   |   |   |   |   |   | $ | 200,082 |  |   | $ | 228,696 |  |
| Total Controlled Investments                                                   |   |   |   |   |   |   |   | $ | 715,920 |  |   | $ | 739,768 |  |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Investments—178.0% (6)(7)                                          |   |   |   |   |   |   |   | $ | 3,258,500 |  |   | $ | 3,068,993 |  |
|                                                                           |   |   |   |   |   |   |   |   |   |   |
| Liabilities in Excess of Other Assets—(78.0)%                            |   |   |   |   |   |   |   |   |   | $ | (1,344,784 | ) |
| Net Assets—100.0%                                                        |   |   |   |   |   |   |   |   |   | $ | 1,724,209 |  |

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

|     |                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------|
| (2) | Fidji Luxco (BC) S.C.A. is a EUR denominated investment. Solarplicity Group Limited is a GBP denominated investment. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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 and therefore the Company has determined that these entities are not controlled affiliates. As of December 31, 2015, the Company had a 28%, 26%, 32%, 32%, 100%, 97%, 98%, and 26% equity ownership interest in Generation Brands Holdings, Inc., Highbridge Loan Management, Ltd., Ivy Hill Middle Market Credit Fund IX, Ltd., Ivy Hill Middle Market Credit Fund X, Ltd., LLC, Golden Bear Warehouse, LLC, MCF CLO I, LLC, MCF CLO III, LLC, and Slater Mill Loan Fund, LP, respectively. With respect to these portfolio companies, |

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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, 2015 and December 31, 2015 along with transactions during the nine months ended December 31, 2015 in these Affiliated investments are as follows: |

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                  | Fair Value at March 31, 2015 | Gross Additions (Cost) ● | Gross Reductions (Cost) ■ | Net Change in Unrealized Gains (Losses) | Fair Value at December 31, 2015 | Net Realized Losses | Interest/Dividend/Other Income |
| AMP Solar (UK) Limited, Class A Preference Shares              | $ | 65,171 |  | $ | 67,313 |  | $ | (133,668 | ) | $ | 1,184 |  | $ | — |  | $ | (1,575 | ) | $ | 7,375 |  |
| AMP Solar Group, Inc., Class A Common Unit                     | 3,500 |  | 2,500 |  | (6,000 | ) | — |  | — |  | — |  | — |  |
| Generation Brands Holdings, Inc., Basic Common Stock           | 6,699 |  | — |  | — |  | 1,615 |  | 8,314 |  | — |  | — |  |
| Generation Brands Holdings, Inc., Series 2L Common Stock       | 27,294 |  | — |  | — |  | 6,584 |  | 33,878 |  | — |  | — |  |
| Generation Brands Holdings, Inc., Series H Common Stock        | 5,578 |  | — |  | — |  | 1,346 |  | 6,924 |  | — |  | — |  |
| Golden Bear Warehouse LLC, Equity                              | 6,833 |  | 37,540 |  | (15,335 | ) | 6,371 |  | 35,409 |  | — |  | 905 |  |
| Golden Hill CLO I, LLC, Equity                                 | 73,587 |  | — |  | (71,478 | ) | (2,109 | ) | — |  | — |  | 6,458 |  |
| Highbridge Loan Management 3-2014, Ltd, Class E Notes          | 2,121 |  | 3 |  | (2,280 | ) | 156 |  | — |  | (67 | ) | 34 |  |
| Highbridge Loan Management 3-2014, Ltd, Subordinated Notes     | 6,722 |  | — |  | (806 | ) | (504 | ) | 5,412 |  | — |  | 671 |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd, Subordinated Notes | 11,375 |  | — |  | (882 | ) | (217 | ) | 10,276 |  | — |  | 1,293 |  |
| Ivy Hill Middle Market Credit Fund X, Ltd, Subordinated Notes  | — |  | 12,457 |  | — |  | (1,650 | ) | 10,807 |  | — |  | 712 |  |
| Jamestown CLO I LTD, Subordinated Notes                        | 3,698 |  | — |  | (384 | ) | (1,172 | ) | 2,142 |  | — |  | 175 |  |
| LVI Group Investments, LLC, Common Units                       | 8,669 |  | — |  | — |  | 11,844 |  | 20,513 |  | — |  | 219 |  |
| MCF CLO I, LLC, Membership Interests                           | 38,490 |  | — |  | (1,422 | ) | (1,930 | ) | 35,138 |  | — |  | 5,267 |  |
| MCF CLO III, LLC, Class E Notes                                | 11,220 |  | 85 |  | — |  | (782 | ) | 10,523 |  | — |  | 546 |  |
| MCF CLO III, LLC, Membership Interests                         | 38,984 |  | — |  | (1,897 | ) | (1,703 | ) | 35,384 |  | — |  | 4,912 |  |
| Renewable Funding Group, Inc., Promissory Note due 9/30/15     | 1,000 |  | — |  | (1,000 | ) | — |  | — |  | — |  | — |  |
| Renewable Funding Group, Inc., Promissory Note due 6/3/16      | — |  | 2,068 |  | (2,068 | ) | — |  | — |  | — |  | 53 |  |
| Renewable Funding Group, Inc., Series B Preferred Stock        | 9,309 |  | 1,000 |  | (118 | ) | 10,259 |  | 20,450 |  | — |  | — |  |
| Renewable Funding Group, Inc., Series D Preferred Stock        | — |  | 5,568 |  | — |  | 7,445 |  | 13,013 |  | — |  | — |  |
| Slater Mill Loan Fund LP, LP Certificates                      | 6,968 |  | — |  | (419 | ) | (5,125 | ) | 1,424 |  | — |  | 573 |  |
|                                                           | $ | 327,218 |  | $ | 128,534 |  | $ | (237,757 | ) | $ | 31,612 |  | $ | 249,607 |  | $ | (1,642 | ) | $ | 29,193 |  |

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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, 2015 and December 31, 2015 along with transactions during the nine months ended December 31, 2015 in these Controlled investments are as follows: |

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                  | Fair Value at March 31, 2015 | Gross Additions (Cost) ● | Gross Reductions (Cost) ■ | Net Change in Unrealized Gains (Losses) | Fair Value at December 31, 2015 | Net Realized Losses | Interest/Dividend/Other Income |
| Dynamic Product Tankers, LLC, Class A Units                    | $ | — |  | $ | 38,800 |  | $ | (45 | ) | $ | (41 | ) | $ | 38,714 |  | $ | — |  | $ | 4,435 |  |
| Merx Aviation Finance, LLC, Revolver                           | 352,084 |  | 13,000 |  | — |  | — |  | 365,084 |  | — |  | 32,221 |  |
| Merx Aviation Finance, LLC, Unfunded Revolver                  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Merx Aviation Finance, LLC, Letter of Credit                   | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Merx Aviation Finance, LLC, Membership Interests               | 165,172 |  | — |  | (78,227 | ) | 16,021 |  | 102,966 |  | — |  | 3,000 |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit | — |  | — |  | — |  | — |  | — |  | — |  | 10 |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit | — |  | — |  | — |  | — |  | — |  | — |  | 10 |  |
| MSEA Tankers LLC, Class A Units                                | 33,000 |  | 52,000 |  | — |  | (378 | ) | 84,622 |  | — |  | 6,049 |  |
| PlayPower Holdings, Inc., Common Stock                         | 55,900 |  | — |  | (77,722 | ) | 21,822 |  | — |  | (39,714 | ) | 63 |  |
| PlayPower Holdings, Inc., Series A Preferred                   | 59,411 |  | 1,891 |  | (61,302 | ) | — |  | — |  | — |  | 1,869 |  |
| Solarplicity Group Limited, First Lien Term Loan               | — |  | 150,755 |  | — |  | (4,767 | ) | 145,988 |  | — |  | 2,329 |  |
| Solarplicity Group Limited, Class B Common Shares              | — |  | 2,472 |  | — |  | (78 | ) | 2,394 |  | — |  | — |  |
|                                                           | $ | 665,567 |  | $ | 258,918 |  | $ | (217,296 | ) | $ | 32,579 |  | $ | 739,768 |  | $ | (39,714 | ) | $ | 49,986 |  |

|     |                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Aggregate gross unrealized gain and loss for federal income tax purposes is $200,454 and $381,368, respectively. Net unrealized loss is $180,914 based on a tax cost of $3,249,907. |

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

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

|     |                                                                                                                                                                                       |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | As a result of the amendment of our Senior Secured Facility on April 24, 2015, the industry classifications were updated in the Schedule of Investments as of December 31, 2015. |

|      |                                               |
|------|-----------------------------------------------|
| (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). |

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|      |                                                                                                                                                                                                                                                                                            |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (15) | The investment has a put option attached to it and the combined instrument has been recorded in its entirety at fair value as a hybrid instrument in accordance with ASC 815-15-25-4 with subsequent changes in fair value charged or credited to investment gains/losses for each period. |

|      |                                                                                                                                                                                                                                                                                                                                                                       |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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. |

|      |                                                                                                                                                                                                          |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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 variable interest rate investments is at benchmark rate plus spread. The borrower has an option to choose the benchmark rate which can be LIBOR, prime, or any other similarly defined 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 reporting period. LIBOR loans are typically indexed to 30-day, 90-day, 180-day or 360-day LIBOR rates (1M L, 3M L, 6M L or 12M L, respectively), at the borrower’s option. Both LIBOR and prime loans are subject to interest floors. As of December 31, 2015, rates for 1M L, 3M L, 6M L and 12M L are 0.4295%, 0.6127%, 0.8461% and 1.1780%, 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. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (23) | As of December 31, 2015, 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                             | $ | 15,000 |  | $ | — |  | $ | — |  | $ | 15,000 |  |
| Canacol Energy Ltd.                          | 100,000 |  | 75,000 |  | — |  | 25,000 |  |
| CIT Group, Inc.                              | 25,000 |  | — |  | — |  | 25,000 |  |
| Confie Seguros Holding II Co.                | 4,500 |  | 1,220 |  | 86 |  | 3,194 |  |
| Merx Aviation Finance, LLC                   | 177 |  | — |  | 177 |  | — |  |
| Merx Aviation Finance Assets Ireland Limited | 3,600 |  | — |  | 3,600 |  | — |  |
| My Alarm Center, LLC                         | 25,816 |  | 15,321 |  | — |  | 10,495 |  |
| Tibco Software Inc.                          | 6,000 |  | 1,440 |  | — |  | 4,560 |  |
| Transfirst Holdings, Inc.                    | 3,000 |  | — |  | 57 |  | 2,943 |  |
| UniTek Global Services Inc.                  | 15,663 |  | — |  | 10,663 |  | 5,000 |  |
| Total Commitments                            | $ | 198,756 |  | $ | 92,981 |  | $ | 14,583 |  | $ | 91,192 |  |

|      |                                                                                                                                                                                                                                                                                                                                                                         |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (24) | As of December 31, 2015, Dynamic Product Tankers, LLC has various classes of limited liability interests outstanding of which 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 December 31, 2015, MSEA Tankers, LLC has 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. |

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|                                                                |  |
| Industry Classification                                        | Percentage of Total Investments (at Fair Value) as of December 31, 2015 |
| Business Services                                              | 17.1% |
| Aviation and Consumer Transport                                | 15.2% |
| Diversified Investment Vehicles, Banking, Finance, Real Estate | 13.9% |
| Energy – Oil & Gas                                   | 12.9% |
| Transportation – Cargo, Distribution                     | 9.1% |
| Energy – Electricity                                     | 5.4% |
| High Tech Industries                                           | 4.0% |
| Insurance                                                      | 2.6% |
| Hotel, Gaming, Leisure, Restaurants                            | 2.6% |
| Chemicals, Plastics & Rubber                               | 2.6% |
| Consumer Goods – Durable                                 | 2.5% |
| Telecommunications                                             | 1.9% |
| Containers, Packaging & Glass                              | 1.7% |
| Healthcare & Pharmaceuticals                               | 1.4% |
| Consumer Services                                              | 1.1% |
| Utilities – Electric                                     | 1.0% |
| Aerospace & Defense                                        | 0.9% |
| Education                                                      | 0.9% |
| Food & Grocery                                             | 0.9% |
| Environmental Industries                                       | 0.7% |
| Broadcasting & Subscription                                | 0.5% |
| Manufacturing, Capital Equipment                               | 0.4% |
| Retail                                                         | 0.3% |
| Metals & Mining                                            | 0.3% |
| Media – Diversified & Production                     | 0.1% |
| Total Investments                                              | 100.0% |

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Table of Contents

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|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                      |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| Non-Controlled/Non-Affiliated Investments—121.6% (10)                     |
| Corporate Debt—109.5%                                                     |
| Secured Debt—85.0%                                                        |
| First Lien Secured Debt (excluding Revolvers and Letters of Credit)—41.7% |
| Alion Science & Technology Corporation                                      |   |  11.000% (L+1000, 1.00% Floor) |   | 8/16/19 |   |  Aerospace and Defense |   | $ | 32,003 |  |   | $ | 31,038 |  |   | $ | 31,843 |  |
| Archroma (17)                                                                   |   |  9.500% (L+825, 1.25% Floor) |   | 10/1/18 |   |  Chemicals |   | 40,128 |  |   | 39,795 |  |   | 40,354 |  |
| Aventine Renewable Energy Holdings, Inc.                                        |   | 15.00% PIK or 10.50% Cash |   | 9/22/17 |   |  Chemicals |   | 15,742 |  |   | 18,031 |  |   | 14,601 |  |
| Aveta, Inc.                                                                     |   |  9.750% (L+825, 1.50% Floor) |   | 12/12/17 |   |  Healthcare |   | 53,296 |  |   | 52,331 |  |   | 43,169 |  |
| Caza Petroleum, Inc.                                                            |   |  12.000% (L+1000, 2.00% Floor) |   | 5/23/17 |   |  Oil and Gas |   | 45,000 |  |   | 43,992 |  |   | 42,660 |  |
| ChyronHego Corp.                                                                |   |  9.000% (L+800, 1.00% Floor) |   | 3/9/20 |   |  Business Services |   | 25,000 |  |   | 24,505 |  |   | 24,500 |  |
| CITGO Holding, Inc. (11)                                                        |   | 10.750% |   | 2/15/20 |   |  Energy |   | 25,000 |  |   | 23,792 |  |   | 25,781 |  |
| CITGO Holding, Inc.                                                             |   |  9.50% (L+850, 1.00% Floor) |   | 5/12/18 |   |  Energy |   | 19,435 |  |   | 18,306 |  |   | 19,344 |  |
| Deep Gulf Energy II, LLC                                                        |   |  14.000% (14.00% or L+1250, 1.50% Floor) |   | 3/31/17 |   |  Oil and Gas |   | 35,000 |  |   | 35,000 |  |   | 33,530 |  |
| Delta Educational Systems, Inc.                                                 |   | 16.00% (8.00% Cash / 8.00% PIK) |   | 12/11/16 |   |  Education |   | 5,892 |  |   | 5,892 |  |   | 5,892 |  |
| Dodge Data & Analytics LLC                                                  |   |  9.750% (L+875, 1.00% Floor) |   | 10/31/19 |   |  Printing and Publishing |   | 60,349 |  |   | 59,223 |  |   | 58,689 |  |
| Extraction Oil & Gas Holdings, LLC                                          |   | 10.00% & 11.00% |   | 5/29/19 |   |  Oil and Gas |   | 52,633 |  |   | 51,932 |  |   | 51,843 |  |
| Great Bear Petroleum Operating, LLC                                             |   | 12.000% |   | 10/1/17 |   |  Oil and Gas |   | 5,064 |  |   | 5,064 |  |   | 5,064 |  |
| Hunt Companies, Inc. (11)                                                       |   | 9.625% |   | 3/1/21 |   |  Buildings and Real Estate |   | 21,008 |  |   | 20,776 |  |   | 21,586 |  |
| Magnetation, LLC (11)                                                           |   | 11.000% |   | 5/15/18 |   |  Mining |   | 38,454 |  |   | 39,878 |  |   | 19,804 |  |
| Maxus Capital Carbon SPE I, LLC (Skyonic Corp.)                                 |   | 13.000% |   | 9/18/19 |   |  Chemicals |   | 73,104 |  |   | 73,104 |  |   | 73,104 |  |
| Molycorp, Inc. (17)                                                             |   | 10.000% |   | 6/1/20 |   |  Diversified Natural Resources, Precious Metals and Minerals |   | 42,977 |  |   | 42,699 |  |   | 22,276 |  |
| My Alarm Center, LLC (16)                                                       |   |  8.500% (L+750, 1.00% Floor) |   | 1/9/18 |   |  Business Services |   | 42,614 |  |   | 42,614 |  |   | 42,613 |  |
| My Alarm Center, LLC (16)                                                       |   |  8.500% (L+750, 1.00% Floor) |   | 1/9/18 |   |  Business Services |   | 12,731 |  |   | 12,731 |  |   | 12,731 |  |
| Osage Exploration & Development, Inc. (11)(17)                              |   |  13.000% (L+1100, 2.00% Floor) |   | 4/27/16 |   |  Oil and Gas |   | 25,000 |  |   | 24,741 |  |   | 23,600 |  |
| Pelican Energy, LLC (17)                                                        |   | 10.00% (7.00% Cash / 3.00% PIK) |   | 12/31/18 |   |  Oil and Gas |   | 26,957 |  |   | 26,057 |  |   | 25,340 |  |
| Saba Software, Inc.                                                             |   |  12.417% (L+1142, 1.00% Floor) |   | 3/26/21 |   |  Business Services |   | 10,000 |  |   | 10,000 |  |   | 9,850 |  |
| SCM Insurance Services, Inc. (17)                                               |   | 9.250% |   | 8/22/19 |   |  Business Services |   | C$ | 30,000 |  |   | 27,135 |  |   | 23,569 |  |
| Spotted Hawk Development, LLC                                                   |   | 13.00% (12.00% Cash / 1.00% PIK) |   | 9/12/16 |   |  Oil and Gas |   | 80,900 |  |   | 79,911 |  |   | 78,878 |  |
| Sunrun Solar Owner IX, LLC                                                      |   | 9.079% |   | 12/31/24 |   |  Energy |   | 3,424 |  |   | 3,284 |  |   | 3,527 |  |
| Telestream Holdings Corporation                                                 |   |  10.254% (L+925, 1.00% Floor) |   | 1/15/20 |   |  Business Services |   | 32,500 |  |   | 32,500 |  |   | 31,769 |  |
| UniTek Global Services Inc. (16)                                                |   |  9.500% (L+750, 1.00% PIK, 1.00% Floor) |   | 1/13/19 |   | Telecommunications |   | 21,442 |  |   | 21,442 |  |   | 21,442 |  |
| Total First Lien Secured Debt (excluding Revolvers and Letters of Credit)       |   |   |   | $ | 865,773 |  |   | $ | 807,359 |  |

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|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                               |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| Funded and Unfunded Revolver Obligations—1.7%      |
| Avaya, Inc., Revolver (16)                               |   |  2.92% (L+275, 0.17% Floor) / 5.00% (P+175, 3.25% Floor) Funded |   | 10/26/16 |   | Telecommunications |   | $ | 16,553 |  |   | $ | 16,553 |  |   | $ | 15,436 |  |
| Avaya, Inc., Unfunded Revolver (8)(16)                   |   | 0.50% Unfunded |   | 10/26/16 |   | Telecommunications |   | 10,431 |  |   | (3,181 | ) |   | (704 | ) |
| BMC Software, Inc., Unfunded Revolver (8)                |   | 0.50% Unfunded |   | 9/10/18 |   |  Business Services |   | 20,760 |  |   | (1,857 | ) |   | (1,868 | ) |
| CIT Group, Inc., Unfunded Revolver (8)(17)               |   |  L+275 |   | 1/27/17 |   |  Financial Services |   | 25,000 |  |   | (107 | ) |   | (1,250 | ) |
| Confie Seguros Holding II Co., Revolver (16)             |   | 4.67% (L+450, 0.17% Floor) / 6.75% (P+350, 3.25% Floor) Funded |   | 12/10/18 |   |  Insurance |   | 2,190 |  |   | 2,190 |  |   | 1,949 |  |
| Confie Seguros Holding II Co., Unfunded Revolver (8)(16) |   | 0.50% Unfunded |   | 12/10/18 |   |  Insurance |   | 1,625 |  |   | (340 | ) |   | (179 | ) |
| Laureate Education Inc., Revolver (16)(17)               |   |  5.000% (L+375, 1.25% Floor) Funded |   | 6/16/16 |   |  Education |   | 23,566 |  |   | 23,566 |  |   | 21,445 |  |
| Laureate Education, Inc., Unfunded Revolver (8)(16)(17)  |   | 0.625% Unfunded |   | 6/16/16 |   |  Education |   | 5,212 |  |   | (1,833 | ) |   | (469 | ) |
| Salix Pharmaceuticals, Ltd., Unfunded Revolver (16)(17)  |   | 0.50% Unfunded |   | 1/2/19 |   |  Healthcare |   | 24,867 |  |   | (1,519 | ) |   | — |  |
| Tibco Software Inc., Unfunded Revolver (8)               |   | 0.50% Unfunded |   | 12/5/19 |   |  Business Services |   | 6,000 |  |   | (56 | ) |   | (30 | ) |
| Transfirst Holdings, Inc., Unfunded Revolver (8)(16)     |   | 0.50% Unfunded |   | 11/12/19 |   |  Financial Services |   | 2,943 |  |   | (14 | ) |   | (88 | ) |
| UniTek Global Services, Inc., Unfunded Revolver (16)     |   | 0.50% Unfunded |   | 1/13/19 |   | Telecommunications |   | 5,000 |  |   | 241 |  |   | — |  |
| Walter Energy, Inc., Unfunded Revolver (8)(16)(17)       |   |  0.625% Unfunded |   | 10/1/17 |   |  Mining |   | 275 |  |   | (176 | ) |   | (48 | ) |
| Total Funded and Unfunded Revolver Obligations           |   |   |   |   |   |   |   | $ | 33,467 |  |   | $ | 34,194 |  |
| Letters of Credit—(0.0)%                           |
| Avaya, Inc., Letter of Credit (8)(9)(16)                 |   | 2.750% |   | 10/30/15- 4/6/16 |   | Telecommunications |   | $ | 9,800 |  |   | $ | — |  |   | $ | (662 | ) |
| Confie Seguros Holding II Co., Letter of Credit (8)(16)  |   | 4.500% |   | 10/27/15 |   |  Insurance |   | 600 |  |   | — |  |   | (66 | ) |
| Confie Seguros Holding II Co., Letter of Credit (8)(16)  |   | 4.500% |   | 1/13/16 |   |  Insurance |   | 85 |  |   | — |  |   | (9 | ) |
| Laureate Education Inc., Letter of Credit (8)(16)(17)    |   | 3.750% |   | 6/16/16 |   |  Education |   | 101 |  |   | — |  |   | (9 | ) |
| Salix Pharmaceuticals, Ltd., Letter of Credit (16)(17)   |   | 3.000% |   | 2/10/16 |   |  Healthcare |   | 8 |  |   | — |  |   | — |  |
| Salix Pharmaceuticals, Ltd., Letter of Credit (16)(17)   |   | 3.000% |   | 2/10/16 |   |  Healthcare |   | 125 |  |   | — |  |   | — |  |
| Transfirst Holdings, Inc., Letter of Credit (8)(16)      |   | 4.500% |   | 11/12/19 |   |  Financial Services |   | 57 |  |   | — |  |   | (2 | ) |
| UniTek Global Services Inc., Letter of Credit (16)       |   | 7.500% |   | 1/13/19 |   | Telecommunications |   | 17,946 |  |   | — |  |   | — |  |
| UniTek Global Services Inc., Letter of Credit (16)       |   | 7.500% |   | 1/13/19 |   | Telecommunications |   | 1,850 |  |   | — |  |   | — |  |
| Walter Energy, Inc., Letter of Credit (8)(9)(16)(17)     |   | 5.500% |   | 9/18/15- 7/4/16 |   |  Mining |   | 86 |  |   | — |  |   | (15 | ) |
| Walter Energy, Inc., Letter of Credit (8)(9)(16)(17)     |   | 5.500% |   | 8/31/15- 11/28/15 |   |  Mining |   | C$ | 192 |  |   | — |  |   | (27 | ) |
| Total Letters of Credit                                  |   |   |   |   |   |   |   | $ | — |  |   | $ | (790 | ) |
| Total First Lien Secured Debt                            |   |   |   |   |   |   |   | $ | 899,240 |  |   | $ | 840,763 |  |

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|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                       |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| Second Lien Secured Debt—41.6%                             |
| Access CIG, LLC                                                  |   |  9.750% (L+875, 1.00% Floor) |   | 10/17/22 |   |  Business Services |   | $ | 25,600 |  |   | $ | 24,103 |  |   | $ | 24,192 |  |
| Active Network, Inc.                                             |   |  9.500% (L+850, 1.00% Floor) |   | 11/15/21 |   |  Business Services |   | 19,672 |  |   | 19,586 |  |   | 19,082 |  |
| Appriss Holdings, Inc.                                           |   |  9.250% (L+825, 1.00% Floor) |   | 5/21/21 |   |  Business Services |   | 25,000 |  |   | 24,641 |  |   | 25,000 |  |
| Armor Holdings, Inc. (American Stock Transfer and Trust Company) |   |  10.250% (L+900, 1.25% Floor) |   | 12/26/20 |   |  Financial Services |   | 8,000 |  |   | 7,867 |  |   | 7,760 |  |
| Asurion Corporation                                              |   |  8.500% (L+750, 1.00% Floor) |   | 3/3/21 |   |  Insurance |   | 40,622 |  |   | 40,163 |  |   | 40,876 |  |
| Confie Seguros Holding II Co.                                    |   |  10.250% (L+900, 1.25% Floor) |   | 5/8/19 |   |  Insurance |   | 28,844 |  |   | 28,691 |  |   | 28,844 |  |
| Consolidated Precision Products Corp.                            |   |  8.750% (L+775, 1.00% Floor) |   | 4/30/21 |   |  Aerospace and Defense |   | 1,940 |  |   | 1,932 |  |   | 1,930 |  |
| Deltek, Inc.                                                     |   |  10.000% (L+875, 1.25% Floor) |   | 10/10/19 |   |  Business Services |   | 17,273 |  |   | 17,137 |  |   | 17,424 |  |
| Elements Behavioral Health, Inc.                                 |   |  9.750% (L+875, 1.00% Floor) |   | 2/11/20 |   |  Healthcare |   | 9,500 |  |   | 9,420 |  |   | 9,434 |  |
| Garden Fresh Restaurant Corp. (16)                               |   |  7.750% (L+625 PIK, 1.50% Floor) |   | 1/1/19 |   |  Restaurants |   | 8,250 |  |   | 6,522 |  |   | 5,775 |  |
| Garden Fresh Restaurant Corp. (16)                               |   | 15.000% (L+1350 PIK, 1.50% Floor) |   | 1/1/19 |   |  Restaurants |   | 39,921 |  |   | 38,064 |  |   | 35,529 |  |
| GCA Services Group, Inc.                                         |   |  9.250% (L+800, 1.25% Floor) |   | 11/1/20 |   |  Diversified Service |   | 17,838 |  |   | 17,961 |  |   | 17,882 |  |
| Grocery Outlet, Inc.                                             |   |  9.250% (L+825, 1.00% Floor) |   | 10/21/22 |   |  Grocery |   | 28,000 |  |   | 27,592 |  |   | 27,580 |  |
| GTCR Valor Companies, Inc.                                       |   |  9.500% (L+850, 1.00% Floor) |   | 11/30/21 |   |  Business Services |   | 35,000 |  |   | 34,666 |  |   | 33,775 |  |
| Institutional Shareholder Services, Inc.                         |   |  8.500% (L+750, 1.00% Floor) |   | 4/30/22 |   |  Financial Services |   | 6,640 |  |   | 6,579 |  |   | 6,540 |  |
| Kronos, Inc.                                                     |   |  9.750% (L+850, 1.25% Floor) |   | 4/30/20 |   |  Business Services |   | 13,525 |  |   | 13,466 |  |   | 13,931 |  |
| Miller Energy Resources, Inc. (17)                               |   |  14.750% (9.750% Cash / 2.000% PIK, 3.00% Floor) |   | 2/3/18 |   |  Oil and Gas |   | 88,123 |  |   | 88,123 |  |   | 82,527 |  |
| MSC Software Corp. (17)                                          |   |  8.500% (L+750, 1.00% Floor) |   | 5/28/21 |   |  Business Services |   | 13,448 |  |   | 13,320 |  |   | 13,246 |  |
| Novolex Holdings, Inc.                                           |   |  9.750% (L+875, 1.00% Floor) |   | 6/5/22 |   | Packaging |   | 42,045 |  |   | 41,013 |  |   | 42,150 |  |
| Pabst Brewing Company                                            |   | 9.25% (L+825, 1.00% Floor) |   | 11/14/22 |   |  Consumer Products |   | 27,000 |  |   | 26,665 |  |   | 27,203 |  |
| Premier Trailer Leasing, Inc.                                    |   |  10.000% (L+900, 1.00% Floor) |   | 9/24/20 |   |  Financial Services |   | 52,000 |  |   | 51,029 |  |   | 52,000 |  |
| River Cree Enterprises LP (11)(17)                               |   | 11.000% |   | 1/20/21 |   |  Hotels, Motels, Inns and Gaming |   | C$ | 33,000 |  |   | 31,111 |  |   | 26,952 |  |
| SiTV, Inc. (11)                                                  |   | 10.375% |   | 7/1/19 |   |  Cable Television |   | 2,219 |  |   | 2,219 |  |   | 2,003 |  |
| SMG                                                              |   |  9.250% (L+825, 1.00% Floor) |   | 2/27/21 |   |  Business Services |   | 19,900 |  |   | 19,900 |  |   | 20,000 |  |
| Sprint Industrial Holdings, LLC                                  |   |  11.250% (L+1000, 1.25% Floor) |   | 11/14/19 |   |  Containers, Packaging, and Glass |   | 14,163 |  |   | 13,959 |  |   | 13,526 |  |
| SquareTwo Financial Corp. (Collect America, Ltd.) (17)           |   | 11.625% |   | 4/1/17 |   |  Financial Services |   | 65,152 |  |   | 64,316 |  |   | 58,420 |  |
| TASC, Inc.                                                       |   | 12.000% |   | 5/21/21 |   |  Aerospace and Defense |   | 21,815 |  |   | 21,028 |  |   | 23,178 |  |
| TMK Hawk Parent Corp.                                            |   |  8.500% (L+750, 1.00% Floor) |   | 10/1/22 |   |  Distribution |   | 34,000 |  |   | 33,675 |  |   | 34,000 |  |

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|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                        |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| Transfirst Holdings, Inc.                                         |   |  9.000% (L+800, 1.00% Floor) |   | 11/11/22 |   |  Financial Services |   | $ | 11,340 |  |   | $ | 11,221 |  |   | $ | 11,404 |  |
| UniTek Global Services Inc. (16)                                  |   |  8.500% (L+750, 1.00% Floor) |   | 1/13/19 |   | Telecommunications |   | 32,367 |  |   | 32,367 |  |   | 30,748 |  |
| Velocity Technology Solutions, Inc.                               |   |  9.000% (L+775, 1.25% Floor) |   | 9/28/20 |   |  Business Services |   | 16,500 |  |   | 16,209 |  |   | 16,005 |  |
| Vertafore, Inc.                                                   |   |  9.750% (L+825, 1.50% Floor) |   | 10/27/17 |   |  Business Services |   | 36,436 |  |   | 36,295 |  |   | 36,709 |  |
| Total Second Lien Secured Debt                                    |   |   |   | $ | 820,840 |  |   | $ | 805,625 |  |
| Total Secured Debt                                                |   |   |   | $ | 1,720,080 |  |   | $ | 1,646,388 |  |
| Unsecured Debt—24.5%                                        |
| American Energy - Woodford LLC/AEW Finance Corp. (11)             |   | 9.000% |   | 9/15/22 |   |  Oil and Gas |   | $ | 5,000 |  |   | $ | 4,805 |  |   | $ | 2,850 |  |
| American Tire Distributors, Inc. (11)                             |   | 10.250% |   | 3/1/22 |   |  Distribution |   | 24,281 |  |   | 24,281 |  |   | 25,252 |  |
| Artsonig Pty Ltd. (11)(17)                                        |   |  11.50% (12.00% PIK Toggle) |   | 4/1/19 |   |  Transportation |   | 21,227 |  |   | 20,974 |  |   | 17,830 |  |
| BCA Osprey II Limited (British Car Auctions) (16)(17)             |   |  12.50% PIK |   | 8/17/17 |   |  Transportation |   | £ | 23,566 |  |   | 37,704 |  |   | 36,033 |  |
| BCA Osprey II Limited (British Car Auctions) (16)(17)             |   |  12.50% PIK |   | 8/17/17 |   |  Transportation |   | € | 14,333 |  |   | 19,779 |  |   | 15,855 |  |
| Canacol Energy Ltd. (17)                                          |   |  9.500% (L+850, 1.00% Floor) |   | 12/31/19 |   |  Oil and Gas |   | 50,000 |  |   | 48,595 |  |   | 47,625 |  |
| Ceridian Corp. (11)                                               |   | 11.000% |   | 3/15/21 |   |  Diversified Service |   | 16,760 |  |   | 16,760 |  |   | 17,430 |  |
| Delta Educational Systems, Inc.                                   |   |  16.00% PIK or 10.00% Cash / 6.00% PIK |   | 5/12/17 |   |  Education |   | 24,172 |  |   | 23,929 |  |   | 21,416 |  |
| Denver Parent Corp. (Venoco) (13)(14)(16)                         |   |  12.25% (13.00% PIK Toggle) |   | 8/15/18 |   |  Oil and Gas |   | 9,572 |  |   | 9,411 |  |   | 1,460 |  |
| GenCorp, Inc. (17)                                                |   |  9.500% (L+850, 1.00% Floor) |   | 4/18/22 |   |  Aerospace and Defense |   | 40,500 |  |   | 40,500 |  |   | 40,500 |  |
| My Alarm Center, LLC                                              |   |  16.25% (12.00% Cash / 4.25 %PIK) |   | 7/9/18 |   |  Business Services |   | 4,236 |  |   | 4,236 |  |   | 4,236 |  |
| PetroBakken Energy Ltd. (11)(17)                                  |   | 8.625% |   | 2/1/20 |   |  Oil and Gas |   | 34,980 |  |   | 35,972 |  |   | 25,361 |  |
| Radio One, Inc. (11)(17)                                          |   | 9.250% |   | 2/15/20 |   |  Broadcasting & Entertainment |   | 15,804 |  |   | 15,709 |  |   | 15,160 |  |
| Sorenson Holdings, LLC (11)                                       |   |  13.00% PIK |   | 10/31/21 |   |  Consumer Products |   | 68 |  |   | 45 |  |   | 68 |  |
| Tibco Software Inc. (11)                                          |   | 11.375% |   | 12/1/21 |   |  Business Services |   | 11,389 |  |   | 11,069 |  |   | 11,595 |  |
| U.S. Security Associates Holdings, Inc.                           |   | 11.000% |   | 7/28/18 |   |  Business Services |   | 135,000 |  |   | 135,000 |  |   | 137,700 |  |
| UniTek Global Services Inc.                                       |   | 15.000% |   | 7/13/2019 |   | Telecommunications |   | 6,565 |  |   | 6,565 |  |   | 6,565 |  |
| Univar, Inc.                                                      |   | 10.500% |   | 6/30/2018 |   |  Distribution |   | 20,000 |  |   | 20,000 |  |   | 19,900 |  |
| Venoco, Inc. (16)                                                 |   | 8.875% |   | 2/15/2019 |   |  Oil and Gas |   | 54,996 |  |   | 55,032 |  |   | 28,598 |  |
| Total Unsecured Debt                                              |   |   |   |   |   |   |   | $ | 530,366 |  |   | $ | 475,434 |  |
| Total Corporate Debt                                              |   |   |   |   |   |   |   | $ | 2,250,446 |  |   | $ | 2,121,822 |  |
| Structured Products and Other—9.0%                          |
| Asset Repackaging Trust Six B.V., Credit-Linked Note (11)(17)(20) |   | N/A |   | 5/18/2027 |   |  Utilities |   | $ | 58,411 |  |   | $ | 24,994 |  |   | $ | 36,731 |  |
| Craft 2013-1, Credit-Linked Note (11)(16)(17)                     |   |  9.503% (L+925) |   | 4/17/2022 |   |  Diversified Investment Vehicle |   | 25,000 |  |   | 25,092 |  |   | 24,282 |  |
| Craft 2013-1, Credit-Linked Note (16)(17)                         |   |  9.503% (L+925) |   | 4/17/2022 |   |  Diversified Investment Vehicle |   | 7,625 |  |   | 7,753 |  |   | 7,412 |  |
| Craft 2014-1A, Credit-Linked Note (11)(17)                        |   |  9.882% (L+965) |   | 5/15/2021 |   |  Diversified Investment Vehicle |   | 42,500 |  |   | 42,460 |  |   | 41,898 |  |
| Dark Castle Holdings, LLC                                         |   | N/A |   | N/A |   |  Media |   | 24,395 |  |   | 1,189 |  |   | 2,565 |  |

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|                                                                                                  |
|--------------------------------------------------------------------------------------------------|
|                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                                       |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| JP Morgan Chase & Co., Credit-Linked Note (17)                                               |   |  12.520% (L+1225) |   | 12/20/2021 |   |  Diversified Investment Vehicle |   | $ | 43,250 |  |   | $ | 42,053 |  |   | $ | 42,700 |  |
| NXT Capital CLO 2014-1, LLC, Class E Notes (11)(17)                                              |   |  5.731% (L+550) |   | 4/23/2026 |   |  Diversified Investment Vehicle |   | 5,000 |  |   | 4,670 |  |   | 4,350 |  |
| Renaissance Umiat, LLC, ACES Tax Receivable (15)(17)                                             |   | N/A |   | N/A |   |  Oil and Gas |   | — |  |   | 13,014 |  |   | 14,432 |  |
| Total Structured Products and Other                                                              |   |   |   |   |   |   |   | $ | 161,225 |  |   | $ | 174,370 |  |
| Preferred Equity—1.6%                                                                      |   | Shares |   |   |   |   |
| CA Holding, Inc. (Collect America, Ltd.), Series A Preferred Stock (13)(17)                      |   | N/A |   | N/A |   |  Financial Services |   | 32,961 |  |   | $ | 788 |  |   | $ | 297 |  |
| Crowley Holdings, Series A Preferred Stock (11)                                                  |   |  12.00% (10.00% Cash / 2.00% PIK) |   | N/A |   |  Cargo Transport |   | 22,500 |  |   | 23,079 |  |   | 23,645 |  |
| Gryphon Colleges Corp. (Delta Educational Systems, Inc.), Preferred Stock (Convertible) (13)(14) |   |  12.50% PIK |   | N/A |   |  Education |   | 332,500 |  |   | 6,863 |  |   | — |  |
| Gryphon Colleges Corp. (Delta Educational Systems, Inc.), Preferred Stock (13)(14)               |   |  13.50% PIK |   | 5/12/2018 |   |  Education |   | 12,360 |  |   | 27,685 |  |   | 1,613 |  |
| Varietal Distribution Holdings, LLC, Class A Preferred Unit                                      |   |  8.00% PIK |   | N/A |   |  Distribution |   | 3,097 |  |   | 5,724 |  |   | 5,655 |  |
| Total Preferred Equity                                                                           |   |   |   |   |   |   |   | $ | 64,139 |  |   | $ | 31,210 |  |
| Equity—1.5%                                                                                |
| Common Equity/Interests—1.2%                                                               |   | Shares |   |   |   |   |
| ATD Corporation (Accelerate Parent Corp.), Common Stock (11)                                     |   | N/A |   | N/A |   |  Distribution |   | 1,664,046 |  |   | $ | 1,714 |  |   | $ | 2,690 |  |
| CA Holding, Inc. (Collect America, Ltd.), Series A Common Stock (13)(17)                         |   | N/A |   | N/A |   |  Financial Services |   | 25,000 |  |   | 2,500 |  |   | — |  |
| CA Holding, Inc. (Collect America, Ltd.), Series AA Common Stock (13)(17)                        |   | N/A |   | N/A |   |  Financial Services |   | 4,294 |  |   | 429 |  |   | — |  |
| Caza Petroleum, Inc., Net Profits Interest (13)                                                  |   | N/A |   | N/A |   |  Oil and Gas |   | — |  |   | 1,202 |  |   | 1,290 |  |
| Caza Petroleum, Inc., Overriding Royalty Interest                                                |   | N/A |   | N/A |   |  Oil and Gas |   | — |  |   | 340 |  |   | 235 |  |
| Clothesline Holdings, Inc. (Angelica Corporation), Common Stock (13)                             |   | N/A |   | N/A |   |  Healthcare |   | 6,000 |  |   | 6,000 |  |   | 519 |  |
| Explorer Coinvest, LLC (Booz Allen), Common Stock (17)                                           |   | N/A |   | N/A |   |  Business Services |   | 192 |  |   | 1,468 |  |   | 5,162 |  |
| Garden Fresh Restaurant Holdings, LLC, Common Stock (13)                                         |   | N/A |   | N/A |   |  Restaurants |   | 50,000 |  |   | 5,000 |  |   | — |  |
| Gryphon Colleges Corp. (Delta Educational Systems, Inc.), Common Stock (13)                      |   | N/A |   | N/A |   |  Education |   | 17,500 |  |   | 175 |  |   | — |  |
| JV Note Holdco, LLC (DSI Renal, Inc.), Common Equity / Interest (13)                             |   | N/A |   | N/A |   |  Healthcare |   | 9,303 |  |   | 85 |  |   | — |  |
| Pelican Energy, LLC, Net Profits Interest (13)(17)                                               |   | N/A |   | N/A |   |  Oil and Gas |   | — |  |   | 1,061 |  |   | 272 |  |
| Skyline Data, News and Analytics LLC, Class A Common Unit (13)                                   |   | N/A |   | N/A |   |  Printing and Publishing |   | 4,500 |  |   | 4,500 |  |   | 4,500 |  |
| Sorenson Holdings, LLC, Membership Interests (13)                                                |   | N/A |   | N/A |   |  Consumer Products |   | 587 |  |   | — |  |   | 81 |  |
| Univar, Inc., Common Stock (13)                                                                  |   | N/A |   | N/A |   |  Distribution |   | 900,000 |  |   | 9,000 |  |   | 9,320 |  |
| Varietal Distribution Holdings, LLC, Class A Common Unit (13)                                    |   | N/A |   | N/A |   |  Distribution |   | 28,028 |  |   | 28 |  |   | — |  |
| Total Common Equity/Interests                                                                    |   |   |   |   |   |   |   | $ | 33,502 |  |   | $ | 24,069 |  |

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|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                                        |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| Warrants—0.3%                                                                               |   |   |   |   |   |   |   | Warrants |   |   |   |   |
| CA Holding, Inc. (Collect America, Ltd.), Common Stock Warrants (13)(17)                          |   | N/A |   | N/A |   |  Financial Services |   | 12,255 |  |   | $ | 8 |  |   | $ | — |  |
| Energy & Exploration Partners, Inc., Common Stock Warrants (13)                               |   | N/A |   | N/A |   |  Oil and Gas |   | 60,778 |  |   | 2,374 |  |   | 58 |  |
| Fidji Luxco (BC) S.C.A., Common Stock Warrants (2)(13)(17)                                        |   | N/A |   | N/A |   |  Electronics |   | 18,113 |  |   | 182 |  |   | 3,950 |  |
| Gryphon Colleges Corp. (Delta Educational Systems, Inc.), Class A-1 Preferred Stock Warrants (13) |   | N/A |   | N/A |   |  Education |   | 45,947 |  |   | 459 |  |   | — |  |
| Gryphon Colleges Corp. (Delta Educational Systems, Inc.), Class B-1 Preferred Stock Warrants (13) |   | N/A |   | N/A |   |  Education |   | 104,314 |  |   | 1,043 |  |   | — |  |
| Gryphon Colleges Corp. (Delta Educational Systems, Inc.), Common Stock Warrants (13)              |   | N/A |   | N/A |   |  Education |   | 9,820 |  |   | 98 |  |   | — |  |
| Osage Exploration & Development, Inc., Common Stock Warrants (13)(17)                         |   | N/A |   | N/A |   |  Oil and Gas |   | 1,496,843 |  |   | — |  |   | 222 |  |
| Spotted Hawk Development, LLC, Common Stock Warrants (13)                                         |   | N/A |   | N/A |   |  Oil and Gas |   | 54,545 |  |   | 852 |  |   | 1,341 |  |
| Total Warrants                                                                                    |   |   |   | $ | 5,016 |  |   | $ | 5,571 |  |
| Total Equity                                                                                      |   |   |   | $ | 38,518 |  |   | $ | 29,640 |  |
| Total Non-Controlled/Non-Affiliated Investments                                                   |   |   |   | $ | 2,514,328 |  |   | $ | 2,357,042 |  |

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|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                                                    |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| Non-Controlled/Affiliated Investments—16.9% (4)(10)                                     |
| Corporate Debt—0.0%                                                                     |
| Secured Debt—0.0%                                                                       |
| First Lien Secured Debt—0.0%                                                            |
| Renewable Funding Group, Inc., (4)(13)                                                        |   | 0.00% |   | 9/30/15 |   | Finance |   | $ | 1,000 |  |   | $ | 1,000 |  |   | $ | 1,000 |  |
| Total First Lien Secured Debt                                                                 |   |   |   | $ | 1,000 |  |   | $ | 1,000 |  |
| Total Secured Debt                                                                            |   |   |   | $ | 1,000 |  |   | $ | 1,000 |  |
| Total Corporate Debt                                                                          |   |   |   | $ | 1,000 |  |   | $ | 1,000 |  |
| Structured Products and Other—10.3%                                                     |
| Golden Bear Warehouse, LLC, Equity (3)(4)(17)                                                 |   | N/A |   | N/A |   |  Diversified Investment Vehicle |   | $ | 4,234 |  |   | $ | 4,234 |  |   | $ | 6,833 |  |
| Golden Hill CLO I, LLC, Equity (3)(4)(17)                                                     |   | N/A |   | N/A |   |  Diversified Investment Vehicle |   | 70,944 |  |   | 71,478 |  |   | 73,587 |  |
| Highbridge Loan Management 3-2014, Ltd., Class E Notes (3)(4)(11)(17)                         |   |  6.257% (L+600) |   | 1/18/25 |   |  Diversified Investment Vehicle |   | 2,485 |  |   | 2,277 |  |   | 2,121 |  |
| Highbridge Loan Management 3-2014, Ltd., Subordinated Notes (3)(4)(11)(17)                    |   | N/A |   | 1/18/25 |   |  Diversified Investment Vehicle |   | 8,163 |  |   | 6,537 |  |   | 6,722 |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd, Subordinated Notes (3)(4)(11)(17)                 |   | N/A |   | 10/18/25 |   |  Diversified Investment Vehicle |   | 12,500 |  |   | 11,375 |  |   | 11,375 |  |
| Jamestown CLO I LTD, Subordinated Notes (3)(4)(11)(17)                                        |   | N/A |   | 11/5/24 |   |  Diversified Investment Vehicle |   | 4,325 |  |   | 3,432 |  |   | 3,698 |  |
| MCF CLO I, LLC, Membership Interests (3)(4)(11)(17)                                           |   | N/A |   | 4/20/23 |   |  Diversified Investment Vehicle |   | 38,918 |  |   | 35,087 |  |   | 38,490 |  |
| MCF CLO III, LLC, Class E Notes (3)(4)(11)(17)                                                |   |  4.681% (L+445) |   | 1/20/24 |   |  Diversified Investment Vehicle |   | 12,750 |  |   | 11,456 |  |   | 11,220 |  |
| MCF CLO III, LLC, Membership Interests (3)(4)(11)(17)                                         |   | N/A |   | 1/20/24 |   |  Diversified Investment Vehicle |   | 41,900 |  |   | 36,957 |  |   | 38,984 |  |
| Slater Mill Loan Fund LP, LP Certificates (3)(4)(17)                                          |   | N/A |   | N/A |   |  Diversified Investment Vehicle |   | 8,375 |  |   | 5,755 |  |   | 6,968 |  |
| Total Structured Products and Other                                                           |   |   |   |   |   |   |   | $ | 188,588 |  |   | $ | 199,998 |  |
| Preferred Equity—3.9%                                                                   |   | Shares |   |   |   |   |
| AMP Solar (UK) Limited, Class A Preference Shares (2)(5)(17)(21)                              |   | 8.500% |   | 10/31/49 |   |  Utilities |   | 43,277,916 |  |   | $ | 66,354 |  |   | $ | 65,171 |  |
| Renewable Funding Group, Inc., Series B Preferred Stock (4)(13)                               |   | N/A |   | N/A |   | Finance |   | 1,505,868 |  |   | 7,461 |  |   | 9,309 |  |
| Total Preferred Equity                                                                        |   |   |   |   |   |   |   | $ | 73,815 |  |   | $ | 74,480 |  |
| Equity—2.7%                                                                             |
| Common Equity/Interests—2.7%                                                            |   | Shares |   |   |   |   |
| AMP Solar Group, Inc., Class A Common Shares (3)(4)(17)                                       |   | N/A |   | N/A |   | Energy |   | 81,493 |  |   | $ | 3,500 |  |   | $ | 3,500 |  |
| Generation Brands Holdings, Inc. (Quality Home Brands), Basic Common Stock (3)(4)(13)(18)     |   | N/A |   | N/A |   |  Home and Office Furnishings and Durable Consumer Products |   | 9,007 |  |   | — |  |   | 6,699 |  |
| Generation Brands Holdings, Inc. (Quality Home Brands), Series 2L Common Stock (3)(4)(13)(18) |   | N/A |   | N/A |   |  Home and Office Furnishings and Durable Consumer Products |   | 36,700 |  |   | 11,242 |  |   | 27,294 |  |
| Generation Brands Holdings, Inc. (Quality Home Brands), Series H Common Stock (3)(4)(13)(18)  |   | N/A |   | N/A |   |  Home and Office Furnishings and Durable Consumer Products |   | 7,500 |  |   | 2,298 |  |   | 5,578 |  |
| LVI Group Investments, LLC, Common Units (3)(4)(13)(19)                                       |   | N/A |   | N/A |   |  Environmental Services |   | 212,460 |  |   | 17,505 |  |   | 8,669 |  |
| Total Common Equity/Interests                                                                 |   |   |   | $ | 34,545 |  |   | $ | 51,740 |  |
| Total Equity                                                                                  |   |   |   | $ | 34,545 |  |   | $ | 51,740 |  |
| Total Non-Controlled/Affiliated Investments                                                   |   |   |   | $ | 297,948 |  |   | $ | 327,218 |  |

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|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment                                                         |   | Interest Rate |   | Maturity Date |   | Industry |   | Par (12) |   | Cost |   | Fair Value (1) |
| Controlled Investments—34.4% (5)(10)                         |
| Corporate Debt—18.2%                                         |
| Secured Debt—18.2%                                           |
| First Lien Secured Debt—18.2%                                |
| Merx Aviation Finance, LLC, Revolver (5)(16)                       |   | 12.00% Funded |   | 10/31/18 |   | Aviation |   | $ | 352,084 |  |   | $ | 352,084 |  |   | $ | 352,084 |  |
| Total First Lien Secured Debt                                      |   |   |   |   |   |   |   | $ | 352,084 |  |   | $ | 352,084 |  |
| Unfunded Revolver Obligation—0.0%                            |
| Merx Aviation Finance, LLC, Unfunded Revolver (5)(16)              |   | 12.00% Funded, 0.00% Unfunded |   | 10/31/18 |   | Aviation |   | $ | 47,916 |  |   | $ | — |  |   | $ | — |  |
| Total Unfunded Revolver Obligation                                 |   |   |   |   |   |   |   | $ | — |  |   | $ | — |  |
| Letters of Credit—0.0%                                       |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit (5) |   | 2.250% |   | 9/30/15 |   | Aviation |   | $ | 1,800 |  |   | $ | — |  |   | $ | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit (5) |   | 2.250% |   | 9/30/15 |   | Aviation |   | 1,800 |  |   | — |  |   | — |  |
| Total Letters of Credit                                            |   |   |   | $ | — |  |   | $ | — |  |
| Total Secured Debt                                                 |   |   |   | $ | 352,084 |  |   | $ | 352,084 |  |
| Total Corporate Debt                                               |   |   |   | $ | 352,084 |  |   | $ | 352,084 |  |
| Preferred Equity—3.1%                                        |   | Shares |   |   |   |   |
| PlayPower Holdings, Inc., Series A Preferred (5)                   |   | 14.00% PIK |   | 11/15/20 |   | Leisure |   | 49,178 |  |   | $ | 59,411 |  |   | $ | 59,411 |  |
| Total Preferred Equity                                             |   |   |   |   |   |   |   | $ | 59,411 |  |   | $ | 59,411 |  |
| Equity—13.1%                                                 |
| Common Equity/Interests—13.1%                                |   | Shares |   |   |   |   |
| Merx Aviation Finance, LLC, Membership Interest (5)(13)            |   | N/A |   | N/A |   |  Aviation |   | — |  |   | $ | 152,082 |  |   | $ | 165,172 |  |
| MSEA Tankers LLC, Membership Interest (5)(17)                      |   | N/A |   | N/A |   | Cargo Transport |   | — |  |   | 33,000 |  |   | 33,000 |  |
| PlayPower Holdings, Inc., Common Stock (5)(13)                     |   | N/A |   | N/A |   |  Leisure |   | 1,000 |  |   | 77,722 |  |   | 55,900 |  |
| Total Common Equity/Interests                                      |   |   |   |   |   |   |   | $ | 262,804 |  |   | $ | 254,072 |  |
| Total Equity                                                       |   |   |   | $ | 262,804 |  |   | $ | 254,072 |  |
| Total Controlled Investments                                       |   |   |   | $ | 674,299 |  |   | $ | 665,567 |  |
|                                                               |   |   |   |   |   |   |
| Total Investments—172.9% (6)(7)                              |   |   |   | $ | 3,486,575 |  |   | $ | 3,349,827 |  |
|                                                               |   |   |   |   |   |   |
| Liabilities in Excess of Other Assets—(72.9)%                |   |   |   |   |   | $ | (1,412,219 | ) |
| Net Assets—100.0%                                            |   |   |   |   |   | $ | 1,937,608 |  |

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

|     |                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------|
| (2) | Fidji Luxco (BC) S.C.A. is a EUR denominated investment and AMP Solar (UK) Limited is a GBP denominated investment. |

|     |                                                                                                                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Denotes investments where the governing documents of the entity preclude the Company from controlling management of the entity and therefore the Company has determined that the entity is not a controlled affiliate. |

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|     |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Denotes investments in which we are an “Affiliated Person,” as defined in the 1940 Act, due to owning or holding the power to vote 5% or more of the outstanding voting securities of the investment but not controlling the company. Fair value as of March 31, 2015 and March 31, 2014 along with transactions during the fiscal year ended March 31, 2015 in these Affiliated investments are as follows: |

|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                                        | Fair Value at March 31, 2014 | Gross Additions (Cost) ● | Gross Reductions (Cost) ■ | Change in Unrealized Gain (Loss) | Fair Value at March 31, 2015 | Net Realized Gain (Loss) | Interest/Dividend/ Other Income |
| AMP Solar Group, Inc., Class A Common Shares                                         | $ | — |  | $ | 3,500 |  | $ | — |  | $ | — |  | $ | 3,500 |  | $ | — |  | $ | — |  |
| AMP Solar Group, Inc., 15.000%, 7/7/15                                               | — |  | 3,619 |  | (3,619 | ) | — |  | — |  | (57 | ) | 53 |  |
| AMP Solar (UK) Limited, Class A Preference Shares (21)                               | — |  | 66,355 |  | — |  | (1,184 | ) | 65,171 |  | — |  | 1,580 |  |
| Aventine Renewable Energy Holdings, Inc., 15.00% (12.00% Cash / 3.00% PIK), 9/23/16  | 2,405 |  | 21 |  | (2,642 | ) | 216 |  | — |  | 116 |  | 184 |  |
| Aventine Renewable Energy Holdings, Inc., 10.50% Cash or 15.00% PIK, 9/22/17         | 8,884 |  | 1,481 |  | (15,306 | ) | 4,941 |  | — |  | — |  | 1,496 |  |
| Aventine Renewable Energy Holdings, Inc., 25.00% PIK, 9/24/16                        | 3,769 |  | 238 |  | (4,007 | ) | — |  | — |  | — |  | 433 |  |
| Aventine Renewable Energy Holdings, Inc., Common Stock                               | 99 |  | — |  | (688 | ) | 589 |  | — |  | 1,804 |  | — |  |
| Aventine Renewable Energy Holdings, Inc., Common Stock Warrants                      | 574 |  | — |  | (3,996 | ) | 3,422 |  | — |  | 9,713 |  | — |  |
| Generation Brands Holdings, Inc. (Quality Home Brands), Basic Common Stock (18)      | — |  | 1,615 |  | — |  | 5,084 |  | 6,699 |  | — |  | — |  |
| Generation Brands Holdings, Inc. (Quality Homes Brands), Series H Common Stock (18)  | — |  | 1,345 |  | — |  | 4,233 |  | 5,578 |  | — |  | — |  |
| Generation Brands Holdings, Inc. (Quality Homes Brands), Series 2L Common Stock (18) | — |  | 6,582 |  | — |  | 20,712 |  | 27,294 |  | — |  | — |  |
| Golden Bear Warehouse LLC, Equity                                                    | — |  | 4,233 |  | — |  | 2,600 |  | 6,833 |  | — |  | — |  |
| Golden Hill CLO I, LLC, Equity                                                       | 1,097 |  | 69,847 |  | — |  | 2,643 |  | 73,587 |  | — |  | 1,515 |  |
| Highbridge Loan Management 3-2014, Ltd., Class D Notes, L+500, 1/18/25               | 4,680 |  | 21 |  | (4,659 | ) | (42 | ) | — |  | (169 | ) | 205 |  |
| Highbridge Loan Management 3-2014, Ltd., Class E Notes, L+600, 1/18/25               | 2,314 |  | 14 |  | — |  | (207 | ) | 2,121 |  | — |  | 171 |  |
| Highbridge Loan Management 3-2014, Ltd., Subordinated Notes, 1/18/25                 | 7,278 |  | — |  | (989 | ) | 433 |  | 6,722 |  | — |  | 652 |  |
| Ivy Hill Middle Market Credit Fund IX, Ltd, Subordinated Notes, 10/18/25             | — |  | 11,375 |  | — |  | — |  | 11,375 |  | — |  | 414 |  |
| Jamestown CLO I LTD, Subordinated Notes, 11/5/24                                     | 3,828 |  | — |  | (121 | ) | (9 | ) | 3,698 |  | — |  | 559 |  |
|  LVI Parent Corp. (LVI Services, Inc.), 12.50%, 4/20/14 (19)                    | — |  | 10,387 |  | (10,200 | ) | (187 | ) | — |  | — |  | 269 |  |
| LVI Group Investments, LLC, Common Units (formerly known as LVI Services, Inc.) (19) | — |  | 35,429 |  | — |  | (26,760 | ) | 8,669 |  | — |  | 87 |  |
| MCF CLO I LLC, Class E Notes, L+575, 4/20/23                                         | 12,357 |  | 13 |  | (12,344 | ) | (26 | ) | — |  | (107 | ) | 215 |  |
| MCF CLO I LLC, Membership Interests                                                  | 40,391 |  | — |  | (2,471 | ) | 570 |  | 38,490 |  | — |  | 7,176 |  |
| MCF CLO III LLC, Class E Notes L+445, 1/20/24                                        | 11,325 |  | 107 |  | — |  | (212 | ) | 11,220 |  | — |  | 718 |  |
| MCF CLO III LLC, Membership Interests, 1/20/24                                       | 38,266 |  | — |  | (2,227 | ) | 2,945 |  | 38,984 |  | — |  | 6,271 |  |
| Renewable Funding Group, Inc. 0.00%, 9/30/15                                         | — |  | 1,000 |  | — |  | — |  | 1,000 |  | — |  | — |  |
| Renewable Funding Group, Inc., Series B Preferred Stock                              | — |  | 8,750 |  | (1,289 | ) | 1,848 |  | 9,309 |  | — |  | — |  |
| Slater Mill Loan Fund LP, LP Certificates                                            | 7,361 |  | — |  | (467 | ) | 74 |  | 6,968 |  | — |  | 1,427 |  |
|                                                                                 | $ | 144,628 |  | $ | 225,932 |  | $ | (65,025 | ) | $ | 21,683 |  | $ | 327,218 |  | $ | 11,300 |  | $ | 23,425 |  |

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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, 2015 and March 31, 2014 along with transactions during the fiscal year ended March 31, 2015 in these Controlled investments are as follows: |

|                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name of Issue                                                                                                                       | Fair Value at March 31, 2014 | Gross Additions (Cost) ● | Gross Reductions (Cost) ■ | Change in Unrealized Gain (Loss) | Fair Value at March 31, 2015 | Net Realized Gain (Loss) | Interest/Dividend/ Other Income |
| Generation Brands Holdings, Inc. (Quality Home Brands), Basic Common Stock (18)                                                     | $ | 1,615 |  | $ | — |  | $ | (1,615 | ) | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Generation Brands Holdings, Inc. (Quality Homes Brands), Series H Common Stock (18)                                                 | 1,345 |  | — |  | (1,345 | ) | — |  | — |  | — |  | — |  |
| Generation Brands Holdings, Inc. (Quality Homes Brands), Series 2L Common Stock(18)                                                 | 6,582 |  | — |  | (6,582 | ) | — |  | — |  | — |  | — |  |
|  LVI Parent Corp. (LVI Services, Inc.), 12.50%, 4/20/14 (19)                                                                   | 10,200 |  | — |  | (10,200 | ) | — |  | — |  | — |  | — |  |
| LVI Group Investments, LLC, Common Units (formerly known as LVI Services, Inc.) (19)                                                | 34,020 |  | — |  | (34,020 | ) | — |  | — |  | — |  | — |  |
| Merx Aviation Finance, LLC (formerly known as Merx Aviation Finance Holdings II, LLC), (Revolver) 12.00% Funded, 10/31/18           | 282,334 |  | 69,750 |  | — |  | — |  | 352,084 |  | — |  | 39,231 |  |
| Merx Aviation Finance, LLC (formerly known as Merx Aviation Finance Holdings II, LLC), (Unfunded Revolver) 0.00% Unfunded, 10/31/18 | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit, 2.25%, 9/30/15                                                      | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Merx Aviation Finance Assets Ireland Limited, Letter of Credit, 2.25%, 9/30/15                                                      | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Merx Aviation Finance, LLC (formerly known as Merx Aviation Finance Holdings II, LLC), Membership Interest                          | 140,465 |  | 13,499 |  | — |  | 11,208 |  | 165,172 |  | — |  | — |  |
| MSEA Tankers LLC, Membership Interest                                                                                               | — |  | 33,000 |  | — |  | — |  | 33,000 |  | — |  | — |  |
| PlayPower Holdings, Inc., Common Stock                                                                                              | 53,813 |  | — |  | — |  | 2,087 |  | 55,900 |  | — |  | — |  |
| PlayPower Holdings, Inc., Series A Preferred, 14.00% PIK, 11/15/20                                                                  | 51,773 |  | 7,638 |  | — |  | — |  | 59,411 |  | — |  | 7,891 |  |
|                                                                                                                                | $ | 582,147 |  | $ | 123,887 |  | $ | (53,762 | ) | $ | 13,295 |  | $ | 665,567 |  | $ | — |  | $ | 47,122 |  |

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|     |                                                                                                                                                                                                                              |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Aggregate gross unrealized gain for federal income tax purposes is $143,557; aggregate gross unrealized loss for federal income tax purposes is $302,058. Net unrealized loss is $158,501 based on a tax cost of $3,508,328. |

|     |                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Substantially all securities are pledged as collateral to our multi-currency revolving credit facility. As such, these securities are not available as collateral to our general creditors. |

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

|     |                                                                                                                                                            |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | These letters of credit represent multiple commitments made on various dates. As a result, maturity dates may vary and a maturity range has been provided. |

|      |                                               |
|------|-----------------------------------------------|
| (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 investment has a put option attached to it and the combined instrument has been recorded in its entirety at fair value as a hybrid instrument in accordance with ASC 815-15-25-4 with subsequent changes in fair value charged or credited to investment gains/losses for each period. |

|      |                                                                                                                                                                                                                                                                                                                                                                       |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (18) | Generation Brands Holdings, Inc. was previously incorrectly reported as a controlled investment in the financial statements for the year ended March 31, 2014. After further assessment, the Company does not control more than 25% of the voting power and has no power to direct or cause the direction of the policies and management of the company. As such, $9,542 of the fair value of Generation Brands Holdings, Inc., Common Stock was transferred from “Controlled” to “Non-Controlled/Affiliated” in 2015 to correctly reflect Generation Brands Holdings, Inc. as a non-controlled/affiliated investment. Management evaluated the impact of the error to the financial statements and determined that this adjustment was not material to any prior annual or interim periods, and the resulting correction is not material to the current financial statements. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (19) | As a result of a restructuring in April 2014, the Company’s investment was moved to LVI Group Investments, LLC from LVI Services Inc. LVI Group Investments, LLC further invested in NorthStar Group Holdings. The Company no longer controls more than 25% of the voting power and has no power to direct or cause the direction of the policies and management of NorthStar Group Holdings. As such, $44,220 of the fair value of LVI Services, Inc., Common Stock, was transferred from “Controlled” to “Non-Controlled/Affiliated” in LVI Group Investments, LLC prior to the fiscal year ended March 31, 2015. |

|      |                                                                                                                                                       |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| (20) | This investment represents a leveraged subordinated interest in a trust that holds one foreign currency denominated bond and a derivative instrument. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (21) | AMP Solar (UK) Limited was previously incorrectly reported as a controlled investment in the financial statements for the year ended March 31, 2015. After further assessment, it was determined that the Company does not control more than 25% of the voting power and has no power to direct or cause the direction of the policies and management of the company. As such, $65,171 of the ending fair value as of March 31, 2015 of AMP Solar (UK) Limited, Class A Preference Shares was reclassified from “Controlled” to “Non-Controlled/Affiliated” to correctly reflect AMP Solar (UK) Limited as a non-controlled/affiliated investment. Management evaluated the impact of the error to the financial statements and determined that this adjustment was not material to any prior annual or interim periods, and the resulting correction is not material to the current financial statements. |

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|                                                             |
|-------------------------------------------------------------|
|                                                             |  |
| Industry Classification                                     | Percentage of Total Investments (at Fair Value) as of March 31, 2015 |
| Business Services                                           | 15.6% |
| Aviation                                                    | 15.4% |
| Oil and Gas                                                 | 13.9% |
| Diversified Investment Vehicle                              | 9.6% |
| Financial Services                                          | 4.0% |
| Chemicals                                                   | 3.8% |
| Leisure                                                     | 3.4% |
| Utilities                                                   | 3.0% |
| Aerospace and Defense                                       | 2.9% |
| Distribution                                                | 2.9% |
| Telecommunications                                          | 2.2% |
| Insurance                                                   | 2.1% |
| Transportation                                              | 2.1% |
| Printing and Publishing                                     | 1.9% |
| Cargo Transport                                             | 1.7% |
| Healthcare                                                  | 1.6% |
| Energy                                                      | 1.6% |
| Education                                                   | 1.5% |
| Packaging                                                   | 1.3% |
| Restaurants                                                 | 1.2% |
| Home and Office Furnishings and Durable Consumer Products   | 1.2% |
| Diversified Service                                         | 1.1% |
| Grocery                                                     | 0.8% |
| Consumer Products                                           | 0.8% |
| Hotels, Motels, Inns and Gaming                             | 0.8% |
| Diversified Natural Resources, Precious Metals and Minerals | 0.7% |
| Buildings and Real Estate                                   | 0.6% |
| Mining                                                      | 0.6% |
| Broadcasting & Entertainment                            | 0.4% |
| Containers, Packaging, and Glass                            | 0.4% |
| Finance                                                     | 0.3% |
| Environmental Services                                      | 0.3% |
| Electronics                                                 | 0.1% |
| Media                                                       | 0.1% |
| Cable Television                                            | 0.1% |
| Total Investments                                           | 100.0% |

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|    |                                                                                                                                                                                                                       |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1. | Our quarterly valuation process begins with each portfolio company or investment being initially valued by the investment  professionals of our Investment Adviser which is responsible for the portfolio 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 to reflect any comments. |

|    |                                                                                                                                                                                                                                                                            |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 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, third party pricing services and the audit committee. |

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|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                         | Three Months Ended December 31, |   | Nine Months Ended December 31, |
|                                                                         | 2015 |   | 2014 |   | 2015 |   | 2014 |
| Basic Earnings Per Share                                                     |   |   |   |   |   |   |   |
| Net increase (decrease) in net assets resulting from operations              | $ | (25,772 | ) |   | $ | (19,452 | ) |   | $ | (21,129 | ) |   | $ | 87,152 |  |
| Weighted average shares outstanding                                          | 231,537,374 |  |   | 236,741,351 |  |   | 234,709,883 |  |   | 236,741,351 |  |
| Basic earnings (loss) per share                                              | $ | (0.11 | ) |   | $ | (0.09 | ) |   | $ | (0.09 | ) |   | $ | 0.36 |  |
|                                                                         |   |   |   |   |   |   |   |
| Diluted Earnings Per Share (1)                                               |   |   |   |   |   |   |   |
| Net increase (decrease) in net assets resulting from operations              | $ | (25,772 | ) |   | $ | (19,452 | ) |   | $ | (21,129 | ) |   | $ | 87,152 |  |
| Adjustment for interest on convertible notes net of incentive fees           | — |  |   | — |  |   | — |  |   | — |  |
| Net increase (decrease) in net assets resulting from operations, as adjusted | $ | (25,772 | ) |   | $ | (19,452 | ) |   | $ | (21,129 | ) |   | $ | 87,152 |  |
| Weighted average shares outstanding, as adjusted                             | 231,537,374 |  |   | 236,741,351 |  |   | 234,709,883 |  |   | 236,741,351 |  |
| Diluted earnings (loss) per share                                            | $ | (0.11 | ) |   | $ | (0.09 | ) |   | $ | (0.09 | ) |   | $ | 0.36 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | In applying the if-converted method, conversion is not assumed for purposes of computing diluted EPS if the effect would be anti-dilutive. For the three and nine months ended December 31, 2015, anti-dilution would total $0.02 and $0.04, respectively. For the three and nine months ended December 31, 2014, anti-dilution would total $0.01 and $0.01, respectively. |

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|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                          |   |   |   |   | Fair Value Hierarchy |
|                               | Cost |  | Fair Value |   | Level 1 |   | Level 2 |   | Level 3 |
| First Lien Secured Debt       | $ | 1,263,752 |  |   | $ | 1,134,542 |  |   | $ | — |  |   | $ | 55,186 |  |   | $ | 1,079,356 |  |
| Second Lien Secured Debt      | 1,010,012 |  |   | 910,318 |  |   | — |  |   | 453,263 |  |   | 457,055 |  |
| Unsecured Debt                | 301,338 |  |   | 285,889 |  |   | — |  |   | 45,684 |  |   | 240,205 |  |
| Structured Products and Other | 323,028 |  |   | 329,752 |  |   | — |  |   | 14,595 |  |   | 315,157 |  |
| Preferred Equity              | 97,755 |  |   | 83,153 |  |   | — |  |   | — |  |   | 83,153 |  |
| Common Equity/Interests       | 257,664 |  |   | 317,298 |  |   | — |  |   | 139 |  |   | 317,159 |  |
| Warrants                      | 4,951 |  |   | 8,041 |  |   | — |  |   | — |  |   | 8,041 |  |
| Total Investments             | $ | 3,258,500 |  |   | $ | 3,068,993 |  |   | $ | — |  |   | $ | 568,867 |  |   | $ | 2,500,126 |  |

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                          |   |   |   |   | Fair Value Hierarchy |
|                          | Cost |   | Fair Value |   | Level 1 |   | Level 2 |   | Level 3 |
| First Lien Secured Debt       | $ | 1,252,324 |  |   | $ | 1,193,847 |  |   | $ | — |  |   | $ | 177,817 |  |   | $ | 1,016,030 |  |
| Second Lien Secured Debt      | 820,840 |  |   | 805,625 |  |   | — |  |   | 293,515 |  |   | 512,110 |  |
| Unsecured Debt                | 530,366 |  |   | 475,434 |  |   | — |  |   | 123,463 |  |   | 351,971 |  |
| Structured Products and Other | 349,813 |  |   | 374,368 |  |   | — |  |   | — |  |   | 374,368 |  |
| Preferred Equity              | 197,365 |  |   | 165,101 |  |   | — |  |   | — |  |   | 165,101 |  |
| Common Equity/Interests       | 330,851 |  |   | 329,881 |  |   | — |  |   | 81 |  |   | 329,800 |  |
| Warrants                      | 5,016 |  |   | 5,571 |  |   | — |  |   | — |  |   | 5,571 |  |
| Total Investments             | $ | 3,486,575 |  |   | $ | 3,349,827 |  |   | $ | — |  |   | $ | 594,876 |  |   | $ | 2,754,951 |  |

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|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                              | First Lien Secured Debt (2) | Second Lien Secured Debt | Unsecured Debt | Structured Products and Other | Preferred Equity | Common Equity/Interests | Warrants | Total |
| Fair value as of September 30, 2015                                                          | $ | 1,032,839 |  | $ | 531,316 |  | $ | 250,179 |  | $ | 413,465 |  | $ | 160,108 |  | $ | 305,128 |  | $ | 4,327 |  | $ | 2,697,362 |  |
| Net realized gains (losses)                                                                       | (3,307 | ) | (2,165 | ) | — |  | — |  | (2,363 | ) | (3,218 | ) | 3,571 |  | (7,482 | ) |
| Net change in unrealized gains (losses)                                                           | (54,241 | ) | (7,909 | ) | (3,027 | ) | (6,692 | ) | 11,428 |  | 3,116 |  | 3,779 |  | (53,546 | ) |
| Net amortization on investments                                                                   | 221 |  | 465 |  | 110 |  | 111 |  | — |  | — |  | — |  | 907 |  |
| Purchases, including capitalized PIK (3)                                                          | 173,843 |  | 23,614 |  | 1,375 |  | 10,258 |  | 46,799 |  | 28,472 |  | — |  | 284,361 |  |
| Sales (3)                                                                                         | (55,189 | ) | (490 | ) | (8,363 | ) | (87,389 | ) | (132,819 | ) | (16,199 | ) | (3,636 | ) | (304,085 | ) |
| Transfers out of Level 3 (1)                                                                      | (14,810 | ) | (87,776 | ) | (69 | ) | (14,596 | ) | — |  | (140 | ) | — |  | (117,391 | ) |
| Transfers into Level 3 (1)                                                                        | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Fair value as of December 31, 2015                                                           | $ | 1,079,356 |  | $ | 457,055 |  | $ | 240,205 |  | $ | 315,157 |  | $ | 83,153 |  | $ | 317,159 |  | $ | 8,041 |  | $ | 2,500,126 |  |
|                                                                                              |   |   |   |   |   |   |   |   |
| Net change in unrealized gains (losses) on Level 3 investments still held as of December 31, 2015 | $ | (93,807 | ) | $ | (8,238 | ) | $ | (3,028 | ) | $ | (2,717 | ) | $ | 8,637 |  | $ | (380 | ) | $ | 5,002 |  | $ | (94,531 | ) |

|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                              | First Lien Secured Debt (2) | Second Lien Secured Debt | Unsecured Debt | Structured Products and Other | Preferred Equity | Common Equity/Interests | Warrants | Total |
| Fair value as of March 31, 2015                                                              | $ | 1,016,030 |  | $ | 512,110 |  | $ | 351,971 |  | $ | 374,368 |  | $ | 165,101 |  | $ | 329,800 |  | $ | 5,571 |  | $ | 2,754,951 |  |
| Net realized gains (losses)                                                                       | (5,355 | ) | 14 |  | (40,602 | ) | (67 | ) | (2,363 | ) | (43,661 | ) | 3,571 |  | (88,463 | ) |
| Net change in unrealized gains (losses)                                                           | (71,682 | ) | (50,743 | ) | 10,784 |  | (17,830 | ) | 17,661 |  | 60,546 |  | 2,535 |  | (48,729 | ) |
| Net amortization on investments                                                                   | 2,048 |  | 1,338 |  | 351 |  | 325 |  | — |  | — |  | — |  | 4,062 |  |
| Purchases, including capitalized PIK (3)                                                          | 368,847 |  | 232,696 |  | 33,159 |  | 76,092 |  | 98,080 |  | 102,810 |  | — |  | 911,684 |  |
| Sales (3)                                                                                         | (236,324 | ) | (52,299 | ) | (115,458 | ) | (103,136 | ) | (195,326 | ) | (132,336 | ) | (3,636 | ) | (838,515 | ) |
| Transfers out of Level 3 (1)                                                                      | 875 |  | (186,061 | ) | — |  | (14,595 | ) | — |  | — |  | — |  | (199,781 | ) |
| Transfers into Level 3 (1)                                                                        | 4,917 |  | — |  | — |  | — |  | — |  | — |  | — |  | 4,917 |  |
| Fair value as of December 31, 2015                                                           | $ | 1,079,356 |  | $ | 457,055 |  | $ | 240,205 |  | $ | 315,157 |  | $ | 83,153 |  | $ | 317,159 |  | $ | 8,041 |  | $ | 2,500,126 |  |
|                                                                                              |   |   |   |   |   |   |   |   |
| Net change in unrealized gains (losses) on Level 3 investments still held as of December 31, 2015 | $ | 129,187 |  | $ | 62,369 |  | $ | 9,527 |  | $ | (27,528 | ) | $ | 45,192 |  | $ | (80,992 | ) | $ | (3,238 | ) | $ | 134,517 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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 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 revolver obligations and letters of credit measured at fair value of $(2,311). |

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

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|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                              | First Lien Secured Debt (2) | Second Lien Secured Debt | Unsecured Debt | Structured Products and Other | Preferred Equity | Common Equity/Interests | Warrants | Total |
| Fair value as of September 30, 2014                                                          | $ | 858,678 |  | $ | 461,350 |  | $ | 422,121 |  | $ | 317,378 |  | $ | 108,678 |  | $ | 307,300 |  | $ | 10,771 |  | $ | 2,486,276 |  |
| Net realized gains (losses)                                                                       | 297 |  | (171 | ) | (367 | ) | (168 | ) | — |  | 5,349 |  | — |  | 4,940 |  |
| Net change in unrealized gains (losses)                                                           | (6,789 | ) | (6,263 | ) | (5,554 | ) | 5,495 |  | (2,895 | ) | 13,639 |  | (4,402 | ) | (6,769 | ) |
| Net amortization on investments                                                                   | 1,791 |  | 447 |  | 159 |  | 125 |  | — |  | — |  | — |  | 2,522 |  |
| Purchases, including capitalized PIK (3)                                                          | 195,591 |  | 120,965 |  | 54,246 |  | 41,573 |  | 32,815 |  | 42,909 |  | — |  | 488,099 |  |
| Sales (3)                                                                                         | (128,688 | ) | (132,272 | ) | (40,281 | ) | (8,208 | ) | (1,169 | ) | (11,790 | ) | — |  | (322,408 | ) |
| Transfers out of Level 3 (1)                                                                      | — |  | (7,499 | ) | — |  | — |  | — |  | — |  | — |  | (7,499 | ) |
| Transfers into Level 3 (1)                                                                        | 109,994 |  | 92,925 |  | 3,776 |  | — |  | — |  | — |  | — |  | 206,695 |  |
| Fair value as of December 31, 2014                                                           | $ | 1,030,874 |  | $ | 529,482 |  | $ | 434,100 |  | $ | 356,195 |  | $ | 137,429 |  | $ | 357,407 |  | $ | 6,369 |  | $ | 2,851,856 |  |
|                                                                                              |   |   |   |   |   |   |   |   |
| Net change in unrealized gains (losses) on Level 3 investments still held as of December 31, 2014 | $ | (9,209 | ) | $ | (3,841 | ) | $ | (10,306 | ) | $ | 5,425 |  | $ | (2,895 | ) | $ | 18,643 |  | $ | (4,402 | ) | $ | (6,585 | ) |

|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                              | First Lien Secured Debt (2) | Second Lien Secured Debt | Unsecured Debt | Structured Products and Other | Preferred Equity | Common Equity/Interests | Warrants | Total |
| Fair value as of March 31, 2014                                                              | $ | 612,794 |  | $ | 322,889 |  | $ | 415,079 |  | $ | 208,901 |  | $ | 93,062 |  | $ | 274,699 |  | $ | 11,174 |  | $ | 1,938,598 |  |
| Net realized gains (losses)                                                                       | 652 |  | (30 | ) | (2,119 | ) | (276 | ) | — |  | (5,819 | ) | 9,713 |  | 2,121 |  |
| Net change in unrealized gains (losses)                                                           | (4,056 | ) | (4,614 | ) | (9,580 | ) | 13,113 |  | (167 | ) | 46,926 |  | (809 | ) | 40,813 |  |
| Net amortization on investments                                                                   | 2,832 |  | 1,030 |  | 663 |  | 239 |  | — |  | — |  | — |  | 4,764 |  |
| Purchases, including capitalized PIK (3)                                                          | 550,982 |  | 259,703 |  | 109,549 |  | 168,265 |  | 45,703 |  | 57,097 |  | — |  | 1,191,299 |  |
| Sales (3)                                                                                         | (209,832 | ) | (156,301 | ) | (102,038 | ) | (34,047 | ) | (1,169 | ) | (15,496 | ) | (13,709 | ) | (532,592 | ) |
| Transfers out of Level 3 (1)                                                                      | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Transfers into Level 3 (1)                                                                        | 77,502 |  | 106,805 |  | 22,546 |  | — |  | — |  | — |  | — |  | 206,853 |  |
| Fair value as of December 31, 2014                                                           | $ | 1,030,874 |  | $ | 529,482 |  | $ | 434,100 |  | $ | 356,195 |  | $ | 137,429 |  | $ | 357,407 |  | $ | 6,369 |  | $ | 2,851,856 |  |
|                                                                                              |   |   |   |   |   |   |   |   |
| Net change in unrealized gains (losses) on Level 3 investments still held as of December 31, 2014 | $ | (5,534 | ) | $ | (5,164 | ) | $ | (15,589 | ) | $ | 14,810 |  | $ | (167 | ) | $ | 53,662 |  | $ | (4,231 | ) | $ | 37,787 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Transfers out of Level 3 are due to an increase in the availability of qualified observable inputs and transfers into Level 3 are due to a decrease in the availability of qualified observable inputs 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 revolver obligations and letters of credit measured at fair value of $(5,404). |

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

----

Table of Contents

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |
|                          |   | Quantitative Information about Level 3 Fair Value Measurements |
| Asset Category                | Fair Value | Valuation Techniques/Methodologies | Unobservable Input | Range | Weighted Average |
| First Lien Secured Debt       | $ | 640,241 |  | Yield Analysis | Discount Rate | 7.7% | 30.0% | 15.0% |
|                          | 365,084 |  | Discounted Cash Flow | Discount Rate | 2.3% | 12.0% | 12.0% |
|                          | 12,908 |  | Recovery Analysis | N/A | N/A | N/A | N/A |
|                          | 61,123 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
| Second Lien Secured Debt      | 275,522 |  | Yield Analysis | Discount Rate | 9.6% | 24.6% | 13.7% |
|                          | 63,757 |  | Recovery Analysis | N/A | N/A | N/A | N/A |
|                          | 117,776 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
| Unsecured Debt                | 240,205 |  | Yield Analysis | Discount Rate | 10.3% | 35.0% | 12.7% |
| Structured Products and Other | 315,157 |  | Discounted Cash Flow | Discount Rate | 6.5% | 17.0% | 12.3% |
| Preferred Equity              | 4,207 |  | Market Comparable Approach | Comparable Multiple | 8.0x | 12.4x | 12.4x |
|                          | 34,233 |  | Yield Analysis | Discount Rate | 11.0% | 11.0% | 11.0% |
|                          | 11,250 |  | Discounted Cash Flow | Discount Rate | 40.6% | 40.6% | 40.6% |
|                          | 33,463 |  | Recent Transaction | Recent Transaction | N/A | N/A | N/A |
| Common Equity/Interests       | 77,637 |  | Market Comparable Approach | Comparable Multiple | 6.0x | 12.4x | 8.7x |
|                          | 235,696 |  | Discounted Cash Flow | Discount Rate | 10.8% | 38.4% | 13.0% |
|                          | 3,826 |  | Other | Illiquidity/Restrictive Discount | 7.0% | 7.0% | 7.0% |
| Warrants                      | 8,041 |  | Recent Transaction | Recent Transaction | N/A | N/A | N/A |
| Total Level 3 Investments     | $ | 2,500,126 |  |   |   |   |   |   |

----

Table of Contents

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |
|                          |   | Quantitative Information about Level 3 Fair Value Measurements |
| Asset Category                | Fair Value | Valuation Techniques/Methodologies | Unobservable Input | Range | Weighted Average |
| First Lien Secured Debt       | $ | 531,654 |  | Yield Analysis | Discount Rate | 7.9% | 20.9% | 13.0% |
|                          | 352,084 |  | Discounted Cash Flow | Discount Rate | 12.0% | 12.0% | 12.0% |
|                          | 14,377 |  | Recent Transactions | Recent Transactions | N/A | N/A | N/A |
|                          | 117,915 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
| Second Lien Secured Debt      | 247,585 |  | Yield Analysis | Discount Rate | 9.7% | 19.7% | 14.5% |
|                          | 264,525 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
| Unsecured Debt                | 329,831 |  | Yield Analysis | Discount Rate | 9.7% | 22.0% | 11.4% |
|                          | 22,140 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
| Structured Products and Other | 39,296 |  | Yield Analysis | Discount Rate | 8.4% | 15.0% | 8.8% |
|                          | 317,381 |  | Discounted Cash Flow | Discount Rate | 3.8% | 15.0% | 12.4% |
|                          | 17,691 |  | Broker Quoted | Broker Quote | N/A | N/A | N/A |
| Preferred Equity              | 66,976 |  | Market Comparable Approach | Comparable Multiple | 2.2x | 11.7x | 7.3x |
|                          | 23,645 |  | Yield Analysis | Discount Rate | 10.8% | 10.8% | 10.8% |
|                          | 9,309 |  | Discounted Cash Flow | Discount Rate | 15.9% | 15.9% | 15.9% |
|                          | 65,171 |  | Options Pricing Model | Expected Volatility | 70.0% | 70.0% | 70.0% |
| Common Equity/Interests  | 121,169 |  | Market Comparable Approach | Comparable Multiple | 2.2x | 10.8x | 8.3x |
|                          | 203,469 |  | Discounted Cash Flow | Discount Rate | 11.4% | 30.0% | 13.0% |
|                          | 5,162 |  | Other | Illiquidity/Restrictive Discount | 7.0% | 7.0% | 7.0% |
| Warrants                      | 1,399 |  | Market Comparable Approach | Comparable Multiple | 4.8x | 11.4x | 11.2x |
|                          | 222 |  | Other | Illiquidity/Restrictive Discount | 20.0% | 20.0% | 20.0% |
|                          | 3,950 |  | Recent Transactions | Recent Transactions | N/A | N/A | N/A |
| Total Level 3 Investments     | $ | 2,754,951 |  |   |   |   |   |   |

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Table of Contents

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                      | Three Months Ended December 31, |   | Nine Months Ended December 31, |
|                      | 2015 |   | 2014 |   | 2015 |   | 2014 |
| PIK income for the period | $ | 10,238 |  |   | $ | 8,619 |  |   | $ | 31,607 |  |   | $ | 24,889 |  |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | Three Months Ended December 31, |   | Nine Months Ended December 31, |
|                                | 2015 |   | 2014 |   | 2015 |   | 2014 |
| PIK balance at beginning of period  | $ | 56,791 |  |   | $ | 73,608 |  |   | $ | 86,903 |  |   | $ | 58,185 |  |
| PIK income capitalized              | 12,358 |  |   | 7,097 |  |   | 34,090 |  |   | 24,155 |  |
| Adjustments due to investment exits | (109 | ) |   | — |  |   | (3,505 | ) |   | — |  |
| PIK income received in cash         | (726 | ) |   | (448 | ) |   | (49,174 | ) |   | (2,083 | ) |
| PIK balance at end of period        | $ | 68,314 |  |   | $ | 80,257 |  |   | $ | 68,314 |  |   | $ | 80,257 |  |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |
|                  | Nine Months Ended December 31, |
|                  | 2015 |   | 2014 |
| Net revenue           | $ | 89,535 |  |   | $ | 59,086 |  |
| Net operating income  | 56,050 |  |   | 37,219 |  |
| Earnings before taxes | 7,718 |  |   | 1,909 |  |
| Net profit            | 5,545 |  |   | 1,906 |  |

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Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |
|                                      | Nine Months Ended  December 31, 2015* |
| Net revenue                               | $ | 9,869 |  |
| Net operating income                      | 5,915 |  |
| Earnings before taxes                     | 5,258 |  |
| Net profit after non-controlling interest | 5,170 |  |

|   |                                                                                                                       |
|---|-----------------------------------------------------------------------------------------------------------------------|
| * | MSEA commenced operations on December 16, 2014. Transactions from such date to December 31, 2014 are not significant. |

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | Date Issued/Amended |   | Total Aggregate Principal Amount Committed |   | Principal Amount Outstanding |   | Fair Value |   | Final Maturity Date |
| Senior Secured Facility         | 2015 |   | $ | 1,310,000 |  |   | $ | 495,161 | * |   | $ | 499,641 |  | (1) | 4/24/2020 |
| Senior Secured Notes (Series A) | 2011 |   | 29,000 |  |   | 29,000 |  |   | 29,332 |  | (1) | 9/29/2016 |
| Senior Secured Notes (Series B) | 2011 |   | 16,000 |  |   | 16,000 |  |   | 16,732 |  | (1) | 9/29/2018 |
| 2042 Notes                      | 2012 |   | 150,000 |  |   | 150,000 |  |   | 152,460 |  | (2) | 10/15/2042 |
| 2043 Notes                      | 2013 |   | 150,000 |  |   | 150,000 |  |   | 150,360 |  | (2) | 7/15/2043 |
| 2025 Notes                      | 2015 |   | 350,000 |  |   | 344,558 |  |   | 351,626 |  | (1) | 3/3/2025 |
| Convertible Notes               | 2011 |   | 200,000 |  |   | 200,000 |  |   | 200,000 |  | (2) | 1/15/2016 |
| Total Debt Obligations          |   |   | $ | 2,205,000 |  |   | $ | 1,384,719 |  |   | $ | 1,400,151 |  |   |   |

|   |                                                               |
|---|---------------------------------------------------------------|
| * | Includes foreign currency debt obligations as outlined below. |

|     |                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The fair value of these debt obligations are categorized as Level 3 under ASC 820 as of December 31, 2015. 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 are categorized as Level 1 under ASC 820 as of December 31, 2015. The valuation is based on quoted prices of identical liabilities in active markets. |

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Table of Contents

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | Date Issued/Amended |   | Total Aggregate Principal Amount Committed |   | Principal Amount Outstanding |   | Fair Value |   | Final Maturity Date |
| Senior Secured Facility         | 2013 |   | $ | 1,270,000 |  |   | $ | 384,648 | * |   | $ | 384,253 |  | (1) | 8/31/2018 |
| Senior Secured Notes            | 2010 |   | 225,000 |  |   | 225,000 |  |   | 227,363 |  | (1) | 10/4/2015 |
| Senior Secured Notes (Series A) | 2011 |   | 29,000 |  |   | 29,000 |  |   | 29,684 |  | (1) | 9/29/2016 |
| Senior Secured Notes (Series B) | 2011 |   | 16,000 |  |   | 16,000 |  |   | 16,952 |  | (1) | 9/29/2018 |
| 2042 Notes                      | 2012 |   | 150,000 |  |   | 150,000 |  |   | 152,646 |  | (2) | 10/15/2042 |
| 2043 Notes                      | 2013 |   | 150,000 |  |   | 150,000 |  |   | 153,438 |  | (2) | 7/15/2043 |
| 2025 Notes                      | 2015 |   | 350,000 |  |   | 344,111 |  |   | 352,100 |  | (1) | 3/3/2025 |
| Convertible Notes               | 2011 |   | 200,000 |  |   | 200,000 |  |   | 206,250 |  | (2) | 1/15/2016 |
| Total Debt Obligations          |   |   | $ | 2,390,000 |  |   | $ | 1,498,759 |  |   | $ | 1,522,686 |  |   |   |

|   |                                                               |
|---|---------------------------------------------------------------|
| * | Includes foreign currency debt obligations as outlined below. |

|     |                                                                                                                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The fair value of these debt obligations are categorized as Level 3 under ASC 820 as of March 31, 2015. 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 are categorized as Level 1 under ASC 820 as of March 31, 2015. The valuation is based on quoted prices of identical liabilities in active markets. |

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----

Table of Contents

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                          | Three Months Ended December 31, |   | Nine Months Ended December 31, |
|                                          | 2015 |   | 2014 |   | 2015 |   | 2014 |
| Average debt outstanding                      | $ | 1,481,191 |  |   | $ | 1,638,249 |  |   | $ | 1,482,003 |  |   | $ | 1,576,257 |  |
| Maximum amount of debt outstanding            | 1,537,818 |  |   | 1,760,782 |  |   | 1,657,288 |  |   | 1,760,782 |  |
|                                          |   |   |   |   |   |   |   |
| Weighted average annualized interest cost (1) | 4.73 | % |   | 4.50 | % |   | 5.17 | % |   | 4.46 | % |
| Annualized amortized debt issuance cost       | 0.44 | % |   | 0.40 | % |   | 0.51 | % |   | 0.42 | % |
| Total annualized interest cost                | 5.17 | % |   | 4.90 | % |   | 5.68 | % |   | 4.88 | % |

|     |                                                                                                                                                                                                                                                                                                                                                    |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes the stated interest expense and commitment fees on the unused portion of the Senior Secured Facility. Commitment fees for the three and nine months ended December 31, 2015 were $676 and $2,417, respectively. Commitment fees for the three and nine months ended December 31, 2014 were $457 and $1,355, respectively. |

|                 |
|-----------------|
|                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|            | Original Principal Amount (Local) |   | Original Principal Amount (USD) |   | Principal Amount Outstanding |   | Unrealized Gain |   | Reset Date |
| Canadian Dollar | C$ | 7,000 |  |   | $ | 5,051 |  |   | $ | 5,039 |  |   | $ | 12 |  |   | 1/25/2016 |
| Canadian Dollar | C$ | 58,100 |  |   | 53,108 |  |   | 41,826 |  |   | 11,282 |  |   | 1/29/2016 |
| Euro            | € | 6,000 |  |   | 6,528 |  |   | 6,518 |  |   | 10 |  |   | 1/25/2016 |
| Euro            | € | 3,700 |  |   | 4,972 |  |   | 4,019 |  |   | 953 |  |   | 1/29/2016 |
| British Pound   | £ | 14,500 |  |   | 22,199 |  |   | 21,372 |  |   | 827 |  |   | 1/11/2016 |
| British Pound   | £ | 14,500 |  |   | 22,210 |  |   | 21,372 |  |   | 838 |  |   | 1/14/2016 |
| British Pound   | £ | 24,400 |  |   | 37,283 |  |   | 35,963 |  |   | 1,320 |  |   | 1/21/2016 |
| British Pound   | £ | 36,000 |  |   | 55,260 |  |   | 53,060 |  |   | 2,200 |  |   | 1/25/2016 |
| British Pound   | £ | 15,600 |  |   | 23,555 |  |   | 22,993 |  |   | 562 |  |   | 1/29/2016 |
|            |   |   | $ | 230,166 |  |   | $ | 212,162 |  |   | $ | 18,004 |  |   |   |

----

Table of Contents

|                 |
|-----------------|
|                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|            | Original Principal Amount (Local) |   | Original Principal Amount (USD) |   | Principal Amount Outstanding |   | Unrealized Gain (Loss) |   | Reset Date |
| Canadian Dollar | C$ | 65,100 |  |   | $ | 60,245 |  |   | $ | 51,402 |  |   | $ | 8,843 |  |   | 4/30/2015 |
| Euro            | € | 19,200 |  |   | 25,803 |  |   | 20,621 |  |   | 5,182 |  |   | 4/30/2015 |
| British Pound   | £ | 6,500 |  |   | 9,926 |  |   | 9,649 |  |   | 277 |  |   | 4/7/2015 |
| British Pound   | £ | 25,000 |  |   | 37,525 |  |   | 37,112 |  |   | 413 |  |   | 4/13/2015 |
| British Pound   | £ | 27,000 |  |   | 39,956 |  |   | 40,082 |  |   | (126 | ) |   | 4/20/2015 |
| British Pound   | £ | 7,600 |  |   | 12,124 |  |   | 11,282 |  |   | 842 |  |   | 4/30/2015 |
|            |   |   | $ | 185,579 |  |   | $ | 170,148 |  |   | $ | 15,431 |  |   |   |

----

Table of Contents

|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |  |  |  |
|                                                                        | December 31, 2015 |   | March 31, 2015 |
| Unfunded revolver obligations and bridge loan commitments (1)               | $ | 61,947 |  |   | $ | 206,294 |  |
| Standby letters of credit issued and outstanding (2)                        | 14,583 |  |   | 34,433 |  |
| Unfunded delayed draw loan commitments (3)                                  | 4,245 |  |   | 102,092 |  |
| Unfunded delayed draw loan commitments (performance thresholds not met) (4) | 25,000 |  |   | 23,436 |  |
| Total Unfunded Commitments                                                  | $ | 105,775 |  |   | $ | 366,255 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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 December 31, 2015 and March 31, 2015, subject to the terms of each loan’s respective credit agreements which includes borrowing covenants that needs to be met prior to funding. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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 Statement 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 December 31, 2015 and March 31, 2015. |

----

Table of Contents

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |
|                                                                           | Nine Months Ended  December 31, 2015 |   | Year EndedMarch 31, 2015 |
|                                                                           | (Unaudited) |   |   |
| Per Share Data                                                                 |   |   |   |
| Net asset value at beginning of period                                         | $ | 8.18 |  |   | $ | 8.67 |  |
| Net investment income (1)                                                      | 0.63 |  |   | 0.96 |  |
| Net realized and change in unrealized losses (1)                               | (0.72 | ) |   | (0.64 | ) |
| Net increase (decrease) in net assets resulting from operations                | (0.09 | ) |   | 0.32 |  |
| Distributions to shareholders from net investment income (2)                   | (0.60 | ) |   | (0.70 | ) |
| Distributions to shareholders from return of capital (2)                       | — |  |   | (0.10 | ) |
| Offering costs for the issuance of common stock (3)                            | — |  |   | — |  |
| Accretion to shareholders due to share repurchases                             | 0.07 |  |   | — |  |
| Net asset value at end of period*                                              | $ | 7.56 |  |   | $ | 8.18 |  |
|                                                                           |   |   |   |
| Per share market value at end of period                                        | $ | 5.22 |  |   | $ | 7.68 |  |
| Total return (4)                                                               | (25.01 | )% |   | 1.86 | % |
| Shares outstanding at end of period                                            | 228,168,622 |  |   | 236,741,351 |  |
| Weighted average shares outstanding                                            | 234,709,883 |  |   | 236,741,351 |  |
|                                                                           |   |   |   |
| Ratio/Supplemental Data                                                        |   |   |   |
| Net assets at end of period (in millions)                                      | $ | 1,724.2 |  |   | $ | 1,937.6 |  |
| Annualized ratio of operating expenses to average net assets (5)(6)            | 5.93 |  % |   | 6.25 | % |
| Annualized ratio of interest and other debt expenses to average net assets (6) | 4.58 |  % |   | 3.91 | % |
| Annualized ratio of total expenses to average net assets (5)(6)                | 10.51 |  % |   | 10.16 | % |
| Annualized ratio of net investment income to average net assets (6)            | 10.71 |  % |   | 11.27 | % |
| Average debt outstanding (in millions)                                         | $ | 1,482.0 |  |   | $ | 1,586.5 |  |
| Average debt per share                                                         | $ | 6.31 |  |   | $ | 6.70 |  |
| Annualized portfolio turnover rate (6)                                         | 37.81 |  % |   | 62.14 | % |

|   |                                      |
|---|--------------------------------------|
| * | 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) | Dividends and distributions are determined based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. Per share amounts are based on actual rate per share. |

|     |                                                                                                                            |
|-----|----------------------------------------------------------------------------------------------------------------------------|
| (3) | Offering costs per share represent less than one cent per weighted average share for the fiscal year ended March 31, 2015. |

|     |                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Total return is based on the change in market price per share during the respective periods. Total return also takes into account dividends and distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | 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 nine months ended December 31, 2015, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 6.97% and 11.55%, respectively, without the voluntary fee waivers. For the fiscal year ended March 31, 2015, the ratio of operating expenses to average net assets and the ratio of total expenses to average net assets would be 7.03% and 10.95%, respectively, without the voluntary fee waivers. |

|     |                                                         |
|-----|---------------------------------------------------------|
| (6) | Annualized for the nine months ended December 31, 2015. |

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|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Class and Year                        | Total Amount Outstanding (1) | Asset Coverage Per Unit (2) | Involuntary Liquidating Preference Per Unit (3) | Average Market Value Per Unit (4) |   |
| Senior Secured Facility (5)           |   |   |   |   |   |
| Fiscal 2016 (as of December 31, 2015) | $ | 495,161 |  | $ | 803 |  | $ | — |  | N/A |  |   |
| Fiscal 2015                           | 384,648 |  | 588 |  | — |  | N/A |  |   |
| Fiscal 2014                           | 602,261 |  | 1,095 |  | — |  | N/A |  |   |
| Fiscal 2013                           | 536,067 |  | 1,137 |  | — |  | N/A |  |   |
| Fiscal 2012                           | 539,337 |  | 1,427 |  | — |  | N/A |  |   |
| Fiscal 2011                           | 628,443 |  | 1,707 |  | — |  | N/A |  |   |
| Fiscal 2010                           | 1,060,616 |  | 2,671 |  | — |  | N/A |  |   |
| Fiscal 2009                           | 1,057,601 |  | 2,320 |  | — |  | N/A |  |   |
| Fiscal 2008                           | 1,639,122 |  | 2,158 |  | — |  | N/A |  |   |
| Fiscal 2007                           | 492,312 |  | 4,757 |  | — |  | N/A |  |   |
| Fiscal 2006                           | 323,852 |  | 4,798 |  | — |  | N/A |  |   |
| Senior Secured Notes                  |   |   |   |   |   |
| Fiscal 2016 (as of December 31, 2015) | $ | 45,000 |  | $ | 73 |  | $ | — |  | N/A |  |   |
| Fiscal 2015                           | 270,000 |  | 413 |  | — |  | N/A |  |   |
| Fiscal 2014                           | 270,000 |  | 491 |  | — |  | N/A |  |   |
| Fiscal 2013                           | 270,000 |  | 572 |  | — |  | N/A |  |   |
| Fiscal 2012                           | 270,000 |  | 714 |  | — |  | N/A |  |   |
| Fiscal 2011                           | 225,000 |  | 611 |  | — |  | N/A |  |   |
| Fiscal 2010                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2009                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2008                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2007                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2006                           | — |  | — |  | — |  | N/A |  |   |
| 2042 Notes                            |   |   |   |   |   |
| Fiscal 2016 (as of December 31, 2015) | $ | 150,000 |  | $ | 243 |  | $ | — |  | $ | 101.64 |  |   |
| Fiscal 2015                           | 150,000 |  | 230 |  | — |  | 99.59 |  |   |
| Fiscal 2014                           | 150,000 |  | 273 |  | — |  | 92.11 |  |   |
| Fiscal 2013                           | 150,000 |  | 318 |  | — |  | 97.43 |  |   |
| Fiscal 2012                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2011                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2010                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2009                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2008                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2007                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2006                           | — |  | — |  | — |  | N/A |  |   |

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Table of Contents

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Class and Year                        | Total Amount Outstanding (1) | Asset Coverage Per Unit (2) | Involuntary Liquidating Preference Per Unit (3) | Average Market Value Per Unit (4) |   |
| 2043 Notes                            |   |   |   |   |   |
| Fiscal 2016 (as of December 31, 2015) | $ | 150,000 |  | $ | 243 |  | $ | — |  | $ | 100.24 |  |   |
| Fiscal 2015                           | 150,000 |  | 230 |  | — |  | 99.74 |  |   |
| Fiscal 2014                           | 150,000 |  | 273 |  | — |  | 89.88 |  |   |
| Fiscal 2013                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2012                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2011                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2010                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2009                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2008                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2007                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2006                           | — |  | — |  | — |  | N/A |  |   |
| 2025 Notes                            |   |   |   |   |   |
| Fiscal 2016 (as of December 31, 2015) | $ | 344,558 |  | $ | 559 |  | $ | — |  | N/A |  |   |
| Fiscal 2015                           | 344,111 |  | 526 |  | — |  | N/A |  |   |
| Fiscal 2014                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2013                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2012                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2011                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2010                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2009                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2008                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2007                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2006                           | — |  | — |  | — |  | N/A |  |   |
| Convertible Notes                     |  |  |  |  |  |  |  |  |   |
| Fiscal 2016 (as of December 31, 2015) | $ | 200,000 |  | $ | 324 |  | $ | — |  | $ | 100.00 |  |   |
| Fiscal 2015                           | 200,000 |  | 306 |  | — |  | 104.43 |  |   |
| Fiscal 2014                           | 200,000 |  | 364 |  | — |  | 106.60 |  |   |
| Fiscal 2013                           | 200,000 |  | 424 |  | — |  | 102.84 |  |   |
| Fiscal 2012                           | 200,000 |  | 529 |  | — |  | 97.81 |  |   |
| Fiscal 2011                           | 200,000 |  | 544 |  | — |  | N/A |  | (6) |
| Fiscal 2010                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2009                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2008                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2007                           | — |  | — |  | — |  | N/A |  |   |
| Fiscal 2006                           | — |  | — |  | — |  | N/A |  |   |

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|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Class and Year                        | Total Amount Outstanding (1) | Asset Coverage Per Unit (2) | Involuntary Liquidating Preference Per Unit (3) | Average Market Value Per Unit (4) |   |
| Total Debt Securities                 |   |   |   |   |   |
| Fiscal 2016 (as of December 31, 2015) | $ | 1,384,719 |  | $ | 2,245 |  | $ | — |  | N/A |  |   |
| Fiscal 2015                           | 1,498,759 |  | 2,293 |  | — |  | N/A |  |   |
| Fiscal 2014                           | 1,372,261 |  | 2,496 |  | — |  | N/A |  |   |
| Fiscal 2013                           | 1,156,067 |  | 2,451 |  | — |  | N/A |  |   |
| Fiscal 2012                           | 1,009,337 |  | 2,670 |  | — |  | N/A |  |   |
| Fiscal 2011                           | 1,053,443 |  | 2,862 |  | — |  | N/A |  |   |
| Fiscal 2010                           | 1,060,616 |  | 2,671 |  | — |  | N/A |  |   |
| Fiscal 2009                           | 1,057,601 |  | 2,320 |  | — |  | N/A |  |   |
| Fiscal 2008                           | 1,639,122 |  | 2,158 |  | — |  | N/A |  |   |
| Fiscal 2007                           | 492,312 |  | 4,757 |  | — |  | N/A |  |   |
| Fiscal 2006                           | 323,852 |  | 4,798 |  | — |  | N/A |  |   |

|     |                                                                                                 |
|-----|-------------------------------------------------------------------------------------------------|
| (1) | Total amount of each class of senior securities outstanding at the end of the period presented. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The asset coverage ratio for the total senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by the total senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the Asset Coverage Per Unit. In order to determine the Asset Coverage Per Unit for each class of debt, the Asset Coverage Per Unit was allocated based on the amount of indebtedness outstanding at the end of the period for each class of debt. |

|     |                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Not applicable, except for with respect to the 2042 Notes, the 2043 Notes, and the Convertible Notes, as other senior securities do not have sufficient trading for an average market value per unit to be determined. The average market value per unit for each of the 2042 Notes, the 2043 Notes, and the Convertible Notes is based on the closing daily prices of such notes and is expressed per $100 of indebtedness (including for the 2042 Notes and the 2043 Notes, which were issued in $25 increments). |

|     |                                                                   |
|-----|-------------------------------------------------------------------|
| (5) | Includes foreign currency debt obligations as outlined in Note 6. |

|     |                                           |
|-----|-------------------------------------------|
| (6) | Restrictive legends were removed in 2012. |

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

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

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

|         |                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | the costs of any reports, proxy statements or other notices to shareholders, 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 and their respective staffs. |

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                  | Three Months Ended December 31, |   | Nine Months Ended December 31, |
| (in millions)*                                        | 2015 |   | 2014 |   | 2015 |   | 2014 |
| Investments made in portfolio companies (1)           | $ | 204.6 |  |   | $ | 608.8 |  |   | $ | 918.2 |  |   | $ | 1,839.4 |  |
| Investments sold                                      | (139.7 | ) |   | (444.3 | ) |   | (554.5 | ) |   | (1,070.6 | ) |
| Net activity before repaid investments                | 64.9 |  |   | 164.4 |  |   | 363.6 |  |   | 768.8 |  |
| Investments repaid                                    | (121.9 | ) |   | (254.9 | ) |   | (519.5 | ) |   | (704.5 | ) |
| Net investment activity                               | $ | (57.0 | ) |   | $ | (90.4 | ) |   | $ | (155.9 | ) |   | $ | 64.2 |  |
|                                                  |  |   |  |   |  |   |  |
| Portfolio companies at beginning of period            | 98 |  |   | 113 |  |   | 105 |  |   | 111 |  |
| Number of new portfolio companies                     | 4 |  |   | 13 |  |   | 18 |  |   | 53 |  |
| Number of exited portfolio companies                  | (7 | ) |   | (17 | ) |   | (28 | ) |   | (55 | ) |
| Portfolio companies at end of period                  | 95 |  |   | 109 |  |   | 95 |  |   | 109 |  |
|                                                  |  |   |  |   |  |   |  |
| Number of investments in existing portfolio companies | 19 |  |   | 13 |  |   | 48 |  |   | 55 |  |

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

|     |                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------|
| (1) | Investments were primarily made through a combination of primary and secondary debt investments. |

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|                                                                                                      |
|------------------------------------------------------------------------------------------------------|
|                                                                                                      |  |  |  |  |  |  |  |
|                                                                                                 | December 31, 2015 |   | March 31, 2015 |
| Portfolio composition, at fair value:                                                                |   |   |   |
| Secured debt                                                                                         | 67 | % |   | 60 | % |
| Unsecured debt                                                                                       | 9 | % |   | 14 | % |
| Structured products and other (1)                                                                    | 11 | % |   | 11 | % |
| Preferred equity                                                                                     | 3 | % |   | 5 | % |
| Common equity/interests and warrants                                                                 | 10 | % |   | 10 | % |
| Weighted average yields, at amortized cost basis, exclusive of securities on non-accrual status (2): |   |   |   |
| Secured debt portfolio                                                                               | 11.4 | % |   | 11.2 | % |
| Unsecured debt portfolio                                                                             | 11.2 | % |   | 10.9 | % |
| Total debt portfolio                                                                                 | 11.4 | % |   | 11.2 | % |
| Income-bearing investment portfolio composition, at fair value:                                      |   |   |   |
| Fixed rate amount                                                                                    | $ | 1.2 |  billion |   | $ | 1.3 |  billion |
| Floating rate amount                                                                                 | $ | 1.3 |  billion |   | $ | 1.4 |  billion |
| Fixed rate, as percentage of total                                                                   | 48 | % |   | 48 | % |
| Floating rate, as percentage of total                                                                | 52 | % |   | 52 | % |
| Income-bearing investment portfolio composition, at amortized cost:                                  |   |   |   |
| Fixed rate amount                                                                                    | $ | 1.3 |  billion |   | $ | 1.4 |  billion |
| Floating rate amount                                                                                 | $ | 1.3 |  billion |   | $ | 1.4 |  billion |
| Fixed rate, as percentage of total                                                                   | 49 | % |   | 50 | % |
| Floating rate, as percentage of total                                                                | 51 | % |   | 50 | % |

|     |                                                                                                                                                                                                                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Structured products and other such as collateralized loan obligations (“CLOs”) and credit-linked notes (“CLNs”) are typically a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of debt and residual interest in order of seniority. |

|     |                                                                                                        |
|-----|--------------------------------------------------------------------------------------------------------|
| (2) | An investor’s yield may be lower than the portfolio yield due to sales loads and other expenses. |

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|    |                                                                                                                                                                                                                      |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1. | Our quarterly valuation process begins with each portfolio company or investment being initially valued by the investment professionals of our Investment Adviser which is responsible for the portfolio 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 to reflect any comments. |

|    |                                                                                                                                                                                                                                                                            |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 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, third party pricing services and the audit committee. |

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|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                   | Three Months Ended December 31, |   | Nine Months Ended December 31, |
| (in millions)*                                                         | 2015 |   | 2014 |   | 2015 |   | 2014 |
| Investment income                                                      |   |   |   |   |   |   |   |
| Interest income                                                        | $ | 75.3 |  |   | $ | 98.1 |  |   | $ | 240.8 |  |   | $ | 298.9 |  |
| Dividend income                                                        | 18.3 |  |   | 7.3 |  |   | 46.4 |  |   | 21.2 |  |
| Other income                                                           | 0.7 |  |   | 4.6 |  |   | 7.2 |  |   | 11.4 |  |
| Total investment income                                                | $ | 94.3 |  |   | $ | 110.0 |  |   | $ | 294.4 |  |   | $ | 331.5 |  |
| Expenses                                                               |   |   |   |   |   |   |   |
| Management and performance-based incentive fees, net of amounts waived | $ | 22.6 |  |   | $ | 28.2 |  |   | $ | 70.1 |  |   | $ | 84.9 |  |
| Interest and other debt expenses, net of reimbursements                | 19.3 |  |   | 20.3 |  |   | 63.5 |  |   | 58.1 |  |
| Administrative services expense, net of reimbursements                 | 1.5 |  |   | 1.8 |  |   | 4.5 |  |   | 4.7 |  |
| Other general and administrative expenses                              | 2.8 |  |   | 3.0 |  |   | 7.7 |  |   | 7.9 |  |
| Net expenses                                                           | $ | 46.2 |  |   | $ | 53.4 |  |   | $ | 145.8 |  |   | $ | 155.6 |  |
| Net investment income                                                  | $ | 48.1 |  |   | $ | 56.7 |  |   | $ | 148.6 |  |   | $ | 175.9 |  |
| Net realized and change in unrealized gains (losses)                   |   |   |   |   |   |   |   |
| Net realized gains (losses)                                            | $ | (9.3 | ) |   | $ | (1.4 | ) |   | $ | (120.4 | ) |   | $ | (3.2 | ) |
| Net change in unrealized gains (losses)                                | (64.6 | ) |   | (74.7 | ) |   | (49.4 | ) |   | (85.6 | ) |
| Net realized and change in unrealized gains (losses)                   | (73.9 | ) |   | (76.1 | ) |   | (169.8 | ) |   | (88.8 | ) |
| Net increase (decrease) in net assets resulting from operations        | $ | (25.8 | ) |   | $ | (19.5 | ) |   | $ | (21.1 | ) |   | $ | 87.2 |  |
|                                                                   |   |   |   |   |   |   |   |
| Net investment income on per average share basis                       | $ | 0.21 |  |   | $ | 0.24 |  |   | $ | 0.63 |  |   | $ | 0.75 |  |
| Earnings (Loss) per share — basic                                | $ | (0.11 | ) |   | $ | (0.09 | ) |   | $ | (0.09 | ) |   | $ | 0.36 |  |
| Earnings (Loss) per share — diluted                              | $ | (0.11 | ) |   | $ | (0.09 | ) |   | $ | (0.09 | ) |   | $ | 0.36 |  |

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

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|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |
| (in millions)                                   | Net Realized Gain (Loss) |
| Fidji Luxco (BC) S.C.A.                         | $ | 3.6 |  |
| Explorer Coinvest, LLC                          | 1.2 |  |
| AMP Solar (UK) Limited                          | (1.6 | ) |
| American Energy - Woodford LLC/AEW Finance Corp | (2.2 | ) |
| CA Holding, Inc. (Collect America, Ltd.)        | (3.7 | ) |
| Caza Petroleum Inc.                             | (4.8 | ) |

|                       |
|-----------------------|
|                       |  |  |  |
| (in millions)         | Net Realized Gain (Loss) |
| First Data Corp.      | $ | 5.6 |  |
| RC Coinvestment, LLC  | 5.0 |  |
| inVentiv Health, Inc. | (5.6 | ) |
| Walter Energy, Inc.   | (7.8 | ) |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |
| (in millions)                                | Net Realized Gain (Loss) |
| Venoco, Inc.                                 | $ | (7.1 | ) |
| BCA Osprey II Limited (British Car Auctions) | (7.4 | ) |
| PetroBakken Energy Ltd.                      | (9.0 | ) |
| Denver Parent Corp. (Venoco)                 | (9.1 | ) |
| Artsonig Pty Ltd                             | (21.7 | ) |
| Molycorp, Inc.                               | (22.1 | ) |
| PlayPower Holdings, Inc.                     | (39.7 | ) |

|                                          |
|------------------------------------------|
|                                          |  |  |  |
| (in millions)                            | Net Realized Gain (Loss) |
| Aventine Renewable Energy Holdings, Inc. | $ | 11.6 |  |
| First Data Corp.                         | 7.5 |  |
| Walter Energy, Inc.                      | (8.6 | ) |
| inVentiv Health, Inc.                    | (9.4 | ) |
| Altegrity Holding Corp.                  | (13.8 | ) |

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|                                           |
|-------------------------------------------|
|                                           |  |  |  |
| (in millions)                             | Net Change in Unrealized Gain (Loss) |
| Renewable Funding Group, Inc.             | $ | 8.4 |  |
| Golden Bear Warehouse LLC                 | 6.4 |  |
| Venoco, Inc.                              | (5.8 | ) |
| Aveta, Inc.                               | (7.6 | ) |
| Magnetation, LLC                          | (9.8 | ) |
| Osage Exploration & Development, Inc. | (10.0 | ) |
| Spotted Hawk Development, LLC             | (13.1 | ) |

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |
| (in millions)                                            | Net Change in Unrealized Gain (Loss) |
| Generation Brands Holdings, Inc.                         | $ | 10.9 |  |
| Playpower Holdings, Inc.                                 | 7.0 |  |
| inVentiv Health, Inc.                                    | 5.7 |  |
| RC Coinvestment, LLC                                     | (4.8 | ) |
| Gryphon Colleges Corp. (Delta Educational Systems, Inc.) | (5.8 | ) |
| First Data Corp.                                         | (6.2 | ) |
| Molycorp, Inc.                                           | (6.8 | ) |
| PetroBakken Energy Ltd.                                  | (10.7 | ) |
| Magnetation, LLC                                         | (12.4 | ) |
| Venoco, Inc.                                             | (20.0 | ) |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |
| (in millions)                             | Net Change in Unrealized Gain (Loss) |
| PlayPower Holdings, Inc.                  | $ | 21.8 |  |
| Molycorp, Inc.                            | 20.4 |  |
| Renewable Funding Group, Inc.             | 17.7 |  |
| Merx Aviation Finance, LLC                | 16.0 |  |
| Spotted Hawk Development, LLC             | (16.7 | ) |
| SquareTwo Financial Corp.                 | (17.8 | ) |
| Magnetation, LLC                          | (17.9 | ) |
| Miller Energy Resources, Inc.             | (19.2 | ) |
| Osage Exploration & Development, Inc. | (19.4 | ) |

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|                                  |
|----------------------------------|
|                                  |  |  |  |
| (in millions)                    | Net Change in Unrealized Gain (Loss) |
| Generation Brands Holdings, Inc. | $ | 23.1 |  |
| Playpower Holdings, Inc.         | 20.7 |  |
| First Data Corp.                 | (11.2 | ) |
| PetroBakken Energy Ltd.          | (12.4 | ) |
| Walter Energy, Inc.              | (12.6 | ) |
| Magnetation, LLC                 | (15.3 | ) |
| LVI Services, Inc.               | (17.9 | ) |
| Molycorp, Inc.                   | (21.7 | ) |
| Venoco, Inc.                     | (24.6 | ) |

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | 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)     | $ | 495.2 |  |   | $ | — |  |   | $ | — |  |   | $ | 495.2 |  |   | $ | — |  |
| Senior Secured Notes (Series A) | 29.0 |  |   | 29.0 |  |   | — |  |   | — |  |   | — |  |
| Senior Secured Notes (Series B) | 16.0 |  |   | — |  |   | 16.0 |  |   | — |  |   | — |  |
| 2042 Notes                      | 150.0 |  |   | — |  |   | — |  |   | — |  |   | 150.0 |  |
| 2043 Notes                      | 150.0 |  |   | — |  |   | — |  |   | — |  |   | 150.0 |  |
| 2025 Notes                      | 344.6 |  |   | — |  |   | — |  |   | — |  |   | 344.6 |  |
| Convertible Notes               | 200.0 |  |   | 200.0 |  |   | — |  |   | — |  |   | — |  |
| Total Debt Obligations          | $ | 1,384.7 |  |   | $ | 229.0 |  |   | $ | 16.0 |  |   | $ | 495.2 |  |   | $ | 644.6 |  |

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

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|     |                                                                                                                                                                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | As of December 31, 2015, aggregate lender commitments under the Senior Secured Facility totaled $1.31 billion and $0.80 billion of unused capacity. As of December 31, 2015, there were $16.3 million of letters of credit issued under the Senior Secured Facility that were not recorded as liabilities on the Company’s Statement of Assets and Liabilities. |

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|                     |
|---------------------|
|                     |  |  |  |  |  |  |
| Basis Point Change  | Net Investment Income | Net Investment Income Per Share |
| Up 400 basis points | $ | 20.8 |  million | $ | 0.091 |  |
| Up 300 basis points | $ | 14.0 |  million | $ | 0.062 |  |
| Up 200 basis points | $ | 7.2 |  million | $ | 0.032 |  |
| Up 100 basis points | $ | 0.5 |  million | $ | 0.002 |  |

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|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |
| Period*                                      | 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 12, 2015 through August 31, 2015      | 1,530,000 |  | $ | 6.57 |  | 1,530,000 |  | $ | 40.0 |  million |
| September 1, 2015 through September 25, 2015 | 1,810,400 |  | $ | 6.15 |  | 1,810,400 |  | $ | 28.8 |  million |
| November 6, 2015 through November 30, 2015   | 3,350,000 |  | $ | 6.03 |  | 3,350,000 |  | $ | 8.6 |  million |
| December 1, 2015 through December 16, 2015   | 1,882,329 |  | $ | 5.86 |  | 1,882,329 |  | $ | 47.6 |  million |
| Total                                        | 8,572,729 |  | $ | 6.12 |  | 8,572,729 |  |   |

|      |
|------|
|      |  |
| 3.1  | Articles of Amendment and Restatement, as amended (1) |
| 3.2  | Fourth Amended and Restated Bylaws (2) |
| 10.1 | Amended and Restated Senior Secured Revolving Credit Agreement, dated as of April 24, 2015, between Apollo Investment Corporation, the lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent (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 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. |

|     |                                                                                              |
|-----|----------------------------------------------------------------------------------------------|
| (2) | Incorporated by reference from the Registrant’s Form 10-K, filed on May 19, 2015. |

|     |                                                                                          |
|-----|------------------------------------------------------------------------------------------|
| (3) | Incorporated by reference from the Registrant’s Form 8-K, filed on April 30, 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 |