AB 2020 Form 10-K

Date Declared Record Date Reinvestment Date Shares Dollar Amount 3/27/2019 3/27/2019 3/29/2019 58,319 $ 581,297 6/28/2019 6/28/2019 6/28/2019 91,975 $ 915,804 9/25/2019 9/26/2019 9/30/2019 91,341 $ 907,002 12/27/2019 12/27/2019 12/31/2020 116,815 $ 1,154,989 358,450 $ 3,559,092 Date Declared Record Date Reinvestment Date Shares Dollar Amount 6/28/2018 6/28/2018 6/29/2018 42,390 $ 424,430 9/27/2018 9/27/2018 9/28/2018 34,652 $ 347,908 12/27/2018 12/27/2018 12/31/2018 51,184 $ 507,333 128,226 $ 1,279,671 Share Repurchase Plan On March 23, 2018, the Small Business Credit Availability Act (the “SBCAA”) was signed into law. The SBCAA, among other things, modifies the applicable provisions of the 1940 Act to reduce the required asset coverage ratio applicable to BDCs from 200% to 150% subject to certain approval, time and disclosure requirements (including either stockholder approval or approval of a majority of the directors who are not interested persons of the BDC and who have no financial interest in the proposal). On September 26, 2018, the Fund’s stockholders approved the reduction of the asset coverage ratio applicable to the Fund from 200% to 150%. Pursuant to the SBCAA, on November 27, 2018, the Fund extended to its stockholders as of such date the opportunity to sell the shares held by that stockholder as of such date, with 25% of those shares to be repurchased in each of the four calendar quarters following the calendar quarter in which the approval was obtained. There were no shares repurchased during the year ended December 31, 2020. The following table summarizes shares repurchased during the year ended December 31, 2019: Tender Period Payment Date Shares Dollar Amount Average Price Paid Per Share (1) 2/22/2019—3/26/2019 3/28/2019 7,331 $ 72,668 $ 9.91 5/17/2019—6/25/2019 6/28/2019 7,529 $ 75,042 $ 9.97 8/16/2019—9/25/2019 9/25/2019 8,478 $ 84,413 $ 9.95 23,338 $ 232,123 (1) Per share price disclosed in this column is the actual price at which each share was repurchased. The following table summarizes shares repurchased during the year ended December 31, 2018: Tender Period Payment Date Shares Dollar Amount Average Price Paid Per Share (1) 11/27/2018—12/27/2018 12/28/2018 6,785 $ 68,122 $ 10.04 6,785 $ 68,122 (1) Per share price disclosed in this column is the actual price at which each share was repurchased. 8. Earnings Per Share The following information sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2020, December 31, 2019 and December 31, 2018: For the year ended December 31, 2020 For the year ended December 31, 2019 For the year ended December 31, 2018 Net increase (decrease) in net assets from operations $ 8,501,562 $ 5,567,442 $ 1,578,601 Weighted average common shares outstanding 18,603,813 10,024,619 3,718,757 Earnings per common share-basic and diluted $ 0.46 $ 0.56 $ 0.42 F-42