AB 2020 Form 10-K

The following table shows the amortized cost and fair value of the Fund’s performing and non-accrual debt investments as of December 31, 2019: As of December 31, 2019 Amortized Cost Percentage at Amortized Cost Fair Value Percentage at Fair Value Performing $339,969,950 100% $338,013,752 100% Non-accrual — — — — Total $339,969,950 100% $338,013,752 100% Generally, when interest and/or principal payments on a loan become past due, or if the Fund otherwise does not expect the borrower to be able to service its debt and other obligations, the Fund will place the loan on non-accrual status and will cease recognizing interest income on that loan for financial reporting purposes until all principal and interest have been brought current through payment or due to restructuring such that the interest income is deemed to be collectible. The Fund generally restores non-accrual loans to accrual status when past due principal and interest is paid and, in the management’s judgment, is likely to remain current. As of December 31, 2020 and 2019, the Fund had no investments that were on non-accrual status. The following table shows the amortized cost and fair value of the investment portfolio and cash and cash equivalents as of December 31, 2020: As of December 31, 2020 Amortized Cost Percentage of Total Fair Value Percentage of Total First Lien Senior Secured Debt $518,106,245 92.25% $511,197,686 92.03% Second Lien Junior Secured Debt $ 11,315,669 2.01% $ 11,396,369 2.05% Preferred Stock $ 6,993,227 1.25% $ 7,495,949 1.35% Common Stock $ 2,076,055 0.37% $ 2,663,040 0.48% Warrants $ 737,264 0.14% $ 281,986 0.05% Cash and cash equivalents $ 22,410,622 3.98% $ 22,410,622 4.04% Total $561,639,082 100% $555,445,652 100% The following table shows the amortized cost and fair value of the investment portfolio and cash and cash equivalents as of December 31, 2019: As of December 31, 2019 Amortized Cost Percentage of Total Fair Value Percentage of Total First Lien Senior Secured Debt $332,320,392 91.85% $330,393,205 91.79% Second Lien Junior Secured Debt $ 7,649,558 2.11% $ 7,620,547 2.11% Preferred Stock $ 4,648,225 1.28% $ 4,861,847 1.35% Common Stock $ 1,624,199 0.45% $ 1,518,353 0.42% Warrants $ 631,366 0.17% $ 631,366 0.18% Cash and cash equivalents $ 14,931,791 4.14% $ 14,931,791 4.15% Total $361,805,531 100% $359,957,109 100% 64