Wed, Aug 14, 9:01 PM (153 days ago)
As of June 30, 2024, Willow Tree Capital Corporation reported minimal financial activity, with total assets of $1,020, primarily in cash, and no operational revenues or expenses. The company has not commenced investment operations, focusing instead on organizational activities. It issued 68 shares of common stock, raising $1,020, and plans to operate as a Business Development Company (BDC) and a regulated investment company (RIC) in the future. The financial statements indicate a net asset value per share of $15.00, reflecting the company's initial capital structure. The management discussion emphasizes the company's strategy to generate income through floating-rate middle-market senior secured loans, although no investments have yet been made. Future operations may be impacted by market conditions, interest rate fluctuations, and the company's ability to source and manage investments effectively. Risks include potential borrower defaults and geopolitical uncertainties. The financial condition appears stable, but the lack of operational activity raises questions about future revenue generation and profitability.