Financial Highlights (Tables)

3 Months Ended

Mar. 31, 2025

The following is a schedule of financial highlights for the three months ended March 31, 2025.


	For the three months ended March 31,
	2025 (2)
Per Share Data*
Net asset value beginning of period	$	—
Net investment income (1)		0.44
Net realized and change in unrealized gains (losses) (1)		0.00
Net increase in net assets resulting from operations		0.44
Net increase (decrease) in net assets relating to capital share transactions(6)		25.00
Net asset value at end of period	$	25.44

Total return (3)		1.77	%
Shares outstanding at end of period (1)		22,533,408
Weighted average shares outstanding (1)		22,533,408

Ratio/Supplemental Data
Net assets at end of period (in thousands)	$	573,297
Annualized ratio of total expenses to average net assets (4)		16.55	%
Annualized ratio of net investment income to average net assets (4)		18.83	%
Portfolio turnover rate		1.16	%
Asset coverage per unit (5)	$	1,974

* Totals may not foot due to rounding.

(1)

Financial highlights are based on the activity and weighted average number of shares outstanding for the period presented.

(2)

Amounts have been derived based on the activity and the weighted average number of shares outstanding started on January 24, 2025.

(3)

Total return is calculated as the change in NAV per share divided by the beginning NAV per share (which for the purposes of this calculation is equal to the net offering price in effect at the commencement of investment operations). Total return is not annualized

(4)

For the period ended March 31, 2025 amounts are annualized except for organizational costs.

(5)

The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the asset coverage per unit. As of March 31, 2025, the Company's asset coverage was 197%.

(6)

The amount shown at this caption is the balancing amount derived from the other figures in this schedule. The amount shown for capital share transactions, including share issuances, will fluctuate due to the timing of the share issuances and the weighted average shares over the period.

Apollo Origination II (Levered) Capital Trust 10-Q