Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

For the years ended December 31, 2025 and December 31, 2024, the Company reclassified balances as follows:


($ in thousands)	December 31, 2025			December 31, 2024
Distributable earnings	$	15		$	974
Paid-in capital in excess of par	$	(15	)	$	(974	)

Schedule of Tax Character of Distributions Paid

The tax character of distributions paid for the year ended December 31, 2025 and December 31, 2024 are as follows:


	For the Year Ended		For the Year Ended
($ in thousands)	December 31, 2025		December 31, 2024
Ordinary Income	$	45,090	$	10,023
Long-Term Capital Gain	$	-	$	-
Return of Capital	$	-	$	-

Components of Accumulated Earnings (Deficit) on Tax Basis

For the years ended December 31, 2025 and December 31, 2024, the components of accumulated earnings (deficit) on a tax basis was as follows:


($ in thousands)	December 31, 2025			December 31, 2024
Undistributed ordinary income	$	490		$	583
Capital Loss Carry Forwards		(7,208	)		(73	)
Net unrealized appreciation (depreciation)		(171	)		292
Other temporary book/tax differences		-			(33	)
Total accumulated earnings (deficit)	$	(6,889	)	$	769

Schedule of Tax Cost and Gross Unrealized Appreciation/(Depreciation) from Investments

For the years ended December 31, 2025 and December 31, 2024, the tax cost and gross unrealized appreciation/(depreciation) from investments were as follows:


($ in thousands)	December 31, 2025			December 31, 2024
Tax Cost	$	1,507,038		$	947,345
Gross unrealized appreciation		2,315			1,958
Gross unrealized depreciation		(2,486	)		(1,666	)
Net unrealized investment appreciation (depreciation) on investments	$	(171	)	$	292

Overland Advantage 10-K