Powerlaw published unaudited portfolio information as of September 30, 2026, showing $422 million of cost and $666 million of fair value, including two acquired positions. Amounts remain subject to audit adjustment, and an updated schedule is expected within 60 days.

Powerlaw, Powerlaw Fund II and Powerlaw Fund Adviser seek an exemptive order allowing capital gain dividends up to 12 times per taxable year on common shares. If granted, shareholders would receive source-of-distribution notices and related disclosures for periodic distributions.

Powerlaw prepared a preliminary shelf prospectus for common stock offerings, showing $16.23 net asset value per share and an $11.00 September 30 sale price. Sales generally cannot occur below net asset value per share without specified approvals or exemptions.

Powerlaw Chief Executive Officer and Director Michael Dinsdale acquired 8,726 shares of common stock at $11.4599 per share on September 23, 2026, increasing trust-held ownership to 695,230 shares.

Powerlaw announced approval of monthly distributions at a 6.00% annual rate equal to $0.0812 per share and waived non-affiliate lock-ups effective September 24, 2026. Distributions will be automatically reinvested unless stockholders elect cash five business days before the record date.

Powerlaw’s Board of Directors approved a fiscal 2027 monthly dividend program at a 6% annual rate, or $0.0812 per share monthly, based on $16.23 NAV. Stockholders of record on October 20 receive the first payment on October 30.

Powerlaw reported unaudited net asset value per share increased from $14.69 on July 31, 2026 to $16.23 on August 31, 2026, with total net asset value of $700.5 million. Investors are notified that private investment valuations involve significant judgment.

Powerlaw’s board approved a $900,000 fidelity insurance policy from Federal Insurance for September 12, 2026, to October 9, 2027, with a $4,434 premium. Employee-related larceny and embezzlement coverage has no deductible.

Powerlaw and Powerlaw Fund II requested expedited regulatory permission to co-invest with affiliated advisers, subsidiaries and private vehicles, noting two five-member boards with three non-interested members each. If granted, co-investments would require same-class, same-price terms and board oversight.

Powerlaw updated its prospectus to set timing for monthly NAV per share and quarterly portfolio holdings information. Investors can expect monthly NAV within 15 business days, year-end month NAV within 60 days, and quarterly portfolio updates within 60 days.