Item 5.07. Submission of Matters to a Vote of Security Holders.
Set forth below are descriptions of the matters voted on at the 2021 Annual
Meeting of Stockholders (the "Annual Meeting") of
Broker Director For Against Abstain Non-Votes David Mihalick 44,893,322 883,539 105,393 - Thomas W. Okel 37,418,462 8,356,207 107,585 Jill Olmstead 37,455,756 8,324,300 102,198 -
Proposal 2 - Approval to Sell Shares of Common Stock Below Net Asset Value Stockholders approved a proposal to authorize the Company, pursuant to subsequent approval of its Board of Directors, to issue and sell shares of its common stock (during the twelve months following such authorization) at a price below the Company's then-current net asset value per share in one or more offerings, subject to certain limitations set forth in the Proxy Statement (including, without limitation, that the number of shares issued and sold pursuant to such authority does not exceed 30% of the Company's then-outstanding common stock immediately prior to each such offering), based on the following votes:
All stockholders: For Against Abstain Broker Non-Votes 42,314,944 3,342,106 225,204 -
This proposal was also approved by the Company's non-affiliated stockholders by a vote of 28,573,273 shares for, and 3,342,106 shares against, with 225,204 shares abstaining and no broker non-votes. The number of votes cast in favor of this proposal represents both (1) a majority of the outstanding shares of the Company's common stock; and (2) a majority of the outstanding shares of the Company's common stock that are not held by affiliated persons of the Company. For purposes of this proposal, the Investment Company Act of 1940, as amended, defines a "majority of the outstanding shares" as the vote of the lesser of: (1) 67% or more of the voting securities of the Company present at the Annual Meeting, if the holders of more than 50% of the outstanding voting securities of the Company are present or represented by proxy; or (2) more than 50% of the outstanding voting securities of the Company.
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