SL Investment Corp.: M&A transaction — SL Investment Corp. acquired by North Haven Private Income Fund in cash merger for $20.59 per share

SL Investment Corp.

Merger closed July 15, 2024; each share of common stock converted to $20.59 in cash.
All 521 shares of 12.0% Series A Cumulative Preferred Stock redeemed at $1,000 per share plus accrued dividends.
Shareholders unanimously approved the merger agreement on July 13, 2024.
All directors and named executive officers departed as of the merger effective time.
Board declared a distribution of $0.04829 per share payable July 25, 2024 to holders of record July 14.

item 2.01 item 3.03 item 5.01 item 5.02 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SL Investment Corp. underwent a change of control involving North Haven Private Income Fund LLC for $20.59 per share in cash (closed 2024-07-15).

Action: change of control
Counterparty: North Haven Private Income Fund LLC
Consideration: $20.59 per share in cash
Closing: 2024-07-15

Exact text from the filing

Merger, each outstanding share of the Company’s common stock, other than shares of common stock held by PIF, was converted into the right to receive an amount in cash equal to $20.59. The foregoing description of the Merger Agreement is a summary only and is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which was

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Source: SEC EDGAR

accession 0001104659-24-079865

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