other material
confidence high
sentiment negative
materiality 0.15
TCPC shareholders approve directors but fail to renew below-NAV share sale authorization; meeting adjourned to June 13
BlackRock TCP Capital Corp.
- Six directors re-elected: Eric J. Draut, Karen L. Leets, Andrea L. Petro, M. Freddie Reiss, Peter E. Schwab, Rajneesh Vig.
- Each director received over 23.4M votes for and fewer than 1.54M withheld, with zero broker non-votes.
- Proposal to renew below-NAV stock sale authorization failed to pass; meeting adjourned to June 13, 2023.
- As of March 27, 2023 record date, 57,767,264 shares outstanding, including 302,179 owned by affiliates.