other material
confidence high
sentiment neutral
materiality 0.30
Gladstone Capital enters new advisory agreement with same adviser after change of control
GLADSTONE CAPITAL CORP
- New advisory agreement effective Jan 24, 2025, with Gladstone Management Corp; terms unchanged from prior agreement.
- Agreement follows change of control of adviser due to previously disclosed voting trust arrangement.
- Fee structure unchanged: 1.75% annual base management fee on gross assets plus incentive fee with 7% hurdle.
- Stockholders approved the new agreement at Jan 24, 2024 meeting.
- No changes to services or compensation; only date and term differ from April 2022 agreement.