Ares Capital stockholders authorize below-NAV share issuance at special meeting

ARES CAPITAL CORP

Proposal to issue shares below NAV up to 25% of outstanding approved with 216.5M votes for, 52.5M against.
Excluding affiliated holders, votes were 210.3M for, 52.5M against, 8.6M abstain.
Special meeting held August 8, 2023; 544.6M shares outstanding on record date May 24, 2023.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

ARES CAPITAL CORP shareholders approved Authorize sale or issuance of shares below net asset value at the 2023-08-08 meeting.

Outcome: passed
Meeting: 2023-08-08

Exact text from the filing

The proposal to authorize the Company, with the approval of its board of directors, to sell or otherwise issue shares of its common stock at a price below its then current net asset value per share subject to certain limitations (including, without limitation, that the number of shares issued does not exceed 25% of its then outstanding shares of common stock) was approved, based on the following votes: All stockholders: FOR AGAINST ABSTAIN 216,451,408 52,458,588 8,611,546

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1179 shareholder votes filed in the last 30 days. Browse all shareholder votes →

ARES CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001287750-23-000039

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