other material
confidence high
sentiment neutral
materiality 0.15
Ares Capital stockholders authorize issuance of shares below NAV for 12 months
ARES CAPITAL CORP
- Proposal to sell shares below NAV approved with 286,084,869 FOR and 63,903,043 AGAINST.
- Authorization allows up to 25% of outstanding common shares to be issued below NAV.
- Authorization effective for 12 months through August 8, 2026.
- Excluding affiliated holders, FOR votes were 279,483,225; AGAINST 63,903,043; ABSTAIN 11,635,163.