Item 5.07. Submission of Matters to a Vote of Security Holders.
On October 28, 2020, TCG BDC, Inc. (the “Company”) held a special meeting of stockholders (the “Meeting”) virtually. Stockholders considered one proposal, as described in the Company’s proxy statement filed on August 6, 2020.
As of July 29, 2020, the record date for the Meeting, there were 56,307,951 shares of common stock outstanding and entitled to vote at the Meeting. There were 29,088,227 shares of common stock of the Company present or represented at the Meeting, constituting a quorum.
The final voting results for the proposal submitted to a vote of stockholders at the Meeting are set forth below. The proposal was approved by the requisite vote.
Proposal 1. The proposal to authorize the Company, with the approval of the Company’s board of directors, to sell or otherwise issue shares of the Company’s common stock, during the next 12 months following stockholder approval, at a price below the then-current net asset value per share, subject to certain limitations described in the proxy statement (including that the number of shares issued does not exceed 25% of the Company’s then-outstanding common stock immediately prior to each such offering).
The vote on the proposal, including affiliated and unaffiliated shares, was as follows:
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For
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Against
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Abstain
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Broker Non-Votes
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24,110,321
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4,483,174
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494,732
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0
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The vote on the proposal, adjusted for 2,786,015 affiliated shares, was as follows:
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For
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Against
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Abstain
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Broker Non-Votes
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21,324,306
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4,483,174
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494,732
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0
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