tiprankstipranks
Gladstone Capital Approves New Advisory Agreement
Market News

Gladstone Capital Approves New Advisory Agreement

Gladstone Capital Corp (GLAD) has released an update to notify the public and investors about the submission of matters to a vote of security holders.

Don't Miss our Black Friday Offers:

Gladstone Capital Corporation held a reconvened Special Meeting of Stockholders on January 24, 2024, where stockholders approved a new investment advisory agreement with Gladstone Management Corporation. The proposal’s approval leads to the creation of a voting trust agreement which will hold David Gladstone’s 100% interest in the adviser. The voting trust becomes effective upon David Gladstone’s death, his own election, or after one year, transferring voting rights to the trust’s board. Despite these changes, the Adviser’s senior management will continue their day-to-day operations.

For further insights into GLAD corporate activity, check out TipRanks’ Insiders Trading Activity page.

Related Articles
TipRanks Auto-Generated NewsdeskGladstone Capital Announces Leadership Transition and Strategy Shift
TipRanks Auto-Generated NewsdeskGladstone Capital Reports Strong Fiscal Year Results
TipRanks Auto-Generated NewsdeskGladstone Capital Announces Supplemental Cash Distribution
Go Ad-Free with Our App