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Capital Southwest Announces Special Meeting of Shareholders
Special Meeting to be held on October 11, 2023 DALLAS, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (the “Company” or “Capital Southwest”)
About this update from Capital Southwest Corporation
[{"type":"text","content":"Special Meeting to be held on October 11, 2023\nDALLAS, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (the “Company” or “Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an upcoming Special Meeting of Shareholders (the “Special Meeting”) to be held virtually on October 11, 2023. Shareholders will soon be receiving a formal notice of the Special Meeting and a proxy statement outlining the proposals being considered for a shareholder vote. These matters are of utmost importance and relate to a proposed amendment to the Company’s Charter to increase the number of authorized shares of common stock from 40,000,000 to 75,000,000 shares. The additional authorized shares of common stock will allow the Company to continue its strong track record of growing the asset base by pursuing attractive investment opportunities consistent with the Company’s investment strategy. If the Company were unable to access the equity capital markets by issuing additional common shares, the Company’s ability to grow the balance sheet could be adversely affected. It is important that all shares be represented at the Special Meeting. The Company has hired a proxy solicitor who may be contacting shareholders prior to the Special Meeting to assist in the voting process. Every vote is very important to the Company, regardless of the number of shares held. About Capital SouthwestCapital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.3 billion in investments at fair value as of June 30, 2023. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $35 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time. Additional Information and Where to Find ItIn connection with the Special Meeting the Company intends to file with the ...