UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
Implementation of Distribution Reinvestment Plan
On August 9, 2024, the Board of Directors (the “Board”) of Steele Creek Capital Corporation (the “Company”) approved the implementation of a distribution reinvestment plan (the “Distribution Reinvestment Plan”), effective on September 1, 2024 (the “Effective Date”).
Pursuant to the Distribution Reinvestment Plan, the Company will reinvest all cash dividends declared by the Board on behalf of stockholders who do not elect to receive their dividends in cash. As a result, if the Board authorizes, and the Company declares, a cash dividend or other distribution, then new stockholders after the Effective Date who have not opted out of the Distribution Reinvestment Plan will have their cash distributions automatically reinvested in additional shares of common stock of the Company (“Common Stock”), rather than receiving the cash dividend or other distribution. Stockholders who subscribed prior to the Effective Date will continue to automatically receive their distributions in cash.
If any stockholder initially elects to not to participate in the Distribution Reinvestment Plan, or is an existing stockholder as of the Effective Date, they may later become a participant by subsequently completing and executing an enrollment form or any distribution authorization form as may be available from the Company or U.S. Bancorp Fund Services, LLC, (the “Plan Administrator”) at alternativefundsupport@usbank.com. Participation in the Distribution Reinvestment Plan will begin with the next distribution payable after acceptance of a participant’s subscription, enrollment or authorization. The timing and amount of any future distributions to stockholders are subject to applicable legal restrictions and the sole discretion of the Board.
The foregoing description is only a summary of the Distribution Reinvestment Plan and is qualified in its entirety by reference to a copy of the Distribution Reinvestment Plan, which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit | Description | |
99.1 | Distribution Reinvestment Plan. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Steele Creek Capital Corporation | ||
Date: September 1, 2024 | By: | /s/ Douglas S. Applegate, Jr. |
Name: | Douglas S. Applegate, Jr. | |
Title: | Chief Financial Officer |
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