M&A: Monroe Capital Income Plus Corp

Form Type: DEF 14A

Filing Date: 2024-12-27

Corporate Action: Merger

Type: New

Accession Number: 000174231324000123

Comments: Monroe Capital Income Plus Corporation filed a definitive proxy statement to seek stockholder approval for a new investment management agreement with Monroe Capital BDC Advisors LLC due to an upcoming change of control. This change is triggered by Wendel SE's acquisition of a 75% interest in Monroe Capital LLC, which will affect the management structure but not the investment strategy or operational team. The existing advisory arrangement will be replaced by the New Advisory Agreement to comply with the Investment Company Act of 1940 requirements following this change of control. The Board of Directors unanimously recommends approving the new agreement, which maintains identical terms to the existing agreement, to ensure seamless management continuity. Stockholders are encouraged to vote, with the Special Meeting scheduled for February 21, 2025, and materials distributed around December 27, 2024.

Document Link: View Document