Ares Capital Corporation (ARCC) announced that its stockholders have approved a proposal authorizing the company to sell or issue shares of its common stock at a price below its then-current net asset value (NAV) per share. This provides the company with greater financial flexibility for the next year.

Key Details

  • Authorization Period: The approval is effective for a twelve-month period, expiring on August 13, 2027.
  • Issuance Limit: The number of shares that can be issued below NAV is capped at 25% of the company's then-outstanding common stock.
  • Vote Results: The proposal was approved at a special meeting on August 13, 2026, with 287,240,274 votes for and 70,093,164 votes against.