Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 58

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 58
---
, which means that holders of a majority of the outstanding shares of common stock can elect all of our directors. 69

The following are our outstanding classes of securities as of January 31, 2025:

| (1)Title of Class |     | (2)Amount Authorized |             |     | (3)Amount Held by Registrant or 
 for its Account                 |   |     | -4)Amount OutstandingExclusive of Amount ShownUnder Column (3 |            |
| Common Stock      |     |                      | 200,000,000 |     |                                 | — |     |                                                               | 37,061,547 |

Preferred Stock Our Charter authorizes our Board to classify any unissued shares of stock and reclassify any previously class ified but unissued shares of stock into otherclasses or series of stock, including preferred stock. Prior to issuance of shares of each class or series, the Board is required by Maryland law and by our charter to set the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications and terms or conditions of redemption for each class or series. Thus, our Board could authorize the issuance of shares of our preferred stock with terms and conditions that could have the effect of delaying, deferring or preventing a transaction or a change in control that might involve a premium price for holders of our common stock or otherwise be in their best interest. You should note, however, that any issuance of preferred stock must comply with the requirements of the 1940 Act. The 1940 Act requires, among other things, that (a) immediately after issuance and before any dividend or other distribution is made with respect to our common stock and before any purchase of common stock is made, such preferred stock together with all other indebtedness and senior securities must not exceed an amount equal to 50% of our total assets after deducting the amount of such dividend, distribution or purchase price, as the case may be and (b) the holders of shares of preferred stock, if any are issued, must be entitled as a class to elect two directors at all times and to elect a majority of the directors if dividends on such preferred stock are in arrears by two years or more. Certain matters under the 1940 Act require the separate vote of the holders of any issued and outstanding preferred stock. For example, holders of preferred stock would vote separately from the holders of common stock on a proposal to cease operations as a BDC.We believe that the availability