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Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) conducted its virtual annual shareholder meeting on May 29, 2025. Shareholders as of March 31, 2025, were eligible to vote, with 51,217,252 shares of common stock outstanding. A quorum of 28,557,074 shares was present or represented by proxy.
Two key proposals were on the agenda. The first involved the election of Class II directors. Reena Aggarwal and James Ritchie were elected as Class II directors, set to serve until the 2028 annual meeting. Aggarwal received 25,743,860 votes in favor, with 2,813,214 votes withheld. Ritchie garnered 25,750,097 votes for and 2,806,977 votes withheld.
The second proposal sought authorization for the company to issue shares below the current net asset value per share, subject to board approval. This proposal did not pass, as it failed to receive sufficient votes. The tally showed 20,311,635 votes in favor, 8,031,531 against, and 213,908 abstentions.
The information is based on a press release statement.
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