CM Finance Inc Announces Results from its 2017 Annual Meeting of Stockholders
November 07 2017 - 12:52PM
CM Finance Inc (the “Company”) (NASDAQ:CMFN) announced today that
it will reconvene its 2017 Annual Meeting of Stockholders (the
“Annual Meeting”) on November 30, 2017 at 3:00 p.m. (Eastern Time)
at the offices of Eversheds Sutherland (US) LLP, The Grace
Building, 40th Floor, 1114 Avenue of the Americas, New York,
NY 10036.
At the reconvened Annual Meeting, stockholders will vote on the
proposal to authorize the Company, with the approval of the Board
of Directors, to sell or otherwise issue up to 25% of the Company’s
outstanding common stock at an offering price that is below the
Company’s then current net asset value per share. This proposal is
the second proposal described in detail in the Company’s definitive
proxy statement for the Annual Meeting as filed with the Securities
and Exchange Commission on September 20, 2017 (the “Proxy
Statement”).
Stockholders of record at the close of business on September 8,
2017 are entitled to notice of, and to vote at the Annual Meeting
and any adjournment or postponement of the meeting. As of September
8, 2017, the record date, 13,689,723 shares of common stock were
entitled to vote at the Annual Meeting. Stockholders who have
already voted on the second proposal found in the Proxy Statement
need not submit another vote unless they wish to change their
votes. Stockholders who have not voted or wish to change their vote
on the second proposal found in the Proxy Statement are encouraged
to do so promptly. You may vote by signing your proxy card and
returning it promptly in the self-addressed envelope provided with
your proxy card. You may also vote your proxy electronically by
telephone or over the Internet by following the instructions
included with your proxy card. The Proxy Statement and the
Company’s annual report on Form 10-K for the year ended June 30,
2017 are available at the following cookies-free website that can
be accessed
anonymously: www.proxyonline.com/docs/cmfinanceinc2017.pdf.
On November 7, 2017, prior to the adjournment of the Annual
Meeting, Keith Lee and Julie Persily were elected to the Company’s
Board of Directors to serve for three-year terms expiring in 2020,
or until their successors are duly elected and qualified and the
Company’s stockholders voted to approve the adjournment of the
Annual Meeting, if necessary or appropriate, to solicit additional
proxies.
About CM Finance Inc
The Company is an externally-managed,
closed-end, non-diversified management investment company that has
elected to be regulated as a business development company under the
Investment Company Act of 1940. The Company’s investment
objective is to maximize the total return to its stockholders in
the form of current income and capital appreciation through debt
and related equity investments by targeting investment
opportunities with favorable risk-adjusted returns. The Company
seeks to invest primarily in middle-market companies that have
annual revenues of at least $50 million and earnings before
interest, taxes, depreciation and amortization of at least $15
million. The Company’s investment activities are managed by its
investment adviser, CM Investment Partners LLC. To learn more about
CM Finance Inc, please visit www.cmfn-inc.com.
Forward-Looking Statements
Statements included herein may contain
“forward-looking statements,” which relate to future performance or
financial condition. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of assumptions, risks and uncertainties, which
change over time. Actual results may differ materially from those
anticipated in any forward-looking statements as a result of a
number of factors, including those described from time to time in
filings by the Company with the Securities and Exchange Commission.
The Company undertakes no duty to update any forward-looking
statement made herein except as required by law. All
forward-looking statements speak only as of the date of this press
release.
ContactsCM Finance IncInvestor Relations Email:
investorrelations@cmipllc.comPhone: 212-257-5199
CM Financial (NASDAQ:CMFN)
Historical Stock Chart
From Jun 2024 to Jul 2024
CM Financial (NASDAQ:CMFN)
Historical Stock Chart
From Jul 2023 to Jul 2024