UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(A) of the
Securities Exchange Act of 1934
Filed by the Registrantx
Filed by a Party other than the Registrant¨
Check the appropriate box:
¨ | Preliminary Proxy Statement |
¨ | Confidential, for Use of the Commission Only (as permitted by Rule 14a 6(e)(2)) |
¨ | Definitive Proxy Statement |
x | Definitive Additional Materials |
¨ | Soliciting Material Pursuant to §240.14a 12 |
Business Development Corporation of America
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
¨ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| (1) | Title of each class of securities to which transaction applies: |
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| (2) | Aggregate number of securities to which transaction applies: |
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| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
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| (4) | Proposed maximum aggregate value of transaction: |
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¨ | Fee paid previously with preliminary materials. |
¨ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| (1) | Amount Previously Paid: |
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| (2) | Form, Schedule or Registration Statement No.: |
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Dear Financial Advisors,
As you may be aware, there is a proxy campaign underway for the Annual Meeting of Stockholders for Business Development Company of America ("BDCA"). At least one of your clients holds an investment in BDCA.
The Annual Meeting of Stockholders is scheduled for May 30, 2018. Shareholders are being asked to elect two members to the Company's Board of Directors and, authorize the Company, with approval of its Board of Directors, to sell or otherwise issue up to 25% of the Company's outstanding common stock at a price below the Company's then current net asset value per share.
Details on the upcoming Annual Meeting of Stockholders and links to the proxy statement, annual report and letter to stockholders are provided for your reference below:
Proxy Statement
Annual Report
Reminder Letter
BDCA has engaged Broadridge as its proxy solicitor this year. Proxy solicitation costs are borne by BDCA and its stockholders and can be substantial. Encouraging your clients to vote today will help us manage such costs and will avoid the need for our proxy solicitor, Broadridge, to initiate further calls or mailings to them.
If you have any questions, please call 844-785-4393.
Thank you,
Richard Byrne
Chairman and CEO