Sixth Street Specialty Lending Inc

1. 1

   Authorization to Sell or Otherwise Issue Common Stock Below Net Asset Value (NAV

   ManagementBoard: FOR

   Seek shareholder approval to allow the Company, with Board approval and subject to specified conditions, to sell or issue shares of common stock at a price below its then-current NAV in one or more public or private offerings, with each offering limited to no more than 25% of the Company’s then-outstanding common stock and an authorization effective for one year.

   More detail

   This management proposal asks shareholders to approve a one-year authorization allowing the Company, subject to Board approval and specified safeguards, to issue shares of common stock at prices below the then-current NAV in one or more public or private offerings, with each offering capped at no more than 25% of outstanding shares. Management is seeking this authority to provide rapid access to equity capital during periods of market volatility, enabling the Company to pursue attractive investment or acquisition opportunities and to shore up capital to comply with regulatory requirements and debt covenants (notably the 2:1 debt-to-equity constraint under the 1940 Act). The Board emphasizes that such flexibility may prevent forced asset sales at disadvantageous prices and could reduce expenses per share and support dividend sustainability by expanding the asset base. The proposal includes procedural safeguards: a required majority of non-interested and independent directors must determine the transaction is in the Company’s and stockholders’ best interests, and directors must determine in good faith that the sale price closely approximates market value less any distributing commission or discount. Management discloses potential conflicts of interest, noting that increased assets would raise management fees, but the Board concluded benefits outweigh detriments and may consider anti-dilution measures such as rights offerings when appropriate. The authorization places no cap on the discount level but limits the size of each offering to 25% of outstanding shares and is time-limited to one year, which constrains duration but not depth of discounts. For investors, the primary risks include immediate NAV dilution to non-participating holders and potential downward pressure on market price in anticipation of discounted issuances; the proxy provides illustrative dilution scenarios to inform shareholder voting. The Board recommends a FOR vote, arguing that the strategic and balance-sheet flexibility gained justifies the measured risk of dilution given the procedural protections and the opportunistic investment environment the Company may face.

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When is the Sixth Street Specialty Lending Inc 2026 special meeting?

Sixth Street Specialty Lending Inc (TSLX) holds its 2026 special shareholder meeting on Thursday, May 21, 2026.

What is the record date for the Sixth Street Specialty Lending Inc 2026 meeting?

The record date for the Sixth Street Specialty Lending Inc 2026 meeting is Tuesday, March 31, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Sixth Street Specialty Lending Inc's 2026 meeting?

The board is presenting 4 director nominees at the Sixth Street Specialty Lending Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Sixth Street Specialty Lending Inc 2026 meeting?

Shareholders will vote on 1 proposal at the Sixth Street Specialty Lending Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.