Kayne Anderson BDC (KBDC) investor relations material

Executive summary

• The 2026 Annual Meeting for both companies will be held virtually on June 11, 2026, with stockholders voting on director elections and auditor ratification.

• Stockholders of record as of April 13, 2026, are entitled to vote, with materials available online and by request.

• Both companies are managed by affiliates of Kayne Anderson, with over $40 billion in assets under management as of December 31, 2025.

Voting matters and shareholder proposals

• Proposal One: Election of Albert (Al) Rabil III and Susan C. Schnabel as directors for a three-year term until the 2029 Annual Meeting.

• Proposal Two: Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2026.

• Board unanimously recommends voting "FOR" all proposals.

• Shareholders may submit proposals for the 2027 meeting between February 11 and March 15, 2027.

Board of directors and corporate governance

• Boards are divided into three classes with staggered terms; majority are independent directors.

• Board leadership includes a Chairman and Lead Independent Director; independent directors meet separately from management.

• Committees include Audit, Nominating, and (for KBDC) Pricing; all committee members are independent.

• Board reviews leadership structure annually and emphasizes diversity in director selection.