BCP Investment Corporation (BCIC) Proxy Filing summary

Executive summary

• Special meetings for both companies' stockholders rescheduled to June 20, 2025, to allow more time for voting on the proposed merger.

• Strong support for the merger from stockholders who have already voted and endorsements from ISS and Glass Lewis.

• The merger aims to combine the operations of two business development companies focused on middle-market investments.

• Forward-looking statements highlight anticipated synergies, cost savings, and operational benefits from the merger, while noting associated risks and uncertainties.

Voting matters and shareholder proposals

• Stockholders are being asked to approve the share issuance proposal (PTMN) and the merger proposal (LRFC) in connection with the merger.

• Both boards unanimously recommend voting in favor of the proposals.

• ISS and Glass Lewis have recommended stockholders vote in favor of the merger.

• Record date for voting eligibility is May 6, 2025; proxies already submitted remain valid unless revoked.

Board of directors and corporate governance

• Directors and executive officers of both companies, as well as certain employees of their advisers, are participants in the proxy solicitation.

• Information about directors and executive officers is available in recent SEC filings.