Sixth Street Specialty Lending (TSLX) Proxy Filing summary

Executive summary

• A special meeting of stockholders is scheduled to consider authorizing the company to issue shares below net asset value (NAV), with the number of shares not to exceed 25% of outstanding common stock per offering, subject to board approval and specific conditions.

• The board unanimously recommends voting in favor of the proposal, citing increased financial flexibility, access to capital during market volatility, and the ability to pursue attractive investment opportunities.

• The authorization, if approved, will be effective for a twelve-month period following the meeting.

Voting matters and shareholder proposals

• The sole proposal is to authorize the company to sell or issue shares below NAV, with no other substantive business to be conducted at the special meeting.

• Approval requires an affirmative vote by a majority as defined under the Investment Company Act of 1940, including a majority of non-affiliated shareholders.

• Abstentions and broker non-votes will have the effect of a vote against the proposal.

• Stockholder proposals for the 2026 annual meeting must comply with SEC and bylaw requirements and be submitted by specified deadlines.

Board of directors and corporate governance

• The board, including a majority of independent directors, has approved and recommends the proposal.

• John Ross, a director, will retire effective May 22, 2025, and will not stand for re-election.

• The board will consider potential conflicts of interest and the impact on management fees when evaluating any issuance below NAV.