Sixth Street Specialty Lending (TSLX) Proxy Filing summary

Executive summary

• A special meeting is scheduled for May 22, 2025, to vote on authorizing the company to issue shares below net asset value (NAV) under specific conditions for up to 25% of outstanding shares per offering.

• The board unanimously recommends voting in favor, citing flexibility to access capital markets during volatility and to pursue investment opportunities.

• Authorization, if approved, is effective for 12 months and does not obligate the company to issue shares below NAV immediately.

• The company has not previously issued shares below NAV under prior authorizations.

Voting matters and shareholder proposals

• The sole proposal is to authorize issuance of common stock below NAV, subject to board approval and a 25% cap per offering.

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

• Abstentions count as votes against; broker non-votes are not expected.

• No other business will be conducted at the special meeting.

• Procedures for submitting proposals for the 2026 annual meeting are outlined.

Board of directors and corporate governance

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

• Beneficial ownership by directors and officers is detailed, with no individual or group owning more than 3.22% of shares.

• Some shares held by directors and officers are pledged as collateral for lines of credit.