BOCA RATON, Fla., June 01, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced that earlier today at a special meeting of shareholders (the “Special Meeting”), Newtek shareholders overwhelmingly approved a proposal authorizing the Company’s Board of Directors to discontinue the Company’s election to be regulated under the Investment Company Act of 1940, as amended (the “1940 Act”) (subject to certain regulatory approvals and closing conditions described in the Company’s Proxy Statement dated May 2, 2022) (the “Proposal”). As disclosed in the Company’s Form 8-K filed today, 89% of the votes cast at the Special Meeting were in favor of the Proposal.
Newtek Business Services Corp. Receives Shareholder Approval to Discontinue the Company’s Election to be Regulated Under the Investment Company Act of 1940
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