BDC Facts & Stats | 14 
Managerial 
Services 
Compensation/Allocation of Costs and  
Expenses 
Indemnification 
Delegation 
Allowed 
e 
s 
ny 
 
m 
g, 
Yes 
The expenses incurred by the Adviser and 
its officers, when and to the extent engaged 
in providing investment advisory and 
management services hereunder, and the 
compensation and routine overhead 
expenses of such personnel allocable to 
such services, shall be provided and paid for 
by the Adviser and not by the Company. 
Unless the Adviser elects to bear or waive 
any other costs (in its sole and absolute 
discretion), the Company shall bear all other 
costs and expenses of its operations and 
transactions. 
Yes (except for 
fraud, willful 
misfeasance, 
bad faith or 
gross 
negligence in 
the 
performance of 
the Adviser’s 
duties or by 
reason of the 
reckless 
disregard of the 
Adviser’s duties 
and 
obligations). 
No 
o 
or 
gs 
f 
Yes 
Reimbursement for all costs and expenses 
related to investment operations and its 
investment transactions. 
Yes (except for 
willful 
misfeasance, 
bad faith or 
gross 
negligence in 
the 
performance of 
duties or by 
reason of the 
reckless 
disregard of 
duties and 
obligations). 
No 

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