BDC Facts & Stats | 22 
Managerial 
Services 
Compensation/Allocation of Costs and  
Expenses 
Indemnification 
Delegation 
Allowed 
g 
d 
al 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities, which 
include, but are not limited to, amounts 
based upon allocable portion (subject to 
review and approval of BDC’s board of 
directors) of overhead in performing 
obligations, including rent, fees, and 
expenses associated with performing 
compliance functions, and allocable portion 
of cost of officers, including CEO, CFO, CCO, 
CAO, if any, and their respective staffs, 
including for outsourcing. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
Yes 
g 
d 
al 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities, which 
include, but are not limited to, amounts 
based upon allocable portion(subject to 
review and approval of BDC’s board of 
directors) of overhead in performing 
obligations, including rent and allocable 
portion of cost of officers, including CFO 
and CCO and their respective staffs 
(amounts payable in any quarter through 
12/31/2013 will not exceed the greater of 
(i) 0.375% of average assets for such 
quarter and (ii) $375,000), including for 
outsourcing. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
Yes 

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