BDC Facts & Stats | 28 
Managerial 
Services 
Compensation/Allocation of Costs and  
Expenses 
Indemnification 
Delegation 
Allowed 
No 
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 of overhead 
and other expenses in performing 
obligations, except aggregate amounts of 
expenses accrued for reimbursement 
pertaining to direct compensation costs of 
financial, compliance, and accounting 
personnel services for BDC, inclusive of fees 
charged by any sub-administrator to 
provide such financial, compliance, and/or 
accounting personnel to BDC, during year 
ending 11/04/2017 shall not exceed 0.50% 
of BDC’s average NAV during such period. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
No 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities, which 
include, but are not limited to, (i) 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 CFO, CCO, and their respective 
staffs, and (ii) any additional amount based 
on managerial services provided to portfolio 
companies which shall not exceed amount 
received from such portfolio companies for 
providing such managerial services, 
including for outsourcing. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
Yes 

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