The Company announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the “Convertible Notes”) as a result of the Company’s cash dividend of $0.57 per share consisting of a regular dividend of $0.42 per share and a supplemental dividend of $0.15 per share, payable on July 15, 2022 to stockholders of record as of June 30, 2022. The ex-dividend date for such dividends was June 29, 2022.
announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the “Convertible Notes”) as a result of the Company’s cash dividend of $0.57 per share consisting of a regular dividend of $0.42 per share and a supplemental dividend of $0.15 per share, payable on July 15, 2022 to stockholders of record as of June 30, 2022. The ex-dividend date for such dividends was June 29, 2022.
The adjustment to the conversion rate of the Convertible Notes is being made pursuant to the second supplemental indenture, dated as of December 11, 2020, governing the Convertible Notes as a result of the Company’s regular quarterly cash dividend discussed above exceeding the initial dividend threshold of $0.30 per share of common stock set forth in the second supplemental indenture and the Company paying a supplemental cash dividend. As of 2022-06-29, the Fund’s leverage was 51.7% and Debt Focused BDC Group leverage was 49.3%.