On November 30, 2019, in connection with changes in management at Alcentra NY, LLC (the “Adviser”), the external investment adviser to Alcentra Capital Corporation, Vijay Rajguru resigned from his positions as Chairman of the Company’s board of directors (the “Board”) and as a member of the Board, each effective immediately. Mr. Rajguru’s resignation was not the result of a disagreement with the Company on any matter relating to its operations, policies or practices. The Board, upon recommendation from its Nominating and Corporate Governance Committee, has appointed Edward Grebow, a member of the Board since 2016, to serve as Chairman of the Board, and has appointed Suhail A. Shaikh, the Company’s Chief Executive Officer, to serve on the Board to fill the vacant seat created by Mr. Rajguru’s resignation, each effective immediately. Mr. Shaikh serves as the Chief Executive Officer of the Company and previously served as Co-President of the Company from June 2018 to March 2019. He also serves as Managing Director and Head of U.S. Direct Lending at the Adviser. Mr. Shaikh also served as a Senior Investment Professional at Solar Capital Partners, a private credit fund advisor, from 2011 to 2018 and as a Managing Director at Bank of America Merrill Lynch from 2005 to 2011.