Item 5.07. Submission of Matters to a Vote of Security Holders.
On October 19, 2020, Garrison Capital Inc. (the "Company") held its special
meeting of stockholders (the "Special Meeting"). At the Special Meeting, the
Company's stockholders approved two proposals. The issued and outstanding shares
of stock of the Company entitled to vote at the Special Meeting consisted
of 16,049,352 shares of common stock outstanding on the record date, August 27,
2020. The final voting results from the Special Meeting were as follows:
Proposal 1. To adopt the Agreement and Plan of Merger, dated as of June 24,
2020, by and among Portman Ridge Finance Corporation ("PTMN"), Citadel
Acquisition Sub Inc. ("Merger Sub"), the Company and Sierra Crest Investment
Management LLC and approve the transactions contemplated thereby (collectively,
the "Merger"), including the merger of Merger Sub with and into the Company and
immediately thereafter the merger of the Company with and into PTMN
(collectively, the "Merger Proposal").
Votes For Votes Against Abstentions
9,312,975 100,285 53,806
Proposal 2. To approve the adjournment of the Special Meeting, if necessary or
appropriate, to solicit additional proxies in the event that there are
insufficient votes at the time of the Special Meeting to approve the Merger
Proposal.
Votes For Votes Against Abstentions
9,300,414 109,777 56,875
The Merger is currently expected to close on or about October 28, 2020, subject
to satisfaction or waiver of customary closing conditions.
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