Garrison Capital - Investor Relations

CORPORATE GOVERNANCE - HIGHLIGHTS

Governance Documents

On March 28, 2018, a "required majority," as defined in Section 57(o) of the Investment Company Act of 1940, as amended (the "1940 Act"), of the Board of Directors of Garrison Capital Inc. (the "Company") approved the application of Section 61(a)(2) of the 1940 Act to the Company. As a result of such approval and subject to satisfying certain disclosure requirements, effective on March 28, 2019, the Company will be able to incur additional leverage, as the asset coverage requirements for senior securities (leverage) applicable to the Company pursuant to Sections 18 and 61 of the 1940 Act will be reduced to 150% (equivalent to a 66-2/3% debt-to-total capital ratio) from 200%.