Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Management Agreement under which the Manager manages day-to-day operations for a management fee of 1.5% per annum of stockholders' equity up to $500 million and 1.00% above that.
Incentive distribution to the Manager under the Operating Partnership partnership agreement, based on incentive fee core earnings above an 8% hurdle.
Company reimburses the Manager for operating expenses incurred for the Company and may pay its pro rata share of the Manager's rent and overhead.
Company's $125.0 million commitment to invest in a parallel vehicle fund managed by the Manager.
Loan opportunities referred to and funded by clients of the Manager, with the Company receiving a referral fee of 0.6% of unpaid principal balance.
Proposed sale of one Company loan to a client of the Manager, sale price still under discussion.
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