|8-KFeb 18, 2:47 PM ET

Redwood Enhanced Income Corp. 8-K

Research Summary

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Updated

Redwood Enhanced Income Corp. Approves BDC Withdrawal and Conversion

What Happened

  • Redwood Enhanced Income Corp. filed an 8-K on February 18, 2026 reporting that at a Special Meeting stockholders approved two proposals: (1) withdrawal of the Company’s election to be regulated as a business development company (BDC) under the Investment Company Act of 1940, and (2) conversion from a Maryland corporation to a Delaware limited partnership pursuant to a plan of conversion.
  • A total of 17,188,991.27 shares were present in person or by proxy out of 17,194,188.52 shares outstanding and entitled to vote. Both proposals were approved unanimously: 17,188,991.27 votes for, 0 against, 0 abstentions, 0 broker non‑votes for each proposal.

Key Details

  • Filing date: February 18, 2026 (Form 8‑K).
  • Shares present/voting: 17,188,991.27 of 17,194,188.52 outstanding.
  • Vote results (both proposals): For 17,188,991.27; Against 0; Abstain 0; Broker Non‑Votes 0.
  • Actions approved: Withdrawal of BDC election and conversion to a Delaware limited partnership under a plan of conversion.

Why It Matters

  • The company will no longer be regulated as a BDC under the Investment Company Act once the withdrawal is implemented, and it will change its legal form from a Maryland corporation to a Delaware limited partnership.
  • These changes can affect the company’s governance, regulatory framework, and how investors are treated legally and for tax purposes; investors should watch for follow‑up filings that provide implementation details, effective dates, and any impacts on distributions, voting rights, or tax reporting.