| November 8, 2012 |
VIA EDGAR |
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
| Re: | Rule 17g-1 Fidelity Bond Filing for the following business development company: |
| Monroe Capital Corporation (the “Company”) |
| (File No. 333-172550) |
Ladies and Gentlemen:
Enclosed for filing, pursuant to Rule 17g-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), please find the following information with respect to the Company. Please note the following for the Commission’s records:
| 1. | A copy of an Investment Company Bond issued by Travelers – St. Paul Fire and Marine Insurance Company (the “Bond”), Bond No. 14T19079, which lists the Company as an insured, is enclosed under Exhibit 99-1. |
| 2. | A certificate of the Company’s Corporate Secretary in which he attests to the authenticity and accuracy of resolutions adopted by the members of the Company’s Board of Directors (including those members who are not “interested persons,” as defined in the 1940 Act, of the Company) which authorize the purchase of a bond in a form and in an amount which is consistent with Rule 17g-1 under the 1940 Act, is enclosed under Exhibit 99-2. |
| 3. | The Bond premium has been paid for the coverage period from October 25, 2012 to October 25, 2013, and the Bond is written for a $2,500,000 limit of liability. |
Very truly yours,
/s/ Aaron D. Peck
Aaron D. Peck, Chief Compliance Officer
| SelectOneSM Bond |
|
TRAVELERS
SUITE 2200
200 NORTH LASALLE STREET
CHICAGO, IL 60601
10/24/2012
AON RISK SERVS CENTRAL
RYAN O´HARE
200 E RANDOLPH ST 13TH FL
CHICAGO, IL 60601
| Binder |
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| Bond Policy Number: | 14T19079 | Prior Bond Number: |
We are pleased to offer the following Binder for Investment Company Blanket Bond coverages.
| Insured: | Monroe Capital Corporation Chicago, IL 60606 |
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| Company: | St. Paul Fire & Marine Insurance Company | |||||
| Term: | 10/25/2012 to 10/25/2013 | |||||
| Commission: | 15.0% | |||||
| Bond Premium Payable [Pre-Paid]: | $7,404 | |||||
| Bill Type: | Agency Bill | |||||
| Payment Type: | Lump Sum / Full Pay | 1 installments | ||||
| Insuring Agreements | --- Single Loss --- |
---- Single Loss ---- | ||||
| All insuring agreements are shown. A checked checkbox indicates an agreement that was selected by the insured. | ||||||
| þ(A) Fidelity | $2,500,000 | $100,000 | ||||
| ¨Data Processing Organizations |
||||||
| ¨Partners |
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| þ(B)Audit Expense | $100,000 | $0 | ||||
| þ(C)Premises | Same As Insuring Agreement A | Same As Insuring Agreement A | ||||
| þ(D)Transit | Same As Insuring Agreement A | Same As Insuring Agreement A | ||||
| þ(E) Forgery or Alteration | $2,500,000 | $100,000 | ||||
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| SelectOneSM Bond |
|
| Insuring Agreements | --- Single Loss --- |
---- Single Loss ---- | ||
| All insuring agreements are shown. A checked checkbox indicates an agreement that was selected by the insured. |
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| þ(F) Securities | $2,500,000 | $100,000 | ||
| þ(G) Counterfeit Currency | Same As Insuring Agreement A | Same As Insuring Agreement A | ||
| þ(H) Stop Payment | $100,000 | $5,000 | ||
| þ(I)Uncollectible Items of Deposit | $100,000 | $5,000 | ||
| þComputer Systems | $2,500,000 | Same As Insuring Agreement A | ||
| þVoice Initiated Transactions | $2,500,000 | $100,000 | ||
| þTelefacsimile | $2,500,000 | $100,000 | ||
| þUnauthorized Signature | $2,500,000 | $100,000 | ||
| ¨Registered Representatives | ||||
| ¨Extortion — Threats to Persons and Property | ||||
| Endorsements | ||
| Form # |
Form Title | |
| ICB001 |
Investment Company Blanket Bond Declarations Page | |
| ICB005 |
Investment Company Blanket Bond Form | |
| ICB011 |
Computer Systems | |
| ICB012 |
Unauthorized Signature | |
| ICB013 |
Telefacsimile Coverage | |
| ICB014 |
Voice Initiated Transactions | |
| ICB016 |
Definition of Investment Company | |
| ICB025 |
Amend General Agreement A — Newly Created Investment Companies | |
| ICB026 |
Add Exclusions N&O (Mandatory) | |
| ICB027 |
Joint Loss Payee Rider |
Proposal Subjectivities — For Investment Company Blanket Bond
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| SelectOneSM Bond |
|
| þ | A Travelers Investment Company Blanket Bond Application, (ICB003) that must be properly completed, signed and dated prior to 30 days after inception. |
Thank you for considering the Travelers for your client’s specialty insurance coverages. Please call if you have any questions regarding the terms and conditions offered here.
| Michael Parduhn |
Telephone: | 312/458-6688 | ||
| Underwriting Manager, Bond |
Facsimile: | 312/458-6674 | ||
| E-mail Address: | MPARDUHN@travelers.com |
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IMPORTANT NOTICE REGARDING COMPENSATION DISCLOSURE
For information about how Travelers compensates independent agents, brokers, or other insurance producers, please visit this website:
http://www.travelers.com/w3c/legal/Producer_Compensation_Disclosure.html
If you prefer, you can call the following toll-free number: 1-866-904-8348. Or you can write to us at Travelers, Enterprise Development, One Tower Square, Hartford, CT 06183
D0148 Ed. 05-08
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Secretary’s Certificate
The undersigned hereby certifies that the below resolutions of Monroe Capital Corporation’s Board of Directors, dated October 22, 2012, is authentic.
IN WITNESS WHEREOF, I have hereunto set my hand as of the 8th day of November, 2012.
| /s/ Aaron D. Peck |
| Aaron D. Peck Corporate Secretary |
RESOLUTIONS OF THE BOARD OF DIRECTORS OF
MONROE CAPITAL CORPORATION
Held October 22, 2012
The Board of Directors (the “Board”) of Monroe Capital Corporation, a Maryland corporation (the “Corporation”), hereby (1) takes the following actions and adopts the following resolutions at a meeting of the Board held on October 22, 2012; and (2) directs the Secretary of the Corporation to file these resolutions with the minutes of the proceedings of the Corporation:
WHEREAS, the Board has reviewed the Corporation’s Financial Institution Bond No. 14T19079 on the terms set forth therein, issued by Aon plc. (the “Fidelity Bond”); and
WHEREAS, the Board has considered, among other things, the required amount of fidelity bond coverage for an insured bond under the Investment Company Act of 1940, as amended (the “1940 Act”) and the form and amount of fidelity bond coverage in light of the value of the assets of the Corporation;
THEREFORE BE IT RESOLVED, that the members of the Board, a majority of whom are not interested persons under the 1940 Act, hereby acknowledge and agree that the Fidelity Bond is reasonable in form and amount;
RESOLVED, FURTHER, that the appropriate officers of the Corporation be, and they hereby are, authorized to enter into the Fidelity Bond for the Corporation;
RESOLVED, FURTHER, that any and all previous actions taken by the Corporation’s officers, principals or agents in connection with the Fidelity Bond be, and hereby are, approved and ratified as duly authorized actions of the Corporation.
RESOLVED, FURTHER, that the appropriate officers of the Corporation be, and each of them hereby is, authorized and directed, for and on behalf of the Corporation, to file the Fidelity Bond with the Securities and Exchange Commission and to give the notices with respect to such bond required by the 1940 Act.