|November 13, 2014||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”)|
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. ZBN-15R2765A-13-N2, 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, 2014 to October 25, 2015, 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
The undersigned hereby certifies that the below resolutions adopted at a duly called meeting of Monroe Capital Corporation’s Board of Directors on November 5, 2014, are authentic.
IN WITNESS WHEREOF, I have hereunto set my hand as of the 13th day of November, 2014.
/s/ Aaron D. Peck
Aaron D. Peck
RESOLUTIONS OF THE BOARD OF DIRECTORS OF
MONROE CAPITAL CORPORATION
Adopted at a duly called meeting on November 5, 2014
WHEREAS, the Board, by resolutions adopted at a duly called meeting on October 22, 2012, approved that the officers of the Corporation, among other things, establish a bond issued by Travelers-St. Paul Fire & Marine Insurance Company, a reputable fidelity insurance company, against larceny and embezzlement, covering each officer and employee of the Corporation, who may have access to securities or funds of the Corporation, either directly or through authority to draw upon such funds or to direct generally the disposition of such securities (“Fidelity Bond”), pursuant to Rule 17g-1 of the Investment Company Act of 1940 Act (the “1940 Act”), and to file with the Securities and Exchange Commission all such agreements, instruments, certificates, permits and other documents as may be necessary, required or advisable in order to maintain such Fidelity Bond; and
WHEREAS, pursuant to Rule 17g-1 of the 1940, the Corporation is required to maintain adequate coverage under the Fidelity Bond; and
WHEREAS, on October 27, 2014, the officers of the Corporation, on behalf of the Corporation, entered into a renewal of the Fidelity Bond for the following year, which includes coverage of $2,500,000 (the “New Fidelity Bond”), which exceeds the minimum amount required by Rule 17g-1;
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 New 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 New 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 New 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 New Fidelity Bond with the Securities and Exchange Commission and to give the notices with respect to such bond, if any, required by the 1940 Act.