UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 19, 2017
HANCOCK PARK CORPORATE INCOME, INC.
(Exact name of Registrant as specified in its charter)
Maryland | 814-01185 | 81-0850535 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
10 S. Wacker Drive, Suite 2500 Chicago, Illinois | 60606 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (847) 734-2000
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒ |
Item 8.01 Other Events
Reduced Base Management Fee
On May 19, 2017, Hancock Park Corporate Income, Inc., a Maryland corporation (the “Company”), accepted a letter from OFS Capital Management, LLC (the “Adviser”) and Evolv Capital Advisors LLC (the “Sub-Adviser”) pursuant to which the Adviser agreed to permanently reduce the Base Management Fee that it is entitled to receive under the Investment Advisory and Management Agreement dated as of July 15, 2016, by and between the Company and the Adviser from 2.0% per annum to 1.25% per annum (the “Reduced Fee”). The Sub-Adviser will continue to receive the amount of management fees allocated to it pursuant to the Investment Sub-Advisory Agreement dated as of July 15, 2016 by and among the Adviser, the Sub-Adviser and the Company, subject to the Reduced Fee.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Hancock Park Corporate Income, Inc. | ||
Date: May 19, 2017 | By: | /s/ Bilal Rashid |
Chief Executive Officer | ||