TriplePoint Venture Growth BDC Corp. (TPVG) Earnings Call Transcript & Summary

Good day, and welcome to the TriplePoint Venture Growth 2020 Annual Meeting of Stockholders. I would now like to turn the conference over to Jim Labe. Please go ahead.

Thank you. Good morning, ladies and gentlemen. It is a pleasure to welcome you to the 2020 Annual Meeting of Stockholders of TriplePoint Venture Growth BDC Corp. I am Jim Labe, Chairman of the Board of Directors and Chief Executive Officer of the company, and I will be presiding at this meeting. This meeting was called to be held at 10:30 a.m. Pacific Time today. It being 10:30 a.m., I will now call the meeting to order pursuant to the bylaws of the company and written notice to all stockholders. Pursuant to the company's bylaws, Chris Mathieu, the company's Chief Financial Officer, has been appointed to serve as the inspector of the election for this meeting. I request that he file his oath of office with Sajal Srivastava, the company's Chief Investment Officer, President and Corporate Secretary, who is serving as the Secretary for this meeting, for inclusion in the minutes of this meeting. Will the Corporate Secretary please report on the proof of notice of meeting?

Thank you, Jim. The company's Board of Directors adopted resolutions on February 28, 2020, providing for the meeting to be held at this time and directing that notice be given as provided in the company's bylaws. The Board also fixed April 6, 2020, as the record date for determining persons entitled to notice of and entitled to vote at this annual meeting of stockholders. Each of the stockholders of record on April 6, 2020, was mailed a proxy statement and proxy card on or around April 10, 2020, including the notice of annual meeting of stockholders. I have here an affidavit of mailing, sworn to by a representative of Broadridge Financial Solutions, Inc. and duly signed, stating that such notice as well as the proxy statement and proxy card was mailed to each stockholder of record as of April 6, 2020. I also have a copy of the 2019 annual report, which includes financial statements certified by Deloitte. A copy of this annual report was sent or made available to each stockholder entitled to vote at this meeting and an electronic copy of the annual report is available on the website used to access this meeting. The notice of meeting and the affidavit of mailing together with the attachments thereto and the 2019 annual report will be filed with the minutes of this meeting.

Thank you, Sajal. Mr. Srivastava and I have each been appointed as a proxy to vote the shares of all stockholders of the company who have properly returned their proxy cards to be voted at this meeting or otherwise properly submitted instructions. Sajal, will you please present the report on attendance at this meeting so that we can determine whether a quorum is present?

On April 6, 2020, the record date for the annual meeting, there were outstanding entitled to vote a total of 30,746,131 shares of the company's stock. Based on the preliminary tabulation of votes received, the inspector of election has informed me that we do not have a majority of votes entitled to be cast on the record date present in person or by proxy. As a result, we do not have a quorum present today for the conduct of business as set forth in the notice of meeting.

Because we do not have a quorum present today for the conduct of business, I, as Chairman of the meeting, hereby adjourn the 2020 Annual Meeting of Stockholders of TriplePoint Venture Growth BDC Corp. in order to solicit additional shares to be cast in person or by proxy in order to reach a quorum. The 2020 Annual Meeting of Stockholders will be reconvened on May 29, 2020, at 10:30 a.m. Pacific time and will be held by means of a virtual meeting with stockholders of record as of April 6, 2020. We'll be able to access by visiting www.virtualshareholdermeeting.com/TPVG2020 and entering their control number included on their proxy card or other annual meeting materials. Please note that the proxy you have submitted will remain valid for the reconvened meeting. If you have not voted, we ask that you do so as soon as possible. Of course, if you wish to change your vote, you may do so by executing another later-dated proxy. Also, you may attend the reconvened meeting and vote at that time. We advise all stockholders to review any additional notices we may deliver to them in connection with the adjournment of the annual meeting and to visit our corporate website and view our filings with the SEC for any additional details regarding how to access, participate in and vote at the reconvened annual meeting on May 29, 2020. I thank everyone for your attendance and regret any inconvenience that the adjournment has caused you. The annual meeting is now adjourned.

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.