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Page: 1 ABCs of BDCs - Sutherland + McGladrey v6.pptx The ABCs of BDCs

BDC Overview

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Key facts about Business Development Company (BDC)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    The ABCs of BDCs

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Speakers

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Speakers

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Webinar Notes

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    CPE and CLE Credit

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What is a Business Development Company?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What is a Business Development Company? (cont)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the Benefits of the BDC as an Investment Vehicle?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    How Did the BDC Industry Develop?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    How Does a Company Become a BDC?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What Must a BDC Invest In?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the Borrowing Limitations?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Can a BDC Engage in Transactions with Affiliates?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the Reporting Requirements?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the NYSE/Nasdaq/NYSE AMEX Reporting Requirements?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    How do BDCs Value Their Assets?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Principles of Valuation

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Positive and Negative Factors that Impact Valuation

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What is Required to Set Up a BDC Valuation Process?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the Key Controls in the Valuation Process?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What is the Audit Process for Valuation?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the Required Financial Statement Disclosures Regarding Valuation?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the Valuation Hot Topics in 2011?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Accounting Standards Update (ASU) 2011-04

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    ASU 2011-04 (cont)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    ASU 2011-04 (cont)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    ASU 2011-04 (cont)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    ASU 2011-04 (cont)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    How Can a BDC Compensate its Adviser?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    How is the Advisers Incentive Fee Calculated?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    How are BDCs Taxed?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the Independence Requirements?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    How is an Audit Client Defined?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Affiliate Rules Applied

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Investment Company Complex

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Which Non-Audit Services are Allowed to be Performed?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Non-Audit Services: Sometimes Allowed

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Example: Sometimes Allowed Services

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the 1940 Act Operational Requirements?

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the 1940 Act Operational Requirements? (cont)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    What are the 1940 Act Operational Requirements? (cont)

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    ABCs of BDCs - Sutherland + McGladrey v6.pptx

    Questions and More Information

    The ABCs of BDCsSpeakersSpeakersWebinar NotesCPE and CLE CreditWhat is a Business Development Company?What is a Business Development Company? (cont)What are the Benefits of the BDC as an Investment Vehicle?How Did the BDC Industry Develop?How Does a Company Become a BDC?What Must a BDC Invest In?What are the Borrowing Limitations?Can a BDC Engage in Transactions with Affiliates?What are the Reporting Requirements?What are the NYSE/Nasdaq/NYSE AMEX Reporting Requirements?How do BDCs Value Their Assets? Principles of Valuation Positive and Negative Factors that Impact Valuation What is Required to Set Up a BDC Valuation Process?What are the Key Controls in the Valuation Process?What is the Audit Process for Valuation?What are the Required Financial Statement Disclosures Regarding Valuation? What are the Valuation Hot Topics in 2011?Accounting Standards Update (ASU) 2011-04ASU 2011-04 (cont)ASU 2011-04 (cont)ASU 2011-04 (cont)ASU 2011-04 (cont)How Can a BDC Compensate its Adviser?How is the Advisers Incentive Fee Calculated?How are BDCs Taxed?What are the Independence Requirements?How is an Audit Client Defined?Affiliate Rules AppliedInvestment Company ComplexWhich Non-Audit Services are Allowed to be Performed?Non-Audit Services: Sometimes AllowedExample: Sometimes Allowed ServicesWhat are the 1940 Act Operational Requirements?What are the 1940 Act Operational Requirements? (cont)What are the 1940 Act Operational Requirements? (cont)Questions and More Information