Exhibit 2.D.11

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

☐

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(B)(2)

 

 

UMB BANK, NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

44-0194180

I.R.S. Employer Identification No.

 

928 Grand Boulevard, 12th Fl.

Kansas City, Missouri

   64106
(Address of principal executive offices)   (Zip Code)

Lara Stevens

UMB BANK, NATIONAL ASSOCIATION

1010 Grand Blvd.

Kansas City, MO 64106

(816) 860-3017

(Name, address and telephone number of the agent for service)

 

 

Gladstone Investment Corporation

(Issuer with respect to the Securities)

 

 

 

Delaware   83-0423116
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

 

1521 Westbranch Drive, Suite 100

McLean, Virginia

   22102
(Address of Principal Executive Offices)   (Zip Code)

 

 

Senior Debt Securities

(Title of the Indenture Securities)

 

 

 

FORM T-1

 

Item 1.

GENERAL INFORMATION. Furnish the following information as to the Trustee.

 

  a)

Name and address of each examining or supervising authority to which it is subject.

The Comptroller of the Currency

Mid-Western District

2345 Grand Avenue, Suite 700

Kansas City, Missouri 64108

Federal Reserve Bank of Kansas City

Federal Reserve P.O. Station

Kansas City, Missouri 64198

Supervising Examiner

Federal Deposit Insurance Corporation

720 Olive Street, Suite 2909

St. Louis, Missouri 63101

 

  b)

Whether it is authorized to exercise corporate trust powers.

Yes

 

Item 2.

AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

 

Items 3-15

Not Applicable

 

Item 16.

LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1.

A copy of the Articles of Association of the Trustee (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008).

 

  2.

Certificate of Authority from the Comptroller of the Currency evidencing a change of the corporate title of the Association (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008).

 

  3.

Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-74008).

 

  4.

Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008).

  5.

A copy of each Indenture referred to in Item 4. Not applicable.

 

  6.

Consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008).

 

  7.

Report of Condition of the Trustee as of June 30, 2021 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, UMB BANK, NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the city of Kansas City, State of Missouri on the 26th day of August 2021.

 

By:   /s/ Douglas G. Hare
 

Douglas G. Hare

 

Senior Vice President

Exhibit 7

(See Attached)

Umb Bank, National Association - FDIC Certificate Number: 8273   
Consolidated Report of Condition for Insured Banks and Savings Associations for June 30, 2021   

FFIEC 031

Page 17 of 89

RC-1

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 

    

Dollar Amounts in Thousands

    RCFD      Amount      

Assets

                 

1. Cash and balances due from depository institutions (from Schedule RC-A):

                 

a. Noninterest-bearing balances and currency and coin (1)

               0081        469,274     1.a.

b. Interest-bearing balances (2)

               0071        5,029,089     1.b.

2. Securities:

                 

a. Held-to-maturity securities (from Schedule RC-B, column A) (3)

               JJ34        1,081,173     2.a.

b. Available-for-sale debt securities (from Schedule RC-B, column D)

               1773        10,347,472     2.b.

c. Equity securities with readily determinable fair values not held for trading (4)

               JA22        36,245     2.c.

3. Federal funds sold and securities purchased under agreements to resell:

                 

a. Federal funds sold

          RCON      B987        0     3.a.

b. Securities purchased under agreements to resell (5,6)

          RCFD      B989        1,146,521     3.b.

4. Loans and lease financing receivables (from Schedule RC-C):

               RCFD       

a. Loans and leases held for sale

               5369        5,303     4.a.

b. Loans and leases held for investment

         B528      16,910,758         4.b.

c. LESS: Allowance for loan and lease losses (7)

         3123      200,563         4.c.

d. Loans and leases held for investment, net of allowance (item 4.b minus 4.c)

               B529        16,710,195     4.d.

5. Trading assets (from Schedule RC-D)

               3545        33,611     5.

6. Premises and fixed assets (including capitalized leases)

               2145        219,235     6.

7. Other real estate owned (from Schedule RC-M)

               2150        1,860     7.

8. Investments in unconsolidated subsidiaries and associated companies

               2130        0     8.

9. Direct and indirect investments in real estate ventures

               3656        0     9.

10. Intangible assets (from Schedule RC-M)

               2143        150,044     10.

11. Other assets (from Schedule RC-F) (6)

               2160        1,146,296     11.

12. Total assets (sum of items 1 through 11)

               2170        36,376,318     12.

Liabilities

                 

13. Deposits:

               RCON       

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, Part I)

               2200        30,275,926     13.a.

(1) Noninterest-bearing (8)

    RCON      6631      12,740,486         13.a.1.

(2) Interest-bearing

    RCON      6636      17,535,440         13.a.2.

b. In foreign offices, Edge and Agreement subsidiaries, and IBFs

               RCFN       

(from Schedule RC-E, Part II)

               2200        0     13.b.

(1) Noninterest-bearing

    RCFN      6631      0         13.b.1.

(2) Interest-bearing

    RCFN      6636      0         13.b.2.

14. Federal funds purchased and securities sold under agreements to repurchase:

                 

a. Federal funds purchased in domestic offices (9)

          RCON      B993        157,748     14.a.

b. Securities sold under agreements to repurchase (10)

          RCFD      B995        2,625,641     14.b.

15. Trading liabilities (from Schedule RC-D)

          RCFD      3548        0     15.

16. Other borrowed money (includes mortgage indebtedness) (from Schedule RC-M)

          RCFD      3190        0     16.

 

 

1

Includes cash items in process of collection and unposted debits.

2

Includes time certificates of deposit not held for trading.

3

Institutions that have adopted ASU 2016-13 should report in item 2.a amounts net of any applicable allowance for credit losses, and item 2.a should equal Schedule RC-B, item 8, column A, less Schedule RI-B, Part II, item 7, column B.

4

Item 2.c is to be completed by all institutions. See the instructions for this item and the Glossary entry for “Securities Activities” for further detail on accounting for investments in equity securities.

5

Includes all securities resale agreements, regardless of maturity.

6

Institutions that have adopted ASU 2016-13 should report in items 3.b and 11 amounts net of any applicable allowance for credit losses.

7

Institutions that have adopted ASU 2016-13 should report in item 4.c the allowance for credit losses on loans and leases.

8

Includes noninterest-bearing, demand, time, and savings deposits.

9

Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”

10

Includes all securities repurchase agreements, regardless of maturity.

 

Reporting Period: June 30, 2021   July 30, 2021    12:11 PM

Umb Bank, National Association - FDIC Certificate Number: 8273   
Schedule RC—Continued   

FFIEC 031

Page 18 of 89

RC-2

 

    

Dollar Amounts in Thousands

    RCFD      Amount      
Liabilities - continued                                   

17. and 18. Not applicable 19. Subordinated notes and debentures (1)

               3200        0     19.

20. Other liabilities (from Schedule RC-G)

               2930        380,269     20.

21. Total liabilities (sum of items 13 through 20)

               2948        33,439,584     21.

22. Not applicable

                 

Equity Capital

                 

Bank Equity Capital

                 

23. Perpetual preferred stock and related surplus

               3838        0     23.

24. Common stock

               3230        21,250     24.

25. Surplus (excludes all surplus related to preferred stock)

               3839        849,822     25.

26. a. Retained earnings

               3632        1,836,319     26.a.

b. Accumulated other comprehensive income (2)

               B530        229,343     26.b.

c. Other equity capital components (3)

               A130        0     26.c.

27. a. Total bank equity capital (sum of items 23 through 26.c)

               3210        2,936,734     27.a.

b. Noncontrolling (minority) interests in consolidated subsidiaries

               3000        0     27.b.

28. Total equity capital (sum of items 27.a and 27.b)

               G105        2,936,734     28.

29. Total liabilities and equity capital (sum of items 21 and 28)

               3300        36,376,318     29.

Memoranda

To be reported with the March Report of Condition.

 

          RCFD      Number       

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2020

      6724        NR      M.1.

 

1a =    An integrated audit of the reporting institution’s financial statements and its internal control over financial reporting conducted in accordance with the standards of the American Institute of Certified Public Accountants (AICPA) or the Public Company Accounting Oversight Board (PCAOB) by an independent publicaccountant that submits a report on the institution   2b =    An audit of the reporting institution’s parent holding company’s consolidated financial statements only conducted in accordance with the auditing standards of the AICPA or the PCAOB by an independent public accountant that submits a report on the consolidated holding company (but not on the institution separately)
1b =    An audit of the reporting institution’s financial statements only conducted in accordance with the auditing standards of the AICPA or the PCAOB by an independent public accountant that submits a report on the institution   3 =    This number is not to be used
  4 =    Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state-chartering authority)
2a =    An integrated audit of the reporting institution’s parent holding company’s consolidated financial statements and its internal control over financial reporting conducted in accordance with the standards of the AICPA or the PCAOB by an independent public accountant that submits a report on the consolidated holding company (but not on the institution separately)   5 =    Directors’ examination of the bank performed by other external auditors (may be required by state-chartering authority)
  6 =    Review of the bank’s financial statements by external auditors
  7 =    Compilation of the bank’s financial statements by external auditors
  8 =    Other audit procedures (excluding tax preparation work)
  9 =    No external audit work

 

To be reported with the March Report of Condition.    RCON      Date       

2. Bank’s fiscal year-end date (report the date in MMDD format)

      8678        NR      M.2.

 

1

Includes limited-life preferred stock and related surplus.

2

Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and accumulated defined benefit pension and other postretirement plan adjustments.

3

Includes treasury stock and unearned Employee Stock Ownership Plan shares.

 

Reporting Period: June 30, 2021   July 30, 2021    12:11 PM