Capital Southwest (CSWC) Proxy filing summary

Executive summary

• Proposal seeks to increase authorized common stock from 75 million to 135 million shares to maintain financial flexibility and support long-term growth.

• Approximately 89% of votes cast as of August 3, 2026, support the proposal, but two-thirds of all outstanding shares are required for approval under Texas law.

• Approval would not immediately result in share issuance but ensures capacity for future opportunities and prudent capital allocation.

• Since 2015, $993 million in equity capital has been raised at a 131% premium to NAV, supporting portfolio and dividend growth.

• Failure to approve may constrain ability to raise equity, limiting investment and balance sheet flexibility.

Voting matters and shareholder proposals

• Shareholders are urged to vote for the charter amendment to increase authorized shares, with major proxy advisors recommending approval.

• Shareholders who voted against may change their vote before the deadline; multiple voting methods are available.

Board of directors and corporate governance

• Board of Directors unanimously recommends voting for the amendment to increase authorized shares.