File no. 333-232124
UNITED STATES
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 March 31, 2020 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 22nd day of May 2020.
By: | /s/ Douglas G. Hare |
|||
Douglas G. Hare | ||||
Senior Vice President |
Exhibit 7
(See Attached)
Umb Bank, National Association - FDIC Certificate Number: 8273 | Submitted to CDR on 04/30/2020 at 12:40 PM |
Consolidated Report of Condition for Insured Banks and Savings Associations for March 31, 2020 | FFIEC 041 Page 17 of 85 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 RCBalance Sheet
Dollar Amounts in Thousands | RCON | Amount | ||||||||||||||
Assets |
||||||||||||||||
1. Cash and balances due from depository institutions (from Schedule RC-A): |
||||||||||||||||
a. Noninterest-bearing balances and currency and coin (1) |
0081 | 346,365 | 1.a. | |||||||||||||
b. Interest-bearing balances (2) |
0071 | 1,208,929 | 1.b. | |||||||||||||
2. Securities: |
||||||||||||||||
a. Held-to-maturity securities (from Schedule RC-B, column A) (3) |
JJ34 | 1,110,925 | 2.a. | |||||||||||||
b. Available-for-sale securities (from Schedule RC-B, column D) |
1773 | 7,638,715 | 2.b. | |||||||||||||
c. Equity securities with readily determinable fair values not held for trading (4) |
JA22 | 107 | 2.c. | |||||||||||||
3. Federal funds sold and securities purchased under agreements to resell: |
||||||||||||||||
a. Federal funds sold |
B987 | 0 | 3.a. | |||||||||||||
b. Securities purchased under agreements to resell (5,6) |
B989 | 784,750 | 3.b. | |||||||||||||
4. Loans and lease financing receivables (from Schedule RC-C): |
||||||||||||||||
a. Loans and leases held for sale |
5369 | 9,585 | 4.a. | |||||||||||||
b. Loans and leases held for investment |
B528 | 13,949,670 | 4.b. | |||||||||||||
c. LESS: Allowance for loan and lease losses (7) |
3123 | 187,911 | 4.c. | |||||||||||||
d. Loans and leases held for investment, net of allowance (item 4.b minus 4.c) |
B529 | 13,761,759 | 4.d. | |||||||||||||
5. Trading assets (from Schedule RC-D) |
3545 | 54,330 | 5. | |||||||||||||
6. Premises and fixed assets (including capitalized leases) |
2145 | 227,282 | 6. | |||||||||||||
7. Other real estate owned (from Schedule RC-M) |
2150 | 2,883 | 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 | 129,754 | 10. | |||||||||||||
11. Other assets (from Schedule RC-F) (6) |
2160 | 875,713 | 11. | |||||||||||||
12. Total assets (sum of items 1 through 11) |
2170 | 26,151,097 | 12. | |||||||||||||
Liabilities |
||||||||||||||||
13. Deposits: |
||||||||||||||||
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E) |
2200 | 21,289,982 | 13.a. | |||||||||||||
(1) Noninterest-bearing (8) |
6631 | 7,393,093 | 13.a.1. | |||||||||||||
(2) Interest-bearing |
6636 | 13,896,889 | 13.a.2. | |||||||||||||
b. Not applicable |
||||||||||||||||
14. Federal funds purchased and securities sold under agreements to repurchase: |
||||||||||||||||
a. Federal funds purchased (9) |
B993 | 23,060 | 14.a. | |||||||||||||
b. Securities sold under agreements to repurchase (10) |
B995 | 1,867,857 | 14.b. | |||||||||||||
15. Trading liabilities (from Schedule RC-D) |
3548 | 0 | 15. | |||||||||||||
16. Other borrowed money (includes mortgage indebtedness) (from Schedule RC-M) |
3190 | 50,914 | 16. | |||||||||||||
17. and 18. Not applicable |
||||||||||||||||
19. Subordinated notes and debentures (11) |
3200 | 0 | 19. |
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 only by institutions that have adopted ASU 2016-01, which includes provisions governing the accounting for investments in equity securities. See the instructions for further detail on ASU 2016-01. |
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. |
11 | Includes limited-life preferred stock and related surplus. |
Reporting Period: March 31, 2020 | April 30, 2020 2:07 PM |
Umb Bank, National Association - FDIC Certificate Number: 8273 | Submitted to CDR on 04/30/2020 at 12:40 PM |
Schedule RCContinued | FFIEC 041 Page 18 of 85 RC-2 |
Dollar Amounts in Thousands | RCON | Amount | ||||||||||||
Liabilitiescontinued |
||||||||||||||
20. Other liabilities (from Schedule RC-G) |
2930 | 452,792 | 20. | |||||||||||
21. Total liabilities (sum of items 13 through 20) |
2948 | 23,684,605 | 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 | 749,822 | 25. | |||||||||||
26. a. Retained earnings |
3632 | 1,463,981 | 26.a. | |||||||||||
b. Accumulated other comprehensive income (1) |
B530 | 231,439 | 26.b. | |||||||||||
c. Other equity capital components (2) |
A130 | 0 | 26.c. | |||||||||||
27. a. Total bank equity capital (sum of items 23 through 26.c) |
3210 | 2,466,492 | 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 | 2,466,492 | 28. | |||||||||||
29. Total liabilities and equity capital (sum of items 21 and 28) |
3300 | 26,151,097 | 29. |
Memoranda
To be reported with the March Report of Condition.
RCON | 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 2019 |
6724 | 2a | M.1. |
1a = An integrated audit of the reporting institutions 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 public accountant that submits a report on the institution 1b = An audit of the reporting institutions 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 2a = An integrated audit of the reporting institutions parent holding companys 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) 2b = An audit of the reporting institutions parent holding companys 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) |
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) 5 = Directors examination of the bank performed by other external auditors (may be required by state-chartering authority) 6 = Review of the banks financial statements by external auditors 7 = Compilation of the banks 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. Banks fiscal year-end date (report the date in MMDD format) |
8678 | 12/31 | M.2. |
1 | 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. |
2 | Includes treasury stock and unearned Employee Stock Ownership Plan shares. |
Reporting Period: March 31, 2020 | April 30, 2020 2:07 PM |