The board of Princeton Capital Corp. conditionally approved its new investment advisory agreement with House Hanover LLC, effective May 31.
The agreement is subject to approval from Princeton Capital shareholders.
Under the agreement, Princeton Capital will pay House Hanover an annual base management fee of 1.00% of the company's gross assets, including assets purchased with borrowed funds or other forms of leverage.
Princeton Capital earlier announced that it could not file several of its Form 10-Qs and Form 10-Ks before their due dates.
