# Moelis-Affiliated Steele Creek BDC Wins Shareholder Approval to Liquidate

Canonical page: https://sequoia-research.com/news/moelis-affiliated-steele-creek-bdc-wins-shareholder-approval-to-liquidate-79ea929f

Author: Sequoia Research
Published: 2026-10-19T01:22:58.761Z
Updated: 2026-10-19T01:25:44.660Z
Original source: [AltsWire](https://altswire.com/moelis-affiliated-steele-creek-bdc-wins-shareholder-approval-to-liquidate/)
Source published: 2026-10-17T02:00:08.000Z
Type: News
Topics: Alternative Investments

AltsWire reports that Steele Creek Capital Corporation shareholders approved liquidation and dissolution on October 13, along with authority to withdraw the privately offered fund's election to be regulated as a business development company. About 66.5% of outstanding shares supported each proposal, with no opposing votes or abstentions reported.

The plan takes effect December 1. The company expects a final distribution by year-end after selling remaining assets and settling liabilities, although the plan allows until one day before its second anniversary. The board cited limited scale, fundraising difficulties and ongoing regulatory and reporting costs. Estimated liquidation expenses are about $200,000, payable by the fund.

[Read the original](https://altswire.com/moelis-affiliated-steele-creek-bdc-wins-shareholder-approval-to-liquidate/)

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This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

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