On April 21, 2017, the board of directors of Alcentra Capital Corporation appointed Paul Hatfield as Chairman Emeritus of the company and appointed Paul Echausse as Chairman of the Board, each effective as of April 21, 2017. On April 21, 2017, the Board appointed David Scopelliti to serve as President and Chief Executive Officer of the company, effective as of June 30, 2017 and as a director of the company, effective as of April 21, 2017 and until the company's 2019 annual meeting of stockholders and until his successor is duly elected and qualifies. Mr. Scopelliti's appointments are in conjunction with his promotion as Chief Investment Officer of Alcentra NY, LLC, the company's investment adviser.

In connection with Mr. Scopelliti's appointment, Mr. Echausse resigned as President and Chief Financial Officer of the company, effective as of June 30, 2017. Mr. Scopelliti has served as the company's Executive Vice President since March 2017 and served as the company's Senior Vice President from March 2015 through March 2017. Prior to Alcentra, Mr. Scopelliti was a Principal at GarMark where he focused on investing private debt and private equity in middle market companies and prior to that served as the Managing Director with Pacific Corporate Group, an alternative asset investment and consulting firm, responsible for discretionary and non-discretionary private investment programs for corporate and governmental pension plans.

Mr. Scopelliti was not appointed to the Board pursuant to any arrangement or understanding with any other person, and there are no current or proposed transactions between the Company and Mr. Scopelliti or his immediate family members which would require disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission. On April 21, 2017, the Board appointed Ellida McMillan to serve as Chief Financial Officer and Chief Operating Officer of the company, effective as of April 21, 2017. Ms. McMillan, age 49, has served as the company's Chief Accounting Officer, Treasurer and Secretary since November 2013.

Prior to joining company, Ms. McMillan served as a CPA/Partner consultant with Tatum US. On April 21, 2017, the Board appointed Branko Krmpotic to Executive Vice President of the company, effective April 21, 2017.