On January 13, 2016, Ironsides Partners LLC filed a preliminary proxy statement soliciting proxies and urged the shareholders of Fifth Street Senior Floating Rate Corp. to vote for its: (i) proposal to elect Robert C. Knapp and Richard W. Cohen as directors of the Company, (ii) proposal to terminate the Investment Advisory Agreement by and between the Company and FSM LLC., and (iii) non-binding proposal to advise the Company's Board of Directors not to engage FSM its principals or its other affiliates in a management or advisor capacity in the future.