SUBSCRIPTION AGREEMENT
Exhibit (p)
Subscription Agreement, dated as of November 10, 2017, between Blackstone / GSO Floating Rate Enhanced Income Fund, a Delaware statutory trust (the “Fund”) and GSO / Blackstone Debt Funds Management LLC (the “Purchaser”).
WHEREAS, the Fund is an investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”); and
WHEREAS, the Fund proposes to issue and sell three classes of common shares of beneficial interest, Institutional Class I (“Class I Shares”), Advisory Class D and Brokerage Class T, to the public pursuant to a Registration Statement on Form N-2 (the “Registration Statement”) filed with the Securities and Exchange Commission; and
WHEREAS, Section 14(a) of the 1940 Act requires each registered investment company to have a net worth of at least $100,000 before making a public offering of its Common Shares.
NOW, THEREFORE, the Fund and the Purchaser agree as follows:
| 1. | The Fund offers to sell to the Purchaser, and the Purchaser agrees to purchase from the Fund, 4,000 Class I common shares, at a net asset value price of $25.00 per share (the “Shares”) as of the date hereof. |
| 2. | The Purchaser represents and warrants to the Fund that it is acquiring the Shares for investment purposes only and that the Shares will be sold only pursuant to a registration statement under the Securities Act of 1933, as amended, or an applicable exemption from the registration requirements contained therein. |
| 3. | The Purchaser’s right under this Subscription Agreement to purchase the Shares is not assignable. |
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IN WITNESS WHEREOF, the Fund and the Purchaser have caused their duly authorized officers to execute this Subscription Agreement as of the date first above written.
| BLACKSTONE / GSO FLOATING RATE ENHANCED INCOME FUND | ||
| By: | /s/ Xxxxxx X. Xxxxxx | |
| Name: Xxxxxx X. Xxxxxx | ||
| Title: Authorized Signatory | ||
| GSO / BLACKSTONE DEBT FUNDS MANAGEMENT LLC | ||
| By: | /s/ Xxxxxx X. Xxxxxx | |
| Name: Xxxxxx X. Xxxxxx | ||
| Title: Authorized Signatory | ||
