The immediate, no-dispute exit vacates a Class III seat that otherwise would have run through 2029.

June 30, 2026

Albert Rabil III has resigned from the board of Kayne DL 2021, Inc., with the departure taking effect immediately on June 29, 2026. His exit removes the board’s only adviser-affiliated member and leaves the business development company overseen by a board made up entirely of independent directors.

Rabil had been classified as an interested director under the Investment Company Act of 1940 because of his employment relationship with Kayne Anderson Capital Advisors, L.P., the firm tied to the fund. He held a Class III seat whose term would otherwise have continued until the 2029 annual stockholder meeting, subject to reelection, and he sat on none of the board’s committees at the time he stepped down.

The company stated that the resignation was not the product of any disagreement over its operations, policies, or practices — the customary representation that frames a departure as routine rather than a sign of friction.

With Rabil gone, the board now stands at four members, each independent of both the company and its adviser under the 1940 Act. The change leaves the adviser without an affiliated seat at the board table, concentrating oversight of the fund entirely in independent hands.

The company disclosed no successor and no plan to fill the vacated Class III seat. Its remaining directors carry forward the oversight role that the 1940 Act assigns to a fund’s independent board, now with no interested member taking part in those deliberations.