other material
confidence high
sentiment neutral
materiality 0.50
Prospect Capital designates two new 6.50% preferred stock series (A3 & M3), reclassifies 120M common shares
PROSPECT CAPITAL CORP
- Entered amendment to Dealer Manager Agreement to offer up to 60M shares each of 6.50% Series A3 and Series M3 Preferred Stock at $25 liquidation preference.
- Filed Articles Supplementary reclassifying 120M common shares into preferred stock (60M Series A3, 60M Series M3); common shares reduced from 1.7721B to 1.6521B.
- Declared monthly cash distributions on Series A3 and M3 at 6.50% annual rate ($0.135417/share for Oct/Nov 2022; record 11/16/2022, payment 12/1/2022).