---
schema_version: "secwatch.filing_event.v1"
accession: "0001287032-22-000333"
form_type: "8-K"
ticker: "PSEC"
cik: "0001287032"
company_name: "PROSPECT CAPITAL CORP"
filed_at: "2022-10-12T23:59:59+00:00"
generated_at: "2026-06-23T04:01:28.880466+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Prospect Capital designates two new 6.50% preferred stock series (A3 & M3), reclassifies 120M common shares

## Summary
- 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).

## SEC filing metadata
- accession: 0001287032-22-000333
- form_type: 8-K
- ticker: PSEC
- cik: 0001287032
- company_name: PROSPECT CAPITAL CORP
- filed_at: 2022-10-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287032/000128703222000333/0001287032-22-000333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287032/000128703222000333/psec-20221012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001287032-22-000333
- JSON: https://secwatch.observer/filing/0001287032-22-000333.json
- Plain text: https://secwatch.observer/filing/0001287032-22-000333.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.