other material
confidence high
sentiment neutral
materiality 0.65
Prospect Capital creates new 6.50% convertible preferred series; up to 10M shares offered
PROSPECT CAPITAL CORP
- New 6.50% Series AA2 and MM2 convertible preferred shares authorized; up to 10M shares offered via dealer manager agreement.
- Articles Supplementary reclassify 40M common shares to preferred (20M per series), reducing common shares from 1.652B to 1.612B.
- First monthly cash dividend of $0.135417 per share declared for Oct/Nov 2022, payable Dec 1, 2022, record Nov 16, 2022.
- Preferred Stock Dividend Reinvestment Plan amended to include new series and existing 6.50% A3/M3 preferred, with automatic reinvestment at $25/share.