---
schema_version: "secwatch.filing_event.v1"
accession: "0001287032-22-000334"
form_type: "8-K"
ticker: "PSEC"
cik: "0001287032"
company_name: "PROSPECT CAPITAL CORP"
filed_at: "2022-10-12T23:59:59+00:00"
generated_at: "2026-06-23T04:01:41.186523+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Prospect Capital creates new 6.50% convertible preferred series; up to 10M shares offered

## Summary
- 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.

## SEC filing metadata
- accession: 0001287032-22-000334
- 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: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287032/000128703222000334/0001287032-22-000334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287032/000128703222000334/psec-20221012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001287032-22-000334
- JSON: https://secwatch.observer/filing/0001287032-22-000334.json
- Plain text: https://secwatch.observer/filing/0001287032-22-000334.txt

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