Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
PROSPECT CAPITAL CORP: Filed Articles Supplementary reclassifying 60,000,000 shares of Common Stock into Preferred Stock (effective 2023-02-10).
- Change
- charter amendment
- Effective
- 2023-02-10
Exact text from the filing
On February 10, 2023, in connection with the Amendment, the Company filed Articles Supplementary (the “Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland (“SDAT”), reclassifying and designating 60,000,000 shares of the Company’s authorized and unissued shares of Common Stock into shares of Preferred Stock
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PROSPECT CAPITAL CORP amended Dealer Manager Agreement with Preferred Capital Securities, LLC valued at $1,800,000,000 (effective 2023-02-10).
- Action
- amendment
- Counterparty
- Preferred Capital Securities, LLC
- Value
- $1,800,000,000
- Effective
- 2023-02-10
Exact text from the filing
On February 10, 2023, Prospect Capital Corporation (the “Company”) entered into an amendment (the “Amendment”) to the Amended and Restated Dealer Manager Agreement, dated February 25, 2021, with Preferred Capital Securities, LLC (the “Dealer Manager”) (the “Dealer Manager Agreement”), pursuant to which the Dealer Manager has agreed to serve as the Company’s agent and dealer manager for the Company’s offering of up to 72,000,000 shares of any combination of its 5.50% Series A1 Preferred Stock, 5.50% Series M1 Preferred Stock, 5.50% Series M2 Preferred Stock, 6.50% Series A3 Preferred Stock, and 6.50% Series M3 Preferred Stock, each par value $0.001 per share, and each with a liquidation preference of $25.00 per share (together, the Preferred Stock”).
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