secwatch.observer — SEC 8-K summary
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Issuer:     PROSPECT CAPITAL CORP (PSEC)
CIK:        0001287032
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001287032-23-000058
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prospect Capital increases preferred stock offering to $1.8B, reclassifies common shares, adopts DRIP
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- Offering size increased from $1.5B to $1.8B aggregate liquidation preference via amendment to Dealer Manager Agreement.
- Reclassified 60M shares of authorized common stock into preferred stock; common share classification reduced to 1.5521B shares.
- Adopted Preferred Stock Dividend Reinvestment Plan allowing automatic reinvestment at $25.00 per share for multiple series.
- Preferred series include 5.50% Series A1, M1, M2, 6.50% Series A3, M3, etc., each with $25.00 liquidation preference.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287032/000128703223000058/0001287032-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287032/000128703223000058/psec-20230210.htm
  HTML page:      https://secwatch.observer/filing/0001287032-23-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer