other material
confidence high
sentiment neutral
materiality 0.60
Prospect Capital amends Preferred Stock DRIP to allow 5% discount reinvestment
PROSPECT CAPITAL CORP
- Effective July 19, 2023, preferred dividends can be reinvested at $23.75/share (95% of $25 stated value).
- Applies to Series A1, M1, M2, A3, M3 and other series; covers July 2023 dividend and subsequent distributions.
- Shares issued from authorized but unissued preferred stock; fractional shares permitted.
- Stockholders must enroll; plan administrator Computershare handles administration.