other material
confidence high
sentiment neutral
materiality 0.60
Prospect Capital launches tender offer for 5.35% Series A Preferred (5.88M shares) at $15.8774/share
PROSPECT CAPITAL CORP
- Offer to purchase all 5,882,351 outstanding shares of 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock at $15.877396 per share plus accrued dividends.
- Tender offer expires at 5:00 p.m. NYC time on November 29, 2023, unless extended or earlier terminated.
- Settlement expected within three business days after expiration; no minimum tender condition applies.
- D.F. King & Co. appointed as Information and Tender Agent; copies of offer available via SEC and DF King.
- Company may amend, extend, or terminate the offer in its sole discretion subject to law.