Prospect Capital reclassifies 160M common shares into new preferred series; adopts DRIP

PROSPECT CAPITAL CORP

Authorized 80M Series A4 and 80M Series M4 preferred shares via reclassification from common stock.
Common shares reduced from 1.552B to 1.352B; additional 8M each added to five existing preferred series.
Amended Dealer Manager Agreement to offer up to 80M preferred shares with $2B aggregate liquidation preference.
New DRIP effective Dec 29, 2023: dividends reinvested at $25.00 (Floating Rate A4/M4) or $23.75 (other series).
Company pays all DRIP fees; shares come from authorized but unissued preferred stock.

item 1.01 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

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 two Articles Supplementary reclassifying shares of Common Stock into Preferred Stock series (effective 2023-12-28).

Change: charter amendment
Effective: 2023-12-28

Exact text from the filing

On December 28, 2023, the Company filed two Articles Supplementary (the “Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland (“SDAT”).

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PROSPECT CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001287032-23-000432

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