secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROSPECT CAPITAL CORP (PSEC)
CIK:        0001287032
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001287032-23-000432
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287032/000128703223000432/0001287032-23-000432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287032/000128703223000432/psec-20231229.htm
  HTML page:      https://secwatch.observer/filing/0001287032-23-000432

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