Prospect Capital increases preferred stock offering by $250M to $2.25B

PROSPECT CAPITAL CORP

Amendment increases aggregate liquidation preference of Preferred Stock offering from $2.0B to $2.25B.
Reclassified 20M common shares into preferred shares, reducing common share count from 1.352B to 1.332B.
Offering now covers up to 90M shares of Preferred Stock with $2.25B aggregate liquidation preference.
Legal opinion on validity of Preferred Stock shares attached as Exhibit 5.1.

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: Reclassified 20,000,000 shares of Common Stock into Preferred Stock, decreasing authorized Common Stock from 1,352,100,000 to 1,332,100,000 shares (effective 2024-10-17).

Change: charter amendment
Effective: 2024-10-17

Exact text from the filing

On October 17, 2024, in connection with the Offering, the Company filed Articles Supplementary (the “Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland (“SDAT”), reclassifying and designating 20,000,000 shares of the Company’s authorized and unissued shares of Common Stock into shares of Preferred Stock.

View on SEC.gov

Browse all governance changes →

PROSPECT CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001287032-24-000377

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.