Prospect Capital creates 7.50% Series A5 and M5 Preferred Stock; updates DRIP

PROSPECT CAPITAL CORP

Created 90M shares each of 7.50% Series A5 and M5 Preferred Stock, reclassifying 180M common shares.
Amended Dealer Manager Agreement for up to 90M shares of Preferred Stock with $2.25B aggregate liquidation preference.
Adopted amended Preferred Stock Dividend Reinvestment Plan; reinvestment price $25.00 for new series, $23.75 for others.
DRIP allows automatic reinvestment of dividends into same-series shares; company pays administration fees.

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: Reclassified 90,000,000 shares of Common Stock into Preferred Stock Series A5 and Series M5 each, reducing Common Stock classification from 1,332,100,000 to 1,152,100,000 shares (effective 2024-12-27).

Change: charter amendment
Effective: 2024-12-27

Exact text from the filing

The reclassification decreased the number of shares classified as Common Stock from 1,332,100,000 shares immediately prior to the reclassification to 1,152,100,000 shares immediately after the reclassification.

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PROSPECT CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001287032-24-000506

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