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

Issuer:     PROSPECT CAPITAL CORP (PSEC)
CIK:        0001287032
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001287032-24-000506
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287032/000128703224000506/0001287032-24-000506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287032/000128703224000506/psec-20241230.htm
  HTML page:      https://secwatch.observer/filing/0001287032-24-000506

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