Prospect Capital adopts preferred dividend reinvestment plan

Chicago, June 12 – Prospect Capital Corp. announced that it is adopting a dividend reinvestment plan for its preferred shareholders, according to filings with the Securities and Exchange Commission on Monday.

The plan will become effective on July 19 and will apply to the dividend declared on May 9.

The company will issue a maximum of 10 million shares, or up to $250 million aggregate liquidation preference pursuant to the new plan.

Holders of its 5.5% series A1 preferred stock, 6.5% series A3 preferred stock, 5.5% series M1 preferred stock, 5.5% series M2 preferred stock and 6.5% series M3 preferred stock may participate.

The dividend reinvestment plan includes a 5% discount from the stated value.

Computershare Trust Co., NA will be administering the plan.

Prospect Capital is a New York City-based asset management company.

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