Prospect Capital launches tender offer for 5.35% perpetual preferreds

By Wendy Van Sickle

Columbus, Ohio, Oct. 30 – Prospect Capital Corp. launched a cash tender offer for any and all of its 5,882,351 outstanding shares of 5.35% fixed-rate cumulative perpetual preferred stock (Cusip: 74348T565), according to a press release Monday.

The company is offering $15.877396 per share, plus accrued dividends of $0.122604 to but excluding the settlement date, for a total hypothetical purchase price of $16 per share, if the anticipated Dec. 4 settlement date is the actual settlement date.

The offer will expire at 5 p.m. ET on Nov. 29. Tenders may be withdrawn until that time.

D.F. King & Co., Inc. (866 388-7452, 212 269-5550, psec@dfking.com) is the information and tender agent for the offer.

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

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