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Published on 8/2/2021 in the Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Prospect Capital has sold more than $300 million total of preferreds

Chicago, Aug. 2 – Prospect Capital Corp. gave an update on the aggregate amount of preferred stock issued by the company, inclusive of its series A, series A1, series M1 and series M2 preferred stock, according to a 497AD filing with the Securities and Exchange Commission.

The company has issued more than $300 million of preferred stock, total.

The initial closing was in the quarter ended Dec. 31, 2020.

As previously reported, on July 12 the company sold $150 million of series A preferred stock.

PCS Capital Securities LLC is the broker dealer for the ongoing offerings of A1, M1 and M2 preferred stock.

The company can issue up to 40 million shares of series A1, M1 and M2 preferred stock, also previously reported.

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


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