Prospect Capital Announces Annual Meeting Update
December 18 2023 - 4:01PM
Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or
“we”) today announced that it held its annual meeting of
stockholders (the “Annual Meeting”) on December 18, 2023. The
proposals that were considered at the Annual Meeting are described
in detail in the Company’s definitive proxy statement for the
Annual Meeting as filed with the Securities and Exchange Commission
on September 20, 2023 (the “Proxy”). As of September 19, 2023,
there were 408,132,468 shares of the Company's common stock
outstanding, 30,780,669 shares of the Company’s 5.50% Series A1
Preferred Stock outstanding, 164,000 shares of the Company’s 5.50%
Series A2 Preferred Stock outstanding, 5,909,671 shares of the
Company’s 5.35% Series A Fixed Rate Cumulative Perpetual Preferred
Stock outstanding, 3,155,352 shares of the Company’s 5.50% Series
M1 Preferred Stock outstanding, 21,471,177 shares of the Company's
6.50% Series A3 Preferred Stock outstanding, and 2,870,854 shares
of the Company's 6.50% Series M3 Preferred Stock outstanding. Each
share of preferred stock is entitled to one vote on the one matter
to be voted on by holders of the preferred stock at the Annual
Meeting. There are no matters to be voted on by holders of the
common stock at the Annual Meeting. To afford additional time to
solicit stockholder votes for the proposal found in the Proxy, the
Annual Meeting has been adjourned until December 22, 2023, at 3:30
p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2023.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation
(www.prospectstreet.com) is a business development company that
focuses on lending to and investing in private businesses. Our
investment objective is to generate both current income and
long-term capital appreciation through debt and equity
investments.
We have elected to be treated as a business
development company under the Investment Company Act of 1940 (“1940
Act”). We are required to comply with regulatory requirements under
the 1940 Act as well as applicable NASDAQ, federal and state rules
and regulations. We have elected to be treated as a regulated
investment company under the Internal Revenue Code of 1986.
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, whose safe harbor for forward-looking
statements does not apply to business development companies. Any
such statements, other than statements of historical fact, are
highly likely to be affected by other unknowable future events and
conditions, including elements of the future that are or are not
under our control, and that we may or may not have considered;
accordingly, such statements cannot be guarantees or assurances of
any aspect of future performance. Actual developments and results
are highly likely to vary materially from any forward-looking
statements. Such statements speak only as of the time when made. We
undertake no obligation to update any such statement now or in the
future.
For additional information, contact:
Grier Eliasek, President and Chief Operating
Officergrier@prospectcap.comTelephone (212) 448-0702
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