Prospect Capital Preferred Stock A4 and M4

Overview

Founded in 2004, Prospect Capital Corporation (NASDAQ: PSEC) is a $7.8B company that is a leading provider of private debt and private equity to middle-market companies in the United States.

THE OFFERING

Prospect Capital Preferred Stock Offering


OFFERING PRICE

$25 per share


MINIMUM INVESTMENT

$5,000


OFFERING SIZE

$2.0 Billion


DIVIDEND RATE

Current Annualized Dividend approximately 7.32% (one-month Term SOFR +2.00%)
Dividends are intended to be paid monthly, as authorized by the Board of Directors.


SERIES OPTIONS / LIQUIDITY

Cash Redemptions subject to limitations*

Series A4 – Investor has the right to redeem the Preferred Stock at stated value, subject to a five-year declining redemption fee (10%, 10%, 10%, 8%,  5%, 0%). See Prospectus for details.

Series M – Investor has the right to redeem the Preferred Stock at stated value, subject to a 180-day dividend recapture in the first year and a 90-day dividend recapture in the second year. See Prospectus for details.

Death Put – 0% Redemption Fee

*Capped at 2% monthly, 5% quarterly and 20% annum