Prospect Capital Corporation Announces More Than $800 Million in Aggregate Preferred Issuance, Including Over $100 Million Raised in Recent Semi-Monthly Closing

NEW YORK, July 11, 2022 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC ) ("Prospect", "our", or "we") announced today that Prospect raised over $100 million in aggregate liquidation preference in its most recent early July 2022 semi-monthly closing of its ongoing offering of the Series A1, M1, and M2 Preferred Stock being raised in the private wealth, institutional, and Registered Investment Advisor channels. Approximately $687 million has been sold in this offering to date, with approximately $813 million now available for sale after Prospect increased the size of this offering from $1.0 billion to $1.5 billion on June 9, 2022. The combination of this offering with Prospect's other preferred stock offerings (collectively, the "Preferred Stock") have exceeded $840 million in aggregate liquidation preference issuances since the initial closing in the quarter ending December 31, 2020. "Prospect's non-traded preferred stock offers investors recurring cash income with a stable stated value, ongoing liquidity, management alignment, leverage caps, and approximately $4 billion of junior common equity credit support," said Grier Eliasek, President of Prospect. "Prospect is a leading issuer of non-traded preferred stock, with each of institutional, registered investment advisor, wirehouse, independent ... Full story available on Benzinga.com