Prospect Capital Announces Annual Meeting Update
December 02 2022 - 4:01PM
Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or
“we”) today announce that it held its annual meeting of
stockholders (the “Annual Meeting”) on December 2, 2022. 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 13, 2022 (the “Proxy”). As of September 12, 2022,
there were 394,796,549 shares of the Company's common stock
outstanding, 30,064,070 shares of the Company’s 5.50% Series A1
Preferred Stock outstanding, 187,000 shares of the Company’s 5.50%
Series A2 Preferred Stock outstanding, 6,000,000 shares of the
Company’s 5.35% Series A Fixed Rate Cumulative Perpetual Preferred
Stock outstanding and 3,839,828 shares of the Company’s 5.50%
Series M1 Preferred Stock outstanding. Each share of common stock
is entitled to one vote on each matter to be voted on by holders of
the common stock at the Annual Meeting, and each share of preferred
stock is entitled to one vote on each matter to be voted on by
holders of the preferred stock at the Annual Meeting. To afford
additional time to solicit stockholder votes for the second
proposal found in the Proxy, the Annual Meeting has been adjourned
until December 9, 2022, at 10:30 a.m., Eastern Time, at
www.virtualshareholdermeeting.com/PSEC2022.
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.com Telephone (212) 448-0702
Prospect Capital (NASDAQ:PSEC)
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