Preferred Capital Securities

Prospect Capital Convertible Preferred Stock Offering

Prospect Capital Convertible Preferred Stock Offering


Offering Summary

The Offering

Prospect Capital Convertible Preferred Stock Offering

THE OFFERING PRICE

$25.00 per share

Minimum Investment

$5,000

OFFERING SIZE

$1 Billion

DEALER-MANAGER

Preferred Capital Securities, LLC


Prospect Capital Convertible Preferred Stock Series A


DIVIDEND RATE

5.5% annualized dividend, intended to be paid monthly.

STATED VALUE

$25.00 per share

LIQUIDITY

Investor has the right to redeem the Preferred Stock at stated value, subject to a five-year declining conversion fee.

FIVE YEAR DECLINING CONVERSION FEE

Conversion Price:

During year one, 100% of the stated value less 9% conversion fee, plus any accrued but unpaid dividends.

During year two, 100% of the stated value less 8% conversion fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 7% conversion fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 6% conversion fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 5% conversion fee, plus any accrued but unpaid dividends.

DEATH Put

0% Conversion Fee


Prospect Capital Convertible Preferred Stock Series M


DIVIDEND RATE

5.5% annualized dividend, intended to be paid monthly.

STATED VALUE

$25.00 per share

LIQUIDITY

Investor has the right to convert the Preferred Stock at stated value, subject to a 90-day dividend recapture in the first year

DEATH Put

0% Conversion Fee

Prospect Capital Convertible Preferred Stock Offering


Offering Summary

The Offering

Prospect Capital Convertible Preferred Stock Offering

THE OFFERING PRICE

$25.00 per share

Minimum Investment

$5,000

OFFERING SIZE

$1 Billion

DEALER-MANAGER

Preferred Capital Securities, LLC


Prospect Capital Convertible Preferred Stock Series A


DIVIDEND RATE

5.5% annualized dividend, intended to be paid monthly.

STATED VALUE

$25.00 per share

LIQUIDITY

Investor has the right to redeem the Preferred Stock at stated value, subject to a five-year declining conversion fee.

FIVE YEAR DECLINING CONVERSION FEE

Conversion Price:

During year one, 100% of the stated value less 9% conversion fee, plus any accrued but unpaid dividends.

During year two, 100% of the stated value less 8% conversion fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 7% conversion fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 6% conversion fee, plus any accrued but unpaid dividends.

During year three, 100% of the stated value less 5% conversion fee, plus any accrued but unpaid dividends.

DEATH Put

0% Conversion Fee


Prospect Capital Convertible Preferred Stock Series M


DIVIDEND RATE

5.5% annualized dividend, intended to be paid monthly.

STATED VALUE

$25.00 per share

LIQUIDITY

Investor has the right to convert the Preferred Stock at stated value, subject to a 90-day dividend recapture in the first year

DEATH Put

0% Conversion Fee