Founded in 2004, Prospect Capital Corporation (NASDAQ: PSEC) is a $5.7B company that is a leading provider of private debt and private equity to middle-market companies in the United States.
Prospect Capital Convertible Preferred Stock Offering
$25 per share
5.5% Cumulative Annualized Dividend, intended to be paid monthly.*
*Dividends are not guaranteed and subject to approval by the Board of Directors
SERIES OPTIONS / LIQUIDITY
Series A – Investor has the right to redeem the Preferred Stock at stated value, subject to a five-year declining conversion fee (9%,8%,7%,6%,5%,0%). See Prospectus for details.
Series M – Investor has the right to convert the Preferred Stock at stated value, subject to a 90-day dividend recapture in the first year. See Prospectus for details.
Death Put – 0% Conversion Fee