Prospect Capital puts ongoing preferred issuance at $1 billion

By Wendy Van Sickle

Columbus, Ohio, Sept. 9 – Prospect Capital Corp. gave an update on the aggregate amount of series A1, series M1 and series M2 preferred stock issued by the company, according to a news release.

The combination of issuances of these preferred stocks has exceeded $1 billion in liquidation preference since the initial closing in the quarter ended Dec. 31, 2020.

The total now available for sale is $645 million.

Preferred Capital Securities LLC is the broker dealer for the A1, M1 and M2 preferred stock.

Prospect Capital is a New York City-based asset management company.

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