Prospect Capital Announces Annual Meeting Update

Rhea-AI Summary

Prospect Capital (NASDAQ: PSEC) held its annual meeting of stockholders on December 16, 2025 and adjourned the meeting to allow additional time to solicit votes on the Proxy's second proposal.

The meeting is adjourned to January 8, 2026 at 4:00 p.m. ET and will be held virtually at www.virtualshareholdermeeting.com/PSEC2025. The Proxy filed September 18, 2025 describes the proposals considered.

As of September 17, 2025, the company reported outstanding shares: 465,087,009 common shares and multiple preferred series totaling specific outstanding amounts for Series A1, A2, A, M1, A3, M3, A4, M4, A5 and M5 as listed in the notice.

Key Figures

Common shares outstanding 465,087,009 shares As of September 17, 2025 for Annual Meeting record

5.50% Series A1 Preferred 26,232,644 shares Shares outstanding as of September 17, 2025

5.50% Series A2 Preferred 163,000 shares Shares outstanding as of September 17, 2025

5.35% Series A Preferred 5,251,157 shares Fixed Rate Cumulative Perpetual Preferred outstanding

6.50% Series A3 Preferred 23,857,330 shares Shares outstanding as of September 17, 2025

7.50% Series A5 Preferred 2,143,366 shares Shares outstanding as of September 17, 2025

Annual Meeting adjourned date January 8, 2026, 4:00 p.m. ET Adjournment to solicit votes on second proposal

Voting rights per share 1 vote per share Each common or preferred share entitled to one vote at meeting

Market Reality Check

$2.54 Last Close

Volume Volume 5,573,459 is about 1.6x the 20-day average of 3,479,070, indicating elevated activity before this governance update. high

Technical Shares at $2.57 are trading below the 200-day MA at $3.20 and sit close to the 52-week low of $2.52.

Peers on Argus

PSEC was down 1.91% with higher volume, while key BDC/asset-management peers like GSBD (-1.21%), MFIC (-1.09%), OCSL (-2.13%), CSWC (-0.72%), and PX (-2.99%) also traded lower, suggesting broader pressure in related names even though the momentum scanner did not flag a coordinated sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 06	Quarterly earnings	Positive	+0.4%	Reported NII of $79.35M, positive net income and declared monthly distributions.
Nov 05	Earnings scheduling	Neutral	-1.6%	Announced timing for Form 10-Q filing, earnings release, and conference call.
Oct 28	Debt offering	Positive	+0.4%	Priced $167M 5.5% Series A Notes due 2030 under institutional offering.
Sep 08	New investment	Positive	-0.3%	Completed ~$18M investment in The Ridge addiction treatment facility.
Aug 26	Annual/quarterly earnings	Negative	+2.5%	Reported lower NII year-over-year and a sizeable net loss to common holders.

Pattern Detected

Recent news has generally produced modest single-day moves, with mixed alignment between news tone and price reaction, especially around earnings and capital markets activity.

Recent Company History

Over the last few months, Prospect Capital has focused on earnings, capital raising, and portfolio activity. Earnings for quarters ended June 2025 and September 30, 2025 highlighted stable net investment income and ongoing monthly distributions, with mixed market reactions. The company completed a $167 million senior note offering and smaller InterNotes issuances, and reported an $18 million investment in The Ridge. Prior earnings and capital actions drew relatively small price moves, so today’s annual meeting adjournment fits into a pattern of operational updates rather than major strategic shifts.

Market Pulse Summary

This announcement details Prospect Capital’s Annual Meeting logistics and capital structure, including 465,087,009 common shares and multiple preferred series, each carrying one vote. The meeting was adjourned to January 8, 2026 to solicit further votes on a specific proposal, highlighting the importance of shareholder participation. Recent history shows a mix of earnings releases, debt offerings, and portfolio investments with generally modest price reactions. Investors may watch future proxy results, distribution declarations, and additional regulatory filings for clearer implications.

Key Terms

annual meeting regulatory

"it held its annual meeting of stockholders (the “Annual Meeting”) on December 16, 2025."

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

proxy statement regulatory

"described in detail in the Company’s definitive proxy statement for the Annual Meeting"

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

preferred stock financial

"shares of the Company’s 5.50% Series A1 Preferred Stock outstanding"

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

floating rate financial

"the Company’s Floating Rate Series A4 Preferred Stock outstanding"

An interest rate on a loan, bond or deposit that is not fixed but resets at regular intervals based on a reference market rate plus a set margin, so the payments rise or fall as overall interest rates change. For investors, floating-rate instruments act like a weather vane: they can protect income when rates climb by increasing payouts, but they introduce unpredictable cash flow and price movement when rates fall or shift, affecting expected yield and valuation.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced that it held its annual meeting of stockholders (the “Annual Meeting”) on December 16, 2025. 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 18, 2025 (the “Proxy”). As of September 17, 2025, there were 465,087,009 shares of the Company's common stock outstanding, 26,232,644 shares of the Company’s 5.50% Series A1 Preferred Stock outstanding, 163,000 shares of the Company’s 5.50% Series A2 Preferred Stock outstanding, 5,251,157 shares of the Company’s 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding, 1,062,493 shares of the Company’s 5.50% Series M1 Preferred Stock outstanding, 23,857,330 shares of the Company’s 6.50% Series A3 Preferred Stock outstanding, 2,154,155 shares of the Company’s 6.50% Series M3 Preferred Stock outstanding, 6,961,866 shares of the Company’s Floating Rate Series A4 Preferred Stock outstanding, 2,208,807 shares of the Company’s Floating Rate Series M4 Preferred Stock outstanding, 2,143,366 shares of the Company’s 7.50% Series A5 Preferred Stock outstanding and 546,053 shares of the Company’s 7.50% Series M5 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 January 8, 2026, at 4:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2025.

About Prospect Capital Corporation
Prospect is a business development company that primarily lends to and invests in middle market privately-held companies. Prospect’s investment objective is to generate both current income and long-term capital appreciation.

Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has 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, and we undertake no obligation to update any such statement now or in the future.

For additional information, contact:

Grier Eliasek, President and Chief Operating Officer
grier@prospectcap.com
Telephone (212) 448-0702

FAQ

Why did Prospect Capital (PSEC) adjourn its December 16, 2025 annual meeting?

The meeting was adjourned to allow additional time to solicit stockholder votes for the second proposal in the Proxy.

When and where will Prospect Capital (PSEC) resume its adjourned annual meeting?

The meeting will resume on January 8, 2026 at 4:00 p.m. ET at www.virtualshareholdermeeting.com/PSEC2025.

How many common shares did Prospect Capital (PSEC) have outstanding as of September 17, 2025?

The company reported 465,087,009 common shares outstanding as of September 17, 2025.

Does each share of Prospect Capital (PSEC) preferred stock have voting rights at the annual meeting?

Yes. Each share of preferred stock is entitled to one vote on matters voted on by preferred stockholders at the Annual Meeting.

Where can investors find details of the proposals considered at Prospect Capital's (PSEC) annual meeting?

Details are described in the company's definitive Proxy filed with the SEC on September 18, 2025.