Prospect Capital (NASDAQ: PSEC) held its adjourned annual meeting of stockholders on January 8, 2026. The proposals considered mirror those in the definitive proxy filed September 18, 2025.
As of September 17, 2025, outstanding shares included 465,087,009 common shares and multiple preferred series (examples: 26,232,644 Series A1; 23,857,330 Series A3; 6,961,866 Floating Rate Series A4; 2,143,366 Series A5; plus others). Common and preferred shares each carry one vote per share on matters for their class.
To allow additional solicitation of votes, the Annual Meeting is adjourned to January 15, 2026 at 4:00 p.m. ET, to be held online at www.virtualshareholdermeeting.com/PSEC2025.
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News Market Reaction – PSEC
+0.36%
+0.36%Session close to close
In the Jan 9 session, PSEC gained 0.36%, reflecting a mild positive market reaction.
This announcement updates shareholders that PSEC’s adjourned annual meeting has been further postpon...
Analysis
This announcement updates shareholders that PSEC’s adjourned annual meeting has been further postponed to January 15, 2026 to allow more time to solicit votes on proposals described in the September 18, 2025 proxy statement. It reiterates the detailed common and preferred share counts as of September 17, 2025 and confirms equal voting rights within each class. Investors may focus on how final vote outcomes could influence governance or capital structure, while also tracking upcoming financial disclosures for a fuller picture.
Key Figures
Common shares outstanding:465,087,009 sharesSeries A1 Preferred:26,232,644 sharesSeries A Fixed Rate Preferred:5,251,157 shares+5 more
8 metrics
Common shares outstanding465,087,009 sharesAs of September 17, 2025 for Annual Meeting record date
Series A1 Preferred26,232,644 shares5.50% Series A1 Preferred Stock outstanding as of September 17, 2025
Series A Fixed Rate Preferred5,251,157 shares5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding
Series A3 Preferred23,857,330 shares6.50% Series A3 Preferred Stock outstanding as of September 17, 2025
Series A4 Floating Preferred6,961,866 sharesFloating Rate Series A4 Preferred Stock outstanding as of September 17, 2025
Series A5 Preferred2,143,366 shares7.50% Series A5 Preferred Stock outstanding as of September 17, 2025
Completed roughly $18M investment in The Ridge addiction treatment facility.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent PSEC news — including earnings, debt offerings, and prior meeting adjournments — has generally produced only modest single-day price moves, with limited directional follow-through.
Recent Company History
Over the past few months, PSEC updates have focused on capital structure, portfolio activity, and governance processes. The December 2025 annual meeting was previously adjourned to Jan 8, 2026 to gather more votes, mirroring today’s further adjournment. In November 2025, PSEC reported quarterly NII of $79.35M, NII per share of $0.17, and NAV of $6.45, while also issuing $167M of 5.5% notes due 2030. An $18M investment in The Ridge highlighted ongoing deployment into middle‑market credit. Viewed together, today’s notice continues an administrative governance theme rather than introducing new financial metrics.
"The proposals that were considered at the Annual Meeting are described in detail in the Company’s definitive proxy statement"
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.
"5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding"
A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.
floating ratefinancial
"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.
NEW YORK, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced that it held its adjourned annual meeting of stockholders (the “Annual Meeting”) on January 8, 2026. 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 proposal found in the Proxy, the Annual Meeting has been adjourned until January 15, 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
When was Prospect Capital's adjourned annual meeting held and when is it reconvened (PSEC)?
The adjourned annual meeting was held on January 8, 2026 and reconvened on January 15, 2026 at 4:00 p.m. ET online.
How many common shares of Prospect Capital (PSEC) were outstanding as of September 17, 2025?
There were 465,087,009 common shares outstanding as of September 17, 2025.
Where will Prospect Capital's (PSEC) adjourned annual meeting on January 15, 2026 be held?
The meeting will be held virtually at www.virtualshareholdermeeting.com/PSEC2025.
Do preferred shares of Prospect Capital (PSEC) have voting rights at the annual meeting?
Yes; each share of preferred stock is entitled to one vote on matters voted on by preferred holders.
Which document describes the proposals considered at Prospect Capital's (PSEC) annual meeting?
The proposals are described in the company's definitive proxy filed September 18, 2025.
