Prospect Capital (NASDAQ:PSEC) held a special stockholder meeting on June 23, 2026, covering a proposal described in its March 11, 2026 proxy statement.
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Prospect Capital (NASDAQ:PSEC) held a special stockholder meeting on June 23, 2026, covering a proposal described in its March 11, 2026 proxy statement. As of that date, Prospect reported specific common and multiple preferred share classes outstanding, each carrying one vote.
To allow more time to solicit votes on the proxy proposal, the special meeting was adjourned to July 7, 2026 at 5:00 p.m. ET, to be held virtually at www.virtualshareholdermeeting.com/PSEC2026SM.
"The proposal that was considered at the Special Meeting is described in the Company’s definitive proxy statement"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
cumulative perpetual preferred stockfinancial
"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.
special meetingregulatory
"it held its special meeting of stockholders (the “Special Meeting”)"
A special meeting is a shareholder gathering called outside the regular annual meeting to decide on urgent or specific corporate matters, such as mergers, major asset sales, changes to the board, or shareholder proposals. It matters to investors because decisions made there can quickly alter a company’s strategy, ownership or value—like a sudden boardroom decision that changes the game—so shareholders may need to vote, adjust holdings, or reassess risk based on the outcome.
NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, the "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 23, 2026. The proposal that was considered at the Special Meeting is described in detail in the Company’s definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2026 (the “Proxy”). As of March 11, 2026, there were 486,484,945 shares of the Company's common stock outstanding, 25,394,532 shares of the Company’s 5.50% Series A1 Preferred Stock outstanding (the “Series A1 Preferred Stock”), 163,000 shares of the Company’s 5.50% Series A2 Preferred Stock outstanding (the “Series A2 Preferred Stock”), 5,251,157 shares of the Company’s 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding (the “5.35% Series A Preferred Stock”), 908,259 shares of the Company’s 5.50% Series M1 Preferred Stock outstanding (the “Series M1 Preferred Stock”), 23,376,070 shares of the Company’s 6.50% Series A3 Preferred Stock outstanding (the “Series A3 Preferred Stock”), 1,794,312 shares of the Company’s 6.50% Series M3 Preferred Stock outstanding (the “Series M3 Preferred Stock”), 6,920,261 shares of the Company’s Floating Rate Series A4 Preferred Stock outstanding (the “Series A4 Preferred Stock”), 1,995,546 shares of the Company’s Floating Rate Series M4 Preferred Stock outstanding (the “Series M4 Preferred Stock”), 3,341,380 shares of the Company’s 7.50% Series A5 Preferred Stock outstanding (the “Series A5 Preferred Stock”) and 878,753 shares of the Company’s 7.50% Series M5 Preferred Stock outstanding (the “Series M5 Preferred Stock”). Each share of common or preferred stock has one vote. To afford additional time to solicit stockholder votes for the proposal found in the Proxy, the Special Meeting has been adjourned until July 7, 2026, at 5:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2026SM.
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.
Caution Concerning Forward Looking Statements
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Prospect Capital (PSEC) announce about its June 23, 2026 special meeting?
Prospect Capital announced that its June 23, 2026 special meeting was convened and then adjourned. According to Prospect Capital, the meeting addressed a single proposal described in its March 11, 2026 proxy and will reconvene on July 7, 2026.
When will Prospect Capital (PSEC) reconvene its adjourned special meeting in 2026?
Prospect Capital plans to reconvene its adjourned special meeting on July 7, 2026 at 5:00 p.m. Eastern Time. According to Prospect Capital, stockholders can participate virtually at www.virtualshareholdermeeting.com/PSEC2026SM to consider the proxy proposal.
Why did Prospect Capital (PSEC) adjourn its June 23, 2026 special meeting?
The special meeting was adjourned to provide additional time to solicit stockholder votes on the proposal. According to Prospect Capital, the proposal is detailed in its definitive proxy statement filed on March 11, 2026 with the Securities and Exchange Commission.
How many Prospect Capital (PSEC) common shares were outstanding for the 2026 special meeting?
Prospect Capital reported 486,484,945 common shares outstanding as of March 11, 2026, the proxy filing date. According to Prospect Capital, each common share is entitled to one vote at the 2026 special meeting on the proxy proposal.
What preferred stock series of Prospect Capital (PSEC) can vote at the 2026 special meeting?
Prospect Capital stated that all listed preferred series, including Series A1, A2, 5.35% Series A, M1, A3, M3, A4, M4, A5 and M5, are outstanding. According to Prospect Capital, each preferred share also carries one vote at the special meeting.
How can Prospect Capital (PSEC) investors attend the July 7, 2026 virtual special meeting?
Investors can attend the reconvened special meeting online at www.virtualshareholdermeeting.com/PSEC2026SM on July 7, 2026. According to Prospect Capital, the meeting begins at 5:00 p.m. Eastern Time and covers the proxy proposal.
Where can Prospect Capital (PSEC) shareholders find details about the 2026 special meeting proposal?
Details on the proposal are contained in Prospect Capital’s definitive proxy statement for the special meeting. According to Prospect Capital, this proxy was filed with the Securities and Exchange Commission on March 11, 2026 and describes the proposal in detail.
