Prospect Capital Corporation files regulatory reports that document its business development company structure, investment results, distribution policy and capital structure. Form 8-K filings cover quarterly results releases, Regulation FD distribution announcements, material agreements and financing activity involving common stock, preferred stock series and senior unsecured notes.
Proxy statements and shareholder-meeting filings describe voting matters for common and preferred stockholders, governance procedures and meeting mechanics. Prospect Capital filings also document preferred stock offering arrangements, dealer manager agreements, equity distribution agreements, dividend declarations and the security terms associated with its debt and preferred equity instruments.
Prospect Capital Corporation issued $300 million in aggregate principal amount of 8.95% Notes due 2031 on November 5, 2026, closing its registered direct offering. The Notes mature October 31, 2031, and bear interest at 8.95% per year, payable semiannually in arrears on April 30 and October 31, beginning April 30, 2027. They are general senior unsecured obligations ranking equally with existing and future senior unsecured debt and senior to any potential subordinated debt.
Prospect Capital expects approximately $283.4 million in net proceeds after estimated offering expenses, primarily for refinancing existing indebtedness, including repayment of its 3.364% Notes due 2026 and/or borrowings under its revolving credit facility. Any remainder is intended for balance-sheet liquidity, including high-quality short-term debt instruments, and long-term investments in accordance with its investment objective.
Before April 30, 2029, Prospect Capital may redeem some or all of the Notes at 100% of principal plus an applicable make-whole premium and accrued interest. On and after that date, redemption is at the price set forth in the Supplemental Indenture plus accrued interest. If a Change of Control Repurchase Event occurs before maturity, holders may require cash repurchase at 100% of principal plus accrued interest. The Indenture also contains covenants on statutory asset coverage and financial-information delivery in specified circumstances.
Prospect Capital Corporation (PSEC) reported net investment income of $76.359 million for the quarter ended September 30, 2026, compared with $79.350 million a year earlier. Net loss applicable to common shareholders was $53.448 million, versus net income of $48.087 million; net asset value was $5.36 per common share, compared with $6.45 a year earlier.
During the quarter, Prospect reduced debt principal by $341.4 million, or 18%, to $1.5 billion from $1.9 billion; the asset coverage ratio on senior securities representing indebtedness rose to 387.7% from 339.4%. It priced $300.0 million of notes due 2031, expected to close November 5, 2026, subject to customary closing conditions, and expects approximately $283.4 million in net proceeds, primarily to refinance existing indebtedness. The board increased the common-share repurchase program to up to $200.0 million. Prospect expects to complete redemption of all $263.2 million of its November 2026 Notes on or about November 13, 2026, and declared common distributions of $0.0350 per share monthly for November 2026 through January 2027.
Prospect Capital Corporation (PSEC) reported a $21.6 million decrease in net assets from operations for the three months ended September 30, 2026, compared with a $78.0 million increase a year earlier. Total investment income was $151.7 million and net investment income was $76.4 million. Realized and unrealized investment losses were $98.6 million; results applicable to common stockholders were a $53.4 million loss versus $48.1 million of income.
At September 30, investments at fair value were $5.944 billion, compared with $6.343 billion at June 30, and net asset value was $5.36 per common share versus $5.71. National Property REIT Corp. was valued at $1.071 billion, or 37.3% of net assets; First Tower Finance Company LLC was valued at $983.9 million, or 34.2%.
Net cash provided by operating activities was $381.7 million, compared with $279.0 million a year earlier. Investment sales and principal collections generated $389.4 million in cash proceeds. Financing activities used $387.2 million, including $688.1 million in revolving-credit principal payments and $413.0 million in borrowings under that facility.
Prospect Capital Corporation (PSEC) is offering $300,000,000 in aggregate principal amount of 8.95% Notes due October 31, 2031. The Notes are priced at 100.000% of principal; cash interest is payable each April 30 and October 31, beginning April 30, 2027. Estimated net proceeds are approximately $283.4 million after approximately $16.6 million in expenses. PSEC expects to use proceeds primarily to refinance existing debt, including the 3.364% 2026 Notes and/or revolving credit facility borrowings; substantially all net proceeds are anticipated to be used for these purposes within six months, depending on appropriate investment opportunities and market conditions.
The Notes rank equally in right of payment with senior unsecured debt, but are effectively subordinated to secured debt to the extent of the value of collateral and structurally subordinated to subsidiary liabilities. Holders may require repurchase at 100% of principal plus accrued interest after a Change of Control Repurchase Event. Preliminary management estimates as of September 30, 2026 included $6.0 billion in assets, $1.5 billion in debt, and debt equal to approximately 25% of assets; net investment income was approximately $76 million for the three months ended September 30, 2026. The estimates are unaudited and subject to completion of closing and review procedures.
Prospect Capital Corporation is offering $300,000,000 aggregate principal amount of 8.95% Notes due October 31, 2031. The fixed-rate notes pay interest in cash on April 30 and October 31 each year, beginning April 30, 2027. They rank equally in right of payment with the company’s senior unsecured debt, but are effectively subordinated to secured debt to the extent of the collateral value and structurally subordinated to liabilities of subsidiaries.
Estimated net proceeds are approximately $283.4 million after estimated offering expenses of $16.6 million. The company expects to use proceeds primarily to refinance existing indebtedness, including repayment of its 3.364% 2026 Notes and/or borrowings under its revolving credit facility. It intends to use any remainder for balance-sheet liquidity and investments, and anticipates substantially all proceeds will be used for these purposes within six months, depending on investment opportunities and market conditions.
Preliminary estimates for September 30, 2026 included $1.5 billion of debt principal, $6.0 billion of assets, a 25% debt-to-assets ratio, and $76 million of net investment income for the three months ended that date. These management-prepared estimates have not been audited or reviewed and remain subject to closing, review and valuation procedures; actual results may differ materially.
Prospect Capital Corporation provided preliminary estimates for the quarter ended September 30, 2026, including approximately $76 million of net investment income for the three months ended that date.
As of September 30, 2026, common equity net asset value was preliminarily estimated at approximately $2.9 billion; total equity, including perpetual preferred stock carried as equity, at approximately $4.4 billion; principal debt at approximately $1.5 billion; and total assets at approximately $6.0 billion. Principal debt divided by total assets was approximately 25%. Investments on non-accrual status were approximately 0.2% of the portfolio at fair market value and 1.8% at cost.
Management prepared the preliminary data, which is not a comprehensive statement and remains subject to completion of closing and review procedures. The independent registered public accounting firm has not audited, reviewed, examined, compiled, or applied agreed-upon procedures to it. Actual results may differ materially because of closing and review procedures, final adjustments, valuation work, and other developments.
Prospect Capital Corp. (PSEC) shareholder John F. Barry III reported acquiring 4,047,543.91 shares from May 21, 2026 through October 20, 2026. Of these, 3,949,753 shares were purchased with personal funds on the open market and 97,790.91 shares were purchased with dividends through the issuer’s dividend reinvestment plan. The Daria Barry IRA, controlled by his spouse Daria Barry, acquired 27,649.23 shares with dividends and purchased zero shares with existing cash on the open market. The 60-day transaction table lists a 1,217,105-share purchase on September 4, 2026, at a weighted average price of $2.24 per share. As of October 20, 2026, Barry reported beneficial ownership of 134,685,809.01 shares, or 25.2%; the percentage uses 533,816,849 shares outstanding as of September 21, 2026. The John & Daria Barry Foundation separately reported beneficial ownership of 43,727,065.61 shares, or 8.2%.
Prospect Capital Corporation (PSEC) has called its 2026 virtual annual meeting for December 17, 2026, where only holders of its preferred stock will vote on one item: electing Class I director William J. Gremp to serve until the 2029 annual meeting and until his successor is elected and qualifies.
The record date is September 21, 2026, with 533,816,849 common shares and multiple preferred series totaling 67,598,002 preferred shares outstanding; each preferred share has one vote on this election, while common shares have no voting items. The board has five members, with a majority classified as independent under the 1940 Act and Nasdaq rules, and maintains Audit and Nominating/Corporate Governance/Compensation committees composed solely of independent directors.
Executive officers, including CEO John F. Barry III and President/COO M. Grier Eliasek, receive no cash compensation directly from PSEC, instead being paid by the external adviser and administrator, while independent directors each received $262,500 in total fees from the fund complex in fiscal 2026. Deloitte & Touche LLP remains the independent auditor, earning $1.89 million in audit fees for the year ended June 30, 2026. The company also discloses that it may, from time to time, repurchase outstanding common stock, preferred stock, or debt securities, consistent with applicable securities laws.
Prospect Capital Corp (PSEC) has filed Post-Effective Amendment No. 25 to its Registration Statement on Form N-2 for its continuous offering program. The company states that this amendment is filed under Rule 462(d) solely to add and update exhibits to the existing registration statement.
The amendment consists only of the facing page, an explanatory note and Part C listing financial statements incorporated by reference and an extensive schedule of exhibits, including numerous supplemental indentures related to Prospect Capital InterNote® issuances. The filing explicitly states that it does not modify any other part of the previously effective registration statement and becomes effective immediately upon filing with the SEC pursuant to Rule 462(d).
Prospect Capital Corporation (PSEC) is offering new Prospect Capital InterNotes® senior unsecured notes with fixed coupons of 6.250%, 6.500% and 6.750% maturing on September 15, 2029, September 15, 2031 and September 15, 2033, respectively, under a medium-term note program authorized for up to $1 billion in aggregate principal amount.
The notes pay interest semi-annually on March 15 and September 15, beginning March 15, 2027, in minimum denominations of $1,000, and are senior unsecured obligations ranking pari passu with PSEC’s other senior unsecured debt. Each series is callable at 100% of principal, plus accrued interest, at PSEC’s option on or after March 15, 2027, on any business day.
PSEC is an externally managed business development company with approximately $6.5 billion of total assets and a diversified portfolio whose fair value was about $6.4 billion across 91 portfolio companies and CLOs as of December 31, 2025. As of February 6, 2026, PSEC had about $1.4 billion of unsecured senior indebtedness, $0.7 billion of secured indebtedness and $637.2 million of InterNotes outstanding, and reports a net asset value of $6.21 per share as of December 31, 2025.