Prospect Capital Expands Multi-Billion-Dollar 7.50% Perpetual Preferred Stock Program to iCapital Marketplace

Core Viewpoint - Prospect Capital Corporation has expanded access to its Perpetual Preferred Stock Series A5 and M5 offerings through the iCapital Marketplace, aiming to enhance investment opportunities for various financial professionals and their clients [1][2]. Group 1: Offering Details - The ongoing offerings of Prospect Capital Corporation's perpetual preferred stock have raised nearly $2 billion and feature a fixed dividend rate of 7.50% per annum, intended to be paid monthly [2]. - The preferred stock has a stated value of $25.00 per share and requires a minimum investment of $5,000, with no upfront or ongoing fees for investors [5]. Group 2: Strategic Importance - The collaboration with iCapital Marketplace is expected to benefit Prospect's private wealth offerings by providing seamless investment access and enhancing diversification for investors [3]. - The management and employees of Prospect Capital Management own approximately 29% of the common equity, aligning their interests with those of the investors [4]. Group 3: Company Background - Prospect Capital Management is an SEC-registered investment adviser with 38 years of experience in high-yielding debt and equity investments, managing approximately $7.3 billion in regulatory assets as of September 30, 2025 [7]. - Prospect Capital Corporation primarily invests in middle-market privately-held companies, focusing on generating current income and long-term capital appreciation [8].