Prospect Capital (NASDAQ:PSEC) reported that its special meeting of stockholders was held on June 9, 2026. Proposals considered at the meeting are detailed in a definitive proxy statement filed March 11, 2026.
The meeting was adjourned until June 23 at 5:00 p.m. Eastern Time to allow more time to solicit votes.
This announcement detailed Prospect Capital’s special meeting, including an adjournment to June 23, ...
Analysis
This announcement detailed Prospect Capital’s special meeting, including an adjournment to June 23, 2025 to solicit additional votes and outlined a large common base of 486,484,945 shares plus multiple preferred series. In the context of recent portfolio sales, debt offerings, and insider purchases, investors may focus on how upcoming votes, capital-structure choices, and future filings interact with the company’s existing preferred layers and common equity base.
Key Figures
Common shares outstanding:486,484,945 sharesSeries A1 Preferred:25,394,532 shares, 5.50%Series A2 Preferred:163,000 shares, 5.50%+5 more
8 metrics
Common shares outstanding486,484,945 sharesAs of March 11, 2026
Series A1 Preferred25,394,532 shares, 5.50%Series A1 Preferred Stock outstanding as of March 11, 2026
Series A2 Preferred163,000 shares, 5.50%Series A2 Preferred Stock outstanding as of March 11, 2026
5.35% Series A Preferred5,251,157 shares, 5.35%Fixed Rate Cumulative Perpetual Preferred Stock outstanding
Series A3 Preferred23,376,070 shares, 6.50%Series A3 Preferred Stock outstanding as of March 11, 2026
Series A4 Preferred6,920,261 sharesFloating Rate Series A4 Preferred Stock outstanding
Voting rights1 vote per shareEach share of common or preferred stock
Adjourned meeting dateJune 23, 2025 at 5:00 p.m. ETNew date/time for adjourned Special Meeting
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24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent news shows mostly aligned reactions, with one notable selloff after a quarterly results release despite neutral-to-positive headline metrics.
Recent Company History
Over the past few months, Prospect Capital has reported several notable developments. It agreed to sell Valley Electric for expected gross proceeds of about $328 million, with roughly $280 million net exit proceeds and a 20.4% gross IRR. March 2026 results highlighted NII of $78.5M and NAV per share of $6.05, alongside continued portfolio repositioning. The current special meeting adjournment fits into an active period of portfolio activity, financings, and governance actions.
Regulatory & Risk Context
Short Interest: 9.71%
Short Interest
9.71% of float
0%15%30%+
lowas of 2026-05-29Days to cover: 5.36
Key Terms
special meeting, proxy statement, preferred stock, floating rate, +2 more
6 terms
special meetingregulatory
"it held its special meeting of stockholders (the “Special Meeting”) on June 9, 2026."
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.
proxy statementregulatory
"described in detail in the Company’s definitive proxy statement for the Special 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 stockfinancial
"25,394,532 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 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.
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.
virtualshareholdermeeting.com is an online platform that hosts live, interactive shareholder meetings where investors can watch presentations, ask questions, and vote on corporate matters from a computer or phone. Think of it as a digital town hall that replaces or supplements an in-person annual meeting, making it easier for shareholders to participate even if they cannot travel. Investors care because access, voting ability, and the quality of information presented at these meetings can directly affect corporate governance and investment decisions.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 9, 2026. The proposals that were considered at the Special Meeting are 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 June 23, 2025, 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
What did Prospect Capital (NASDAQ:PSEC) announce about its June 9, 2026 special meeting?
Prospect Capital announced it held a special meeting of stockholders on June 9, 2026. According to Prospect Capital, the meeting addressed proposals described in its March 11, 2026 definitive proxy statement filed with the SEC.
Why was Prospect Capital's June 9, 2026 special meeting adjourned?
The special meeting was adjourned to provide more time to solicit stockholder votes. According to Prospect Capital, the adjournment specifically concerns the proposal described in its March 11, 2026 definitive proxy statement for the special meeting.
When will Prospect Capital's adjourned special meeting reconvene and at what time?
The adjourned special meeting is scheduled to reconvene on June 23 at 5:00 p.m. Eastern Time. According to Prospect Capital, stockholders can attend virtually via the designated shareholder meeting website.
How many Prospect Capital common shares were outstanding for voting at the special meeting?
There were 486,484,945 common shares outstanding as of March 11, 2026, each entitled to one vote. According to Prospect Capital, these common shares participated alongside various preferred stock series in the special meeting.
Which Prospect Capital preferred stock series were entitled to vote at the June 2026 special meeting?
Multiple preferred stock series were outstanding and entitled to one vote per share at the meeting. According to Prospect Capital, these included Series A1, A2, 5.35% Series A, M1, A3, M3, A4, M4, A5, and M5 preferred stock.
Where can Prospect Capital (PSEC) stockholders access the adjourned special meeting on June 23?
Stockholders can attend the adjourned special meeting via a virtual shareholder platform. According to Prospect Capital, the meeting will be hosted online at www.virtualshareholdermeeting.com/PSEC2026SM at 5:00 p.m. Eastern Time on June 23.
