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Prospect Capital Corp., 6.25% Notes due 6/15/2028
Ticker Symbol: PBY*     CUSIP: 74348T409     Exchange: NYSE
Security Type:   Exchange-Traded Debt Security
* NOTE: This security is no longer trading as of 6/15/2021

Security has been Called for:  Tuesday, June 15, 2021

May 14, 2021 -- Prospect Capital Corp notified U.S. Bank National Association, the trustee (the “Trustee”) for its 6.25% Notes due 2028 (the “2028 Notes”), of the election to redeem $70.8 million of the aggregate principal amount of the 2028 Notes outstanding and instructed the Trustee to provide notice of such redemption to the holders of the 2028 Notes in accordance with the terms of the indenture governing the 2028 Notes. We expect the redemption to be completed on or about June 15, 2021. Following the redemption, none of the 2028 Notes will remain outstanding.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Prospect Capital Corp., 6.25% Notes due 2028 issued in $25 denominations, redeemable at the issuer's option on or after 6/15/2021 at $25 per note plus accrued and unpaid interest, and maturing 6/15/2028. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least one business day prior to the record date). If a Fundamental Change occurs prior to maturity, the holder will have the right to require the issuer to repurchase for cash some or all of the Notes at a repurchase price equal to 100% of the principal amount of the Notes being repurchased, plus accrued and unpaid interest (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s and rated BBB- by S&P at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
6.25%
$1.56
$25.00
$25.00
Called for
6/15/2021

6/15/2028
Baa3 BBB-
1/28/2021
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (PSEC)

IPO - 5/31/2018 - 2.00 Million Notes @ $25.00 /note.    Link to IPO Prospectus
Market Value $50.0 Million

Company's Online Information Links
HOME PAGE:     http://www.prospectstreet.com/
ETF Fund's Information Go to Fund Information
ETF Funds's Online News Releases Go to News Releases
Online ETF Fund Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address grier@prospectcap.com
General Email Address InvestorRelations@prospectstreet.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   10 East 40th Street, 42nd Floor, New York, NY 10016
Main Phone Number 212-448-0702
Fax Number 212-448-9652
Investor Contact (COO)   Grier Eliasek 212-448-0702
Toll Free Phone Number Unknown
CEO - John F. Berry III CFO - Kristin Lea Van Dask

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