Prospect expands Perpetual Preferred Stock program to iCapital Marketplace

Prospect Capital (PSEC) Management announced that Prospect Capital Corporation’s Perpetual Preferred Stock Series A5 and Series M5 ongoing offerings are now available on the iCapital Marketplace, expanding access for institutions, Registered Investment Advisors, private wealth managers, financial advisors, and their investor clients. The launch on iCapital Marketplace provides investors streamlined access to Prospect Capital Corporation’s perpetual preferred stock ongoing offerings, which have raised nearly $2 billion to date and currently feature a 7.50% per annum contractual and fixed dividend rate, intended to be paid monthly. The offerings are designed to emphasize low volatility, capital preservation, and attractive cash income.