Prospect Capital Corporation 6.25% Notes Due 2024

By: ,

Issue Date  12/09/2015

Shares Sold  6,000,000   Overallotment Shares  900,000

S&P Rating  BBB-   Moodys  NR

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This issue is investment grade.

Security Ticker Symbol   PBB

Market Traded ON   NYSE

Interest Payment Paid on the 15th of March, June, September and December beginning on 03/1/2016

Quarterly Interest   .391   Annual Interest   1.5625

Securities may be redeemed, at the issuers option, as early as 12/15/2018 for a redemption price of $25/share plus accrued interest

Interest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they do not qualify for preferential tax rates.

Prospect Capital is a Closed End Fund organized as a Business Development Company (BDC) and as such they must maintain a asset coverage ratio of 200%.

Maturity Date   6/15/2024

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Company Investor Relations Page for Prospect Capital Corporation

Below you can find the offering Prospectus and or final pricing documents

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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