Prospect Capital Corp. (PSEC) has released an update to notify the public and investors about a material modification to rights of security holders.
On December 28, 2023, the Company reclassified 160,000,000 of its authorized common stock into two series of preferred stock, Series A4 and Series M4, each consisting of 80,000,000 shares with a par value of $0.001 per share. A discrepancy between the Articles Supplementary originally filed with a Current Report and the version filed with the Maryland State Department prompted the Company to file a corrected Current Report with the matching Articles Supplementary.
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