Prospect Capital Corporation 6.25% Notes due 2028

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Issue Date  6/01/2018

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Shares Sold  2,000,000   Overallotment Shares  300,000

S&P Rating  BBB-   Moodys  NR

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Security Ticker Symbol   PBB

Market Traded ON   NYSE

Interest Payment Paid on the 15th of March, June, September and December beginning on 09/15/2018

Quarterly Interest   .391   Annual Interest   1.5625

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Securities may be redeemed, at the issuers option, as early as 6/15/2021 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.

Maturity Date   6/15/2028

 

Company Investor Relations Page for Prospect Capital Corporation

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Click here to 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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