benzinga71d ago
NEW YORK, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. ("Prospect Capital Management"), the SEC-registered investment adviser of Prospect Capital Corporation (NASDAQ:PSEC), today 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 ("RIAs"), 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."Prospect Capital is excited to expand its multi-billion-dollar perpetual preferred stock program to iCapital Marketplace," said Grier Eliasek, President of Prospect Capital Corporation. "We expect this strategic relationship to greatly benefit Prospect's growing private wealth offerings by expanding seamless investment access to Prospect's products, as well as providing enhanced diversification and long-term wealth-building value for investors. With interest rates declining, we believe our A5 and M5 perpetual preferred stock series, with a current 7.50% fixed dividend rate, offer an attractive option for income-oriented investors."As part of this collaboration, Prospect Capital Management continues its commitment to advisor education through targeted educational resources intended to support informed decision-making by institutions, RIAs, private wealth managers, financial advisors, and their investor clients.Prospect ...Full story available on Benzinga.com
