Prospect Capital Adjourns Annual Meeting to January 15, 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
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Source: Globenewswire
- Meeting Adjournment: Prospect Capital held its annual meeting on January 8, 2026, but adjourned it to January 15, 2026, at 4:00 PM due to the need for additional time to solicit shareholder votes, indicating the company's commitment to shareholder engagement.
- Share Overview: As of September 17, 2025, Prospect Capital had 465,087,009 shares of common stock and various preferred stocks outstanding, showcasing a diverse capital structure that helps attract different types of investors.
- Voting Rights Explanation: Each share of common and preferred stock is entitled to one vote at the annual meeting, ensuring that all shareholders have a voice in significant decisions, which enhances corporate governance transparency.
- Investment Objective Statement: As a business development company, Prospect primarily invests in middle-market private companies with the goal of generating current income and long-term capital appreciation, reflecting its strategic positioning in the market.
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About PSEC
Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. It invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. It may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Prospect Capital's Grier Eliasek Discusses Private Credit Investment Opportunities
- Private Credit Strategy: Grier Eliasek, President of Prospect Capital, highlighted in an AdvisorHub interview that current market conditions present unique investment opportunities in the lower middle market, likely attracting increased investor interest.
- Market Experience: With 38 years of experience in high-yield debt and equity investments, Prospect Capital Management demonstrates adaptability in complex market environments through private partnerships and publicly traded closed-end structures.
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- Asset Management Scale: As of September 30, 2025, Prospect and its affiliates manage $7.3 billion in regulatory assets, showcasing their strong capabilities and market influence in the private credit sector.
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