Prospect Capital Adjourns Annual Meeting to January 2026 for Additional Vote Solicitation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Source: Globenewswire
- Annual Meeting Held: Prospect Capital convened its annual stockholders' meeting on December 16, 2025, to consider various proposals, reflecting the company's commitment to governance transparency and shareholder engagement.
- Voting Rights Allocation: As of September 17, 2025, the company had 465,087,009 shares of common and various preferred stocks outstanding, ensuring that each share has voting rights at the meeting, thereby enhancing shareholder influence over corporate decisions.
- Meeting Adjournment: The annual meeting has been adjourned to January 8, 2026, to allow additional time for soliciting shareholder votes on the second proposal, indicating the company's emphasis on shareholder input and the importance of the proposal's approval.
- Clear Investment Objective: Prospect Capital focuses on lending to and investing in middle-market privately-held companies, aiming to generate both current income and long-term capital appreciation, which underscores its strategic positioning and business development direction in the market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PSEC?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PSEC
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.
Prospect Capital's Grier Eliasek Discusses Private Credit Investment Opportunities
- Private Credit Strategy: Prospect Capital's President Grier Eliasek highlighted in an AdvisorHub interview that current market conditions present unique investment opportunities in the lower middle market, which are expected to drive the company's growth in this sector.
- Market Condition Analysis: Eliasek noted that despite increasing market volatility, Prospect's 38 years of experience and a team of 150 professionals enable the firm to effectively identify and capitalize on high-yield investment opportunities, thereby enhancing its competitive edge.
- Asset Management Scale: As of September 30, 2025, Prospect and its affiliates manage $7.3 billion in regulatory assets, showcasing their robust capabilities in high-yield debt and equity investments.
- Investor Relations Enhancement: By featuring in AdvisorHub, Prospect Capital not only boosts its brand visibility but also strengthens communication with potential investors, further solidifying its leadership position in the private credit market.
Continue Reading
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.
- Team Strength: Prospect and its affiliates employ a team of 150 professionals focused on credit-oriented investments, committed to providing attractive current income for investors, thereby enhancing the company's competitive position in the market.
- 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.
Continue Reading