Prospect Capital Holds Annual Meeting, Adjourns Voting to January 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Newsfilter
- Annual Meeting Held: Prospect Capital convened its annual stockholders' meeting on December 16, 2025, where multiple proposals were considered, reflecting the company's commitment to shareholder engagement.
- Voting Postponed: The meeting was adjourned until January 8, 2026, to allow additional time for soliciting votes on the second proposal, which may impact the timeliness of corporate decision-making.
- Share Statistics: As of September 17, 2025, the company had 465,087,009 shares of common stock outstanding, indicating stability in its capital structure and a broad shareholder base.
- Company Overview: Prospect Capital is a business development company focused on lending to and investing in middle-market private companies, aiming for both current income and long-term capital appreciation, highlighting its strategic market positioning.
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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.
- 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.
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