Prospect Capital Corporation has added its Series A5 and Series M5 perpetual preferred stock offerings to the iCapital Marketplace, a platform that connects institutional investors, registered investment advisors, and private‑wealth advisors with alternative investment products.
The move builds on a program that has already raised nearly $2 billion, offering a fixed 7.50% annual dividend paid monthly and a $25 stated value per share. By listing on iCapital, Prospect can broaden its investor base and improve liquidity for its high‑yield preferred securities, which are a key source of steady cash flow that supports the company’s core first‑lien middle‑market lending strategy.
The expansion reflects sustained demand for Prospect’s preferred securities, which appeal to investors seeking yield in a low‑interest‑rate environment. The company’s disciplined focus on risk‑reduced, senior‑secured loans and capital‑preservation practices underpins the attractiveness of its preferred stock program.
Management highlighted that the iCapital listing will streamline access for advisors and investors, potentially accelerating future capital raises and supporting Prospect’s broader growth objectives.
The addition of the Series A5 and M5 offerings to iCapital is part of Prospect’s broader effort to enhance liquidity and capital‑raising flexibility for its preferred products while maintaining its focus on first‑lien middle‑market lending.
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