Prospect Capital Upsizes Preferred Stock Offering to $1.8B With 7.28% Dividend
Portfolio Pulse from Benzinga Newsdesk
Prospect Capital Corporation has increased its preferred stock offering to $1.8 billion, with a 7.28% dividend. The offering has attracted strong demand from various investor channels, and Prospect is a leading issuer of non-traded preferred stock in 2023 and 2024.
October 21, 2024 | 11:18 am
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Prospect Capital Corporation has increased its preferred stock offering to $1.8 billion, with a 7.28% dividend. This move is likely to attract income-oriented investors, potentially boosting the stock price.
The upsize in the preferred stock offering and the attractive dividend rate are likely to draw more investors, which could positively impact PSEC's stock price. The strong demand from various investor channels indicates confidence in the company's offerings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100