Item 1.01. Entry into a Material Definitive Agreement.
5.50% Series A2 Preferred Stock
On May 19, 2021, Prospect Capital Corporation (the "Company") entered into an
underwriting agreement by and among the Company, Prospect Capital Management
L.P., Prospect Administration LLC, and UBS Securities LLC, relating to the offer
and sale of 187,000 shares of the Company's Series 5.50% Series A2 preferred
stock, par value $0.001 per share, with a liquidation preference of $25.00 per
share ("A Shares"). The offering will close on May 26, 2021.
The A Shares are registered with the Securities and Exchange Commission pursuant
to an automatic shelf registration statement on Form N-2 (File No. 333-236415)
under the Securities Act of 1933, as amended (the "Registration Statement"). The
offering is being conducted pursuant to a prospectus supplement dated May 19,
2021, and a base prospectus dated February 13, 2020 relating to the Registration
Statement.
The foregoing description of the underwriting agreement is only a summary and is
qualified in its entirety by reference to the full text of the underwriting
agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on
Form 8-K and incorporated herein by reference.

                                       3

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses