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On July 7, 2026, stockholders approved a proposal renewing the Board of Directors' authorization to sell common stock…
PSEC-PAProspect Capital Corp
On July 7, 2026, stockholders approved a proposal renewing the Board of Directors' authorization to sell common stock at prices below the company's current net asset value (NAV) per share for the next 12 months. This authorization is subject to conditions, including a limit where shares sold on any single date cannot exceed 25% of the outstanding common stock immediately prior to the sale. The proposal passed with 277,640,199 votes in favor and 63,873,735 against. Prospect Capital Corporation is a business development company that invests in middle-market companies.