Prospect Capital Expands Perpetual Preferred Stock Program to iCapital Marketplace

Prospect Capital Corporation has expanded its $2 billion perpetual preferred stock program to iCapital Marketplace, offering a 7.50% per annum fixed dividend rate. The program aims to provide low volatility, capital preservation, and attractive cash income. Prospect Capital Management expects this strategic relationship to benefit private wealth offerings and provide enhanced diversification and long-term wealth-building value for investors.