Prospect Capital's Series A Preferred Stock Sees 7.5% Yield Amid Trading

Prospect Capital Corporation's 5.35% Series A Cumulative Preferred Stock (PSEC.PRA) has crossed the 7.5% yield mark, with shares trading at $17.25 on Monday. This compares to an average yield of 6.48% in the "Financial" preferred stock category. The preferred stock is trading at a 26.16% discount to its liquidation preference amount, compared to an average discount of 9.86% in the "Financial" category.