PROSPECT CAPITAL CORP
For the period ended Jun 30, 2026. Filed Aug 20, 2026.
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FY2026 · Filed Aug 20, 2026
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Item 9B. Other Information
During the year ended June 30, 2026, no director or Section 16 officer of the Company adopted orterminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408 of Regulation S-K.
We have adopted insider trading policies and procedures governing the purchase, sale, and disposition of our securities by our officers and directors that are reasonably designed to promote compliance with insider trading laws, rules and regulations.
On August 19, 2026, the Company filed an amendment to its charter (the “Articles of Amendment”) with the SDAT to increase the Company’s authorized shares of stock from 2,000,000,000 shares of stock to 4,000,000,000 shares of stock. The foregoing description of the Articles of Amendment is only a summary and is qualified in its entirety by reference to the full text of the Articles of Amendment, a copy of which is filed as Exhibit 3.21 to this Annual Report on Form 10-K.
On August 19, 2026, the Board of Directors of the Company amended and restated the bylaws of the Company (the “Amended and Restated Bylaws”) to change the voting standard for uncontested director elections from absolute majority to majority of the votes cast. The foregoing description of the Amended and Restated Bylaws is only a summary and is qualified in its entirety by reference to the full text of the Amended and Restated Bylaws, a copy of which is filed as Exhibit 3.2 to this Annual Report on Form 10-K.
The below table sets forth each class of our outstanding securitiesas of August 19, 2026:
| Title of Class of Securities · Amount Authorized · Amount Held by Registrant or for its Account · Amount Outstanding Exclusive of Amount held by Registrant or for its Account | ||||
|---|---|---|---|---|
| Common Stock | 3,234,237,954 | — | 524,832,496 | |
| Preferred Stock | 765,762,046 | — | 68,028,556 | |
| 3.364% 2026 Notes | 300,000 | — | 263,220 | |
| 3.437% 2028 Notes | 300,000 | — | 239,603 | |
| 5.50% 2030 Notes | 182,491 | — | 182,491 | (1) |
| Prospect Capital InterNotes® | 1,000,000 | — | 603,284 | (2) |
(1) The 5.50% 2030 Notes are a foreign-denominated bond, issued in Israeli Shekels. The amount outstanding has been remeasured into U.S. Dollars as of August 19, 2026.
(2) Prospect Capital InterNotes® amount outstanding includes settlements occurring on or before the filing date of the 10-K for the year ended June 30, 2026.
Financial Highlights
The financial highlights for each of the five years ended June 30, 2026 are presented within Note 16. Financial Highlights within our consolidated financial statements. The following is a schedule of financial highlights for each of the fiscal years ended June 30, 2021, June 30, 2020, June 30, 2019, June 30, 2018, and June 30, 2017:
| Year Ended June 30, | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 · 2020 · 2019 · 2018 · 2017 | ||||||||||
| Per Share Data(6) | ||||||||||
| Net asset value at beginning of year | $8.18 | $9.01 | $9.35 | $9.32 | $9.62 | |||||
| Net investment income | 0.75 | 0.72 | 0.85 | 0.79 | 0.85 | |||||
| Net realized and change in unrealized gains (losses)(1) | 1.77 | (0.76) | (0.46) | 0.04 | (0.15) | |||||
| Net increase (decrease) from operations | 2.51 | (5) | (0.04) | 0.39 | 0.83 | 0.70 | ||||
| Distributions of net investment income to preferred stockholders | — | (4) | — | (4) | — | (7) | — | (7) | — | (7) |
| Total Distributions to Preferred Stockholders | — | (4) | — | (4) | — | (7) | — | (7) | — | (7) |
| Net increase (decrease) from operations applicable to common stockholders | 2.51 | (0.04) | 0.39 | 0.83 | 0.70 | |||||
| Distributions of net investment income to common stockholders | (0.63) | (0.49) | (0.72) | (0.77) | (1.00) | |||||
| Return of capital to common stockholders | (0.09) | (0.23) | — | — | — | |||||
| Total Distributions to common stockholders | (0.72) | (0.72) | (0.72) | (0.77) | (1.00) | |||||
| Common stock transactions(2) | (0.11) | (0.07) | (0.01) | (0.03) | — | (4) | ||||
| Offering costs from issuance of preferred stock | (0.04) | — | (4) | — | (7) | — | (7) | — | (7) | |
| Net asset value at end of year | $9.81 | (5) | $8.18 | $9.01 | $9.35 | $9.32 | ||||
| Per share market value at end of year | $8.39 | $5.11 | $6.53 | $6.71 | $8.12 | |||||
| Total return based on market value(3) | 85.83% | (11.35%) | 8.23% | (7.42%) | 16.80% | |||||
| Total return based on net asset value(3) | 35.52% | 2.84% | 7.17% | 12.39% | 8.98% | |||||
| Shares of common stock outstanding at end of year | 388,419,573 | 373,538,499 | 367,131,025 | 364,409,938 | 360,076,933 | |||||
| Weighted average shares of common stock outstanding | 382,705,106 | 368,094,299 | 365,984,541 | 361,456,075 | 358,841,714 | |||||
| Ratios/Supplemental Data | ||||||||||
| Net assets at end of year | $3,945,517 | $3,055,861 | $3,306,275 | $3,407,047 | $3,354,952 | |||||
| Portfolio turnover rate | 14.64% | 16.46% | 10.86% | 30.70% | 23.65% | |||||
| Ratio of operating expenses to average net assets | 9.98% | 11.37% | 11.65% | 11.08% | 11.57% | |||||
| Ratio of net investment income to average net assets | 8.24% | 8.44% | 9.32% | 8.57% | 8.96% | |||||
(1)Realized gains (losses) is inclusive of net realized losses (gains) on investments and realized losses (gains) from extinguishment of debt.
(2)Common stock transactions include the effect of our issuance of common stock in public offerings (net of underwriting and offering costs), shares issued in connection with our dividend reinvestment plan, shares issued to acquire investments and shares repurchased below net asset value pursuant to our Repurchase Program.
(3)Total return based on market value is based on the change in market price per share between the opening and ending market prices per share in each period and assumes that dividends are reinvested in accordance with our dividend reinvestment plan. Total return based on net asset value is based upon the change in net asset value per share between the opening and ending net asset values per share in each period and assumes that dividends are reinvested in accordance with our dividend reinvestment plan.
(4)Amount is less than $0.01.
(5)Does not foot due to rounding.
(6)Per share data amount is based on the basic weighted average number of common shares outstanding for the year/period presented (except for dividends to shareholders which is based on actual rate per share).
(7)Not applicable to the respective fiscal year.
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