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Prospect Capital Corporation announced the results of its previously announced cash tender offer to purchase any and all of the outstanding notes. The Tender Offer was made pursuant to an Offer to Purchase dated October 17, 2022 which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on October 21, 2022, according to information provided by D.F. King & Co., Inc., the information and tender agent for the Tender Offer, a total of $1,508,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn in the Tender Offer. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on October 21, 2022. The consideration to be paid for the Eligible Notes is $985.00 for each $1,000 principal amount of Eligible Notes, plus accrued and unpaid interest on the Eligible Notes, if any, from the applicable last interest payment date up to, but not including, the settlement date, which date is expected to be October 26, 2022.

Prospect Capital Corporation announced that it has commenced a cash tender offer to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on October 21, 2022, or any other date and time to which the Company extends the Tender Offer. The Tender Offer is made pursuant to an Offer to Purchase dated today and related notice of guaranteed delivery, which set forth the terms and conditions of the Tender Offer. The consideration to be paid for each $1,000 principal amount of Notes that are validly tendered and not validly withdrawn on or prior to the Expiration Time is $985.00, plus accrued and unpaid interest on the Notes, if any, from the applicable last interest payment date up to, but not including, the Settlement Date. The Company will purchase any Notes that have been validly tendered at or prior to the Expiration Time and accepted for purchase, subject to all conditions to the Tender Offer having been either satisfied or waived by the Company, promptly following the Expiration Time. Assuming the Tender Offer is not extended, the Company expects that the Tender Offer will settle and payment will be made on October 26, 2022.

Prospect Capital announced the results of its previously announced cash tender offer to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated September 19, 2022, which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on September 23, 2022, according to information provided by D.F. King & Co., Inc., the information and tender agent for the Tender Offer, a total of $347,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn in the Tender Offer. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on September 23, 2022. The consideration to be paid for the Eligible Notes is $980.00 for each $1,000 principal amount of Eligible Notes, plus accrued and unpaid interest on the Eligible Notes, if any, from the applicable last interest payment date up to, but not including, the settlement date, which date is expected to be September 28, 2022.

Prospect Capital announced that it has commenced a cash tender offer to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on September 23, 2022, or any other date and time to which the Company extends the Tender Offer. The Tender Offer is made pursuant to an Offer to Purchase dated today and related notice of guaranteed delivery, which set forth the terms and conditions of the Tender Offer. The consideration to be paid for each $1,000 principal amount of Notes that are validly tendered and not validly withdrawn on or prior to the Expiration Time is $980.00, plus accrued and unpaid interest on the Notes, if any, from the applicable last interest payment date up to, but not including, the Settlement Date. The Company will purchase any Notes that have been validly tendered at or prior to the Expiration Time and accepted for purchase, subject to all conditions to the Tender Offer having been either satisfied or waived by the Company, promptly following the Expiration Time. Assuming the Tender Offer is not extended, the Company expects that the Tender Offer will settle and payment will be made on September 28, 2022.

Prospect Capital announced that Prospect's preferred stock offerings have exceeded $1B in aggregate liquidation preference issuances since the initial closing in the quarter ending December 31, 2020. The ongoing offering of the Series A1, M1, and M2 Preferred Stock being raised in the private wealth, institutional, and Registered Investment Advisor channels has approximately $645M now available for sale. In addition, on September 7, 2022, Prospect entered into an extension and upsizing of the revolving credit facility for Prospect Capital Funding, a GAAP consolidated and non-recourse subsidiary of Prospect, which will become effective on September 15, 2022, extends the term five years and the revolving period four years from such effective date, changes the interest rate on drawn amounts from one-month LIBOR plus 2.05% to one-month Term SOFR plus 2.05%, and increases the accordion feature, which allows the Facility, at Prospect's discretion, to accept additional commitments for up to a total of $2B of commitments. The Facility is increasing from $1.5B of commitments from 43 lenders to $1.584B of commitments from 44 lenders. Upon effectiveness of the extension, the Facility will mature on September 15, 2027 and will include a revolving period that extends through September 15, 2026, followed by an additional one-year amortization period.

In a regulatory NT 10-K filing yesterday evening, the company stated: "Prospect Capital is unable to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2022 within the prescribed time period without unreasonable effort or expense primarily because the Company requires additional time to complete its assessment of the effectiveness of its internal control over financial reporting and the Company's independent registered accounting firm requires additional time to complete its audit of the Company's internal control over financial reporting. Management is in the process of performing an assessment of the effectiveness of the Company's internal control over financial reporting as of June 30, 2022, based upon criteria in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Although the assessment is not yet complete, we expect to report a material weakness in our internal control over financial reporting relating to the operation of management review controls over the valuation of collateralized loan obligations, including management's review procedures over the completeness and accuracy of the underlying data used in performing those review procedures. Additionally, we expect to report a material weakness relating to our control environment and monitoring activities; specifically, with respect to evaluating internal control deficiencies in a timely manner. As a result of the foregoing, the Company needs additional time to finalize its financial statements and related disclosures to be filed as part of the 2022 Form 10-K. The Company expects to file its 2022 Form 10-K within the extension period of 15 calendar days as provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. The Company anticipates that the material weaknesses described above will not require a fourth quarter 2022 adjustment or materially impact its consolidated financial statements for any prior annual or interim periods."