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Prospect Capital commences public offering of 1.5 million shares

Prospect Capital, a closed-end investment company, has commenced a public offering of 1.5 million shares of its common stock, par value $0.001 per share.

The company is planning to grant the underwriters a 30-day option to purchase up to an additional 225,000 shares of its common stock to cover over-allotments, if any.

The prospect expects to use the net proceeds from this offering to repay outstanding indebtedness, to fund investments in portfolio companies and for general corporate purposes.

RBC Capital Markets and Oppenheimer are acting as joint book-running managers for the offering.