Prospect Capital (PSEC) has call a baby bond issue.
The issue called is the 6.875% PBC issue which will be called on 12/30/2021–they become redeemable on 12/15/202.
Shares had run up to $26 just a few days ago and today have plunged to $25.16
Ken was on top of this call.
May be good for PSC-A though that one has been falling lately.
more bad news …………
and its only Wednesday