UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2024
OR
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 Commission File Number: 814-00659 

PROSPECT CAPITAL CORPORATION

(Exact name of registrant as specified in its charter)

Maryland	43-2048643
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
10 East 40th Street, 42nd Floor
New York, New York	10016
(Address of principal executive offices)	(Zip Code)
Registrant's telephone number, including area code: (212) 448-0702

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbols	Name of each exchange on which registered
Common Stock, $0.001 par value	PSEC	NASDAQ Global Select Market
5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock, par value $0.001	PSEC PRA	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý    No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý    No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	ý	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	o
		Emerging growth company	o
(Do not check if a smaller reporting company)

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o    No ý

As of November 6, 2024, there were 436,175,983 shares of the registrant’s common stock, $0.001 par value per share, outstanding.

Table of Contents

		Page
	Forward-Looking Statements	3
PART I	FINANCIAL INFORMATION
Item 1.	Financial Statements
	Consolidated Statements of Assets and Liabilities as of September 30, 2024 (unaudited) and June 30, 2024	4
	Consolidated Statements of Operations for the three months ended September 30, 2024 and September 30, 2023 (unaudited)	5
	Consolidated Statements of Changes in Net Assets and Temporary Equity for the three months ended September 30, 2024 and September 30, 2023 (unaudited)	7
	Consolidated Statements of Cash Flows for the three months ended September 30, 2024 and September 30, 2023 (unaudited)	8
	Consolidated Schedules of Investments as of September 30, 2024 (unaudited) and June 30, 2024	9
	Notes to Consolidated Financial Statements (unaudited)	45
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	111
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	142
Item 4.	Controls and Procedures	143
PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	144
Item 1A.	Risk Factors	144
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	146
Item 3.	Defaults Upon Senior Securities	147
Item 4.	Mine Safety Disclosures	147
Item 5.	Other Information	148
Item 6.	Exhibits	152
	Signatures

FORWARD-LOOKING STATEMENTS

This report contains information that may constitute “forward-looking statements.” Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” “should,” “could,” “may,” “plan” and similar expressions identify forward-looking statements, which generally are not historical in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to volume growth, share of sales and earnings per share growth, and statements expressing general views about future operating results—are forward-looking statements. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in Part II, “Item 1A. Risk Factors” and elsewhere in this report and in our Annual Report on Form 10-K for the year ended June 30, 2024, and those described from time to time in reports that we have filed or in the future may file with the Securities and Exchange Commission.

The forward-looking statements contained in this report involve a number of risks and uncertainties, including statements concerning:

•our, or our portfolio companies’, future operating results;

•our business prospects and the prospects of our portfolio companies;

•the return or impact of current or future investments that we expect to make;

•our contractual arrangements and relationships with third parties;

•the dependence of our future success on the general economy and its impact on the industries in which we invest;

•the impact of global events outside of our control, including, the consequences of the ongoing conflict between Russia and Ukraine and the Israel-Hamas war, on our and our portfolio companies’ business and the global economy;

•uncertainty surrounding inflation and the financial stability of the United States, Europe, and China;

•the financial condition of, and ability of our current and prospective portfolio companies to, achieve their objectives;

•difficulty in obtaining financing or raising capital, especially in the current credit and equity environment, and the impact of a protracted decline in the liquidity of credit markets on our and our portfolio companies’ business;

•the level, duration and volatility of prevailing interest rates and credit spreads, magnified by the current turmoil in the credit markets;

•the impact of alternative reference rates on our business and certain of our investments;

•adverse developments in the availability of desirable loan and investment opportunities whether they are due to competition, regulation or otherwise;

•a compression of the yield on our investments and the cost of our liabilities, as well as the level of leverage available to us;

•the impact of changes in laws or regulations governing our operations or the operations of our portfolio companies;

•our regulatory structure and tax treatment, including our ability to operate as a business development company and a regulated investment company;

•the adequacy of our cash resources and working capital;

•the timing of cash flows, if any, from the operations of our portfolio companies;

•the ability of our investment adviser to locate suitable investments for us and to monitor and administer our investments;

•the timing, form and amount of any dividend distributions;

•authoritative generally accepted accounting principles or policy changes from such standard-setting bodies as the Financial Accounting Standards Board, the Securities and Exchange Commission, Internal Revenue Service, the NASDAQ Global Select Market, the New York Stock Exchange LLC, and other authorities that we are subject to, as well as their counterparts in any foreign jurisdictions where we might do business; and

•any of the other risks, uncertainties and other factors we identify herein or in our Annual Report on Form 10-K for the year ended June 30, 2024.

3

PART I

Item 1. Financial Statements

PROSPECT CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(in thousands, except share and per share data)

	September 30, 2024		June 30, 2024
	(Unaudited)		(Audited)
Assets
Investments at fair value:
Control investments (amortized cost of $3,326,598 and $3,280,415, respectively)(Note 14)	$	3,744,510	$	3,872,575
Affiliate investments (amortized cost of $11,735 and $11,594, respectively)	21,658		18,069
Non-control/non-affiliate investments (amortized cost of $3,991,005 and $4,155,165, respectively)	3,710,473		3,827,599
Total investments at fair value (amortized cost of $7,329,338 and $7,447,174, respectively)(Note 3)	7,476,641		7,718,243
Cash and cash equivalents (restricted cash of $2,736 and $3,974, respectively)	57,022		85,872
Receivables for:
Interest, net	27,486		26,936
Other	943		1,091
Deferred financing costs on Revolving Credit Facility (Note 4)	22,368		22,975
Prepaid expenses	872		1,162
Due from broker	7,197		734
Due from Affiliate (Note 13)	176		79
Total Assets	7,592,705		7,857,092
Liabilities
Revolving Credit Facility (Notes 4 and 8)	547,231		794,796
Public Notes (less unamortized discount and debt issuance costs of $11,211 and $12,433,   respectively) (Notes 6 and 8)	976,504		987,567
Prospect Capital InterNotes® (less unamortized debt issuance costs of $9,040 and $7,999,    respectively) (Notes 7 and 8)	594,222		496,029
Convertible Notes (less unamortized debt issuance costs of $409 and $649, respectively) (Notes 5 and 8)	155,759		155,519
Due to broker	84,643		10,272
Due to Prospect Capital Management (Note 13)	54,286		58,624
Dividends payable	26,346		25,804
Interest payable	21,714		21,294
Due to Prospect Administration (Note 13)	4,579		5,433
Accrued expenses	4,037		3,591
Due to Affiliate (Note 13)	—		—
Other liabilities	269		242
Total Liabilities	2,469,590		2,559,171
Commitments and Contingencies (Note 3 and Note 15)
Preferred Stock, par value $0.001 per share (647,900,000 and 647,900,000 shares of preferred stock authorized, with 80,000,000 and 80,000,000 as Series A1, 80,000,000 and 80,000,000 as Series M1, 80,000,000 and 80,000,000 as Series M2, 20,000,000 and 20,000,000 as Series AA1, 20,000,000 and 20,000,000 as Series MM1, 1,000,000 and 1,000,000 as Series A2, 6,900,000 and 6,900,000 as Series A, 80,000,000 and 80,000,000 as Series A3, 80,000,000 and 80,000,000 as Series M3, 80,000,000 and 80,000,000 as Series A4, 80,000,000 and 80,000,000 as Series M4, 20,000,000 and 20,000,000 as Series AA2, and 20,000,000 and 20,000,000 as Series MM2, each as of September 30, 2024 and June 30, 2024; 28,266,559 and 28,932,457 Series A1 shares issued and outstanding, 1,409,007 and 1,788,851 Series M1 shares issued and outstanding, 0 and 0 Series M2 shares issued and outstanding, 0 and 0 Series AA1 shares issued and outstanding, 0 and 0 Series MM1 shares issued and outstanding, 164,000 and 164,000 Series A2 shares issued and outstanding, 5,251,157 and 5,251,157 Series A shares issued and outstanding, 24,608,472 and 24,810,648 Series A3 shares issued and outstanding, 3,025,020 and 3,351,101 Series M3 shares issued and outstanding, 1,847,915 and 1,401,747 Series M4 shares issued and outstanding, 5,801,035 and 3,766,166 Series A4 issued and outstanding, 0 and 0 Series AA2 shares issued and outstanding, and 0 and 0 Series MM2 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively) at carrying value plus cumulative accrued and unpaid dividends (Note 9)	1,612,302		1,586,188
Net Assets Applicable to Common Shares	$	3,510,813	$	3,711,733
Components of Net Assets Applicable to Common Shares and Net Assets, respectively
Common stock, par value $0.001 per share (1,352,100,000 and 1,352,100,000 common shares authorized; 433,560,728 and 424,846,963 issued and outstanding, respectively) (Note 9)	434		425
Paid-in capital in excess of par (Note 9 and 12)	4,250,105		4,208,607
Total distributable (loss) (Note 12)	(739,726)		(497,299)
Net Assets Applicable to Common Shares	$	3,510,813	$	3,711,733
Net Asset Value Per Common Share (Note 16)	$	8.10	$	8.74

4

PROSPECT CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

(Unaudited)

	Three Months Ended September 30,
	2024		2023
Investment Income
Interest income (excluding payment-in-kind (“PIK”) interest income):
Control investments	$	52,382	$	49,126
Affiliate investments	—		—
Non-control/non-affiliate investments	94,910		106,356
Structured credit securities	4,179		16,687
Total interest income (excluding PIK interest income)	151,471		172,169
PIK interest income:
Control investments	19,710		24,117
Affiliate investments	—		—
Non-control/non-affiliate investments	13,434		6,161
Total PIK Interest Income	33,144		30,278
Total interest income (Note 2)	184,615		202,447
Dividend income:
Control investments	—		227
Affiliate investments	141		1,307
Non-control/non-affiliate investments	2,269		1,525
Total dividend income	2,410		3,059
Other income:
Control investments	6,967		29,745
Affiliate investments	—		—
Non-control/non-affiliate investments	2,316		994
Total other income (Note 10)	9,283		30,739
Total Investment Income	196,308		236,245
Operating Expenses
Base management fee (Note 13)	38,606		39,289
Income incentive fee (Note 13)	15,680		25,617
Interest and credit facility expenses	39,760		40,593
Allocation of overhead from Prospect Administration (Note 13)	5,708		2,113
Audit, compliance and tax related fees	1,720		1,017
Directors’ fees	150		135
Other general and administrative expenses	4,807		1,869
Total Operating Expenses	106,431		110,633
Net Investment Income	89,877		125,612
Net Realized and Net Change in Unrealized Gains (Losses) from Investments
Net realized gains (losses)
Control investments	6,367		(147)
Affiliate investments	—		—
Non-control/non-affiliate investments	(106,737)		(207,342)
Net realized gains (losses)	(100,370)		(207,489)
Net change in unrealized gains (losses)
Control investments	(174,248)		(17,794)
Affiliate investments	3,448		837
Non-control/non-affiliate investments	47,033		215,586
Net change in unrealized gains (losses)	(123,767)		198,629
Net Realized and Net Change in Unrealized Gains (Losses) from Investments	(224,137)		(8,860)
Net realized gains (losses) on extinguishment of debt	248		(91)
Net Increase (Decrease) in Net Assets Resulting from Operations	(134,012)		116,661
Preferred Stock dividends	(27,157)		(23,151)
Net gain (loss) on redemptions of Preferred Stock	2,304		501
Gain (loss) on Accretion to Redemption Value of Preferred Stock	(6,204)		—
Net Increase (Decrease) in Net Assets Resulting from Operations applicable to Common Stockholders	$	(165,069)	$	94,011

See notes to consolidated financial statements.

5

PROSPECT CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

(Unaudited)

	Three Months Ended September 30,
	2024		2023
Basic and diluted earnings (loss) per common share (Note 11)
Basic	$	(0.38)	$	0.23
Diluted	$	(0.38)	$	0.18
Weighted-average shares of common stock outstanding (Note 11)
Basic	428,873,206		406,350,619
Diluted	428,873,206		635,590,328

See notes to consolidated financial statements.

6

PROSPECT CAPITAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS AND TEMPORARY EQUITY

(in thousands, except share and per share data)

(Unaudited)

	Preferred Stock Classified as Temporary Equity			Common Stock
Three Months Ended September 30, 2024	Shares	Carrying Value		Shares	Par		Paid-in capital in excess of par(1)		Distributable earnings (loss)(1)		Total Net Assets
Balance as of June 30, 2024	69,466,127	$	1,586,188	424,846,963	$425		$	4,208,607	$	(497,299)	$	3,711,733
Net Increase (Decrease) in Net Assets and Temporary Equity Resulting from Operations:
Net investment income									89,877		89,877
Net realized losses									(104,022)		(104,022)
Net change in unrealized losses									(123,767)		(123,767)
Distributions to Shareholders
Distributions from earnings (Note 16)									(104,515)		(104,515)
Capital Transactions
Issuance of preferred stock	2,371,281	52,944
Accretion of preferred stock to redemption value		6,204
Shares issued through reinvestment of dividends	40,157	956		1,834,082	2		9,270				9,272
Redemption of Preferred Stock	(1,844)	(46)
Conversion of preferred stock to common stock	(1,502,556)	(34,523)		6,879,683	7		32,228				32,235
Net increase in preferred dividend accrual		579
Total increase (decrease) for the three months ended September 30, 2024	907,038	26,114		8,713,765	9		41,498		(242,427)		(200,920)
Balance as of September 30, 2024	70,373,165	$	1,612,302	433,560,728	$	434	$	4,250,105	$	(739,726)	$	3,510,813

	Preferred Stock Classified as Temporary Equity			Common Stock
Three Months Ended September 30, 2023	Shares	Carrying Value		Shares	Par		Paid-in capital in excess of par(1)		Distributable earnings (loss)(1)		Total Net Assets
Balance as of June 30, 2023	62,102,009	$	1,418,014	404,033,549	$	404	$	4,085,207	$	(352,946)	$	3,732,665
Net Increase in Net Assets and Temporary Equity Resulting from Operations:
Net investment income									125,612		125,612
Net realized losses									(207,079)		(207,079)
Net change in unrealized gains									198,629		198,629
Distributions to Shareholders(1)
Distributions from earnings(Note 16)									(89,944)		(89,944)
Return of capital to common stockholders(Note 12)							(6,459)				(6,459)
Capital Transactions
Issuance of Preferred Stock	3,198,085	71,342
Repurchase of Preferred Stock	(62,309)	(1,503)
Shares issued through reinvestment of dividends	29,413	709		1,538,258	2		9,162				9,164
Conversion of preferred stock to common stock	(773,473)	(18,278)		3,046,897	3		18,275				18,278
Net (decrease) in preferred dividend accrual		(37)
Total increase (decrease) for the three months ended September 30, 2023	2,391,716	52,233		4,585,155	5		20,978		27,218		48,201
Balance as of September 30, 2023	64,493,725	$	1,470,247	408,618,704	$	409	$	4,106,185	$	(325,728)	$	3,780,866

(1) Tax character of distributions is not yet finalized for the respective fiscal period and will not be finalized until we file our tax return for our tax year ending August 31, 2024. See Note 2 and Note 12 within the accompanying notes to consolidated financial statements for further discussion on tax reclassification of net assets and tax basis components of dividends.

See notes to consolidated financial statements.

7

PROSPECT CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, except share data)

(Unaudited)

	Three Months Ended September 30,
	2024		2023
Operating Activities
Net increase (decrease) in net assets resulting from operations	$	(134,012)	$	116,661
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:
Net realized losses (gains) on extinguishment of debt	(248)		91
Net realized losses on investments	100,370		207,489
Net change in unrealized losses (gains) on investments	123,767		(198,629)
Accretion of premiums, net	(2,447)		(1,349)
Amortization of deferred financing costs	2,248		1,843
Accretion of original issue discount	735		716
Payment-In-Kind interest	(33,144)		(30,278)
Structuring fees	(1,514)		(656)
Change in operating assets and liabilities:
Payments for purchases of investments	(255,982)		(100,140)
Proceeds from sale of investments and collection of investment principal	289,201		93,454
Net Reductions to Subordinated Structured Notes and related investment cost	21,351		18,223
(Increase) decrease in interest receivable, net	(549)		(8,095)
(Increase) decrease in due from broker	(6,463)		182
(Increase) decrease in other receivables	148		(6)
(Increase) decrease in due from Affiliate	(97)		(15)
(Increase) decrease in prepaid expenses	290		256
Increase (decrease) in due to broker	74,371		(78)
Increase (decrease) in due to Prospect Administration	(854)		(2,545)
Increase (decrease) in due to Prospect Capital Management	(4,338)		3,255
Increase (decrease) in accrued expenses	446		(1,336)
Increase (decrease) in interest payable	420		(2,381)
Increase (decrease) in due to Affiliate	—		(161)
Increase (decrease) in other liabilities	27		(1,417)
Net Cash Provided by Operating Activities	173,726		95,084
Financing Activities
Borrowings under Revolving Credit Facility (Note 4)	355,000		219,000
Principal payments under Revolving Credit Facility (Note 4)	(602,565)		(318,682)
Redemptions of Public Notes (Note 6)	(11,930)		—
Issuances of Prospect Capital InterNotes® (Note 7)	101,734		3,976
Redemptions of Prospect Capital InterNotes®, net (Note 7)	(2,500)		(3,247)
Financing costs paid and deferred	(2,062)		(409)
Proceeds from issuance of preferred stock, net of underwriting costs	53,799		72,651
Offering costs from issuance of preferred stock	(855)		(1,309)
Repurchase of Preferred Stock	—		(1,001)
Dividends paid and distributions to common and preferred stockholders	(93,197)		(92,802)
Net Cash Provided by (Used in) Financing Activities	(202,576)		(121,823)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	(28,850)		(26,739)
Cash, Cash Equivalents and Restricted Cash at beginning of period	85,872		95,646
Cash, Cash Equivalents and Restricted Cash at End of Period	$	57,022	$	68,907
Supplemental Disclosures
Cash paid for interest	$	36,357	$	40,415
Non-Cash Financing Activities
Value of shares issued through reinvestment of dividends	10,228		9,873
Conversion of preferred stock to common stock	34,569		18,278

See notes to consolidated financial statements.

8

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Control Investments (greater than 25.00% voting control)(38)
CP Energy Services Inc. (18)	Energy Equipment & Services	First Lien Term Loan	10/1/2017	13.86% (3M SOFR + 9.00%)	1.00	4/4/2027	$	63,003	$	63,003	$	54,994	1.6%	(8)(37)
		First Lien Term Loan	4/5/2022	13.86% (3M SOFR + 9.00%)	1.00	4/4/2027	8,191		8,191		7,149		0.2%	(8)(37)
		First Lien Term Loan	1/6/2023	13.86% (3M SOFR + 9.00%)	1.00	4/4/2027	16,223		16,223		14,160		0.4%	(8)(37)
		First Lien Term Loan A to Spartan Energy Services, LLC	10/20/2014	12.87% PIK (3M SOFR + 8.00%)	1.00	12/31/2025	38,752		38,752		34,731		1.0%	(8)(37)
		First Lien Term Loan A to Spartan Energy Services, LLC	10/20/2014	13.59% (3M SOFR + 8.00%)	1.00	12/31/2025	4,569		4,569		4,095		0.1%	(8)
		Series A Preferred Units to Spartan Energy Holdings, Inc. (10,000 shares)	9/25/2020	15.00%		N/A			26,193		—		—%	(14)
		Series B Redeemable Preferred Stock (790 shares)	10/30/2015	16.00%		N/A			63,225		—		—%	(14)
		Common Stock (102,924 shares)	8/2/2013			N/A			86,240		—		—%	(14)
									306,396		115,129		3.3%
Credit Central Loan Company, LLC (19)	Consumer Finance	First Lien Term Loan	12/28/2012	5.00% plus 5.00% PIK	—	9/15/2027	83,990		83,990		74,197		2.1%	(12)(37)
		Class A Units (14,867,312 units)	12/28/2012			N/A			19,331		—		—%	(12)(14)
		Preferred Class P Shares (12,876,441 units)	7/1/2022	12.75% PIK		N/A			11,520		—		—%	(12)(14)
		Net Revenues Interest (25% of Net Revenues)	1/28/2015			N/A			—		—		—%	(12)(14)
									114,841		74,197		2.1%
Echelon Transportation, LLC	Trading Companies & Distributors	First Lien Term Loan	3/31/2014	6.00%	—	12/7/2026	55,849		55,849		55,849		1.6%	(37)
		Membership Interest (100%)	3/31/2014			N/A			22,738		—		—%	(14)
		Preferred Units (41,751,342 shares)	1/31/2022	12.75% PIK		N/A			32,843		8,015		0.2%	(14)
									111,430		63,864		1.8%
First Tower Finance Company LLC (21)	Consumer Finance	First Lien Term Loan to First Tower, LLC	6/24/2014	10.00% plus 5.00% PIK	—	12/18/2027	430,555		430,555		430,555		12.3%	(12)(37)
		Class A Units (95,709,910 units)	6/14/2012			N/A			31,146		189,254		5.4%	(12)(14)
									461,701		619,809		17.7%
Freedom Marine Solutions, LLC (22)	Marine Transport	Membership Interest (100%)	11/9/2006			N/A			47,116		12,451		0.4%	(14)
									47,116		12,451		0.4%
InterDent, Inc.	Health Care Providers & Services	First Lien Delayed Draw Term Loan B - $15,000 Commitment	9/30/2024	5.00% plus 7.00% PIK	—	9/5/2025	3,000		3,000		3,000		0.1%	(13)
		First Lien Term Loan A/B	8/1/2018	19.61% (1M SOFR + 14.65%)	2.00	9/5/2025	14,249		14,249		14,249		0.4%	(3)(8)
		First Lien Term Loan A	8/3/2012	10.46% (1M SOFR + 5.50%)	1.00	9/5/2025	95,823		95,823		95,823		2.7%	(3)(8)
		First Lien Term Loan B	8/3/2012	5.00% plus 7.00% PIK	—	9/5/2025	210,128		210,128		210,128		6.0%	(37)
		Common Stock ( 99,900 shares)	5/3/2019			N/A			45,118		80,527		2.3%	(14)
									368,318		403,727		11.5%
Kickapoo Ranch Pet Resort	Diversified Consumer Services	First Lien Term Loan	1/11/2024	12.10% (3M SOFR + 7.50%)	3.00	1/10/2029	1,500		1,500		1,500		—%	(8)
		Membership Interest (100%)	8/26/2019		—	N/A	—		2,378		3,535		0.1%
									3,878		5,035		0.1%
MITY, Inc. (23)	Commercial Services & Supplies	First Lien Term Loan A	9/19/2013	13.88% (3M SOFR + 9.02%)	3.00	4/30/2025	48,724		48,724		48,724		1.4%	(3)(8)
		First Lien Term Loan B	6/23/2014	11.86% (3M SOFR + 7.00%) plus 10.00% PIK	3.00	4/30/2025	8,274		8,274		8,274		0.2%	(8)(37)
		Unsecured Note to Broda Enterprises ULC	9/19/2013	10.00%	—	1/1/2028	5,456		7,200		5,456		0.2%	(12)
		Common Stock (42,206 shares)	9/19/2013			N/A			27,349		28,001		0.8%	(14)
									91,547		90,455		2.6%

See notes to consolidated financial statements.

9

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Control Investments (greater than 25.00% voting control)(38)
National Property REIT Corp. (24)	Residential Real Estate Investment Trusts (REITs) / Consumer Finance / Structured Finance	First Lien Term Loan A	12/31/2018	4.25% (3M SOFR + 0.25%) plus 2.00% PIK	4.00	3/31/2026	$	651,417	$	651,417	$	651,417	18.6%	(8)(37)
		First Lien Term Loan B	12/31/2018	6.87% (3M SOFR + 2.00%)	3.00	3/31/2026	20,630		20,630		20,630		0.6%	(8)
		First Lien Term Loan C	10/31/2019	14.87% (3M SOFR + 10.00%) plus 2.25% PIK	1.00	3/31/2026	190,500		190,500		190,500		5.4%	(8)(37)
		First Lien Term Loan D	6/19/2020	4.25% (3M SOFR + 0.25%) plus 2.00% PIK	4.00	3/31/2026	183,425		183,425		183,425		5.2%	(8)(37)
		First Lien Term Loan E	11/14/2022	7.00% (3M SOFR + 1.50%) plus 7.00% PIK	5.50	3/31/2026	50,837		50,837		50,837		1.4%	(8)(37)
		Residual Profit Interest	12/31/2018			N/A			—		39,863		1.1%	(33)
		Common Stock (3,374,914 shares)	12/31/2013			N/A			20,030		493,295		14.1%	(14)(43)
									1,116,839		1,629,967		46.4%
Nationwide Loan Company LLC (25)	Consumer Finance	First Lien Delayed Draw Term Loan - $7,350 Commitment	5/15/2024	10.00% plus 10.00% PIK	—	5/15/2029	5,717		5,717		5,717		0.2%	(12)(13)(37)
		First Lien Term Loan	6/18/2014	10.00% plus 10.00% PIK	—	5/15/2029	29,083		29,083		29,083		0.8%	(12)(37)
		Class A Units (38,550,460 units)	1/31/2013			N/A			20,845		5,636		0.2%	(12)(14)
									55,645		40,436		1.2%
NMMB, Inc. (26)	Media	First Lien Term Loan	12/30/2019	13.36% (3M SOFR + 8.50%)	2.00	3/31/2027	29,723		29,723		29,723		0.8%	(3)(8)
		Common Stock (21,418 shares)	12/30/2019			N/A			—		51,564		1.5%
									29,723		81,287		2.3%
Pacific World Corporation (34)	Personal Care Products	First Lien Revolving Line of Credit - $30,200 Commitment	9/26/2014	9.10% PIK (1M SOFR + 4.25%)	1.00	9/26/2025	39,910		39,910		39,910		1.1%	(8)(13)(37)
		First Lien Term Loan A	12/31/2014	9.10% PIK (1M SOFR + 4.25%)	1.00	9/26/2025	65,785		65,785		65,785		1.9%	(8)(37)
		Convertible Preferred Equity (626,472 shares)	6/15/2018	12.00% PIK		N/A			221,795		4,647		0.1%	(14)
		Common Stock (6,778,414 shares)	9/29/2017			N/A			—		—		—%	(14)
									327,490		110,342		3.1%
R-V Industries, Inc.	Machinery	First Lien Term Loan	12/15/2020	13.86% (3M SOFR + 9.00%)	1.00	12/15/2028	37,322		37,322		37,322		1.1%	(3)(8)
		Common Stock (745,107 shares)	6/26/2007			N/A			6,866		67,516		1.9%	(14)
									44,188		104,838		3.0%
Universal Turbine Parts, LLC (32)	Aerospace & Defense	First Lien Delayed Draw Term Loan - $6,965 Commitment	2/28/2019	12.61% (3M SOFR + 7.75%)	1.00	10/5/2026	5,545		5,545		5,545		0.2%	(8)(13)
		First Lien Term Loan A	7/22/2016	10.61% (3M SOFR + 5.75%)	1.00	10/5/2026	29,575		29,575		29,575		0.8%	(3)(8)
		Preferred Units (73,642,781 units)	3/31/2021	12.75% PIK		N/A			32,500		32,328		0.9%	(14)
		Common Stock (10,000 units)	12/10/2018			N/A			—		—		—%	(14)
									67,620		67,448		1.9%
USES Corp. (28)	Commercial Services & Supplies	First Lien Term Loan	12/30/2020	14.11% (1M SOFR + 9.00%)	1.00	8/15/2026	2,000		2,000		2,000		0.1%	(8)
		First Lien Equipment Term Loan	8/3/2022	14.11% (1M SOFR + 9.00%)	1.00	8/15/2026	15,735		15,735		15,735		0.4%	(8)(37)
		First Lien Term Loan A	3/31/2014	9.00% PIK	—	8/15/2026	74,093		30,651		2,406		0.1%	(7)
		First Lien Term Loan B	3/31/2014	15.50% PIK	—	8/15/2026	128,795		35,568		—		—%	(7)
		Common Stock (268,962 shares)	6/15/2016			N/A			—		—		—%	(14)
									83,954		20,141		0.6%
Valley Electric Company, Inc. (29)	Construction & Engineering	First Lien Term Loan to Valley Electric Co. of Mt. Vernon, Inc.	12/31/2012	9.86% (3M SOFR + 5.00%) plus 2.50% PIK	3.00	12/31/2024	10,452		10,452		10,452		0.2%	(3)(8)(37)
		First Lien Term Loan	6/24/2014	8.00% plus 10.00% PIK	—	4/30/2028	38,630		38,630		38,630		1.1%	(3)(37)
		First Lien Term Loan B	3/28/2022	7.00% plus 5.50% PIK	—	4/30/2028	34,777		34,777		34,777		1.0%	(3)(37)
		Consolidated Revenue Interest (2.00%)	6/22/2018			N/A			—		1,764		0.1%	(10)
		Common Stock (50,000 shares)	12/31/2012			N/A			12,053		219,761		6.3%	(14)
									95,912		305,384		8.7%
Total Control Investments									$	3,326,598	$	3,744,510	106.7%

See notes to consolidated financial statements.

10

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value	Amortized Cost		Fair Value(2)		% of Net Assets
Affiliate Investments (5.00% to 24.99% voting control)(39)
Nixon, Inc. (30)	Textiles, Apparel & Luxury Goods	Common Stock (857 units)	5/12/2017			N/A		$	—	$	—	—	%	(14)
								—		—		—	%
RGIS Services, LLC	Commercial Services & Supplies	Membership Interest (8.00%)	6/25/2020			N/A		11,735		21,658		0.6	%
								11,735		21,658		0.6	%
Total Affiliate Investments								$	11,735	$	21,658	0.6	%

See notes to consolidated financial statements.

11

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
8th Avenue Food & Provisions, Inc.	Food Products	Second Lien Term Loan	9/21/2018	12.71% (1M SOFR + 7.75%)	—	10/1/2026	$	32,133	$	32,054	$	29,270	0.8	%	(8)
									32,054		29,270		0.8	%
Apidos CLO XI	Structured Finance	Subordinated Structured Note	12/6/2012	Residual Interest, current yield 9.63%	—	4/17/2034	67,783		38,238		34,209		1.0	%	(5)(12)
									38,238		34,209		1.0	%
Apidos CLO XII	Structured Finance	Subordinated Structured Note	3/15/2013	Residual Interest, current yield 0.00%	—	4/15/2031	52,203		26,961		22,383		0.6	%	(5)(12)(15)
									26,961		22,383		0.6	%
Apidos CLO XV	Structured Finance	Subordinated Structured Note	9/13/2013	Residual Interest, current yield 0.00%	—	4/21/2031	48,515		22,610		20,233		0.6	%	(5)(12)(15)
									22,610		20,233		0.6	%
Apidos CLO XXII	Structured Finance	Subordinated Structured Note	9/16/2015	Residual Interest, current yield 0.00%	—	4/21/2031	35,855		22,043		19,569		0.6	%	(5)(12)(15)
									22,043		19,569		0.6	%
Atlantis Health Care Group (Puerto Rico), Inc.	Health Care Providers & Services	First Lien Term Loan	2/21/2013	13.60% (3M SOFR + 8.75%)	2.00	5/15/2025	57,980		57,980		57,980		1.7	%	(3)(8)
									57,980		57,980		1.7	%
Aventiv Technologies, LLC	Diversified Telecommunication Services	Second Out Super Priority First Lien Term Loan	4/2/2024	12.37% (3M SOFR + 7.50%)	1.00	7/31/2025	664		664		664		—	%	(8)(47)
		Third Out Super Priority First Lien Term Loan	3/28/2024	5.87% (3M SOFR + 1.00%) plus 4.09% PIK	1.00	7/31/2025	25,624		22,117		22,428		0.6	%	(8)(37)(47)
		Second Lien Term Loan	3/28/2024	13.92% (3M SOFR + 9.05%)	1.00	11/1/2025	87,401		58,476		48,080		1.4	%	(8)(37)
									81,257		71,172		2.0	%
Barings CLO 2018-III	Structured Finance	Subordinated Structured Note	10/9/2014	Residual Interest, current yield 0.00%	—	7/20/2029	82,809		7,539		6,671		0.2	%	(5)(12)(15)
									7,539		6,671		0.2	%
Barracuda Parent, LLC	IT Services	Second Lien Term Loan	8/15/2022	12.31% (6M SOFR + 7.00%)	0.50	8/15/2030	20,000		19,563		19,278		0.5	%
									19,563		19,278		0.5	%
BCPE North Star US Holdco 2, Inc.	Food Products	Second Lien Term Loan	6/7/2021	12.21% (1M SOFR + 7.25%)	0.75	6/11/2029	99,999		99,488		94,462		2.7	%	(8)
									99,488		94,462		2.7	%
BCPE Osprey Buyer, Inc.	Health Care Technology	First Lien Revolving Line of Credit - $4,239 Commitment	10/18/2021	10.77% (1M SOFR + 5.75%)	0.75	8/21/2026	2,826		2,826		2,826		0.1	%	(8)(13)(49)
		First Lien Delayed Draw Term Loan - $4,691 Commitment	10/18/2021	10.71% (1M SOFR + 5.75%)	0.75	8/23/2028	4,656		4,614		4,656		0.1	%	(3)(8)(13)
		First Lien Term Loan	10/18/2021	11.07% (3M SOFR + 5.75%)	0.75	8/23/2028	63,213		63,213		63,213		1.8	%	(3)(8)
									70,653		70,695		2.0	%
Belnick, LLC (d/b/a The Ubique Group)	Household Durables	First Lien Term Loan	1/20/2022	13.36% (3M SOFR + 8.50%)	4.00	1/20/2027	82,666		82,666		81,829		2.3	%	(3)(8)
									82,666		81,829		2.3	%
Broder Bros., Co.	Textiles, Apparel & Luxury Goods	First Lien Term Loan	12/4/2017	10.97% (3M SOFR + 6.00%)	1.00	12/4/2025	152,482		152,482		152,482		4.3	%	(3)(8)
									152,482		152,482		4.3	%
Burgess Point Purchaser Corporation	Automobile Components	Second Lien Term Loan	7/25/2022	14.19% (1M SOFR + 9.00%)	0.75	7/25/2030	30,000		30,000		28,500		0.8	%	(3)(8)
									30,000		28,500		0.8	%
California Street CLO IX Ltd.	Structured Finance	Subordinated Structured Note	4/19/2012	Residual Interest, current yield 3.38%	—	7/16/2032	58,915		34,482		27,980		0.8	%	(5)(12)
									34,482		27,980		0.8	%
Capstone Logistics Acquisition, Inc.	Commercial Services & Supplies	Second Lien Term Loan	11/12/2020	13.45% (1M SOFR + 8.50%)	1.00	11/13/2030	8,500		8,336		8,500		0.2	%	(8)
									8,336		8,500		0.2	%
Carlyle C17 CLO Limited	Structured Finance	Subordinated Structured Note	1/24/2013	Residual Interest, current yield 0.00%	—	4/30/2031	24,870		6,209		5,627		0.2	%	(5)(12)(15)
									6,209		5,627		0.2	%

See notes to consolidated financial statements.

12

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Carlyle Global Market Strategies CLO 2014-4-R, Ltd.	Structured Finance	Subordinated Structured Note	4/7/2017	Residual Interest, current yield 0.00%	—	7/15/2030	$	25,534	$	9,829	$	8,929	0.3	%	(5)(12)(15)
									9,829		8,929		0.3	%
Carlyle Global Market Strategies CLO 2016-3, Ltd.	Structured Finance	Subordinated Structured Note	8/9/2016	Residual Interest, current yield 4.12%	—	7/20/2034	32,200		30,094		24,149		0.7	%	(5)(12)
									30,094		24,149		0.7	%
Cent CLO 21 Limited	Structured Finance	Subordinated Structured Note	5/15/2014	Residual Interest, current yield 0.00%	—	7/29/2030	49,552		—		168		—	%	(5)(12)(15)
									—		168		—	%
CIFC Funding 2013-III-R, Ltd.	Structured Finance	Subordinated Structured Note	8/2/2013	Residual Interest, current yield 0.00%	—	4/24/2031	44,100		14,594		13,136		0.4	%	(5)(12)(15)
									14,594		13,136		0.4	%
CIFC Funding 2013-IV, Ltd.	Structured Finance	Subordinated Structured Note	10/22/2013	Residual Interest, current yield 0.00%	—	4/28/2031	45,500		21,355		19,114		0.5	%	(5)(12)(15)
									21,355		19,114		0.5	%
CIFC Funding 2014-IV-R, Ltd.	Structured Finance	Subordinated Structured Note	8/5/2014	Residual Interest, current yield 9.51%	—	1/17/2035	50,143		36,186		28,801		0.8	%	(5)(12)
									36,186		28,801		0.8	%
CIFC Funding 2016-I, Ltd.	Structured Finance	Subordinated Structured Note	12/9/2016	Residual Interest, current yield 9.37%	—	10/21/2031	34,000		31,052		29,415		0.8	%	(5)(12)
									31,052		29,415		0.8	%
Collections Acquisition Company, Inc.	Financial Services	First Lien Term Loan	12/3/2019	12.51% (3M SOFR + 7.65%)	2.50	6/3/2027	44,885		44,885		44,885		1.3	%	(3)(8)
									44,885		44,885		1.3	%
Columbia Cent CLO 27 Limited	Structured Finance	Subordinated Structured Note	12/18/2013	Residual Interest, current yield 5.57%	—	1/25/2035	48,978		30,410		26,111		0.7	%	(5)(12)
									30,410		26,111		0.7	%
Credit.com Holdings, LLC (6)	Diversified Consumer Services	First Lien Term Loan A	9/28/2023	15.87% (3M SOFR + 11.00%)	1.50	9/28/2028	34,677		34,677		33,107		0.9%		(8)(37)
		First Lien Term Loan B	9/28/2023	16.87% (3M SOFR + 12.00%)	1.50	9/28/2028	59,547		59,547		42,560		1.2%		(8)(37)
		Class B of PGX TopCo II LLC (999 Non-Voting Units)	9/28/2023			N/A			—		556		—%		(14)
									94,224		76,223		2.1	%
Discovery Point Retreat, LLC (50)	Health Care Providers & Services	First Lien Term Loan	6/14/2024	12.62% (3M SOFR + 7.75%)	3.25	6/14/2029	17,000		17,000		16,935		0.5%		(3)(8)
		First Lien Revolving Line of Credit - $2,500 Commitment	6/14/2024	12.62% (3M SOFR + 7.75%)	3.25	12/14/2024	900		900		897		—%		(8)(13)
		Series A Preferred Stock of Discovery MSO HoldCo LLC - 7,785 Units	6/14/2024	8.00% PIK		N/A			7,950		15,898		0.5%		(14)
									25,850		33,730		1.0	%
DRI Holding Inc.	Commercial Services & Supplies	First Lien Term Loan	12/21/2021	10.20% (1M SOFR + 5.25%)	0.50	12/21/2028	33,561		32,697		33,561		1.0	%	(3)(8)
		Second Lien Term Loan	12/21/2021	12.95% (1M SOFR + 8.00%)	0.50	12/21/2029	145,000		145,000		144,821		4.1	%	(3)(8)
									177,697		178,382		5.1	%
Druid City Infusion, LLC	Pharmaceuticals	First Lien Term Loan	9/30/2024	12.10% (3M SOFR + 7.50%)	3.00	10/4/2029	50,000		50,000		50,000		1.4	%	(8)
		First Lien Convertible Note to Druid City Intermediate, Inc.	9/30/2024	6.00% plus 2.00% PIK	—	10/4/2033	18,950		18,950		37,521		1.1	%
									68,950		87,521		2.5	%
DTI Holdco, Inc.	Professional Services	First Lien Term Loan	4/26/2022	9.60% (1M SOFR + 4.75%)	0.75	4/26/2029	18,176		17,934		18,176		0.5	%	(3)(8)(45)
									17,934		18,176		0.5	%

See notes to consolidated financial statements.

13

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Dukes Root Control Inc.	Commercial Services & Supplies	First Lien Revolving Line of Credit - $4,464 Commitment	12/8/2022	11.88% (3M SOFR + 6.50%)	1.00	12/8/2028	$	1,839	$	1,860	$	1,839	0.1%		(8)(13)(49)
		First Lien Delayed Draw Term Loan - $8,929 Commitment	12/8/2022	11.79% (3M SOFR + 6.50%)	1.00	12/8/2028	3,230		3,219		3,230		0.1%		(8)(13)(49)
		First Lien Term Loan	12/8/2022	11.71% (3M SOFR + 6.50%)	1.00	12/8/2028	35,967		36,138		35,967		1.0%		(3)(8)
									41,217		41,036		1.2%
Easy Gardener Products, Inc.	Household Durables	Class A Units of EZG Holdings, LLC (200 units)	6/11/2020			N/A			313		—		—	%	(14)
		Class B Units of EZG Holdings, LLC (12,525 units)	6/11/2020			N/A			1,688		—		—	%	(14)
									2,001		—		—	%
Engineered Machinery Holdings, Inc.	Machinery	Incremental Amendment No. 2 Second Lien Term Loan	5/6/2021	11.37% (3M SOFR + 6.50%)	0.75	5/21/2029	5,000		4,995		5,000		0.1	%	(3)(8)
		Incremental Amendment No. 3 Second Lien Term Loan	8/6/2021	10.87% (3M SOFR + 6.00%)	0.75	5/21/2029	5,000		5,000		5,000		0.1	%	(3)(8)
									9,995		10,000		0.2	%
Emerge Intermediate, Inc. (48)	Pharmaceuticals	First Lien Term Loan	2/26/2024	11.31% (3M SOFR + 6.25%)	1.00	2/26/2026	56,188		56,188		55,907		1.6	%	(3)(8)
									56,188		55,907		1.6	%
Enseo Acquisition, Inc.	Media	First Lien Term Loan	6/2/2021	12.86% (3M SOFR + 8.00%)	1.00	6/2/2026	52,979		52,979		52,979		1.5	%	(3)(8)
									52,979		52,979		1.5	%
Eze Castle Integration, Inc.	Software	First Lien Delayed Draw Term Loan - $8,036 Commitment	7/15/2020	12.81% (3M SOFR + 7.50%)	3.00	1/15/2027	1,774		1,774		1,774		0.1	%	(8)(13)(49)
		First Lien Term Loan	7/15/2020	12.93% (3M SOFR + 7.50%)	3.00	1/15/2027	46,286		46,286		46,286		1.3	%	(3)(8)
									48,060		48,060		1.4	%
Faraday Buyer, LLC	Electrical Equipment	First Lien Delayed Draw Term Loan - $6,540 - Commitment	10/11/2022	10.60% (3M SOFR + 6.00%)	1.00	10/11/2028	—		—		—		—	%	(8)(13)
		First Lien Term Loan	10/11/2022	10.60% (3M SOFR + 6.00%)	1.00	10/11/2028	61,835		61,835		61,835		1.8	%	(3)(8)
									61,835		61,835		1.8	%
First Brands Group	Automobile Components	First Lien Term Loan	3/24/2021	10.51% ( 3M SOFR + 5.00%)	1.00	3/30/2027	22,054		22,069		21,885		0.6	%	(3)(8)(45)
		Second Lien Term Loan	3/24/2021	14.01% (3M SOFR + 8.50%)	1.00	3/30/2028	37,000		36,893		36,916		1.1	%	(3)(8)
									58,962		58,801		1.7	%
Galaxy XV CLO, Ltd.	Structured Finance	Subordinated Structured Note	2/13/2013	Residual Interest, current yield 0.00%	—	10/15/2030	50,525		17,751		15,802		0.5	%	(5)(12)(15)
									17,751		15,802		0.5	%
Galaxy XXVII CLO, Ltd.	Structured Finance	Subordinated Structured Note	9/30/2013	Residual Interest, current yield 0.00%	—	5/16/2031	24,575		8,228		7,350		0.2	%	(5)(12)(15)
									8,228		7,350		0.2	%
Galaxy XXVIII CLO, Ltd.	Structured Finance	Subordinated Structured Note	5/30/2014	Residual Interest, current yield 0.00%	—	7/15/2031	39,905		13,914		12,489		0.4	%	(5)(12)(15)
									13,914		12,489		0.4	%
Global Tel*Link Corporation (d./b/a ViaPath Technologies)	Diversified Telecommunication Services	First Lien Term Loan	8/6/2024	12.35% (1M SOFR + 7.50%)	3.00	8/6/2029	127,000		122,089		123,725		3.5	%	(3)(8)
									122,089		123,725		3.5	%
Halcyon Loan Advisors Funding 2014-2 Ltd.	Structured Finance	Subordinated Structured Note	4/14/2014	Residual Interest, current yield 0.00%	—	4/28/2025	41,164		4		4		—	%	(5)(12)(15)
									4		4		—	%
Halcyon Loan Advisors Funding 2015-3 Ltd.	Structured Finance	Subordinated Structured Note	7/23/2015	Residual Interest, current yield 0.00%	—	10/18/2027	39,598		40		39		—	%	(5)(12)(15)
									40		39		—	%

See notes to consolidated financial statements.

14

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
HarbourView CLO VII-R, Ltd.	Structured Finance	Subordinated Structured Note	6/5/2015	Residual Interest, current yield 0.00%	—	7/18/2031	$	19,025	$	2,731	$	2,396	0.1	%	(5)(12)(15)
									2,731		2,396		0.1	%
Help/Systems Holdings, Inc. (d/b/a Forta, LLC)	Software	Second Lien Term Loan	11/14/2019	11.70% (3M SOFR + 6.75%)	0.75	11/19/2027	52,500		52,419		49,727		1.4	%	(3)(8)
									52,419		49,727		1.4	%
Imperative Worldwide, LLC (f/k/a MAGNATE WORLDWIDE, LLC)	Air Freight & Logistics	First Lien Term Loan	3/11/2022	10.25% (3M SOFR + 5.50%)	0.75	12/30/2028	37,394		37,256		37,394		1.1	%	(3)(8)
		Second Lien Term Loan	12/30/2021	13.25% (3M SOFR + 8.50%)	0.75	12/30/2029	95,000		95,000		95,000		2.7	%	(3)(8)
									132,256		132,394		3.8	%
Interventional Management Services, LLC	Health Care Providers & Services	First Lien Revolving Line of Credit - $5,000 Commitment	2/22/2021	13.85% (3M SOFR + 9.00%)	1.00	2/22/2025	5,000		5,000		5,000		0.1	%	(8)(13)
		First Lien Term Loan	2/22/2021	13.85% (3M SOFR + 9.00%)	1.00	2/20/2026	65,213		65,213		65,213		1.9	%	(3)(8)
									70,213		70,213		2.0	%
iQor Holdings, Inc.	Professional Services	First Lien Term Loan	6/11/2024	12.37% (3M SOFR + 7.50%)	2.50	6/11/2029	50,000		50,000		49,620		1.4	%	(3)(8)
		Common Stock of Bloom Parent, Inc. (10,450 units)	6/11/2024			N/A			10,450		11,677		0.3	%	(14)
									60,450		61,297		1.7	%
Japs-Olson Company, LLC (31)	Commercial Services & Supplies	First Lien Term Loan	5/25/2023	11.35% (3M SOFR + 6.75%)	2.00	5/25/2028	57,535		57,535		57,535		1.6	%	(3)(8)
									57,535		57,535		1.6	%
Jefferson Mill CLO Ltd.	Structured Finance	Subordinated Structured Note	6/26/2015	Residual Interest, current yield 0.00%	—	10/20/2031	23,594		10,578		9,588		0.3	%	(5)(12)(15)
									10,578		9,588		0.3	%
Julie Lindsey, Inc.	Textiles, Apparel & Luxury Goods	First Lien Revolving Line of Credit - $2,000 Commitment	7/27/2023	10.60% (3M SOFR + 6.00%)	4.00	7/27/2027	—		—		—		—	%	(8)(13)
		First Lien Term Loan	7/27/2023	10.60% (3M SOFR + 6.00%)	4.00	7/27/2028	19,500		19,500		19,500		0.6	%	(3)(8)
									19,500		19,500		0.6	%
K&N HoldCo, LLC	Automobile Components	Class A Common Units (137,215 units)	2/14/2023			N/A			25,802		696		—	%	(14)
									25,802		696		—	%
KM2 Solutions LLC	Professional Services	First Lien Term Loan	12/17/2020	14.35% (3M SOFR + 9.60%)	3.00	12/17/2025	17,832		17,832		17,832		0.5	%	(3)(8)
									17,832		17,832		0.5	%
LCM XIV Ltd.	Structured Finance	Subordinated Structured Note	6/25/2013	Residual Interest, current yield 0.00%	—	7/21/2031	49,934		5,870		5,422		0.2	%	(5)(12)(15)
									5,870		5,422		0.2	%
LGC US FINCO, LLC	Machinery	First Lien Term Loan	1/17/2020	11.46% (1M SOFR + 6.50%)	1.00	12/20/2025	29,081		28,877		29,081		0.8	%	(3)(8)
									28,877		29,081		0.8	%
Lucky US BuyerCo LLC	Financial Services	First Lien Revolving Line of Credit - $2,775 Commitment	4/3/2023	12.22% (3M SOFR + 7.50%)	1.00	4/1/2029	1,665		1,665		1,665		—	%	(8)(13)(49)
		First Lien Term Loan	4/3/2023	12.10% (3M SOFR + 7.50%)	1.00	4/1/2029	21,402		21,402		21,402		0.6	%	(3)(8)
									23,067		23,067		0.6	%
MAC Discount, LLC	Distributors	First Lien Term Loan	5/11/2023	13.35% (3M SOFR + 8.50%)	1.50	5/11/2028	34,244		33,982		34,244		1.0	%	(3)(8)
		Class A Senior Preferred Stock to MAC Discount Investments, LLC (1,500,000 shares)	5/11/2023	12.00%		N/A			1,500		1,483		—	%	(14)
									35,482		35,727		1.0	%
Medical Solutions Holdings, Inc. (4)	Health Care Providers & Services	Second Lien Term Loan	11/1/2021	12.35% (1M SOFR + 7.00%)	0.50	11/1/2029	54,463		54,435		40,311		1.1	%	(3)(8)
									54,435		40,311		1.1	%
Mountain View CLO 2013-I Ltd.	Structured Finance	Subordinated Structured Note	4/17/2013	Residual Interest, current yield 0.00%	—	10/15/2030	43,650		5,865		5,484		0.2	%	(5)(12)(15)
									5,865		5,484		0.2	%
Mountain View CLO IX Ltd.	Structured Finance	Subordinated Structured Note	5/13/2015	Residual Interest, current yield 0.00%	—	7/15/2031	47,830		5,472		5,210		0.1	%	(5)(12)(15)

See notes to consolidated financial statements.

15

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
									5,472		5,210		0.1	%
Nexus Buyer LLC	Capital Markets	Second Lien Term Loan	11/5/2021	11.20% (1M SOFR + 6.25%)	0.50	11/5/2029	$	42,500	$	42,500	$	42,500	1.2	%	(3)(8)
									42,500		42,500		1.2	%
NH Kronos Buyer, Inc.	Pharmaceuticals	First Lien Term Loan	12/7/2022	11.20% (3M SOFR + 6.25%)	1.00	11/1/2028	83,296		83,207		83,296		2.4	%	(3)(8)
									83,207		83,296		2.4	%
Octagon Investment Partners XV, Ltd.	Structured Finance	Subordinated Structured Note	1/24/2013	Residual Interest, current yield 0.00%	—	7/19/2030	42,064		14,862		13,224		0.4	%	(5)(12)(15)
									14,862		13,224		0.4	%
Octagon Investment Partners 18-R Ltd.	Structured Finance	Subordinated Structured Note	8/12/2015	Residual Interest, current yield 0.00%	—	4/16/2031	46,016		7,941		7,261		0.2	%	(5)(12)(15)
									7,941		7,261		0.2	%
OneTouchPoint Corp	Commercial Services & Supplies	First Lien Term Loan	2/19/2021	12.85% (3M SOFR + 8.00%)	1.00	2/19/2026	34,845		34,845		34,845		1.0	%	(3)(8)
									34,845		34,845		1.0	%
PeopleConnect Holdings, Inc (9)	Interactive Media & Services	First Lien Term Loan	1/22/2020	13.00% (3M SOFR + 8.25%)	2.75	1/22/2026	120,594		120,594		120,594		3.4	%	(3)(8)
									120,594		120,594		3.4	%
PlayPower, Inc.	Leisure Products	First Lien Revolving Line of Credit - $2,626 Commitment	8/28/2024	9.85% (3M SOFR + 5.25%)	0.75	8/28/2030	—		—		—		—	%	(8)(13)
		First Lien Term Loan	8/28/2024	9.85% ( 3M SOFR + 5.25%)	0.75	8/28/2030	17,374		17,078		17,090		0.5	%	(3)(8)
									17,078		17,090		0.5	%
Precisely Software Incorporated (27)	Software	Second Lien Term Loan	4/23/2021	12.76% (3M SOFR + 7.25%)	0.75	4/23/2029	80,000		79,475		77,370		2.2	%	(3)(8)
									79,475		77,370		2.2	%
Preventics, Inc. (d/b/a Legere Pharmaceuticals) (44)	Personal Care Products	First Lien Term Loan	11/12/2021	15.37% (3M SOFR + 10.50%)	1.00	11/12/2026	8,859		8,859		8,859		0.3	%	(3)(8)
		Series A Convertible Preferred Stock (320 units)	11/12/2021	8.00%		N/A			127		231		—	%	(14)
		Series C Convertible Preferred Stock (3,575 units)	11/12/2021	8.00%		N/A			1,419		2,585		0.1	%	(14)
									10,405		11,675		0.4	%
Raisin Acquisition Co, Inc.	Pharmaceuticals	First Lien Revolving Line of Credit - $3,583 Commitment	6/17/2022	12.36% (3M SOFR + 7.00%)	1.00	12/13/2026	779		779		779		—	%	(8)(13)
		First Lien Delayed Draw Term Loan - $1,554 Commitment	6/17/2022	11.87% (3M SOFR + 7.00%)	1.00	12/13/2026	1,406		1,386		1,406		—	%	(8)(13)
		First Lien Term Loan	6/17/2022	12.21% (3M SOFR + 7.00%)	1.00	12/13/2026	22,290		21,921		22,290		0.6	%	(3)(8)
									24,086		24,475		0.6	%
Reception Purchaser, LLC	Air Freight & Logistics	First Lien Term Loan	4/28/2022	10.75% (3M SOFR + 6.00%)	0.75	3/24/2028	62,096		61,413		42,722		1.2	%	(8)
									61,413		42,722		1.2	%
Redstone Holdco 2 LP (20)	IT Services	Second Lien Term Loan	4/16/2021	13.26% (1M SOFR + 7.75%)	0.75	4/27/2029	50,000		49,487		37,717		1.1	%	(8)
									49,487		37,717		1.1	%
Research Now Group, LLC and Dynata, LLC	Professional Services	First Lien First Out Term Loan	7/15/2024	10.38% (3M SOFR + 5.00%)	1.00	7/15/2028	365		358		361		—	%	(8)
		First Lien Second Out Term Loan	7/15/2024	10.88% (3M SOFR + 5.50%)	1.00	10/15/2028	8,056		8,056		7,268		0.2	%	(8)(47)
		Common Stock of New Insight Holdings, Inc. - 210,781 Shares	7/15/2024			N/A			3,329		3,329		0.1	%	(14)
		Warrants (to purchase 285,714 shares of Common Stock of New Insight Holdings, Inc.)	7/15/2024			7/15/2029					—		—	%	(14)
									11,743		10,958		0.3	%

See notes to consolidated financial statements.

16

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Rising Tide Holdings, Inc.	Specialty Retail	First Lien First Out Term Loan	9/25/2024	15.00% PIK	—	6/13/2028	$	2,116	$	2,116	$	2,116	0.1	%	(37)
		First Lien Second Out Term Loan	9/25/2024	12.00% PIK	—	6/13/2028	5,674		5,291		4,568		0.1	%	(37)
		Class A Common Units of Marine One Holdco, LLC (345,600 units)	9/12/2023			N/A			23,898		485		—	%	(14)
		Warrants (to purchase 3,456,000 Class A Common Units of Marine One Holdco, LLC)	9/25/2024			9/25/2044			—		—		—	%	(14)
		Warrants (to purchase 50,456 Class A Common Units of Marine One Holdco, LLC)	9/12/2023			9/12/2028			—		—		—	%	(14)
									31,305		7,169		0.2	%
The RK Logistics Group, Inc.	Commercial Services & Supplies	First Lien Term Loan	3/24/2022	15.37% (3M SOFR + 10.50%)	1.00	12/18/2028	5,670		5,670		5,670		0.2	%	(3)(8)
		First Lien Term Loan	12/19/2023	12.37% (3M SOFR + 7.50%)	4.00	12/18/2028	33,543		33,543		33,284		0.9	%	(3)(8)
		Class A Common Units (263,000 units)	3/24/2022		—	N/A	—		263		1,619		—	%	(14)
		Class B Common Units (1,435,000 units)	3/24/2022		—	N/A	—		2,487		8,835		0.3	%	(14)
		Class C Common Units (450,000 units)	6/28/2024		—	N/A	—		2,250		2,771		0.1	%
									44,213		52,179		1.5	%
RME Group Holding Company	Media	First Lien Term Loan A	5/4/2017	10.35% (3M SOFR + 5.50%)	1.00	5/6/2025	19,437		19,437		19,437		0.6	%	(3)(8)
		First Lien Term Loan B	5/4/2017	15.85% (3M SOFR + 11.00%)	1.00	5/6/2025	20,420		20,420		20,420		0.6	%	(3)(8)
									39,857		39,857		1.2	%
Romark WM-R Ltd.	Structured Finance	Subordinated Structured Note	4/11/2014	Residual Interest, current yield 0.00%	—	4/21/2031	27,725		9,839		8,981		0.3	%	(5)(12)(15)
									9,839		8,981		0.3	%
Rosa Mexicano	Hotels, Restaurants & Leisure	First Lien Revolving Line of Credit - $5,195 Commitment	3/29/2018	16.00%	—	6/13/2026	5,194		5,194		4,419		0.1	%	(13)
		First Lien Term Loan	3/29/2018	12.36% (3M SOFR + 7.50%)	1.25	6/13/2026	22,359		22,359		17,595		0.5	%	(8)(37)
									27,553		22,014		0.6	%
ShiftKey, LLC	Health Care Technology	First Lien Term Loan	6/21/2022	10.62% (3M SOFR + 5.75%)	1.00	6/21/2027	63,537		63,227		61,851		1.8	%	(3)(8)
									63,227		61,851		1.8	%
Shutterfly Finance, LLC	Household Durables	First Lien Term Loan	6/5/2023	11.06% (3M SOFR + 6.00%)	1.00	10/1/2027	2,406		2,431		2,406		0.1	%	(8)
		Second Lien Term Loan	6/6/2023	5.60% (3M SOFR + 1.00%) plus 4.00% PIK	1.00	10/1/2027	18,878		18,878		16,346		0.5	%	(8)(37)
									21,309		18,752		0.6	%
Spectrum Vision Holdings, LLC	Health Care Providers & Services	First Lien Term Loan	5/2/2023	11.37% (3M SOFR + 6.50%)	1.00	11/17/2025	29,545		29,545		29,545		0.8	%	(3)(8)
									29,545		29,545		0.8	%
Stryker Energy, LLC	Energy Equipment & Services	Overriding Royalty Interest	12/4/2006			N/A			—		—		—	%	(11)
									—		—		—	%
Symphony CLO XIV, Ltd.	Structured Finance	Subordinated Structured Note	5/6/2014	Residual Interest, current yield 0.00%	—	7/14/2026	49,250		—		—		—	%	(5)(12)(15)(17)
									—		—		—	%
Symphony CLO XV, Ltd.	Structured Finance	Subordinated Structured Note	10/17/2014	Residual Interest, current yield 0.00%	—	1/19/2032	63,831		25,263		22,966		0.7	%	(5)(12)(15)
									25,263		22,966		0.7	%

See notes to consolidated financial statements.

17

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF SEPTEMBER 30, 2024 (Unaudited)

(in thousands, except share data)

							September 30, 2024
Portfolio Company	Industry(46)	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Town & Country Holdings, Inc.	Distributors	First Lien Term Loan	11/17/2022	12.00% PIK	12.00	8/29/2028	$	28,197	$	28,197	$	28,631	0.8	%	(37)
		First Lien Term Loan	1/26/2018	3.00% plus 9.00% PIK	3.00	8/29/2028	40,660		40,660		41,286		1.2	%
		First Lien Term Loan	1/26/2018	12.00% PIK	12.00	8/29/2028	161,697		161,697		164,187		4.7	%	(37)
		Class B of Town & Country TopCo LLC (999 Non-Voting Units)	11/17/2022			N/A			—		9,472		0.3	%	(14)
									230,554		243,576		7.0	%
TPS, LLC	Machinery	First Lien Term Loan	11/30/2020	14.26% (3M SOFR + 9.00%) plus 1.50% PIK	5.00	11/30/2025	20,864		20,864		20,864		0.6	%	(3)(8)(37)
									20,864		20,864		0.6	%
United Sporting Companies, Inc. (16)	Distributors	Second Lien Term Loan	9/28/2012	15.96% (1M LIBOR + 11.00%) plus 2.00% PIK	2.25	11/16/2019	190,556		89,853		10,218		0.3	%	(7)
									89,853		10,218		0.3	%
Upstream Newco, Inc.	Health Care Providers & Services	Second Lien Term Loan	11/20/2019	13.85% (3M SOFR + 8.50%)	—	11/20/2027	22,000		21,919		18,592		0.5	%	(8)
									21,919		18,592		0.5	%
USG Intermediate, LLC	Leisure Products	First Lien Revolving Line of Credit - $14,000 Commitment	4/15/2015	14.20% (1M SOFR + 9.25%)	1.00	2/9/2028	14,000		14,000		14,000		0.4	%	(8)(13)
		First Lien Term Loan B	4/15/2015	16.70% (1M SOFR + 11.75%)	1.00	2/9/2028	59,515		59,515		59,515		1.7	%	(3)(8)
		Equity	4/15/2015			N/A			1		—		—	%	(14)
									73,516		73,515		2.1	%
Victor Technology, LLC	Distributors	First Lien Term Loan	12/3/2021	12.36% (3M SOFR + 7.50%)	1.00	12/3/2028	12,175		12,175		11,698		0.3	%	(3)(8)
									12,175		11,698		0.3	%
Voya CLO 2012-4, Ltd.	Structured Finance	Subordinated Structured Note	11/5/2012	Residual Interest, current yield 0.00%	—	10/15/2030	40,612		8,928		8,096		0.2	%	(5)(12)(15)
									8,928		8,096		0.2	%
Voya CLO 2014-1, Ltd.	Structured Finance	Subordinated Structured Note	2/5/2014	Residual Interest, current yield 0.00%	—	4/18/2031	40,773		7,881		7,112		0.2	%	(5)(12)(15)
									7,881		7,112		0.2	%
Voya CLO 2016-3, Ltd.	Structured Finance	Subordinated Structured Note	9/30/2016	Residual Interest, current yield 0.00%	—	10/20/2031	28,100		18,414		15,964		0.5	%	(5)(12)(15)
									18,414		15,964		0.5	%
Voya CLO 2017-3, Ltd.	Structured Finance	Subordinated Structured Note	6/13/2017	Residual Interest, current yield 5.24%	—	4/20/2034	44,885		48,038		39,909		1.1	%	(5)(12)
									48,038		39,909		1.1	%
WatchGuard Technologies, Inc.	IT Services	First Lien Term Loan	8/17/2022	10.10% (1M SOFR + 5.25%)	0.75	6/30/2029	34,388		34,388		34,318		1.0	%	(3)(8)
									34,388		34,318		1.0	%
Wellful Inc.	Food Products	First Lien Term Loan	5/26/2022	11.21% (1M SOFR + 6.25%)	0.75	4/21/2027	13,248		12,926		8,916		0.3	%	(8)
		Incremental First Lien Term Loan	7/21/2022	11.21% (1M SOFR + 6.25%)	0.75	4/21/2027	14,250		13,717		9,590		0.3	%	(8)
									26,643		18,506		0.6	%
Wellpath Holdings, Inc.	Health Care Providers & Services	First Lien Term Loan	5/13/2019	10.82% (3M SOFR + 5.50%)	—	10/1/2025	14,091		14,026		8,737		0.2	%	(7)(8)
		Second Lien Term Loan	9/25/2018	14.32% (3M SOFR + 9.00%)	—	10/1/2026	37,000		36,791		19,240		0.5	%	(7)(8)
									50,817		27,977		0.7	%
Total Non-Control/Non-Affiliate Investments									$	3,991,005	$	3,710,473	105.7	%
Total Portfolio Investments									$	7,329,338	$	7,476,641	213.0	%

See notes to consolidated financial statements.

18

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Control Investments (greater than 25.00% voting control)(40)
CP Energy Services Inc. (18)	Energy Equipment & Services	First Lien Term Loan	10/1/2017	14.56% (3M SOFR+ 9.00%)	1.00	4/4/2027	$	59,303	$	59,303	$	51,139	1.4%	(8)(37)
		First Lien Term Loan	4/5/2022	14.56% (3M SOFR+ 9.00%)	1.00	4/4/2027	7,619		7,619		6,570		0.2%	(8)(37)
		First Lien Term Loan	1/6/2023	14.56% (3M SOFR + 9.00%)	1.00	4/4/2027	15,090		15,090		13,012		0.4%	(8)(37)
		First Lien Term Loan A to Spartan Energy Services, LLC	10/20/2014	13.59% PIK (3M SOFR+ 8.00%)	1.00	12/31/2025	36,608		36,608		35,103		0.9%	(8)(37)
		First Lien Term Loan A to Spartan Energy Services, LLC	10/20/2014	13.60% (3M SOFR+ 8.00%)	1.00	12/31/2025	4,569		4,569		4,382		0.1%	(10)
		Series A Preferred Units to Spartan Energy Holdings, Inc. (10,000 shares)	9/25/2020	15.00%		N/A			26,193		—		—%	(14)
		Series B Redeemable Preferred Stock (790 shares)	10/30/2015	16.00%		N/A			63,225		—		—%	(14)
		Common Stock (102,924 shares)	8/2/2013			N/A			86,240		—		—%	(14)
									298,847		110,206		3.0%
Credit Central Loan Company, LLC (19)	Consumer Finance	First Lien Term Loan	12/28/2012	5.00% plus 5.00% PIK	—	9/15/2027	82,629		82,629		79,230		2.1%	(12)(37)
		Class A Units (14,867,312 units)	12/28/2012			N/A			19,331		—		—%	(12)(14)
		Preferred Class P Shares (12,897,188 units)	7/1/2022	12.75%		N/A			11,520		—		—%	(12)(14)
		Net Revenues Interest (25% of Net Revenues)	1/28/2015			N/A			—		—		—%	(12)(14)
									113,480		79,230		2.1%
Echelon Transportation, LLC	Aerospace & Defense	First Lien Term Loan	3/31/2014	6.00%	—	12/7/2026	54,739		54,739		54,739		1.5%
		Membership Interest (100%)	3/31/2014			N/A			22,738		—		—%	(14)
		Preferred Units (41,751,342 shares)	1/31/2022	12.75% PIK		N/A			32,843		12,184		0.3%	(14)
									110,320		66,923		1.8%
First Tower Finance Company LLC (21)	Consumer Finance	First Lien Term Loan to First Tower, LLC	6/24/2014	10.00% plus 5.00% PIK	—	12/18/2027	424,992		424,992		424,992		11.4%	(12)(37)
		Class A Units (95,709,910 units)	6/14/2012			N/A			31,146		180,936		4.9%	(12)(14)
									456,138		605,928		16.3%
Freedom Marine Solutions, LLC (22)	Energy Equipment & Services	Membership Interest (100%)	11/9/2006			N/A			46,142		12,651		0.3%	(14)
									46,142		12,651		0.3%
InterDent, Inc.	Health Care Providers & Services	First Lien Term Loan A/B	8/1/2018	20.11% (1M SOFR+ 14.65%)	2.00	9/5/2025	14,249		14,249		14,249		0.4%	(3)(8)
		First Lien Term Loan A	8/3/2012	10.96% (1M SOFR+ 5.50%)	1.00	9/5/2025	95,823		95,823		95,823		2.6%	(3)(8)
		First Lien Term Loan B	8/3/2012	12.00% PIK		9/5/2025	206,356		206,356		206,356		5.6%	(37)
		Common Stock (99,900 shares)	5/3/2019			N/A			45,118		147,455		4.0%	(14)
									361,546		463,883		12.6%
Kickapoo Ranch Pet Resort	Diversified Consumer Services	First Lien Term Loan	1/11/2024	12.83% (3M SOFR+ 7.50%)	3.00	1/10/2029	1,500		1,500		1,500		—%	(8)
		Membership Interest (100%)	8/26/2019			N/A			2,378		3,242		0.1%
									3,878		4,742		0.1%
MITY, Inc. (23)	Commercial Services & Supplies	First Lien Term Loan A	9/19/2013	12.59% (3M SOFR+ 7.00%)	3.00	4/30/2025	37,224		37,224		37,224		1.0%	(3)(8)(37)
		First Lien Term Loan B	6/23/2014	12.59% (3M SOFR+ 7.00%) plus 10.00% PIK	3.00	4/30/2025	18,274		18,274		18,274		0.5%	(8)(37)
		Unsecured Note to Broda Enterprises ULC	9/19/2013	10.00%	—	1/1/2028	5,380		7,200		7,200		0.2%	(12)
		Common Stock (42,206 shares)	9/19/2013			N/A			27,349		22,885		0.6%	(14)
									90,047		85,583		2.3%

See notes to consolidated financial statements.

19

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Control Investments (greater than 25.00% voting control)(40)
National Property REIT Corp. (24)	Equity Real Estate Investment Trusts (REITs) / Online Lending / Structured Finance	First Lien Term Loan A	12/31/2018	4.25% (3M SOFR+ 0.25%) plus 2.00% PIK	4.00	3/31/2026	$	643,801	$	643,801	$	643,801	17.4%	(8)(37)
		First Lien Term Loan B	12/31/2018	7.60% (3M SOFR+ 2.00%)	3.00	3/31/2026	20,630		20,630		20,630		0.6%	(8)(37)
		First Lien Term Loan C	10/31/2019	15.60%(3M SOFR+ 10.00%) plus 2.25% PIK	1.00	3/31/2026	190,500		190,500		190,500		5.1%	(8)(37)
		First Lien Term Loan D	6/19/2020	4.25% (3M SOFR+ 0.25%) plus 2.00% PIK	4.00	3/31/2026	183,425		183,425		183,425		4.9%	(8)(37)
		First Lien Term Loan E	11/14/2022	7.00% (3M SOFR + 1.50%) plus 7.00% PIK	5.50	3/31/2026	49,925		49,925		49,925		1.3%	(8)(37)
		Residual Profit Interest	12/31/2018			N/A			—		46,193		1.2%	(33)
		Common Stock (3,374,914 shares)	12/31/2013			N/A			20,030		561,988		15.1%	(14)(43)
									1,108,311		1,696,462		45.6%
Nationwide Loan Company LLC (25)	Consumer Finance	First Lien Delayed Draw Term Loan - $7,350 Commitment	5/15/2024	10.00% plus 10.00% PIK	—	5/15/2029	5,378		5,378		5,378		0.2%	(12)(37)
		First Lien Term Loan	6/18/2014	10.00% plus 10.00% PIK	—	5/15/2029	27,192		27,192		27,192		0.8%	(12)(37)
		Class A Units (38,550,460 units)	1/31/2013			N/A			20,845		10,592		0.3%	(12)(14)
									53,415		43,162		1.3%
NMMB, Inc. (26)	Media	First Lien Term Loan	12/30/2019	14.09% (3M SOFR+ 8.50%)	2.00	3/31/2027	29,723		29,723		29,723		0.8%	(3)(8)
		Common Stock (21,418 shares)	12/30/2019			N/A			—		64,542		1.7%
									29,723		94,265		2.5%
Pacific World Corporation (34)	Personal Products	First Lien Revolving Line of Credit - $26,000 Commitment	9/26/2014	9.59% PIK (1M SOFR+ 3.99%)	1.00	9/26/2025	34,174		34,174		34,174		0.9%	(8)(13)(37)
		First Lien Term Loan A	12/31/2014	9.59% PIK (1M SOFR+ 3.99%)	1.00	9/26/2025	64,427		64,427		64,427		1.7%	(8)(37)
		Convertible Preferred Equity (608,048 shares)	6/15/2018	12.00% PIK		N/A			221,795		6,062		0.2%	(14)
		Common Stock (6,778,414 shares)	9/29/2017			N/A			—		—		—%	(14)
									320,396		104,663		2.8%
R-V Industries, Inc.	Machinery	First Lien Term Loan	12/15/2020	14.59% (3M SOFR+ 9.00%)	1.00	12/15/2028	37,322		37,322		37,322		1.0%	(3)(8)
		Common Stock (745,107 shares)	6/26/2007			N/A			6,866		65,080		1.8%	(14)
									44,188		102,402		2.8%
Universal Turbine Parts, LLC (32)	Trading Companies & Distributors	First Lien Delayed Draw Term Loan - $6,965 Commitment	2/28/2019	13.34% (3M SOFR+ 7.75%)	1.00	10/5/2026	5,560		5,560		5,560		0.1%	(8)(13)
		First Lien Term Loan A	7/22/2016	11.34% (3M SOFR+ 5.75%)	1.00	10/5/2026	29,575		29,575		29,575		0.8%	(3)(8)
		Preferred Units (71,039,647 units)	3/31/2021	12.75% PIK		N/A			32,500		32,932		0.9%	(14)
		Common Stock (10,000 units)	12/10/2018			N/A			—		—		—%	(14)
									67,635		68,067		1.8%
USES Corp. (28)	Commercial Services & Supplies	First Lien Term Loan	12/30/2020	14.59% (1M SOFR + 9.00%)	1.00	7/29/2024	2,000		2,000		2,000		0.1%	(8)
		First Lien Equipment Term Loan	8/3/2022	14.59% (1M SOFR + 9.00%)	1.00	7/29/2024	12,219		12,219		12,219		0.3%	(8)(37)
		First Lien Term Loan A	3/31/2014	9.00% PIK	—	7/29/2024	71,875		30,651		3,770		0.1%	(7)
		First Lien Term Loan B	3/31/2014	15.50% PIK	—	7/29/2024	122,247		35,568		—		—%	(7)
		Common Stock (268,962 shares)	6/15/2016			N/A			—		—		—%	(14)
									80,438		17,989		0.5%
Valley Electric Company, Inc. (29)	Construction & Engineering	First Lien Term Loan to Valley Electric Co. of Mt. Vernon, Inc.	12/31/2012	10.56% (3M SOFR+ 5.00%) plus 2.50% PIK	3.00	12/31/2024	10,452		10,452		10,452		0.3%	(3)(8)(37)
		First Lien Term Loan	6/24/2014	8.00% plus 10.00% PIK	—	4/30/2028	38,629		38,629		38,629		1.0%	(3)(37)
		First Lien Term Loan B	3/28/2022	7.00% plus 5.50% PIK	—	4/30/2028	34,777		34,777		34,777		0.9%	(3)(37)
		Consolidated Revenue Interest (2.00%)	6/22/2018			N/A			—		1,863		0.1%	(10)
		Common Stock (50,000 shares)	12/31/2012			N/A			12,053		230,698		6.2%	(14)
									95,911		316,419		8.5%
Total Control Investments									$	3,280,415	$	3,872,575	104.3%

See notes to consolidated financial statements.

20

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value	Amortized Cost		Fair Value(2)		% of Net Assets
Affiliate Investments (5.00% to 24.99% voting control)(41)
Nixon, Inc. (30)	Textiles, Apparel & Luxury Goods	Common Stock (857 units)	5/12/2017			N/A		$	—	$	—	—	%	(14)
								—		—		—	%
RGIS Services, LLC	Commercial Services & Supplies	Membership Interest (8.00%)	6/25/2020			N/A		11,594		18,069		0.5	%
								11,594		18,069		0.5	%
Total Affiliate Investments								$	11,594	$	18,069	0.5	%

See notes to consolidated financial statements.

21

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
8th Avenue Food & Provisions, Inc.	Food Products	Second Lien Term Loan	9/21/2018	13.21% (1M SOFR+ 7.75%)	—	10/1/2026	$	32,133	$	32,044	$	29,965	0.8	%	(8)
									32,044		29,965		0.8	%
Apidos CLO XI	Structured Finance	Subordinated Structured Note	12/6/2012	Residual Interest, current yield 10.21%	—	4/17/2034	67,783		38,825		32,235		0.9	%	(5)(12)
									38,825		32,235		0.9	%
Apidos CLO XII	Structured Finance	Subordinated Structured Note	3/15/2013	Residual Interest, current yield 5.44%	—	4/15/2031	52,203		29,081		25,312		0.7	%	(5)(12)
									29,081		25,312		0.7	%
Apidos CLO XV	Structured Finance	Subordinated Structured Note	9/13/2013	Residual Interest, current yield 0.00%	—	4/21/2031	48,515		28,562		24,092		0.6	%	(5)(12)(15)
									28,562		24,092		0.6	%
Apidos CLO XXII	Structured Finance	Subordinated Structured Note	9/16/2015	Residual Interest, current yield 0.00%	—	4/21/2031	35,855		26,173		22,359		0.6	%	(5)(12)(15)
									26,173		22,359		0.6	%
Atlantis Health Care Group (Puerto Rico), Inc.	Health Care Providers & Services	First Lien Term Loan	2/21/2013	14.30% (3M SOFR+ 8.75%)	2.00	5/15/2025	58,184		58,184		58,184		1.6	%	(3)(8)
									58,184		58,184		1.6	%
Aventiv Technologies, LLC	Communications Equipment	Second Out Super Priority First Lien Term Loan	4/2/2024	13.10% (3M SOFR+ 7.50% )	1.00	7/31/2025	1,499		1,499		1,499		—	%	(8)(47)
		Third Out Super Priority First Lien Term Loan	3/28/2024	6.60% (3M SOFR+ 1.00%) plus 4.09% PIK	1.00	7/31/2025	25,415		20,860		20,914		0.6	%	(8)(37)(47)
		Second Lien Term Loan	3/28/2024	14.65% (3M SOFR+ 9.05%)	1.00	11/1/2025	85,602		56,671		46,098		1.2	%	(8)(37)
									79,030		68,511		1.8	%
Barings CLO 2018-III	Structured Finance	Subordinated Structured Note	10/9/2014	Residual Interest, current yield 0.00%	—	7/20/2029	82,809		9,423		8,188		0.2	%	(5)(12)(15)
									9,423		8,188		0.2	%
Barracuda Parent, LLC	IT Services	Second Lien Term Loan	8/15/2022	12.31% (6M SOFR+ 7.00%)	0.50	8/15/2030	20,000		19,544		20,000		0.5	%
									19,544		20,000		0.5	%
BCPE North Star US Holdco 2, Inc.	Food Products	Second Lien Delayed Draw Term Loan - $5,185 Commitment	6/7/2021	12.71% (1M SOFR+ 7.25%)	0.75	6/11/2029	5,185		5,147		4,987		0.1	%	(8)(13)
		Second Lien Term Loan	6/7/2021	12.71% (1M SOFR+ 7.25%)	0.75	6/11/2029	94,815		94,313		91,193		2.5	%	(8)
									99,460		96,180		2.6	%
BCPE Osprey Buyer, Inc.	Health Care Technology	First Lien Revolving Line of Credit - $4,239 Commitment	10/18/2021	11.20% (1M SOFR+ 5.75%)	0.75	8/21/2026	2,261		2,261		2,261		0.1	%	(8)(13)(49)
		First Lien Delayed Draw Term Loan - $4,691 Commitment	10/18/2021	11.21% (1M SOFR+ 5.75%)	0.75	8/23/2028	4,668		4,623		4,668		0.1	%	(3)(8)(13)
		First Lien Term Loan	10/18/2021	11.35% (3M SOFR+ 5.75%)	0.75	8/23/2028	63,375		63,375		63,375		1.7	%	(3)(8)
									70,259		70,304		1.9	%
Belnick, LLC (d/b/a The Ubique Group)	Household Durables	First Lien Term Loan	1/20/2022	13.59% (3M SOFR+ 8.00%)	4.00	1/20/2027	84,552		84,552		84,250		2.3	%	(3)(8)
									84,552		84,250		2.3	%
Boostability Parent, Inc.	IT Services	First Lien Term Loan	1/31/2022	13.56% (3M SOFR + 8.00%)	4.00	1/31/2027	42,770		42,770		42,770		1.2	%	(3)(8)
									42,770		42,770		1.2	%
Broder Bros., Co.	Textiles, Apparel & Luxury Goods	First Lien Term Loan	12/4/2017	11.60% (3M SOFR+ 6.00%)	1.00	12/4/2025	153,514		153,514		153,514		4.1	%	(3)(8)
									153,514		153,514		4.1	%
Burgess Point Purchaser Corporation	Automobile Components	Second Lien Term Loan	7/25/2022	14.44% (1M SOFR+ 9.00%)	0.75	7/25/2030	30,000		30,000		30,000		0.8	%	(3)(8)
									30,000		30,000		0.8	%
California Street CLO IX Ltd.	Structured Finance	Subordinated Structured Note	4/19/2012	Residual Interest, current yield 3.62%	—	7/16/2032	58,915		36,482		27,997		0.8	%	(5)(12)
									36,482		27,997		0.8	%

See notes to consolidated financial statements.

22

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Capstone Logistics Acquisition, Inc.	Commercial Services & Supplies	Second Lien Term Loan	11/12/2020	14.19% (1M SOFR+ 8.75%)	1.00	11/13/2028	$	8,500	$	8,326	$	8,500	0.2	%	(3)(8)
									8,326		8,500		0.2	%
Carlyle C17 CLO Limited	Structured Finance	Subordinated Structured Note	1/24/2013	Residual Interest, current yield 0.00%	—	4/30/2031	24,870		8,626		7,675		0.2	%	(5)(12)(15)
									8,626		7,675		0.2	%
Carlyle Global Market Strategies CLO 2014-4-R, Ltd.	Structured Finance	Subordinated Structured Note	4/7/2017	Residual Interest, current yield 0.00%	—	7/15/2030	25,534		13,058		11,882		0.3	%	(5)(12)(15)
									13,058		11,882		0.3	%
Carlyle Global Market Strategies CLO 2016-3, Ltd.	Structured Finance	Subordinated Structured Note	8/9/2016	Residual Interest, current yield 5.40%	—	7/20/2034	32,200		30,456		24,009		0.6	%	(5)(12)
									30,456		24,009		0.6	%
Cent CLO 21 Limited	Structured Finance	Subordinated Structured Note	5/15/2014	Residual Interest, current yield 0.00%	—	7/29/2030	49,552		—		—		—	%	(5)(12)(15)
									—		—		—	%
CIFC Funding 2013-III-R, Ltd.	Structured Finance	Subordinated Structured Note	8/2/2013	Residual Interest, current yield 0.00%	—	4/24/2031	44,100		18,932		16,604		0.4	%	(5)(12)(15)
									18,932		16,604		0.4	%
CIFC Funding 2013-IV, Ltd.	Structured Finance	Subordinated Structured Note	10/22/2013	Residual Interest, current yield 0.00%	—	4/28/2031	45,500		27,528		23,921		0.6	%	(5)(12)(15)
									27,528		23,921		0.6	%
CIFC Funding 2014-IV-R, Ltd.	Structured Finance	Subordinated Structured Note	8/5/2014	Residual Interest, current yield 10.98%	—	1/17/2035	50,143		36,313		28,668		0.8	%	(5)(12)
									36,313		28,668		0.8	%
CIFC Funding 2016-I, Ltd.	Structured Finance	Subordinated Structured Note	12/9/2016	Residual Interest, current yield 12.38%	—	10/21/2031	34,000		31,837		29,854		0.8	%	(5)(12)
									31,837		29,854		0.8	%
Collections Acquisition Company, Inc.	Diversified Financial Services	First Lien Term Loan	12/3/2019	13.21% (3M SOFR+ 7.65%)	2.50	6/3/2027	45,039		45,039		45,039		1.2	%	(3)(8)
									45,039		45,039		1.2	%
Columbia Cent CLO 27 Limited	Structured Finance	Subordinated Structured Note	12/18/2013	Residual Interest, current yield 5.47%	—	1/25/2035	48,978		30,872		25,397		0.7	%	(5)(12)
									30,872		25,397		0.7	%
Credit.com Holdings, LLC (6)	Diversified Consumer Services	First Lien Term Loan A	9/28/2023	16.60% (3M SOFR + 11.00%)	1.50	9/28/2028	33,237		33,237		31,658		0.9%		(8)
		First Lien Term Loan B	9/28/2023	17.60% (3M SOFR + 12.00%)	1.50	9/28/2028	56,931		56,931		40,488		1.1%		(8)
		Class B of PGX TopCo II LLC (999 Non-Voting Units)	9/28/2023			N/A			—		426		—%		(14)
									90,168		72,572		2.0	%
Discovery Point Retreat, LLC (50)	Health Care Providers & Services	First Lien Term Loan	6/14/2024	13.35% (3M SOFR+ 7.75%	3.25	6/14/2029	17,000		17,000		16,632		0.5%		(8)
		First Lien Revolving Line of Credit - $2,500 Commitment	6/14/2024	13.35% (3M SOFR + 7.75%	3.25	12/14/2024	900		900		881		—%		(8)
		Series A Preferred Stock of Discovery MSO HoldCo LLC - 7,632 Units	6/14/2024	8.00% PIK		N/A			7,950		15,900		0.4%		(14)
									25,850		33,413		0.9	%
DRI Holding Inc.	Commercial Services & Supplies	First Lien Term Loan	12/21/2021	10.69% (1M SOFR+ 5.25%)	0.50	12/21/2028	33,561		32,646		33,561		0.9	%	(3)(8)
		Second Lien Term Loan	12/21/2021	13.43% (1M SOFR+ 8.00%)	0.50	12/21/2029	145,000		145,000		145,000		3.9	%	(3)(8)
									177,646		178,561		4.8	%
DTI Holdco, Inc.	Professional Services	First Lien Term Loan	4/26/2022	10.09%(1M SOFR+ 4.75%)	0.75	4/26/2029	18,176		17,921		18,176		0.5	%	(3)(8)(45)
		Second Lien Term Loan	4/26/2022	13.09% (1M SOFR+ 7.75%)	0.75	4/26/2030	75,000		75,000		75,000		2.0	%	(3)(8)
									92,921		93,176		2.5	%

See notes to consolidated financial statements.

23

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Dukes Root Control Inc.	Commercial Services & Supplies	First Lien Revolving Line of Credit - $4,464 Commitment	12/8/2022	11.98% (3M SOFR + 6.50%)	1.00	12/8/2028	$	2,375	$	2,392	$	2,375	0.1%		(8)(13)(49)
		First Lien Delayed Draw Term Loan - $8,929 Commitment	12/8/2022	11.98% (3M SOFR + 6.50%)	1.00	12/8/2028	3,238		3,226		3,238		0.1%		(8)(13)(49)
		First Lien Term Loan	12/8/2022	11.99% (3M SOFR + 6.50%)	1.00	12/8/2028	36,058		36,195		36,058		1.0%		(3)(8)
									41,813		41,671		1.2%
Easy Gardener Products, Inc.	Household Durables	Class A Units of EZG Holdings, LLC (200 units)	6/11/2020			N/A			313		—		—	%	(14)
		Class B Units of EZG Holdings, LLC(12,525 units)	6/11/2020			N/A			1,688		—		—	%	(14)
									2,001		—		—	%
Engineered Machinery Holdings, Inc.	Machinery	Incremental Amendment No. 2 Second Lien Term Loan	5/6/2021	12.10% (3M SOFR+ 6.50%)	0.75	5/21/2029	5,000		4,994		5,000		0.2	%	(3)(8)
		Incremental Amendment No. 3 Second Lien Term Loan	8/6/2021	11.60% (3M SOFR+ 6.00%)	0.75	5/21/2029	5,000		5,000		5,000		0.1	%	(3)(8)
									9,994		10,000		0.3	%
Emerge Intermediate, Inc. (48)	Health Care Providers & Services	First Lien Term Loan	2/26/2024	11.60% (3M SOFR+ 6.25%)	1.00	2/26/2026	56,329		56,329		56,329		1.5	%	(3)(8)
									56,329		56,329		1.5	%
Enseo Acquisition, Inc.	IT Services	First Lien Term Loan	6/2/2021	13.56% (3M SOFR+ 8.00%)	1.00	6/2/2026	53,116		53,116		53,116		1.4	%	(3)(8)
									53,116		53,116		1.4	%
Eze Castle Integration, Inc.	IT Services	First Lien Delayed Draw Term Loan - $8,036 Commitment	7/15/2020	12.84% (3M SOFR+ 7.50%)	3.00	1/15/2027	1,783		1,783		1,783		—	%	(8)(13)(37)(49)
		First Lien Term Loan	7/15/2020	12.97% (3M SOFR+ 7.50%)	3.00	1/15/2027	46,527		46,527		46,527		1.3	%	(3)(8)(37)
									48,310		48,310		1.3	%
Faraday Buyer, LLC	Electrical Equipment	First Lien Delayed Draw Term Loan - $6,540 Commitment	10/11/2022	11.33% (3M SOFR + 6.00%)	1.00	10/11/2028	—		—		—		—	%	(8)(13)
		First Lien Term Loan	10/11/2022	11.33% (3M SOFR + 6.00%)	1.00	10/11/2028	61,991		61,991		61,991		1.7	%	(3)(8)
									61,991		61,991		1.7	%
First Brands Group	Automobile Components	First Lien Term Loan	3/24/2021	10.59% (3M SOFR+ 5.00%)	1.00	3/30/2027	22,126		22,124		22,019		0.6	%	(3)(8)(45)
		Second Lien Term Loan	3/24/2021	14.09% (3M SOFR+ 8.50%)	1.00	3/30/2028	37,000		36,850		36,788		1.0	%	(3)(8)
									58,974		58,807		1.6	%
Galaxy XV CLO, Ltd.	Structured Finance	Subordinated Structured Note	2/13/2013	Residual Interest, current yield 0.00%	—	10/15/2030	50,525		22,434		20,386		0.5	%	(5)(12)(15)
									22,434		20,386		0.5	%
Galaxy XXVII CLO, Ltd.	Structured Finance	Subordinated Structured Note	9/30/2013	Residual Interest, current yield 0.00%	—	5/16/2031	24,575		10,789		9,811		0.3	%	(5)(12)(15)
									10,789		9,811		0.3	%
Galaxy XXVIII CLO, Ltd.	Structured Finance	Subordinated Structured Note	5/30/2014	Residual Interest, current yield 0.00%	—	7/15/2031	39,905		18,822		17,247		0.5	%	(5)(12)(15)
									18,822		17,247		0.5	%
Global Tel*Link Corporation (d/b/a ViaPath Technologies.)	Diversified Telecommunication Services	First Lien Term Loan	8/7/2019	9.69% (1M SOFR + 4.25%)	—	11/29/2025	9,497		9,405		9,456		0.3	%	(3)(8)(45)
		Second Lien Term Loan	11/20/2018	15.44% (1M SOFR + 10.00%)	—	11/29/2026	122,670		122,165		122,670		3.3	%	(3)(8)
									131,570		132,126		3.6	%
Halcyon Loan Advisors Funding 2014-2 Ltd.	Structured Finance	Subordinated Structured Note	4/14/2014	Residual Interest, current yield 0.00%	—	4/28/2025	41,164		8		8		—	%	(5)(12)(15)
									8		8		—	%
Halcyon Loan Advisors Funding 2015-3 Ltd.	Structured Finance	Subordinated Structured Note	7/23/2015	Residual Interest, current yield 0.00%	—	10/18/2027	39,598		53		49		—	%	(5)(12)(15)
									53		49		—	%

See notes to consolidated financial statements.

24

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
HarbourView CLO VII-R, Ltd.	Structured Finance	Subordinated Structured Note	6/5/2015	Residual Interest, current yield 0.00%	—	7/18/2031	$	19,025	$	4,285	$	3,676	0.1	%	(5)(12)(15)
									4,285		3,676		0.1	%
Help/Systems Holdings, Inc. (d/b/a Forta, LLC)	Software	Second Lien Term Loan	11/14/2019	12.20% (3M SOFR+ 6.75%)	0.75	11/19/2027	52,500		52,405		47,813		1.3	%	(3)(8)
									52,405		47,813		1.3	%
Imperative Worldwide, LLC (f/k/a MAGNATE WORLDWIDE, LLC)	Air Freight & Logistics	First Lien Term Loan	3/11/2022	10.98% (3M SOFR + 5.50%)	0.75	12/30/2028	31,394		31,375		31,394		0.9	%	(3)(8)
		Second Lien Term Loan	12/30/2021	13.98% (3M SOFR + 8.50%)	0.75	12/30/2029	95,000		95,000		89,758		2.4	%	(3)(8)
									126,375		121,152		3.3	%
Interventional Management Services, LLC	Health Care Providers & Services	First Lien Revolving Line of Credit - $5,000 Commitment	2/22/2021	14.58% (3M SOFR+ 9.00%)	1.00	2/22/2025	5,000		5,000		4,855		0.1	%	(8)(13)
		First Lien Term Loan	2/22/2021	14.58% (3M SOFR+ 9.00%)	1.00	2/20/2026	65,565		65,565		63,669		1.7	%	(3)(8)
									70,565		68,524		1.8	%
iQor Holdings, Inc.	Diversified Consumer Services	First Lien Term Loan	6/11/2024	13.10% (3M SOFR+ 7.50%)	2.50	6/11/2029	50,000		50,000		50,000		1.3	%	(8)
		Common Stock of Bloom Parent, Inc.	6/11/2024			N/A			10,450		10,232		0.3	%	(14)
									60,450		60,232		1.6	%
Japs-Olson Company, LLC (31)	Commercial Services & Supplies	First Lien Term Loan	5/25/2023	12.08% (3M SOFR + 6.75%)	2.00	5/25/2028	57,960		57,960		57,960		1.6	%	(3)(8)
									57,960		57,960		1.6	%
Jefferson Mill CLO Ltd.	Structured Finance	Subordinated Structured Note	6/26/2015	Residual Interest, current yield 0.00%	—	10/20/2031	23,594		12,391		10,955		0.3	%	(5)(12)(15)
									12,391		10,955		0.3	%
Julie Lindsey, Inc.	Textiles, Apparel & Luxury Goods	First Lien Revolving Line of Credit - $2,000 Commitment	7/27/2023	11.33% (3M SOFR + 6.00%)	4.00	7/27/2027	—		—		—		—	%	(8)(13)
		First Lien Term Loan	7/27/2023	11.33% (3M SOFR + 6.00%)	4.00	7/27/2028	19,600		19,600		19,600		0.5	%	(3)(8)
									19,600		19,600		0.5	%
K&N HoldCo, LLC	Automobile Components	Class A Common Units (84,553 units)	2/14/2023			N/A			25,697		783		—	%	(14)
									25,697		783		—	%
KM2 Solutions LLC	IT Services	First Lien Term Loan	12/17/2020	15.05% (3M SOFR+ 9.60%)	3.00	12/17/2025	17,877		17,877		17,793		0.5	%	(3)(8)
									17,877		17,793		0.5	%
LCM XIV Ltd.	Structured Finance	Subordinated Structured Note	6/25/2013	Residual Interest, current yield 0.00%	—	7/21/2031	49,934		8,510		7,699		0.2	%	(5)(12)(15)
									8,510		7,699		0.2	%
LGC US FINCO, LLC	Machinery	First Lien Term Loan	1/17/2020	11.96% (1M SOFR+ 6.50%)	1.00	12/20/2025	29,231		28,985		29,231		0.8	%	(3)(8)
									28,985		29,231		0.8	%
Lucky US BuyerCo LLC	Professional Services	First Lien Revolving Line of Credit - $2,775 Commitment	4/3/2023	12.85% (3M SOFR + 7.50%)	1.00	4/1/2029	1,665		1,665		1,665		—	%	(8)(13)
		First Lien Term Loan	4/3/2023	12.83% (3M SOFR + 7.50%)	1.00	4/1/2029	21,457		21,457		21,457		0.6	%	(3)(8)
									23,122		23,122		0.6	%
MAC Discount, LLC	Household Durables	First Lien Term Loan	5/11/2023	14.08% (3M SOFR + 8.50%)	1.50	5/11/2028	34,434		34,153		34,410		0.9	%	(3)(8)
		Class A Senior Preferred Stock to MAC Discount Investments, LLC (1,500,000 shares)	5/11/2023	12.00%		N/A			1,500		1,266		—	%	(14)
									35,653		35,676		0.9	%
Medical Solutions Holdings, Inc. (4)	Health Care Providers & Services	Second Lien Term Loan	11/1/2021	12.44% (1M SOFR+ 7.00%)	0.50	11/1/2029	54,463		54,433		44,976		1.2	%	(3)(8)
									54,433		44,976		1.2	%

See notes to consolidated financial statements.

25

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Mountain View CLO 2013-I Ltd.	Structured Finance	Subordinated Structured Note	4/17/2013	Residual Interest, current yield 0.00%	—	10/15/2030	$	43,650	$	8,036	$	7,286	0.2	%	(5)(12)(15)
									8,036		7,286		0.2	%
Mountain View CLO IX Ltd.	Structured Finance	Subordinated Structured Note	5/13/2015	Residual Interest, current yield 0.00%	—	7/15/2031	47,830		11,717		10,658		0.3	%	(5)(12)(15)
									11,717		10,658		0.3	%
Nexus Buyer LLC	Capital Markets	Second Lien Term Loan	11/5/2021	11.69% (1M SOFR+ 6.25%)	0.50	11/5/2029	42,500		42,500		42,500		1.1	%	(3)(8)
									42,500		42,500		1.1	%
NH Kronos Buyer, Inc.	Pharmaceuticals	First Lien Term Loan	12/7/2022	11.73% (3M SOFR + 6.25%)	1.00	11/1/2028	83,562		83,467		83,562		2.3	%	(3)(8)
									83,467		83,562		2.3	%
Octagon Investment Partners XV, Ltd.	Structured Finance	Subordinated Structured Note	1/24/2013	Residual Interest, current yield 0.00%	—	7/19/2030	42,064		16,842		14,471		0.4	%	(5)(12)(15)
									16,842		14,471		0.4	%
Octagon Investment Partners 18-R Ltd.	Structured Finance	Subordinated Structured Note	8/12/2015	Residual Interest, current yield 0.00%	—	4/16/2031	46,016		11,267		10,177		0.3	%	(5)(12)(15)
									11,267		10,177		0.3	%
OneTouchPoint Corp	Professional Services	First Lien Term Loan	2/19/2021	13.58% (3M SOFR+ 8.00%)	1.00	2/19/2026	35,047		35,047		35,047		0.9	%	(3)(8)
									35,047		35,047		0.9	%
PeopleConnect Holdings, Inc (9)	Interactive Media & Services	First Lien Term Loan	1/22/2020	13.73% (3M SOFR+ 8.25%)	2.75	1/22/2025	120,594		120,594		120,594		3.2	%	(3)(8)
									120,594		120,594		3.2	%
PlayPower, Inc.	Leisure Products	First Lien Term Loan	5/7/2019	10.96% (3M SOFR+ 5.50%)	—	5/10/2026	5,711		5,693		5,526		0.1	%	(8)
									5,693		5,526		0.1	%
Precisely Software Incorporated (27)	IT Services	Second Lien Term Loan	4/23/2021	12.84% (3M SOFR+ 7.25%)	0.75	4/23/2029	80,000		79,447		79,865		2.2	%	(3)(8)
									79,447		79,865		2.2	%
Preventics, Inc. (d/b/a Legere Pharmaceuticals) (44)	Health Care Providers & Services	First Lien Term Loan	11/12/2021	16.10% (3M SOFR+ 10.50%)	1.00	11/12/2026	8,906		8,906		8,906		0.2	%	(3)(8)
		Series A Convertible Preferred Stock (320 units)	11/12/2021	8.00%		N/A			127		183		—	%	(16)
		Series C Convertible Preferred Stock (3,575 units)	11/12/2021	8.00%		N/A			1,419		2,042		0.1	%	(14)
									10,452		11,131		0.3	%
Raisin Acquisition Co, Inc.	Pharmaceuticals	First Lien Revolving Line of Credit - $3,583 Commitment	6/17/2022	12.61% (3M SOFR+ 7.00%)	1.00	12/13/2026	—		—		—		—	%	(8)(13)
		First Lien Delayed Draw Term Loan - $1,554 Commitment	6/17/2022	12.60% (3M SOFR+ 7.00%)	1.00	12/13/2026	1,425		1,403		1,425		—	%	(8)(13)
		First Lien Term Loan	6/17/2022	12.61% (3M SOFR+ 7.00%)	1.00	12/13/2026	22,601		22,190		22,601		0.6	%	(3)(8)
									23,593		24,026		0.6	%
Reception Purchaser, LLC	Air Freight & Logistics	First Lien Term Loan	4/28/2022	11.48% (3M SOFR+ 6.00%)	0.75	3/24/2028	62,255		61,522		53,539		1.4	%	(3)(8)
									61,522		53,539		1.4	%
Redstone Holdco 2 LP (20)	IT Services	Second Lien Term Loan	4/16/2021	13.21% (1M SOFR+ 7.75%)	0.75	4/27/2029	50,000		49,460		47,360		1.3	%	(3)(8)
									49,460		47,360		1.3	%
Research Now Group, LLC and Dynata, LLC	Professional Services	First Lien Term Loan	6/3/2024	14.21% (1M SOFR+ 8.75%)	1.00	8/6/2024	366		359		366		—	%	(8)
		First Lien Term Loan	12/8/2017	13.09% (3M SOFR+ 7.50%)	1.00	12/20/2024	11,835		10,726		9,320		0.3	%	(7)(8)
		Second Lien Term Loan	12/8/2017	15.09% (3M SOFR+ 9.50%)	1.00	12/20/2025	50,000		49,082		1,948		0.1	%	(7)(8)
									60,167		11,634		0.4	%

See notes to consolidated financial statements.

26

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
Rising Tide Holdings, Inc.	Diversified Consumer Services	First Lien Term Loan	9/25/2023	6.58% (3M SOFR+ 1.00%) plus 7.00% PIK	2.00	9/12/2028	$	5,565	$	5,158	$	5,165	0.1	%	(8)
		Class A Common Units of Marine One Holdco, LLC (345,600 units)	9/12/2023			N/A			23,898		3,923		0.1	%	(14)
		Warrants of Marine One Holdco, LLC	9/12/2023			N/A			—		—		—	%	(14)
									29,056		9,088		0.2	%
The RK Logistics Group, Inc.	Commercial Services & Supplies	First Lien Term Loan	3/24/2022	16.10% (3M SOFR+ 10.50%)	1.00	12/18/2028	5,685		5,685		5,685		0.2	%	(3)(8)
		First Lien Term Loan	12/19/2023	13.10% (3M SOFR + 7.50%)	4.00	12/18/2028	33,594		33,594		33,293		0.9	%	(3)(8)
		Class A Common Units (263,000 units)	3/24/2022		—	N/A	—		263		1,719		—	%	(14)
		Class B Common Units (1,435,000 units)	3/24/2022		—	N/A	—		2,487		9,381		0.3	%	(14)
		Class C Common Units (450,000 units)	6/28/2024		—	N/A	—		2,250		2,942		0.1	%
									44,279		53,020		1.5	%
RME Group Holding Company	Media	First Lien Term Loan A	5/4/2017	11.08% (3M SOFR+ 5.50%)	1.00	5/6/2025	19,624		19,624		19,624		0.5	%	(3)(8)
		First Lien Term Loan B	5/4/2017	16.58% (3M SOFR+ 11.00%)	1.00	5/6/2025	20,483		20,483		20,483		0.6	%	(3)(8)
									40,107		40,107		1.1	%
Romark WM-R Ltd.	Structured Finance	Subordinated Structured Note	4/11/2014	Residual Interest, current yield 0.00%	—	4/21/2031	27,725		12,450		11,173		0.3	%	(5)(12)(15)
									12,450		11,173		0.3	%
Rosa Mexicano	Hotels, Restaurants & Leisure	First Lien Revolving Line of Credit - $5,182 Commitment	3/29/2018	16.00%	—	6/13/2026	5,224		5,224		4,281		0.1	%	(13)
		First Lien Term Loan	3/29/2018	13.09% (3M SOFR+ 7.50%)	1.25	6/13/2026	22,358		22,358		17,269		0.5	%	(8)
									27,582		21,550		0.6	%
ShiftKey, LLC	Health Care Technology	First Lien Term Loan	6/21/2022	11.35% (3M SOFR+ 5.75%)	1.00	6/21/2027	63,700		63,361		62,227		1.7	%	(3)(8)
									63,361		62,227		1.7	%
Shutterfly Finance, LLC	Internet & Direct Marketing Retail	First Lien Term Loan	6/5/2023	11.35% (3M SOFR + 6.00%)	1.00	10/1/2027	2,406		2,426		2,406		0.1	%	(8)
		Second Lien Term Loan	6/6/2023	6.33% (3M SOFR + 1.00%) plus 4.00% PIK	1.00	10/1/2027	18,683		18,683		15,987		0.4	%	(8)(37)
									21,109		18,393		0.5	%
Spectrum Vision Holdings, LLC	Health Care Providers & Services	First Lien Term Loan	5/2/2023	12.10% (3M SOFR + 6.50%)	1.00	11/17/2024	29,620		29,620		29,620		0.8	%	(3)(8)
									29,620		29,620		0.8	%
Stryker Energy, LLC	Energy Equipment & Services	Overriding Royalty Interest	12/4/2006			N/A			—		—		—	%	(11)
									—		—		—	%
Symphony CLO XIV, Ltd.	Structured Finance	Subordinated Structured Note	5/6/2014	Residual Interest, current yield 0.00%	—	7/14/2026	49,250		—		—		—	%	(5)(12)(15)(17)
									—		—		—	%
Symphony CLO XV, Ltd.	Structured Finance	Subordinated Structured Note	10/17/2014	Residual Interest, current yield 0.00%	—	1/19/2032	63,831		27,151		23,371		0.6	%	(5)(12)(15)
									27,151		23,371		0.6	%
Town & Country Holdings, Inc.	Distributors	First Lien Term Loan	11/17/2022	12.00% PIK	12.00	8/29/2028	27,332		27,332		27,706		0.7	%	(37)
		First Lien Term Loan	1/26/2018	3.00% plus 9.00% PIK	3.00	8/29/2028	40,660		40,660		41,217		1.1	%	(37)
		First Lien Term Loan	1/26/2018	12.00% PIK	12.00	8/29/2028	156,734		156,734		158,882		4.3	%	(37)
		Class B of Town & Country TopCo LLC (999 Non-Voting Units)	11/17/2022			N/A			—		13,304		0.4	%	(14)
									224,726		241,109		6.5	%

See notes to consolidated financial statements.

27

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS AS OF JUNE 30, 2024 (Continued)

(in thousands, except share data)

							June 30, 2024
Portfolio Company	Industry	Investments(1)(35)	Acquisition Date(42)	Coupon/Yield	Floor	Legal Maturity	Principal Value		Amortized Cost		Fair Value(2)		% of Net Assets
Non-Control/Non-Affiliate Investments (less than 5.00% voting control)
TPS, LLC	Machinery	First Lien Term Loan	11/30/2020	14.59% (3M SOFR+ 9.00%) plus 1.50% PIK	5.00	11/30/2025	$	21,414	$	21,414	$	21,414	0.6	%	(3)(8)(37)
									21,414		21,414		0.6	%
United Sporting Companies, Inc. (16)	Distributors	Second Lien Term Loan	9/28/2012	16.45% (1ML+ 11.00%) plus 2.00% PIK	2.25	11/16/2019	190,556		89,853		10,289		0.3	%	(7)(8)
									89,853		10,289		0.3	%
Upstream Newco, Inc.	Health Care Providers & Services	Second Lien Term Loan	11/20/2019	13.93% (3M SOFR+ 8.50%)	—	11/20/2027	22,000		21,913		19,145		0.5	%	(3)(8)
									21,913		19,145		0.5	%
USG Intermediate, LLC	Leisure Products	First Lien Revolving Line of Credit - $14,000 Commitment	4/15/2015	14.69% (1M SOFR+ 9.25%)	1.00	2/9/2028	14,000		14,000		14,000		0.4	%	(8)(13)
		First Lien Term Loan B	4/15/2015	17.19% (1M SOFR+ 11.75%)	1.00	2/9/2028	59,765		59,765		59,765		1.6	%	(3)(8)
		Equity	4/15/2015			N/A			1		—		—	%	(14)
									73,766		73,765		2.0	%
Victor Technology, LLC	Commercial Services & Supplies	First Lien Term Loan	12/3/2021	13.09% (3M SOFR+ 7.50%)	1.00	12/3/2028	14,250		14,250		13,946		0.4	%	(3)(8)
									14,250		13,946		0.4	%
Voya CLO 2012-4, Ltd.	Structured Finance	Subordinated Structured Note	11/5/2012	Residual Interest, current yield 0.00%	—	10/15/2030	40,613		11,746		10,385		0.3	%	(5)(12)(15)
									11,746		10,385		0.3	%
Voya CLO 2014-1, Ltd.	Structured Finance	Subordinated Structured Note	2/5/2014	Residual Interest, current yield 0.00%	—	4/18/2031	40,773		10,781		9,437		0.3	%	(5)(12)(15)
									10,781		9,437		0.3	%
Voya CLO 2016-3, Ltd.	Structured Finance	Subordinated Structured Note	9/30/2016	Residual Interest, current yield 0.00%	—	10/20/2031	28,100		21,233		16,556		0.4	%	(5)(12)(15)
									21,233		16,556		0.4	%
Voya CLO 2017-3, Ltd.	Structured Finance	Subordinated Structured Note	6/13/2017	Residual Interest, current yield 7.50%	—	4/20/2034	44,885		49,017		40,152		1.1	%	(5)(12)
									49,017		40,152		1.1	%
WatchGuard Technologies, Inc.	IT Services	First Lien Term Loan	8/17/2022	10.59% (1M SOFR+ 5.25%)	0.75	6/30/2029	34,388		34,388		34,334		0.9	%	(3)(8)
									34,388		34,334		0.9	%
Wellful Inc.	Food & Staples Retailing	First Lien Term Loan	5/26/2022	11.71% (1M SOFR+ 6.25%)	0.75	4/21/2027	13,338		12,932		10,721		0.3	%	(3)(8)
		Incremental First Lien Term Loan	7/21/2022	11.71% (1M SOFR+ 6.25%)	0.75	4/21/2027	14,344		13,811		11,530		0.3	%	(3)(8)
									26,743		22,251		0.6	%
Wellpath Holdings, Inc.	Health Care Providers & Services	First Lien Term Loan	5/13/2019	11.11% (3M SOFR+ 5.50%)	—	10/1/2025	14,091		14,030		12,689		0.3	%	(8)
		Second Lien Term Loan	9/25/2018	14.61% (3M SOFR+ 9.00%)	—	10/1/2026	37,000		36,799		24,027		0.6	%	(8)
									50,829		36,716		0.9	%
Total Non-Control/Non-Affiliate Investments									$	4,155,165	$	3,827,599	103.1	%
Total Portfolio Investments									$	7,447,174	$	7,718,243	207.9	%

See notes to consolidated financial statements.

28

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS (CONTINUED)

(in thousands, except share data)

Endnote Explanations as of September 30, 2024 (Unaudited) and June 30, 2024

(1)The terms “Prospect,” “the Company,” “we,” “us” and “our” mean Prospect Capital Corporation and its subsidiaries unless the context specifically requires otherwise. The securities in which Prospect has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These securities may be resold only in transactions that are exempt from registration under the Securities Act.

(2)Fair value is determined by or under the direction of our Board of Directors. Unless otherwise indicated by endnote 45 below, all of our investments are valued using significant unobservable inputs. In accordance with ASC 820, such investments are classified as Level 3 within the fair value hierarchy. See Notes 2 and 3 within the accompanying notes to consolidated financial statements for further discussion.

(3)Security, or a portion thereof, is held by Prospect Capital Funding LLC (“PCF”), our wholly owned subsidiary and a bankruptcy remote special purpose entity, and is pledged as collateral for the Revolving Credit Facility and such security is not available as collateral to our general creditors (see Note 4). The fair value of the investments held by PCF at September 30, 2024 and June 30, 2024 were $2,678,373 and $2,793,051, respectively, representing 35.8% and 36.2% of our total investments, respectively.

(4)Medical Solutions Holdings, Inc. and Medical Solutions, LLC are joint borrowers on the Second Lien Term Loan.

(5)This investment is in the equity class of the collateralized loan obligation (“CLO”) security, which is referred to as “Subordinated Structured Note,” or “SSN”. The SSN investments are entitled to recurring distributions which are generally equal to the excess cash flow generated from the underlying investments after payment of the contractual payments to debt holders and fund expenses. The current estimated yield, calculated using amortized cost, is based on the current projections of this excess cash flow taking into account assumptions which have been made regarding expected prepayments, losses and future reinvestment rates. These assumptions are periodically reviewed and adjusted. Ultimately, the actual yield may be higher or lower than the estimated yield if actual results differ from those used for the assumptions.

(6)On September 28, 2023, in connection with a Chapter 11 process, PGX Holdings, Inc. (“PGX”) sold the majority of its assets to a new entity, Credit.com Holdings, LLC (“Credit.com”). As part of the transaction, we rolled the majority of our existing First Lien Term Loan into a new First Lien Term Loan A and new First Lien Term Loan B at Credit.com. We were also issued equity at Credit.com, which we hold through our Class B non-voting equity investment in PGX Topco II LLC. As of September 30, 2024 and June 30, 2024, we classify our investment in Credit.com as non-control/non-affiliate.

(7)Investment on non-accrual status as of the reporting date (See Note 2).

(8)Certain variable rate securities in our portfolio bear interest at a rate determined by a publicly disclosed base rate plus a basis point spread. The 1-Month Secured Overnight Financing Rate or “1M SOFR”, was 4.85% as of September 30, 2024 and 5.34% as of June 30, 2024. The 3-Month Secured Overnight Financing Rate or “3M SOFR”, was 4.59% as of September 30, 2024 and 5.32% as of June 30, 2024. The 6-Month Secured Overnight Financing Rate or “6M SOFR” was 4.25% as of September 30, 2024 and 5.26% as of June 30, 2024. The PRIME Rate or “PRIME” was 8.00% as of September 30, 2024 and 8.50% as of June 30, 2024. The impact of a SOFR credit spread adjustment, if applicable, is included within the stated all-in interest rate.

(9)PeopleConnect Holdings, Inc. and Pubrec Holdings, Inc. are joint borrowers.

(10)The consolidated revenue interest is equal to the lesser of (i) 2.0% of consolidated revenue for the twelve-month period ending on the last day of the prior fiscal quarter (or portion thereof) and (ii) 25% of the amount of interest accrued on the Notes at the cash interest rate for such fiscal quarter (or portion thereof).

(11)The overriding royalty interests held receive payments at the stated rates based upon operations of the borrower.

(12)Investment has been designated as an investment not “qualifying” under Section 55(a) of the Investment Company Act of 1940 (the “1940 Act”). Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets as calculated in accordance with regulatory requirements. As of September 30, 2024 and June 30, 2024, our qualifying assets, as a percentage of total assets, stood at 83.96% and 83.78%, respectively. We monitor the status of these assets on an ongoing basis.

(13)Undrawn committed revolvers and delayed draw term loans to our portfolio companies incur commitment and unused fees ranging from 0.00% to 5.75%. As of September 30, 2024 and June 30, 2024, we had $47,914 and $34,771, respectively, of undrawn revolver and delayed draw term loan commitments to our portfolio companies.

See notes to consolidated financial statements.

29

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS (CONTINUED)

(in thousands, except share data)

Endnote Explanations as of September 30, 2024 (Unaudited) and June 30, 2024 (Continued)

(14)Represents non-income producing security that has not paid a dividend in the year preceding the reporting date.

(15)The effective yield has been estimated to be 0% as expected future cash flows are anticipated to not be sufficient to repay the investment at cost. If the expected investment proceeds increase, there is a potential for future investment income from the investment. Distributions, once received, will be recognized as return of capital, and when called, any remaining unamortized investment costs will be written off if the actual distributions are less than the amortized investment cost. To the extent that the cost basis of the SSN is fully recovered, any future distributions will be recorded as realized gains.

(16)Ellett Brothers, LLC, Evans Sports, Inc., Jerry’s Sports, Inc., Simmons Gun Specialties, Inc., Bonitz Brothers, Inc., and Outdoor Sports Headquarters, Inc. are joint borrowers on the second lien term loan. United Sporting Companies, Inc. (“USC”) is a parent guarantor of this debt investment, and is 100% owned by SportCo Holdings, Inc. (“SportCo”). In June 2019, USC filed for Chapter 11 bankruptcy and began liquidating its remaining assets.

(17)Security was called for redemption and the liquidation of the underlying loan portfolio is ongoing.

(18)CP Holdings of Delaware LLC (“CP Holdings”), a consolidated entity in which we own 100% of the membership interests, owns 99.8% of CP Energy Services Inc. (“CP Energy”) as of September 30, 2024 and June 30, 2024. CP Energy owns directly or indirectly 100% of each of CP Well Testing, LLC; Wright Foster Disposals, LLC; Foster Testing Co., Inc.; ProHaul Transports, LLC; and Wright Trucking, Inc. We report CP Energy as a separate controlled company. In June 2019, CP Energy purchased a controlling interest in the common equity of Spartan Energy Holdings, Inc. (“Spartan Holdings”), which owns 100% of Spartan Energy Services, LLC (“Spartan”), a portfolio company of Prospect with $43,321 and $41,177 in first lien term loans (the “Spartan Term Loans”) due to us as of September 30, 2024 and June 30, 2024, respectively. As a result of CP Energy’s purchase, and given Prospect’s controlling interest in CP Energy, our Spartan Term Loans are presented as control investments under CP Energy. Spartan remains the direct borrower and guarantor to Prospect for the Spartan Term Loans. In September 2020, we made a new $26,193 Series A preferred stock investment in Spartan Energy Holdings, Inc., which equates to 100% of the Series A non-voting redeemable preferred stock outstanding.

(19)Credit Central Holdings of Delaware, LLC (“Credit Central Delaware”), a consolidated entity in which we own 100% of the membership interests, owns 99.8% and 99.8% of Credit Central Loan Company, LLC (f/k/a Credit Central Holdings, LLC (“Credit Central”)) as of September 30, 2024 and June 30, 2024, respectively. Credit Central owns 100% of each of Credit Central, LLC; Credit Central South, LLC; Credit Central of Texas, LLC; and Credit Central of Tennessee, LLC, the operating companies. We report Credit Central as a separate controlled company.

(20)Redstone Holdco 2 LP is the parent borrower on the second lien term loan. Redstone Buyer, LLC, Redstone Intermediate (Archer) HoldCo LLC, Redstone Intermediate (FRI) HoldCo LLC, Redstone Intermediate (NetWitness) HoldCo, LLC, and Redstone Intermediate (SecurID) HoldCo, LLC are joint borrowers on the Second Lien Term Loan.

(21)First Tower Holdings of Delaware LLC (“First Tower Delaware”), a consolidated entity in which we own 100% of the membership interests, owns 80.10% of the voting interest and 78.06% of the fully-diluted economic interest of First Tower Finance Company LLC (“First Tower Finance”). First Tower Finance owns 100% of First Tower, LLC, the operating company. We report First Tower Finance as a separate controlled company. Effective March 17, 2021, the First Tower, LLC lenders were granted a first priority security interest in First Tower Finance’s assets and our investment became classified as a First Lien Term Loan.

(22)Energy Solutions Holdings Inc., a consolidated entity in which we own 100% of the equity, owns 100% of Freedom Marine Solutions, LLC (“Freedom Marine”), which owns Vessel Company, LLC, Vessel Company II, LLC and Vessel Company III, LLC. We report Freedom Marine as a separate controlled company.

(23)MITY Holdings of Delaware Inc. (“MITY Delaware”), a consolidated entity in which we own 100% of the common stock, owns 100% of the equity of MITY, Inc. (f/k/a MITY Enterprises, Inc.) (“MITY”). MITY owns 100% of each of MITY-Lite, Inc. (“Mity-Lite”); Broda Enterprises USA, Inc.; and Broda Enterprises ULC (“Broda Canada”). We report MITY as a separate controlled company. Our subordinated unsecured note issued and outstanding to Broda Canada is denominated in Canadian Dollars (“CAD”). As of September 30, 2024 and June 30, 2024, the principal balance of this note was CAD 7,371. In accordance with ASC 830, Foreign Currency Matters (“ASC 830”), this note was remeasured into our functional currency, US Dollars (USD), and is presented on our Consolidated Schedule of Investments in USD. We formed a separate legal entity domiciled in the United States, MITY FSC, Inc., (“MITY FSC”) in which Prospect owns 100% of the equity. MITY FSC does not have material operations. This entity earns commission payments from MITY-Lite based on its sales to foreign customers, and distributes it to its shareholder.

See notes to consolidated financial statements.

30

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS (CONTINUED)

(in thousands, except share data)

Endnote Explanations as of September 30, 2024 (Unaudited) and June 30, 2024 (Continued)

(24)NPH Property Holdings, LLC (“NPH”), a consolidated entity in which we own 100% of the membership interests, owns 100% of the common equity of National Property REIT Corp. (“NPRC”) (f/k/a National Property Holdings Corp.), a property REIT which holds investments in several real estate properties. Additionally, NPRC invests in online consumer loans and rated secured structured notes through American Consumer Lending Limited (“ACLL”) and National General Lending Limited (“NGL”), respectively, its wholly owned subsidiaries. We report NPRC as a separate controlled company. See Note 3 for further discussion of the investments held by NPRC.

(25)Nationwide Acceptance Holdings LLC (“Nationwide Holdings”), a consolidated entity in which we own 100% of the membership interests, owns 94.48% of Nationwide Loan Company LLC, the operating company, as of September 30, 2024 and June 30, 2024. We report Nationwide Loan Company LLC as a separate controlled company. Prospect has a first priority security interest in the assets of Nationwide.

(26)NMMB Holdings, Inc. (“NMMB Holdings”), a consolidated entity in which we own 100% of the equity, owns 92.77% of the fully diluted equity of NMMB, Inc. (“NMMB”) as of September 30, 2024 and June 30, 2024. NMMB owns 100% of Refuel Agency, Inc., which owns 100% of Armed Forces Communications, Inc. We report NMMB as a separate controlled company.

(27)Vision Solutions, Inc. and Precisely Software Incorporate are joint borrowers on the Second Lien Term Loan.

(28)Prospect owns 99.96% of the equity of USES Corp. as of September 30, 2024 and June 30, 2024.

(29)Valley Electric Holdings I, Inc., a consolidated entity in which we own 100% of the common stock, owns 100% of Valley Electric Holdings II, Inc. (“Valley Holdings II”), another consolidated entity. Valley Holdings II owns 94.99% of Valley Electric Company, Inc. (“Valley Electric”). Valley Electric owns 100% of the equity of VE Company, Inc., which owns 100% of the equity of Valley Electric Co. of Mt. Vernon, Inc. We report Valley Electric as a separate controlled company.

(30)As of September 30, 2024 and June 30, 2024, Prospect owns 8.57% of the equity in Encinitas Watches Holdco, LLC, the parent company of Nixon, Inc.

(31)Japs-Olson Company, LLC, Alpha Mail Debt Merger Sub, LLC and J-O Building Company LLC are joint borrowers on the First Lien Term Loan.

(32)UTP Holdings Group, Inc. (“UTP Holdings”) owns all of the voting stock of Universal Turbine Parts, LLC (“UTP”) and has appointed a Board of Directors to UTP Holdings, consisting of three employees of the Investment Adviser. UTP Holdings owns UTP. UTP Holdings is a wholly-owned holding company controlled by Prospect and therefore Prospect’s investment in UTP is classified as a control investment.

(33)As of September 30, 2024 and June 30, 2024, the residual profit interest includes both (i) 8.33% of TLA, TLD and TLE residual profit and (ii) 100% of TLC residual profits, with both calculated quarterly in arrears.

(34)Prospect owns 100% of the preferred equity of Pacific World Corporation (“Pacific World”), which represents a 99.99% and 99.98% ownership interest of Pacific World as of September 30, 2024 and as of June 30, 2024, respectively. As a result, Prospect’s investment in Pacific World is classified as a control investment.

See notes to consolidated financial statements.

31

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS (CONTINUED)

(in thousands, except share data)

Endnote Explanations as of September 30, 2024 (Unaudited) and June 30, 2024 (Continued)

(35)The following shows the composition of our investment portfolio at cost by control designation, investment type and by industry as of September 30, 2024:

Industry(46)	1st Lien Term Loan		2nd Lien Term Loan		Subordinated Structured Notes		Unsecured Debt		Equity (B)		Cost Total
Control Investments
Aerospace & Defense	$	35,120	$	—	$	—	$	—	$	32,500	$	67,620
Commercial Services & Supplies	140,952		—		—		7,200		27,349		175,501
Construction & Engineering	83,859		—		—		—		12,053		95,912
Consumer Finance	569,975		—		—		—		82,842		652,817
Diversified Consumer Services	1,500		—		—		—		2,378		3,878
Energy Equipment & Services	130,738		—		—		—		175,658		306,396
Residential Real Estate Investment Trusts (REITs)	885,679		—		—		—		20,030		905,709
Health Care Providers & Services	323,200		—		—		—		45,118		368,318
Machinery	37,322		—		—		—		6,866		44,188
Marine Transport	—		—		—		—		47,116		47,116
Media	29,723		—		—		—		—		29,723
Personal Care Products	105,695		—		—		—		221,795		327,490
Trading Companies & Distributors	55,849		—		—		—		55,581		111,430
Structured Finance(A)	190,500		—		—		—		—		190,500
Total Control Investments	$	2,590,112	$	—	$	—	$	7,200	$	729,286	$	3,326,598
Affiliate Investments
Commercial Services & Supplies	$	—	$	—	$	—	$	—	$	11,735	$	11,735
Total Affiliate Investments	$	—	$	—	$	—	$	—	$	11,735	$	11,735
Non-Control/Non-Affiliate Investments
Air Freight & Logistics	$	98,669	$	95,000	$	—	$	—	$	—	$	193,669
Automobile Components	22,069		66,893		—		—		25,802		114,764
Capital Markets	—		42,500		—		—		—		42,500
Commercial Services & Supplies	205,507		153,336		—		—		5,000		363,843
Distributors	276,711		89,853		—		—		1,500		368,064
Diversified Consumer Services	94,224		—		—		—		—		94,224
Diversified Telecommunication Services	144,870		58,476		—		—		—		203,346
Electrical Equipment	61,835		—		—		—		—		61,835
Financial Services	67,952		—		—		—		—		67,952
Food Products	26,643		131,542		—		—		—		158,185
Health Care Providers & Services	189,664		113,145		—		—		7,950		310,759
Health Care Technology	133,880		—		—		—		—		133,880
Hotels, Restaurants & Leisure	27,553		—		—		—		—		27,553
Household Durables	85,097		18,878		—		—		2,001		105,976
Interactive Media & Services	120,594		—		—		—		—		120,594
IT Services	34,388		69,050		—		—		—		103,438
Leisure Products	90,593		—		—		—		1		90,594
Machinery	49,741		9,995		—		—		—		59,736
Media	92,836		—		—		—		—		92,836
Personal Care Products	8,859		—		—		—		1,546		10,405
Pharmaceuticals	232,431		—		—		—		—		232,431
Professional Services	94,180		—		—		—		13,779		107,959
Software	48,060		131,894		—		—		—		179,954
Specialty Retail	7,407		—		—		—		23,898		31,305
Textiles, Apparel & Luxury Goods	171,982		—		—		—		—		171,982
Structured Finance	—		—		543,221		—		—		543,221
Total Non-Control/Non-Affiliate	$	2,385,745	$	980,562	$	543,221	$	—	$	81,477	$	3,991,005
Total Portfolio Investment Cost	$	4,975,857	$	980,562	$	543,221	$	7,200	$	822,498	$	7,329,338

See notes to consolidated financial statements.

32

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS (CONTINUED)

(in thousands, except share data)

Endnote Explanations as of September 30, 2024 (Unaudited) and June 30, 2024 (Continued)

The following table shows the composition of our investment portfolio at fair value by control designation, investment type and by industry as of September 30, 2024:

Industry(46)	1st Lien Term Loan			2nd Lien Term Loan			Subordinated Structured Notes			Unsecured Debt			Equity (B)			Fair Value Total			Fair Value % of Net Assets Applicable to Common Stock
Control Investments
Aerospace & Defense	$	35,120		$	—		$	—		$	—		$	32,328		$	67,448		1.9	%
Commercial Services & Supplies	77,139			—			—			5,456			28,001			110,596			3.2	%
Construction & Engineering	83,859			—			—			—			221,525			305,384			8.7	%
Consumer Finance	560,182			—			—			—			194,890			755,072			21.5	%
Diversified Consumer Services	1,500			—			—			—			3,535			5,035			0.1	%
Energy Equipment & Services	115,129			—			—			—			—			115,129			3.3	%
Residential Real Estate Investment Trusts(REITs)	885,679			—			—			—			533,158			1,418,837			40.4	%
Health Care Providers & Services	323,200			—			—			—			80,527			403,727			11.5	%
Machinery	37,322			—			—			—			67,516			104,838			3.0	%
Marine Transport	—			—			—			—			12,451			12,451			0.4	%
Media	29,723			—			—			—			51,564			81,287			2.3	%
Personal Care Products	105,695			—			—			—			4,647			110,342			3.1	%
Trading Companies & Distributors	55,849			—			—			—			8,015			63,864			1.8	%
Structured Finance(A)	190,500			—			—			—			—			190,500			5.4	%
Total Control Investments	$	2,500,897		$	—		$	—		$	5,456		$	1,238,157		$	3,744,510		106.7	%
Fair Value % of Net Assets	71.2		%	—		%	—		%	0.2		%	35.3		%	106.7		%
Affiliate Investments
Commercial Services & Supplies	$	—		$	—		$	—		$	—		$	21,658		$	21,658		0.4	%
Total Affiliate Investments	$	—		$	—		$	—		$	—		$	21,658		$	21,658		0.6	%
Fair Value % of Net Assets	—		%	—		%	—		%	—		%	0.6		%	0.6		%
Non-Control/Non-Affiliate Investments
Air Freight & Logistics	$	80,116		$	95,000		$	—		$	—		$	—		$	175,116		5.0	%
Automobile Components	21,885			65,416			—			—			696			87,997			2.5	%
Capital Markets	—			42,500			—			—			—			42,500			1.2	%
Commercial Services & Supplies	205,931			153,321			—			—			13,225			372,477			10.6	%
Distributors	280,046			10,218			—			—			10,955			301,219			8.6	%
Diversified Consumer Services	75,667			—			—			—			556			76,223			2.2	%
Diversified Telecommunication Services	146,817			48,080			—			—			—			194,897			5.6	%
Electrical Equipment	61,835			—			—			—			—			61,835			1.8	%
Financial Services	67,952			—			—			—			—			67,952			1.9	%
Food Products	18,506			123,732			—			—			—			142,238			4.1	%
Health Care Providers & Services	184,307			78,143			—			—			15,898			278,348			7.9	%
Health Care Technology	132,546			—			—			—			—			132,546			3.8	%
Hotels, Restaurants & Leisure	22,014			—			—			—			—			22,014			0.6	%
Household Durables	84,235			16,346			—			—			—			100,581			2.9	%
Interactive Media & Services	120,594			—			—			—			—			120,594			3.4	%
IT Services	34,318			56,995			—			—			—			91,313			2.6	%
Leisure Products	90,605			—			—			—			—			90,605			2.6	%
Machinery	49,945			10,000			—			—			—			59,945			1.7	%
Media	92,836			—			—			—			—			92,836			2.6	%
Personal Care Products	8,859			—			—			—			2,816			11,675			0.3	%
Pharmaceuticals	251,199			—			—			—			—			251,199			7.2	%
Professional Services	93,257			—			—			—			15,006			108,263			3.1	%

See notes to consolidated financial statements.

33

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS (CONTINUED)

(in thousands, except share data)

Endnote Explanations as of September 30, 2024 (Unaudited) and June 30, 2024 (Continued)

Industry(46)	1st Lien Term Loan			2nd Lien Term Loan			Subordinated Structured Notes			Unsecured Debt			Equity (B)			Fair Value Total			Fair Value % of Net Assets Applicable to Common Stock
Software	48,060			127,097			—			—			—			175,157			5.0	%
Specialty Retail	6,684			—			—			—			485			7,169			0.2	%
Textiles, Apparel & Luxury Goods	171,982			—			—			—			—			171,982			4.9	%
Structured Finance (A)	—			—			473,792			—			—			473,792			13.5	%
Total Non-Control/Non-Affiliate	$	2,350,196		$	826,848		$	473,792		$	—		$	59,637		$	3,710,473		105.7	%
Fair Value % of Net Assets	66.9		%	23.6		%	13.5		%	—		%	1.7		%	105.7		%
Total Portfolio	$	4,851,093		$	826,848		$	473,792		$	5,456		$	1,319,452		$	7,476,641		213.0	%
Fair Value % of Net Assets	138.2		%	23.6		%	13.5		%	0.2		%	37.6		%	213.0		%

(A) Our SSN investments do not have industry concentrations and as such have been separated in the tables above.

(B) Equity, unless specifically stated otherwise, includes our investments in preferred stock, common stock, membership interests, net profits interests, net operating income interests, net revenue interests, overriding royalty interests, escrows receivable, and warrants.

(36)The following table shows the composition of our investment portfolio at cost by control designation, investment type and by industry as of June 30, 2024:

Industry	1st Lien Term Loan		2nd Lien Term Loan		Subordinated Structured Notes		Unsecured Debt		Equity (B)		Cost Total
Control Investments
Aerospace & Defense	$	54,739	$	—	$	—	$	—	$	55,581	$	110,320
Commercial Services & Supplies	135,936		—		—		7,200		27,349		170,485
Construction & Engineering	83,858		—		—		—		12,053		95,911
Consumer Finance	540,191		—		—		—		82,842		623,033
Diversified Consumer Services	1,500		—		—		—		2,378		3,878
Energy Equipment & Services	123,189		—		—		—		221,800		344,989
Equity Real Estate Investment Trusts (REITs)	877,151		—		—		—		20,030		897,181
Health Care Providers & Services	316,428		—		—		—		45,118		361,546
Machinery	37,322		—		—		—		6,866		44,188
Media	29,723		—		—		—		—		29,723
Online Lending	20,630		—		—		—		—		20,630
Personal Products	98,601		—		—		—		221,795		320,396
Trading Companies & Distributors	35,135		—		—		—		32,500		67,635
Structured Finance (A)	190,500		—		—		—		—		190,500
Total Control Investments	$	2,544,903	$	—	$	—	$	7,200	$	728,312	$	3,280,415
Affiliate Investments
Commercial Services & Supplies	$	—	$	—	$	—	$	—	$	11,594	$	11,594
Total Affiliate Investments	$	—	$	—	$	—	$	—	$	11,594	$	11,594
Non-Control/Non-Affiliate Investments
Air Freight & Logistics	$	92,897	$	95,000	$	—	$	—	$	—	$	187,897
Automobile Components	22,124		66,850		—		—		25,697		114,671
Capital Markets	—		42,500		—		—		—		42,500
Commercial Services & Supplies	185,948		153,326		—		—		5,000		344,274
Communications Equipment	22,359		56,671		—		—		—		79,030
Distributors	224,726		89,853		—		—		—		314,579
Diversified Consumer Services	145,326		—		—		—		34,348		179,674
Diversified Financial Services	45,039		—		—		—		—		45,039
Diversified Telecommunication Services	9,405		122,165		—		—		—		131,570
Electrical Equipment	61,991		—		—		—		—		61,991
Food & Staples Retailing	26,743		—		—		—		—		26,743
Food Products	—		131,504		—		—		—		131,504
Health Care Providers & Services	255,534		113,145		—		—		9,496		378,175
Health Care Technology	133,620		—		—		—		—		133,620
Hotels, Restaurants & Leisure	27,582		—		—		—		—		27,582
Household Durables	118,705		—		—		—		3,501		122,206
Interactive Media & Services	120,594		—		—		—		—		120,594
Internet & Direct Marketing Retail	2,426		18,683		—		—		—		21,109

See notes to consolidated financial statements.

34

PROSPECT CAPITAL CORPORATION

CONSOLIDATED SCHEDULES OF INVESTMENTS (CONTINUED)

(in thousands, except share data)

Endnote Explanations as of September 30, 2024 (Unaudited) and June 30, 2024 (Continued)

Industry	1st Lien Term Loan		2nd Lien Term Loan		Subordinated Structured Notes		Unsecured Debt		Equity (B)		Cost Total
IT Services	196,461		148,451		—		—		—		344,912
Leisure Products	79,458		—		—		—		1		79,459
Machinery	50,399		9,994		—		—		—		60,393
Media	40,107		—		—		—		—		40,107
Pharmaceuticals	107,060		—		—		—		—		107,060
Professional Services	87,175		124,082		—		—		—		211,257
Software	—		52,405		—		—		—		52,405
Textiles, Apparel & Luxury Goods	173,114		—		—		—		—		173,114
Structured Finance (A)	—		—		623,700		—		—		623,700
Total Non-Control/Non-Affiliate	$	2,228,793	$	1,224,629	$	623,700	$	—	$	78,043	$	4,155,165
Total Portfolio Investment Cost	$	4,773,696	$	1,224,629	$	623,700	$	7,200	$	817,949	$	7,447,174

The following table shows the composition of our investment portfolio at fair value by control designation, investment type and by industry as of June 30, 2024:

Industry	1st Lien Term Loan			2nd Lien Term Loan			Subordinated Structured Notes			Unsecured Debt			Equity (B)			Fair Value Total			Fair Value % of Net Assets
Control Investments
Aerospace & Defense	$	54,739		$	—		$	—		$	—		$	12,184		$	66,923		1.8	%
Commercial Services & Supplies	73,487			—			—			7,200			22,885			103,572			2.8	%
Construction & Engineering	83,858			—			—			—			232,561			316,419			8.5	%
Consumer Finance	536,792			—			—			—			191,528			728,320			19.6	%
Diversified Consumer Services	1,500			—			—			—			3,242			4,742			0.1	%
Energy Equipment & Services	110,206			—			—			—			12,651			122,857			3.3	%
Equity Real Estate Investment Trusts (REITs)	877,151			—			—			—			608,181			1,485,332			40.0	%
Health Care Providers & Services	316,428			—			—			—			147,455			463,883			12.5	%
Machinery	37,322			—			—			—			65,080			102,402			2.8	%
Media	29,723			—			—			—			64,542			94,265			2.5	%
Online Lending	20,630			—			—			—			—			20,630			0.6	%
Personal Products	98,601			—			—			—			6,062			104,663			2.8	%
Trading Companies & Distributors	35,135			—			—			—			32,932			68,067			1.8	%
Structured Finance (A)	190,500			—			—			—			—			190,500			5.1	%
Total Control Investments	$	2,466,072		$	—		$	—		$	7,200		$	1,399,303		$	3,872,575		104.3	%
Fair Value % of Net Assets	66.4		%	—		%	—		%	0.2		%	37.7		%	104.3		%
Affiliate Investments
Commercial Services & Supplies	$	—		$	—		$	—		$	—		$	18,069		$	18,069		0.4	%
Total Affiliate Investments	$	—		$	—		$	—		$	—		$	18,069		$	18,069		0.5	%
Fair Value % of Net Assets	—		%	—		%	—		%	—		%	0.5		%	0.5		%
Non-Control/Non-Affiliate Investments
Air Freight & Logistics	$	84,933		$	89,758		$	—		$	—		$	—		$	174,691		4.7	%
Automobile Components	22,019			66,788			—			—			783			89,590			2.4	%
Capital Markets	—			42,500			—			—			—			42,500			1.1	%
Commercial Services & Supplies	186,116			153,500			—			—			14,042			353,658			9.5	%
Communications Equipment	22,413			46,098			—			—			—			68,511			1.8	%
Distributors	227,805			10,289			—			—			13,304			251,398			6.8	%
Diversified Consumer Services	127,311			—			—			—			14,581			141,892			3.8	%
Diversified Financial Services	45,039			—			—			—			—			45,039			1.2	%
Diversified Telecommunication Services	9,456			122,670