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Prospect Capital redeeming $2.1M of convertible notes due 2020

Prospect Capital Corp. said $2.1 million, or about 1.21%, of the 4.75% senior convertible notes due 2020 were tendered in its redemption offer that expired Oct. 23.

The company offered to redeem up to $40 million of the principal. After redemption, approximately $175.4 million principal amount of the notes will remain outstanding.