Our investment objective is to generate both currentincome and long-term capital appreciation through debt and equityinvestments
Our investment objective is to generate both currentincome and long-term capital appreciation through debt and equityinvestments.We have elected to be treated as a business development company under theInvestment Company Act of 1940 (“1940 Act”). and Maxim Group LLC areco-managers.This press release does not constitute an offer to sell or thesolicitation of an offer to buy nor will there be any sale of the sharesreferred to in this press release in any state or jurisdiction in whichsuch offer, solicitation or sale would be unlawful prior to theregistration or qualification under the securities laws of such state orjurisdiction. BB&TCapital Markets, a division of Scott & Stringfellow, LLC, is joint leadmanager Ladenburg Thalmann & Co Inc. The offeringwas upsized from its announced offering size of 4,000,000 shares.Prospect has granted the underwriters a 30-day option to purchase up toan additional 675,000 shares to cover over-allotments, if any. Theoffering is subject to customary closing conditions and is expected toclose on July 7, 2009.Prospect expects to use the net proceeds of this offering to maintainbalance sheet liquidity, possibly including repayment of a portion of theamounts outstanding under its credit facility, investments in high qualityshort-term debt instruments or a combination thereof, and to makelong-term investments in accordance with its investment objectives.Fox-Pitt Kelton Cochran Caronia Waller, Oppenheimer & Co., and RBCCapital Markets are joint bookrunning managers for the offering. NEW YORK, NY, Jun 30 (MARKET WIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced thatit has priced its public offering of 4,500,000 shares of common stock at$9.00 per share, raising $40.5 million in gross proceeds. NEW YORK (Reuters) – Software maker LogMeIn Inc (LOGM.O) shares priced at $16 each in its initial public offering on Tuesday, at the top of its estimate range, a source with direct knowledge of the deal said.
A Disney spokeswoman could not immediately be reached for comment.DVD sales, while still a moneymaker for the studios, flattened starting in 2005, leading executives to consider how to scale down home entertainment operations that once supported much higher sales volumes.The talks between Paramount and the other studios on ways to make long-term cost-cuts could signal that entertainment companies have adjusted expectations for a boost in DVD sales from the high-definition format, including Sony’s Blu-Ray format.(Reporting by Gina Keating; Editing by Phil Berlowitz and Steve Orlofsky) Deals Inflows Outflows. LOS ANGELES (Reuters) – Viacom Inc’s (VIAb.N) Paramount Studios is considering combining its DVD manufacturing and distribution operations with those of a rival studio to cut costs, a source close to talks said on Tuesday. No-one has called me to a court to defend myself, no-one has told me what the crime is,” he told the assembly.(Additional reporting by Enrique Andres Pretel, Gustavo Palencia in Tegucigalpa and Guido Nejamkis in Buenos Aires, Walter Brandimarte and Patrick Worsnip at the United Nations, Catherine Bremer in Mexico City, Editing by Frances Kerry) World Mexico. “For the international community, the most acceptable solution is that Zelaya comes back and completes the last several months of his term as President, and then steps down.”The U.N. General Assembly called on its 192 member states to recognize only Zelaya’s government, calling in a resolution for “the immediate and unconditional restoration of the legitimate and constitutional government” of Zelaya.Zelaya said he had only sought to improve the lot of poor Hondurans but had been treated harshly by the army and business interests “No-one has put me on trial. [nN30462183]Coffee producers told Reuters that protesters had blocked parts of three major highways in the interior of the country.
But the country’s coffee institute said that exports had not been affected by the coup.The World Bank said it had “paused” all program lending to Honduras following the coup.At home polls show public support for Zelaya had dropped as low as 30 percent in recent months as many were uncomfortable with his tilt to the left in a country with a longtime conservative, pro-Washington position.”Some sort of negotiation will have to occur,” said Shannon O’Neil at the Council on Foreign Relations. Troops and police tightened security at the international airport, but traffic was back to normal and many stores and cafes reopened for business.ECONOMIC UNCERTAINTYWorried about the economic impact of the political uncertainty, Standard & Poor’s placed Honduras “B-Plus” credit rating on its Creditwatch negative category. “We don’t want him here, or his friends, Chavez and (Nicaraguan President Daniel) Ortega.”Pro-Zelaya protests were calmer than in the past two days, when masked demonstrators clashed with security forces by the presidential palace. General Assembly urged member states to recognize only his government.CHAVEZ ALLYIn office since 2006, Zelaya had upset conservative elites with his growing alliance with Venezuelan President Hugo Chavez, a left-wing firebrand who is championing an old-style revolutionary brand of socialism across Latin America.Central America’s first military coup since the Cold War came after Zelaya angered Congress, courts and the army with a push for constitutional changes to allow presidentialre-election.Enrique Ortez, the interim government’s foreign minister, told CNN’s Spanish-language channel that Zelaya had charges pending against him for violating the constitution, drug trafficking and organized crime.”As soon as he enters he will be captured.

