Document ID: SEC-2022-0889-0001
Agency: sec
Document Type: Notice
Title: Application: Prospect Capital Corporation, et al.
Posted Date: 2022-07-08T04:00Z

[Federal Register Volume 87, Number 130 (Friday, July 8, 2022)]
[Notices]
[Page 40873]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14581]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34642; File No. 812-15330]

Prospect Capital Corporation, et al.

July 5, 2022.
AGENCY:  Securities and Exchange Commission (``Commission'' or 
``SEC'').

ACTION:  Notice.

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    Notice of application for an order (``Order'') under sections 17(d) 
and 57(i) of the Investment Company Act of 1940 (the ``Act'') and rule 
17d-1 under the Act to permit certain joint transactions otherwise 
prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 
under the Act.

Summary of Application:  Applicants request an order to amend a 
previous order granted by the Commission that permits certain business 
development companies (``BDCs'') and closed-end management investment 
companies to co-invest in portfolio companies with each other and with 
certain affiliated investment entities.

Applicants:  Prospect Capital Corporation, Priority Income Fund, Inc., 
Prospect Sustainable Income Fund, Inc., Prospect Yield Corporation, 
LLC, Prospect Capital Management L.P., Priority Senior Secured Income 
Management, LLC, Prospect Capital Funding LLC and National Property 
REIT Corp.

Filing Dates:  The application was filed on April 29, 2022, and amended 
on June 3, 2022.

Hearing or Notification of Hearing:  An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at [email protected] and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on, August 
1, 2022, and should be accompanied by proof of service on applicants, 
in the form of an affidavit or, for lawyers, a certificate of service. 
Pursuant to rule 0-5 under the Act, hearing requests should state the 
nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary at 
[email protected].

ADDRESSES:  The Commission: [email protected]. Applicants: 
Russell Wininger, Prospect Capital Corporation, at 
[email protected], and Steven B. Boehm, Esq. and Anne G. 
Oberndorf, Esq., Eversheds Sutherland (US) LLP, at 
[email protected].

FOR FURTHER INFORMATION CONTACT:  Kieran G. Brown, Senior Counsel, or 
Terri Jordan, Branch Chief, at (202) 551-6825 (Division of Investment 
Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION:  For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' first amended and 
restated application, dated June 3, 2022, which may be obtained via the 
Commission's website by searching for the file number at the top of 
this document, or for an Applicant using the Company name search field, 
on the SEC's EDGAR system. The SEC's EDGAR system may be searched at, 
http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may 
also call the SEC's Public Reference Room at (202) 551-8090.
    For the Commission, by the Division of Investment Management, under 
delegated authority.

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-14581 Filed 7-7-22; 8:45 am]
BILLING CODE 8011-01-P