You bought at the high. Plus, it is obvious that they will issue new shares at some point, that holds the price down. Next time you buy a stock, look at the graph for at least one year. Do you see where you bought? Look for support areas below that. That is where you want to buy. Hope that helps in the future.
They want permission to sell shares BELOW net asset value. They do not need permission to sell shares above nav. Vote NO You should have been notified about voting. IMO, bad idea to let them sell shares below nav. Anyway, you should vote.
Arrogant is FSC that screwed investors last summer by increasing the number of shares many times then lending money as fast as possible so they could declare a fat loss and a divy cut today. That to me was reprehensible and I dumped fsc. What is considered arrogant at psec I can live with, because they give results. PNNT also just declared a loss.