A 21% Yield With a Troubling Pattern Investors Should Not Ignore [Yahoo! Finance]
Prospect Capital Corporation - Closed End Fund (PSEC)
Last prospect capital corporation - closed end fund earnings: 2/10 04:02 pm
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Source: Yahoo! Finance
That number attracts income investors the way a bright light attracts moths, but the history of this yield tells a more cautious story. fizkes / Shutterstock.com · fizkes / Shutterstock.com business development company lending middle market finance What PSEC Is and How It Pays You Prospect Capital is a business development company, not an ETF. BDCs lend money to mid-sized private businesses, collect interest, and distribute most of that income to shareholders. The dividend comes from net investment income: the spread between what PSEC earns on its loans and what it costs to borrow. Think of it as a leveraged lending operation that passes profits directly to you. The current portfolio holds 91 portfolio companies with 71.4% of the book in first lien senior secured loans, the highest-priority debt in a borrower's capital structure. That rotation toward safer collateral is deliberate. Non-accrual loans sit at just 0.7% of total assets, which is low for a BDC of this size. T
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PSEC
News
- Priority Income Fund Announces 16.6% Annualized Total Cash Distribution Rate (on Net Asset Value) with Common Shareholder Distributions for March 2026 through May 2026GlobeNewswire
- Priority Income Fund Announces Redemption of its 6.000% Series J Term Preferred Stock Due 2028GlobeNewswire
- Prospect Capital: The 8% Yielding Preferreds Are The Only Reasonable Prospect [Seeking Alpha]Seeking Alpha
- Prospect Floating Rate and Alternative Income Fund Announces a 14.54% Annualized Total Cash Common Shareholder Distribution Rate on Net Asset Value for March 2026 [Yahoo! Finance]Yahoo! Finance
- Prospect Floating Rate and Alternative Income Fund Announces a 14.54% Annualized Total Cash Common Shareholder Distribution Rate on Net Asset Value for March 2026GlobeNewswire
PSEC
Sec Filings
- 4/6/26 - Form 424B2
- 4/6/26 - Form 424B2
- 4/2/26 - Form POS
- PSEC's page on the SEC website