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Stock impact report

Prospect Capital outlines continued rotation into first lien loans with 71% portfolio mix amid ongoing asset sales [Seeking Alpha]

Prospect Capital Corporation (PSEC) 
Last prospect capital corporation earnings: 2/10 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ww2.prospectstreet.com
Company Research Source: Seeking Alpha
John Barry, Chairman and CEO, reported net investment income of $79.4 million or $0.17 per common share for the September quarter, with a net asset value of $3 billion or $6.45 per common share. Barry announced, "We are Quick Insights Prospect Capital is increasing its allocation to first lien senior secured middle market loans while reducing exposure to second lien loans, subordinated structured notes, equity-linked securities, and real estate assets. Management reaffirmed monthly common shareholder distributions of $0.045 per share through January and indicated ongoing focus on first lien loans, smaller companies, and less competitive investment segments. The company maintains substantial liquidity, completed a new senior unsecured notes issuance (including Israeli bonds), and holds 63% of its assets as unencumbered, supporting diversified funding and minimized counterparty risk. Show less Read more
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