Welcome to our dedicated page for Prospect Capital news (Ticker: PSEC), a resource for investors and traders seeking the latest updates and insights on Prospect Capital stock.
Prospect Capital Corporation reports developments as a business development company that lends to and invests in middle-market, privately held companies. The company seeks current income and long-term capital appreciation through debt and equity investments, including senior secured loans, subordinated debt, preferred equity, structured credit, real estate and syndicated debt.
Recurring PSEC news covers quarterly financial results, monthly common shareholder distributions, preferred stock dividends, portfolio financing activity and updates from portfolio companies. Company announcements also include earnings call schedules, annual and special meeting updates, proxy-related matters and capital actions tied to its common stock, preferred stock series and debt financing.
Prospect Capital (NASDAQ: PSEC) reported results for the quarter and fiscal year ended June 30, 2026. Quarterly net investment income was $77.7 million, or $0.15 per common share, while net loss applicable to common shareholders was $38.1 million, or $(0.08) per share. NAV per common share declined to $5.71, with total assets of $6.45 billion and net of cash debt to total assets of 28.6% and asset coverage of debt of 345%.
Prospect declared monthly common distributions of $0.035 per share for September and October 2026, bringing cumulative paid and declared common distributions since inception to $22.14 per share, or over $4.8 billion. The company closed the sale of portfolio company Valley Electric on July 1, 2026, with expected net exit proceeds of approximately $281 million, generating a 20.5% realized gross annualized IRR and 4.8x multiple of invested capital.
Middle-market lending represented 85% of investments at cost, with first lien debt at 72.5% and non-accrual loans at 0.7% of total assets at fair value. Since IPO, exited investments produced an estimated 12% gross IRR, including 14.4% in middle-market lending with a 0.2% annualized realized loss rate.
Prospect Capital (NASDAQ: PSEC) plans to file its Form 10-K for the fiscal year ended June 30, 2026 and release related earnings on Thursday, August 20, 2026, after market close. The company will hold an earnings conference call on Friday, August 21, 2026 at 9:00 a.m. ET, accessible by phone, replay line, and live listen-only webcast on its website.
Prospect Capital (NASDAQ:PSEC) completed an investment in ShipOffers, providing a first lien senior secured term loan and an equity-linked investment alongside the company’s founders and leadership team.
ShipOffers, founded in 2001, offers on-demand product and order fulfillment from facilities in the US and the Netherlands for e-commerce and direct-to-consumer brands.
Prospect Capital (NASDAQ:PSEC) held a special stockholder meeting on June 23, 2026, covering a proposal described in its March 11, 2026 proxy statement. As of that date, Prospect reported specific common and multiple preferred share classes outstanding, each carrying one vote.
To allow more time to solicit votes on the proxy proposal, the special meeting was adjourned to July 7, 2026 at 5:00 p.m. ET, to be held virtually at www.virtualshareholdermeeting.com/PSEC2026SM.
Prospect Capital (NASDAQ:PSEC) reported that its special meeting of stockholders was held on June 9, 2026. Proposals considered at the meeting are detailed in a definitive proxy statement filed March 11, 2026.
The meeting was adjourned until June 23 at 5:00 p.m. Eastern Time to allow more time to solicit votes.
Prospect Capital (NASDAQ:PSEC) agreed to sell its portfolio company Valley Electric to MYR Group for expected gross proceeds of about $328 million, closing around July 1, 2026.
Prospect expects about $280 million net exit proceeds, a 20.4% gross IRR, and a 4.8x multiple of invested capital since 2012, supported by Valley Electric’s 289% revenue growth during the investment period.
Prospect Capital (NASDAQ: PSEC) reported results for the quarter ended March 31, 2026. Key metrics: NII $78.5M, NAV per share $6.05, and declared monthly common distributions of $0.035 per share for May–August 2026. The firm increased first-lien mix to 72.0% and holds a $229M unrealized gain in its NPRC real estate stake.
Total investments at cost were $6.193B and originations net of repayments were ($107.0M) for the quarter.
Prospect Capital (NASDAQ: PSEC) expects to file its Form 10-Q for the quarter ended March 31, 2026 and will issue an earnings release on Thursday, May 7, 2026 after market close. The company will host a conference call on Friday, May 8, 2026 at 9:00 a.m. ET.
Dial-in is 888-338-7333. A recording will be available for ~30 days; replay dial-in is 855-669-9658 (passcode 1182378). A live listen-only webcast is available at www.prospectstreet.com.
Prospect Capital (NASDAQ: PSEC) and an affiliate provided a $26 million financing package to Security Fire Systems (SFS) on May 4, 2026, alongside Blackford Capital. The package includes a first lien senior secured term loan plus a preferred equity investment to fund SFS growth and acquisitions.
SFS, founded 1993, offers fire sprinkler design, installation, testing, maintenance, remodels, fire alarms and emergency response across multiple states and end markets, including hospitality, healthcare, education, retail, aviation, government, residential and religious properties.
Ubique Group (PSEC) expanded the Martha Stewart Lily Pond Patio Collection on April 22, 2026, adding a weathered gray rattan wicker line with modular seating, dining and coordinated sets.
The launch features modular sofas, club chairs, coordinating tables, all-weather wicker, performance fabrics, and mixed-metal Bedford tables; products are available at major retailers including Amazon, Wayfair, Walmart, and Home Depot.