Prospect Capital Stock Price, News & Analysis

Prospect Capital Corporation (NASDAQ: PSEC) has reported that its preferred stock offerings have surpassed $500 million in total liquidation preference since December 31, 2020. The preferred stock provides investors with recurring cash income and support from nearly $4 billion of junior common equity. Prospect's diverse investor base includes institutional and international channels, emphasizing broad market appeal. The ongoing offerings are managed by Preferred Capital Securities LLC.

Prospect Capital Corporation (PSEC) announced it will file its Form 10-Q report for the fiscal quarter ending December 31, 2021, on February 8, 2022, after market close. The earnings press release will also be issued on the same date. A conference call will follow on February 9, 2022, at 11:00 a.m. ET, offering investors insights into the company's performance. PSEC focuses on lending and investing in private businesses, aiming to generate income and long-term capital appreciation.

On January 4, 2022, Prospect Capital Corporation (PSEC) announced surpassing $450 million in preferred stock issuances since December 31, 2020. The offerings, which provide investors with recurring cash income and liquidity, have attracted various institutional investors. President Grier Eliasek highlighted strong support from channels including registered investment advisors and independent wealth firms. This press release serves informational purposes and does not constitute an offer to sell securities. Prospect aims to generate income and long-term capital appreciation through its investments.

Prospect Capital Corporation (NASDAQ: PSEC) announced that its preferred stock offerings have surpassed $400 million in aggregate liquidation preference since December 2020. The preferred stock is designed to provide investors with recurring cash income, a stable stated value, and access to nearly $4 billion in junior common equity credit support. Various investment channels, including institutional and independent wealth investors, have participated in these offerings. The release serves as informational and does not constitute an offer to buy these securities.

Prospect Capital Corporation (PSEC) reported strong financial results for the fiscal quarter ending September 30, 2021, with Net Investment Income (NII) of $81.4 million, translating to $0.21 per share. Total investments rose to $6.43 billion, with a Net Asset Value (NAV) per share of $10.12. Shareholders received $70 million in distributions, maintaining a consistent payout of $0.18 per share. The company declared monthly distributions of $0.06 for November 2021 through January 2022, yielding 8.6%. Notably, since October 2017, NII has exceeded distributions by $0.27 per share.

Prospect Capital Corporation (NASDAQ: PSEC) announced plans to file its Form 10-Q for the fiscal quarter ending September 30, 2021, on November 8, 2021, before market opening. An earnings press release will also be issued on the same day.

A conference call is scheduled for November 8 at 11:00 a.m. ET, with dial-in and webcast options available. The company operates as a business development firm focused on lending to private businesses, aiming for both current income and long-term capital appreciation through various investments.

Prospect Capital Corporation announced the results of its cash tender offer for outstanding notes, which expired on October 15, 2021. A total of $149,000 of notes were validly tendered. The company will pay $1,077.50 for each $1,000 principal amount of the eligible 6.375% Notes due 2024, plus any accrued interest, with a settlement date expected on October 20, 2021. D.F. King & Co., Inc. is serving as the Information and Tender Agent for the offering. This press release is informational and does not constitute a purchase offer.

Prospect Capital Corporation has initiated a cash tender offer to acquire all outstanding 6.375% Senior Notes due 2024, totaling $81,389,000. The Tender Offer will conclude on October 15, 2021, with settlement expected on October 20, 2021. Each validly tendered note will receive $1,077.50 plus accrued interest. A withdrawal option is available until the expiration. The company retains the right to amend, extend, or terminate the offer at its discretion.

Prospect Capital Corporation (NASDAQ: PSEC) has announced that its preferred stock offerings surpassed $350 million in aggregate liquidation preference since December 31, 2020. President Grier Eliasek noted substantial demand for the Preferred Stock, attributed to its appealing features, including credit support, liquidity, and income potential. PCS Capital Securities LLC manages the ongoing offering of Series A1, M1, and M2 Preferred Stock. As a business development company, Prospect aims to achieve current income and long-term capital appreciation through its investments.