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 Corporation (NASDAQ: PSEC) will file its Form 10-Q for the fiscal quarter ended March 31, 2022, on May 9, 2022, after market close. The earnings press release will also be issued on the same day.
A conference call is scheduled for May 10, 2022, at 11:00 a.m. Eastern Time, with the dial-in number 888-338-7333. A replay will be available for 30 days. The call can also be accessed via a live webcast on the company’s website.
Prospect Capital Corporation (NASDAQ: PSEC) has announced that its preferred stock offerings have reached approximately $650 million in aggregate liquidation preference since December 31, 2020. These offerings provide investors with recurring cash income, stable value, and liquidity, supported by over $4 billion in junior common equity. Various investment channels have participated in the preferred stock offerings, highlighting investor confidence. The ongoing offering of Series A1, M1, and M2 Preferred Stock is managed by Preferred Capital Securities LLC.
On March 28, 2022, Prospect Capital Corporation (NASDAQ: PSEC) announced that its preferred stock offerings have amassed approximately $600 million in aggregate liquidation preference since December 31, 2020. According to President Grier Eliasek, the preferred stock provides investors with recurring cash income, stability, and over $4 billion in junior common equity credit support. The offering involves Series A1, M1, and M2 Preferred Stock managed by Preferred Capital Securities LLC.
Prospect Capital Corporation (NASDAQ: PSEC) has announced that its preferred stock offerings have surpassed $550 million in total liquidation preference since late 2020. The President, Grier Eliasek, highlighted the benefits of these investments, including recurring cash income and robust equity support exceeding $4 billion. The offerings cater to various investor channels, including institutional and independent wealth managers. The ongoing offering includes Series A1, M1, and M2 Preferred Stock, managed by Preferred Capital Securities LLC.
Prospect Capital Corporation (PSEC) reported its Q2 financial results for the period ending December 31, 2021. Net Investment Income (NII) reached $85.6 million, with a basic NII per share of $0.22. Total income amounted to $175.4 million. Net income applicable to common stockholders was $246.4 million, translating to a basic net income per share of $0.63. The company declared monthly cash distributions of $0.06 per share, maintaining an annual yield of 8.6%. Total investments at fair value increased to $7 billion, reflecting strong performance in originations and a focus on enhancing NII growth through strategic initiatives.
Refuel Agency, based in Santa Barbara, has integrated with Thinking Cap Agency, enhancing its offerings in higher education marketing. This new collaboration aims to tackle enrollment challenges faced by institutions, focusing on military, teen, college, and multicultural markets. Thinking Cap, renowned for its proprietary research and marketing solutions, will benefit from Refuel's extensive audience engagement. The headquarters for Thinking Cap will remain in Princeton, NJ, while Refuel continues its operations in California.
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.