Prospect Capital Corporation (0R25)
Summary
0R25 Chart
Prospect Capital Announces Special Meeting Update
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 9, 2025. The proposals that were considered at the Special Meeting are described in detail in the Company's definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2025 (the “Proxy”). As of March 11, 2025, there were 445,761,031 shares of the Company's common stock outstanding, 27,533,233 shares of the Company's 5.50% Series A1 Preferred Stock outstanding (the “Series A1 Preferred Stock”), 163,000 shares of the Company's 5.50% Series A2 Preferred Stock outstanding (the “Series A2 Preferred Stock”), 5,251,157 shares of the Company's 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding (the “5.35% Series A Preferred Stock”), 1,228,739 shares of the Company's 5.50% Series M1 Preferred Stock outstanding (the “Series M1 Preferred Stock”), 24,308,542 shares of the Company's 6.50% Series A3 Preferred Stock outstanding (the “Series A3 Preferred Stock”), 2,368,524 shares of the Company's 6.50% Series M3 Preferred Stock outstanding (the “Series M3 Preferred Stock”), 6,986,390 shares of the Company's Floating Rate Series A4 Preferred Stock outstanding (the “Series A4 Preferred Stock”), 2,230,832 shares of the Company's Floating Rate Series M4 Preferred Stock outstanding (the “Series M4 Preferred Stock”), 733,081 shares of the Company's 7.50% Series A5 Preferred Stock outstanding (the “Series A5 Preferred Stock”) and 117,589 shares of the Company's 7.50% Series M5 Preferred Stock outstanding (the “Series M5 Preferred Stock”). Each share of common or preferred stock has one vote. To afford additional time to solicit stockholder votes for the proposal found in the Proxy, the Special Meeting has been adjourned until June 17, 2025, at 3:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2025SM.
Prospect Capital: Out-Of-Touch Valuation
Prospect Capital's dividend cut has improved payout safety, aligning distributions with lower net investment income and enhancing the margin of safety for passive income investors. The portfolio shift toward first-lien debt has stabilized credit quality, with non-accruals remaining low at 0.6%, despite a decline in overall income. High insider ownership (29%) and a 55% discount to NAV suggest the stock is undervalued, offering a compelling risk/reward for patient investors.
Private Debt Investor Features Grier Eliasek in June Edition of Middle Market Direct Lending Report
NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect Capital Corporation's President and Chief Operating Officer, Grier Eliasek, is featured in the June 2025 Private Debt Investor (“PDI”) Middle Market Direct Lending Report. In the Q&A-format feature, Mr. Eliasek highlights the attractive opportunities in the lower and core middle-market, where lenders have the potential to secure favorable deal terms and pursue higher risk-adjusted returns.
Prospect Capital Corporation Dividends
| 0R25 2 months ago | Other | $0.04 Per Share |
| 0R25 3 months ago | Other | $0.04 Per Share |
| 0R25 4 months ago | Other | $0.04 Per Share |
| 0R25 5 months ago | Other | $0.04 Per Share |
| 0R25 6 months ago | Other | $0.04 Per Share |
Prospect Capital Corporation Earnings
| 6 Feb 2025 Date | | - Cons. EPS | - EPS |
| 6 Nov 2024 Date | | - Cons. EPS | - EPS |
| 27 Aug 2024 Date | | - Cons. EPS | - EPS |
| 10 Jun 2024 Date | | - Cons. EPS | 0.2 EPS |
| 9 May 2024 Date | | - Cons. EPS | 0.2 EPS |
| 0R25 2 months ago | Other | $0.04 Per Share |
| 0R25 3 months ago | Other | $0.04 Per Share |
| 0R25 4 months ago | Other | $0.04 Per Share |
| 0R25 5 months ago | Other | $0.04 Per Share |
| 0R25 6 months ago | Other | $0.04 Per Share |
| 6 Feb 2025 Date | | - Cons. EPS | - EPS |
| 6 Nov 2024 Date | | - Cons. EPS | - EPS |
| 27 Aug 2024 Date | | - Cons. EPS | - EPS |
| 10 Jun 2024 Date | | - Cons. EPS | 0.2 EPS |
| 9 May 2024 Date | | - Cons. EPS | 0.2 EPS |
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Prospect Capital Corporation Profile
| Asset Management Industry | Financial Services Sector | Mr. John Francis Barry III, J.D. CEO | LSE Exchange | US74348T1025 ISIN |
| US Country | - Employees | 27 Aug 2025 Last Dividend | - Last Split | 27 Jul 2004 IPO Date |
Overview
Prospect Capital Corporation operates as a business development company, focusing primarily on the middle market and aiming to provide a broad range of financial solutions. It targets mature companies, as well as those in later stage and emerging growth phases, engaging in leveraged buyouts, refinancing, acquisitions, recapitalizations, and turnaround situations. The company places a strong emphasis on generating growth capital and addressing the needs for development, capital expenditures, and structured subordinated debt tranches, including those of collateralized loan obligations. Prospect Capital invests in secured debt, senior debt, equity, and a variety of loan formats, catering to a diverse portfolio of business needs. With a strategic eye on real estate, especially multi-family residential properties, the company encompasses a comprehensive investment approach. It primarily serves the United States and Canada, focusing on small to medium-sized private companies across multiple sectors.
Products and Services
- Mezzanine Finance & Later Stage Investments:
Specializing in providing mezzanine finance and capital for companies in their later stages, focusing on growth and transitional phases.
- Leveraged Buyouts, Refinancing, and Acquisitions:
Offering financial solutions for leveraged buyouts, refinancing existing debts, and facilitating acquisitions to drive business expansion and consolidation.
- Recapitalizations & Turnaround Initiatives:
Engaging in recapitalization efforts and providing necessary support for turnaround situations to revitalize companies.
- Growth Capital & Development:
Funding the growth capital and development needs of companies, supporting their expansion and operational advancements.
- Capital Expenditures:
Offering financing options for capital expenditures, enabling companies to invest in physical assets for their long-term benefit.
- Subordinated Debt and Collateralized Loan Obligations:
Providing subordinated debt options and investing in collateralized loan obligation tranches to offer layered financial solutions.
- Marketplace Lending & Bridge Transactions:
Engaging in marketplace lending and offering bridge loans to support companies during transitional funding periods.
- Real Estate Investments:
Making targeted investments in the real estate sector, with a particular focus on the multi-family residential real estate asset class.
- Private Debt & Equity Investments:
Investing in private debt and equity stakes in private and microcap public businesses, across various industry sectors.
- Primary and Secondary Loans/Portfolios:
Focusing on both the origination of primary loans and the acquisition of secondary loan portfolios, catering to diverse financing needs.
- Sector-Specific Investments:
Targeting investments across all industry sectors with expertise in energy and industrial sectors, including aerospace, defense, financial services, healthcare, and technology among others.
Contact Information
