NEW YORK, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced that it held its annual meeting of stockholders (the “Annual Meeting”) on December 16, 2025. The proposals that were considered at the Annual Meeting are described in detail in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on September 18, 2025 (the “Proxy”). As of September 17, 2025, there were 465,087,009 ...

Core Viewpoint - Priority Income Fund, Inc. has declared distributions for its preferred stock series, indicating ongoing income generation for investors [1][2]. Distribution Details - The Fund has announced the following distributions per share for its preferred stock series, all payable on December 31, 2025: - Series D: $0.43750 - Series J: $0.37500 - Series K: $0.43750 - Series L: $0.39844 - All series have an ex-dividend date and record date of December 23, 2025 [2]. Fund Overview - Priority Income Fund, Inc. is a registered closed-end fund focused on acquiring and growing a portfolio primarily consisting of senior secured loans and collateralized loan obligations (CLOs) [3]. - The Fund is managed by Priority Senior Secured Income Management, LLC, which comprises a team from Prospect Capital Management L.P. [3]. Management Background - Prospect Capital Management L.P. has over 30 years of experience in managing high-yielding debt and equity investments, with $7.3 billion in assets under management as of September 30, 2025 [4]. Dealer-Manager Information - Preferred Capital Securities, LLC serves as the dealer-manager for Priority Income Fund, having raised over $4.9 billion in capital for various alternative investment strategies since its formation in 2013 [5].

Core Viewpoint - The bankruptcy of auto-parts supplier First Brands has raised concerns about the business development companies (BDCs) market, which is known for high dividends, prompting investors to question whether these assets are now bargains [2][3]. Group 1: Market Concerns - The bankruptcy of First Brands has led to increased scrutiny of the private-credit market where BDCs operate, with JPMorgan CEO Jamie Dimon suggesting there may be more issues within this sector [3]. - BDCs are facing challenges as investors are wary of potential risks associated with high yields that may be linked to declining stock prices [2][4]. Group 2: Specific BDC Analysis - Blue Owl Capital (OBDC) is highlighted as a BDC with high fees, including a 1.5% base management fee and a 17.5% cut of net investment income, which raises concerns about its attractiveness despite its 11.9% yield [6][7]. - OBDC has not outperformed the BDC market since its IPO in 2019, indicating that its performance is not compelling enough to justify its fees [8]. - Prospect Capital Corp (PSEC) is noted for being the cheapest BDC on the market, trading at a 60% discount to NAV, but its long-term return of 7% over the last decade and a 20.9% current yield signal potential risks [8][9]. Group 3: Alternative Investment Opportunities - The Liberty All-Star Growth Fund (ASG) is presented as a more favorable investment option, having achieved a 175% total return over the last decade, significantly outperforming BDCs [11]. - ASG offers a predictable dividend tied to its portfolio performance, committing to pay about 8% of NAV annually, and currently trades at an 11.2% discount to NAV, making it an attractive alternative to BDCs [12][13].

NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Prospect Enhanced Yield Fund (“PENF” or the “Fund”) announced today that the Fund’s Board of Directors has declared monthly cash shareholder distributions for October 2025, November 2025, and December 2025. These distributions represent the first, second, and third monthly distributions paid by the Fund. The annualized total cash distribution is $2.28 per share (9.0% annualized rate based on the October 20, 2025 net asset value), for distributions with record date ...

Core Viewpoint - The bankruptcy of auto-parts supplier First Brands has raised concerns about business development companies (BDCs), which provide loans to small and mid-sized firms, leading to potential investment opportunities but also risks associated with high yields [1][2]. Group 1: Market Concerns - The bankruptcy of First Brands has triggered worries about the private-credit market where BDCs operate, with JPMorgan Chase CEO Jamie Dimon suggesting there may be more issues in the sector [2]. - BDCs are known for offering double-digit yields, attracting investors despite the recent market turmoil [3]. Group 2: Specific BDC Analysis - Blue Owl Capital (OBDC) is highlighted as a BDC with high fees, including a 1.5% base management fee and 17.5% of net investment income, which raises concerns about its attractiveness as an investment [5][6]. - OBDC has not outperformed the BDC market since its IPO in 2019, indicating that it may not be a bargain despite the current dip [7]. - Prospect Capital Corporation (PSEC) is noted for being the cheapest BDC on the market at a 60% discount to NAV, but its long-term return of 7% over the last decade and a 20.9% current yield are seen as warning signs [8][10]. Group 3: Alternative Investment Opportunities - The Liberty All-Star Growth Fund (ASG) is presented as a more favorable investment option, having outperformed BDCs with a 175% total return over the last decade and offering a 9% dividend [12]. - ASG's portfolio includes major companies like NVIDIA, Microsoft, and Apple, and it commits to paying about 8% of NAV as dividends yearly, providing some predictability [13]. - With ASG trading at an 11.2% discount to NAV, it is suggested as a safer alternative to the risks associated with BDCs like PSEC and OBDC [14].

I’m a retail investor based in Sydney with three years of experience focusing on achieving financial independence through strategic investments in AI-driven companies. Although I don’t come from a traditional finance background, I’ve developed a strong passion for understanding how artificial intelligence is transforming the global economy. Over the past few years, I’ve become increasingly fascinated by the possibilities of AI—how it’s reshaping industries, driving innovation, and creating new investment fr ...

I’m a retail investor based in Sydney with three years of experience focusing on achieving financial independence through strategic investments in AI-driven companies. Although I don’t come from a traditional finance background, I’ve developed a strong passion for understanding how artificial intelligence is transforming the global economy. Over the past few years, I’ve become increasingly fascinated by the possibilities of AI—how it’s reshaping industries, driving innovation, and creating new investment fr ...

Core Viewpoint - Prospect Capital (PSEC) has gained attention due to its involvement in lending to First Brands and the prevailing concerns regarding a potential private credit bubble [1] Group 1: Company Overview - Prospect Capital is categorized as a Business Development Company (BDC) [1] - The company is noted for its thematic investing strategies, crisis investing, systematic options trading, and discretionary global macro approaches [1] Group 2: Market Context - There is a widespread belief among market participants that a private credit bubble may be forming, which could impact companies like Prospect Capital [1]

Group 1 - Prospect Capital (PSEC) has gained attention as one of the Business Development Companies (BDCs) that provided loans to First Brands, amidst concerns of a potential private credit bubble [1] - The focus of the analysis includes thematic investing, crisis investing, systematic options trading, and discretionary global macro strategies, highlighting the diverse investment approaches [1] Group 2 - The article does not provide any specific financial data or performance metrics related to Prospect Capital or the broader industry [2][3]

Core Insights - The article discusses the investment positions held by analysts in specific companies, indicating a positive outlook on their performance [1][2] Group 1: Analyst Positions - Analysts have disclosed beneficial long positions in shares of PSEC, ARCC, and BXSL, suggesting confidence in these companies' future performance [1] - The article emphasizes that the opinions expressed are personal and not influenced by external compensation, reinforcing the independence of the analysis [1] Group 2: Seeking Alpha's Role - Seeking Alpha is identified as a platform for diverse opinions from both professional and individual investors, highlighting the variety of perspectives available [2] - The article clarifies that past performance does not guarantee future results, indicating a cautious approach to investment recommendations [2]