Prospect Capital Corporation (NASDAQ:PSEC) Q4 2021 Earnings Conference Call August 25, 2021 11:00 AM ET Company Participants John Barry - Chairman and Chief Executive Officer Grier Eliasek - President and Chief Operating Officer Kristin Van Dask - Chief Financial Officer Conference Call Participants Finian O’Shea - Wells Fargo Robert Dodd - Raymond James Operator Good day and welcome to the Prospect Capital Fourth Quarter Fiscal Earnings Release and Conference Call. [Operator Instructions] Please note this ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00659 PROSPECT CAPITAL CORPORATION (Exact name of Registrant as specified in its charter) | Maryland | | 43-2048643 | | --- | --- | --- | | (State or other jurisdiction of | | (I.R. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00659 PROSPECT CAPITAL CORPORATION (Exact name of registrant as specified in its charter) | Title of each class | Trading symbols | Name of each exchange on which registere ...

Financial Data and Key Metrics Changes - In the December quarter, net investment income (NII) was $81.6 million or $0.21 per common share, an increase of $0.06 from the prior quarter [5] - Net income was $306 million or $0.80 per common share, up $0.35 from the prior quarter [5] - Net asset value (NAV) stood at $8.96 per common share in December, up $0.56 and 7% from the prior quarter, marking the third consecutive quarter of NAV growth [5] - The net debt-to-equity ratio was 61.1%, down 13% from March and down 7% from September [5] Business Line Data and Key Metrics Changes - The portfolio at fair value comprised over 47% secured first lien, 21% other senior secured debt, 13% subordinated structured notes, and 18% equity investments, resulting in 82% of investments being secured debt [8] - Originations in the December quarter totaled $346 million, with $338 million in repayments and exits, resulting in net originations of $8 million [12] - The weighted average middle market portfolio net leverage stood at 4.97x EBITDA, down 0.31 from the prior quarter [11] Market Data and Key Metrics Changes - The structured credit portfolio generated an annualized cash yield of 17.2% and a GAAP yield of 16.8% as of December [15] - The trailing 12-month default rate for the structured credit portfolio was 206 basis points, down 14 from the prior quarter [14] Company Strategy and Development Direction - The company focuses on a diversified investment strategy that includes third-party private equity sponsor-related lending, direct non-sponsor lending, and real estate yield investing [7] - The company aims to maintain a balance between liquidity and efficient financing, with a target net debt-to-equity ratio of 0.7 to 0.85 [5][28] - The company has a significant pipeline of deals to deploy capital, indicating a proactive approach to investment opportunities [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the loan space, citing a decline in default rates and improvements in loan prices [25] - The company highlighted the importance of having a strong management team at portfolio companies, particularly in overcoming challenges [47] - Management noted that the real estate business is highly profitable and generates significant cash flows, contributing positively to overall performance [52] Other Important Information - The company announced monthly cash common shareholder distributions of $0.06 per share for February, March, and April, marking the 42nd, 43rd, and 44th consecutive dividends [5] - The company has a combined balance sheet cash and undrawn revolving credit facility commitments of approximately $845 million [17][29] Q&A Session Summary Question: Insights on CLO portfolio yields - Management noted a rebound in yields for the CLO portfolio, with cash yields up to 17.2%, and a decline in default rates, indicating optimism for the loan space [24][25] Question: Utilization of the revolver and borrowing base - Management indicated an increase in revolver utilization from 15% to 35% and mentioned approximately $430 million available on the current borrowing base [26][29] Question: NAV performance and asset concentration - Management acknowledged that a significant portion of NAV came from two assets, InterDent and the REIT, and discussed the diversification within the real estate portfolio [31][36] Question: Cash flow disclosures for the REIT - Management agreed to review disclosures regarding cash flows and the mechanics of IRR for the REIT, emphasizing that it is a profitable business [40][41]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00659 PROSPECT CAPITAL CORPORATION (Exact name of registrant as specified in its charter) Maryland 43-2048643 (State or other jurisdiction of incorporation or organizati ...

Prospect Capital Corporation (NASDAQ:PSEC) Q1 2021 Earnings Conference Call November 10, 2020 11:00 AM ET Company Participants John Barry - Chairman & Chief Executive Officer Grier Eliasek - President & Chief Operating Officer Kristin Van Dask - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Operator Good morning, and welcome to Prospect Capital's First Quarter Release and Conference Call. All participants will be in listen-only mode. ...

Prospect Capital Corporation (NASDAQ:PSEC) Q4 2020 Earnings Conference Call August 27, 2020 11:00 AM ET Company Participants John Barry - Chairman & Chief Executive Officer Grier Eliasek - President & Chief Operating Officer Kristin Van Dask - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Finian O'Shea - Wells Fargo Securities Operator Good day and welcome to the Prospect Capital Corporation Fiscal Year Earnings Release and Conference Call. All participants will be in list ...

Prospect Capital Corporation (NASDAQ:PSEC) Q3 2020 Earnings Conference Call May 12, 2020 11:00 AM ET Company Participants John Barry - Chairman and Chief Executive Officer Kristin Van Dask - Chief Financial Officer Michael Eliasek - President and Chief Operating Officer Conference Call Participants Operator Good day and welcome to the Prospect Capital Third Fiscal Quarter Earnings Release and Conference Call. All participants will be in listen-only mode. [Operator Instructions] After todayÂ's presentation, ...

Prospect Capital Corporation (NASDAQ:PSEC) Q2 2020 Earnings Conference Call February 11, 2020 11:00 AM ET Company Participants John Barry - Chairman and Chief Executive Officer Kristin Van Dask - Chief Financial Officer, Chief Compliance Officer and Treasurer Michael Eliasek - President and Chief Operating Officer Conference Call Participants Matthew Tjaden - Raymond James & Associates, Inc. Operator Good day, and welcome to the Prospect Capital Corporation Second Fiscal Quarter Earnings Release and Confere ...

Prospect Capital Corporation (NASDAQ:PSEC) Q1 2020 Earnings Conference Call November 7, 2019 11:00 AM ET Company Participants John Barry – Chairman and Chief Executive Officer Kristin Van Dask – Chief Financial Officer Grier Eliasek – President and Chief Operating Officer Conference Call Participants Matt Tjaden – Raymond James Operator Good day and welcome to the Prospect Capital Corporation First Fiscal Quarter Earnings Release Conference Call. All participants will be in listen-only mode. [Operator Instr ...