Prospect Capital(PSEC)

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R-V Industries' to Participate in Several Upcoming Industry Events
GlobeNewswire News Room· 2025-03-19 11:01
HONEY BROOK, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- R-V will be participating in several upcoming industry events. Ackley, Beta Star, Genesis, and R.W. Hartnett will be exhibitors at the Interphex trade show April 1-3 in New York City. Ackley and R.W. Hartnett will be exhibiting at the CPHI show October 28-30 in Frankfurt, Germany. Having four of its brands at the world's biggest pharma-centric trade shows demonstrates R-V’s emergence as a significant player across the pharmaceutical landscape and is indic ...
Priority Income Fund Announces 13.0% Annualized Total Cash Distribution Rate (on Class R Offering Price) with "Bonus" and "Base" Common Shareholder Distributions for March 2025 through May 2025
Newsfilter· 2025-03-13 20:30
NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. ("Priority Income Fund" or the "Fund") announced today that the Fund's Board of Directors has declared monthly cash "base" and "bonus" common shareholder distributions for March 2025, April 2025 and May 2025. The annualized total cash distribution is $1.34016 per share (13.0% annualized rate for Class R and 14.0% annualized rate for Class I), for distributions with record dates between March 13, 2025 and May 5, 2025 based on the current ...
Town & Country Living Unveils Stylish and Functional Pet Comfort Collection at Global Pet Expo 2025
Newsfilter· 2025-03-13 11:01
Core Insights - Town & Country Living is launching a new line of pet accessories at the Global Pet Expo, expanding its pet brand with a focus on style, comfort, and convenience for pets and their owners [1][2] - The Pet Comfort Collection includes a variety of plush, easy-care pet beds designed to complement modern home décor, available in multiple sizes and luxurious fabrics [1][2] - The company aims to engage directly with pet-centric retailers and industry professionals to expand its market reach [2] Company Overview - Founded in 1954 and headquartered in New York City, Town & Country Living specializes in home textiles and pet accessories, supplying major retailers worldwide [3] - The company is recognized for delivering high-quality, stylish, and functional products that enhance everyday living [3] - Town & Country Living is a portfolio company of Prospect Capital Corporation, which has total assets of $7.2 billion as of December 31, 2024 [4]
Town & Country Living Partners with Draper James to Launch Charming Cross-Category Home Collection
Newsfilter· 2025-03-12 13:30
Core Insights - Town & Country Living announces a collaboration with Draper James to create a home collection that embodies Southern charm, set to debut at the New York Home Textiles Market in March 2025 [1][2] Company Overview - Town & Country Living, founded in 1954 and headquartered in New York City, specializes in home textiles including table linens, kitchen textiles, rugs, window treatments, pillows, throws, bath products, and pet accessories [4] - Draper James, founded by Reese Witherspoon in May 2015, is an American lifestyle brand inspired by Southern roots, offering ready-to-wear, accessories, and home accents [6] Product Details - The new collection features items such as scalloped kitchen textiles, reversible quilted placements, floral-inspired area rugs, and lace-accented window treatments, designed to enhance home aesthetics [2][3] - An outdoor line will include decorative pillows and cushions, extending the brand's style to outdoor spaces [2] Market Strategy - The collaboration aims to attract a younger demographic and fill a market gap for Town & Country Living, ensuring a cohesive design language across home products [3] - The collection will be available nationwide in select retailers and online starting Fall 2025 [4] Financial Context - Town & Country Living is a portfolio company of Prospect Capital Corporation, which had total assets of $7.2 billion as of December 31, 2024 [5]
Prospect Capital Corporation Releases Updated Prospect Highlights
GlobeNewswire· 2025-03-10 23:04
Company Overview - Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses [2] - The company's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments [2] - Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 and as a regulated investment company under the Internal Revenue Code of 1986 [2] Recent Developments - Prospect has posted an updated "Prospect Highlights" on its website, showcasing its multi-decade history, strong track record, and market-leading best practices [1]
Mity Inc. Announces Successful Launch of Traversa Non-Emergency Medical Transport Chair
Newsfilter· 2025-03-10 22:09
OREM, Utah, March 10, 2025 (GLOBE NEWSWIRE) -- Mity Inc. announces that sales of its new Traversa chair serving the non-emergency medical transport ("NEMT") market have topped $1.6 million since introduction in early 2024. Mity Inc. is a designer and manufacturer of commercial furniture selling into a variety of markets. Broda Seating is a division of Mity which designs and manufactures various types of wheelchairs (i.e., bariatric, pedal, positioning, and rehabilitation), hygiene chairs, and support acces ...
Valley Electric Received Three Separate Awards for Excellence in Engineering, Design and Sustainability
Newsfilter· 2025-03-10 21:51
Core Insights - Valley Electric has received three awards for excellence in Engineering, Design, and Sustainability within the first two months of 2025 [1] - Valley Electric is a portfolio company of Prospect Capital Corporation, which has total assets of $7.2 billion as of December 31, 2024 [2] Company Overview - Valley Electric, founded in 1982, provides specialty electrical services in Washington, California, Oregon, Idaho, and Nevada [3] - The company offers a wide range of contracting services, including new installation, engineering and design, design-build, and traffic lighting and signalization [3] - Valley Electric's project scope ranges from $5,000 same-day projects to projects exceeding $200 million, with completion times of over 5 years [3]
Druid City Vital Care Recognized at Vital Care Infusion Services Annual Conference
Newsfilter· 2025-03-10 21:50
Group 1 - Druid City Vital Care was recognized at the Vital Care Infusion Services annual conference, with three locations receiving Top Gun awards for performance [1] - The Memphis location won the Fast Starter award for generating the most revenue in its first year [1] - Tuscaloosa was named the 1 franchise in the Vital Care franchisee network for 2023 and 2024, and it became the first site to exceed $100 million in receipts for a calendar year [1] Group 2 - Druid City Vital Care specializes in infusion pharmacy and sterile compounding services for patients with acute and chronic conditions [2] - The company was recapitalized in October 2024 by investors including Inlet Road Capital Management, LLC, Prospect Capital Corporation, senior management, and the founders [2] Group 3 - Inlet Road Capital Management, LLC has extensive experience in private equity ownership and management, focusing on creating value in sectors like home health care and pharmacy [3] - Prospect Capital Corporation is a publicly traded business development company with total assets of $7.2 billion as of December 31, 2024 [3]
Tower Loan Announces New Customer Mobile App
Newsfilter· 2025-03-10 21:49
JACKSON, Miss., March 10, 2025 (GLOBE NEWSWIRE) -- First Tower Finance Company LLC, d/b/a Tower Loan is introducing a new innovative mobile app in Q2 2025, designed to streamline its customers' financial journeys. The innovative app will enhance the loan process by making it more efficient and providing additional resources to help customers manage their finances. The new mobile app will allow customers to apply for loans with just a few taps, further simplifying the process. In addition, the app will help ...
Prospect Capital Achieves Outstanding Corporate Culture Recognition Based on Independent Culture Amp Survey
GlobeNewswire News Room· 2025-03-10 21:31
Core Insights - Prospect Capital Management L.P. has demonstrated a strong commitment to fostering an exceptional workplace environment, as evidenced by a recent independent survey conducted by Culture Amp [1][2][3] Employee Engagement - A significant majority of Prospect professionals expressed enthusiasm for their work environment, with many recommending it as a great place to work and feeling proud to be part of the company [5] Innovation - The culture of innovation at Prospect is highlighted by employees feeling encouraged to be innovative, reflecting the company's pioneering achievements in the Business Development Company (BDC) industry [5] Career Development - The survey results indicate that Prospect is dedicated to nurturing career growth, with employees appreciating the opportunities for advancement and expressing satisfaction with their roles compared to expectations [5] Work-Life Balance - Employees reported a strong sense of work-life balance, emphasizing the company's efforts to maintain a sustainable and rewarding work environment that supports their holistic needs [5] Teamwork and Collaboration - Prospect professionals praised the company's strong culture of teamwork and accountability, showcasing a shared commitment to achieving results [5] Corporate Culture Initiatives - Prospect has implemented various initiatives to enhance corporate culture, including mentorship programs, fully subsidized health insurance, company-sponsored trips, frequent events, and a pet-friendly office environment [3][4] Future Commitment - The company remains committed to maintaining high standards of corporate culture and employee satisfaction, using insights from the Culture Amp survey to guide ongoing efforts [4] Company Overview - Prospect Capital Management L.P. is an SEC-registered investment adviser with $8.3 billion in regulatory assets under management as of December 31, 2024, focusing on high-yielding debt and equity investments [6]