Core Insights - Prospect Capital Corporation reported financial results for the fiscal quarter ended March 31, 2025, showing a decline in net investment income and a significant net loss applicable to common shareholders [1][2]. Financial Results - Net Investment Income (NII) for the quarter was $83,489,000, down from $86,431,000 in the previous quarter and $94,375,000 in the same quarter last year [2]. - NII per Common Share decreased to $0.19 from $0.20 in the previous quarter and $0.23 year-over-year [2]. - The company reported a net loss applicable to common shareholders of $(171,331,000), compared to a loss of $(30,993,000) in the previous quarter and a profit of $113,891,000 in the same quarter last year [2]. - Total assets decreased to $6,996,312,000 from $7,234,855,000 in the previous quarter and $7,905,794,000 year-over-year [2]. - Net Asset Value (NAV) per Common Share was $7.25, down from $7.84 in the previous quarter and $8.99 a year ago [2]. Distribution Information - The company declared monthly cash distributions of $0.0450 per share for May, June, July, and August 2025 [3][4]. - Cumulative paid and declared distributions to common shareholders reached $4,527,079,000, with a cumulative distribution per common share of $21.57 [5]. Investment Activity - Since its IPO in July 2004, Prospect has invested over $21 billion across more than 450 investments, with an internal rate of return (IRR) of approximately 13% on exited investments [6][7]. - The company focused on first lien senior secured middle market loans, with such investments totaling $149 million of $196 million in originations during the quarter [9]. - The subordinated structured notes portfolio represented 4.2% of total assets, down from 7.3% a year ago [10]. Portfolio Update - As of March 31, 2025, total investments at fair value were $6,901,364,000, with 114 portfolio companies across 33 industries [14]. - The mix of first lien debt increased to 65.5%, while subordinated structured notes decreased to 4.2% [14]. - The annualized current yield for all investments was 9.2%, with performing interest-bearing investments yielding 11.5% [14]. Capital and Liquidity - The company has a diversified funding profile, including a $2.1 billion revolving credit facility and significant capital raised from preferred stock offerings [18][24]. - As of March 31, 2025, the net of cash debt to total assets ratio was 28.7%, and the net of cash debt to equity ratio was 40.8% [21]. Management Ownership - Senior management and employees own 28.8% of all common shares outstanding, valued at approximately $0.9 billion based on NAV [12].

Core Points - Prospect Capital Corporation is set to file its Form 10-Q report for the fiscal quarter ending March 31, 2025, on May 8, 2025, and will issue an earnings press release after market close on the same day [1] - A conference call is scheduled for May 9, 2025, at 9:00 a.m. Eastern Time, with a dial-in number provided for participants [2] - The conference call will also be accessible via a live listen-only webcast on the company's website [3] Company Overview - Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses, aiming to generate current income and long-term capital appreciation through debt and equity investments [4] - The company 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 [4]

NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the "Company") today announced the results of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated April 9, 2025 (the "Offer to Purchase"), which set forth the terms and conditions of the Tender Offer, and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery"). As of ...

NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced the results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated April 9, 2025 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer, and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”). As of ...

NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- A portfolio company of Prospect Capital Corporation ("Prospect") (NASDAQ: PSEC) and QC Holdings, Inc. ("QC Holdings" or the "Company") (OTCPK:QCCO) today announced they have entered into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the " ...

NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- A portfolio company of Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC) and QC Holdings, Inc. (“QC Holdings” or the “Company”) (OTCPK:QCCO) today announced they have entered into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the “ ...

NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on April 17, 2025, or any other date and time to which the Company extends the Tender Offer (such date and time, as it may or may not be extended, the “Expiration Time”). The Tender Offer is made pursuant to an Offer ...

Group 1 - Prospect Capital Corporation is hosting a webinar titled "Medium Term Notes – Senior Position and Attractive Income" aimed at financial professionals, scheduled for April 14, 2025, at 1:00pm ET [1] - The webinar will cover topics such as senior unsecured bonds, medium term notes, and the benefits of programmatic bonds, including attractive cash income streams and a laddered approach to bond portfolio construction [1] - This event is part of an ongoing investor education series in collaboration with RIA Channel, which focuses on educational investment content for financial advisors [2] Group 2 - Prospect Capital Corporation operates as a business development company, focusing on lending to and investing in private businesses with the goal of generating current income and long-term capital appreciation [3] - The company has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986, which influences its operational framework and investment strategies [3]

For further information, contact: Grier Eliasek, President and Chief Operating Officer grier@prospectcap.com Telephone (212) 448-0702 Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Caution Concerning Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation ...

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect", "our", or "we") today announced that Egan-Jones Ratings Company ("Egan-Jones") has reaffirmed Prospect's investment grade issuer and institutional notes credit ratings at BBB, and preferred stock credit ratings at BBB-. "We are very pleased that Egan-Jones has reaffirmed our issuer investment grade credit rating as well as investment grade credit ratings for our institutional notes and preferred stock," said ...