NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect") has provided a first lien senior secured term loan, a first lien senior secured convertible term loan, and a preferred equity investment to Taos Footwear Holdings, LLC ("Taos Footwear" or "Company"), aggregating $65 million, in collaboration with Taos Footwear's founder and leadership team. Taos Footwear is a leading, innovative footwear brand providing customers with stylish and supportive footwear products. ...

Group 1 - The Conservative Income Portfolio aims to target value stocks with high margins of safety while reducing volatility through well-priced options [1] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Trapping Value, a team with over 40 years of combined experience, focuses on generating options income and capital preservation [3] Group 2 - Prospect Capital Corporation (NASDAQ: PSEC) was previously discussed, highlighting its preferred shares and income-generating strategies [2] - The Covered Calls Portfolio aims for lower volatility income investing with an emphasis on capital preservation [2] - The fixed income portfolio seeks to acquire securities that are heavily undervalued and possess high income potential [2]

Acquisition and Offering - NEWSTAR Exchange acquired Hadley Crossing, a single-family rental subdivision in Charlotte, North Carolina, developed by Stella Homes [1] - The property features 44 detached homes with 4 bedrooms, two-car attached garages, and high-end finishes such as Hardiplank facades, Quartz countertops, and stainless steel appliances [2] - NEWSTAR Exchange launched a new Delaware Statutory Trust (DST) offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031 [1] Financial and Market Performance - Hadley Crossing reached stabilization within less than 8 months, achieving the 3 highest build-to-rent rental rates in the Charlotte market [3] - The average household income in the area exceeds $200,000 [3] - The DST offering seeks to raise approximately $14 million in equity from accredited investors and is financed with a first mortgage through Fannie Mae, offering 43% leverage to investors [3] Company Background - NEWSTAR Exchange is a subsidiary of NEWSTAR, investing in and managing Class A single-family built-to-rent residential communities in the US Sun Belt [4] - The company sponsors Delaware Statutory Trusts and brings high-quality assets to market through a rigorous due diligence process [4] - NEWSTAR Exchange has successfully closed out three DST programs, raising more than $50 million in equity in partnership with Preferred Capital Securities [3] Partnership and Distribution - Preferred Capital Securities (PCS) is the managing broker-dealer for NEWSTAR Exchange’s DST offering [3] - PCS has a track record of raising over $5 billion in retail capital across 16 offerings and issuing approximately $1 billion in liquidity for investors since its inception in 2011 [5] - The offering is distributed by PCS in accordance with Rule 506(c) of Regulation D of the Securities Act [3]

Group 1 - The core concern for Prospect Capital Corporation (NASDAQ: PSEC) remains the declining net asset value (NAV) per share, which has continued to drop over the past 18 months [1] - The company has substantial exposure to a few large investments, which poses concentration risks [1]

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Dylan at Grayson (“Dylan”) multifamily residential property in Grayson, Georgia, for $56.7 million, achieving a 1.7 times cash on cash return on the investment acquired in December 2020. Since inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties (representing 32,073 multifamily units), 12 self-storage properties, 8 student hou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Title of each class Trading symbols Name of each exchange on which registered Common Stock, $0.001 par value PSEC NASDAQ Global Select Market 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock, par value $0.001PSEC PRA New York Stock Exchange ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO ...

NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2024. "We are rightsizing our common shareholder distribution rate as we continue to execute our long-term income and total return strategy by rotating structured credit CLO equity and real estate investments into our core business of first lien senior secured middle market loans, including sometimes with selected eq ...

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended September 30, 2024 on Friday, November 8, 2024. The Company also expects to issue its earnings press release on Friday, November 8, 2024, before the opening of the markets. The Company will host a conference call on Friday, November 8, 2024 at ...

Prospect Capital (NASDAQ: PSEC ) operates as a business development company that generates its earnings through a portfolio of various debt investments. What makes PSEC unique is their majority focus on real estate related companies, which gives off a bitFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various i ...

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") closed $764 million of new investments during its fiscal year ended June 30, 2024, investing in 38 new and existing portfolio companies. 91% of PSEC's originations during fiscal year 2024 were first lien, senior secured loans. Selected investments in both new and existing portfolio companies during fiscal year 2024 include: $56 million of first lien loans to refinance the debt of a provider of clinical trial ...