Prospect Capital: A NAV Revaluation Play

Core Insights - Prospect Capital (PSEC) reported net investment income (NII) results that exceeded market expectations, indicating strong performance in the last quarter [1] - The company experienced an improvement in dividend coverage quarter-over-quarter, suggesting better financial health [1] - Despite the positive NII results, PSEC continues to face net asset value erosion, which may raise concerns about long-term sustainability [1]