Structured Credit Instruments
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Prospect Enhanced Yield Fund Announces 9.05% Annualized Total Cash Distribution Rate (on Net Asset Value) for January through March 2026
Globenewswire· 2026-01-14 12:01
Core Viewpoint - Prospect Enhanced Yield Fund has declared monthly cash shareholder distributions for January, February, and March 2026, marking the fourth, fifth, and sixth distributions paid by the Fund [1] Distribution Details - The annualized total cash distribution is $2.28 per share, representing a 9.05% annualized rate based on the January 9, 2026 net asset value of $25.19 per common share [2] - The cash distribution will be payable monthly to common stockholders of record at the close of business each month, with a quarterly total of $0.57 [2] Monthly Distribution Schedule - January 2026: Record Date 01/29/2026, Payment Date 02/02/2026, Amount $0.19 per share [3] - February 2026: Record Date 02/26/2026, Payment Date 03/02/2026, Amount $0.19 per share [3] - March 2026: Record Date 03/30/2026, Payment Date 04/01/2026, Amount $0.19 per share [7] Fund Overview - Prospect Enhanced Yield Fund is a closed-end fund operating as an interval fund, focusing on acquiring and growing a portfolio of non-mortgage related structured credit instruments, including asset-backed securities and collateralized loan obligations [4] - The Fund is managed by Prospect Enhanced Yield Management, LLC, which comprises a team of investment professionals from Prospect Capital Management L.P. [4] Management Background - Prospect Capital Management L.P. is an SEC-registered investment adviser with over 30 years of experience in managing high-yielding debt and equity investments, employing a team of over 100 professionals [5] - As of September 30, 2025, Prospect and its affiliates manage $7.3 billion in assets [5]