Financial Results - Prospect Capital Corporation reported a net investment income (NII) of $90,888,000 for the quarter ended December 31, 2025, an increase from $79,350,000 in the previous quarter and $86,431,000 in the same quarter last year [2] - The NII per common share was $0.19, compared to $0.17 in the previous quarter and $0.20 a year ago [2] - The company experienced a net loss applicable to common shareholders of $(6,576,000), a decrease from a profit of $48,087,000 in the previous quarter and a loss of $(30,993,000) in the same quarter last year [2] - Total assets decreased to $6,534,578,000 from $6,641,870,000 in the previous quarter and $7,234,855,000 a year ago [2] - The net asset value (NAV) per common share was $6.21, down from $6.45 in the previous quarter and $7.84 a year ago [2] Investment Activity - The company has invested over $22 billion across more than 450 investments since its initial public offering in July 2004, exiting over 350 of these investments [6] - The gross internal rate of return (IRR) on exited investments is approximately 12%, with total proceeds from exited investments amounting to approximately $16.7 billion against $13.1 billion invested [7] - In the middle market lending sector, the exited investments yielded a gross IRR of approximately 14.5%, with an annualized realized loss rate of 0.2% [8] - For companies with less than $50 million in EBITDA, the gross IRR reached approximately 17.2%, with an annualized net realized loss rate of 0.1% [9] Portfolio Composition - As of December 31, 2025, the portfolio included 91 companies across 32 industries, with total investments valued at $6,441,536,000 [18] - The first lien debt represented 71.4% of the total investments, while second lien debt accounted for 12.7% [19] - The company’s real estate property portfolio at National Property REIT Corp. constituted 14.1% of investments, yielding an income of 5.4% for the quarter [16] Capital and Liquidity - The company has a diversified funding profile, including a $2.1 billion revolving credit facility and various debt instruments [21] - As of December 31, 2025, the weighted average cost of unsecured debt financing was 4.68% [25] - The balance sheet cash and undrawn revolving credit facility commitments totaled $1,647,216,000 [24] Dividend Information - Prospect Capital Corporation declared monthly cash distributions of $0.045 per share for February, March, and April 2026 [4][5] - Cumulative distributions to common shareholders since inception amount to approximately $4.7 billion, equating to $21.93 per share [5]

Core Viewpoint - Crescent Capital BDC, Inc. has rescheduled the release of its financial results for the fourth quarter and fiscal year ended December 31, 2025, to February 25, 2026, after market close, with a conference call scheduled for February 26, 2026, at 12:00 p.m. Eastern Time [1] Group 1: Financial Results Announcement - The financial results for the fourth quarter and fiscal year ended December 31, 2025, will be released on February 25, 2026 [1] - A webcast/conference call will be held on February 26, 2026, at 12:00 p.m. Eastern Time [1] Group 2: Conference Call Information - The conference call will be accessible live on the Investor Relations section of Crescent BDC's website [2] - Participants can join the call by dialing a toll-free number and using the provided Conference ID [2] Group 3: Replay Information - A replay of the earnings call will be available via a webcast link on the Investor Relations section of Crescent BDC's website [3] Group 4: Company Overview - Crescent BDC is a business development company focused on maximizing total return for stockholders through capital solutions for middle market companies [4] - The company is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent [4] - Crescent Capital Group LP, managing approximately $50 billion in assets, specializes in below investment grade credit [5]

Looking ahead, Lem said changes in base rates typically take about a quarter to be fully reflected in results, and the decline in base rates during the fourth quarter is expected to create roughly $0.01 per share of earnings headwind in the first quarter of 2026, “assuming all else equal.” He also reminded investors that origination volumes and related capital structuring service fees tend to be seasonally slower in the first quarter than in the fourth.Core earnings per share were $0.50 in the fourth quarte ...

Core Insights - The article discusses the appeal of investing in income-generating assets, highlighting the importance of passive income for financial independence Group 1: Brookfield Renewable - Brookfield Renewable has recently increased its dividend by 5%, maintaining an annual growth rate of at least that since 2011 [4] - The company currently offers a dividend yield of 3.7%, significantly higher than the S&P 500's yield of 1.1% [4] - Brookfield expects annual dividend growth of 5% to 9% and anticipates cash flow per share growth of over 10% annually through at least 2030 [5] - The company's growth is supported by long-term contracts linked to inflation, rising power prices, and a backlog of renewable energy projects [6] Group 2: Main Street Capital - Main Street Capital is a business development company (BDC) that provides debt and equity capital to smaller private companies, generating interest and dividend income [7] - The company is required to distribute at least 90% of its taxable net income to shareholders, ensuring consistent returns [7] - Main Street has never reduced or suspended its monthly dividend, which has grown by 136% since its IPO in 2007, including a 4% increase over the past year, resulting in a current yield of 5% [8]

Core Viewpoint - Gladstone Investment Corporation (GAIN) reported disappointing earnings and revenue figures for the third fiscal quarter, indicating ongoing challenges despite some growth in year-over-year revenue and significant net asset increases from operations [2][3][4][5]. Financial Performance - GAIN reported an earnings per share (EPS) of -$0.16, missing the estimated EPS of $0.23, marking a negative surprise of 169% [2][6]. - Revenue for the quarter was approximately $25.1 million, slightly below the estimated $25.8 million, but showing growth from $21.37 million reported a year ago [3][6]. - Total investment income decreased by 0.9% to $25.1 million from $25.3 million in the previous quarter, while total expenses increased significantly by 50.3% to $31.6 million from $21 million [4]. Investment Gains - Despite the financial challenges, GAIN experienced a net realized gain of $2.2 million and a net unrealized appreciation of $70.2 million, which is a 29.2% increase from $54.4 million [5][6]. - The net increase in net assets resulting from operations surged by 129.5% to $65.9 million [5][6].

Core Viewpoint - Capital Southwest Corporation (NASDAQ:CSWC) is enhancing its competitive position in the lower middle market through a new joint venture focused on first-out senior secured debt investments [2]. Group 1: Joint Venture Formation - On January 22, Capital Southwest Corporation announced the formation of a joint venture with another private credit asset manager [2]. - The joint venture will operate as an off-balance-sheet private fund, with ownership split evenly between Capital Southwest and its partner, each holding a 50% equity stake [2]. - A board of managers, with equal representation from both firms, will oversee all investment and operational decisions [2]. Group 2: Investment Strategy and Benefits - The joint venture is expected to implement a senior secured credit facility using borrowed funds to support its investment activities [2]. - This structure allows Capital Southwest to offer more flexible capital solutions and facilitates the placement of portions of larger transactions into the joint venture, aiding in portfolio diversification [2]. - CEO Michael Sarner expressed optimism about the fund's potential, believing it will enable Capital Southwest to compete across a broader range of investment opportunities [2]. Group 3: Company Overview - Capital Southwest Corporation is an internally managed business development company based in Dallas, Texas, with approximately $1.9 billion in investments at fair value as of September 30, 2025 [2].

Core Viewpoint - CION Investment Corporation has announced a public offering of $125 million in unsecured notes due 2031, aiming to raise approximately $121.25 million in net proceeds after underwriting costs [1][2]. Group 1: Offering Details - The notes will mature on March 31, 2031, and can be redeemed by the company starting March 31, 2028 [1]. - The notes will have an interest rate of 7.50% per year, with the first interest payment scheduled for March 30, 2026 [1]. - The offering is expected to close on February 9, 2026, and the company plans to list the notes on the New York Stock Exchange within 30 days of the issue date [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to pay down borrowings under the company's senior secured credit facilities [2]. Group 3: Company Overview - CION Investment Corporation is a publicly listed business development company with approximately $1.9 billion in total assets as of September 30, 2025 [7]. - The company focuses primarily on senior secured loans to U.S. middle-market companies, aiming to generate current income and capital appreciation for investors [7]. Group 4: Underwriters - The joint book-running managers for the offering include Keefe, Bruyette & Woods, Inc., B. Riley Securities, Inc., Lucid Capital Markets, LLC, and Oppenheimer & Co. Inc. [3].

DALLAS, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the third fiscal quarter ended December 31, 2025. Third Quarter Fiscal Year 2026 Financial Highlights Total Investment Portfolio: $2.0 billion Credit Portfolio of $1.8 ...

Group 1: PepsiCo - PepsiCo has a strong portfolio of iconic brands such as Pepsi, Gatorade, and Doritos, generating durable cash flow to support a dividend yield of 3.8%, significantly higher than the S&P 500's yield of 1.1% [2] - The company has a remarkable record of increasing its dividend, having raised it by 5% last year, marking 53 consecutive years of growth, qualifying it as a Dividend King [3] - PepsiCo's long-term targets include 4% to 6% annual organic revenue growth and high-single-digit earnings per share growth, supported by strategic investments like the $1.7 billion acquisition of Poppi and increasing its stake in Celsius to 11% [5] Group 2: Main Street Capital - Main Street Capital operates as a business development company (BDC), providing debt and equity capital to lower middle market companies, generating interest and dividend income to support its dividend payments [6] - The company has a unique dividend policy, paying a monthly dividend that has never been reduced or suspended, with a 4% increase over the past year and a total increase of 136% since its IPO in 2007, resulting in a current yield of 4.8% [8] - Main Street Capital also pays a supplemental quarterly dividend, leading to an overall annualized yield of 6.7% based on its share price, making it an attractive investment for passive income [9] Group 3: Verizon - Verizon provides mobile and broadband services to over 146 million customers, generating substantial recurring revenue that supports a dividend yield of 6.9% [10] - The company generates approximately $20 billion in free cash flow annually after capital expenditures, easily covering its annual dividend payments of about $11.5 billion [12] - Verizon's recent $20 billion acquisition of Frontier Communications aims to enhance its fiber network, increasing its ability to cross-sell services and improve revenue and margins, supporting continued dividend growth for 19 consecutive years [13]

Core Viewpoint - Capital Southwest Corporation announced the U.S. federal income tax treatment of its 2025 dividends, which totaled $2.56 per share, consisting entirely of ordinary income, including net short-term capital gains [2][3]. Dividend Tax Treatment - The 2025 dividends are classified as 100% ordinary income, with 73.89% taxed as ordinary income and 26.11% as qualified dividends [2][4]. - The final classification of the dividends includes specific amounts per share for each payment date, with a total of $2.5604 per share, broken down into ordinary dividends of $1.8918 and qualified dividends of $0.6686 [3][4]. Non-U.S. Shareholders - Approximately 82.55% of the dividends are classified as interest-related and short-term capital gains dividends, which are exempt from U.S. withholding tax for Non-U.S. residents and foreign corporation shareholders [5][6]. - Non-U.S. shareholders in a regulated investment company like Capital Southwest are exempt from U.S. withholding tax on both interest-related dividends and short-term capital gains [6][7]. Company Overview - Capital Southwest Corporation is a Dallas-based business development company with approximately $1.9 billion in investments at fair value as of September 30, 2025 [8]. - The company focuses on providing financing solutions for middle market businesses, making investments ranging from $5 million to $50 million across various capital structures [8].