Core Points - PennantPark Floating Rate Capital Ltd. will report its financial results for the third fiscal quarter ended June 30, 2025, on August 11, 2025, after market close [1] - A conference call to discuss the financial results will be held on August 12, 2025, at 9:00 a.m. Eastern Time, with access details provided for participants [2] Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt [3] - The company may also engage in equity investments occasionally [3] - The company is managed by PennantPark Investment Advisers, LLC, which oversees approximately $10 billion of investable capital [4] - PennantPark Investment Advisers, LLC has been operational since 2007, providing a range of financing solutions to middle-market borrowers [4]

Core Viewpoint - Fitch Ratings has affirmed Capital Southwest Corporation's long-term issuer rating at BBB- with a stable outlook, indicating confidence in the company's financial stability and operational performance [1]. Company Overview - Capital Southwest Corporation is a Dallas-based business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025 [2]. - The company focuses on middle market lending, providing investments ranging from $5 million to $50 million across various capital structures, including first lien, second lien, and non-control equity co-investments [2]. - As a public company with a permanent capital base, Capital Southwest has the flexibility to offer creative financing solutions and support the long-term growth of its portfolio companies [2]. Ratings and Financial Strength - Fitch Ratings has also affirmed the senior secured debt rating of Capital Southwest at BBB with a stable outlook, reflecting the company's strong asset coverage and diverse funding profile [1]. - Key factors supporting the ratings include the company's focus on a senior secured portfolio, robust asset coverage cushion, and consistent operating performance [1].

Group 1: Runway Growth Finance Corp. (RWAY) - Runway Growth Finance Corp. is an externally managed business development company focused on providing flexible capital solutions to late-stage and growth companies [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7.4% over the last 60 days [1] Group 2: Flex LNG (FLNG) - Flex LNG is a shipping company specializing in the transportation of liquefied natural gas [2] - The Zacks Consensus Estimate for its current year earnings has increased by 12.1% over the last 60 days [2] - Flex LNG has a dividend yield of 12.6%, compared to the industry average of 2% [2] Group 3: Upbound Group, Inc. (UPBD) - Upbound Group, Inc. is a leading lease-to-own provider with operations in the United States, Puerto Rico, and Mexico [3] - The Zacks Consensus Estimate for its current year earnings has increased by 2% over the last 60 days [3] - Upbound Group has a dividend yield of 6.5%, compared to the industry average of 4.1% [3]

Core Points - Capital Southwest Corporation is changing its regular dividend payment frequency from quarterly to monthly starting July 2025 [1][3] - The Board of Directors has declared monthly regular dividends of $0.1934 per share for July, August, and September 2025, along with a quarterly supplemental dividend of $0.06 per share payable in September 2025 [2][3] - The total regular dividends per share for the quarter ending September 30, 2025, will amount to $0.58, with an additional supplemental dividend of $0.06, bringing the total dividends per share for that quarter to $0.64 [3] Dividend Details - The declared monthly dividends and their payment schedule are as follows: - $0.1934 per share for July 31, 2025 - $0.1934 per share for August 29, 2025 - $0.1934 per share for September 30, 2025 [3] - The supplemental dividend of $0.06 per share will be payable on September 30, 2025 [3] Company Overview - Capital Southwest Corporation is a Dallas-based business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025 [5] - The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, making investments ranging from $5 million to $50 million [5] - Capital Southwest has a dividend reinvestment plan (DRIP) that allows registered stockholders to reinvest dividends into additional shares of common stock [4]

Group 1 - Prospect Capital Corporation announced the redemption of all outstanding 3.706% Notes due 2026 at a price of 100% of the principal amount plus accrued but unpaid interest, with the redemption date set for June 18, 2025 [1][2] - The Notes are held through The Depository Trust Company and will be redeemed in accordance with applicable procedures [2] - Prospect Capital Corporation is a business development company focused on lending to and investing in private businesses, aiming to generate current income and long-term capital appreciation through debt and equity investments [3]

Group 1 - Boot Barn Holdings, Inc. (BOOT) has been added to the Zacks Rank 5 (Strong Sell) List due to a 7.4% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Crescent Capital BDC, Inc. (CCAP) is also on the Zacks Rank 5 (Strong Sell) List, with a 1.9% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Helmerich & Payne, Inc. (HP) has seen a significant 30.9% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days, indicating potential challenges in the drilling services and solutions sector [2]

Group 1 - After the merger with Blue Owl Capital Corporation III, Blue Owl Capital Corporation became the second-largest business development company in the world, following Ares Capital, in terms of assets and market capitalization [1] - The merger significantly enhances Blue Owl's position in the market, indicating strong growth potential for the company [1] Group 2 - The article emphasizes the importance of identifying investment opportunities that combine growth and quality factors, suggesting a focus on companies with strong financial statements [1] - The analyst's personal investment experience spans seven years, highlighting a long-term perspective in evaluating investment opportunities [1]

Core Insights - Ares Capital reported a total NAV return of 2.1% for Q1, indicating solid performance in the latest quarterly results [1]. Company Performance - The company is categorized as a Business Development Company (BDC) and has shown resilience in its financial performance [1]. Investment Tools - Investors are encouraged to utilize Interactive Investor Tools for navigating various markets including BDC, CEF, OEF, preferred, and baby bond markets [1].

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]

Core Viewpoint - Great Elm Capital Corp. reported strong financial results for Q1 2025, achieving record total investment income of $12.5 million, driven by cash flows from its CLO joint venture and new investments, with net investment income (NII) exceeding the increased quarterly distribution [3][5]. Financial Highlights - Total investment income for Q1 2025 was $12.5 million, or $1.08 per share, compared to $8.9 million in Q1 2024 [8][20]. - NII for Q1 2025 was $4.6 million, or $0.40 per share, up from $2.1 million, or $0.20 per share, in Q4 2024 [5][20]. - The company increased its quarterly distribution by 5.7% to $0.37 per share for Q1 2025, with a second quarter distribution of the same amount approved, equating to a 14.7% annualized yield based on the closing price of $10.09 on May 2, 2025 [5][10]. Portfolio and Investment Activity - As of March 31, 2025, GECC held total investments of $341.9 million at fair value, with a significant portion in corporate credit [5][19]. - The weighted average current yield on the debt portfolio was 12.3%, with floating rate instruments comprising approximately 73% of the fair market value of debt investments [6][11]. - During Q1 2025, GECC deployed approximately $37.4 million into 16 investments at a weighted average current yield of 15.1% [6]. Asset and Liability Overview - Net assets were $132.3 million, or $11.46 per share, as of March 31, 2025, down from $136.1 million, or $11.79 per share, at the end of Q4 2024 [5][19]. - Total debt outstanding was $207.4 million, with various senior notes and $12.0 million outstanding on a revolving line of credit [9][19]. Management Commentary - The CEO expressed optimism about the company's ability to cover distributions throughout 2025 and emphasized a focus on capital deployment into opportunities with compelling risk-adjusted returns [3].