| Priority Income Fund Announces Redemption of its 6.625% Series F Term Preferred Stock Due 2027 |
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.625% Series F Term Preferred Stock Due 2027 (CUSIP: 74274W 822; NYSE: PRIF PRF) (the “Series F Preferred Shares”) at a price of $25 per Series F Preferred Share, plus accrued but unpaid dividends per Series F Preferred Share from March 31, 2025, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be June 11, 2025 (the “Redemption Date”). |
globenewswire.com |
2025-05-12 20:01:00 |
Czytaj oryginał (ang.) |
| Prospect Capital: Largest Discount In A Decade Still Doesn't Justify A Buy |
Prospect Capital (PSEC) has been a poor performer, trading at its largest discount to NAV in a decade due to earnings decline and poor financials. PSEC's heavy reliance on real estate makes it vulnerable to high interest rates, causing a significant NAV decline and underperformance against peers. Despite a high dividend yield of 14.9%, the long-term sustainability is questionable, with no significant improvements in portfolio structure or new investment activity. |
seekingalpha.com |
2025-05-11 16:32:44 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Bimodal Q1 Numbers Weigh On The Sector |
We take a look at the action in business development companies through the first week of May and highlight some of the key themes we are watching. BDCs fell around 1.5% this week due to a couple of weak Q1 reports, with the sector still below pre-Liberation Day levels. Despite recent dips, historically resilient BDCs are showing strong ROE figures, suggesting selective opportunities for patient investors. |
seekingalpha.com |
2025-05-10 13:02:13 |
Czytaj oryginał (ang.) |
| NAV Dip, PIK Interest, And Perpetual Discount Sees Prospect Capital Downgraded To Junk |
Prospect Capital's market cap has plummeted 31% over the last year, driven by a sustained decline in net asset value (NAV) and dividend cuts. The BDC's fiscal 2025 third-quarter NAV per share fell to $7.25, down from $7.84 in the previous quarter. PSEC was downgraded to junk status by both S&P and Moody's. Both agencies cited rising payment-in-kind (PIK) interest payments and declining credit quality as core issues. |
seekingalpha.com |
2025-05-10 12:57:16 |
Czytaj oryginał (ang.) |
| Prospect Capital Corporation (PSEC) Q3 2025 Earnings Call Transcript |
Prospect Capital Corporation (NASDAQ:PSEC ) Q3 2025 Earnings Conference Call May 9, 2025 9:00 AM ET Company Participants John Francis Barry - Chairman of the Board & Chief Executive Officer Michael Grier Eliasek - President and Chief Operating Officer Kristin Van Dask - Chief Financial Officer, Treasurer, Secretary, and Chief Compliance Officer Conference Call Participants Finian O'Shea - Wells Fargo Operator Good day and welcome to the Prospect Capital Third Fiscal Quarter Earnings Release and Conference Call. All participants will be in a listen-only mode. |
seekingalpha.com |
2025-05-09 16:37:05 |
Czytaj oryginał (ang.) |
| Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry |
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions' 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City"). |
globenewswire.com |
2025-05-09 13:17:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Announces Financial Results for Fiscal March 2025 Quarter |
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended March 31, 2025. |
globenewswire.com |
2025-05-08 20:03:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Schedules Third Fiscal Quarter Earnings Release and Conference Call |
NEW YORK, May 06, 2025 (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 March 31, 2025 on Thursday, May 8, 2025. The Company also expects to issue its earnings press release on Thursday, May 8, 2025, after the close of the markets. |
globenewswire.com |
2025-05-06 20:10:00 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: BDCs Are Taking Advantage Of Wider Spreads |
We take a look at the action in business development companies through the fourth week of April and highlight some of the key themes we are watching. BDCs saw a 3% total return last week, with the median valuation improving from a 20% to a 10% discount. Rising credit spreads present both challenges and opportunities for BDCs, enabling them to reinvest at wider spreads due to high portfolio turnover. |
seekingalpha.com |
2025-05-03 03:44:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 3.706% Notes due 2026 |
NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced the results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated April 9, 2025 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer, and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”). |
globenewswire.com |
2025-04-18 12:30:00 |
Czytaj oryginał (ang.) |
| Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid |
BDCs have gone through a notable repricing. Some of them are trading now at a deep discount territory. These deep discounts enhance the risk to reward ratios, especially for those that have been unfairly punished. |
seekingalpha.com |
2025-04-17 13:15:00 |
Czytaj oryginał (ang.) |
| QC Holdings, Inc. to be Acquired by Prospect Capital Corporation |
NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- A portfolio company of Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC) and QC Holdings, Inc. (“QC Holdings” or the “Company”) (OTCPK:QCCO) today announced they have entered into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the “Merger”). |
globenewswire.com |
2025-04-11 12:30:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Corporation Announces Launch of Cash Tender Offer For Any and All of its Outstanding 3.706% Notes due 2026 |
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on April 17, 2025, or any other date and time to which the Company extends the Tender Offer (such date and time, as it may or may not be extended, the “Expiration Time”). The Tender Offer is made pursuant to an Offer to Purchase dated today and related notice of guaranteed delivery, which set forth the terms and conditions of the Tender Offer. |
globenewswire.com |
2025-04-09 12:33:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Corporation Hosting Upcoming Webinar: “Medium Term Notes – Senior Position and Attractive Income” |
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) is pleased to host an upcoming webinar for financial professionals titled “Medium Term Notes – Senior Position and Attractive Income”. The webinar will provide attendees an overview of senior unsecured bonds, medium term notes, and how a portfolio can benefit from programmatic bonds through attractive contractual cash income streams, optionality across sizes and maturities, and a laddered approach to building a bond portfolio. Please join us for the presentation on April 14, 2025 at 1:00pm ET . Registration is available here. This webinar is accepted for 1 CFP® / IWI / CFA CE Credit. |
globenewswire.com |
2025-04-09 11:00:00 |
Czytaj oryginał (ang.) |
| Prospect Capital's Credit Ratings Reaffirmed Investment Grade by Egan-Jones Ratings Company |
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect", “our”, or “we”) today announced that Egan-Jones Ratings Company ("Egan-Jones") has reaffirmed Prospect's investment grade issuer and institutional notes credit ratings at BBB, and preferred stock credit ratings at BBB-. |
globenewswire.com |
2025-04-03 11:01:00 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: PSEC Gets More Bad Press |
We take a look at the action in business development companies through the third week of March and highlight some of the key themes we are watching. BDCs saw a 2% total return this week, but March is shaping up to be the worst month since late 2023. A recent Bloomberg article discussed PSEC culture and outsider status. |
seekingalpha.com |
2025-03-30 07:37:56 |
Czytaj oryginał (ang.) |
| Prospect Capital's Credit Ratings Reaffirmed Investment Grade by Morningstar DBRS with Stable Trend |
NEW YORK, March 28, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect", “our”, or “we”) today announced that Morningstar DBRS ("DBRS") has reaffirmed Prospect's investment grade issuer and long term senior debt credit ratings at BBB(low), and assigned a revised trend of Stable. |
globenewswire.com |
2025-03-28 09:01:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Repays March 2025 Bond and Achieves Track Record of $4.7 Billion in Cumulative Principal Bond Repayments During More Than 20 Year History |
NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced the full and timely repayment of our convertible bond due March 2025, marking another milestone in Prospect's long-standing track record of responsible and low debt leverage balance sheet management. |
globenewswire.com |
2025-03-25 09:01:00 |
Czytaj oryginał (ang.) |
| Buy 4 Ideal 'Safer' February Dividends, Out Of 40 Choices From Readers |
Since May 2017, reader-selected dividend-paying stocks have been featured, with valuable reader feedback improving accuracy and direction. My Dogs of The Week portfolios are available for Dividend Dogcatcher subscribers, with detailed summaries and reference guides listed by date. I prioritize stocks whose dividends from $1K invested exceed their single share price, categorizing them as "cash rich" or "cash poor". |
seekingalpha.com |
2025-03-20 13:15:06 |
Czytaj oryginał (ang.) |
| R-V Industries' to Participate in Several Upcoming Industry Events |
HONEY BROOK, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- R-V will be participating in several upcoming industry events. Ackley, Beta Star, Genesis, and R.W. Hartnett will be exhibitors at the Interphex trade show April 1-3 in New York City. Ackley and R.W. Hartnett will be exhibiting at the CPHI show October 28-30 in Frankfurt, Germany. Having four of its brands at the world's biggest pharma-centric trade shows demonstrates R-V's emergence as a significant player across the pharmaceutical landscape and is indicative of a company-wide commitment to manufacturing excellence, regardless of the industry. |
globenewswire.com |
2025-03-19 09:01:00 |
Czytaj oryginał (ang.) |
| Prospect Capital: Deteriorating NAV And Vulnerable To Higher Rates (Rating Downgrade) |
Prospect Capital's portfolio continues to show weakness in a high interest rate environment, leading to a 23% price drop over the last year and a slight dividend reduction. Despite a high dividend yield of 13%, PSEC's total return is negative, and it trades at a significant discount to NAV due to underlying weaknesses. PSEC's earnings have declined, with net investment income at its lowest levels since 2021 and NAV decreasing by 12.1% over the past year. |
seekingalpha.com |
2025-02-12 09:47:01 |
Czytaj oryginał (ang.) |
| Prospect Capital Corporation (PSEC) Q2 2025 Earnings Call Transcript |
Prospect Capital Corporation (NASDAQ:PSEC ) Q2 2025 Results Conference Call February 11, 2025 9:00 AM ET Company Participants John Barry - Chairman and Chief Executive Officer Grier Eliasek - President and Chief Operating Officer Kristin Van Dask - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Operator Hello, and welcome to the Prospect Capital Second Fiscal Quarter Earnings Release and Conference Call. All participants will be in a listen-only mode. |
seekingalpha.com |
2025-02-11 12:35:01 |
Czytaj oryginał (ang.) |
| Prospect Capital Announces Financial Results for Fiscal December 2024 Quarter |
NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended December 31, 2024. |
globenewswire.com |
2025-02-10 18:01:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Schedules Second Fiscal Quarter Earnings Release and Conference Call |
NEW YORK, Feb. 03, 2025 (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 December 31, 2024 on Monday, February 10, 2025. The Company also expects to issue its earnings press release on Monday, February 10, 2025, after the close of the markets. |
globenewswire.com |
2025-02-03 19:00:00 |
Czytaj oryginał (ang.) |
| 5 BDC Investment Criteria And 3 Picks I'd Recommend For Retirees |
As a BDC bull, I've to admit that most BDCs are not good enough for being included in a durable retirement/passive income portfolio. In the article I share 5 specific criteria that we have to comply with to minimize dividend cut risk. I also share 3 concrete BDC picks, which I could easily see being included in the retirement income mix. |
seekingalpha.com |
2025-01-31 11:15:00 |
Czytaj oryginał (ang.) |
| Prospect Capital Corporation Makes $65 Million Investment in Taos Footwear |
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. |
globenewswire.com |
2025-01-31 09:01:00 |
Czytaj oryginał (ang.) |
| Prospect Capital: 8.9% On Bonds With Heavy Insider Buys |
Prospect Capital's common shares remain stagnant post-dividend cut, while preferred shares have tumbled. S&P downgraded PSEC's credit rating to junk due to portfolio turbulence and liquidity pressures, impacting its ability to raise equity funding. Insider buying in PSEC has been extremely strong. |
seekingalpha.com |
2025-01-28 12:00:00 |
Czytaj oryginał (ang.) |
| Investors Can Grab Incredible Passive Income From 5 Stocks Trading at $5 or Less |
While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. |
247wallst.com |
2025-01-24 17:14:01 |
Czytaj oryginał (ang.) |
| Why BDCs Will Likely Outperform In 2025 |
The BDC sector had a lackluster H2 of 2024 after being on a strong run from 2022 to mid 2024. However, recently there has been some great news for BDCs to start 2025. We share our approach to BDCs right now. |
seekingalpha.com |
2025-01-17 10:42:07 |
Czytaj oryginał (ang.) |
| Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks |
Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence. |
247wallst.com |
2024-12-20 10:18:17 |
Czytaj oryginał (ang.) |
| NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust Offering |
ATLANTA , Dec. 19, 2024 /PRNewswire/ -- NEWSTAR Exchange, a subsidiary of NEWSTAR, announced today that it has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte, North Carolina, and launched a new Delaware Statutory Trust offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031. The property was developed by NEWSTAR and features 44, 4-bedroom detached homes with two-car attached garages. |
prnewswire.com |
2024-12-19 19:14:00 |
Czytaj oryginał (ang.) |
| 4 Ultra-High-Yield Stocks Will Pay a Landslide of Monthly Dividends |
Investors are drawn to dividend stocks, particularly the ultra-high-yield variety. |
247wallst.com |
2024-12-16 18:27:40 |
Czytaj oryginał (ang.) |
| Prospect Capital: Still Steering Clear For Now (Rating Upgrade) |
Prospect Capital's declining NAV and high concentration in a few large investments, like National Property REIT Corp., pose significant risks to stock performance. The shift towards higher-quality debt assets, especially first lien senior secured debt, is a positive development that could reduce portfolio risk over time. The recent dividend cut aligns payouts with net investment income, improving dividend sustainability despite a high percentage of payment-in-kind income. |
seekingalpha.com |
2024-12-14 03:35:32 |
Czytaj oryginał (ang.) |
| KBW Announces Index Rebalancing for Fourth-Quarter 2024 |
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024. |
globenewswire.com |
2024-12-13 22:30:00 |
Czytaj oryginał (ang.) |
| Bargains Galore? 3 Stocks With Insider Buying in the Millions |
It's widely believed that insiders know how well a company is operating. Therefore, when insiders are actively buying their stock, it is assumed they must know something that's motivating them to buy shares. |
marketbeat.com |
2024-12-10 10:00:20 |
Czytaj oryginał (ang.) |
| Prospect Capital Corporation Hosting Upcoming Webinar: “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class” |
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) is pleased to host an upcoming webinar for financial professionals titled “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class”. The webinar will provide attendees an overview of the preferred stock asset class and what makes such asset class different than other fixed income investments. Please join us for the presentation on December 12, 2024, at 2:00pm ET . Registration is available here. This webinar is accepted for 1 CFP® / IWI / CFA CE Credit. |
globenewswire.com |
2024-12-09 16:46:00 |
Czytaj oryginał (ang.) |
| 5 Stocks Trading Near $5 That Pay Massive Double-Digit Ultra-High-Yield Dividends |
Key Points Low-priced stocks allow investors to buy more shares. |
247wallst.com |
2024-11-30 09:20:53 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Key Q3 Earnings Trends |
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt. |
seekingalpha.com |
2024-11-30 08:54:26 |
Czytaj oryginał (ang.) |
| National Property REIT Corp. Exits Arlington Park Investment with 2.4 Times Cash on Cash Return |
NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Arlington Park (“Arlington”) multifamily residential property in Marietta, Georgia, for $20.0 million, achieving a 2.4 times cash on cash return on the investment. |
globenewswire.com |
2024-11-25 09:01:00 |
Czytaj oryginał (ang.) |
| Struggling Cosmetics Giant and Asset Manager See Huge Insider Buying |
24/7 Wall St. Insights The past week brought some huge insider share purchases. |
247wallst.com |
2024-11-24 10:45:01 |
Czytaj oryginał (ang.) |
| Priority Income Fund Announces Redemption of its 6.250% Series G Term Preferred Stock Due 2026 |
NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.250% Series G Term Preferred Stock Due 2026 (CUSIP: 74274W 814; NYSE: PRIF PRG) (the “Series G Preferred Shares”) at a price of $25 per Series G Preferred Share, plus accrued but unpaid dividends per Series G Preferred Share from September 30, 2024, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be December 23, 2024 (the “Redemption Date”). |
globenewswire.com |
2024-11-22 19:17:00 |
Czytaj oryginał (ang.) |
| Want $3,000 per Year in Passive Income Paid Monthly? Invest Just $2,500 in These Dividend Stocks |
Key Points Passive income is a steady stream of unearned income that doesn't require active traditional work. |
247wallst.com |
2024-11-21 09:13:26 |
Czytaj oryginał (ang.) |
| National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return |
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. |
globenewswire.com |
2024-11-21 09:01:00 |
Czytaj oryginał (ang.) |
| Ultra-High-Yield Wake-Up Call: 4 Monthly Dividend Stocks Yielding as Much as 14.5% |
Key Points As expected, the Federal Reserve lowered interest rates by 25 basis points. |
247wallst.com |
2024-11-18 11:17:09 |
Czytaj oryginał (ang.) |
| 3 Ultra-High Dividend Yield Stocks for the New Year |
Amid a major political shift in the United States, investors may understandably be uncertain about how to distribute their assets. Some anticipate a new administration to be a boon for stocks thanks to loosened regulations and the potential for lower corporate taxes. |
marketbeat.com |
2024-11-18 10:58:10 |
Czytaj oryginał (ang.) |
| Prospect Capital: Out Of The Woods Or Back To The Woodshed? |
Prospect Capital Corporation's recent 25% dividend cut, despite previous ample coverage, raises concerns about future dividend reliability amid high interest rates and NAV erosion. PSEC's low leverage and strong liquidity position, with a 0.44x leverage level and $1.5 billion in liquidity, are positive aspects. The stock trades at a significant 47% discount to NAV, reflecting investor concerns and recent dividend cut impacts. |
seekingalpha.com |
2024-11-16 09:00:00 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Tax-Loss Season Is Approaching |
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end. |
seekingalpha.com |
2024-11-16 03:50:34 |
Czytaj oryginał (ang.) |
| Prospect Capital: Why I Am Buying The 25% Dividend Cut |
Prospect Capital's 25% dividend cut, the first since 2017, shocked the market, causing a 15% stock plunge, but still offers a 12% yield. The dividend cut stems from a strategic shift to focus on higher-quality, secured loans, enhancing long-term return potential and portfolio quality. Despite the cut, Prospect Capital's low non-accrual ratio and excessive NAV discount present a compelling risk/reward opportunity for high-risk-tolerant investors. |
seekingalpha.com |
2024-11-12 20:09:25 |
Czytaj oryginał (ang.) |
| Prospect Capital Management Partners with iCapital to Expand Investment Advisor Access to Closed End Fund (CEF) and Business Development Company (BDC) Opportunities |
NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”, “our”, or “we”) announced today a strategic partnership with iCapital, the global fintech platform driving access to alternative investments for the asset and wealth management industries. This partnership allows financial advisors to access Prospect's institutional quality CEF and BDC opportunities managed by Prospect and its affiliates, and now available on iCapital Marketplace. |
globenewswire.com |
2024-11-12 09:01:00 |
Czytaj oryginał (ang.) |