Recent Updates — PSEC-PA
Prospect Capital Corporation reported fiscal year results ending June 30, 2026, with Net Investment Income of $326.4 million and a net loss applicable to common shareholders of $29.8 million for the year. The company declared monthly cash distributions of $0.035 per common share for September and October 2026, with record dates on September 28 and October 28, respectively. Dividends were also declared for multiple preferred stock series: 7.50% Preferred Stock at $0.15625 per share; Floating Rate Preferred Stock at $0.135417 per share; 5.50% Preferred Stock at $0.114583 per share; 6.50% Preferred Stock at $0.135417 per share; and 5.35% Preferred Stock at $0.334375 per share for the August-October quarter. Prospect closed the sale of portfolio company Valley Electric for approximately $328 million on July 1, 2026. The company operates in the business development industry, primarily lending to and investing in middle-market privately-held companies.
On July 7, 2026, stockholders approved a proposal renewing the Board of Directors' authorization to sell common stock at prices below the company's current net asset value (NAV) per share for the next 12 months. This authorization is subject to conditions, including a limit where shares sold on any single date cannot exceed 25% of the outstanding common stock immediately prior to the sale. The proposal passed with 277,640,199 votes in favor and 63,873,735 against. Prospect Capital Corporation is a business development company that invests in middle-market companies.