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Sep 30, 2020
Prospect Capital Q1 2021 Earnings Report
Prospect Capital reported financial results for the quarter ended September 30, 2020, declared 39th, 40th, and 41st consecutive $0.06 per common share monthly cash distributions, declared 1st monthly cash preferred share distribution, and announced a 3% increase in net asset value per common share.
Key Takeaways
Prospect Capital Corporation announced financial results for the fiscal quarter ended September 30, 2020, reporting a net investment income of $57.545 million, net income of $167.746 million, and a net asset value per common share of $8.40.
Net investment income was $57.545 million.
Net income was $167.746 million.
NAV per common share at period end was $8.40.
The company declared distributions to common shareholders for November 2020, December 2020 and January 2021 of $0.06 per share.
Revenue by Segment
Forward Guidance
Prospect expects to declare February 2021, March 2021, and April 2021 distributions to common shareholders in February 2021.
Positive Outlook
- Targeted $1 billion perpetual preferred equity program.
- Greater utilization of cost efficient revolving credit facility.
- Retirement of higher cost liabilities.
- Increased originations in senior secured debt and selected equity investments.
- Deployment of available capital from underleveraged balance sheet.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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