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Dec 31, 2020
Prospect Capital Q2 2021 Earnings Report
Reported net investment income of $0.21 per common share, a 7% increase in net asset value per common share, and declared stable monthly cash common and preferred share distributions.
Key Takeaways
Prospect Capital Corporation announced its financial results for the fiscal quarter ended December 31, 2020, reporting a net investment income of $0.21 per common share and a 7% increase in net asset value per common share. The company also declared stable monthly cash common and preferred share distributions.
Net Investment Income (NII) was $81,561,000.
NII per Common Share was $0.21.
Net Asset Value (NAV) per Common Share increased to $8.96.
The company declared monthly cash distributions to common shareholders of $0.06 per share for February, March, and April 2021.
Revenue by Segment
Forward Guidance
Prospect Capital aims to enhance NII per share growth through several initiatives. These include the perpetual preferred equity programs, greater utilization of its revolving credit facility, retirement of higher cost liabilities, issuing lower cost notes and increased originations in senior secured debt and selected equity investments.
Positive Outlook
- Targeted $1.25 billion perpetual preferred equity programs
- Greater utilization of cost efficient revolving credit facility
- Retirement of higher cost liabilities
- Issuing lower cost notes
- Increased originations in senior secured debt and selected equity investments
Historical Earnings Impact
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Avg. Return Before/After Earnings
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