Prospect Capital

May 11, 2020

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Mar 31, 2020

Prospect Capital Q3 2020 Earnings Report

Prospect Capital's financial performance for the quarter ending March 31, 2020, was announced, revealing a net investment income of $68.5 million, but a net loss of $(185.7) million due to unrealized depreciation from macroeconomic conditions.

Key Takeaways

Prospect Capital Corporation reported a net investment income of $68.5 million, or $0.19 per share, for the quarter ended March 31, 2020. However, the company experienced a net loss of $(185.7) million, or $(0.51) per share, primarily due to unrealized depreciation resulting from macroeconomic conditions. The net asset value per share decreased by $0.68 to $7.98. The company maintained its distribution rate of $0.06 per share per month and declared distributions for May, June, July and August 2020.

Net investment income for the quarter was $68.5 million, or $0.19 per share.

Net loss for the quarter was $(185.7) million, or $(0.51) per share, due to unrealized depreciation.

NAV per share decreased by $0.68 to $7.98.

Distributions to shareholders were maintained at $0.06 per share per month.