Prospect Capital Q3 2020 Earnings Report
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.
Prospect Capital
Prospect Capital
Prospect Capital Revenue by Segment
Forward Guidance
Prospect expects to declare September 2020 and October 2020 distributions in August 2020.