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Jun 30, 2021
Prospect Capital Q4 2021 Earnings Report
Prospect Capital announced its Q4 2021 earnings, featuring a net investment income of $0.19 per share and a 5% increase in net asset value per common share. The company declared stable monthly cash distributions for common and preferred shareholders.
Key Takeaways
Prospect Capital Corporation reported a strong Q4 2021 with net investment income of $73.229 million, equating to $0.19 per common share. Net income attributable to common stockholders was $242.421 million, or $0.62 per share. The company's net asset value (NAV) per common share increased to $9.81. Distributions to common shareholders totaled $69.857 million, or $0.18 per share.
Net Investment Income (NII) for Q4 2021 was $73.229 million ($0.19 per share).
Net income attributable to common stockholders was $242.421 million ($0.62 per share).
Net Asset Value (NAV) per common share increased to $9.81.
The company declared monthly cash distributions of $0.06 per share for September and October 2021.
Prospect Capital
Prospect Capital
Prospect Capital Revenue by Segment
Revenue by Segment
Interest Income Revenue
CapyFin.comDividend Income Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Prospect Capital expects to declare November 2021, December 2021, and January 2022 distributions in November 2021.
Positive Outlook
- Prospect plans to offer $1 billion targeted 5.50% perpetual preferred stock.
- They recently issued $150 million 5.35% listed perpetual preferred stock.
- They intend to increase utilization of their cost-efficient revolving credit facility.
- They plan to retire higher cost liabilities through tender offers and repurchases.
- They aim to issue lower cost notes with coupons of approximately 2.5% to 4.0%.
Challenges Ahead
- Unspecified unknowable future events and conditions are highly likely to affect forward-looking statements.
- Actual developments and results are highly likely to vary materially from any forward-looking statements.
- The company is subject to regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations.
- The company is required to comply with regulatory requirements under the 1940 Act.
- The safe harbor for forward-looking statements does not apply to business development companies.