Prospect Capital Co.

Prospect Capital posted net investment income of $78 million ($0.15 per share) and NAV of $5.71 per share for the quarter, and declared $0.035 monthly distributions for September and October. The company closed the $328 million sale of Valley Electric, realizing a 20.5% annualized gross IRR and a 4.8x multiple on invested capital. Quarterly originations were $166 million with $120 million net originations, concentrated in middle-market first-lien senior secured loans; nonaccruals were 0.7% of assets. Management plans to redeploy real estate-sale proceeds into first-lien loans and pursue AI and automation initiatives expected to deliver material cash-flow benefits. » Altro su finance.yahoo.com

Prospect Capital Corporation agreed to sell portfolio company Valley Electric to MYR Group for approximately $328 million, with the transaction expected to close around July 1, 2026. After adjustments and earn-outs, Prospect expects net exit proceeds of about $280 million. Including prior interest, dividends and cash flows since the 2012 investment, the sale yields a 20.4% annualized return and nearly five times the original capital; Valley Electric grew revenues 289% under Prospect's ownership. » Altro su finance.yahoo.com

Prospect Capital pays a $0.045 monthly distribution (≈20.1% yield) that is currently covered by net investment income about 1.4x. Management has shifted 71% of the portfolio at cost into first‑lien senior secured middle‑market loans, cutting non‑accruals to 0.7% and reducing leverage and liabilities. NAV fell 20.8% year‑over‑year to $6.21 due to realized losses and a smaller portfolio, so the payout appears sustainable near term but capital appreciation is unlikely. » Altro su finance.yahoo.com

Prospect Capital has postponed the annual general meeting originally planned for early January to January 15, 2026, at 4:00 p.m. ET and will hold the meeting virtually. The company cited the need for additional time to solicit shareholder votes on the proposals listed in the proxy materials dated September 18, 2025. As of the record date of September 17, 2025, 465,087,009 common shares were outstanding; the stock trades at $2.75 and has fallen 24.34% over the past year. According to data, Prospect Capital has a dividend yield of 19.93% but was not profitable in the last twelve months, with a price-to-earnings ratio of -3.31. » Altro su de.investing.com

Prospect Capital shares hit a new 52-week low of $2.45; the stock is down 31.5% over 12 months and -32.3% year-to-date. The company reported a 17.16% decline in revenue and a negative earnings per share of -$0.85, but shows a high dividend yield of 21.51%. For Q1 2025 Prospect Capital beat EPS expectations with $0.17 versus the expected $0.11, while slightly missing revenue estimates; the annual general meeting was postponed to January 8, 2026. » Altro su de.investing.com