PSEC

Prospect Capital Corporation continues to underperform, with a 20% stock decline and ongoing financial deterioration despite management's portfolio restructuring. PSEC's 18%+ yield and 60% NAV discount are outweighed by persistent NAV erosion, declining investment income, and shrinking portfolio value. Net investment income and liquidity remain adequate, but high PIK income and sector headwinds signal elevated risk and potential for a reverse stock split.

Prospect Capital reported Q4'26 NII of $0.15 per share, beating estimates, but faced portfolio contraction and declining net investment income vs. last year. PSEC's dividend cut to $0.035 per share improved dividend coverage to over 130% in Q4, with stable asset quality evidenced by a 0.7% non-accrual percentage. The portfolio shift toward 72.5% first lien loans enhances quality, potentially easing concerns over recent NAV declines and dividend cuts.

Prospect Capital Corporation (PSEC) Q4 2026 Earnings Call Transcript

Prospect Capital NASDAQ: PSEC reported net investment income of $78 million, or $0.15 per common share, for the June quarter, matching the prior quarter, Chairman and Chief Executive Officer John Barry said during the company's first-quarter 2026 earnings call.

NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Prospect Enhanced Yield Fund (the “Fund”) proudly completed its first year of operations on August 6, 2026. The Fund returned 7.61% over the trailing 12-months since inception1, 257bps ahead of the 5.04% average trailing 12-month total return of the Eldridge BBB–B CLO ETF (Ticker: CLOZ), Janus Henderson B–BBB CLO ETF (Ticker: JBBB), the ICE BofA BB US High Yield Index, and the Morningstar LSTA US Leveraged Loan Index over the same period.

NEW YORK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter and fiscal year ended June 30, 2026.

NEW YORK, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-K containing results for the fiscal year ended June 30, 2026 and to issue its earnings press release on Thursday, August 20, 2026, after the close of the markets.

NEW YORK, July 27, 2026 (GLOBE NEWSWIRE) -- Prospect Enhanced Yield Fund (“PENF” or the “Fund”) announced today that the Fund's Board of Directors has declared a $0.04775 increase in the monthly cash shareholder distributions for July, August, and September 2026. These distributions represent the 10th, 11th, and 12th monthly distributions paid by the Fund.

NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) and an affiliate have provided a first lien senior secured term loan and an equity-linked investment in ShipOffers (“ShipOffers” or the “Company”), in collaboration with the company's founders and leadership team.

NEW YORK, June 26, 2026 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund's Board of Directors has declared monthly cash common shareholder distributions for June 2026, July 2026, and August 2026.