Prospect Capital Q1 NII $0.22/share; NAV drops to $10.01 on unrealized losses

PROSPECT CAPITAL CORP

2023-Q1 EPS reported -$0.27

Net investment income $99.3M ($0.22/share); total investment income $202.7M (+20% YoY).
Net loss applicable to common $105.2M ($0.27/share) due to $168.5M unrealized losses; NAV fell to $10.01 from $10.48.
Common distribution maintained at $0.06/month; since Oct 2017 NII $3.97 vs distributions $3.60 per share.
Credit facility extended to Sep 2026; upsized to $1.68B; pricing SOFR+2.05%.
Perpetual preferred issued $1.0B to date; $288M in Sep, $163M in Dec quarter.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROSPECT CAPITAL CORP reported fiscal quarter ended September 30, 2022 results: net income $(105,199), EPS $(0.27).

Period: fiscal quarter ended September 30, 2022
Net income: $(105,199)
EPS: $(0.27)
Result: reported results

Exact text from the filing

Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2022.

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PROSPECT CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001287032-22-000376

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