secwatch.observer — SEC 8-K summary
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Issuer:     PROSPECT CAPITAL CORP (PSEC)
CIK:        0001287032
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001287032-24-000411
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prospect Capital reports Q1 FY2025 net loss; cuts monthly common dividend to $0.045
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- Net investment income per share $0.21, down from $0.31 YoY; net loss applicable to common shareholders of $165M.
- NAV per share fell to $8.10 from $9.25 YoY, a decline of 12.4%.
- Common dividend reduced to $0.045/month from $0.06 (annualized from $0.72 to $0.54, a 25% cut).
- First lien loans increased to 64.9% of portfolio (up from 57.3% YoY) as part of rotation away from CLO equity and real estate.
- Non-accrual loans rose to 0.5% of total assets from 0.2% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287032/000128703224000411/0001287032-24-000411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287032/000128703224000411/psec-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001287032-24-000411

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer