Prospect Capital Corporation (PSEC) continues to struggle with declining net asset value (NAV) and a negative trend in investment activity. The stock trades at a steep 61.82% discount to NAV and offers an 18.2% yield, but the risks outweigh the income benefits. Both net and total investment incomes have dropped year-over-year, and dividend payouts have been cut again. Due to ongoing NAV erosion, limited growth prospects, and an unfavorable risk/reward balance, a sell rating is maintained on PSEC.
Priority Income Fund announced distributions for its Series D, Series K, and Series L preferred stocks, with payments scheduled for June 30, 2026. The distributions will be treated first as taxable income from the prior year, then from the current ye...
Priority Income Fund, Inc. announced that its Board of Directors has declared distributions for June 2026 on its 7.00% Series D Term Preferred Stock, 7.00% Series K Cumulative Preferred Stock, and 6.375% Series L Term Preferred Stock. The distributio...
Prospect Capital Corporation held its special stockholder meeting on June 9, 2026, but adjourned it to June 23, 2026, to allow more time to solicit votes on proposals detailed in their proxy statement. The meeting was conducted virtually, and the com...
