Prospect Floating Rate and Alternative Income Fund announced a total annualized cash distribution rate of 14.96% based on its net asset value as of March 31, 2026. The Fund declared a monthly base cash distribution of $0.02924 per share and a quarterly bonus distribution of $0.04723 per share, both payable on July 2, 2026 to shareholders of record on June 26, 2026. These distributions are primarily from taxable investment company income and reflect the Fund's focus on floating rate loans to U.S. middle market companies. Investors should note that distributions may include return of capital for tax purposes, but the Fund expects June 2026 distributions to be income-based without return of capital.
Prospect Capital Corporation offers preferred shares with a 5.35% coupon and 7.9% yield, but these trade at a significant discount to net asset value due to concerns over balance sheet and portfolio quality. The preferred shares yield less than the c...
Prospect Capital Corporation held a special meeting of stockholders on June 23, 2026, to consider a proposal detailed in their proxy statement. However, the meeting was adjourned to July 7, 2026, to allow additional time to solicit votes from stockho...
Prospect Capital Corporation (PSEC) is currently trading at a deep 63% discount to its net asset value, near historical lows. Its portfolio is largely senior and secured debt diversified across 31 industries. Despite offering high yields around 8.18%...
