NEW YORK, Feb. 03, 2025 (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-Q containing results for the fiscal quarter ended December 31, 2024 on Monday, February 10, 2025. The Company also expects to issue its earnings press release on Monday, February 10, 2025, after the close of the markets. The Company will host a conference call on Tuesday, February 11, 2025 at ...

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) ("Prospect") has provided a first lien senior secured term loan, a first lien senior secured convertible term loan, and a preferred equity investment to Taos Footwear Holdings, LLC ("Taos Footwear" or "Company"), aggregating $65 million, in collaboration with Taos Footwear's founder and leadership team. Taos Footwear is a leading, innovative footwear brand providing customers with stylish and supportive footwear products. ...

Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.We wrote about Prospect Capital Corporation (NASDAQ: PSEC ) about 3 months back. In that article, we also opined about the preferred shares, Prospect Capital Corporation 5.35% CUM PFD A (NYSE: PSEC.PR.A ). Our key takeawa ...

Acquisition and Offering - NEWSTAR Exchange acquired Hadley Crossing, a single-family rental subdivision in Charlotte, North Carolina, developed by Stella Homes [1] - The property features 44 detached homes with 4 bedrooms, two-car attached garages, and high-end finishes such as Hardiplank facades, Quartz countertops, and stainless steel appliances [2] - NEWSTAR Exchange launched a new Delaware Statutory Trust (DST) offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031 [1] Financial and Market Performance - Hadley Crossing reached stabilization within less than 8 months, achieving the 3 highest build-to-rent rental rates in the Charlotte market [3] - The average household income in the area exceeds $200,000 [3] - The DST offering seeks to raise approximately $14 million in equity from accredited investors and is financed with a first mortgage through Fannie Mae, offering 43% leverage to investors [3] Company Background - NEWSTAR Exchange is a subsidiary of NEWSTAR, investing in and managing Class A single-family built-to-rent residential communities in the US Sun Belt [4] - The company sponsors Delaware Statutory Trusts and brings high-quality assets to market through a rigorous due diligence process [4] - NEWSTAR Exchange has successfully closed out three DST programs, raising more than $50 million in equity in partnership with Preferred Capital Securities [3] Partnership and Distribution - Preferred Capital Securities (PCS) is the managing broker-dealer for NEWSTAR Exchange’s DST offering [3] - PCS has a track record of raising over $5 billion in retail capital across 16 offerings and issuing approximately $1 billion in liquidity for investors since its inception in 2011 [5] - The offering is distributed by PCS in accordance with Rule 506(c) of Regulation D of the Securities Act [3]

Group 1 - The core concern for Prospect Capital Corporation (NASDAQ: PSEC) remains the declining net asset value (NAV) per share, which has continued to drop over the past 18 months [1] - The company has substantial exposure to a few large investments, which poses concentration risks [1]

NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Arlington Park (“Arlington”) multifamily residential property in Marietta, Georgia, for $20.0 million, achieving a 2.4 times cash on cash return on the investment. Since inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties (representing 32,073 multifamily units), 12 self-storage properties, 8 student housing properties, 4 seno ...

NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.250% Series G Term Preferred Stock Due 2026 (CUSIP: 74274W 814; NYSE: PRIF PRG) (the “Series G Preferred Shares”) at a price of $25 per Series G Preferred Share, plus accrued but unpaid dividends per Series G Preferred Share from September 30, 2024, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date ...

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Dylan at Grayson (“Dylan”) multifamily residential property in Grayson, Georgia, for $56.7 million, achieving a 1.7 times cash on cash return on the investment acquired in December 2020. Since inception, NPRC has invested in 110 real estate properties, including 83 multifamily residential apartment properties (representing 32,073 multifamily units), 12 self-storage properties, 8 student hou ...

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced today that Grier Eliasek, President and Chief Operating Officer is scheduled to participate at the Markets Group Private Credit Conference. Mr. Eliasek is planned to present on the panel “New Ways to Counter Today’s Headwinds with Opportunistic and Niche Credit Strategies” on Wednesday, December 4, 2024, at 10:10am. About Prospect Capital Corporation Prospect is a business development company lendi ...

Prospect Capital Announces Financial Results for Fiscal September 2024 Quarter NEW YORK, November 8, 2024 (GLOBE NEWSWIRE) – Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect", "our", or "we") today announced financial results for our fiscal quarter ended September 30, 2024. "We are rightsizing our common shareholder distribution rate as we continue to execute our long-term income and total return strategy by rotating structured credit CLO equity and real estate investments into our core business of fi ...