Financial Results - Prospect Capital Corporation reported a net investment income (NII) of 86,431,000forthequarterendedDecember31,2024,downfrom96,927,000 in the same quarter of the previous year, representing a decrease of 10.5% [2] - The NII per common share was 0.20,comparedto0.24 for the same quarter last year [2] - The net income applicable to common shareholders was a loss of 30,993,000,animprovementfromalossof51,436,000 in the prior year [2] - Total assets decreased to 7,234,855,000from7,781,214,000 year-over-year [2] - The net asset value (NAV) per common share was 7.84,downfrom8.92 a year ago [2][34] Distributions - The company declared monthly cash distributions of 0.0450pershareforFebruary,March,andApril2025[5]−Cumulativepaidanddeclareddistributionstocommonshareholdersreached4,445,060,000, equating to 21.39pershare,whichis2.7timestheNAVpershareasofDecember2024[6]InvestmentActivity−Prospecthasinvestedover21 billion across more than 400 investments since its inception, with over 300 exits [7] - Recent investments include a 65millionloantoTaosFootwearHoldings,LLC,focusingonfirstlienseniorsecuredloans[9]−TheinvestmentportfolioasofDecember31,2024,included114portfoliocompaniesacross33industries,withfirstliendebtcomprising64.92.1 billion revolving credit facility and various debt instruments [18] - As of December 31, 2024, the net of cash debt to total assets ratio was 28.1%, and the net of cash debt to equity ratio was 39.8% [21] - The weighted average cost of unsecured debt financing was 4.49%, reflecting an increase from the previous year [24] Management and Ownership - Senior management and employees own 28.7% of all common shares outstanding, valued at approximately $1.0 billion based on NAV [13]
Prospect Capital(PSEC) Newsfilter·2025-02-10 21:01