Prospect Capital Announces June 2022 Results: $0.21 per Common Share Basic Net Investment Income and Stable Monthly $0.06 per Common Share Distributions
NEW YORK, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC ) ("Prospect", "our", or "we") today announced financial results for our fiscal quarter and year ended June 30, 2022. FINANCIAL RESULTS All amounts in $000''s except p er share amounts (on weighted average basis for period numbers) Quarter Ended Quarter Ended Quarter Ended June 30, 2022 March 31, 2022 June 30, 2021 Net Investment Income ("NII") $89,969 $87,005 $73,229 Basic NII per Common Share (1) $0.21 $0.20 $0.19 Interest as % of Total Investment Income 83.3% 78.5% 87.5% Net (Loss) Income Applicable to Common Stockholders $(56,643) $157,157 $242,421 Basic Net (Loss) Income per Common Share (2) $(0.14) $0.40 $0.62 Distributions to Common Shareholders $70,672 $70,439 $69,857 Distributions per Common Share $0.18 $0.18 $0.18 Since Oct 2017 Basic NII per Common Share (1) $3.75 $3.54 $2.93 Since Oct 2017 Distributions per Common Share $3.42 $3.24 $2.70 Since Oct 2017 Basic NII Less Distributions per Common Share $0.33 $0.30 $0.23 Net Asset Value ("NAV") to Common Shareholders $4,119,123 $4,236,011 $3,808,477 NAV per Common Share $10.48 $10.81 $9.81 Net of Cash Debt to Equity Ratio ( 3 ) 56.8% 53.9% 55.9% Net of Cash Asset Coverage of Debt Ratio (3) 275% 284% 277% Unsecured Debt as % of Total Debt 69.7% 73.3% 84.3% Unsecured and Non-Recourse Debt as % of Total Debt 100.0% 100.0% 100.0% (1) Basic NII is calculated by dividing NII, less preferred dividends, by the weighted average number of common shares outstanding. (2) Basic Net (Loss) Income is calculated by dividing Net (Loss) Income by the weighted average number of common shares outstanding. (3) Including our preferred stock as equity.
Prospect Capital Announces June 2022 Results: $0.21 per Common Share Basic Net Investment Income and Stable Monthly $0.06 per Common Share Distributions
NEW YORK, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC ) ("Prospect", "our", or "we") today announced financial results for our fiscal quarter and year ended June 30, 2022. FINANCIAL RESULTS All amounts in $000''s except p er share amounts (on weighted average basis for period numbers) Quarter Ended Quarter Ended Quarter Ended June 30, 2022 March 31, 2022 June 30, 2021 Net Investment Income ("NII") $89,969 $87,005 $73,229 Basic NII per Common Share (1) $0.21 $0.20 $0.19 Interest as % of Total Investment Income 83.3% 78.5% 87.5% Net (Loss) Income Applicable to Common Stockholders $(56,643) $157,157 $242,421 Basic Net (Loss) Income per Common Share (2) $(0.14) $0.40 $0.62 Distributions to Common Shareholders $70,672 $70,439 $69,857 Distributions per Common Share $0.18 $0.18 $0.18 Since Oct 2017 Basic NII per Common Share (1) $3.75 $3.54 $2.93 Since Oct 2017 Distributions per Common Share $3.42 $3.24 $2.70 Since Oct 2017 Basic NII Less Distributions per Common Share $0.33 $0.30 $0.23 Net Asset Value ("NAV") to Common Shareholders $4,119,123 $4,236,011 $3,808,477 NAV per Common Share $10.48 $10.81 $9.81 Net of Cash Debt to Equity Ratio ( 3 ) 56.8% 53.9% 55.9% Net of Cash Asset Coverage of Debt Ratio (3) 275% 284% 277% Unsecured Debt as % of Total Debt 69.7% 73.3% 84.3% Unsecured and Non-Recourse Debt as % of Total Debt 100.0% 100.0% 100.0% (1) Basic NII is calculated by dividing NII, less preferred dividends, by the weighted average number of common shares outstanding. (2) Basic Net (Loss) Income is calculated by dividing Net (Loss) Income by the weighted average number of common shares outstanding. (3) Including our preferred stock as equity.