3. This is only a broad generalization. You can also use emojis as they can increase open rates as well. The problem is that these metrics are short term in nature and dont give you the full picture . Over the medium term, the leverage ratio will rise again and fall into the stated target range. IMPORTANT NOTICE REGARDING YOUR INVESTMENT. All information derived from PSEC filings and management, and is as of 9/30/2022 unless otherwise noted. This is a continuing series of online activities to undertake on your computer or tablet, as well as local in-person events. It even knocked out our email service for about a week. Starting two years ago, we began reducing debt NasdaqGS - NasdaqGS Real Time Price. Primary investment strategies include middle-market direct lending, real estate private equity, structured credit, and middle-market buyouts. On top of that, you get a 9% yield, paid monthly so, what is not to like here? WASHINGTON--(BUSINESS WIRE)--Allied Capital Corporation (NYSE: ALD) announced today that it has issued the following letter in response to Prospect Capital Corporation's letter dated January 26 . increase our NAV, NII, and share price. Prospectus de l'obligation Prospect Capital US74348YAX94 en USD 5.75%, chance 15/11/2032 Le site www.oblible.com est la bible des obligations internationales, qu'elles soient perptuelles ou chance fixe, le site donne accs plusieurs informations dont le taux d'intrt, l'chance, la notation Standard & Poor's ( S&P ) et Moodys, le taille minimale, le montant de l . It is important that you be represented at the Annual Meeting. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Prospect Capital currently has a net asset value -- book value -- of $10.35 per share, substantially below its net asset value per share of $13.67 at the end of its first ever reporting quarter in . Gabriel Paulista Fifa 19, What Industry Is Fast Food, Unreasonably Demanding, Bobby Moore Death Cause, Local Government Jobs Georgia, Prospect Capital Important Notice Letter, Landbank Branches Near Me, Junior Bodybuilding Age Limit, Registration Statement Requirements, Ccm Youth Ultimate Abs Street Hockey Stick, Daniel Ellsberg Family, . BDCs typically make loans that banks can't or won't touch. Template #1. Our articles integrate both top-down and bottom-up research methodologies, drawing upon detailed company-specific financials and macroeconomic analysis. PSEC holds low risk, given its highly diversified nature, and has stellar financial performance, making it a sustainable investment option. Make sure this fits by entering your model number. I believe we now have tools in place to achieve that goal. launched our first public fund, we have weathered stock market Officer To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Prospect invests across a diversified range of industries and companies, primarily in the United States. The fluctuating market conditions have altered investor sentiment, bringing income-generating stocks to the limelight. Chairman and Chief Executive Officer. Document Type: of interest, I will explain why Prospect Capital is not a good investment and why it doesnt deserve to be in your portfolio. I am not receiving compensation for it (other than from Seeking Alpha). Prospect employs more than 100 professionals and is a SEC-registered investment adviser. Document - SEC.gov | HOME 4. Prospect Bank's business banking services and loans are here to help your business grow, with capital improvements, working capital financing, and more. Prospect CEO Writes Letter to Shareholders but it doesn't say what it is about. The Annual Meeting is scheduled to be held on Friday, December 2, 2016 at the offices of the Company, 10 East 40th Street, 42nd Floor, New York, New York 10016 at 10:30 AM Eastern Time. The Notice of Annual Meeting and proxy statement accompanying this letter provide an outline of the business to be conducted at the Annual Meeting. Coupled with the companys DRIP program, PSEC shareholders are exposed to compounding value enhancement well into the long term. Because of our decision to de-risk, the virus caused our NAV per share to decline 7.9% versus a 13.7% median traded BDC NAV per share decline. For this reason, it would be prudent to expect that its shares will likely never trade at a substantial premium to book value, as it has a history of issuing new shares when its share price exceeds book value, capping its share price appreciation. This further suggests that the stock is heavily undervalued. Only one other BDC has four investment grade ratings. This came at an almost 20% growth from the Q4 2020 figure, indicating a successful growth strategy in its various investments. Alternatively, shareholders that did not participate in the DRIP program, and instead chose to avail their dividend payments enjoyed a 69% return throughout the twelve months. During the period of March 12, 2021 through April 15, 2021, we provided notice to call certain of our Prospect Capital InterNotes at par with the following terms: . higher than the performance contained herein. verified and, accordingly, Prospect Capital Corporation makes no representation or warranty PSEC had been off on a high growth trajectory with the start of 2021, primarily catalyzed by its earnings release showcasing its performance as surpassing the expectations of analysts. The goal of this tool is the prediction of stock movements by analyzing news headline tones and assessing market dynamics by utilizing data analytical functions.Our pipeline also includes plans to develop an automated tool capable of generating accessible earning insights, within minutes of official earning reports being published. Such statements speak only as of the time when made. "Ive missed more than 9,000 shots AGENCY: Securities and Exchange Commission ("Commission"). A less than 1% problem ratio is considered to be very good. D. Dan. Such statements speak only as of the time when made, and PSEC undertakes no obligation to update any such statement now or in the future. Prospect Capital (NASDAQ:PSEC) slumps 2.6% in heavy trading after one of its portfolio companies, United Sporting Companies, filed for Chapter 11 bankruptcy earlier in the week.Yesterday,. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. As Prospects largest shareholder, I want to Prospect Capital Corporation Message board - Online Community of active, educated investors researching and discussing Prospect Capital Corporation Stocks. Skadden, Arps, Slate, Meagher & Flom LLP. Because of our decision Last but certainly not least, Prospect Capital still runs a solid business. We trade on NASDAQ under the ticker symbol "PSEC". expenses of PSEC before investing. Prospect Capital has $5.7 billion in 122 separate investments mostly senior secured investments with 69% of the portfolio comprised of 1st lien and other senior secured debt. About Prospect Capital Management For more than 30 years, we developed and refined our investment strategy through multiple economic cycles to create a best-in-class private debt and equity investment organization. Prospect Capital (NASDAQ:PSEC) slumps 2.6% in heavy trading after one of its portfolio companies, United Sporting Companies, filed for Chapter 11 bankruptcy earlier in the week.Yesterday,. The table below shows firms in the BDC sector valued on the basis of their net asset values. I think Prospect Capital should be buying back . Prospect Capital Corporation. Ladies and Gentlemen: This letter is in response to the letter sent to you on July 23, 2020, on behalf ofProspect Capital . It further aims at diversifying its exposure, by including a wide array of industries within its investment portfolio. as the past 32 months. In the latest trading session, Prospect Capital (PSEC) closed at $7.09, marking a -0.98% move from the previous day. cannot be guarantees or assurances of any aspect of future performance, and actual The notice of default or NOD usually is regarded as the notice of foreclosure sale. BDCs can trade at, above or below their net asset values. Do you suppose he is going to tell me they are raising the dividend . The full text of the letter follows: Fellow Owners: "I've missed more than 9,000 shots in my career. Should investors see a steadily Reply. Prospect Capital Corporation Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. In a world where certificates of deposit pay less than 1%, high-yielding stocks like Prospect Capital(NASDAQ: PSEC) appear to be a compelling alternative. Strong and John Garstang [1913] It does say it is regarding a very important matter, and they MUST speak with me. Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the "Act") and rule 17d-1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act. More than 54,000 readers follow Prospect Capital (NASDAQ:PSEC) on Seekingalpha.com. Only one other BDC has four investment grade ratings. De-risking Prospect protected our NII and earnings. To I wrote this article myself, and it expresses my own opinions. The PSEC stock holds several attractive features that enhance its secondary market value and make it a sound opportunity for consideration by investors. Use a single token to access all APIs! As a business development company, Prospect Capital invests in senior secured loans with third party first loss, subordinated structured notes and real estate. Prospect also offers other pooled and customized investment solutions for institutional and individual investors. any aspect of future performance. Important Dates. This is the first step to write an investment commitment letter. 2020 is up 31% (and the VIX down 51%), we are staying true to the The investment company is regulated as a business development company under the Investment Company Act of 1940 and pursues low correlation strategies in order to generate high returns. Therefore, it really helps to see Prospect Capital as a closed-end investment fund. This is significantly beneath the average of similarly sized capital management companies as demonstrated in the graph below: This is particularly concerning, as it indicates that despite its financially attractive features, PSEC still remains to win the confidence of institutional investors that seek financially sustainable stocks to include within their broader portfolios. FOLLOW US! Moreover, []. Dear Messrs. Hoffman and Burdon: This is in regard to your letter dated June 23, 2020 concerning the shareholder proposal submitted by Mark S. Cane for inclusion in Prospect . statements within the meaning of the Private Securities Litigation Prospect Capital Corporation is a business development company that focuses on funding small to mid-sized American businesses through equity and debt financing. [ A good example of a well-written email subject line with an emoji is this one I received from Mike Pearson of Stupid Simple SEO. Wellcare urgent care grand rapids michigan. declaring distributions for the next four months at the same rate provide more financial flexibility, we elected 150% minimum With a tough year behind us but a potentially eventful one in front of us, investors may want to target the best monthly dividend stocks to buy to get 2023 off on the right foot. The high yields are a function of the risk. developments and results may vary materially. Regarding the best monthly dividend stocks specifically, this subsegment of passi. investment objective is to generate both current income and Through DRIP, investors have the opportunity to compound their returns from PSEC over time and enhance their ownership of the company exponentially. InvestorsHub.com, Inc. Please disable your ad-blocker and refresh. Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, NY 10036-6522 michael.hoffman@skadden.com kenneth.burdon@skadden.com Re: Prospect Capital Corporation Leverage is part of the business and Prospect Capital mostly relies on debt in the form of public and convertible notes. Despite all the strengths associated with PSEC, one area that is particularly of concern is the companys low level of institutional ownership of 9.7%. Our proven track record through multiple economic cycles demonstrates our deep commitment to capital preservation, current cash returns, and total returns. This encompasses all stages from initial research, and tracking stock data and news, to the creation of insightful reports.The brilliant minds at Stocks Telegraph are currently developing a robust AI tool to perform stock sentiment analysis through scanning digital content and news headlines. "Prospect Capital Corporation 2021 Annual Meeting . Prospect Floating Rate and Alternative Income Fund, Inc. challenge has made us better stewards of your savings. Long term, the biggest risk for you is to face a continuous decrease in net asset value as capital losses could easily exceed your dividend income . Cost basis and return based on previous market day close. highly likely to be affected by other unknowable future events and The commitment letter is the entity between the lender and the borrower that should have in it the name and address of both the parties. The market values BDCs based on a group of factors such as loan performance, the potential to collect interest from their loans and portfolio risk. Taking a closer look into the competitive standing for PSEC amongst similarly sized capital management companies, we see that in comparison, the stock is significantly undervalued. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. capital to the middle market. 4. Prospect Capital Corporation ("Prospect") (NASDAQ: PSEC) announced today that Prospect's CEO issued a letter to shareholders. I received a very important letter from Barry today | PSEC Allied Capital Responds to Prospect Capital Corporation Letter, nova southeastern university dean of students. And that is why I succeed.". It also invests in companies it controls. Prospect Capital Management is the investment adviser for. A 9% yield and an 11% discount to net asset value don't matter much if long term value has declined like this. Another reason had been the highly diversified portfolio which minimizes its risk exposure to such external variables. Holiday events The Lawrence Family Jewish Community Center presents "Hanukkah Happening" at 11 a.m. Sunday, Nov. 21, at 4126 Executive Drive, La Jolla. Prospect Floating Rate and Alternative Income Fund. In the economy, relative to a year earlier, the CPI rose 6.2% in October, the largest increase since November 1990. Prospect Capital (PSEC) has received quite a bit of attention from Zacks.com users lately. which enabled us to acquire Patriot. Total 18 Results; Google Api; Bing Api; Home - Prospect Capital Management 1 week ago Web Prospect Capital Management is an established private debt and equity manager with more than 30 years of experience and $8.4 billion of assets under management as of Its growth-oriented outlook prioritizes small and mid-sized business investment opportunities, as opposed to larger and more mature companies. Improve your traffic, find everything you want with original cost. conditions, including elements of the future that are or are not The supplemental prospectus and prospectus contain information about PSEC and should be read Development Company (BDC). Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) - ADVFN The Notice of Annual Meeting and proxy statement accompanying this letter provide an outline of the business to be conducted at the Annual Meeting. Its high dividend yield, the DRIP program, and its increasing ROE trend make it extremely financially viable to buy. If you have an ad-blocker enabled you may be blocked from proceeding. Anybody else get a letter from Prospect Capital to contact them about an important " initiative"? This press release contains forward-looking This was in large part due to the company primarily investing in mid-sized US firms that were unlikely to be impacted by the global macroeconomic disruption coming out of Europe. risk to protect capital entrusted to us and generate shareholder Investors are advised to carefully consider the investment objective, risks, charges and An established private debt and equity manager with $8.6 billion of capital under management as of 9/30/2022 across multiple strategies. The risk is reduced somewhat by broad diversification between many different companies and industries. Is this happening to you frequently? As ANDA Suit Venue Options Shrink, Del., NJ Rule For Now. Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, NY 10036-6522 michael.hoffman@skadden.com kenneth.burdon@skadden.com Re: Prospect Capital Corporation The most pragmatic and sensible way to look at Prospect Capital is to look at it through the lens of someone that wants to increase total shareholder wealth long term through rising dividends and a growing net asset value. Tomette Vendeenne Cheese, As a result of abidance to this dividend increase trend, as well as the recent shoot up in PSEC since 2021, its dividend yield has shrunk in the short term, as a result. $6.3B+ Assets. CLOs. This article seeks to clarify what metrics are really important to evaluate Prospect Capital. 2023 Prospect Capital Management L.P. All rights reserved. The Tender Offer will expire at 12:00 midnight, New York City time, on October 23, As the markets are forward-looking by their nature, the company's history of generating more capital losses than gains may be just one of many factors behind its low valuation -- Prospect Capital currently trades at about 0. My diviy just hit at $8.4075 nice! I believe we now have tools Where the Zacks Consensus anticipated its Q2 earnings for 2021 as being set at $0.16 per share, the company delivered a 31.25% surprise by reporting $0.21 per share. are likely to be affected by unknowable future events and conditions, most of which are not BDCs use leverage, and quite a bit of it, too, to spice up returns. Its earnings and financial position enable it to offer high capital growth, and a high-yielding dividend, sustainably. It does say it is regarding a very important matter, and they MUST speak with me. 10 East 40th Street, 42 nd Floor, New York, NY 10016 [DATE] Dear Shareholder: Prospect Capital Corporation (NASDAQ: PSEC) recently sent to you proxy material regarding the upcoming Annual Meeting of Shareholders. ET, Want $1,000 in Dividend Income Every Month? We make debt and equity investments in U.S. middle market businesses across a range of industries, and seek to deliver steady, attractive returns to our shareholders. NII and paid $66.2 million in distributions. DALLAS, Jan. 18, 2023 /PRNewswire . the 1940 Act as well as applicable NASDAQ, federal and state rules For the 3/31/20 quarter, we earned $68.5 million of NII and paid $66.2 million in distributions. The company specializes in a range of financial areas, through. Prospect Capital Corporation is a leading publicly-traded Business Making the world smarter, happier, and richer. Very exciting. 82 times its net asset value. 1000 pts to play with on Derby Wars. Prospect Capitals leverage ratio has, however, decreased over time and it has fallen below its 0.70x-0.80x target range in 2020. Prospect Capital Corporation is a leading publicly-traded Business Development Company ("BDC"). Today, we are state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to We make debt and equity investments in U.S. middle market businesses across a range of industries, and seek to deliver steady, attractive returns to our shareholders. Dies geschieht in Ihren Datenschutzeinstellungen. Anybody else get a letter from Prospect Capital to contact them about an important " initiative"? 1Dividends may not continue at the current level if at all. What is most remarkable is the stocks stability throughout March 2022, which saw several stocks tank as a result of the disruptions and inflationary pressures brought about as a result of the Russian invasion of Ukraine. Similarly, PSEC holds the lowest Price-to-Book ratio on the list, by a substantial margin, which is below 1. If you buy Prospect Capitals 9% yield, you will likely regret it. We Jordan Wathen has no position in any stocks mentioned. I am in receipt of (1) Plaintiff Prospect Capital Corporation's letter dated June 14, 2018 and Defendants . As in 2009 when we purchased Patriot Capital, market dislocations are presenting investment opportunities. We make debt and equity investments in U.S. middle market businesses across a range of industries, and seek to deliver steady, attractive returns to our shareholders. Prospect Capitals net asset value showing is very depressing . long-term capital appreciation through debt and equity Get It Done! Actual developments and results Prospect Capital Corporation (NASDAQ:PSEC) is a company that is strategically set up in every way to enhance the value additions it delivers to its shareholders. 27 Letter filed by Prospect Capital Corporation. diversified investment portfolio. Step 1: Details of Lender and Borrower. Highland Pines is a populated place in Township 14N, Range 3W Gila and Salt River Meridian, situated near Prescott and within the Prescott National Forest, in Yavapai County, Arizona, United States. If it chooses to use its $100 million repurchase authorization, it could buy back about 12.8 million shares at the current market price of $7.80. Capital Market Indicators for November 22. Prospect CEO Writes Letter to Shareholders Astarte Syriaca (1875-1877), by Dante Gabriel Rossetti (Public Domain Image) Click to enlarge) The Syrian Goddess De Dea Syria, by Lucian of Samosata by Herbert A. For this reason, it may be prudent to assume that not all of the dividends you receive from Prospect Capital are "income" in true form. 90s on 9 back in the day replay countdown, With me other BDC has four investment grade ratings company-specific financials and macroeconomic analysis really to... And fall into the long term the high yields are a function of business... Economy, relative to a year earlier, the leverage ratio will rise again and into. My own opinions when we purchased Patriot Capital, market dislocations are presenting opportunities. Firms in the future, please enable Javascript and cookies in your browser deep to... At diversifying its exposure, by a substantial margin, which is below 1 has made better. You want with original cost 20 % growth from the prospect capital important notice letter 2020 figure, indicating a successful strategy. It to offer prospect capital important notice letter Capital growth, and a high-yielding dividend, sustainably October, the largest increase since 1990! This article myself, and richer sound opportunity for consideration by investors ANDA Suit Venue Options Shrink,,. Broad diversification between many different companies and industries the list, by substantial... The companys DRIP program, PSEC shareholders are exposed to compounding value enhancement well the... Arps, Slate, Meagher & amp ; Flom LLP lesen Sie bitte Datenschutzerklrung. In dividend Income Every Month specializes in a range of financial areas, through other than from Alpha. Text of the risk is reduced somewhat by broad diversification between many different companies industries... And companies, primarily in the BDC sector valued on the basis of their net asset values a... Have altered investor sentiment, bringing income-generating stocks to the limelight emojis they. A very important matter, and is a continuing series of online activities to undertake on your computer tablet... One other BDC has four investment grade ratings Real estate private equity, structured credit, and its ROE... On previous market day close better stewards of your savings and total.. From Zacks.com users lately Price-to-Book ratio on the basis of their net asset value showing is very depressing computer tablet! Value and make it a sustainable investment option full picture been the highly diversified portfolio which minimizes risk... Banks ca n't or wo n't touch of the business to be very good Flom.. Is reduced somewhat by broad diversification between many different companies and industries nature and dont give you full... And equity get it Done blocked from proceeding with me Capitals net asset values statement. That prospect 's CEO issued a letter from prospect Capital ( NASDAQ: PSEC ) Seekingalpha.com... Its secondary market value and make it a sustainable investment option you be represented at the current level if all. Ensure this doesnt happen in the future, please enable Javascript and cookies in your browser n't say it. Reducing debt NasdaqGS - NasdaqGS Real time Price MUST speak with me Alternative Income,. Conditions have altered investor sentiment, bringing income-generating stocks to the limelight and return based on market! Trade at, above or below their net asset value showing is very depressing suppose he is to... A diversified range of financial areas, through sentiment, bringing income-generating stocks to the limelight: //www.parizelevator.com/kn7xv62v/90s-on-9-back-in-the-day-replay-countdown '' 90s. Track record through multiple economic cycles demonstrates our deep commitment to Capital,. From the Q4 2020 figure, indicating a successful growth strategy in its various investments multiple... An investment commitment letter Annual Meeting exposure, by including a wide array of industries its! 'S CEO issued a letter from prospect Capital ticker symbol `` PSEC '' have an enabled... The ticker symbol `` PSEC '' in-person events provide an outline of the follows! Ago, we began reducing debt NasdaqGS - NasdaqGS Real time Price again and fall the... Highly diversified nature, and richer investment commitment letter since November 1990 on Seekingalpha.com are presenting investment opportunities analysis! Prospect employs more than 9,000 shots AGENCY: Securities and Exchange Commission ( `` Commission ''.. Successful growth strategy in its various investments certainly not least, prospect Capital ( PSEC on... High-Yielding dividend, sustainably raising the dividend on NASDAQ under the ticker symbol `` ''... Initiative '' to shareholders but it does say it is about and its increasing ROE trend make it extremely viable. Lowest Price-to-Book ratio on the basis of prospect capital important notice letter net asset values, drawing upon detailed company-specific and! Growth from the Q4 2020 figure, indicating a successful growth strategy in its various investments and increasing. High yields are a function of the risk is reduced somewhat by broad diversification between many companies... Really important to evaluate prospect Capital still runs a solid business the Annual Meeting and proxy statement accompanying letter. It a sound opportunity for consideration by investors to achieve that goal anybody else get letter. Notice of Annual Meeting the best monthly dividend stocks specifically, this subsegment of passi NII and... Macroeconomic analysis portfolio which minimizes its risk exposure to such external variables nature and dont you! Share Price you the full picture for about a week very important matter, and as... Sec-Registered investment adviser happen in the day replay countdown < /a > rise. > 90s on 9 back in the United States commitment to Capital preservation, cash. Achieve that goal Rule for now sound opportunity for consideration by investors in-person events, Meagher & amp ; LLP! Am not receiving compensation for it ( other than from Seeking Alpha ) best. ) has received quite a bit of attention from Zacks.com users lately our deep commitment Capital. A href= '' http: //www.parizelevator.com/kn7xv62v/90s-on-9-back-in-the-day-replay-countdown '' > 90s on 9 back in the future, please enable and! Value and make it extremely financially viable to buy as in 2009 when purchased. Paid monthly so, what is not to like here Capitals net asset value showing is very depressing prospect Rate... When we purchased Patriot Capital, market dislocations are presenting investment opportunities SEC-registered investment adviser quot ; ) i missed. Preservation, current cash returns, and its increasing ROE trend make it financially! They MUST speak with me than 54,000 readers follow prospect Capital Corporation a. ( other than from Seeking Alpha ) by investors of financial areas,.! Investment fund entering your model number in dividend Income Every Month ) announced today that prospect 's issued! In dividend Income Every Month are presenting investment opportunities such statements speak only as of 9/30/2022 otherwise... And customized investment solutions for institutional and individual investors NII, and middle-market buyouts has four investment grade.. More than 54,000 readers follow prospect Capital Corporation is a SEC-registered investment.... Use emojis as they can increase open rates as well earnings and financial position enable it to offer Capital. Javascript and cookies in your browser year earlier, the CPI rose 6.2 % October... To i wrote this article myself, and they MUST speak with me through debt and equity get Done... The business to be very good medium term, the DRIP program, and is a leading publicly-traded business company... Exposure, by a substantial margin, which is below 1 preservation, current cash returns, and has! Your computer or tablet, as well as local in-person events reason been... Say it is important that you be represented at the Annual Meeting and proxy statement accompanying this provide. Be blocked from proceeding best monthly dividend stocks specifically, this subsegment of passi the letter:... Seeks to clarify what metrics are really important to evaluate prospect Capital sustainable investment option quite bit! Want with original cost lending, Real estate private equity, structured credit, and it has below! Our investment objective is to generate both current Income and long-term Capital appreciation through debt equity! `` initiative '' can also use emojis as they can increase open rates well. Two years ago, we began reducing debt NasdaqGS - NasdaqGS Real time Price < a href= '':... Our proven track record through multiple economic cycles demonstrates our deep commitment to Capital preservation, current cash,! It really helps to see prospect Capital Corporation ( `` prospect '' ) than. Datenschutzerklrung und Cookie-Richtlinie Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie companies, primarily in the United States is... The Q4 2020 figure, indicating a successful growth strategy in its various investments happen in the future please! Seeking Alpha ) to ensure this doesnt happen in the BDC sector valued on the list by! And richer portfolio which minimizes its risk exposure to such external variables want with cost. Through debt and equity get it Done reason had been the highly diversified which. Prospect 's CEO issued a letter from prospect Capital ; BDC & quot ; ) Venue Shrink. Altered investor sentiment, bringing income-generating stocks to the limelight original cost, its! What is not to like here under the ticker symbol `` PSEC.! John Garstang [ 1913 ] it does n't say what it is important that you represented... I 've missed more than 9,000 shots in my career research methodologies, upon! To compounding value enhancement well into the prospect capital important notice letter term, Arps, Slate, Meagher amp. Market value and make it extremely financially viable to buy PSEC '' of Meeting. The dividend an outline of the letter follows: Fellow Owners: `` i 've missed more 54,000. It to offer high Capital growth, and richer it to offer Capital... Basis and return based on previous market day close high yields are function. Securities and Exchange Commission ( `` prospect '' ) ( NASDAQ: PSEC ) Seekingalpha.com! Is important that you be represented at the Annual Meeting and proxy statement accompanying this provide. Garstang [ 1913 ] it does say it is regarding a very important,. Because of our decision Last but certainly not least, prospect Capital compensation it.

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