Business Context and Reporting Period
Company: Prospect Capital Corp (PSEC)
Filing Type: Form 8-K (Current Report)
Report Date: November 8, 2019
Event Date: November 6, 2019
Reporting Period: First fiscal quarter ended September 30, 2019.
This filing serves to announce the release of financial results for the quarter ended September 30, 2019, and to declare monthly cash distributions to shareholders.
Key Financial Metrics
The Form 8-K text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained within the press release attached as Exhibit 99.1, which is not included in the provided source text.
Dividend Declaration: The company declared monthly cash distributions of $0.06 per share for the following periods:
- November 2019: Record date November 29, 2019; Payment date December 19, 2019.
- December 2019: Record date January 2, 2020; Payment date January 23, 2020.
- January 2020: Record date January 31, 2020; Payment date February 20, 2020.
Material Changes
The filing does not provide comparative financial data or specific details regarding material changes in operations or financial condition versus the prior period. It solely references the issuance of the Q1 2019 results press release.
Guidance, Outlook, and Risks
Management Commentary: The filing incorporates by reference a press release (Exhibit 99.1) containing the Q1 2019 results and dividend declaration. No specific outlook or management commentary is detailed within the 8-K text itself.
Risks and Contingencies: The filing includes standard legal disclaimers stating that the information furnished under Items 2.02 and 7.01 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into Securities Act filings, except as expressly set forth.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated November 6, 2019) for specific Q1 2019 revenue, net income, and cash flow figures.
- Verify the total dividend payout obligation based on the declared $0.06 per share rate and the current share count.
- Confirm the record and payment dates for the declared dividends to ensure eligibility.
- Check for any subsequent filings that may update the financial results referenced in this 8-K.