Business Context and Reporting Period
Company: Prospect Capital Corp (PSEC)
Filing Type: Form 8-K (Current Report)
Report Date: May 10, 2019
Event Date: May 8, 2019
Reporting Period: Third fiscal quarter ended March 31, 2019.
This filing serves to announce the release of financial results for the quarter ended March 31, 2019, and to declare monthly cash distributions to shareholders.
Key Financial Metrics
The filing text references a press release (Exhibit 99.1) containing detailed financial results but does not explicitly state specific values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document.
Distribution Metrics:
- Monthly Cash Distribution: $0.06 per share.
- Coverage Period: Distributions declared for May, June, July, and August 2019.
Material Changes
The filing does not provide comparative financial data or explicit commentary on material changes versus the prior comparable period. It solely references the issuance of the Q3 2019 results press release.
Guidance, Outlook, and Management Commentary
Distribution Declaration: Management declared monthly cash distributions of $0.06 per share for the following periods:
- May 2019: Record date May 31, 2019; Payment date June 20, 2019.
- June 2019: Record date June 28, 2019; Payment date July 18, 2019.
- July 2019: Record date July 31, 2019; Payment date August 22, 2019.
- August 2019: Record date August 30, 2019; Payment date September 19, 2019.
Legal Status of Information: The information regarding results and distributions is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into Securities Act filings, except as expressly set forth.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 8, 2019) for specific Q3 2019 revenue, net income, and portfolio yield figures not included in this summary.
- Verify the record dates for the declared distributions to ensure eligibility for the $0.06 per share payment.
- Confirm the company's liquidity position and ability to sustain the declared distribution rate by examining the full financial statements referenced in the press release.
- Check for any unusual items or portfolio impairments detailed in the full Q3 results that may impact future guidance.