Business Context and Reporting Period
Company: Prospect Capital Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 9, 2016
Reporting Period: First fiscal quarter ended September 30, 2016
This filing serves as a notification of the company's Q1 2016 financial results and the declaration of monthly cash distributions. Detailed financial data is contained in attached press releases (Exhibits 99.1 and 99.2) and is not embedded directly in the text of this Form 8-K.
Key Financial Metrics
The text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being disclosed in the press release attached as Exhibit 99.1.
Material Changes and Distributions
The registrant announced the declaration of monthly cash distributions to shareholders for the upcoming three months. The distribution amount is consistent across the period:
- November 2016: $0.08333 per share (Record: Nov 30, 2016; Payment: Dec 22, 2016)
- December 2016: $0.08333 per share (Record: Dec 30, 2016; Payment: Jan 19, 2017)
- January 2017: $0.08333 per share (Record: Jan 31, 2017; Payment: Feb 16, 2017)
The filing text does not explicitly detail material changes in operations or financial condition compared to the prior period, deferring to the attached press release for such analysis.
Guidance, Outlook, and Risks
This specific Form 8-K text does not contain management commentary, forward-looking guidance, risk factors, or contingencies. The filing explicitly states that the information is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, except as expressly set forth by specific reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated Nov 8, 2016) for specific Q1 2016 revenue, net income, and portfolio yield figures.
- Verify the total annualized distribution rate based on the declared monthly amount of $0.08333 per share.
- Confirm the record and payment dates for the November, December, and January distributions to ensure eligibility.
- Check for any updates to the company's investment strategy or risk profile in the full press release text not summarized here.