Business Context and Reporting Period
Company: Prospect Capital Corporation (PSEC)
Filing Type: Form 8-K (Current Report)
Report Date: August 20, 2026
Context: The filing announces the declaration of monthly cash distributions for common shareholders and various series of preferred stock. It also references the issuance of a press release regarding financial results for the fiscal year ended June 30, 2026, though the detailed financial data is contained in Exhibit 99.1 and not explicitly detailed in the body of this 8-K.
Key Financial Metrics and Distributions
This filing focuses on dividend declarations rather than operational financial metrics (revenue, profit, cash flow). The following distribution rates were declared:
- Common Stock: $0.0350 per share (Monthly for September and October 2026).
- 7.50% Preferred Stock: $0.156250 per share (Monthly for September, October, and November 2026).
- Floating Rate Preferred Stock: $0.135417 per share (Monthly for September, October, and November 2026; based on an annualized rate of 6.50%).
- 5.50% Preferred Stock: $0.114583 per share (Monthly for September, October, and November 2026).
- 6.50% Preferred Stock: $0.135417 per share (Monthly for September, October, and November 2026).
- 5.35% Preferred Stock: $0.334375 per share (Quarterly for the period August 2026 - October 2026).
Note: The filing text does not provide specific values for revenue, net income, operating cash flow, debt levels, or liquidity ratios. These figures are referenced as being in the attached press release (Exhibit 99.1).
Material Changes
The filing does not explicitly detail material changes in financial condition or operations compared to prior periods within the text provided. It serves primarily to disclose the continuation of dividend payments and the timing of upcoming payouts.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the Board's decision to maintain monthly distributions across common and preferred share classes. The preferred stock dividends are calculated based on fixed annual rates (5.35%, 5.50%, 6.50%, 7.50%) or a floating rate (6.50%) applied to a stated value of $25.00 per share.
Risks and Contingencies: No specific risks or contingencies are detailed in the body of this 8-K. The filing notes that the information regarding financial results is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, except as expressly incorporated by reference.
Investor Verification Checklist
- Verify the full text of the press release (Exhibit 99.1) for detailed fiscal year 2026 financial results (revenue, net income, book value).
- Confirm the exact number of outstanding shares for each class to calculate total distribution obligations.
- Review the Articles Supplementary for each preferred stock series to understand pro-ration rules for partial periods, as noted in the filing.
- Check for any subsequent filings regarding the actual payment of these declared dividends.