Business Context and Reporting Period
Company: Prospect Capital Corporation (PSEC)
Filing Type: Form 8-K (Current Report)
Date of Report: February 8, 2024
Reporting Period: Fiscal quarter ended December 31, 2023 (results announced via press release referenced in Item 2.02).
Key Financial Metrics
This filing serves as a notification of dividend declarations and the release of quarterly results. The text of this 8-K does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained in the referenced press release (Exhibit 99.1) and are not detailed in the provided filing text.
Material Changes and Dividend Declarations
The registrant declared monthly cash distributions and dividends for various share classes effective February 8, 2024:
- Common Stock: Monthly distribution of $0.0600 per share for February, March, and April 2024.
- Floating Rate Preferred Stock: Monthly dividend of $0.152564 per share (annualized rate 7.32309% of $25.00 stated value) for March, April, and May 2024.
- 5.50% Preferred Stock: Monthly dividend of $0.114583 per share (annual rate 5.50% of $25.00 stated value) for March, April, and May 2024.
- 6.50% Preferred Stock: Monthly dividend of $0.135417 per share (annual rate 6.50% of $25.00 stated value) for March, April, and May 2024.
- 5.35% Series A Preferred Stock: Quarterly dividend of $0.334375 per share (annual rate 5.35% of $25.00 stated value) covering February through April 2024.
Guidance, Outlook, and Risks
The filing text does not provide specific management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies beyond the standard disclosure that the information is furnished and not deemed "filed" for Section 18 purposes. The primary focus is the declaration of shareholder distributions.
Investor Verification Checklist
- Verify the full financial results (revenue, net income, portfolio yield) in the press release (Exhibit 99.1) referenced in Item 2.02.
- Confirm the record and payment dates for the declared dividends to ensure eligibility.
- Review the specific terms of the Floating Rate Preferred Stock to understand the variable rate calculation (7.32309% annualized).
- Check for any pro-ration adjustments for partial periods as noted in the dividend declarations.