Business Context and Reporting Period
Company: Prospect Capital Corp (PSEC)
Filing Type: Form 8-K (Current Report)
Date of Report: February 8, 2022
Reporting Period: Fiscal quarter ended December 31, 2021
This filing serves as a notification of the release of financial results for the quarter ended December 31, 2021, and the declaration of cash distributions to common and preferred shareholders. The detailed financial results are contained in a press release filed as Exhibit 99.1.
Key Financial Metrics
The Form 8-K text itself 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 (Exhibit 99.1) but are not included in the body of this filing.
Material Changes and Distributions
The filing details the declaration of monthly and quarterly cash distributions effective February 2022:
- Common Stock: Monthly distribution of $0.0600 per share declared for February, March, and April 2022.
- Series A1, M1, and A2 Preferred Stock: Monthly distribution of $0.114583 per share (based on a 5.50% annual rate) declared for March, April, and May 2022.
- Series A Preferred Stock: Quarterly distribution of $0.334375 per share (based on a 5.35% annual rate) declared for the period February through April 2022.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. It strictly references the press release for the announcement of results and distributions. The filing notes that the information is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q4 2021 revenue, net income, and portfolio yield figures.
- Verify the total cash available for distribution against the declared amounts for common and preferred shares.
- Confirm the record and payment dates for the declared distributions to ensure timely receipt.
- Check for any changes in the company's credit rating or debt covenants mentioned in the full press release.