Business Context and Reporting Period
Company: Prospect Capital Corp (PSEC)
Filing Type: Form 8-K (Current Report)
Report Date: February 16, 2021
Event Date: February 9, 2021
This filing announces the declaration of monthly cash distributions to common and preferred shareholders and references the press release containing financial results for the fiscal quarter ended December 31, 2020.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced press release (Exhibit 99.1) but are not detailed in the body of this Form 8-K.
Material Changes and Distributions
The registrant declared the following monthly cash distributions:
- Common Shareholders: $0.0600 per share for February, March, and April 2021.
- Preferred Shareholders: $0.114583 per share (based on a 5.50% annual rate of the $25 stated value) for March, April, and May 2021.
Common Distribution Schedule:
| Month | Record Date | Payment Date | Amount ($) |
|---|---|---|---|
| February 2021 | 2/26/2021 | 3/18/2021 | 0.0600 |
| March 2021 | 3/31/2021 | 4/22/2021 | 0.0600 |
| April 2021 | 4/30/2021 | 5/20/2021 | 0.0600 |
Preferred Distribution Schedule:
| Month | Record Date | Payment Date | Amount ($) |
|---|---|---|---|
| March 2021 | 3/17/2021 | 4/1/2021 | 0.114583 |
| April 2021 | 4/21/2021 | 5/3/2021 | 0.114583 |
| May 2021 | 5/19/2021 | 6/1/2021 | 0.114583 |
Guidance, Outlook, and Risks
The filing text does not contain specific guidance, outlook, management commentary, or risk factors. It notes that the information is furnished and not 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 February 9, 2021) for detailed Q4 2020 financial results (revenue, net income, NAV).
- Verify the company's ability to sustain the declared distribution rates against current cash flow and liquidity positions.
- Confirm the status of outstanding debt securities (6.25% Notes due 2024, 2028, and 6.875% Notes due 2029) mentioned in the securities registration section.
- Check for any subsequent filings regarding changes to the distribution policy or financial condition.