Business Context and Reporting Period
Company: Prospect Capital Corporation
Filing Type: Form 8-K (Current Report)
Report Date: February 10, 2017
Event Date: February 7, 2017
Context: This filing announces the declaration of monthly cash distributions and references the issuance of a press release regarding financial results for the second fiscal quarter ended December 31, 2016.
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.
Distribution Declaration: The company declared monthly cash distributions of 8.333 cents per share for the following months:
- February 2017: Record date February 28, 2017; Payment date March 23, 2017.
- March 2017: Record date March 31, 2017; Payment date April 20, 2017.
- April 2017: Record date April 28, 2017; Payment date May 18, 2017.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods. It serves primarily to disclose the distribution declaration and reference the Q2 2016 results announcement.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) containing the Q2 2016 results but does not include specific management commentary, guidance, or outlook within this text.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing text.
Unusual Items: None reported in this filing text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated February 8, 2017) for detailed Q2 2016 financial results, including revenue, net income, and portfolio metrics.
- Verify the 8.333 cents per share distribution rate against the company's historical payout trends.
- Confirm the record and payment dates for the February, March, and April 2017 distributions to ensure eligibility.
- Check for any subsequent filings that may update the financial condition or distribution policy.