Business Context and Reporting Period
Company: Prospect Capital Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: May 13, 2016
Reporting Period: Third fiscal quarter ended March 31, 2016.
This filing serves to announce the release of financial results for the quarter ended March 31, 2016, and to disclose the declaration of monthly cash distributions to shareholders.
Key Financial Metrics
The filing text references a press release (Exhibit 99.1) containing detailed financial results but does not explicitly state specific values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document.
Distribution Declaration: The company declared monthly cash distributions of $0.08333 per share for the months of May, June, July, and August 2016.
Material Changes
The filing does not provide comparative financial data or specific material changes versus the prior period. It solely references the issuance of the Q3 2016 results press release.
Guidance, Outlook, and Management Commentary
Management Commentary: The filing indicates that management has issued a press release regarding Q3 2016 results and a separate announcement regarding dividend declarations. Specific commentary, outlook, or risk factors are contained within the referenced exhibits (99.1 and 99.2) and are not detailed in this summary text.
Unusual Items: None explicitly identified in the filing text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 10, 2016) for specific Q3 2016 revenue, net income, and portfolio metrics.
- Verify the record and payment dates for the declared distributions:
- May 2016: Record May 31, Payment June 23.
- June 2016: Record June 30, Payment July 21.
- July 2016: Record July 29, Payment August 18.
- August 2016: Record August 31, Payment September 22.
- Confirm the distribution amount of $0.08333 per share aligns with the company's historical payout policy.
- Check for any subsequent filings regarding the Q3 2016 results if the initial press release contained preliminary data.