Business Context and Reporting Period
Company: Prospect Capital Corporation
Filing Type: Form 8-K (Current Report)
Report Date: November 6, 2015 (Earliest event: November 4, 2015)
Reporting Period: First fiscal quarter ended September 30, 2015
This filing serves as a notification of the company's Q1 2015 financial results and the declaration of monthly cash distributions. Detailed financial metrics are contained in the attached press releases (Exhibits 99.1 and 99.2) and are not explicitly detailed within the body of this 8-K text.
Key Financial Metrics
The text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are referenced as being included in the press release attached as Exhibit 99.1.
Distribution Declaration: The company declared monthly cash distributions of 8.333 cents per share for the following periods:
- November 2015: Record date November 30, 2015; Payment date December 24, 2015.
- December 2015: Record date December 31, 2015; Payment date January 21, 2016.
- January 2016: Record date January 29, 2016; Payment date February 18, 2016.
Material Changes
The filing does not contain comparative data or analysis of material changes versus prior periods. Investors must refer to the attached press release (Exhibit 99.1) for year-over-year or quarter-over-quarter performance analysis.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release regarding Q1 results but does not include specific management commentary, forward-looking guidance, or risk factors within the 8-K text itself.
Unusual Items: No unusual items are described in the body of this report.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2015 revenue, net income, and portfolio yield figures.
- Verify the sustainability of the 8.333 cents per share monthly distribution against the Q1 earnings reported in the press release.
- Check for any corrections or updates to the press release text, as the filing notes the press release was "corrected on November 5, 2015."
- Confirm the record and payment dates for the declared distributions to ensure eligibility.