Business Context and Reporting Period
Company: Prospect Capital Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 10, 2017
Reporting Period: Third fiscal quarter ended March 31, 2017
This filing serves as a notification of the issuance of a press release regarding financial results for the quarter ended March 31, 2017, and the declaration of monthly cash distributions.
Key Financial Metrics
The filing text references the issuance of a press release (Exhibit 99.1) containing the detailed financial results for the third fiscal quarter 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 2017.
Material Changes
The filing does not provide comparative financial data or explicitly detail material changes versus the prior comparable period. It solely references the external press release for the results of operations.
Guidance, Outlook, and Management Commentary
Management Action: The Board of Directors declared monthly cash distributions for four consecutive months starting May 2017.
Record and Payment Dates:
- May 2017: Record date May 31, 2017; Payment date June 22, 2017.
- June 2017: Record date June 30, 2017; Payment date July 20, 2017.
- July 2017: Record date July 31, 2017; Payment date August 24, 2017.
- August 2017: Record date August 31, 2017; Payment date September 21, 2017.
Legal Status of Information: The information regarding results of operations and distributions is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 9, 2017) for specific revenue, net income, and portfolio yield figures for the quarter ended March 31, 2017.
- Verify the exact distribution amount per share ($0.08333) and confirm eligibility based on the record dates listed.
- Check subsequent filings for any updates to the declared distribution schedule or changes in financial performance.
- Confirm the company's liquidity position and debt levels in the full quarterly report (10-Q) as they are not detailed in this 8-K.