Business Context and Reporting Period
Company: Prospect Capital Corp (PSEC)
Filing Type: Form 8-K (Current Report)
Date of Report: May 8, 2024
Reporting Period: Fiscal quarter ended March 31, 2024 (results announced via press release included as Exhibit 99.1).
Key Financial Metrics
This Form 8-K serves as a notification of the release of financial results and dividend declarations. The specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity for the quarter ended March 31, 2024, are contained within the referenced press release (Exhibit 99.1) and are not explicitly detailed in the body of this filing text.
Material Changes and Dividend Declarations
The filing details the declaration of monthly and quarterly cash distributions for various share classes effective May 8, 2024:
- Common Stock: Monthly distribution of $0.0600 per share declared for May, June, July, and August 2024.
- Floating Rate Preferred Stock: Monthly dividend of $0.152550 per share (based on an annualized rate of 7.32241% of the $25.00 stated value) declared for June, July, and August 2024.
- 5.50% Preferred Stock: Monthly dividend of $0.114583 per share (based on an annual rate of 5.50% of the $25.00 stated value) declared for June, July, and August 2024.
- 6.50% Preferred Stock: Monthly dividend of $0.135417 per share (based on an annual rate of 6.50% of the $25.00 stated value) declared for June, July, and August 2024.
- 5.35% Preferred Stock: Quarterly dividend of $0.334375 per share (based on an annual rate of 5.35% of the $25.00 stated value) declared for the period May 2024 through July 2024.
Guidance, Outlook, and Risks
The filing text does not provide specific management commentary, forward-looking guidance, or a discussion of risks and contingencies beyond the standard disclosure that the information is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for detailed Q1 2024 financial performance metrics (revenue, net income, NAV).
- Verify the record and payment dates for the declared dividends to ensure eligibility.
- Confirm the specific terms of the Floating Rate Preferred Stock dividend calculation (7.32241% annualized rate).
- Check for any subsequent filings regarding the actual payment of the declared distributions.