Business Context and Reporting Period
Company: Prospect Capital Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: May 10, 2018 (Event Date: May 9, 2018)
Context: This filing announces the declaration of monthly cash distributions to shareholders and references a press release regarding financial results for the third fiscal quarter ended March 31, 2017.
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.
Declared Distributions:
- May 2018: $0.06 per share (Record: May 31, 2018; Payment: June 21, 2018)
- June 2018: $0.06 per share (Record: June 29, 2018; Payment: July 19, 2018)
- July 2018: $0.06 per share (Record: July 31, 2018; Payment: August 23, 2018)
- August 2018: $0.06 per share (Record: August 31, 2018; Payment: September 20, 2018)
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods. It notes the issuance of a press release for the third fiscal quarter ended March 31, 2017, but does not summarize the comparative data within this document.
Guidance, Outlook, and Risks
Management Commentary: The filing incorporates by reference a press release (Exhibit 99.1) containing financial results and distribution declarations. The text of the press release is not included in this summary.
Risks and Contingencies: No specific risks or contingencies are detailed in the body of this Form 8-K.
Unusual Items: None reported in the text of this filing.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated May 9, 2018) for detailed Q3 2017 financial results, including revenue, net income, and portfolio metrics.
- Verify the total annualized distribution yield based on the declared $0.06 per month rate against the current share price.
- Confirm the record and payment dates for the four-month distribution cycle (May through August 2018).
- Check for any subsequent filings regarding the company's liquidity position or debt covenants, as this 8-K does not provide current balance sheet data.