Business Context and Reporting Period
Company: Prospect Capital Corporation
Filing Type: Form 8-K (Current Report)
Report Date: August 28, 2015
Reporting Period: Fourth fiscal quarter and fiscal year ended June 30, 2015.
Key Financial Metrics
This filing serves as a notification of the release of financial results and distribution declarations. The specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are contained in the referenced press releases (Exhibit 99.1) and are not explicitly detailed within the text of this Form 8-K.
Distribution Declaration:
- September 2015: 8.333 cents per share (Record Date: September 30, 2015; Payment Date: October 22, 2015).
- October 2015: 8.333 cents per share (Record Date: October 30, 2015; Payment Date: November 19, 2015).
Material Changes
The filing does not provide comparative financial data or explicit commentary on material changes versus prior periods. It references the issuance of a press release on August 26, 2015, containing the results for the quarter and year ended June 30, 2015.
Guidance, Outlook, and Risks
Management Commentary: The registrant announced the declaration of monthly cash distributions for September and October 2015.
Legal Status of Information: The information disclosed under Item 2.02 (Results of Operations) and Item 7.01 (Regulation FD Disclosure), including the attached press releases, is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. It is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated August 26, 2015) for detailed Q4 and full-year 2015 financial results, including revenue, net income, and portfolio metrics.
- Review Exhibit 99.2 (Press Release dated August 24, 2015) for the full text regarding the distribution declaration.
- Verify the record dates (September 30 and October 30, 2015) to ensure eligibility for the declared distributions.
- Note that the financial data in this 8-K is not "filed" for liability purposes under Section 18 of the Exchange Act.