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Prospect Capital报告第四季度业绩

2024-08-29 04:37

  • Prospect Capital press release (NASDAQ:PSEC): Q4 NII per Common Share of $0.25
  • Total Investment Income of $212.26M, vs. $221.50M a year ago
  • Downside Protection Focus: 81% of portfolio in first lien, secured, or underlying secured assets.
    • Multi-Line BDC: Multiple strategies – middle-market lending (52%), middle-market lending / buyout (19%), real estate (19%), and subordinated structured notes (7%).(1)
    • Track Record: Invested $20.9B across 423 investments (303 exited) during 20-year history.
    • Recurring Income: 89% of total investment income from interest income for the quarter ended 6/30/2024.
    • Successful Credit Facility Closing: On 6/28/2024, Prospect successfully completed an amended and extended credit facility with a new 5-year maturity. The credit facility has $2.1 billion of commitments from 48 commercial banks, an increase of $168 million from 3/31/2024.
    • Cash Distributions to Shareholders: Prospect will have distributed $21.12 per share since 2004 to original common shareholders, representing 2.4 times June 2024 common NAV per share and 4.1 times the stock price on 8/27/2024, and aggregating $4.3 billion in cumulative distributions to all common shareholders (since inception through our October 2024 declared distribution and taking into account past distributions and our current share count for declared distributions).
    • Higher Total Returns: Prospect has higher total returns (38.7%) compared to the publicly-traded BDC median (37.0%) based on the 5-year total change in NAV plus dividends.

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