From GlobeNewswire: 2025-02-10 16:01:00

Prospect Capital Corporation (NASDAQ: PSEC) reported financial results for the quarter ending December 31, 2024. Net Investment Income was $86,431, with NII per Common Share at $0.20. Distributions to Common Shareholders were $65,554. Prospect expects to declare May 2025, June 2025, July 2025, and August 2025 distributions to common shareholders in May 2025, totaling $21.39 per share to original shareholders. Since 2004, Prospect has invested over $21 billion across 400 investments.

Prospect recently provided a $65 million investment to Taos Footwear Holdings, LLC, a leading footwear brand. Other recent investments include Druid City Infusion, Discovery Point Retreat, The RK Logistics Group, and iQor Holdings. The subordinated structured notes portfolio represented 5.8% of the investment portfolio as of December 31, 2024.

In real estate, Prospect exited 51 property investments with an unrealized gain of $522 million as of December 31, 2024. The remaining portfolio included 59 properties and paid an income yield of 6.9% for the quarter. The senior management team and employees own 28.7% of all common shares outstanding, approximately $1.0 billion of common equity as measured at NAV.

Prospect’s Middle-Market Loan Portfolio Company Weighted Average EBITDA was $101,644, with a Net Leverage Ratio of 6.1x. Investment originations for the March 2025 quarter were $110,724. Total assets as of December 31, 2024, were $7,234,855, with total liabilities of $2,164,305. Prospect has a diverse funding profile, including a $2.1 billion revolving credit facility.

Prospect has adopted a dividend reinvestment plan offering a 5% pricing discount. Shareholders interested in participating should contact their brokers to ensure enrollment. The company will host an earnings call on February 11, 2025, at 9:00 a.m. Eastern Time. For more information, visit www.prospectstreet.com or call 877-344-7529 with passcode 2146236.



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