Quarterly ResultMay 7, 2026, 05:07 PM
Prospect Capital Q1 NII $78.5M, EPS $0.05; Declares $0.035 Monthly Dividend
AI Summary
Prospect Capital Corporation announced its financial results for the fiscal quarter ended March 31, 2026, reporting Net Investment Income of $78.5 million and Net Income per Common Share of $0.05. The company also declared monthly cash distributions of $0.0350 per common share for May, June, July, and August 2026, maintaining its consistent payout. Additionally, Prospect Capital highlighted its strategic focus on first lien senior secured middle market loans, which now constitute 72.0% of its portfolio at cost, and its initiatives in adopting AI and automation across its operations and portfolio companies.
Key Highlights
- Net Investment Income (NII) for Q1 FY26 was $78.5 million.
- Net Income per Common Share for Q1 FY26 was $0.05.
- NAV per Common Share decreased to $6.05 from $6.21 last quarter.
- Declared monthly common shareholder distributions of $0.0350 per share through August 2026.
- First lien senior secured loans increased to 72.0% of investments at cost.
- Originations totaled $115.3 million in the March 2026 quarter.
- Net of Cash Debt to Total Assets ratio improved to 27.0%.
- Exited 5 real estate properties in current fiscal year with 18% unlevered IRR.