Quarterly ResultMay 7, 2026, 04:45 PM
Prospect Capital Q3 NII per Share $0.16; Net Income per Share $0.05
AI Summary
Prospect Capital Corporation announced its financial results for the fiscal quarter ended March 31, 2026, reporting Net Investment Income (NII) of $0.16 per common share, a decrease from the previous quarter. However, Net Income applicable to common shareholders turned positive at $0.05 per common share, a notable improvement from losses in prior periods. The company also declared consistent monthly distributions of $0.0350 per common share through August 2026 and highlighted its strategic shift towards first lien senior secured middle market loans and the implementation of AI and automation initiatives.
Key Highlights
- Net Investment Income (NII) per common share was $0.16 for the quarter ended March 31, 2026, down from $0.19 in the prior quarter.
- Net Income applicable to common shareholders was $0.05 per common share, a significant improvement from a loss of $(0.01) in the prior quarter and $(0.39) YoY.
- Net Asset Value (NAV) per common share decreased to $6.05 as of March 31, 2026, from $6.21 as of December 31, 2025.
- Prospect Capital declared monthly distributions of $0.0350 per common share for May, June, July, and August 2026, totaling $0.135 per quarter.
- First lien senior secured middle market loans increased to 72.0% of investments (at cost) as of March 31, 2026, up 790 basis points from June 2024.
- Investment originations totaled $115.3 million for the quarter, with middle-market investments comprising 94.2% of originations.
- The company is actively implementing AI and automation initiatives within its operations and portfolio companies to enhance profitability.
- Balance Sheet Cash + Undrawn Revolving Credit Facility Commitments increased to $1.75 billion from $1.65 billion in the prior quarter.