Prospect Capital Announces $200 Million Share Buyback and Maintains Monthly Distributions
Prospect Capital Corporation (PSEC) has authorized a new share repurchase program totaling $200 million. Despite the capital allocation toward buybacks, the company confirmed it will maintain its current monthly dividend distribution of $0.035 per share. During the Q1 2027 earnings call, Chairman and CEO John Barry reported that net investment income (NII) for the September quarter reached $76 million, or $0.15 per common share. The company's Net Asset Value (NAV) stood at approximately $2.9 billion, representing $5.36 per common share as of September 30.
Tickers: $PSEC
Topics: Financial Results Net Asset Value Net Investment Income