Seeking Alpha

Prospect closes another deal, declares dividends for Q4

  • Prospect Capital (PSEC) provides $61M in senior secured debt and equity for the recapitalization of Arctic Energy Services, brining total originations for the year to $1.55B. In the twelve months ending March 31, Prospect closed over $3.3B of originations.
  • Source: Press Release
  • The company also declares Q4 per share dividends of $0.11055 in October, $0.110575 in November, and $0.1106 in December.
  • Source: Press Release
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Comments (3)
  • critterlitter
    , contributor
    Comments (419) | Send Message
     
    It's nice to see PSEC continuing to strike deals as we go through this year. Although it's not a relatively "sizeable" one, it just adds to their already impressive investment portfolio.

     

    It's also nice to see Prospect expanding their dividend payment schedule out for the remainder of the year. Although this schedule is not binding, there's absolutely no reason to think that it will change.

     

    This will be a good year for Prospect, and certainly, with a solid dividend schedule, a good year for Prospect shareholders...

     

    Long, long PSEC.

     

    Peace.
    6 May, 10:31 AM Reply Like
  • Javelina
    , contributor
    Comments (85) | Send Message
     
    BINGO!
    6 May, 11:49 AM Reply Like
  • Info Seeker 89
    , contributor
    Comments (160) | Send Message
     
    Scott Kennedy predicted this last month. http://seekingalpha.co... I'm happy about the dividends. - Rob
    6 May, 02:51 PM Reply Like
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