Prospect Capital results hurt by slow origination activity

• FQ4 net investment income of $84.1M or $0.25 per share is well south of expectations for $0.32 and stands against $98.5M and $0.31 one year ago. Originations slipped to $444M in FQ4 from $1.3B a quarter previous.
• The quarterly dividend is roughly $0.33 per share.
• The debt-to-equity ratio of 72.9% is up from 67.9% at the end of last quarter and 55.7% a year ago. Annualized yield of portfolio of 12.1% slides 40 basis points from the March quarter.
• Net asset value of $10.56 per share slips from $10.68 at end of March quarter. Today's closing stock price was $10.98.
• Conference call at 11 ET
• Previously: Prospect Capital misses by $0.07, misses on revenue
• PSEC -1.9% AH