Seeking Alpha

PSEC
  Prospect Capital Corporation - NASDAQ

11/26/2014, 11:34 PM ET
  • Phasmida Capital | Send Message 22 Aug 2013

    Still long but $PSEC charges very high asset management fees. 26.63% of total investment income. Twice that of $TCPC on investment income
    Reply (2)
    • Teriee | Send Message 22 Aug 2013
      : PSEC Shareholders treated very well too....so your point is?????
    • Phasmida Capital | Send Message 22 Aug 2013
      : Equals 6.6% of market cap annually to asset management fees. They get paid like rockstar managers. I don't say they don't deserve it.
      PSEC vs. ETF Alternatives
      Company Description
      Prospect Capital Corporation Prospect Capital Corporation is a closed-end investment company. It invests in senior and subordinated debt and equity of companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and o
      Sector: Financial
      Country: United States