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Prospect Capital fiscal Q1 interest income disappoints

Nov. 06, 2019 4:54 PM ETProspect Capital Corporation (PSEC)PSECBy: Liz Kiesche, SA News Editor13 Comments
  • Prospect Capital (NASDAQ:PSEC) fiscal Q1 net investment income of $71.1M, or 19 cents per share, rises from $69.6, or 19 cents per share in Q4 2019.
  • Per-share figure matches the consensus estimate.
  • Falls from $85.2M, or 23 cents, in the year-ago quarter.
  • Q1 total interest income of $146.0M misses the consensus estimate of $163.0M and falls from $159.4M in the year-ago quarter.
  • PSEC dips 0.5% in after-hours trading.
  • NII/distributions to shareholders improves to 107% vs. 105% in Q1, down from 130% in Q4 2019.
  • NAV per share of $8.87 slips from $9.01 at June 30, 2019.
  • Total investments (at fair value) of $5.45B at quarter-end vs. $5.65B at June 30, 2019.
  • Annualized current yield for all investments were 10.2% vs. 10.6% for the June quarter.
  • Conference call on Nov. 7 at 11:00 AM ET.
  • Previously: Prospect Capital NII in-line, misses on total investment income (Nov. 6)

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