Prospect Capital Corporation (PSEC) News

Prospect Capital Corporation (PSEC): $8.02

-0.05 (-0.62%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Add PSEC to Watchlist
Sign Up

Industry: Private Equity


Ranked

of 37

in industry

Filter PSEC News Items

PSEC News Results

Date Symbol Company Title Start End Change POWR Rating
Loading, please wait...

PSEC News Highlights

  • PSEC's 30 day story count now stands at 4.
  • Over the past 13 days, the trend for PSEC's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
  • SAFE, BDC and PAYS are the most mentioned tickers in articles about PSEC.

Latest PSEC News From Around the Web

Below are the latest news stories about Prospect Capital Corp that investors may wish to consider to help them evaluate PSEC as an investment opportunity.

Prospect Capital: A 9% Yield That Is Not Worth Your Time

Photo by Dilok Klaisataporn/iStock via Getty Images More than 54,000 readers follow Prospect Capital (PSEC) on Seekingalpha.com. Prospect Capital pays a 9% dividend yield and is a popular income stock. Although the dividend is seductive and the BDC garners a lot of interest, I will explain why Prospect Capital is...

The Asian Investor on Seeking Alpha | April 12, 2021

Prospect Capital: 9% Yield, 11% Discount, Monthly Payer

Photo by Blue Planet Studio/iStock via Getty ImagesWe've covered several Business Development Companies, known as BDCs, in our recent articles. BDCs offer retail investors exposure to privately-held firms, which often are funded by venture capital firms. However, since they invest in privately-held companies, it's up to a BDC's management to...

Double Dividend Stocks on Seeking Alpha | April 10, 2021

Prospect Capital Corporation Announces Launch of Cash Tender Offers For its Outstanding 5.875% Senior Notes due 2023 and 6.375% Notes due 2024

NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced two separate cash tender offers (each a “Tender Offer” and collectively, the “Tender Offers”) to purchase (i) up to $30,000,000 aggregate principal amount of outstanding 5.875% Senior Notes due 2023 (the “2023 Notes”), and (ii) up to $30,000,000 aggregate principal amount of outstanding 6.375% Notes due 2024 (the “2024 Notes” and together with the 2023 Notes, the “Notes”). Each Tender Offer will expire at 12:00 midnight, New York City time, on May 5, 2021 (one minute after 11:59 p.m., New York City time, on May 4, 2021), or any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended, the “Expiratio...

Yahoo | April 7, 2021

Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 5.875% Senior Notes due 2023

NEW YORK, March 30, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced the results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated March 23, 2021 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on March 29, 2021 (the “Expiration Time”), according to information provided by D.F. King & Co., Inc., the information and tender agent for the Tender Offer, a total of $726,000 aggregate principal amount of Notes (defined below) had been validly tendered and not validly withdrawn in the Tender Off...

Yahoo | March 30, 2021

Prospect Capital Corporation Announces Launch of Cash Tender Offer For its 4.95% Senior Convertible Notes due 2022

NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase up to $30,000,000 aggregate principal amount of outstanding 4.95% Senior Convertible Notes due 2022 (the “Notes”). The Tender Offer will expire at 12:00 midnight, New York City time, on April 14, 2021 (one minute after 11:59 p.m., New York City time, on April 13, 2021), or any other date and time to which the Company extends the Tender Offer (such date and time, as it may be extended, the “Expiration Date”). The Tender Offer is made pursuant to an Offer to Purchase dated today, which sets forth the terms and conditions of the Tender Offer. Title of SecurityCUSIP / ISIN Nos.Outstanding PrincipalAmountAggregate...

Yahoo | March 16, 2021

Prospect Capital Corporation Announces Launch of Cash Tender Offer For Any and All of its Outstanding 6.375% Notes due 2024

NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on March 22, 2021, or any other date and time to which the Company extends such Tender Offer (such date and time, as it may or may not be extended, the “Expiration Time”). The Tender Offer is made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offer Title of SecurityCUSIP / ISIN Nos.Outstanding Principal Amount 6.375% Senior Notes due 2024 (the "Notes")74348TAS1 / US74348TAS15$82,262,000 The consideration to be paid for each $1,000 principal am...

Yahoo | March 16, 2021

Prospect Capital Corporation Continuous Preferred Stock Offering Proceeds Exceed $50 Million Since Initial Closing

NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”), announced today that our continuous preferred stock offering of up to 40,000,000 shares of Series A1, M1, and M2 with a $1 billion aggregate liquidation preference (the “Preferred Stock”) has raised $60.9 million in aggregate principal amount since the initial closing in the quarter ending December 31, 2020. “We have experienced strong investor demand in the market for this preferred stock investment providing capital protection, valuation stability, steady cash contractual income, and uncapped liquidity,” said Grier Eliasek, President and Chief Operating Officer of Prospect Capital Corporation. “We are pleased with the early success of our $1 billion preferred stock of...

Yahoo | March 15, 2021

Prospect Capital Corporation Announces Pricing of $25 Million of 3.706% Notes due 2026

NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $25 million in aggregate principal amount of additional 3.706% notes due 2026 (the “Notes”) on February 17, 2021. The Notes will be a further issuance of the 3.706% Notes due 2026 that Prospect (i) issued on January 22, 2021 in the aggregate principal amount of $325,000,000 and (ii) priced on February 12, 2021 and will issue on February 19, 2021 in the aggregate principal amount of $50,000,000 (collectively, the “existing 3.706% Notes”). The Notes will be treated as a single series with the existing 3.706% Notes under the indenture and will have the same terms (other than issue date and issue price) as the existing 3.706% Notes. The Notes wi...

Yahoo | February 18, 2021

Prospect Capital Corporation Announces Pricing of $50 Million of 3.706% Notes due 2026

NEW YORK, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $50 million in aggregate principal amount of additional 3.706% notes due 2026 (the “Notes”) on February 12, 2021. The Notes will be a further issuance of the 3.706% Notes due 2026 that Prospect issued on January 22, 2021 in the aggregate principal amount of $325,000,000 (the “existing 3.706% Notes”). The Notes will be treated as a single series with the existing 3.706% Notes under the indenture and will have the same terms (other than issue date and issue price) as the existing 3.706% Notes. The Notes will have the same CUSIP number and will be fully fungible for U.S. federal income tax purposes and rank equally in right of payment with the ...

Yahoo | February 16, 2021

Prospect Capital Factors Likely to Have Influenced Earnings Results Stock market Insights & financial analysis

Prospect Capital announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…

Stock Market Daily | February 9, 2021



Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!



Page generated in 0.705 seconds.