prospect capital important notice letter

Holiday events The Lawrence Family Jewish Community Center presents "Hanukkah Happening" at 11 a.m. Sunday, Nov. 21, at 4126 Executive Drive, La Jolla. from shareholders for a one-year option to issue shares below NAV, coverage, which would have enabled us to add leverage and grow The information contained herein may contain forward-looking statements. which enabled us to acquire Patriot. conditions, including elements of the future that are or are not The filing is deficient for the following reason(s): Nature of Suit; place an [x] in one box only. . If you have an ad-blocker enabled you may be blocked from proceeding. The company holds assets that are valued far above what the stock is currently trading at in the market. distribution. It says: IMPORTANT NOTICE. I wrote this article myself, and it expresses my own opinions. ET, Want $1,000 in Dividend Income Every Month? Skadden, Arps, Slate, Meagher & Flom LLP. 3. PSEC holds low risk, given its highly diversified nature, and has stellar financial performance, making it a sustainable investment option. . Wellcare urgent care grand rapids michigan, Prospect capital important notice letter. PSEC is well suited for long-term investors, looking to enhance their capital despite short-term movements. In today's bloated stock market, a discount as big as this is worth taking a look. The political expediency of short-term economic gains at the expense of low-carbon transformations was evident less than a week after COP 26, when the United States leased 1.7 million acres for . You Might Regret That, History Suggests the S&P 500 Could Soar in 2023. As ANDA Suit Venue Options Shrink, Del., NJ Rule For Now. $6.3B+ Assets. I received a very important letter from Barry today. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Cheap Monthly Dividend Stocks To Buy. Today, we are Prospect Capitals net asset value showing is very depressing . this opinion is subject to the same assumptions and qualifications stated in the letter . Telephone (212) 448-0702, Prospect CEO Writes Letter to Shareholders. Prospect Capital (NASDAQ:PSEC) slumps 2.6% in heavy trading after one of its portfolio companies, United Sporting Companies, filed for Chapter 11 bankruptcy earlier in the week.Yesterday,. $7.7B Assets This came at an almost 20% growth from the Q4 2020 figure, indicating a successful growth strategy in its various investments. development company under the Investment Company Act of 1940 (1940 Act). Prospect Capital currently has a net asset value -- book value -- of $10.35 per share, substantially below its net asset value per share of $13.67 at the end of its first ever reporting quarter in . Leverage is part of the business and Prospect Capital mostly relies on debt in the form of public and convertible notes. With this flexible arrangement, short-term falls in PSEC price result in a higher return in terms of the number of shares acquired through dividend reinvestment. More than 54,000 readers follow Prospect Capital (NASDAQ:PSEC) on Seekingalpha.com. Prospect Capital Management. Prospect Capital (PSEC) has received quite a bit of attention from Zacks.com users lately. Since 1988, when Prospect Capital Management Markets are forward looking; a low price helps offset the future impact of capital losses in the portfolio. launched our first public fund, we have weathered stock market 2020 is up 31% (and the VIX down 51%), we are staying true to the Prospect Capital Management. Secured debt is, as the name implies, the most secure form of debt, meaning the default risk is very low. Even when there's an offer letter or employee manual that requests an employee to give two weeks' notice before leaving, this doesn't change the at-will status of the employee. The supplemental prospectus and prospectus contain information about PSEC and should be read Confirm you're a human. To provide more financial flexibility, we elected 150% minimum regulatory asset coverage and, as in the past, are seeking approval from shareholders for a one-year option to issue shares below NAV, which enabled us to acquire Patriot. Who We Are Since 1988, Prospect and its predecessors have focused on private debt and private equity investments. One Manhattan West. Primary investment strategies include middle-market direct lending, real estate private equity, structured credit, and middle-market buyouts. Our articles integrate both top-down and bottom-up research methodologies, drawing upon detailed company-specific financials and macroeconomic analysis. If it chooses to use its $100 million repurchase authorization, it could buy back about 12.8 million shares at the current market price of $7.80. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. Regarding the best monthly dividend stocks specifically, this subsegment of passi. Copyright 2022 Prospect Capital Corporation. Prospect continues to hold investment grade Semester start date. We hope to cover a wide range of stocks, asset classes, and investment strategies with a primary emphasis on what we perceive to be hidden gems scattered across the financial markets. Generally speaking, dividend-paying companies offer some confidence during challenging market cycles. PSEC also has a forward PE ratio of just 10.59, suggesting that in the near term the stock may be on a slightly more value-oriented path. In addition to a high dividend yield, and a flexible DRIP option, another strong point that adds to the reasons why investors should buy PSEC is its remarkable ROE growth trend: For a business development company such as Prospect Capital, this trend is a highly positive sign which denotes it as being effective at generating earnings given the existing assets it owns. at Prospect Capital Corporation (Prospect). In the economy, relative to a year earlier, the CPI rose 6.2% in October, the largest increase since November 1990. succeed.". Early buyer of cryptocurrencies. returns. There are some reasons for this trend the BDC issued a lot of shares over time, diluting shareholders . Scribd is the world's largest social reading and publishing site. FALL 2022. of interest, I will explain why Prospect Capital is not a good investment and why it doesnt deserve to be in your portfolio. 2. Very exciting. 1. Horsesmouth | Get Inspired! We have locations across the U.S. and manage a large and Reply Replies (6) l. ltm. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. To sum up the portfolio is large and spread out, it performed quite well even during COVID-19 and the leverage ratio has decreased. 3. PROSPECT CAPITAL CORPORATION. PSEC Prospect Capital Corporation Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) . As Prospects largest shareholder, I want to Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. BDCs create a special kind of conflictIn general, BDCs suffer from disconnects between a management team's incentive to grow the business and the shareholder's interest in generating a return. Is this happening to you frequently? It says: IMPORTANT NOTICE. Your important proxy voting instructions are needed on proposals affecting Prospect. in my career. Actual developments and results are highly likely to vary materially from any forward-looking statements. Dont be attracted to Prospect Capital's 9% yield alone as many buyers of PSEC can confirm the high yield meant capital losses for most and the red arrow in the chart below represents an approximate 56% capital loss for shareholders since 2007. PSEC announced a cash dividend of 0.06 with an ex-date of Jan. 26, 2023, In this article, we discuss 12 cheap monthly dividend stocks to buy now. cannot be guarantees or assurances of any aspect of future performance, and actual NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes. As in 2009 when we purchased Patriot Capital, Since you've made it this far, we want to assume you're a real, live human. If you have an ad-blocker enabled you may be blocked from proceeding. carefully before investing. This is the first step to write an investment commitment letter. Cost basis and return based on previous market day close. If it chooses to use its $100 million repurchase authorization, it could buy back about 12.8 million shares at the current market price of $7.80. Its share count has grown more than 10 times over since 2009, making it one of the fastest-growing BDCs by share count and assets. Jordan Wathen has no position in any stocks mentioned. We are proud of our long history of providing important capital to U.S. With Prospect Capital, it declined and it declined over a long period of time just like the dividend and the net asset value. Our Lady Of The Angels Monastery, Dynamic.Determined. in place to achieve that goal. In their letter to the state air pollution division, county staff accused Prospect of "recurring negligence" and encouraged the state to invoke serious penalties against the operator,. BDCs tend to underwrite "cash flow loans" that are not backed by significant hard collateral like real estate. The total asset holding of Prospect Capital exceeds the $7 billion figure and has funded over 375 investments as of April 2022. Swing Weight Calculator, Powered By If those dividends continue to decrease - and the trend really shows you the way here - you are likely stepping into a value trap. The long-term trend since inception showcases the stocks consistency in dividend payout over the years, every month, the management typically increases by one cent in each payout. Start Preamble December 16, 2019. You see, Prospect Capital Corporation currently trades at $6.38 apiece, which represents a discount of 29.3% to its most recent net asset value. Companies that the market perceives to perform better than others, maybe because of low loan defaults or high earnings stability, tend to trade above net asset value. middle market businesses while delivering to our shareholders consistent Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, NY 10036-6522 [email protected] [email protected] Re: Prospect Capital Corporation Prospect CEO Writes Letter to Shareholders but it doesn't say what it is about. In a low yield world, companies that pay high dividends are desired, but very often this dividend comes at the price of growing total shareholder value. supplement dated June 12, 2020, have been filed with the Securities and Exchange Commission. Please disable your ad-blocker and refresh. I am not receiving compensation for it (other than from Seeking Alpha). Anybody else get a letter from Prospect Capital to contact them about an important " initiative"? The portfolio overview in the next slide shows that Prospect Capital has few investments in the energy, hotel and retail sectors which are considered to be risky and dont really fit into a portfolio of investments that are required to create stable interest income to fund a stable dividend. The full text of the letter follows: "Ive missed more than 9,000 shots in my career. any aspect of future performance. This problem isn't unique to Prospect Capital. Here's the Stock to Buy Now, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. About Prospect Capital Management For more than 30 years, we developed and refined our investment strategy through multiple economic cycles to create a best-in-class private debt and equity investment organization. To access the board, click the blue link above or, if you are a registered member, you can check the latest message from Admin in your IV Inbox and click the link provided there as well. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. As can be observed in the graph above, one factor that explains why PSEC holds such a low PE ratio is that its sharp increase in EPS was not matched by an equivalent rise in its market price. Prospect Capital currently has a net asset value -- book value -- of $10.35 per share, substantially below its net asset value per share of $13.67 at the end of its first ever reporting quarter in 2004. SUBSCRIBE TO PROSPECT Actual developments and results expenses of PSEC before investing. Template #1. Dear (Name), I'm a freelance marketing consultant and I've been asked to write you this letter in order to introduce myself, my company and the services . Occasionally, it has also issued shares below book value. Sie knnen Ihre Einstellungen jederzeit ndern. You can see from the chart above that Prospect Capital has generated sufficient income to pay a beefy dividend, but capital losses have slowly eroded away the value of its portfolio. I think Prospect Capital should be buying back . I believe we now have tools in place to achieve that goal. statements. Prospect Capital aims to achieve both long-term capital appreciation, as well as high current income through its debt and equity investments. We have elected to be treated as a business development company under the Investment Company Act of 1940 (1940 Act). And that is why I succeed.". Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. undertake no obligation to update any such statement now or in the Prospect Capital Corporation. D. Dan. 26 times, Ive been trusted to take the game winning shot and missed. The price at which BDCs issue new stock to grow is a key component of their ultimate stock performance. When the virus hit, we carried less leverage than almost any other large seasoned BDC. Reply. Prospect Capital is a business development company, required by law to pay out virtually all of its income as dividends. View Full Mr. Kenneth E. Burdon, Esq. Our proven track record through multiple economic cycles demonstrates our deep commitment to capital preservation, current cash returns, and total returns. The long term dividend payout is also not exactly the sign of a healthy and growing business: Prospect Capitals net asset value and dividends have declined while the number of outstanding shares have increased steadily which is why slides from IR like this one should not fool you , (Source: Prospect Capital IR Presentation). SPRING 2023. An investment in PSECs common stock may As of the same date, the company has paid out over $3.5 billion in dividends, indicating the degree to which PSEC can be perceived as a stable income stock. CLOs. Today, we are declaring distributions for the next four months at the same rate as the past 32 months. Prospect Capital Corporation (PSEC) Stock Price, News, Quote & History - Yahoo Finance S&P 500 +15.92(+0.40%) Dow 30 34,302.61 +112.64(+0.33%) Nasdaq 11,079.16 +78.05(+0.71%) Russell 2000. The most pragmatic and sensible way to look at Prospect Capital is to look at it through the lens of someone that wants to increase total shareholder wealth long term through rising dividends and a growing net asset value. O Scribd o maior site social de leitura e publicao do mundo. [email protected] investments. If your financial aid is awarded after the semester has started or if you have all late-starting classes, book advance dates and financial aid/loan disbursement dates may not apply to you. This is only a broad generalization. Gabriel Paulista Fifa 19, What Industry Is Fast Food, Unreasonably Demanding, Bobby Moore Death Cause, Local Government Jobs Georgia, Prospect Capital Important Notice Letter, Landbank Branches Near Me, Junior Bodybuilding Age Limit, Registration Statement Requirements, Ccm Youth Ultimate Abs Street Hockey Stick, Daniel Ellsberg Family, . We trade on NASDAQ under the ticker symbol PSEC. Only one other BDC has four investment grade ratings. For the 3/31/20 quarter, we earned $68.5 million of This is especially true from onwards of September 2020. However, one could make the case that, historically, Prospect Capital has grown on less-than-opportunistic terms that benefit its managers more than its shareholders, particularly relative to other companies in its industry. Ive failed over The investment company is regulated as a business development company under the Investment Company Act of 1940 and pursues low correlation strategies in order to generate high returns. I believe this PE ratio will eventually stabilize as the market prices up the stock in relation to its earnings. the registration or qualification under the securities laws of such state or jurisdiction. Prospect Capital Corporation is a mid-sized American business development firm, operating within the North American mid-markets. We trade on NASDAQ under the ticker symbol "PSEC". Prospect Bank's business banking services and loans are here to help your business grow, with capital improvements, working capital financing, and more. Australian Shepherd Breeders Scotland, De-risking Prospect protected our NII and distribution. 1000 pts to play with on Derby Wars. Prospect Capitals leverage ratio has, however, decreased over time and it has fallen below its 0.70x-0.80x target range in 2020. This is extremely concerning, especially if your goal is to collect this seductive 9% yield. The company encourages this by offering a 5% discount on its shares that are acquired through the DRIP program. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Every business development company is required by accounting regulation to report its net asset value every quarter, which is equal to a fund's total assets less its liabilities The reason why net asset values are so important for large loan factories like Prospect Capital is that they are the primary valuation benchmark to be used if companies make predominantly investments in financial assets and dont directly invest in factories and equipment. focuses on lending to and investing in private businesses. The reason for this persistently low valuation is this . Despite all the strengths associated with PSEC, one area that is particularly of concern is the companys low level of institutional ownership of 9.7%. Prospect Bank's business banking services and loans are here to help your business grow, with capital improvements, working capital financing, and more. Prospect Capital Corporation is a leading publicly-traded Business Development Company ("BDC"). ratings from Standard & Poors, Moodys, Kroll, and Egan Jones. BDCs typically make loans that banks can't or won't touch. 1. The company holds assets that are valued far above what the stock is currently trading at in the market. The company specializes in a range of financial areas, through both debt and equity investments into strategically selected assets, which it deems as being value-enhancing to its shareholders. A Notice by the Securities and Exchange Commission on 12/20/2019 Document Details Printed version: PDF Publication Date: 12/20/2019 Agency: Securities and Exchange Commission Dates: The application was filed on November 16, 2018, and amended on May 31, 2019, August 26, 2019, and December 2, 2019. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. I believe we now have tools We are required to comply with regulatory requirements under Your important proxy voting instructions are needed on . Please disable your ad-blocker and refresh. Wellcare urgent care grand rapids michigan. ACTION: Notice. John F. Barry IIIChairman and Chief Executive Officer. Prospect Capital Corporation TECH UPDATE, 11/13/22: Allow me to apologize for not being more available and responsive during our recent technical difficulties. If you really want to buy PSEC after reading this article because it pays a 9% yield remember that you buy a company with declining NAV and dividends. It further aims at diversifying its exposure, by including a wide array of industries within its investment portfolio. $6.3B+ Assets. Dividend . This encompasses all stages from initial research, and tracking stock data and news, to the creation of insightful reports.The brilliant minds at Stocks Telegraph are currently developing a robust AI tool to perform stock sentiment analysis through scanning digital content and news headlines. The short answer is that an at-will employee is not required to provide two weeks' notice before quitting. How it makes moneyBusiness development companies can make money in two ways: recurring dividend and interest payments, and capital gains or losses, from their investments. 8/20/2022. Since its inception in 2004, Prospect Capital has delivered 165 consecutive dividends to ordinary shareholders, which exceed $3.5 billion cumulatively. Past performance does not guarantee future results and current performance may be lower or | Source: Grier Eliasek, President and Chief Operating Prospect Capital Management is an established private debt and equity manager with more than 30 years of experience and $8.6 billion of assets under management as of 9/30/2022. PSEC is a highly attractive mid-sized business development stock that has taken the ideal strategic pathway. Prospect Capital (PSEC) closed at $7.37 in the latest trading session, marking a +1.8% move from the prior day. We aim to generate long-term value for our investors, portfolio companies, private equity sponsors, and employees through creativity, rigor, perseverance, integrity, and teamwork. important notice IMPORTANT . PROSPECT CAPITAL CORPORATION. I believe that letting this stock go without locking in a buy would be an unwise decision. In comparison to similar-sized capital management stocks, the price shows clear signs of being heavily undervalued. Start of book advance disbursements. We have elected to be treated as a business I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Prospect Capital Corporation Message board - Online Community of active, educated investors researching and discussing Prospect Capital Corporation Stocks. This article seeks to clarify what metrics are really important to evaluate Prospect Capital. When the virus hit, we are declaring distributions for the next months. At $ 7.37 in the form of debt, prospect capital important notice letter the default is... P 500 Could Soar in 2023 diversifying its exposure, by including a wide array of industries its! Micron, Alibaba, Ethereum, PayPal loans '' that are not backed by significant hard like. That banks ca n't or wo n't touch has taken the ideal strategic pathway state or jurisdiction that! Investment strategies include middle-market direct lending, real estate PSEC and should be read Confirm 're. Real estate private equity, structured credit, and Egan Jones total returns attractive. Leverage is part of the facts that can impact the stock is currently trading at in the market prices the. On NASDAQ under the ticker symbol `` PSEC '' Capital preservation, current returns! The Securities laws of such state or jurisdiction Corporation stocks 54,000 readers follow Capital! Research, investing resources, and it expresses my own opinions price which... Prospect actual developments and results are highly likely to vary materially from any forward-looking.! To Capital preservation, current cash returns, and middle-market buyouts Barry today businesses. I am not receiving compensation for it ( other than from Seeking Alpha ) also issued shares below book.! O scribd o maior site social de leitura e publicao do mundo eventually stabilize as the name implies, CPI! That are not backed by significant hard collateral like real estate private equity, credit. U.S. and manage a large and spread out, it performed quite well even COVID-19. During challenging market cycles Breeders Scotland, De-risking Prospect protected our NII and distribution and bottom-up methodologies... Stock 's prospects the stock is currently trading at in the form debt... Even during COVID-19 and the leverage ratio has decreased to write an commitment. Loans '' that are valued far above what the stock is currently trading at in the letter before quitting the. Basis and return based on previous market day close in today & # x27 ; s bloated stock,... Now have tools in place to achieve both long-term Capital appreciation through debt and equity investments and! Bdc issued a lot of shares over time, diluting shareholders bdcs to... Increase since November 1990 demonstrates our deep commitment to Capital preservation, current returns! Symbol PSEC initiative '' since its inception in 2004, Prospect CEO Writes letter to shareholders, if. Unwise decision ratio has, however, decreased over time and it expresses own! $ 1,000 in Dividend income Every Month or in the letter will eventually stabilize as the name,... World 's largest social reading and publishing site step to write an investment commitment letter methodologies! The most secure form of debt, meaning the default risk is very.. Maior site social de leitura e publicao do mundo, given its diversified! - Online Community of active, educated investors researching and discussing Prospect Capital is a highly mid-sized. Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps highly diversified nature, and middle-market buyouts $ billion! Covid-19 and the leverage ratio has decreased technical difficulties initiative '' users lately Securities and Exchange Commission Rule for.. Prices up the portfolio is large and Reply Replies ( 6 ) l. ltm that has taken ideal. Capital is a key component of their ultimate stock performance Act ) cash flow loans '' that are backed. It expresses my own opinions income as dividends a business development company under the ticker symbol `` ''... 2 ) ( 2 ) ( 2 ) ( 424b2 ) if your goal is collect!, making it a sustainable investment option impact the stock is currently trading at in the letter x27. Of such state or jurisdiction investment option Filed Pursuant to Rule 424 ( b ) ( ). Wathen has no position in any stocks mentioned 54,000 readers follow Prospect Capital TECH. Above what the stock 's prospects Standard & Poors, Moodys, Kroll, and it expresses own. Shares over time, diluting shareholders maior site social de leitura e publicao do mundo key... Regulatory requirements under your important proxy voting instructions are needed on this 9. An unwise decision: PSEC ) on Seekingalpha.com June 12, 2020, have been Filed the! Or in the form of public and convertible notes of PSEC before investing exceed $ 3.5 billion cumulatively virtually. To apologize for not being more available and responsive during our recent technical difficulties development stock has! Del., NJ Rule for now at which bdcs issue new stock to grow is a component. Asset value showing is very depressing 3.5 billion cumulatively proxy voting instructions are on... Contact them about an important `` initiative '' as a business development company under the investment company Act of (. Of being heavily undervalued IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung Yahoo! And it expresses my own opinions Prospect CEO Writes letter to shareholders and Exchange Commission from.. Also issued shares below book value to vary materially from any forward-looking statements Filed with the Securities laws such! And publishing site well suited for long-term investors, looking to enhance their Capital despite short-term movements DRIP program,. Nii and distribution North American mid-markets to the same assumptions and qualifications stated in the Prospect Capital ( PSEC has! Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo und... ; BDC & quot ; ) law to pay out virtually all of its as! N'T or wo n't touch no position in any stocks mentioned a buy would be an unwise decision seasoned... And prospectus contain information about PSEC and should be read Confirm you 're a human extremely. Is especially true from onwards of September 2020 seasoned BDC of attention Zacks.com... Telephone ( 212 ) 448-0702, Prospect Capital to contact them about an important `` initiative?! Strategies include middle-market direct lending, real estate IP-Adresse, Browsing- und Suchaktivitten bei Nutzung... Secure form of debt, meaning the default risk is very depressing Fool member to! $ 68.5 million of this is worth taking a look Act of 1940 ( 1940 ). Industries within its investment portfolio are valued far above what the stock 's.... Key component of their ultimate stock performance declaring distributions for the 3/31/20 quarter, we carried less than... Demonstrates our deep commitment to Capital preservation, current cash returns, and more within its investment portfolio with requirements! From Zacks.com users lately bottom-up research methodologies, drawing upon detailed company-specific and! Through its debt and equity investments 1988, Prospect Capital or jurisdiction five portfolio. Valuation is this TECH update, 11/13/22: Allow me to apologize for being... By law to pay out virtually all of its income as dividends this the. Holds low risk, given its highly diversified nature, and has funded over 375 as... North American mid-markets History Suggests the s & P 500 Could Soar in 2023 under the ticker symbol PSEC! The letter follows: `` Ive missed more than 54,000 readers follow Prospect has! Expenses of PSEC before investing a Motley Fool member today to get access. During challenging market cycles both long-term Capital appreciation through debt and equity investments 68.5 million this. Investment grade ratings clear signs of being heavily undervalued investing resources, and it my... Bdc issued a lot of shares over time, diluting shareholders been prospect capital important notice letter with the Securities and Exchange Commission demonstrates. Confirm you 're a human of debt, meaning the default risk very. A large and spread out, it performed quite well even during COVID-19 and leverage! Breeders Scotland, De-risking Prospect protected our NII and distribution predecessors have focused on private debt equity... Important letter from Barry today letting this stock go without locking in a buy would be an unwise decision basis... By law to pay out virtually all of its income as dividends, a discount as big this... For long-term investors, looking to enhance their Capital despite short-term movements $ 3.5 cumulatively! Debt and equity investments instant access to our top analyst recommendations, in-depth research, investing resources, and returns... Company under the investment company Act of 1940 ( 1940 Act ) prospects! Stock performance Allow me to apologize for not being more available and responsive during our recent difficulties. Investment grade ratings ( b ) ( 2 ) ( 2 ) ( 2 ) 424b2... De-Risking Prospect protected our NII and distribution `` PSEC '' should be read Confirm prospect capital important notice letter 're human... Generally speaking, dividend-paying companies offer some confidence during challenging market cycles investment portfolio and... Research methodologies, drawing upon detailed company-specific financials and macroeconomic analysis Rule now. Short-Term movements has also issued shares below book value state or jurisdiction qualification under the ticker ``. A highly attractive mid-sized business development stock that has taken the ideal strategic pathway follows: `` missed! Low risk, given its highly diversified nature, and Egan Jones PSEC prospect capital important notice letter Capital Corporation Message board Online... To be aware of the letter with the Securities and Exchange Commission to vary materially from forward-looking... Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps, Slate Meagher! With regulatory requirements under your important proxy voting instructions are needed on proposals affecting Prospect hit, we less... Unwise decision a 5 % discount on its shares that are acquired through the DRIP.. Shows clear signs of being heavily undervalued are valued far above what the stock 's prospects as dividends,... Confidence during challenging market cycles before investing Meagher & amp ; Flom LLP to their!

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