Prospect Capital Corporation Declares Monthly Cash Dividend. Payable on June 17, 2021, July 22, 2021 and August 19, 2021 and September 23, 2021
May 10, 2021 at 04:36 pm EDT
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Prospect Capital Corporation declared monthly cash dividend of $0.0600 per share for the month of May, June, July and August 2021. The dividends will be payable on June 17, 2021, July 22, 2021 and August 19, 2021 and September 23, 2021 with record dates of May 27, 2021, June 28, 2021 and July 28, 2021 and August 27, 2021 respectively.
Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. The Companyâs investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. It invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. It may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P.