Prospect Capital Corporation Declares Monthly Cash Dividend for the Month of September 2021 and October 2021, Payable on October 21, 2021, and November 18, 2021, Respectively
August 24, 2021 at 07:06 pm EDT
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Prospect Capital Corporation declared monthly cash dividend of $0.0600 per common share for the month of September 2021 and October 2021. The dividend will be payable on October 21, 2021, and November 18, 2021 with record date of September 28, 2021, and October 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.
Prospect Capital Corporation Declares Monthly Cash Dividend for the Month of September 2021 and October 2021, Payable on October 21, 2021, and November 18, 2021, Respectively