Prospect Capital Corporation is among the oldest and largest BDCs. Throughout our 16+ years as a public
company, we have provided consistent returns to our shareholders through our disciplined approach to
investing in the U.S. middle market.
Attractive Dividend Yield
PSEC is a yield-oriented investor and has paid a continuous, regular dividend to its investors since inception. We have declared 148 consecutive dividends, totaling over $3.2 billion, since our 2004 IPO(2).
Focus on Senior and Secured Lending
PSEC is focused on providing senior and secured term loans to U.S. middle market businesses. Of our total investments, over 80% are in the form of loans secured by a first lien or other senior secured debt(1).
For the quarter ended on September 30, 2020, 92.6% of our total investment income was interest income on loans.
Proven Organization Strategies
Our team has developed a broad and deep network of U.S. middle market relationships
over many years of investing, including extensive relationships with private equity firms, other capital
providers, business owners and managers, and intermediaries.
Dividend Reinvestment Plan
We encourage any shareholder interested in participating in our dividend reinvestment plan (also known as a “DRIP” or “DRP”) to contact his or her broker to make sure such DRIP participation election has been made for the
benefit of such shareholder. In making such DRIP election, be sure to specify to your broker the desire to participate in the "Prospect Capital Corporation DRIP plan through DTC" that issues shares based on 95% of the market price (a 5%
discount to the market price), and not the broker's own "synthetic DRIP” plan with 0% discount.
Broad Investment Portfolio
Since its 2004 IPO, PSEC has made over 365 investments totaling $16.0 billion of capital with more than 122 portfolio companies today spanning 39 separate industries.
Large and Experienced Team
We cover the U.S. middle market with a team of over 90 professionals with experience investing across a range of industries and through multiple economic and investing cycles, with offices in New York and Connecticut. Our
investment professionals are supported by a dedicated team of attorneys, accountants, and other specialists.
Conservative, Strong Capitalization
With $5.4 billion of assets, PSEC is among the largest of the BDCs. We benefit from a strong balance sheet with long-term matched-book funding, reasonable leverage, and a high level of unencumbered assets. As affirmation
of our financial profile, we have investment grade ratings from S&P, Moody’s, Kroll, and Egan-Jones. Management and affiliates of Prospect own approximately 27% of outstanding PSEC shares as of 9/30/20, so we are very much aligned with our
shareholders.
Direct Stock Purchase Plan
Prospect Capital Corporation offers the opportunity to directly purchase its stock through a Direct Stock Purchase Plan administered by American Stock Transfer & Trust Company, LLC.