NEW YORK, NY — (MARKET WIRE) — 03/24/09 — Prospect Capital Corporation (NASDAQ: PSEC)(“Prospect” or “Company”) announced today that it has declared a thirdfiscal quarter (for the fiscal year ending June 30, 2009) dividend of$0.405 per share.
This dividend marks the Company’s 18th consecutive quarterly increase. Thedividend now represents an approximately 17.5% current annualized dividendyield based on the closing stock price for March 23, 2009 of $9.27. Theex-dividend date is Friday, March 27, 2009. The record date is Tuesday,March 31, 2009. The payment date is Monday, April 20, 2009.
The Company is revising its guidance for net investment income for thequarter ending March 31, 2009. The company is projecting net investmentincome of $0.38 to $0.41 per share for the quarter.
Dividend History:
Dividend Per Share Quarter Ended------------------ -------------$0.405 March 31, 2009$0.40375 December 31, 2008$0.4025 September 30, 2008$0.40125 June 30, 2008$0.40 March 31, 2008$0.395 December 31, 2007$0.3925 September 30, 2007$0.39 June 30, 2007$0.3875 March 31, 2007$0.385 December 31, 2006$0.38 September 30, 2006$0.34 June 30, 2006$0.30 March 31, 2006$0.28 December 31, 2005$0.20 September 30, 2005$0.15 June 30, 2005$0.125 March 31, 2005$0.10 December 31, 2004
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com/) is a closed-endinvestment company that lends to and invests in private and microcap publicbusinesses. Our investment objective is to generate both current income andlong-term capital appreciation through debt and equity investments.
We have elected to be treated as a business development company under theInvestment Company Act of 1940 (“1940 Act”). We are required to comply witha series of regulatory requirements under the 1940 Act as well asapplicable NASDAQ, federal and state rules and regulations. We have electedto be treated as a regulated investment company under the Internal RevenueCode of 1986. Failure to comply with any of the laws and regulations thatapply to us could have an adverse effect on us and our shareholders.
This press release contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995, whose safe harborfor forward-looking statements does not apply to business developmentcompanies. Any such statements, other than statements of historical fact,are highly likely to be affected by other unknowable future events andconditions, including elements of the future that are or are not under ourcontrol, and that we may or may not have considered; accordingly, suchstatements cannot be guarantees or assurances of any aspect of futureperformance. Actual developments and results are highly likely to varymaterially from these estimates and projections of the future. Suchstatements speak only as of the time when made, and we undertake noobligation to update any such statement now or in the future.
For additional information, contact:Grier EliasekPresident and Chief Operating OfficerEmail ContactTelephone (212) 448-0702