Diligent. Dynamic.Determined.

Prospect Capital Corporation is a leading publicly-traded Business Development Company (“BDC”). We make debt and equity investments in U.S. middle market businesses across a range of industries, and seek to deliver steady, attractive returns to our shareholders.

We trade on NASDAQ under the ticker symbol “PSEC”.

$5.9B+Assets
300+Businesses Funded
$2.5B+Dividends Declared

About Prospect Capital

Our Team

Managed by a team of over 100 professionals with experience managing through multiple economic and investing cycles, with offices in New York and Connecticut

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Our Strategy

Focused on the U.S. middle market, with over 83% of investment assets in loans secured by a first or second lien(1) and with over 120 portfolio companies spanning 30+ separate industries

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OUR MISSION

Deliver consistent returns and preserve capital, independent of market timing, through a culture of transparency, collaboration, and alignment with investors

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WHY INVEST IN PROSPECT?

Prospect Capital Corporation is among the oldest and largest BDCs. Throughout our 13+ 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.

 

Click the links on the right to learn more about Prospect.

Attractive Dividend Yield

Broad Investment Portfolio

Focus on Senior and Secured Lending

Large and Experienced Team

Proven Organization Strategies

Conservative, Strong Capitalization

We are proud of our long history of providing important capital to U.S. middle market businesses while delivering to our shareholders consistent returns. We have locations across the U.S. and manage a large and diversified investment portfolio. We are among the leading providers of capital to the middle market.

JOHN BARRY
Chairman and CEO

Industry Diversity

Senior and Secured lending focus

Latest From Prospect

Prospect Capital Corporation
(NASDAQ: PSEC)
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Why Invest In Prospect?

Prospect Capital Corporation is among the oldest and largest BDCs. Throughout our 13+ 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.

 

Click the links on the right to learn more about Prospect.

Attractive Dividend Yield

Attractive Dividend Yield

PSEC is a yield-oriented investor and has paid a continuous, regular dividend to its investors since inception. We have declared 117 consecutive dividends, totalling over $2.5 billion, since our 2004 IPO.(2)

Focus on Senior and Secured Lending

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 83% are in the form of loans secured by a first or second lien(1). For calendar year 2017, 94.7% of our total investment income was interest income on loans.

Proven Organization Strategies

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.

Broad Investment Portfolio

Broad Investment Portfolio

Since its 2004 IPO, PSEC has invested over $13 billion in over 300 businesses, with over 120 portfolio companies today spanning 30+ separate industries. We underwrite our investments as floating-rate loans, positioning PSEC to benefit from rising interest rates.

Large and Experienced Team

Large and Experienced Team

We cover the U.S. middle market with a team of over 100 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

Conservative, Strong Capitalization

With over $5.9 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 and Kroll. Management and affiliates of Prospect own 15.1% of outstanding PSEC shares as of 2/6/2018, so we are very much aligned with our shareholders.

All information derived from PSEC filings and management, and is as of 12/31/17 unless otherwise noted.

1Includes underlying collateral in securitizations, represented by Prospect’s investments in CLOs.
2Dividends may not continue at the current level if at all.
3Structured Finance represents PSEC’s investments in CLOs which are broadly invested across many industries.
Portfolio constructions charts based on fair value.

Past performance does not guarantee future results and current performance may be lower or higher than the performance contained herein. An investment in PSEC’s return and principal value will fluctuate such that an investor’s shares, when sold, may be worth more or less than their original cost.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of PSEC before investing. A supplemental prospectus dated 5/12/17 and prospectus dated 11/3/16 have been filed with the Securities and Exchange Commission. The supplemental prospectus and prospectus contain information about PSEC and should be read carefully before investing. A more detailed discussion of risks and uncertainties is contained in the prospectus supplement and prospectus.

This information page does not constitute an offer to sell or a solicitation of an offer to buy nor will there be any sale of the shares referred to in this information page in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

The information contained herein may contain forward-looking statements. Any such statements are likely to be affected by unknowable future events and conditions, most of which are not under PSEC’s control and that PSEC may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance, and actual developments and results may vary materially. Such statements speak only as of the time when made, and PSEC undertakes no obligation to update any such statement now or in the future.

Certain information discussed in this presentation (including information relating to portfolio companies) was derived from third-party sources and has not been independently verified and, accordingly, Prospect Capital Corporation makes no representation or warranty in respect of this information.