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A 30% yield sounds like a dream for retirees, but the cash funding that payout may not be coming from the business itself.
Prospect Capital remains high risk, with persistent NAV erosion and ongoing concerns about true cash flow coverage for distributions. PSEC's tangible book value per share has dropped 46% over five years, exacerbated by issuing shares at deep discounts to NAV. Management shows little urgency to address dilution or NAV decline, and analyst engagement has dwindled, signaling poor sentiment.
Prospect Capital Corporation (NASDAQ: PSEC - Get Free Report) shares hit a new 52-week low on Monday. The company traded as low as $1.98 and last traded at $1.9750, with a volume of 547158 shares changing hands. The stock had previously closed at $2.00. Wall Street Analysts Forecast Growth Several research analysts have recently weighed in
NEW YORK, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund's Board of Directors has declared monthly cash common shareholder distributions for September 2026.
NEW YORK, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Prospect Floating Rate and Alternative Income Fund, Inc. (“Prospect Floating Rate and Alternative Income Fund” or the “Fund”), announced today that the Fund's Board of Directors has declared the monthly “base” cash common shareholder distribution and its quarterly cash “bonus” common shareholder distribution for September 2026.
NEW YORK, Sept. 25, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect Capital Corporation's President and Chief Operating Officer, Grier Eliasek, was recently featured in a Q&A published by PEI Private Credit, appearing in its September 2026 U.S. Report.
NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect Capital Corporation's Chief Executive Officer, John Francis Barry III, and President and Chief Operating Officer, Grier Eliasek, were recently featured in an article published by AdvisorHub examining the firm's investment strategy and nearly four-decade track record.
Six stocks are paying yields as high as 23% right now, but behind those numbers sit eroding asset values, razor-thin coverage ratios, and balance sheets that leave almost no room for error if rates or charter markets move the wrong