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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
NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund's Board of Directors has declared distributions on shares of the Fund's 7.00% Series D Term Preferred Stock due 2029 (“Series D”), 7.000% Series K Cumulative Preferred Stock (“Series K”), and 6.375% Series L Term Preferred Stock due 2029 (“Series L”).
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Boomers building income portfolios don't want just yield, they want a paycheck that lands every month across different economic engines.
Prospect Capital Corporation continues to underperform, with a 20% stock decline and ongoing financial deterioration despite management's portfolio restructuring. PSEC's 18%+ yield and 60% NAV discount are outweighed by persistent NAV erosion, declining investment income, and shrinking portfolio value. Net investment income and liquidity remain adequate, but high PIK income and sector headwinds signal elevated risk and potential for a reverse stock split.
Prospect Capital reported Q4'26 NII of $0.15 per share, beating estimates, but faced portfolio contraction and declining net investment income vs. last year. PSEC's dividend cut to $0.035 per share improved dividend coverage to over 130% in Q4, with stable asset quality evidenced by a 0.7% non-accrual percentage. The portfolio shift toward 72.5% first lien loans enhances quality, potentially easing concerns over recent NAV declines and dividend cuts.
Prospect Capital Corporation (PSEC) Q4 2026 Earnings Call Transcript