Prospect Capital Corp (PSEC) News & EventsPSECProspect Capital Corp

Q4 NAV per Share at $5.71 vs $6.56 Last Year

Reports Q4 NAV per share $5.71 vs $6.56 last year.

Liquid Option Borrow Rates Rise: PSEC 6.65%

Latest data shows the largest indicative borrow rate increases among liquid option names include: Prospect Capital (PSEC) 6.65% +3.79, Angion Biomedica Corp (ELTX) 13.52% +1.76, GRANITESHARES 2X LONG MU DAILY ETF (MULL) 13.12% +1.61, Vivopower Plc (VIVO) 16.76% +0.70, Avalo Therapeutics (AVTX) 1.18% +0.65, KULR Technology Group (KULR) 6.76% +0.54, CPS Technologies (CPSH) 6.12% +0.52, Tradr 2X Long SNDK Daily ETF (SNXX) 8.43% +0.49, ASP Isotopes Inc (ASPI) 1.76% +0.38, and Boost Run Inc. (BRUN) 8.40% +0.38.

Prospect Capital Sells Valley Electric for Approximately $328M

Prospect Capital (PSEC) announced the sale of Prospect's portfolio company Valley Electric to MYR Group (MYRG). The closing of the transaction is expected to occur on or about July 1 for consideration of approximately $328M, subject to net asset, other post-closing purchase price adjustments and earn-out payment. Over the life of the Valley Electric investment since 2012 and including expected net exit proceeds of approximately $280M, together with prior interest on debt, equity distributions, and other cash flow streams, Prospect will have achieved a 20.4% realized gross annualized internal rate of return and 4.8 times multiple of invested capital.