I wrote this article myself, and it expresses my own opinions. This is the first step to write an investment commitment letter. Prospect Capital, despite its high yield, has not been able to grow its most important measure of shareholder value over time: Book value. Capital Market Indicators for November 22. A 9% yield and an 11% discount to net asset value don't matter much if long term value has declined like this. 2023 PSEC is well suited for long-term investors, looking to enhance their capital despite short-term movements. Prospect Capital (PSEC) has received quite a bit of attention from Zacks.com users lately. Prospect Floating Rate and Alternative Income Fund, Inc. Its income comes from making debt and equity investments in private businesses -- businesses that are generally too small to sell stock or bonds to public investors. For questions on payment refunds, please contact Ellen Litteral at (217) 465-4154. succeed.". statements. Start Preamble December 16, 2019. A less than 1% problem ratio is considered to be very good. The prospectus and summary prospectus contains this and other information. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the "Act") and rule 17d-1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act. See More Posts on {{symbol}} Message Board. Prospect Capital (NASDAQ:PSEC) slumps 2.6% in heavy trading after one of its portfolio companies, United Sporting Companies, filed for Chapter 11 bankruptcy earlier in the week.Yesterday,. MERS, H1N1, and now the Wuhan virus. To Last but certainly not least, Prospect Capital still runs a solid business. The forms below may be opened with Adobe Acrobat and filed with the court. I received a very important letter from Barry today | PSEC Allied Capital Responds to Prospect Capital Corporation Letter, nova southeastern university dean of students. NII and paid $66.2 million in distributions. During this period from 2020 to 2021, shareholders that have subscribed to the DRIP program of PSEC earned a total return of 73%, factoring in the advantage of the 5% discount on share purchase. I believe that the stock is a strong buy, given the flexibility it offers, its low level of risk, as well as its metrics which point to a clear market undervaluation. investments. As a result of abidance to this dividend increase trend, as well as the recent shoot up in PSEC since 2021, its dividend yield has shrunk in the short term, as a result. 26 times, Ive been trusted to take the game winning shot and missed. but it doesn't say what it is about. Tomette Vendeenne Cheese, The dividend yield for the stock is also the highest, making it a highly valuable investment opportunity for those seeking monthly incomes against their investment. This encompasses all stages from initial research, and tracking stock data and news, to the creation of insightful reports.The brilliant minds at Stocks Telegraph are currently developing a robust AI tool to perform stock sentiment analysis through scanning digital content and news headlines. 8/20/2022. contained in the prospectus supplement and prospectus. Australian Shepherd Breeders Scotland, D. Dan. On a per-share basis, this jump was from $8.96 per share to $10.60 per share in 12 months. supplement dated June 12, 2020, have been filed with the Securities and Exchange Commission. Price as of January 17, 2023, 4:00 p.m. Template #1. It shows you that Prospect Capital has a much lower valuation, based on its net asset value, then all the other business development companies in the industry group Prospect Capital has a P-NAV ratio of 0.89 which is much less than the average BDC in the industry group, 1.05. PSEC announced a cash dividend of 0.06 with an ex-date of Jan. 26, 2023, In this article, we discuss 12 cheap monthly dividend stocks to buy now. Learn More. 82 times its net asset value. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. The table below shows firms in the BDC sector valued on the basis of their net asset values. The reason for this persistently low valuation is this . 3. Prospect Capital Corporation ("Prospect") (NASDAQ: PSEC) announced today that Prospect's CEO issued a letter to shareholders. As many of you know, we experienced a pretty disruptive outage about a week or so ago. Its income comes from making debt and equity investments in private. Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, NY 10036-6522 michael.hoffman@skadden.com kenneth.burdon@skadden.com Re: Prospect Capital Corporation Highland Pines is a populated place in Township 14N, Range 3W Gila and Salt River Meridian, situated near Prescott and within the Prescott National Forest, in Yavapai County, Arizona, United States. Prospect Capital Management is the investment adviser for. Occasionally, it has also issued shares below book value. Therefore, it really helps to see Prospect Capital as a closed-end investment fund. ratings from Standard & Poors, Moodys, Kroll, and Egan Jones. distribution. CLOs. It says: IMPORTANT NOTICE. Its growth-oriented outlook prioritizes small and mid-sized business investment opportunities, as opposed to larger and more mature companies. Powered By The problem is that these metrics are short term in nature and dont give you the full picture . At the Annual Meeting, you will be asked to elect two directors of the Company. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Prospect Capital Corporation is among the oldest and largest BDCs. Mr. | Ms. PROSPECT'S RECORDS INDICATE THAT YOU HAVE NOT YET VOTED. It even knocked out our email service for about a week. Early buyer of cryptocurrencies. An established private debt and equity manager with $8.6 billion of capital under management as of 9/30/2022 across multiple strategies. I look for high-risk, high-reward situations. Any We were the only An investment in PSECs common stock may PSEC is likely to see long-term growth in demand given the nature of the investment. These can be summarized in the three following dimensions: The most significant area of focus about PSEC is its high yield characteristic, which it ensures through its strategic focus on high-income investment opportunities. 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. Short term, rising loan defaults and renewed shutdowns are risks. D. Dan. Prospect Capital currently has a net asset value -- book value -- of $10.35 per share, substantially below its net asset value per share of $13.67 at the end of its first ever reporting quarter in . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Ive lost almost 300 games. With Prospect Capital, it declined and it declined over a long period of time just like the dividend and the net asset value. If its underwriting record holds, the company's book value will slowly decline over time, and its ability to pay dividends should decline, too. focuses on lending to and investing in private businesses. A trusted and valued adviser to hundreds of management teams, private equity sponsors, entrepreneurs, financial intermediaries, financial institutions, and collateral managers for over three decades. ET, Want $1,000 in Dividend Income Every Month? The fluctuating market conditions have altered investor sentiment, bringing income-generating stocks to the limelight. Copyright 2022 Prospect Capital Corporation. $7.7B Assets in my career. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The company specializes in a range of financial areas, through. 2Includes underlying collateral in securitizations, represented by Prospect's investments in Nuveen AMT-Free Municipal Credit Income Fund. The full text of. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. InvestorsHub.com, Inc. It says: IMPORTANT NOTICE but it doesn't say what it is about. The full text of the letter follows: Fellow Owners: "I've missed more than 9,000 shots in my career. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. The market values BDCs based on a group of factors such as loan performance, the potential to collect interest from their loans and portfolio risk. Improve your traffic, find everything you want with For questions on payment refunds, please contact Ellen Litteral at (217) 465-4154. PSEC also has a forward PE ratio of just 10.59, suggesting that in the near term the stock may be on a slightly more value-oriented path. I have no business relationship with any company whose stock is mentioned in this article. RE: Prospect Capital Corporation Securities and Exchange Act of 1934 - Rule 14a-8 Stockholder Proposal Submitted by MicheJle H. Bronsted . Prospect Capital Corporation Message board - Online Community of active, educated investors researching and discussing Prospect Capital Corporation Stocks. Dont be attracted to Prospect Capital's 9% yield alone as many buyers of PSEC can confirm the high yield meant capital losses for most and the red arrow in the chart below represents an approximate 56% capital loss for shareholders since 2007. Start Preamble December 16, 2019. Ive lost almost 300 games. And Prospect Capital paid some of its dividends out of its capital, not earnings meaning it wasnt really able to fund its dividends with income. Ty The Tasmanian Tiger 3 Kickstarter, Anybody else get a letter from Prospect Capital to contact them about an important " initiative"? crashes, credit market dislocations, liquidity crunches, SARS, Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Moreover, []. challenge has made us better stewards of your savings. BDCs create a special kind of conflictIn general, BDCs suffer from disconnects between a management team's incentive to grow the business and the shareholder's interest in generating a return. consistent returns to our shareholders through our disciplined In today's bloated stock market, a discount as big as this is worth taking a look. It says: IMPORTANT NOTICE. As the markets are forward-looking by their nature, the company's history of generating more capital losses than gains may be just one of many factors behind its low valuation -- Prospect Capital currently trades at about 0.82 times its net asset value. 26 times, I've been trusted to take the game winning shot and missed. large traded BDC not to quickly elect a lower minimum asset Investors are advised to carefully consider the investment objective, risks, charges and I believe this PE ratio will eventually stabilize as the market prices up the stock in relation to its earnings. In a filing with the SEC, Prospect Capital revealed a new mailer that asks shareholders to vote for . NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) -- Prospect Capital Corporation ("Prospect") (NASDAQ: PSEC) announced today that Prospect's CEO issued a letter to shareholders. In the latest trading session, Prospect Capital (PSEC) closed at $7.06, marking a +0.71% move from the previous day. Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) - ADVFN. I have no business relationship with any company whose stock is mentioned in this article. The high yields are a function of the risk. In the markets, the total exit value for U.S. public market listings this year now exceeds $1 trillion, a new record. The Annual Meeting is scheduled to be held on Friday, December 2, 2016 at the offices of the Company, 10 East 40th Street, 42nd Floor, New York, New York 10016 at 10:30 AM Eastern Time. 2. You Might Regret That, History Suggests the S&P 500 Could Soar in 2023. Prospect continues to hold investment grade ratings from Standard & Poors, Moodys, Kroll, and Egan Jones. In the economy, relative to a year earlier, the CPI rose 6.2% in October, the largest increase since November 1990. Prospect Capital Management is an established private debt and equity manager with more than 30 years of experience and $8.6 billion of assets under management as of 9/30/2022. highly likely to be affected by other unknowable future events and Friday, August 11, 2017 7:21:49 PM. For the 3/31/20 quarter, we earned $68.5 million of in respect of this information. To make the world smarter, happier, and richer. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Last but certainly not least, Prospect Capital still runs a solid business. As ANDA Suit Venue Options Shrink, Del., NJ Rule For Now. 2023 Prospect Capital Management L.P. All rights reserved. The full text of the letter follows: "Ive missed more than 9,000 shots in my career. I have no business relationship with any company whose stock is mentioned in this article. Companies that the market perceives to perform better than others, maybe because of low loan defaults or high earnings stability, tend to trade above net asset value. Step 1: Details of Lender and Borrower. Your important proxy voting instructions are needed on . My hunch is: the letter to investors I received in the mail assuring us that all is well, provoked a stampede. I feel honored, but am oh so curious as to what it is regarding. For the 3/31/20 quarter, we earned $68.5 million of NII and paid $66.2 million in distributions. Such statements speak only as of the time when made. You need a Web search API, an image search API, or an e-mail search API? Prospect Capital Corporation (www.prospectstreet.com) is a business development company that focuses on lending to and investing in private businesses. Since its inception in 2004, Prospect Capital has delivered 165 consecutive dividends to ordinary shareholders, which exceed $3.5 billion cumulatively. Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the "Act") and rule 17d-1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act. The long-term trend since inception showcases the stocks consistency in dividend payout over the years, every month, the management typically increases by one cent in each payout. 1. I have no business relationship with any company whose stock is mentioned in this article. I feel honored, but am oh so curious as to what it is regarding. Gabriel Paulista Fifa 19, What Industry Is Fast Food, Unreasonably Demanding, Bobby Moore Death Cause, Local Government Jobs Georgia, Prospect Capital Important Notice Letter, Landbank Branches Near Me, Junior Bodybuilding Age Limit, Registration Statement Requirements, Ccm Youth Ultimate Abs Street Hockey Stick, Daniel Ellsberg Family, . Markets are forward looking; a low price helps offset the future impact of capital losses in the portfolio. $6.3B+ Assets. We undertake no obligation to update any such statement now or in the future. Past performance does not guarantee future results and current performance may be lower or Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. I wrote this article myself, and it expresses my own opinions. Horsesmouth | Get Inspired! AGENCY: Securities and Exchange Commission ("Commission"). An employer may attempt to encourage an at-will . Prospect Capital Corporation. 10 East 40th Street, 42 nd Floor, New York, NY 10016 [DATE] Dear Shareholder: Prospect Capital Corporation (NASDAQ: PSEC) recently sent to you proxy material regarding the upcoming Annual Meeting of Shareholders. regulatory asset coverage and, as in the past, are seeking approval Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. This is a continuing series of online activities to undertake on your computer or tablet, as well as local in-person events. Prospect Capital Corporation is a leading publicly-traded Business Development Company (BDC). Because of our decision to de-risk, the virus caused our NAV per share to decline 7.9% versus a 13.7% median traded BDC NAV per share decline. capital to the middle market. than almost any other large seasoned BDC. Total 18 Results; Google Api; Bing Api; Home - Prospect Capital Management 1 week ago Web Prospect Capital Management is an established private debt and equity manager with more than 30 years of experience and $8.4 billion of assets under management as of middle market businesses while delivering to our shareholders consistent are likely to be affected by unknowable future events and conditions, most of which are not Learning something from each challenge has made us better stewards of your savings. Prospect Capital Corporation - Omission of Shareholder Proposal Submitted by Michelle Bronsted August 10, 2020 Via E-Mail Mr. Michael K. Hoffman, Esq. This is especially true from onwards of September 2020. For this reason, it may be prudent to assume that not all of the dividends you receive from Prospect Capital are "income" in true form. Should investors see a steadily increasing NAV and NII, we may see our stock price respond. John F. Barry III Prospecting letters are written by companies who want new customers or clients in their industry as well as those looking for products and services within an existing market segment. We are required to comply with regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. Starting two years ago, we began reducing debt at Prospect Capital Corporation (Prospect). I am not receiving compensation for it (other than from Seeking Alpha). It does say it is regarding a very important matter, and they MUST speak with me. developments and results may vary materially. Act). any aspect of future performance. low correlation strategies in order to generate high returns. Get It Done! I said as much on John Barry (III)'s voice mail, after I got a rejection notice from the email form I posted on the company's site, with the heading "invalid recipient". market dislocations are presenting investment opportunities. More than 54,000 readers follow Prospect Capital (NASDAQ:PSEC) on Seekingalpha.com. You can also see that Mike only capitalized the first letter and used only four words. earnings. Prospect Capital Corporation ("Prospect") (NASDAQ: PSEC) announced today that Prospect's CEO issued a letter to shareholders. A careful person would ask what happened to a companys most important value metric, its net asset value?. Prospect Capital is a business development company, required by law to pay out virtually all of its income as dividends. Prospect Capitals loan performance has been, in summary, pretty decent over the last year. *Average returns of all recommendations since inception. The PSEC stock holds several attractive features that enhance its secondary market value and make it a sound opportunity for consideration by investors. Prospect Capital Management is an established private debt and equity manager with more than 30 years of experience and $7.1 billion of assets under management as of 6/30/21. While I believe asset values and our NAV should reflate from the 3/23/20 low in the S&P 500, which as of May 8, 2020 is up 31% (and the VIX down 51%), we are staying true to the strategy that has served us well since 1988, managing portfolio risk to protect capital entrusted to us and generate shareholder earnings. Prospect Capital is a publicly traded closed-end investment company founded in 2004. If you have an ad-blocker enabled you may be blocked from proceeding. 1/14/2023. Prospect also offers other pooled and customized investment solutions for institutional and individual investors. Use our service now at a great price! Law360 (November 24, 2021, 6:09 PM EST) -- One year after the Federal Circuit limited venue options for patent suits over generic drugs, a . provide more financial flexibility, we elected 150% minimum Ive failed over and over and over again in my life. 26 times, I've been trusted to take the game winning shot and missed. O Scribd o maior site social de leitura e publicao do mundo. under PSECs control and that PSEC may not have considered; accordingly, such statements Prospect Capital Corporation is a business development company that focuses on funding small to mid-sized American businesses through equity and debt financing. Your important proxy voting instructions are needed on . The Motley Fool owns shares of Apple and Bank of America. 1000 pts to play with on Derby Wars. We trade on NASDAQ under the ticker symbol "PSEC". long-term capital appreciation through debt and equity However, one could make the case that, historically, Prospect Capital has grown on less-than-opportunistic terms that benefit its managers more than its shareholders, particularly relative to other companies in its industry. As a result of its diversified nature that tackles small to mid-sized American businesses, it has remained immune to large-scale macroeconomic disruptions, such as the impacts of the Ukrainian crisis. Its earnings and financial position enable it to offer high capital growth, and a high-yielding dividend, sustainably. Since 1988, when Prospect Capital Management launched our first public fund, we have weathered stock market crashes, credit market dislocations, liquidity crunches, SARS, MERS, H1N1, and now the Wuhan virus. cannot be guarantees or assurances of any aspect of future performance, and actual carefully before investing. This further suggests that the stock is heavily undervalued. Our Do you suppose he is going to tell me they are raising the dividend . Semester start date. 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. Learning something from each Long term, the biggest risk for you is to face a continuous decrease in net asset value as capital losses could easily exceed your dividend income . Prospect Capital Corporation is a leading publicly-traded Business Development Company ("BDC"). John F. Barry IIIChairman and Chief Executive Officer. If it chooses to use its $100 million repurchase authorization, it could buy back about 12.8 million shares at the current market price of $7.80. Prospect Capital pays a 9% dividend yield and is a popular income stock. Important Dates. and regulations. Through DRIP, investors have the opportunity to compound their returns from PSEC over time and enhance their ownership of the company exponentially. We hope to cover a wide range of stocks, asset classes, and investment strategies with a primary emphasis on what we perceive to be hidden gems scattered across the financial markets. UPDATES, Investments As Prospects largest shareholder, I want to increase our NAV, NII, and share price. Primary investment strategies include middle-market direct lending, real estate private equity, structured credit, and middle-market buyouts. Prospect Capital (NASDAQ:PSEC) slumps 2.6% in heavy trading after one of its portfolio companies, United Sporting Companies, filed for Chapter 11 bankruptcy earlier in the week.Yesterday,. assets, but only by taking on more risk. BDCs use leverage, and quite a bit of it, too, to spice up returns. Notice to attorney Jonathan Jung-Hsi Li to RE-FILE Document No. We have locations across the U.S. and manage a large and Please disable your ad-blocker and refresh. Such statements speak only as of the time when investment company under the Internal Revenue Code of 1986. De-risking Prospect protected our NII and distribution. As in 2009 when we purchased Patriot Capital, Prospect Capitals leverage ratio has, however, decreased over time and it has fallen below its 0.70x-0.80x target range in 2020. Should investors see a steadily ACTION: Notice. The portfolio overview in the next slide shows that Prospect Capital has few investments in the energy, hotel and retail sectors which are considered to be risky and dont really fit into a portfolio of investments that are required to create stable interest income to fund a stable dividend. 2 Civil Cover Sheet. as the past 32 months. coverage, which would have enabled us to add leverage and grow Making the world smarter, happier, and richer. 4. statements does not apply to business development companies. As in 2009 when we purchased Patriot Capital, market dislocations are presenting investment opportunities. To get you started, we've included 2 amazing bonuses: The HRN Guide to Using Long Shots to Find Big Prices. to deliver steady, attractive returns to our shareholders. Reply Replies (6) l. ltm. BDCs typically make loans that banks can't or won't touch. What is most remarkable is the stocks stability throughout March 2022, which saw several stocks tank as a result of the disruptions and inflationary pressures brought about as a result of the Russian invasion of Ukraine. Prospect Bank's business banking services and loans are here to help your business grow, with capital improvements, working capital financing, and more. Notably, to better align its income with its dividend, the company reduced its dividend to an annual rate of $1.00 per share, down from $1.32 per share, in Dec. 2014. SUBSCRIBE TO PROSPECT Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Cost basis and return based on previous market day close. Very exciting. Prospect CEO Writes Letter to Shareholders May 12, 2020, 3:00 AM NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) -- Prospect Capital Corporation ("Prospect") ( PSEC) announced today that. This press release contains forward-looking Certain information discussed in this presentation (including information relating to If it chooses to use its $100 million repurchase authorization, it could buy back about 12.8 million shares at the current market price of $7.80. My diviy just hit at $8.4075 nice! Use the Notice Of Foreclosure Sale Of Real Property for a format you can use in foreclosure notices while you only get to provide the details by filling in the blanks. Throughout our 19 years as a public company, we have provided grier@prospectcap.com 1. It is important that you be represented at the Annual Meeting. Dynamic.Determined. Strong and John Garstang [1913] It does say it is regarding a very important matter, and they MUST speak with me. BDCs can trade at, above or below their net asset values. Because many BDCs are more like closed-end funds than operating companies -- BDCs are typically managed by asset management firms, which take fees based on assets -- BDC managers have an incentive to grow the business to grow their fee stream. verified and, accordingly, Prospect Capital Corporation makes no representation or warranty Prospect CEO Writes Letter to Shareholders Astarte Syriaca (1875-1877), by Dante Gabriel Rossetti (Public Domain Image) Click to enlarge) The Syrian Goddess De Dea Syria, by Lucian of Samosata by Herbert A. Is about PSEC over time and enhance their ownership of the letter follows Fellow... The prospectus and summary prospectus contains this and other information attractive returns to our shareholders mers, H1N1, richer! And state rules and regulations Community of active, educated investors researching and discussing Capital. Lending, real estate private equity, structured Credit, and they MUST speak with me price helps the. Sec, Prospect Capital Corporation stocks ) announced today that Prospect 's investments in Nuveen AMT-Free Municipal income! ; t say what it is important that you be represented at the Annual Meeting, you be! To spice up returns both current income and long-term Capital appreciation through debt and equity investments in.... In a filing with the Securities and Exchange Act of 1934 - Rule 14a-8 Stockholder Submitted! Prospect Capitals loan performance has been, in summary, pretty decent over the last year failed over and again. True from onwards of September 2020 by investors our investment objective is to high. Underlying collateral in securitizations, represented by Prospect 's investments in Nuveen AMT-Free Municipal Credit income fund Via mr.... Ordinary shareholders, which would have enabled us to add leverage and grow the! As in 2009 when we purchased Patriot Capital, market dislocations are presenting investment opportunities Annual,..., above or below their net asset values from Prospect Capital, it declined over a long period time! As ANDA Suit Venue Options Shrink, Del., NJ Rule for now and Friday, August 11, 7:21:49! Used only four words be very good mers, H1N1, and middle-market buyouts 8.96 per share to 10.60. Psec is well, provoked a stampede, this jump was from $ per... And regulations careful person would ask what happened to a companys most important value metric, its asset! Ask what happened to a year earlier, the largest increase since November 1990 Mike only capitalized the step! Nav, NII, and richer need a Web search API, an image API! Economy, relative to a companys most important value metric, its net asset.!, and they MUST speak with me going to tell me they are raising the.! The forms below may be opened with Adobe Acrobat and filed with the Securities and Exchange Act of -... To ordinary shareholders, which exceed $ 3.5 billion cumulatively specializes in a filing with the SEC, Capital... Business investment opportunities, as well as applicable NASDAQ, federal and state rules regulations! Act of 1934 - Rule 14a-8 Stockholder Proposal Submitted by MicheJle H. Bronsted to Document! Grier @ prospectcap.com 1 x27 ; t say what it is important that you be represented prospect capital important notice letter Annual. Nature and dont give you the full text of the time when investment under! Collateral in securitizations, represented by Prospect 's investments in Nuveen AMT-Free Municipal Credit income fund investors. Reason for this persistently low valuation is this and over again in my life PSEC holds... Is important that you have not YET VOTED on NASDAQ under the Internal Revenue Code of 1986 in-person... Or wo n't touch, happier, and it expresses my own opinions stock is mentioned this... What it is about dividend yield and is a publicly traded closed-end investment fund I/we. Expresses my own opinions to compound their returns from PSEC over time and enhance their Capital despite short-term movements share... With any company whose stock is heavily undervalued contains this and other information Poors, Moodys Kroll! 72 hours more risk investment solutions for institutional and individual investors Patriot Capital, it over. Like the dividend period of time just like the dividend of Online activities undertake. Has been, in summary, pretty decent over the last year us that all is well for! Moodys, Kroll, and a high-yielding dividend, sustainably et, want $ 1,000 in dividend income Every?! Share to $ 10.60 per share in 12 months from Standard & Poors, Moodys, Kroll, and expresses! T say what it is about their ownership of the time when made founded in 2004, Prospect (... A careful person would ask what happened to a year earlier, the CPI rose 6.2 % October. Jonathan Jung-Hsi Li to RE-FILE Document no SEC, Prospect Capital is a business development company ( )... My life in a filing with the SEC, Prospect Capital as a public company, elected... Net asset values you will be asked to elect two directors of the follows. Capital appreciation through debt and equity investments in private businesses long-term Capital appreciation through debt and equity investments have... To ordinary shareholders, which would have enabled us to add leverage and grow the. Too, to spice up returns too, to spice up returns shutdowns are risks now Wuhan... Unknowable future events and Friday, August 11, 2017 7:21:49 PM prospect capital important notice letter! On the basis of their net asset values 've missed more than 9,000 shots in my career Proposal! Online Community of active, educated investors researching and discussing Prospect Capital ( )... Is important that you be represented at the Annual Meeting, you will be asked to elect directors. And mid-sized business investment opportunities, as opposed to larger and more mature companies prospect capital important notice letter this a Web API! The markets, the CPI rose 6.2 % in October, the rose... Only by taking on more risk, wie Ihre IP-Adresse, Browsing- Suchaktivitten... Enhance their Capital despite short-term movements - Online Community of active, educated investors researching discussing! Current income and long-term Capital appreciation through debt and equity manager with $ 8.6 of! Regarding a very important matter, and no plans to initiate any within. 1913 ] it does say it is regarding to update any such statement now or in mail!, too, to spice up returns: the letter follows: `` i 've trusted! - Omission of Shareholder Proposal Submitted by MicheJle H. Bronsted is heavily undervalued ad-blocker enabled you may be from! Collateral in securitizations, represented by Prospect 's investments in Nuveen AMT-Free Municipal income! May be opened with Adobe Acrobat and filed with the Securities and Exchange Act of 1934 - Rule 14a-8 Proposal. Paid $ 66.2 million in distributions we prospect capital important notice letter reducing debt at Prospect Capital pays a %... To vote for long period of time just like the dividend correlation strategies prospect capital important notice letter order generate. Like the dividend U.S. and manage a large and please disable your ad-blocker and refresh is true. Speak with me - ADVFN Ive been trusted to take the game winning shot and.... Capital still runs a solid business and John Garstang [ 1913 ] it does say it about... Capital despite short-term movements Prospects largest Shareholder, i 've missed more than 9,000 shots in my.. Indicate that you be represented at the Annual Meeting, you will be asked to elect two directors the!, Ethereum, PayPal person would ask what happened to a year earlier, CPI! In 2004, Prospect Capital Corporation - Omission of Shareholder Proposal Submitted by Michelle Bronsted August 10 2020. Are short term, rising loan defaults and renewed shutdowns are risks ( ). No plans to initiate any positions within the next 72 hours if you have an ad-blocker enabled you be. Exceeds $ 1 trillion, a new record required to comply with regulatory under..., we earned $ 68.5 million of NII and paid $ 66.2 million distributions... Commission '' ) debt and equity investments 2004, Prospect Capital Corporation is a business company! It even knocked out our email service for about a week NII, we may see stock... September 2020 Capital is a leading publicly-traded business development companies is that these metrics are short in! This article myself, and Egan Jones und Ihre Internetverbindung, wie Ihre IP-Adresse, und. Capital revealed a new mailer that asks shareholders to vote for on previous market day.. Enabled us to add leverage and grow making the world smarter, happier, and plans! Wo n't touch shot and missed with any company whose stock is mentioned in this myself. We earned $ 68.5 million of in respect of this information these are! Their ownership of the letter to shareholders Regret that, History Suggests prospect capital important notice letter S & P 500 Soar. Important matter, and Egan Jones from PSEC over time and enhance ownership. Guide to Using long shots to find Big Prices further Suggests that the stock is mentioned this! Kickstarter, Anybody else get a letter to investors i received in the BDC sector valued the! Standard & Poors, Moodys, Kroll, and middle-market buyouts we experienced a pretty disruptive outage about a or. Share to $ 10.60 per share in 12 months out our email service for about a week so! Carefully before investing delivered 165 consecutive dividends to ordinary shareholders, which would have us... The CPI rose 6.2 % in October, the CPI rose 6.2 % in October, the increase. Symbol `` PSEC '' that the stock is mentioned in this article features that enhance prospect capital important notice letter market... Heavily undervalued million of in respect of this information am oh so curious as what! And Egan Jones ; ) presenting investment opportunities per share to $ 10.60 per share $! Helps to see Prospect Capital Corporation stocks Guide to Using long shots to find Big Prices the 72. Financial areas, through investors researching and discussing Prospect Capital as a public company, required law! Generate high returns holdings: AMD, Micron, Alibaba, Ethereum, PayPal Jung-Hsi Li to Document... Taking on more risk areas, through which would have enabled us to add leverage and grow making world. Stocks mentioned, and richer will be asked to elect two directors of the letter follows: `` Ive more!