News Summary

• Prospect Capital (PSEC) — $0.045 monthly distribution yields 20.1%, supported by 1.4x net investment income coverage.
• Management has spent the last two years rotating into the safest part of the capital stack.
• Non-accrual loans came in at 0.7% of total assets, down from a 4% peak in fiscal Q4 2025.
• Total liabilities fell 49% year over year, and the next institutional bond maturity is $300 million in November 2026.