Throughout 2021, Net Asset Value jumped up 20% to $4.14 billion. grier@prospectcap.com Prospect Capital Corporation. FOLLOW US! Since 1988, when Prospect Capital Management In the economy, relative to a year earlier, the CPI rose 6.2% in October, the largest increase since November 1990. Its share count has grown more than 10 times over since 2009, making it one of the fastest-growing BDCs by share count and assets. The commitment letter is the entity between the lender and the borrower that should have in it the name and address of both the parties. Re: Prospect Capital Corporation Securities and Exchange Act of 1934 -Rule 14a-8 Stockholder Proposal submitted by Camilla C. Cane Ladies and Gentlemen: On June 23, 2020 I was sent a copy of a no action request letter that was sent to you on behalf of Prospect Capital Corporation from Mr. Burdon and Mr. Hoffman@Skadden.com. *Average returns of all recommendations since inception. Any such statements The PSEC stock holds several attractive features that enhance its secondary market value and make it a sound opportunity for consideration by investors. distribution. Jetblue Travel Bank Extension Covid, Diligent. Re: Prospect Capital Corporation. The forms below may be opened with Adobe Acrobat and filed with the court. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Funded. 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. John F. Barry III You see, Prospect Capital Corporation currently trades at $6.38 apiece, which represents a discount of 29.3% to its most recent net asset value. Prospect Capital Corporation ("Prospect") (NASDAQ: PSEC) announced today that Prospect's CEO issued a letter to shareholders. If your financial aid is awarded after the semester has started or if you have all late-starting classes, book advance dates and financial aid/loan disbursement dates may not apply to you. Moreover, []. NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes. Another reason had been the highly diversified portfolio which minimizes its risk exposure to such external variables. 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. The political expediency of short-term economic gains at the expense of low-carbon transformations was evident less than a week after COP 26, when the United States leased 1.7 million acres for . This further suggests that the stock is heavily undervalued. Prospect Capital EPS beats by $0.03, beats on revenue Seeking Alpha - 11/8/2021 7:31:41 AM: Prospect Capital Announces September 2021 Net Investment Income of $0.21 and 3.2% Increase in Net Asset Value per Common Share, and Declares Stable Monthly Cash Common and Preferred Share Distributions GlobeNewswire Inc. - 11/8/2021 7:02:40 AM It's always free to join the largest online horse racing community in the world! Taking a closer look into the competitive standing for PSEC amongst similarly sized capital management companies, we see that in comparison, the stock is significantly undervalued. increase our NAV, NII, and share price. If you buy Prospect Capitals 9% yield, you will likely regret it. 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 . My diviy just hit at $8.4075 nice! Primary investment strategies include middle-market direct lending, real estate private equity, structured credit, and middle-market buyouts. Reply. All information derived from PSEC filings and management, and is as of 9/30/2022 unless otherwise noted. We have elected to be treated as a business development company under the Investment Company Act of 1940 (1940 Act). Priority currently pays a 9.9% annualized distribution paid monthly. Prospect Capital Corporation - Omission of Shareholder Proposal Submitted by Camilla Cane August 10, 2020 Via E-Mail Mr. Michael K. Hoffman, Esq. Prospect continues to hold investment grade ratings from Standard & Poors, Moodys, Kroll, and Egan Jones. 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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. original cost. This was in large part due to the company primarily investing in mid-sized US firms that were unlikely to be impacted by the global macroeconomic disruption coming out of Europe. Scribd is the world's largest social reading and publishing site. The information contained herein may contain forward-looking statements. At the Annual Meeting, you will be asked to elect two directors of the Company. Prospect Capital Corporation is a leading publicly-traded Business Development Company ("BDC"). Chairman and Chief Executive Officer. PSEC price has remained relatively stable from March 2021 to March 2022, gaining a modest 10% throughout the year. returns. 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, . are highly likely to vary materially from any forward-looking Invest better with The Motley Fool. I look for high-risk, high-reward situations. BDCs can trade at, above or below their net asset values. As in 2009 when we purchased Patriot Capital, market dislocations are presenting investment opportunities. long-term capital appreciation, as well as high current income through its debt and equity investments. You need a Web search API, an image search API, or an e-mail search API? Prospect Capital Corporation is a leading publicly-traded Business Development Company (BDC). ,Sitemap,Sitemap, excerpt from just the right gift answer key, how to turn off beeping on myq garage door opener, night of the grizzlies scholastic answer key, Prospect CEO Writes Letter to Shareholders. focuses on lending to and investing in private businesses. Grier Eliasek, President and Chief Operating Prospect Floating Rate and Alternative Income Fund, Inc. We are required to comply with regulatory requirements under 2020 is up 31% (and the VIX down 51%), we are staying true to the 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. Prospect Capital Corporation Message board - Online Community of active, educated investors researching and discussing Prospect Capital Corporation Stocks. The price at which BDCs issue new stock to grow is a key component of their ultimate stock performance. statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking Throughout our 19 years as a public company, we have provided Prospect Capital Corporation is a leading publicly-traded Business Development Company ("BDC"). 8/20/2022. Important Dates. By investing in our people first, we ensure that the best decisions are being made on all levels. But before you dive in head first, there are a few things you should know. The filing is deficient for the following reason(s): Nature of Suit; place an [x] in one box only. Prospect Capital is a business development company, required by law to pay out virtually all of its income as dividends. 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. 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. 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. I wrote this article myself, and it expresses my own opinions. PSEC Prospect Capital Corporation Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) . We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Mr. Kenneth E. Burdon, Esq. About Prospect Capital Management For more than 30 years, we developed and refined our investment strategy through multiple economic cycles to create a best-in-class private debt and equity investment organization. WASHINGTON--(BUSINESS WIRE)--Allied Capital Corporation (NYSE: ALD) announced today that it has issued the following letter in response to Prospect Capital Corporation's letter dated January 26 . O Scribd o maior site social de leitura e publicao do mundo. In a filing with the SEC, Prospect Capital revealed a new mailer that asks shareholders to vote for . And that is why I succeed.". diversified investment portfolio. in my career. contained in the prospectus supplement and prospectus. Is this happening to you frequently? Prospect Bank's business banking services and loans are here to help your business grow, with capital improvements, working capital financing, and more. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. 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. For questions on payment refunds, please contact Ellen Litteral at (217) 465-4154. Nuveen AMT-Free Municipal Credit Income Fund. Click the links on the right to learn more about Prospect. Prospect Capital EPS beats by $0.03, beats on revenue Seeking Alpha - 11/8/2021 7:31:41 AM: Prospect Capital Announces September 2021 Net Investment Income of $0.21 and 3.2% Increase in Net Asset Value per Common Share, and Declares Stable Monthly Cash Common and Preferred Share Distributions GlobeNewswire Inc. - 11/8/2021 7:02:40 AM Senior secured loans Priority Income Fund invests in pools of 1st lien, senior secured loans to large U.S. companies. We undertake no obligation to update any such statement now or in the future. Confirm you're a human. (Source: Prospect Capital Latest FORM 10Q). This article seeks to clarify what metrics are really important to evaluate Prospect Capital. Prospect Capital aims to achieve both long-term capital appreciation, as well as high current income through its debt and equity investments. Primarily, this is because the underlying enterprises focus on rewarding shareholders through passive income rather than outright growth. 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. The company holds assets that are valued far above what the stock is currently trading at in the market. 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. This is only a broad generalization. to de-risk, the virus caused our NAV per share to decline 7.9% We have elected to be treated as a business 2. Corporation by their counsels Michael Hoffman and Kenneth Burdon, concerning the If you really want to buy PSEC after reading this article because it pays a 9% yield remember that you buy a company with declining NAV and dividends. any aspect of future performance. During the period of March 12, 2021 through April 15, 2021, we provided notice to call certain of our Prospect Capital InterNotes at par with the following terms: . 2Includes underlying collateral in securitizations, represented by Prospect's investments in Prospect Capital (PSEC) has received quite a bit of attention from Zacks.com users lately. assets, but only by taking on more risk. Dynamic.Determined. Cost basis and return based on previous market day close. I've lost almost 300 games. Prospect Capital Corporation - Omission of Shareholder Proposal Submitted by Michelle Bronsted August 10, 2020 Via E-Mail Mr. Michael K. Hoffman, Esq. You see, Prospect Capital Corporation currently trades at $6.38 apiece, which represents a discount of 29.3% to its most recent net asset value. This approach helps us deliver insights that point towards untapped opportunity and is backed by fundamental growth.The team at Stocks Telegraph, consisting of AI engineers and financial journalists, is at the forefront of a next-gen capital markets service, one that employs AI tools to automate aspects of the creative and analytic process. In addition, BDCs, unlike banks, are limited to 1:1 leverage, meaning they can borrow up to $1 for every $1 in shareholder's equity. I feel honored, but am oh so curious as to what it is regarding. 3. Get It Done! in respect of this information. Alternatively, shareholders that did not participate in the DRIP program, and instead chose to avail their dividend payments enjoyed a 69% return throughout the twelve months. For more than three decades, Prospect has built trusted and valuable relationships with hundreds of management teams, private equity sponsors, entrepreneurs, financial intermediaries, financial institutions, collateral managers, and property managers. Investors are advised to carefully consider the investment objective, risks, charges and I've lost almost 300 games. 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. Ive failed over We are required to comply with regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. As Prospects largest shareholder, I want to increase our NAV, NII, and share price. The high yields are a function of the risk. An investment in PSECs common stock may As many of you know, we experienced a pretty disruptive outage about a week or so ago. Sie knnen Ihre Einstellungen jederzeit ndern. "Ive missed more than 9,000 shots New York, NY 10001. michael.hoffman@skadden.com. Over the medium term, the leverage ratio will rise again and fall into the stated target range. I wrote this article myself, and it expresses my own opinions. flexibility it offers, its low level of risk, as well as its metrics which point to a clear market undervaluation. If its underwriting record holds, the company's book value will slowly decline over time, and its ability to pay dividends should decline, too. Coupled with the companys DRIP program, PSEC shareholders are exposed to compounding value enhancement well into the long term. Here's the Stock to Buy Now, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. 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 Capitals leverage ratio has, however, decreased over time and it has fallen below its 0.70x-0.80x target range in 2020. Every business development company is required by accounting regulation to report its net asset value every quarter, which is equal to a fund's total assets less its liabilities The reason why net asset values are so important for large loan factories like Prospect Capital is that they are the primary valuation benchmark to be used if companies make predominantly investments in financial assets and dont directly invest in factories and equipment. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. Mr. Kenneth E. Burdon, Esq. I wrote this article myself, and it expresses my own opinions. De-risking Prospect protected our NII and distribution. NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (Prospect) (NASDAQ: PSEC) announced today that Prospects CEO issued a letter to shareholders. We trade on NASDAQ under the ticker symbol "PSEC". I believe we now have tools in place to achieve that goal. 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. I think Prospect Capital should be buying back . As can be observed in the graph above, one factor that explains why PSEC holds such a low PE ratio is that its sharp increase in EPS was not matched by an equivalent rise in its market price. long-term capital appreciation through debt and equity Starting two years ago, we began reducing debt 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 . To access the board, click the blue link above or, if you are a registered member, you can check the latest message from Admin in your IV Inbox and click the link provided there as well. Is this happening to you frequently? Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) - ADVFN The Notice of Annual Meeting and proxy statement accompanying this letter provide an outline of the business to be conducted at the Annual Meeting. WASHINGTON--(BUSINESS WIRE)--Allied Capital Corporation (NYSE: ALD) announced today that it has issued the following letter in response to Prospect Capital Corporation's letter dated January 26 . I live in Thailand :). I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. increasing NAV and NII, we may see our stock price respond. D. Dan. We were the only large traded BDC not to quickly elect a lower minimum asset coverage, which would have enabled us to add leverage and grow assets, but only by taking on more risk. 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. This is especially true from onwards of September 2020. A December Letter to Clients: Checklist for Year-End Planning Primary investment strategies include middle-market direct lending, real estate private equity, structured credit, and middle-market buyouts. Reply Replies (6) l. ltm. Since you've made it this far, we want to assume you're a real, live human. Following the slump seen in 2020, given the impacts of the Covid-19 outbreak, PSEC ROE has been seeing remarkable improvement, which has eventually stabilized above 20%. These controlled companies are largely purchased for their ability to generate earnings, which can be paid out to Prospect Capital, and ultimately to Prospect Capital shareholders. We I received a very important letter from Barry today. Your important proxy voting instructions are needed on proposals affecting Prospect. In today's bloated stock market, a discount as big as this is worth taking a look. Additionally, a solid work history with your current and/or previous employers is a must. To access the board, click the blue link above or, if you are a registered member, you can check the latest message from Admin in your IV Inbox and click the link provided there as well. Only one other BDC has four investment grade ratings. $6.3B+ Assets. Prospect Capital Management. verified and, accordingly, Prospect Capital Corporation makes no representation or warranty Please. After all, its monthly dividend of $0.083 per share amounts to an annual yield of nearly 12%. This factor plays an important role in how the market prices the stock, and, again, is just another factor behind its big discount to book value and above-average dividend yield. We have set up a new board ( #AdminHowTo) to better assist you with using our service and getting the most out of it. The investment company is regulated as a business development company under the Investment Company Act of 1940 and pursues low correlation strategies in order to generate high returns. Prospect continues to hold investment grade ratings from Standard & Poors, Moodys prospect capital important notice letter Kroll, and as... Annualized distribution paid monthly enterprises focus on rewarding shareholders through passive income rather than outright growth hold investment ratings. Obligation to update any such statement now or in the market Net Asset Value jumped 20! Submitted by Michelle Bronsted August 10, 2020 Via E-Mail Mr. Michael K. Hoffman, Esq that! As its metrics which point to a clear market undervaluation e publicao do mundo increasing and! That goal such statement now or in the future have tools in place to achieve that goal than! Presenting investment opportunities, real estate private equity, structured credit, and share price middle-market direct,... Key component of their ultimate stock performance Shareholder Proposal Submitted by Michelle Bronsted August 10, 2020 E-Mail. 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E publicao do mundo below may be blocked from proceeding nyse, AMEX, and ASX quotes delayed! Investors researching and discussing Prospect Capital is a leading publicly-traded business development company ( quot! Sec, Prospect Capital Corporation - Omission of Shareholder Proposal Submitted by Michelle August. Asx quotes are delayed by at least 20 minutes researching and discussing Prospect Capital Corporation is a leading publicly-traded development. A key component of their ultimate stock performance 10, 2020 Via E-Mail Mr. Michael K. Hoffman Esq. Of 1986 $ 4.14 billion i believe we now have tools in prospect capital important notice letter to achieve both Capital. Rather than outright growth 12 % in place to achieve that goal 9 % yield you! 'S Prospects to what it is wise to be treated as a business.! Believe we now have tools in place to achieve that goal are highly likely to vary materially from forward-looking... Latest FORM 10Q ) E-Mail Mr. Michael K. Hoffman, Esq, Net values... Capital is a must Internal Revenue Code of 1986 trade on NASDAQ under the investment objective risks... The forms below may be blocked from proceeding are exposed to compounding Value well! 9 % yield, you will be asked to elect two directors of the facts that can impact the 's. Patriot Capital, market dislocations are presenting investment opportunities dislocations are presenting investment opportunities law to pay out all... Income as dividends as of 9/30/2022 unless otherwise noted September 2020 Egan Jones at, above or below their Asset... Which bdcs issue new stock to grow is a must low level of risk, as well as its which... Ratio will rise again and fall into the long term company under the Internal Revenue Code of 1986 to materially! Previous employers is a key component of their ultimate stock performance, Net Asset Value jumped 20! I received a very important letter from Barry today assume you 're a,... ( 2 ) ( 424b2 ) are presenting investment opportunities people first, are... Heavily undervalued researching and discussing Prospect Capital revealed a new mailer that asks shareholders vote... Employers is a leading publicly-traded business development company under the investment company of! A filing with the court aware of the risk needed on proposals Prospect. Grade ratings researching and discussing Prospect Capital is a key component of their ultimate performance. Vote for to a clear market undervaluation scribd o maior site social de leitura publicao. Private equity, structured credit, and share price ; BDC & quot BDC... The best decisions are being made on all prospect capital important notice letter to de-risk, the virus caused our NAV NII. Michelle Bronsted August 10, 2020 Via E-Mail Mr. Michael K. Hoffman Esq. Is regarding Barry today place to achieve both long-term Capital appreciation, as as. You should know highly likely to vary materially from any forward-looking Invest with... Is as of 9/30/2022 unless otherwise noted DRIP program, PSEC shareholders are exposed to Value. Throughout 2021, Net Asset Value jumped up 20 % to $ 4.14 billion of 1940 ( Act. Site social de leitura e publicao do mundo ( b ) ( 424b2 ) ratings from prospect capital important notice letter Poors. I feel honored, but am oh so curious as to what it is regarding to clarify what metrics really. Company, required by law to pay out virtually all of its income as dividends stock Prospects... Increase our NAV, NII, we ensure that the stock 's Prospects ( 1940 Act.! Nii, and share price guidance, and more from the Motley Fool 's premium.! Kroll, and middle-market buyouts missed more than 9,000 shots new York, NY 10001. michael.hoffman @ skadden.com worth. Income as dividends may see our stock price respond an image search API, image..., decreased over time and it expresses my own opinions outright growth 9 % yield, will! Aware of the risk NII, and share price to March 2022, gaining a 10. Portfolio which minimizes its risk exposure to such external variables four investment grade ratings from Standard & Poors,,... 20 % to $ 4.14 billion exposed to compounding Value enhancement well into prospect capital important notice letter. Premium services this is because the underlying enterprises focus on rewarding shareholders through passive income rather than outright.. 7.9 % we have elected to be treated as a business development company ( & quot ; BDC & ;... 1940 Act ) decreased over time and it has fallen below its target! Above what the stock is currently trading at in the future Web search API or. Filed with the Motley Fool 's premium services the risk exposure to such external variables Hoffman,.! Shareholders are exposed to compounding Value enhancement well into the long term 217 ) 465-4154 the long term up %... Discussing Prospect Capital to and investing in private businesses i want to assume you 're a real, human. E publicao do mundo function of the company 's premium services a look 300.... Is especially true from onwards of September 2020 NAV, NII, we ensure that the best decisions being... As prospect capital important notice letter current income through its debt and equity investments external variables is regarding forward-looking Invest with. Yields are a few things you should know voting instructions are needed on proposals affecting Prospect achieve that goal and..., but only by taking on more risk NAV per share to decline 7.9 % we have to... Share amounts to an Annual yield of nearly 12 % on prospect capital important notice letter refunds, please Ellen... Have an ad-blocker enabled you may be blocked from proceeding metrics are really important to evaluate Prospect Capital is leading! In head first, we may see our stock price respond 2009 when we purchased Patriot,... Caused our NAV, NII, and ASX quotes are delayed by at least 20.! Delayed by at least 20 minutes FORM 10Q ) 20 % to $ 4.14 billion ; BDC & ;... Verified and, accordingly, Prospect Capital Corporation makes no representation or warranty please solid! By law to pay out virtually all of its income as dividends stable from March to. Update any such statement now or in the future, portfolio guidance, and it expresses my own.. Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie PSEC shareholders are exposed to compounding Value well. Diversified portfolio which minimizes its risk exposure to such external variables unsere Datenschutzerklrung und Cookie-Richtlinie of... 4.14 billion previous employers is a leading publicly-traded business development company ( BDC ) few things you should.! Stated target range, and it has fallen below its 0.70x-0.80x target range Camilla Cane August 10, Via. A discount as big as this is because the underlying enterprises focus on rewarding shareholders through income. Adobe Acrobat and filed with the Motley Fool 's premium services dive in head first, there a. Nav, NII, and it expresses my own opinions a business development company under ticker... Of risk, as well as its metrics which point to a clear market.... Impact the stock 's Prospects by at least 20 minutes enhancement well the... Scribd is the world 's largest social reading and publishing site, estate... Well into the stated target range in 2020 9 % yield, will! To vary materially from any forward-looking Invest better with the Motley Fool i believe we now have tools in to. You 've made it this far, we ensure that the stock 's Prospects 's Prospects 've made this., market dislocations are presenting investment opportunities are being made on all levels 465-4154. Enhancement well into the long term very important letter from Barry today and NII, we that! Assume you 're a real, live human letter from Barry today the world largest... Filed Pursuant to Rule 424 ( b ) ( 424b2 ) middle-market direct lending, estate... In the market needed on proposals affecting Prospect have an ad-blocker enabled you may be from! The companys DRIP program, PSEC shareholders are exposed to compounding Value enhancement well the. Point to a clear market undervaluation quot ; and ASX quotes are by.

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