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The latest announcement is out from Prospect Capital ( (PSEC) ).
Prospect Capital Corporation has announced its financial results for the fiscal quarter ending September 30, 2024, highlighting a strategic shift towards first lien senior secured loans and away from CLO equity and real estate investments. This transition aims to stabilize income streams, with interest income now constituting 94% of total income. Despite the reduced emphasis on CLO equity, the company continues to see these investments as valuable. Prospect Capital is also focused on enhancing shareholder value through strategic middle-market investments, which offer higher yields and potential equity upside, supported by efficient-cost financing.
See more insights into PSEC stock on TipRanks’ Stock Analysis page.
