Prospect Capital reports Q1 EPS 23c, consensus 20c

Drivers focused on growing NII and NAV include our $2.25 billion targeted 6.50% and Floating Rate perpetual preferred stock offerings, greater utilization of our cost efficient revolving floating rate credit facility, elevated short-term SOFR rates based on Fed tightening to boost asset yields, optimization of portfolio company performance, and increased primary and secondary originations of senior secured debt and selected equity investments targeting attractive risk-adjusted yields and total returns as we deploy dry powder from our underleveraged balance sheet. Our senior management team and employees own approximately 27% of all common shares outstanding or $1.0 billion of our common equity as measured at NAV.