Dividend RiskPSEC's recent performance and a downward pointing SOFR curve could put the dividend at risk, which at a ~14% yield is likely a major pillar of support to the stock price.
Investment LossesPSEC saw NAV headwinds stemming from investment losses.
NAV DeclineNet capital losses and below-NAV stock issuance consumed $0.20 and $0.06 of NAV, respectively, driving NAV down 2.8% sequentially.