Prospect Capital Corporation (PSEC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Prospect Capital third fiscal quarter earnings release and conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would like now to turn the conference over to Mr. John Barry, Chairman and CEO. Please go ahead. Thank you, Alan. Joining me on the call today are Greer Isaac, our President and COO, and Kristen Van Dask, our CFO. Kristen? Thanks, John. This call contains forward-looking statements that are intended to be subject to safe harbor protection. Future results are highly likely to vary materially. We do not undertake to update our forward-looking statements. For additional disclosure, see our earnings press release and 10Q filed previously and available on our website, prospectstreet.com. Now, I'll turn the call back over to John. Thank you, Kristen. In the March quarter, our net investment income, or NII, was $83.5 million. 19 cents per common share. Our NAV was $3.2 billion, $7.25 for common share. At March 31st, our net debt to total assets ratio was 28.7%. Unsecured debt plus unsecured preferred is 87.5% of total debt plus preferred for prospects. Since inception over 20 years ago, through our August 22-5 declared distribution, we will have distributed over $4.5 billion, or $21.57 per share. We are announcing monthly common shareholder distributions of $4.5 per share for each of May, June, July, and August. We plan on announcing our next set of shareholder distributions in Au...