Prospect Capital Corporation (PSEC) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Prospect Capital third quarter 2026 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 touchtone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to John Barry, Chairman and CEO. Please go ahead, sir. Thank you, Drew. Joining me on the call today are Greer Elizic, our President and Chief Operating Officer, and Kristen Van Dask, our Chief Financial Officer. 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 10-key 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 $78 million, or 16 cents for common share. Our NAV was approximately $3 billion, or $6.05 for common share. At March 31st, our net debt to total assets ratio was 27%. Unsecured debt plus unsecured perpetual preferred was 88% of total debt plus preferred. We are announcing monthly common shareholder distributions of 3.5 cents per share for each of May, June, July, and August. Since our IPO nearly 22 years ago through our August 2026 declared distribution, we will have distributed approximately $4.8 billion or $22.07 Our preferred ...