Prospect Capital Corporation (PSEC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the prospect capital fourth quarter and fiscal year end earnings release and conference call. All participants will be in a 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 now like to turn the conference over to Mr. John Barry, Chairman and CEO. Please go ahead. Thank you, Betsy. Joining me on the call today are Greal Isaac, 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-K filed previously and available on our website, prospectstreet.com. Now I'll turn the call back over to John. Thank you, Kristen. In the June quarter, our net investment income, or NII, was $79 million, 17 cents per common share. Our NAV was $3 billion, $6.56 per common share. At June 30, our net debt to total assets ratio was 30.4 percent. Unsecured debt plus unsecured preferred is 77.1 percent of total debt plus preferred. We are announcing monthly common shareholder distributions of 4.5 cents per share for each of September and October. We plan on announcing our next set of shareholder distributions in November. Since our IPO 20 years ago through our October 2025 declared distribution, we will have dis...