Prospect Capital Corporation (PSEC) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Prospect Capital first 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 your telephone keypad. To withdraw your question, please press star then two. Please note that this event is being recorded. I would now like to turn the conference over to John Barry, Chairman and CEO. Please go ahead. Thank you, Chloe. Joining me on the call today are Grier Eliasek, our President and Chief Operating Officer, and Kristin Van Dask, our Chief Financial Officer. Kristin? Thanks, John. This call contains forward-looking statements 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. John? Thank you, Kristin. In the June quarter, our net investment income, or NII, was $78 million. Consistent with the prior quarter were $0.15 per common share. Our NAV was approximately $2.9 billion or $5.71 per common share. At June 30, our net debt to total assets ratio was 28.6%. Unsecured debt plus unsecured perpetual preferred with 83.7% of total debt plus preferred. We are announcing monthly common shareholder distributions of 3.5 cents per share for each of September and October. Since our IPO 22 years ago through our October 2026 declared distribution, we will have distributed over $4.8 billion or $22.14 per share. Our preferred shareholder cash dis...