Prospect Capital Corporation is a USA-based financial services company, founded in 2004 and headquartered in New York, with regional offices in Connecticut. The organisation is a Business Development Company (BDC) and specialises in debt and equity investments in middle-market businesses across the USA and Canada. Investing across a wide range of industries, Prospect Capital aims to deliver consistent, attractive returns to shareholders while preserving capital.
The company uses the ticker PSEC and trades on the NASDAQ GS. In October 2020, the PSEC price chart showed a 52-week low of $3.68 and a 52-week high of $6.75. The company pays a dividend to shareholders, with a dividend yield of 14.12% in 2020.
Prospect Capital is heavily focussed on middle-market companies across the USA and Canada and has over 120 companies within their portfolio. These companies span 39 different industries including consumer finance, insurance, and entertainment. Portfolio holdings in 2020 included Amerilife Holdings LLC, Cinedigm DC Holdings LLC, and InterDent Inc. In October 2020, Prospect Capital had over 360 investments funded and was holding assets of over $5.3bn. The organisation is a closed-end investment company that has elected to be regulated as a business development company.
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