Prospect Capital Corporation announced financial results for its fiscal quarter ended March 31, 2025, reporting net investment income (NII) of $83.5 million, or $0.19 per common share. The company reported a net decrease in net assets resulting from operations of $171.3 million, or $0.39 per common share.
The company declared monthly common shareholder distributions of $0.045 per share for May, June, July, and August 2025, maintaining the current rate. Prospect's first lien mix increased by 60 basis points from the prior quarter and 650 basis points from the prior year, reflecting its strategic focus.
The subordinated structured notes portfolio was further reduced to 4.2% of total assets, a 310 basis point reduction from March 31, 2024. Prospect also successfully retired its $156.2 million convertible bond maturity in March 2025, leaving only $2.4 million of debt maturing in calendar year 2025.
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