SOURCE: Prospect Capital Corporation

Prospect Capital Corporation

June 23, 2009 16:01 ET

Prospect Capital Declares 19th Consecutive Quarterly Dividend Increase, Representing a 17.9% Current Dividend Yield

NEW YORK, NY--(Marketwire - June 23, 2009) - Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect" or "Company") announced today that it has declared a fourth fiscal quarter (for the fiscal year ending June 30, 2009) dividend of $0.40625 per share.

This dividend marks the Company's 19th consecutive quarterly increase. The dividend now represents an approximately 17.9% current annualized dividend yield based on the closing stock price on June 22, 2009 of $9.09. The ex-dividend date is Monday, July 6, 2009. The record date is Wednesday, July 8, 2009. The payment date is Monday, July 20, 2009.

Dividend History

Dividend Per Share              Quarter Ended
------------------              ------------------
$0.40625                        June 30, 2009
$0.405                          March 31, 2009
$0.40375                        December 31, 2008
$0.4025                         September 30, 2008
$0.40125                        June 30, 2008
$0.40                           March 31, 2008
$0.395                          December 31, 2007
$0.3925                         September 30, 2007
$0.39                           June 30, 2007
$0.3875                         March 31, 2007
$0.385                          December 31, 2006
$0.38                           September 30, 2006
$0.34                           June 30, 2006
$0.30                           March 31, 2006
$0.28                           December 31, 2005
$0.20                           September 30, 2005
$0.15                           June 30, 2005
$0.125                          March 31, 2005
$0.10                           December 31, 2004

ABOUT PROSPECT CAPITAL CORPORATION

Prospect Capital Corporation (www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

We have elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). We are required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to us could have an adverse effect on us and our shareholders.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.

Contact Information

  • For additional information, contact:
    Grier Eliasek
    President and Chief Operating Officer
    Email Contact
    Telephone (212) 448-0702