SOURCE: Prospect Capital Corporation

Prospect Capital Corporation

March 18, 2010 17:26 ET

Prospect Capital Declares 22nd Consecutive Quarterly Cash Distribution Increase

NEW YORK, NY--(Marketwire - March 18, 2010) - Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect" or "Company") announced today that it has declared a third fiscal quarter (for the fiscal year ending June 30, 2010) cash distribution of $0.41 per share.

This distribution marks the Company's 22nd consecutive quarterly increase. The ex-dividend date is Monday, March 29, 2010. The record date is Wednesday, March 31, 2010. The payment date is Friday, April 23, 2010.

Distribution History

Distribution Per Share Quarter Ended
$0.41 March 31, 2010
$0.40875 December 31, 2009
$0.4075 September 30, 2009
$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


Prospect Capital Corporation ( 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.