NEW YORK, NY--(Marketwired - Apr 1, 2015) - Prospect Capital Corporation (
Founded in 1969 and headquartered in Chanhassen, Minnesota, IWCO Direct is a leading provider of direct marketing solutions to leading direct marketers for acquisition and loyalty programs in the United States. IWCO Direct is the industry's only fully vertically integrated business model, encompassing data programming and composition, campaign strategy and analysis, creative services, forms and insert printing, plastic card embossing, personalization for complex variable data, envelope manufacturing, mail sortation, postal optimization, and disaster recovery.
"After witnessing budget-beating performance by IWCO Direct, Prospect and Court Square developed a win-win structure that rewards shareholders for the results to date and for continued growth," said Jason Wilson, Managing Director of Prospect Capital Management L.P. "IWCO Direct continues to impress us with its customer-centric, ROI-driven marketing solutions as well as its scale, scope, and technological sophistication of operations that remain without peer in the direct marketing sector."
Prospect closed nearly $3.2 billion of new originations during calendar year 2014.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com) is a business development company that focuses on lending to and investing in private businesses. Prospect's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). Prospect is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. Prospect has 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 Prospect could have an adverse effect on Prospect and its 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 Prospect's control, and that Prospect 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 any forward-looking statements. Such statements speak only as of the time when made, and Prospect undertakes no obligation to update any such statement now or in the future.