PROSPECT CAPITAL CORP
For the period ended Jun 30, 2024. Filed Aug 28, 2024.
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FY2024 · Filed Aug 28, 2024
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Item 9B. Other Information
During the years ended June 30, 2024, no director or Section 16 officer of the Company adopted orterminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408 of Regulation S-K.
We have adopted insider trading policies and procedures governing the purchase, sale, and disposition of the our securities by our officers and directors that are reasonably designed to promote compliance with insider trading laws, rules and regulations.
The below table sets forth each class of our outstanding securitiesas of August 27, 2024:
| Title of Class of Securities · Amount Authorized · Amount Held by Registrant or for its Account · Amount Outstanding Exclusive of Amount held by Registrant or for its Account | ||||
|---|---|---|---|---|
| Common Stock | 1,352,100,000 | 0 | 428,988,217 shares | |
| Preferred Stock | 647,900,000 | 0 | 70,580,985 shares | |
| 2025 Notes | 201,250 | 0 | 156,168 | |
| 2026 Notes | 400,000 | 0 | 400,000 | |
| 3.364% 2026 Notes | 300,000 | 0 | 300,000 | |
| 3.437% 2028 Notes | 300,000 | 0 | 300,000 | |
| Prospect Capital InterNotes® | 1,000,000 | 0 | 569,257 | (1) |
(1) Prospect Capital InterNotes® amount outstanding includes settlements occurring on or before the filing date of the 10-K for the year ended June 30, 2024.
Financial Highlights
The financial highlights for each of the five years ended June 30, 2024 are presented within Note 16. Financial Highlights within our consolidated financial statements. The following is a schedule of financial highlights for each of the fiscal years ended June 30, 2019, June 30, 2018, June 30, 2017, June 30, 2016, and June 30, 2015:
| Year Ended June 30, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2019 · 2018 · 2017 · 2016 · 2015 | |||||||||
| Per Share Data | |||||||||
| Net asset value at beginning of year | $9.35 | $9.32 | $9.62 | $10.31 | $10.56 | ||||
| Net investment income(1) | 0.85 | 0.79 | 0.85 | 1.04 | 1.03 | ||||
| Net realized and change in unrealized (losses)(1) | (0.46) | 0.04 | (0.15) | (0.75) | (0.05) | ||||
| Net increase from operations | 0.39 | 0.83 | 0.70 | 0.29 | 0.98 | ||||
| Distributions of net investment income | (0.72) | (0.77) | (1.00) | (1.00) | (1.19) | ||||
| Common stock transactions(2) | (0.01) | (0.03) | (4) | — | 0.02 | (0.04) | |||
| Net asset value at end of year | $9.01 | $9.35 | $9.32 | $9.62 | $10.31 | ||||
| Per share market value at end of year | $6.53 | $6.71 | $8.12 | $7.82 | $7.37 | ||||
| Total return based on market value(3) | 8.23% | (7.42%) | 16.80% | 21.84% | (20.84%) | ||||
| Total return based on net asset value(3) | 7.17% | 12.39% | 8.98% | 7.15% | 11.47% | ||||
| Shares of common stock outstanding at end of year | 367,131,025 | 364,409,938 | 360,076,933 | 357,107,231 | 359,090,759 | ||||
| Weighted average shares of common stock outstanding | 365,984,541 | 361,456,075 | 358,841,714 | 356,134,297 | 353,648,522 | ||||
| Ratios/Supplemental Data | |||||||||
| Net assets at end of year | $3,306,275 | $3,407,047 | $3,354,952 | $3,435,917 | $3,703,049 | ||||
| Portfolio turnover rate | 10.86% | 30.70% | 23.65% | 15.98% | 21.89% | ||||
| Ratio of operating expenses to average net assets | 11.65% | 11.08% | 11.57% | 11.95% | 11.66% | ||||
| Ratio of net investment income to average net assets | 9.32% | 8.57% | 8.96% | 10.54% | 9.87% | ||||
(1)Per share data amount is based on the weighted average number of common shares outstanding for the year/period presented (except for dividends to shareholders which is based on actual rate per share).
(2)Common stock transactions include the effect of our issuance of common stock in public offerings (net of underwriting and offering costs), shares issued in connection with our dividend reinvestment plan, shares issued to acquire investments and shares repurchased below net asset value pursuant to our Repurchase Program.
(3)Total return based on market value is based on the change in market price per share between the opening and ending market prices per share in each period and assumes that dividends are reinvested in accordance with our dividend reinvestment plan. Total return based on net asset value is based upon the change in net asset value per share between the opening and ending net asset values per share in each period and assumes that dividends are reinvested in accordance with our dividend reinvestment plan.
(4)Amount is less than $0.01.
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