Prospect Capital Reports $0.28 of Net Investment Income per Share in December 2015 Quarter, a $0.02 Increase Over Prior Quarter and Exceeding $0.25 per Share Declared Dividend
Company Release - 02/09/2016 16:41
NEW YORK, NY -- (Marketwired) -- 02/09/16 -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect" or "we") today announced financial results for our second fiscal quarter ended December 31, 2015.
For the December 2015 quarter, our net investment income ("NII") was $100.9 million or $0.28 per weighted average share. NII increased by $9.7 million on a dollars basis and increased by $0.02 on a per share basis compared to the September 2015 quarter, driven primarily by an increase in dividend income. NII increased by $9.6 million on a dollars basis and increased by $0.02 on a per share basis compared to the December 2014 quarter.
For the six months ended December 31, 2015, our NII was $192.1 million or $0.54 per weighted average share. For the six months ended December 31, 2014, our NII was $185.8 million or $0.53 per weighted average share. NII increased by $6.3 million year-overyear on a dollars basis and increased by $0.01 on a per share basis, driven primarily by an increase in dividend income.
As a tax-efficient regulated investment company, our 90% minimum shareholder dividend payout requirement is based on taxable income ("distributable income") rather than GAAP net investment income. Distributable income from time to time can decouple from NII. In the December 2015 quarter, we generated distributable income of $99.9 million or $0.28 per weighted average share, similar
to NII and exceeding our $0.25 per share of dividends by $0.03 per share.
Company Release - 02/09/2016 16:41
NEW YORK, NY -- (Marketwired) -- 02/09/16 -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect" or "we") today announced financial results for our second fiscal quarter ended December 31, 2015.
For the December 2015 quarter, our net investment income ("NII") was $100.9 million or $0.28 per weighted average share. NII increased by $9.7 million on a dollars basis and increased by $0.02 on a per share basis compared to the September 2015 quarter, driven primarily by an increase in dividend income. NII increased by $9.6 million on a dollars basis and increased by $0.02 on a per share basis compared to the December 2014 quarter.
For the six months ended December 31, 2015, our NII was $192.1 million or $0.54 per weighted average share. For the six months ended December 31, 2014, our NII was $185.8 million or $0.53 per weighted average share. NII increased by $6.3 million year-overyear on a dollars basis and increased by $0.01 on a per share basis, driven primarily by an increase in dividend income.
As a tax-efficient regulated investment company, our 90% minimum shareholder dividend payout requirement is based on taxable income ("distributable income") rather than GAAP net investment income. Distributable income from time to time can decouple from NII. In the December 2015 quarter, we generated distributable income of $99.9 million or $0.28 per weighted average share, similar
to NII and exceeding our $0.25 per share of dividends by $0.03 per share.