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Prospect Capital outlines $200M buyback authorization while maintaining $0.035 monthly distributions
$200M buyback authorization and maintained $0.035 monthly distributions signal shareholder returns.
Context
What happened: Prospect Capital outlined a $200M buyback authorization while maintaining $0.035 monthly distributions, as discussed on its Q1 2027 earnings call.
Key numbers: Q1 2027 NII $76 million, or $0.15 per common share. NAV at September 30 approximately $2.9 billion, or $5.36 per common share. Buyback authorization $200M. Monthly distributions $0.035.
Why it matters: The buyback authorization and maintained monthly distribution signal continued capital return to shareholders alongside the reported NII and NAV figures.
What changed
Prospect Capital outlined a $200M buyback authorization while maintaining $0.035 monthly distributions, as discussed on its Q1 2027 earnings call.
Why it matters
The buyback authorization and maintained monthly distribution signal continued capital return to shareholders alongside the reported NII and NAV figures.