PSEC News & Events

Latest data shows the largest indicative borrow rate increases among liquid option names include: Prospect Capital (PSEC) 6.65% +3.79, Angion Biomedica Corp (ELTX) 13.52% +1.76, GRANITESHARES 2X LONG MU DAILY ETF (MULL) 13.12% +1.61, Vivopower Plc (VIVO) 16.76% +0.70, Avalo Therapeutics (AVTX) 1.18% +0.65, KULR Technology Group (KULR) 6.76% +0.54, CPS Technologies (CPSH) 6.12% +0.52, Tradr 2X Long SNDK Daily ETF (SNXX) 8.43% +0.49, ASP Isotopes Inc (ASPI) 1.76% +0.38, and Boost Run Inc. (BRUN) 8.40% +0.38.

Prospect Capital (PSEC) announced the sale of Prospect's portfolio company Valley Electric to MYR Group (MYRG). The closing of the transaction is expected to occur on or about July 1 for consideration of approximately $328M, subject to net asset, other post-closing purchase price adjustments and earn-out payment. Over the life of the Valley Electric investment since 2012 and including expected net exit proceeds of approximately $280M, together with prior interest on debt, equity distributions, and other cash flow streams, Prospect will have achieved a 20.4% realized gross annualized internal rate of return and 4.8 times multiple of invested capital.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Prospect Capital (PSEC) 7.81% +5.13, T-REX 2X Long BMNR Daily Target ETF (BMNU) 12.28% +2.60, Wendy's (WEN) 11.62% +2.34, Tradr 2X Short SNDK Daily ETF (SNDQ) 33.41% +1.77, KULR Technology Group (KULR) 8.05% +1.40, GRANITESHARES 2X LONG PLTR DAILY ETF (PTIR) 3.79% +0.76, -1X SHORT VIX FUTURES ETF (SVIX) 8.93% +0.71, Angion Biomedica Corp (ELTX) 11.66% +0.68, BioNTech SE (BNTX) 2.12% +0.51, and ProShares UltraShort Lehman 20 plus Year Treasury (TBT) 6.21% +0.42.

Reports Q1 total investment income $150.07M vs. $170.72M last year. Reports NAV per share $6.05 at March 31.