BNET Industries

Prospect Energy Corp.

(PSEC) is in the Energy Industry

Market Cap:$691.6M

Last Fiscal Year Sales:$79.4M

Public
US

Dow Jones Description

We are a financial services company that primarily lends and invests in middle market privately-held companies. We are a closed-end investment company that has filed an election to be treated as a business development company under the Investment Company Act of 1940 as amended, or the 1940 Act. We, a Maryland corporation, were organized on April 13, 2004 under the name Prospect Street Energy Corporation and we changed our name to Prospect Energy Corporation on June 23, 2004. We changed our name again to Prospect Capital Corporation in May 2007 and at the same time terminated our policy of investing at least 80% of our net assets in energy companies. While we expect to be less focused on the energy industry in the future, we will continue to have significant holdings in the energy and energy related industries. On July 27, 2004, we completed our initial public offering, or IPO, and sold 7,000,000 shares of common stock at a price of $15.00 per share, less underwriting discounts and commissions totaling $1.05 per share. An additional 55,000 shares were issued through the exercise of an over-allotment option with respect to the IPO on August 27, 2004. Since the IPO and the exercise of the related over-allotment option, we have made six other share offerings and three related over-allotment options resulting in the issuance of 21,926,650 shares at prices ranging from $14.90 to $17.70. ...

Number of Employees 15

Contact Information

10 E 40th St Ste 4400

New York, New York 10016

www.prospectstr...

(212) 448-0702

Peer Companies

NAICS Code Support Activities for Coal Mining: 213113

Company News

Recent Events

Prospect Capital completes Patriot Capital deal

12/02/09 - Merger / Acquisition - View Story
Prospect closes $197M purchase of Patriot Capital

12/02/09 - Merger / Acquisition - View Story
Shareholders Approve Patriot Capital's Merger Into Prospect

11/19/09 - Merger / Acquisition - View Story
Wells Fargo Downgrades Prospect Capital PSEC to Market Perform; Credit Quality Stable But Write-Downs Could...

11/11/09 - Bond / Stock Rating - View Story
Prospect Capital Announces Results for Quarter Ended September 30, 2009

11/09/09 - Financial Announcement - View Story
Patriot Capital Funding Declares Final Dividend

10/29/09 - Merger / Acquisition - View Story
Patriot Capital Funding Modifies Previously Declared Final

11/03/09 - Merger / Acquisition - View Story
Stifel Nicolaus & Co. initiates coverage of Prospect Capital Corp. at 'hold'

10/13/09 - Bond / Stock Rating - View Story
Prospect Capital PSEC Raises Qtr. Dividend to $0.4075, Yielding 16.09%

9/28/09 - Stock Split / Dividend - View Story
Prospect Capital shares dip after discounted stock sale

9/24/09 - Merger / Acquisition - View Story
Fox-Pitt Kelton Cochran LLC maintains Prospect Capital Corp. at 'outperform'

9/17/09 - Bond / Stock Rating - View Story
Morgan Keegan & Co. downgrades Prospect Capital Corp. to 'market perform'

9/17/09 - Bond / Stock Rating - View Story
Prospect Capital PSEC Reports Q2 Results

9/24/09 - Financial Announcement - View Story
OTCPicks.com: GST, BEHL, SNRR, PCAP, SFIO, August 4 Stocks to Watch from OTCPicks.com

8/04/09 - Merger / Acquisition - View Story

News & Analysis