Prospect Capital Corporation reported net investment income of $77.7 million for the fourth quarter of 2026, while its net asset value (NAV) per common share decreased to $5.71 from $6.05 in the prior quarter. The company continues to rotate its portfolio toward first-lien senior secured loans, which now represent 72.5% of the portfolio at cost.
Key Highlights
- Net investment income of $0.15 per common share for the quarter ended June 30, 2026, compared to $0.17 in the prior year period.
- Total investment income for the fourth quarter reached $155.8 million, driven primarily by interest income from control and non-control investments.
- Post-quarter closing of the Valley Electric sale on July 1, 2026, for $328 million, which is expected to further deleverage the balance sheet.
- Non-accrual loans remained low at 0.7% of total assets at fair value as of June 30, 2026.