fabriziof
Forumer storico
SEC) | Seeking Alpha11,5 potrebbe essere alla portata
Business Development Company US74348T1025 / US31678A1034 ed altri
- Creatore Discussione fabriziof
- Data di Inizio
11,5 potrebbe essere alla portata
sparviero7000
Forumer storico
Prospect Capital up 2.6% after announcing spinoff strategy • 4:51 PM
Stephen Alpher, SA News Editor
Prospect (NASDAQ:PSEC) hopes to "unlock value" by spinning off certain "pure play" business strategies to shareholders. Those to be spun are strategies which have grown faster than the company's overall growth rate over the past few years, and that need something less constraining than a BDC structure to continue that growth.
Initial focus will be on three separate companies consisting of portions of Prospect's CLO structured credit, online lending, and real estate businesses. The goal is to complete the spinoffs in early 2015.
Turning to Q3 operations, NII of $94.5M or $0.28 per share vs. $82.3M and $0.32 one year ago. NII rose and NII per share fell Y/Y thanks to non-recurring dividend and prepayment income in the year-ago period. Dividend is roughly $0.33.
Net increase in net assets from operations of $84.1M or $0.24 per share vs. $79.9M and $0.31 one year ago.
Net asset value per share of $10.47 vs. $10.56 at the end of Q2.
Shares +2.6% after-hours
Conference call tomorrow at 11 ET
Previously: Prospect Capital NII in-line, misses on revenue
Stephen Alpher, SA News Editor
Prospect (NASDAQ:PSEC) hopes to "unlock value" by spinning off certain "pure play" business strategies to shareholders. Those to be spun are strategies which have grown faster than the company's overall growth rate over the past few years, and that need something less constraining than a BDC structure to continue that growth.
Initial focus will be on three separate companies consisting of portions of Prospect's CLO structured credit, online lending, and real estate businesses. The goal is to complete the spinoffs in early 2015.
Turning to Q3 operations, NII of $94.5M or $0.28 per share vs. $82.3M and $0.32 one year ago. NII rose and NII per share fell Y/Y thanks to non-recurring dividend and prepayment income in the year-ago period. Dividend is roughly $0.33.
Net increase in net assets from operations of $84.1M or $0.24 per share vs. $79.9M and $0.31 one year ago.
Net asset value per share of $10.47 vs. $10.56 at the end of Q2.
Shares +2.6% after-hours
Conference call tomorrow at 11 ET
Previously: Prospect Capital NII in-line, misses on revenue
sparviero7000
Forumer storico
Prospect Capital up 2.6% after announcing spinoff strategy • 4:51 PM
Stephen Alpher, SA News Editor
Prospect (NASDAQ:PSEC) hopes to "unlock value" by spinning off certain "pure play" business strategies to shareholders. Those to be spun are strategies which have grown faster than the company's overall growth rate over the past few years, and that need something less constraining than a BDC structure to continue that growth.
Initial focus will be on three separate companies consisting of portions of Prospect's CLO structured credit, online lending, and real estate businesses. The goal is to complete the spinoffs in early 2015.
Turning to Q3 operations, NII of $94.5M or $0.28 per share vs. $82.3M and $0.32 one year ago. NII rose and NII per share fell Y/Y thanks to non-recurring dividend and prepayment income in the year-ago period. Dividend is roughly $0.33.
Net increase in net assets from operations of $84.1M or $0.24 per share vs. $79.9M and $0.31 one year ago.
Net asset value per share of $10.47 vs. $10.56 at the end of Q2.
Shares +2.6% after-hours
Conference call tomorrow at 11 ET
Previously: Prospect Capital NII in-line, misses on revenue
Stephen Alpher, SA News Editor
Prospect (NASDAQ:PSEC) hopes to "unlock value" by spinning off certain "pure play" business strategies to shareholders. Those to be spun are strategies which have grown faster than the company's overall growth rate over the past few years, and that need something less constraining than a BDC structure to continue that growth.
Initial focus will be on three separate companies consisting of portions of Prospect's CLO structured credit, online lending, and real estate businesses. The goal is to complete the spinoffs in early 2015.
Turning to Q3 operations, NII of $94.5M or $0.28 per share vs. $82.3M and $0.32 one year ago. NII rose and NII per share fell Y/Y thanks to non-recurring dividend and prepayment income in the year-ago period. Dividend is roughly $0.33.
Net increase in net assets from operations of $84.1M or $0.24 per share vs. $79.9M and $0.31 one year ago.
Net asset value per share of $10.47 vs. $10.56 at the end of Q2.
Shares +2.6% after-hours
Conference call tomorrow at 11 ET
Previously: Prospect Capital NII in-line, misses on revenue
fabriziof
Forumer storico
Io sui bdc investo ormai solo con ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN - ETRACS Exchange Traded Notes
sparviero7000
Forumer storico
io ho lasciato solo prospect, ce ogni tanto sono tentato di togliere per la doppia tassazione, ma devo dire che mi piace e per ora la tengo
sparviero7000
Forumer storico
sparviero7000
Forumer storico
domani in pagamento il dvd mensile di prospect 0,1106$ per azione