Prospect Capital Fiscal Q4 Net Income, Investment Income Drops from Year Ago Levels

(At item published on Aug. 28 at 4:21 pm ET incorrectly said in the final paragraph the monthly cash distribution was unchanged when in fact the previous distribution was $0.0833 per share. The corrected version follows.)

Prospect Capital (PSEC) late Monday reported fiscal Q4 net income of $0.14 per share, slipping from a $0.27 per share profit during the year-ago period.

Net investment income in the quarter ended June 30 declined to $69.7 million from $91.4 million during the same quarter last year.

The company also declared monthly cash distributions for September and October of $0.06 per share each, payable Oct. 19 and Nov. 22, respectively, down from the $0.08333 per share declared for May, June, July and August.

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