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Prospect Capital Corporation Message Board

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  • serendipitymoonlight serendipitymoonlight Sep 7, 2011 1:33 AM Flag

    WHY?

    because those two companies you mention are not able to sustain the dividends and will have to cut them again. In addition, both of them will not be increasing their dividends over time like PSEC, and PSEC is better managed and is able to further grow its NOI. The management did two secondary offerings (psec) more recently, very well timed too. The second of the two was questionable because it was issued below NAV by a few cents, this turned out to be a positive thing for the company, considering the are taking that same 100 million and buying back the common they issued at 10.15 for under $9.00.. thus creating a positive effect on NAV and NOI.

 
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