LOWEST price/book and way below 1.3 average for BDC's
For those of you scared to invest because of the small premium to book consider this.
1. Prospect has averaged 1.2 x book and currently trades at 1.05x. MAIN trades at 1.8x, FSC 1.09
PPS of PSEC at 1.2x=12.97
PPS of PSEC at 1.8x=19.45
Need to get to at least 50%
82 MILLION IN UNDISTRIBUTED DIVIDENDS.
78 million depreciation.
BOOK is MUCH HIGHER THAN 10.81.We likely will not be taking near 80 M out of book on the new Investments. Also likely will never be able to distribute the excess divi causing another YEAR of throwback.