I enjoyed owning PSEC stock and collecting the dividends. However, I recently sold all my remaining PSEC shares @ 8.55-8.56 range. Reasons: declining pps, declining dividend payout, mgt fees far too high, and unknown of the "rights offering". Not worth it and moved on to other dividend payors DHF, PFN, DFP, etc. Yes, they pay a smaller dividend % (8-10%), but far more stable and recently all have increased pps price so some small capital gains as well as dividends. GLTA of you PSEC longs . In parting, I have a bad feeling re the Rights Offering ( not really a spin off) but not my problem anymore. Have though, enjoyed the posts on both sides, pro and con. .
Yes, interest rates are slowly rising which should be good for psec share prices...but, psec keeps dropping and lately, 1%+ per day. Not a good sign for psec. Those who added/bought more more shares in past few days to lower average share cost, and increase dividends each month, have lost additional money as pps drops. The ole catch a falling knife problem. 64k question is, how low will the markets and psec go?
FSC is a bad investment at any price. Bad Mgt. PSEC is safer, but questions about their Mgt also. Both gouge the management fees to the detriment of their investors. While FSC is tanking, Mgt fees are high..while the profits, and NAV/dividends decline. Stay away...far away.