Let's see now, bought back 6 million shares, lose about .80 to .90 cents a month in bv and can only manage to declare dividends a month at a time and keep the rate constant. Can't say there is much positive going for this organization. At this of bv degradation, bv will be zero in 2.5 years at which time you will get zero dividends and zero on your equity investment. Talk about them when they buy back shares and bv and dividends increase.
and dropped another .80 to .90 cents in bv, not so great news for shareholders. It would be interesting if bv was going up with the stock purchases, but buying stock and having bv decrease with a constant dividend is not good news for the future,
PSEC board taken down because management didn't like negative comments about them. Jim Cooper has them being investigated by SEC and law firms are inquiring about management's lack of fiduciary responsibility to shareholders if you asked jim cooper..
Per share isn't bad due to buybacks, gross could be worse. They've reduced the float by about 10%, so the gross NAV (not per share) actually was down another 8%. Additionally, there is 10% less income to distribute. Shows a continued erosion of assets and income. Rates are going to start to rise so the hedges may start to come into play in the future and a turnaround is close at hand.