Prospect Capital: 12% Yield And 45% Discount To NAV After Cut
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Prospect Capital has cut its distribution, resulting in a 15% drop in its stock price. The stock now offers a 12% yield and trades at a 45% discount to its Net Asset Value (NAV).
November 08, 2024 | 11:00 pm
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Prospect Capital's distribution cut has led to a 15% decline in its stock price. The stock now yields 12% and trades at a 45% discount to NAV.
The distribution cut is a significant negative event, leading to a sharp 15% decline in stock price. The high yield and discount to NAV may attract some investors, but the immediate impact is negative.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100