v3.26.3
Transactions with Controlled Companies
 3 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Transactions with Controlled Companies Transactions with Controlled Companies
The descriptions below detail the transactions which Prospect Capital Corporation (“Prospect”) has entered into with each of our controlled companies. Certain of the controlled entities discussed below were consolidated effective July 1, 2014 (see Note 1). As such, transactions with these Consolidated Holding Companies are presented on a consolidated basis.
Belnick, LLC (d/b/a The Ubique Group)
On March 31, 2025, Prospect exercised certain rights and remedies under its loan documents to exercise voting rights in respect of the equity of Belnick, LLC and certain of its subsidiaries (“Belnick”), enabling Prospect to control 100% of the voting power of Belnick and to, among other things, appoint new officers, all of whom are our Investment Adviser’s professionals. As a result, Prospect’s investment in Belnick became classified as a control investment.
Effective May 22, 2025, Prospect established 100% ownership of Belnick Holdings of Delaware, LLC (“Belnick Delaware”), a Consolidated Holding Company. On May 23, 2025, Belnick Delaware acquired a 100% voting interest in Belnick’s Class P Preferred units, which together with the voting rights obtained through proxy over the remaining Class A units, provides Prospect with 100% of the voting interest in Belnick. Belnick Delaware executed a share transfer agreement for the remaining Class A units and effective December 31, 2025, owns 100% of the membership units in Belnick. Belnick is a provider of high-volume, value-oriented furniture and furnishings to a broad range of residential and commercial end markets.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$3,079 $2,863 
Other Income
Structuring Fee$— $13 
Administrative Agent13 — 
Total Other Income$13 $13 
Reimbursement of Legal, Tax, etc. (1)
$8 $84 

(1) Paid from Belnick to Prospect Administration LLC (“PA”) as reimbursement for legal, tax, and portfolio level accounting services provided directly to Belnick (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).
Three Months Ended
September 30, 2026September 30, 2025
Interest Income Capitalized as PIK2,207 $2,863 
As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$34 $33 
Other Receivables (4)
4 3 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from/to Belnick to/from Prospect for reimbursement of future expenses paid by Prospect on behalf of Belnick.

CP Energy Services Inc.
Prospect owns 100% of the equity of CP Holdings of Delaware LLC (“CP Holdings”), a Consolidated Holding Company. CP Holdings owns 99.8% of the equity of CP Energy Services, Inc. (“CP Energy”), and the remaining equity is owned by CP Energy management. CP Energy owns directly or indirectly 100% of each of CP Well; Wright Foster Disposals, LLC; Foster Testing Co., Inc.; ProHaul Transports, LLC; and Wright Trucking, Inc. CP Energy provides oilfield flowback services and fluid hauling and disposal services through its subsidiaries. In June 2019, CP Energy purchased a controlling interest in the common equity of Spartan Energy Holdings, Inc. (“Spartan Holdings”), which owns 100% of Spartan Energy Services, LLC (“Spartan”) a portfolio company of Prospect with $61,912 and $61,429 in first lien term loans (the “Spartan Term Loans”) due to us as of September 30, 2026 and June 30, 2026, respectively. As a result of CP Energy’s purchase, and given Prospect’s controlling interest in CP Energy, our Spartan Term Loans are presented as control investments under CP Energy beginning June 30, 2019. Spartan remains the direct borrow and guarantor to Prospect for the Spartan Term Loans.
In December 2019, Wolf Energy Holdings, Inc. (“Wolf Energy Holdings”), our Consolidated Holding Company that previously owned 100% of Appalachian Energy LLC (“AEH”); Wolf Energy Services Company, LLC (“Wolf Energy Services”); and Wolf Energy, LLC (collectively our previously controlled membership interest and net profit interest investments in “Wolf Energy”), merged with and into CP Energy, with CP Energy continuing as the surviving entity. CP Energy acquired 100% of our equity investment in Wolf Energy, which is reflected in our valuation of the CP Energy common stock beginning December 31, 2019.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income
  Interest Income from CP Energy
$3,596 $3,367 
  Interest Income from Spartan
1,884 1,655 
Total Interest Income$5,480 $5,022 
(1) Paid from CP Energy to Prospect Administration LLC as reimbursement for legal, tax, and portfolio level accounting services provided directly to CP Energy (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).

Three Months Ended
September 30, 2026September 30, 2025
Additions
CP Energy$1,900 $400 
Spartan— 1,400 
Total Additions$1,900 $1,800 
Interest Income Capitalized as PIK
CP Energy$2,793 $867 
Spartan483 979 
Total Interest Income Capitalized as PIK$3,276 $1,846 
As of
September 30, 2026June 30, 2026
Interest Receivable (2)
$463 $59 
Other Receivables (3)
1,110 1,107 
(2) Interest income recognized but not yet paid.
(3) Represents amounts due from CP Energy and Spartan to Prospect for reimbursement of expenses paid by Prospect on behalf of CP Energy and Spartan.

Credit Central Loan Company, LLC
Prospect owns 100% of the equity of Credit Central Holdings of Delaware, LLC (“Credit Central Delaware”), a Consolidated Holding Company. Credit Central Delaware owns 99.8% of the equity of Credit Central Loan Company, LLC (f/k/a Credit Central Holdings, LLC) (“Credit Central”), with entities owned by Credit Central management owning the remaining equity. Credit Central owns 100% of each of Credit Central, LLC; Credit Central South, LLC; Credit Central of Texas, LLC; and Credit Central of Tennessee, LLC. Credit Central is a branch-based provider of installment loans.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$1,371 $2,304 
Managerial Assistance (1)
175 175 
Reimbursement of Legal, Tax, etc. (2)
12 — 
(1) No income recognized by Prospect. Managerial Assistance (“MA”) payments were paid from Credit Central to Prospect and subsequently remitted to PA.
(2) Paid from Credit Central to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to Credit Central (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).

Three Months Ended
September 30, 2026September 30, 2025
Additions$1,398 $2,315 

As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$(11)$15 
Other Receivables (4)
83 79 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from Credit Central to Prospect for reimbursement of expenses paid by Prospect on behalf of Credit Central.

Echelon Transportation LLC (f/k/a Echelon Aviation LLC)
Prospect owns 100% of the membership interests of Echelon Transportation LLC (“Echelon”). Echelon owns 60.7% of the equity of AerLift Leasing Limited (“AerLift”). Following Echelon’s receipt of the final plane proceeds in the year ended June 30, 2026, we wrote off the remaining cost basis of our common and preferred equity and recognized realized losses of $22,738 and $29,596 respectively.

Three Months Ended
September 30, 2026September 30, 2025
Interest Income$— $757 
Managerial Assistance (1)
— 63 
Reimbursement of Legal, Tax, etc. (2)
12 13 
(1) No income recognized by Prospect. MA payments were paid from Echelon to Prospect and subsequently remitted to PA.
(2) Paid from Echelon to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to Echelon (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).
Three Months Ended
September 30, 2026September 30, 2025
Repayment of Loan Receivable$— $30,800 
As of
September 30, 2026June 30, 2026
Other Receivables (4)
$9 $9 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from Echelon to Prospect for reimbursement of expenses paid by Prospect on behalf of Echelon.
Energy Solutions Holdings Inc.
Prospect owns 100% of the equity of Energy Solutions Holdings Inc. (“Energy Solutions”), a Consolidated Holding Company.

Energy Solutions owns 100% of each of Freedom Marine Solutions, LLC (“Freedom Marine”) (see discussion below for transactions with our controlled portfolio company “Freedom Marine Solutions, LLC”) and Yatesville Coal Company, LLC (“Yatesville”).

Energy Solutions also serves as the holding company for our 4.9% voting interest of Discovery MSO Holdco, LLC. Discovery MSO Holdco, LLC owns 100% of Discovery Point Retreat, LLC, a non-control portfolio company of Prospect with outstanding principal of $20,057 in first lien term loans and $987 in first lien delay draw term loans due to us as of September 30, 2026.

Energy Solutions also serves as the holding company for our 4.7% voting interest of TCSPV Holdings IV, LLC. TCSPV Holdings IV, LLC owns 100% of Healthcare Venture Partners, LLC, a non-control portfolio company of Prospect with outstanding principal of $11,165 in first lien term loans due to us as of September 30, 2026.

Energy Solutions also serves as the holding company for our 4.8% voting interest of BFC-SDR, LLC. BFC-SDR, LLC owns 100% of Safety Solutions Financing, LLC, a non-control portfolio company of Prospect with outstanding principal of $19,204 in first lien term loans due to us as of September 30, 2026.

First Tower Finance Company LLC
Prospect owns 100% of the equity of First Tower Holdings of Delaware LLC (“First Tower Delaware”), a Consolidated Holding Company. First Tower Delaware holds 80.10% of the voting interest of First Tower Finance Company LLC (“First Tower Finance”), resulting in a 78.06% ownership of First Tower Finance. First Tower Finance owns 100% of First Tower, LLC (“First Tower”), a multiline specialty finance company.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$18,824 $17,333 
Other Income
Structuring Fee$281 $— 
Royalty/Net Interest2,798 
Total Other Income$3,079 $— 
Managerial Assistance (1)
$1,000 $600 
Reimbursement of Legal, Tax, etc. (2)
— 6 
(1) No income recognized by Prospect. MA payments were paid from First Tower to Prospect and subsequently remitted to PA.
(2) Paid from First Tower to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to First Tower (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).
Three Months Ended
September 30, 2026September 30, 2025
Additions$9,366 $— 
Interest Income Capitalized as PIK— 31 
As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$209 $205 
Other Receivables (4)
4 4 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from First Tower to Prospect for reimbursement of expenses paid by Prospect on behalf of First Tower.

Freedom Marine Solutions, LLC
As discussed above, Prospect owns 100% of the equity of Energy Solutions, a Consolidated Holding Company. Energy Solutions owns 100% of Freedom Marine. Freedom Marine owns 100% of each of Vessel Company, LLC (“Vessel”); Vessel Company II, LLC (“Vessel II”); and Vessel Company III, LLC (“Vessel III”). Vessel II owns MV JF Jett LLC; MV Clint Jett, LLC; and MV Gulf Endeavor, LLC. Vessel III owns MV FMS Courage, LLC; and MV FMS Endurance, LLC.

Three Months Ended
September 30, 2026September 30, 2025
Additions$— $350 
As of
September 30, 2026June 30, 2026
Other Receivables (1)
$5 $5 

(1) Represents amounts due from Freedom Marine to Prospect for reimbursement of expenses paid by Prospect on behalf of Freedom Marine.
InterDent, Inc.
Prospect owns 100% of the equity of InterDent, Inc. (“InterDent”).

Three Months Ended
September 30, 2026September 30, 2025
Interest Income$11,379 $10,455 
Managerial Assistance (1)
366 366 
Reimbursement of Legal, Tax, etc. (2)
— 21 
(1) No income recognized by Prospect. MA payments were paid from InterDent to Prospect and subsequently remitted to PA.
(2) Paid from InterDent to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to InterDent (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).

Three Months Ended
September 30, 2026September 30, 2025
Additions
$3,500 $3,000 
Interest Income Capitalized as PIK4,914 4,272 
As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$127 $124 
Other Receivables (4)
20 11 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from InterDent to Prospect for reimbursement of expenses paid by Prospect on behalf of InterDent.



Kickapoo Ranch Pet Resort

Prospect owns 100% of the membership interest of Kickapoo Ranch Pet Resort (“Kickapoo”). Kickapoo is a luxury pet boarding facility.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$20 $22 

As of
September 30, 2026June 30, 2026
Other Receivables (1)
$11 $11 
(1) Represents amounts due from Kickapoo to Prospect for reimbursement of expenses paid by Prospect on behalf of Kickapoo.
MITY, Inc.
Prospect owns 100% of the equity of MITY Holdings of Delaware Inc. (“MITY Delaware”), a Consolidated Holding Company.
MITY Delaware owns 100% of the equity of MITY, Inc. (f/k/a MITY Enterprises, Inc.) (“MITY”). MITY owns 100% of each of MITY-Lite, Inc. (“MITY-Lite”); Broda USA, Inc. (f/k/a Broda Enterprises USA, Inc.) (“Broda USA”); and Broda Enterprises ULC (“Broda Canada”). MITY is a designer, manufacturer and seller of multipurpose room furniture and specialty healthcare seating products.

During the three months ended December 31, 2016, Prospect formed a separate legal entity, MITY FSC, Inc., (“MITY FSC”) in which Prospect owns 100% of the equity. MITY FSC does not have material operations. This entity earns commission payments from MITY-Lite based on its sales to foreign customers, and distributes it to its shareholder. We recognize such commission, if any, as other income.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$2,192 $2,380 
  Interest Income from Broda Canada
129 — 
Total Interest Income$2,321 $2,380 
Other Income
Structuring Fee
$50 $— 
Total Other Income$50 $— 
Managerial Assistance (1)
$113 $113 
Realized (Loss) Gain6 5 
(1) No income recognized by Prospect. MA payments were paid from MITY to Prospect and subsequently remitted to PA.

Three Months Ended
September 30, 2026September 30, 2025
Additions $2,015 $— 
As of
September 30, 2026June 30, 2026
Interest Receivable (2)
$25 $27 
Other Receivables (3)
17 2 
(2) Interest income recognized but not yet paid.
(3) Represents amounts due from MITY to Prospect for reimbursement of expenses paid by Prospect on behalf of MITY.
National Property REIT Corp.
Prospect owns 100% of the equity of NPH Property Holdings, LLC (“NPH”), a Consolidated Holding Company. NPH owns 100% of the common equity of National Property REIT Corp. (“NPRC”).
NPRC is a Maryland corporation and a qualified REIT for federal income tax purposes. In order to qualify as a REIT, NPRC issued 125 shares of Series A Cumulative Non-Voting Preferred Stock to 125 accredited investors. The preferred stockholders are entitled to receive cumulative dividends semi-annually at an annual rate of 12.5% and do not have the ability to participate in the management or operation of NPRC.
NPRC was formed to hold for investment, operate, finance, lease, manage, and sell a portfolio of real estate assets and engage in any and all other activities as may be necessary, incidental or convenient to carry out the foregoing. NPRC acquires real estate assets, including, but not limited to, industrial, commercial, and multi-family properties. NPRC may acquire real estate
assets directly or through joint ventures by making a majority equity investment in a property-owning entity (the “JV”). Additionally, through its wholly owned subsidiaries, NPRC invests in online consumer loans and rated secured structured notes (“RSSN”).
During the three months ended September 30, 2026, we provided $15,017 of debt financing to NPRC to fund real estate capital expenditures and provide working capital.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$8,998 $15,829 
Managerial Assistance (1)
575 575 
Reimbursement of Legal, Tax, etc. (2)
241 756 
(1) No income recognized by Prospect. MA payments were paid from NPRC to Prospect and subsequently remitted to PA.
(2) Paid from NPRC to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to NPRC (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).
Three Months Ended
September 30, 2026September 30, 2025
Additions$15,017 $25,568 
Repayment of Loan Receivable— 22,604 
As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$99 $158 
Other Receivables (4)
— 1 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due to NPRC from Prospect for a credit of reimbursements of expenses paid by Prospect on behalf of NPRC.
Nationwide Loan Company LLC
Prospect owns 100% of the membership interests of Nationwide Acceptance Holdings LLC (“Nationwide Holdings”), a Consolidated Holding Company. Nationwide Holdings owns 94.22% of the equity of Nationwide Loan Company LLC (“Nationwide”), with members of Nationwide management owning the remaining 5.78% of the equity.
On June 20, 2025, the First Lien Term Loan debt of $29,091 converted to equity.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$282 $255 
Managerial Assistance (1)
100 100 
Reimbursement of Legal, Tax, etc. (2)
— 3 
(1) No income recognized by Prospect. MA payments were paid from Nationwide to Prospect and subsequently remitted to PA.
(2) Paid from Nationwide to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to Nationwide (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).
Three Months Ended
September 30, 2026September 30, 2025
Interest Income Capitalized as PIK$282 $254 
As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$3 $3 
Other Receivables (4)
55 55 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from Nationwide to Prospect for reimbursement of expenses paid by Prospect on behalf of Nationwide.

NMMB, Inc.
Prospect owns 100% of the equity of NMMB Holdings, Inc. (“NMMB Holdings”), a Consolidated Holding Company. NMMB Holdings owns 92.77% of the fully-diluted equity of NMMB, Inc. (f/k/a NMMB Acquisition, Inc.) (“NMMB”) as of September 30, 2026 and June 30, 2026, with NMMB management owning the remaining equity. NMMB owns 100% of Refuel Agency, Inc. (“Refuel Agency”). Refuel Agency owns 100% of Armed Forces Communications, Inc. (“Armed Forces”). NMMB is an advertising media buying business.

Three Months Ended
September 30, 2026September 30, 2025
Interest Income$949 $991 
Dividend Income (1)
1,351 — 
Managerial Assistance (2)
100 100 
Realized (Loss) Gain(1,351)842 
(1) All dividends were paid from earnings and profits of NMMB.
(2) No income recognized by Prospect. MA payments were paid from NMMB to Prospect and subsequently remitted to PA.



As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$11 $10 
Other Receivables (4)
1 1 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from NMMB to Prospect for reimbursement of expenses paid by Prospect on behalf of NMMB.

Pacific World Corporation
Prospect owns 100% of the preferred equity of Pacific World Corporation (“Pacific World”), which represents a 99.99% and 99.99% fully-diluted ownership interest of Pacific World as of September 30, 2026 and June 30, 2026, respectively. As a result, Prospect’s investment in Pacific World is classified as a control investment.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$2,499 $2,522 
Other Income
Structuring Fee
$— $175 
Total Other Income$— $175 
Three Months Ended
September 30, 2026September 30, 2025
Additions$— $7,000 
Interest Income Capitalized as PIK2,094 2,086 
As of
September 30, 2026June 30, 2026
Interest Receivable (1)
$28 $27 
Other Receivables (2)
217 197 
(1) Interest income recognized but not yet paid.
(2) Represents amounts due from Pacific World to Prospect for reimbursement of expenses paid by Prospect on behalf of Pacific World.
QC Holdings TopCo, LLC
As of September 30, 2026 and June 30, 2026, Prospect holds a 95.4% and 95.4% equity interest in QC Holdings TopCo, LLC (“QC Holdings”), representing a controlling beneficial interest in QC Holdings per the 1940 Act. QC Holdings specializes in consumer-focused alternative financial services and credit solutions.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$3,482 $3,374 
Managerial Assistance (1)
163 163 
Reimbursement of Legal, Tax, etc. (2)
20 269 
(1) No income recognized by Prospect. MA payments were paid from QC Holdings to Prospect and subsequently remitted to PA.
(2) Paid from QC Holdings to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to QC Holdings (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).
Three Months Ended
September 30, 2026September 30, 2025
Additions$3,430 $1,706 
As of
September 30, 2026June 30, 2026
Interest Receivable (2)
$40 $40 
Other Receivables (3)
(119)(122)
(2) Interest income recognized but not yet paid.
(3) Represents amounts due to QC Holdings from Prospect for a credit of reimbursements of expenses paid by Prospect on behalf of QC Holdings.

R-V Industries, Inc.
Prospect owns 100% of the equity of R-V Holdings of Delaware, LLC (“R-V Holdings”), a Consolidated Holding Company. R-V Holdings owns 90.01% of the fully-diluted equity of R-V Industries, Inc. (“R-V”), with R-V management owning the remaining 9.99% of the equity. On December 15, 2020 we restructured our $28,622 Senior Subordinated Note with R-V into a $28,622 First Lien Note. No realized gain or loss was recorded as a result of the transaction.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$1,828 $1,456 
Dividend Income (1)
— 877 
Managerial Assistance (2)
45 45 
(1) All dividends were paid from earnings and profits of R-V.
(2) No income recognized by Prospect. MA payments were paid from R-V to Prospect and subsequently remitted to PA.



As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$— $— 
Other Receivables (4)
10 10 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from R-V to Prospect for reimbursement of expenses paid by Prospect on behalf of R-V.


Strategic Chemical Solutions Corp. (effective October 21, 2025 f/k/a USES Corp.)
Prospect owns 99.96% of the equity of Strategic Chemical Solutions Corp. as of September 30, 2026. Strategic Chemical Solutions Corp. provides industrial, environmental, and maritime services in the Gulf States region.
On December 31, 2025, we wrote down the cost basis of the Term Loan A and the Term Loan B loans to zero and realized a loss of $35,568 and $30,651 respectively.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$733 $721 
Three Months Ended
September 30, 2026September 30, 2025
Interest Income Capitalized as PIK$564 $451 

As of
September 30, 2026June 30, 2026
Interest Receivable (1)
$8 $8 
Other Receivables (2)
197 197 

(1) Interest income recognized but not yet paid.
(2) Represents amounts due from Strategic Chemical Solutions Corp. to Prospect for reimbursement of expenses paid by Prospect on behalf of Strategic Chemical Solutions Corp.

Universal Turbine Parts, LLC

On December 10, 2018, UTP Holdings Group, Inc. (“UTP Holdings”) purchased all of the voting stock of Universal Turbine Parts, LLC (“UTP”) and appointed a new board of directors to UTP Holdings, consisting of three employees of the Investment
Adviser. At the time UTP Holdings acquired UTP, UTP Holdings (f/k/a Harbortouch Holdings of Delaware) was a wholly-owned holding company controlled by Prospect and therefore Prospect’s investment in UTP is classified as a control investment.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$1,493 $1,579 
Managerial Assistance (1)
149 3 
Reimbursement of Legal, Tax, etc. (2)
— 1 
(1) No income recognized by Prospect. MA payments were paid from UTP to Prospect and subsequently remitted to PA.
(2) Paid from UTP to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to UTP (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).

Three Months Ended
September 30, 2026September 30, 2025
Dividend Income Capitalized as PIK$2,148 $— 
Repayment of Loan Receivable63 54 

As of
September 30, 2026June 30, 2026
Interest Receivable (3)
$17 $16 
Other Receivables (4)
7 4 
(3) Interest income recognized but not yet paid.
(4) Represents amounts due from UTP to Prospect for reimbursement of expenses paid by Prospect on behalf of UTP.

Valley Electric Company, Inc.
On July 1, 2026, we sold our 94.99% equity interests in Valley Electric for total consideration of $280,779, including fees and escrowed amounts. The consideration includes repayment in full of the $10,452 First Lien Term Loan, $34,777 First Lien Term B, and $38,630 First Lien Term Loan receivable to us, together with $35 of accrued interest and a $2,516 prepayment premium for early repayment, as well as a $9,840 advisory fee for the transaction. We received $143,874 of cash at closing and recorded a realized gain of $131,821 on the sale of our equity position in Valley Electric. In addition, there is $40,655 being held in escrow and additional future earn-out potential that will be recognized as additional realized gain if and when it is received.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income
Interest Income from Valley$313 $322 
Interest Income from Valley Electric2,202 2,825 
Total Interest Income$2,515 $3,147 
Dividend Income (1)
$(1,083)$— 
Other Income
Advisory Fee$9,840 $— 
Royalty, net profit and revenue interests— 167 
Total Other Income$9,840 $167 
Managerial Assistance (2)
— 150 
Reimbursement of Legal, Tax, etc. (3)
78 — 
Realized Gain131,821 
(1) All dividends were paid from earnings and profits of Valley.
(2) No income recognized by Prospect. MA payments were paid from Valley Electric to Prospect and subsequently remitted to PA.
(3) Paid from Valley to PA as reimbursement for legal, tax, and portfolio level accounting services provided directly to Valley (No direct income recognized by Prospect, but we were given a credit for these payments as a reduction to the administrative services payable by Prospect to PA).

Three Months Ended
September 30, 2026September 30, 2025
Repayment of loan receivable$95,912 $— 
As of
September 30, 2026June 30, 2026
Interest Receivable (4)
$— $35 
Other Receivables (5)
(1)9 
(4) Interest income recognized but not yet paid.
(5) Represents amounts due to Valley Electric from Prospect for a credit of reimbursements of expenses paid by Prospect on behalf of Valley Electric.


Victor Technology, LLC
Prospect owns 100% of the equity of Victor Holdings of Delaware, LLC (“Victor Holdings”), a Consolidated Holding Company. During the year ended June 30, 2026, Victor Holdings acquired 100% of the equity interest in VTI Acquisition, Inc. (“VTI”) and 100% of the equity interest in Victor Technology, LLC (“Victor Technology”). As a result, Prospect’s investment in Victor Technology is classified as a control investment as of September 30, 2026. Victor Technology is a manufacturer and distributor of office supplies, including calculators, standing desks, organizers and paperclips.
Three Months Ended
September 30, 2026September 30, 2025
Interest Income$313 $— 
Other Income
Administrative Agent$6 $— 
Total Other Income$6 $— 
Three Months Ended
September 30, 2026September 30, 2025
Repayment of Loan Receivable$75 $— 
As of
September 30, 2026June 30, 2026
Interest Receivable (1)
$3 $3 
Other Receivables (2)
23 17 
(1) Interest income recognized but not yet paid.
(2) Represents amounts due from Victor Technology to Prospect for reimbursement of expenses paid by Prospect on behalf of Victor Technology.