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0001102624-05-000329.txt : 20051212
0001102624-05-000329.hdr.sgml : 20051212
20051212171926
ACCESSION NUMBER: 0001102624-05-000329
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20051212
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20051212
DATE AS OF CHANGE: 20051212
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROSPECT ENERGY CORP
CENTRAL INDEX KEY: 0001287032
IRS NUMBER: 432048643
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 814-00659
FILM NUMBER: 051259082
BUSINESS ADDRESS:
STREET 1: 10 EAST 40TH STREET 44TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10016
BUSINESS PHONE: 212-448-0702
MAIL ADDRESS:
STREET 1: 10 EAST 40TH STREET 44TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10016
FORMER COMPANY:
FORMER CONFORMED NAME: PROSPECT STREET ENERGY CORP
DATE OF NAME CHANGE: 20040414
8-K
1
prospect8k.htm
PROSPECT ENERGY 8K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
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Date of Report: December 12, 2005
(Date of earliest event reported)
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Prospect Energy Corporation
(Exact name of registrant as specified in its charter)
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MD
(State or other jurisdiction of incorporation)
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333-114552
(Commission File Number)
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43-2048643
(IRS Employer Identification Number)
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10 East 40th Street, Suite 4400, New York, New York 10016
(Address of principal executive offices)
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10016
(Zip Code)
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212 448-0702 (Registrant's telephone number, including area code)
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Not Applicable (Former Name or Former Address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
- o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
- o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
- o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
- o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Exhibits
Prospect Energy Corporation Increases Quarterly Dividend by 40% to $0.28 per Share
99.1 Press Release of Prospect Energy Corporation dated December 12, 2005
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
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Dated: December 12, 2005
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PROSPECT ENERGY CORPORATION
By: /s/ John F. Barry III
John F. Barry III
Chief Executive Officer
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Exhibit Index
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Exhibit No. |
Description |
99.1 |
Press Release of Prospect Energy Corporation dated December 12, 2005 |
EX-99
2
prospectenergycorpo.htm
PROSPECT ENERGY PRESS RELEASE
Prospect Energy Corporation Increases Quarterly Dividend by 40% to $0.28 per Share
NEW YORK, NY -- 12/12/2005 -- Prospect Energy Corporation (NASDAQ: PSEC)
("Prospect") announced today that it has declared a second fiscal quarter
(for the fiscal year ending June 30, 2006) dividend of $0.28 per share,
payable on December 29, 2005, to shareholders of record as of December 22,
2005. The ex-dividend date is December 20, 2005. This dividend marks an
increase of $0.08 or 40% from the prior quarter's dividend of $0.20 per
share, and the fifth consecutive quarterly increase. Prospect's annualized
dividend yield is now approximately 8% based on its September 30, 2005 net
asset value.
Prospect estimates its net investment income in the current quarter will
reach approximately $2.0 million, or approximately $0.28 per share. After
eliminating non-recurring expenses and adding investment return on
previously setaside cash into treasuries for the full quarter, both on a
pro forma basis, Prospect estimates its net investment income in the
current quarter would have reached approximately $2.3 million, or
approximately $0.33 per share, equivalent to an annualized dividend yield
of approximately 9%, based on its September 30, 2005 net asset value.
Dividend History
Dividend Per Share Quarter Ended
- -------- --- ----- ------- -----
$0.28 December 31, 2005
$0.20 September 30, 2005
$0.15 June 30, 2005
$0.125 March 31, 2005
$0.10 December 31, 2004
About Prospect Energy Corporation
Prospect Energy Corporation (www.prospectenergy.com) is a closed-end
investment company that lends to and invests in energy-related businesses
and assets. Prospect Energy's investment objective is to generate both
current income and long-term capital appreciation through debt and equity
investments.
Prospect Energy has elected to be treated as a business development company
under the Investment Company Act of 1940 ("1940 Act"). Accordingly, we are
required to comply with a series of regulatory requirements under the 1940
Act as well as applicable NASDAQ, state, and federal rules and regulations.
In addition, we have elected to be treated as a regulated investment
company under the Internal Revenue Code of 1986. Failure to comply with any
of the laws and regulations that apply to Prospect Energy could have a
material adverse effect on Prospect Energy and its shareholders.
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Any such
statements, other than statements of historical fact, are likely to be
affected by other unknowable future events and conditions, including
elements of the future that are or are not under the Company's control, and
that the Company may or may not have considered; accordingly, such
statements cannot be guarantees of any aspect of future performance.
Actual developments and results are highly likely to vary materially from
these estimates and projections of the future. Such statements speak only
as of the time when made, and the Company undertakes no obligation to
update any such statement now or in the future.
Contact:
Please send investment proposals to:
Prospect Energy Corporation
John Barry
jbarry@prospectstreet.com
(212) 448-0702
Grier Eliasek
grier@prospectstreet.com
(212) 448-0702
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