The Traderszone Network

Published in TZ Latest News 10 June, 2014 by The TZ Newswire Staff

Prospect Capital: No Restatement Is Required By The SEC

ByAlbert Alfonso:

Shares of Prospect Capital (PSEC) have been languishing in recent weeks. The company has been hounded by the revelation of an SEC request for it to consolidate its holding companies. Fears were that this consolidation request could have forced the company to restate its prior results, which may have had impacted its leverage ratio, taxable income, NII, NAV, and other metrics.

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