Prospect Capital Plunges on First Dividend Cut Since 2017
Shares of Prospect Capital Corp., a $7.6 billion publicly-traded private credit fund, tumbled more than 16% Friday after the firm cut its dividend for the first time in seven years.
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Shares of Prospect Capital Corp., a $7.6 billion publicly-traded private credit fund, tumbled more than 16% Friday after the firm cut its dividend for the first time in seven years.
