No. of Recommendations: 0
PSEC, repeated Note issuances, more Revolver capacity, and now this.

With all this capital being added, maybe they're getting ready to use it?

The Notes didn't bother me too much. Yes, its debt, but it isn't share dilution. The share
volume yesterday suggest the offering was priced below $11. Probably still above book value,
but not by much. PSEC has done a decent job announcing "a quarter plus a little more" as far as
monthly dividends go. It might be worth monitoring whether that drops off.
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