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Author: Hohum777 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1695  
Subject: Re: Nov 2012 musing Date: 11/3/2012 10:34 AM
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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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