# Prospect Capital Raises Buyback Authorization to $200 Million By John Kim Canonical URL: https://www.tokenpost.com/news/business/51135 Published: 2026-11-07T22:13:10.000Z Updated: 2026-11-07T22:13:10.000Z Section: Business > The board added $100 million to the program, and the company declared $0.035 monthly distributions through January 2027. Prospect Capital Corporation’s board approved an additional $100 million for its common-stock repurchase program and declared three monthly distributions, while quarterly results showed lower net investment income and net asset value than a year earlier. Approved Nov. 3, the increase brings the program’s total authorization to $200 million. About $165.86 million remained available on that date. The total authorization sets the overall limit for purchases; it is distinct from the amount remaining available. No shares were repurchased under the program during the quarter ended Sept. 30. The program permits purchases below net asset value per share. Prospect declared $0.035 per common share for November 2026, December 2026 and January 2027. The November distribution has a Nov. 25 record date and a Dec. 21 payment date. The December distribution’s record date is Dec. 29, with payment on Jan. 20, 2027. The January distribution has a Jan. 27 record date and a Feb. 17, 2027, payment date. The declarations continue the $0.035 monthly rate used from May through October 2026. For the quarter ended Sept. 30, net investment income was $76.359 million, compared with $79.350 million a year earlier. Net loss applicable to common shareholders was $53.448 million, compared with net income of $48.087 million in the year-earlier quarter. Net asset value was $5.36 per common share at Sept. 30, 2026, versus $6.45 as of Sept. 30, 2025. That per-share value is also the measure referenced in the program’s provision permitting purchases below net asset value. The income and shareholder-result figures cover three-month quarters, while net asset value is measured at quarter-end. Prospect is a business development company focused mainly on lending to and investing in privately held middle-market companies. Its stated investment objective is to generate current income and long-term capital appreciation. The final net investment income figure updates an earlier [preview of the quarterly results](), which included a preliminary estimate of about $76 million. The next scheduled distribution payment is Dec. 21, for shareholders of record Nov. 25. ## Links in this article - [preview of the quarterly results](https://www.tokenpost.com/news/business/48015)