PSEC Quick Update: February 2022

PSEC Update:

• Similar to previous quarters, PSEC reported results without taking into account the preferred dividends and fully diluted shares overinflating headline NII results.

• NAV per share continues to be driven by a handful of equity positions that account for over 40% of the portfolio and 68% of NAV.

• PSEC reported near worst-case taking into account t…