Prospect Capital CEO: Spinoffs, Deals Will Speed 2015 Turnaround

A business restructuring and a healthy book of loans will cause Prospect Capital's stock to rebound in 2015, said the company's President Grier Eliasek. Eliasek added that tax-loss selling and exclusion from the S&P Index has pressured the shares of business development companies across the board. He said he expects consumer credit focused investments to fare the best in the coming year, yet he is cautious about energy due to the collapse in the price of oil. Eliasek said Prospect is undergoing a restructuring to potentially unlock value via a trio of spinoffs. Finally, he said the company’s dividend offers investors a margin of safety now that it has been right-sized.