prospect capital's 10 largest investments
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What are you really buying when you invest in Prospect?TRANSCRIPT
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Prospect Capital Corp’s 10 Largest Investments
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1. Progrexion Holdings
• Progrexion is a leader in helping consumers repair their credit
• The company has been around for 20 years, and partners with Lending Tree, Credit Karma, and credit bureaus Equifax and TransUnion
• Brands include– Lexington Law Firm– Creditrepair.com– eFolks
7.3% of portfolio
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2. First Tower Holdings of Delaware
• Operating as “Tower Loan”, this is one of the largest independent finance companies in the U.S.
• Tower Loan operates more than 180 branch offices and serves more than 200,000 customers
• The company has been in business since 1936
5.5% of portfolio
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3. Harbortouch Holdings of Delaware
• Harbortouch is one of the leading provider of merchant services including– Point-of-sale (POS) systems– Electronic cash registers– Credit card terminals
• Harbortouch handles the merchant accounts for about 110,000 U.S. business and processes more than $9 billion annually
4.6% of portfolio
Wikipedia/ N7912
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4. Instant Web LLC
• Doing business as IWCO Direct, the company is a leader in direct mailing services including – Printing– Assembling– mailing
• In business since 1969
4.5% of portfolio
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5. Broder Bros Co.
• Broder Bros. Company distributes imprintable apparel for use by screenprinters, embroiderers, and other clothing companies
• Partners include– Adidas– Dickies– Fruit of the Loom– Hanes– Izod– New Balance– Russell Athletic
4.3% of portfolio
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6. APH Property Holdings
• Also known as American Property Holdings, APH is a new REIT
• The company represents one of Prospect’s initial real estate investments
• APH invests in apartment and industrial properties, like Abbington Pointe in Georgia (pictured)
3.4% of portfolio
Source: Zillow
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7. Capstone Logistics LLC
• Capstone is a provider of performance workgroup solutions such as– Production support
services– Building and ground
maintenance– Distribution center
services– Much more
• In business for almost 30 years
3.3% of portfolio
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8. United Sporting Companies
• Based in Chapin, SC, United Sporting Companies is a wholesale distributor of firearms, shooting accessories, hunting supplies, and more
• Subsidiaries Ellett Brothers and Jerry’s Sports Center distribute to more than 20,000 retailers in all 50 states
2.7% of portfolio
Public domain
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9. ING IM Collateralized Loan Obligations (CLO)
• These are securities backed by a pool of debts, mainly low-rated corporate loans
• This allows us to receive high returns while diversifying the loan portfolio
2.6% of portfolio
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10. Arctic Glacier U.S.A.
• Arctic Glacier is one of the leading manufactures and distributors of packaged ice found in grocery and convenience stores
• The company has grown tremendously through an aggressive acquisition strategy– Operates 50 distribution
facilities in Canada and the Northeastern U.S.
– More than 1,100 year-round employees
2.5% of portfolio
Source: www.walmart.com (labeled for reuse)
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Is This A Better Investment Than Prospect?