|By Marketwired .||
|June 25, 2014 07:00 AM EDT||
NEW YORK, NY -- (Marketwired) -- 06/25/14 -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") today announced that all putative securities class action complaints against Prospect, John F. Barry III and Brian H. Oswald relating to Prospect's historical accounting have been voluntarily dismissed.
On May 6, 2014, Prospect announced that (i) Prospect disagreed with the initial position of the Securities and Exchange Commission ("SEC") Investment Management staff that Prospect's historical non-consolidation of certain wholly-owned holding companies required a restatement of Prospect's prior period financial statements, and (ii) Prospect intended to appeal through the SEC's Office of the Chief Accountant. In May 2014, three putative securities class action complaints were filed based on the SEC staff's initial position that a restatement would be required. On June 10, 2014, Prospect announced that Prospect's historical financial statements would not need to be restated for holding company consolidation. Following that announcement, all three putative class plaintiffs voluntarily dismissed their lawsuits without prejudice.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com) is a business development company that focuses on lending to and investing in private businesses. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
We have elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). We are required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to us could have an adverse effect on us and our shareholders.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
Oct. 21, 2016 07:30 AM EDT Reads: 1,998
Oct. 21, 2016 07:15 AM EDT Reads: 1,263
Oct. 21, 2016 07:15 AM EDT Reads: 859
Oct. 21, 2016 07:00 AM EDT Reads: 4,363
Oct. 21, 2016 06:45 AM EDT Reads: 1,776
Oct. 21, 2016 06:15 AM EDT Reads: 459
Oct. 21, 2016 06:15 AM EDT Reads: 4,614
Oct. 21, 2016 05:45 AM EDT Reads: 5,036
Oct. 21, 2016 05:00 AM EDT Reads: 3,909
Oct. 21, 2016 04:30 AM EDT Reads: 3,067
Oct. 21, 2016 04:30 AM EDT Reads: 16,196
Oct. 21, 2016 04:15 AM EDT Reads: 1,709
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Oct. 21, 2016 04:00 AM EDT Reads: 10,929
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Oct. 21, 2016 03:30 AM EDT Reads: 3,747
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Oct. 21, 2016 03:15 AM EDT Reads: 3,838