Prospect Capital Corporation (NASDAQ:PSEC) is a high yielding BDC investment trading at a steep discount. While several factors prop this company up as a potentially strong BDC play, I've decided to sell due to its long history of performance decline not conducive to my income portfolio. PSEC is a Business Development Company (BDC) that primarily invests in senior loans and mezzanine debt, often with an equity component. They provide capital to middle-market companies and private equity sponsors for various purposes like refinancing, leveraged buyouts, acquisitions, recapitalizations, growth investments, and capital expenditures.