Welcome to our dedicated page for Pennantpark Floating Rate Cap news (Ticker: PFLT), a resource for investors and traders seeking the latest updates and insights on Pennantpark Floating Rate Cap stock.
PennantPark Floating Rate Capital Ltd. reports financial results and distribution updates for a closed-end, externally managed, non-diversified investment company focused on floating-rate loans and other investments in U.S. middle-market companies. Its updates describe net investment income, net asset value, portfolio yields, non-accruals and the mix of first lien secured debt, subordinated debt, preferred stock and common equity.
Recurring news also covers monthly distributions, taxable net investment income, regulated investment company tax treatment, activity in the PSSL and PSSL II joint ventures, and capital-structure transactions such as debt securitizations conducted through consolidated subsidiaries.
PennantPark Floating Rate Capital (NYSE:PFLT) priced an underwritten public offering of $100 million 7.375% notes due 2031. The notes mature June 15, 2031, are callable at par from June 15, 2028, and are expected to list on NYSE under PFLA around June 2026.
The underwriters have a 30-day option for an additional $15 million. Net proceeds are earmarked to repay the revolving credit facility, fund new or existing portfolio investments, and for general corporate or strategic purposes.
PennantPark Floating Rate Capital (NYSE: PFLT) reported results for the quarter ended March 31, 2026. Key figures: investment portfolio $2,580.3M, net assets $1,038.7M, NAV $10.47, net investment income $25.7M ($0.26/share), and distributions declared $0.31/share. The company said it will adjust its dividend policy starting with the July dividend. Debt to equity was 1.61x and weighted average yield on debt investments was 9.8%. Conference call scheduled for May 8, 2026.
PennantPark Floating Rate Capital (NYSE: PFLT) declared a monthly distribution of $0.1025 per share for May 2026, payable June 1, 2026, to holders of record as of May 15, 2026. The distribution is expected to be paid from taxable net investment income.
The company operates as a RIC and says portions of distributions representing interest-related dividends may be exempt from U.S. withholding tax for non-U.S. holders with proper documentation. Final tax characteristics will be reported on Form 1099 and in SEC filings.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) will report second fiscal quarter results for the period ended March 31, 2026 on May 7, 2026 after market close. The company will hold a conference call at 9:00 a.m. ET on May 8, 2026 to discuss results.
Investors may join by dialing toll-free (800) 330-6710 or internationally (646) 769-9200 using conference ID 9559786. A replay and archived webcast will be available on the Quarterly Earnings page. PennantPark Investment Advisers manages approximately $10 billion of investable capital.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) declared a monthly distribution of $0.1025 per share for April 2026, payable May 1, 2026 to stockholders of record on April 15, 2026. The distribution is expected to be paid from taxable net investment income.
The company said final tax characteristics will be reported on Form 1099 and in its SEC periodic report; interest-related dividends and short-term capital gains may be exempt from U.S. withholding tax for eligible non-U.S. stockholders.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) declared a monthly distribution of $0.1025 per share for March 2026, payable April 1, 2026 to stockholders of record as of March 16, 2026.
The distribution is expected to be paid from taxable net investment income; final tax characterization will be reported on Form 1099 and in periodic SEC filings. The company is a RIC investing primarily in U.S. middle-market floating rate loans. PennantPark Investment Advisers manages approximately $10 billion of investable capital.
PennantPark Floating Rate Capital Ltd (NYSE: PFLT) priced an underwritten public offering of $200.0 million aggregate principal amount of 6.75% notes due March 4, 2029. The offering is expected to close on or about March 4, 2026.
The company intends to use net proceeds to repay its revolving credit facility, to invest in new or existing portfolio companies, and for general corporate or strategic purposes. Joint book-runners and co-managers were appointed and the shelf registration statement is effective.
PennantPark Floating Rate Capital (NYSE: PFLT) closed a $356.5 million refinancing of PennantPark CLO VIII, extending final maturity to April 2038 and fully funding replacement debt at closing. Weighted average cost of capital is expected to fall by 114 basis points from SOFR+2.79% to SOFR+1.65%.
PFLT will retain the $69.45 million subordinated notes through a consolidated subsidiary; placement agent was GreensLedge and co-structuring agent was KeyBanc. PennantPark manages ~$3.7 billion in securitization assets and ~$10.0 billion of investable capital.
PennantPark Floating Rate Capital (NYSE: PFLT) reported results for the quarter ended December 31, 2025, with investment portfolio of $2,605.3M and net assets of $1,040.4M (NAV $10.49, quarterly NAV change -3.1%).
Net investment income was $26.6M ($0.27/share); distributions declared were $0.3075/share. Portfolio yield on debt investments was 9.9% and debt/equity was 1.57x. PSSL II commenced operations and invested ~$196.5M and later upsized its credit facility to $250M.
PennantPark Floating Rate Capital (NYSE: PFLT) declared a monthly distribution of $0.1025 per share for February 2026, payable March 2, 2026 to holders of record on February 17, 2026. The Company expects the distribution to be paid from taxable net investment income.
Final tax characteristics will be reported on Form 1099 after year-end; interest-related dividends and short-term capital gains may be exempt from U.S. withholding tax for non-U.S. stockholders with proper documentation. The adviser manages approximately $10 billion of investable capital and the company invests primarily in U.S. middle-market floating-rate senior secured loans.