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PennantPark Floating Rate Capital Ltd (NYSE: PFLT) provides investors with floating rate loan solutions for U.S. middle-market companies. This news hub delivers timely updates on corporate developments, financial performance, and strategic initiatives critical to understanding the company's market position.
Access official press releases, earnings announcements, and expert analyses in one centralized location. Track updates on portfolio investments, risk management practices, and dividend-related news essential for evaluating PFLT's income-focused strategy.
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- Market commentary on floating rate instruments
- Leadership updates and governance changes
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PennantPark Floating Rate Capital Ltd. (PFLT) announced a monthly distribution of $0.095 per share for August 2021, payable on September 1, 2021. Stockholders on record by August 18, 2021 will receive this payment, originating from taxable net investment income. As a regulated investment company, PFLT provides certain tax benefits to non-U.S. stockholders. The specific tax characteristics will be disclosed on Form 1099 and on PFLT's website. The company primarily invests in U.S. middle-market companies through secured loans and equity investments.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for July 2021, payable on August 2, 2021. Stockholders of record as of July 19, 2021 will receive this distribution, which is sourced from taxable net investment income. The company operates as a regulated investment company, providing interest income that may be exempt from U.S. withholding tax for non-U.S. stockholders. The tax characteristics of the distribution will be reported on Form 1099 later this year.
PennantPark Floating Rate Capital Ltd. (PFLT) will report its third fiscal quarter results on August 4, 2021, after market close. A conference call is scheduled for August 5, 2021, at 9:00 a.m. ET to discuss these results. Interested parties can join by calling toll-free or through the provided international numbers. PennantPark focuses on investments in U.S. middle-market companies primarily through floating rate senior secured loans. The company is managed by PennantPark Investment Advisers, LLC, which oversees $4.7 billion in investable capital.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) has appointed Richard Cheung as Chief Financial Officer and Treasurer, effective June 21, 2021. Cheung brings over a decade of experience from Guggenheim Partners and previously worked at Ernst & Young. CEO Arthur Penn expressed confidence in Cheung's ability to add value to the company and its shareholders. Aviv Efrat, the former CFO, will transition to focus on strategic growth initiatives within the organization. PennantPark Floating Rate Capital primarily invests in floating rate senior secured loans for U.S. middle-market companies.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for June 2021, payable on July 1, 2021, to stockholders on record as of June 17, 2021. This distribution will stem from taxable net investment income. The company operates as a regulated investment company, generating qualified interest income that may be exempt from U.S. withholding tax for non-U.S. stockholders. Comprehensive details about tax characteristics will be provided to stakeholders via Form 1099 after the calendar year.
PennantPark Floating Rate Capital Ltd. (PFLT) reported its second fiscal quarter results for the period ending March 31, 2021. The company’s investment portfolio totaled $1,069.1 million, with net assets of $493.0 million. The GAAP net asset value per share increased by 0.1% to $12.71, while the adjusted net asset value per share rose by 2.3% to $12.60. Net investment income stood at $9.9 million, or $0.26 per share. The company declared distributions of $0.285 per share for the quarter. Overall, PFLT saw improvements in portfolio performance with net unrealized appreciation of $4.7 million.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for May 2021, payable on June 1, 2021, to stockholders recorded by May 17, 2021. Payments will be sourced from taxable net investment income, with tax characteristics disclosed on Form 1099 at year-end. As a regulated investment company, distributions may be exempt from U.S. withholding tax for non-U.S. stockholders. PennantPark primarily invests in U.S. middle-market private companies through floating rate loans and occasionally equity investments.
PennantPark Floating Rate Capital Ltd. (PFLT) will report its financial results for the second fiscal quarter ending March 31, 2021, on May 5, 2021, post-market close. A conference call is scheduled for May 6, 2021, at 9:00 a.m. ET for discussion of these results. PennantPark Floating Rate Capital focuses on investing in U.S. middle-market private companies through floating rate senior secured loans. Managed by PennantPark Investment Advisers, LLC, which oversees $4.3 billion in capital, the company emphasizes flexible financing solutions for its borrowers.
PennantPark Floating Rate Capital Ltd. (PFLT) has announced a monthly distribution of $0.095 per share for April 2021, payable on May 3, 2021. Stockholders of record by April 15, 2021 will receive this payment from taxable net investment income. As a regulated investment company (RIC), PFLT's distributions may be exempt from U.S. withholding tax for non-U.S. stockholders with proper documentation. The company primarily invests in U.S. middle-market private companies through floating rate senior secured loans.
PennantPark Floating Rate Capital Ltd. has announced a public offering of $100 million in 4.25% unsecured notes due 2026, set to close on March 23, 2021. The notes mature on April 1, 2026, and can be redeemed at par plus a make-whole premium before maturity. Proceeds from the offering will be used to reduce credit facility obligations, invest in portfolio companies, or for general corporate purposes. Goldman Sachs, Keefe Bruyette & Woods, and Truist Securities are managing the offering. Investors should review risk information in the filed documents before investing.
