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 (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.
The curated collection includes:
- Quarterly financial results and SEC filings
- Strategic partnerships and debt offerings
- Market commentary on floating rate instruments
- Leadership updates and governance changes
Bookmark this page for direct access to verified information from PennantPark Floating Rate Capital Ltd, maintained for clarity and investor relevance. Check regularly for new developments impacting middle-market finance and income-focused investment strategies.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) has announced a monthly distribution of $0.095 per share for March 2021, payable on April 1, 2021. Stockholders recorded as of March 18, 2021 will receive this distribution, which is derived from taxable net investment income. As a regulated investment company, PFLT can distribute interest-related dividends that may be exempt from U.S. withholding tax for non-U.S. stockholders. More tax information will be provided on Form 1099 at year-end and on the company’s website.
PennantPark Floating Rate Capital Ltd. (PFLT) reported its financial results for Q1 of FY 2021, ending December 31, 2020. The company achieved a net asset value per share of $12.70, a 3.2% increase, while adjusted NAV rose 4.3% to $12.32. Net investment income was $10.1 million ($0.26 per share), a decline from $11.1 million in the previous year. The investment portfolio was valued at $1,067.3 million, with 7.5% yield on debt investments. The company declared distributions of $0.285 per share. A conference call is scheduled for February 10, 2021.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced the closure of a $300.7 million collateralized loan obligation (CLO) via its subsidiary, PennantPark Senior Secured Loan Fund I, LLC. This 11-year CLO features a three-year reinvestment period and aims to enhance returns while tapping into low-cost, long-term financing. The proceeds will partially repay a $325 million secured credit facility. The transaction is approximately 95% funded at close, indicating strong investor confidence.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced it will report its first fiscal quarter results for the period ending December 31, 2020, on February 9, 2021, after market close. A conference call is scheduled for February 10 at 10:00 a.m. ET, accessible via toll-free numbers for domestic and international callers. The company primarily invests in floating rate senior secured loans to U.S. middle-market private companies and is managed by PennantPark Investment Advisers, LLC, which oversees approximately $3.5 billion in assets.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for January 2021, payable on February 1, 2021, to stockholders of record by January 19, 2021. This distribution will primarily come from taxable net investment income. As a regulated investment company (RIC), PFLT generates interest income that may be exempt from U.S. withholding tax for non-U.S. investors, provided they submit the necessary documentation. Further tax details will be reported on Form 1099 later in the year.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a $300.7 million debt securitization through its subsidiary, PennantPark Senior Secured Loan Fund I, LLC (PSSL). The CLO features a three-year reinvestment period and matures in January 2032. Proceeds will partially repay PSSL's $325 million secured credit facility, with 95% expected funding at close. The structured debt includes various classes rated between AAA and BB-. PSSL retains Class E and Subordinated Notes.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for December 2020, payable on January 4, 2021, to shareholders of record by December 17, 2020. This distribution will be sourced from taxable net investment income. The company operates as a regulated investment company (RIC), allowing certain distributions to be exempt from U.S. withholding tax for non-U.S. shareholders with proper documentation. PennantPark primarily invests in U.S. middle-market companies through floating rate loans and has about $3.5 billion in assets under management.
PennantPark Floating Rate Capital Ltd. (PFLT) reported its financial results for Q4 and fiscal year ending September 30, 2020. Key highlights include:
- Investment portfolio total: $1,086.9 million.
- Net investment income for Q4: $10.3 million, or $0.27 per share.
- GAAP net asset value per share: $12.31, a 1.2% increase.
- Weighted average yield on debt investments: 7.3%.
- Distributions declared per share: $0.285.
The company anticipates portfolio strength and growth due to solid performance and optimization of financing.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) has announced a monthly distribution of $0.095 per share for November 2020, payable on December 1, 2020, to stockholders of record by November 17, 2020. The distribution will come from taxable net investment income and specific tax characteristics will be reported on Form 1099. As a regulated investment company, PFLT generates income that may be exempt from U.S. withholding tax for non-U.S. stockholders. PennantPark focuses on investments in U.S. middle-market private companies, primarily through floating rate senior secured loans.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced it will release its fiscal Q4 results for the period ended September 30, 2020, on November 18, 2020, after market close. A conference call to discuss the results will occur on November 19, 2020, at 10:00 a.m. ET. Interested parties can join by calling toll-free (888) 394-8218. PennantPark focuses on investments in middle-market private companies primarily through floating rate senior secured loans, with approximately $3.6 billion in assets under management.
