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 reported financial results for Q2 2024, with net assets of $720.7 million and a net asset value per share of $11.40, a 1.8% increase. The company's investment portfolio totaled $1,477.9 million, with a weighted average yield on debt investments of 12.3%. Net investment income per share was $0.31. The company declared distributions of $0.31 per share. PSSL investment portfolio stood at $869.7 million with a weighted average yield on debt investments of 12.0%. For Q2 2024, investment income was $44.4 million, expenses were $25.3 million, and net investment income was $19.1 million. Net change in net assets from operations was $31.1 million.
PennantPark Floating Rate Capital (NYSE: PFLT) announces a monthly distribution of $0.1025 per share for May 2024, payable on June 3, 2024. The distribution is expected to be paid from taxable net investment income. The Company operates as a regulated investment company and may offer tax benefits to non-U.S. stockholders. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the calendar year. PennantPark Floating Rate Capital primarily invests in U.S. middle-market private companies through various debt instruments and is managed by PennantPark Investment Advisers,
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