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. (NYSE: PFLT) announced a monthly distribution of $0.10 per share for April 2023, payable on May 1, 2023, to stockholders of record by April 18, 2023. The distribution will be sourced from taxable net investment income. The Company, acting as a regulated investment company (RIC), primarily invests in U.S. middle-market private companies through floating rate senior secured loans. Furthermore, it offers tax benefits for non-U.S. stockholders under U.S. tax law for specific types of distributions. Detailed tax characteristics of the distribution will be shared in future reports.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) reported its financial results for the first fiscal quarter ending December 31, 2022, showing net investment income of $13.7 million or $0.30 per share. The GAAP net asset value per share decreased by 2.7% to $11.30, while the adjusted net asset value fell by 3.2% to $11.22. The company's investment portfolio was valued at $1,151.1 million, with a weighted average yield on debt investments of 11.3%. A distribution increase of 5.3% to $0.10 per share was announced. The board's focus remains on senior secured floating-rate loans to mitigate risks from rising interest rates and inflation.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced a monthly distribution of $0.095 per share for February 2023, payable on March 1, 2023, to stockholders on record as of February 16, 2023. This distribution will primarily come from taxable net investment income and may be exempt from U.S. withholding tax for non-U.S. stockholders. The company operates as a regulated investment company that invests in U.S. middle-market private companies via floating-rate loans and may also engage in equity investments. Additional tax details will be provided on Form 1099.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced an underwritten primary offering of 4,250,000 shares of common stock, with an additional option for underwriters to purchase 637,500 shares. The offering will utilize its effective shelf registration statement with the SEC. The proceeds are earmarked for reducing existing debt, investing in new or existing portfolio companies, and general corporate purposes. Major financial institutions including Morgan Stanley and Goldman Sachs are acting as joint book-running managers. Investors should review the preliminary prospectus supplement before investing.
PennantPark Floating Rate Capital Ltd. (PFLT) is set to report its fiscal Q1 2023 results on February 8, 2023, after market close. A conference call to discuss these results will take place on February 9, 2023, at 9:00 a.m. ET. Interested participants can join by calling toll-free at (888) 394-8218. The company focuses on investing in U.S. middle-market private companies through floating rate senior secured loans and may also make equity investments. PennantPark Investment Advisers, managing $6.4 billion in capital, oversees the firm's operations.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced a monthly distribution of $0.095 per share for January 2023, payable on February 1, 2023, to stockholders of record as of January 19, 2023. This distribution is expected to come from taxable net investment income. As a regulated investment company, PFLT generates interest income and short-term capital gains, which may be exempt from U.S. withholding tax for non-U.S. stockholders under certain conditions. Detailed tax characteristics will be reported in the Company's periodic filings.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced a monthly distribution of $0.095 per share for December 2022, payable on January 3, 2023, to stockholders on record by December 19, 2022. This distribution will be sourced from taxable net investment income. As a regulated investment company (RIC), distributions may qualify as interest-related dividends, exempt from U.S. withholding tax for non-U.S. stockholders with appropriate documentation. Further tax characteristics will be reported post-year-end.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) reported its financial results for Q4 and FY 2022, ending September 30. Investment income rose to $28.8 million, up from $21.6 million in Q4 2021, reflecting growing LIBOR and SOFR rates. However, the company saw a net change in unrealized depreciation of $(20.9) million, leading to a net decrease in net assets of $(13.1) million for Q4. Adjusted net asset value per share fell 3.6% to $11.59. The company declared a quarterly distribution of $0.285 per share. A conference call is scheduled for November 17, 2022.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced a monthly distribution of $0.095 per share for November 2022, payable on December 1, 2022. Stockholders of record as of November 17, 2022 will receive this distribution, which will primarily derive from taxable net investment income. As a regulated investment company, PFLT generates qualified interest income that may be exempt from U.S. withholding tax for non-U.S. stockholders. Full tax details will be provided on Form 1099 after year-end.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) will announce its fourth fiscal quarter results for the period ending September 30, 2022, on November 16, 2022, after market close.
A conference call to discuss these results will take place on November 17, 2022, at 9:00 a.m. (ET). Interested participants can join by calling (888) 394-8218 for domestic or (646) 828-8193 for international, referencing conference ID #7682895.
