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 its monthly distribution of $0.095 per share for October 2022, payable on November 1 to stockholders of record by October 18. This distribution is derived from taxable net investment income. As a regulated investment company, PFLT generates qualified interest income and capital gains that can be exempt from U.S. withholding tax for non-U.S. stockholders. Further tax characteristics will be provided on Form 1099.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced an increase in its multi-currency senior secured credit facility from $300 million to $366 million. This facility replaces the LIBOR benchmark with SOFR benchmark provisions while retaining all other terms. The Chairman expressed satisfaction with this upsizing, which is expected to enhance their ability to support middle-market clients. The Credit Facility is secured by assets from its wholly-owned subsidiary.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced a monthly distribution of $0.095 per share for September 2022, payable on October 3, 2022. Stockholders of record as of September 19, 2022 will receive the payment, primarily sourced from taxable net investment income. As a regulated investment company (RIC), PFLT can distribute interest-related dividends exempt from U.S. withholding tax for non-U.S. stockholders with proper documentation. Further tax characteristics will be provided via Form 1099 after the calendar year.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has initiated a primary offering of 4 million shares at $12.40 each, aiming for gross proceeds of approximately $49.6 million. The offering, slated to close on August 11, 2022, includes a 30-day option for underwriters to purchase an additional 600,000 shares. Proceeds will be utilized for debt reduction, investments in portfolio companies, and general corporate purposes. The offering is managed by major financial institutions including Morgan Stanley and Goldman Sachs.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has initiated an underwritten primary offering of common stock. This offering, backed by a shelf registration statement, includes an option for underwriters to purchase additional shares. The net proceeds will be allocated for reducing existing debt, investing in portfolio companies, and general corporate purposes. Leading financial firms, including Morgan Stanley and Goldman Sachs, are managing the offering. Investors are advised to review the preliminary prospectus for detailed investment risks and charges.
PennantPark Floating Rate Capital Ltd. (PFLT) announced financial results for Q3 ended June 30, 2022. The investment portfolio reached $1.226 billion, with net assets at $504.9 million and a GAAP net asset value per share of $12.21, down 3.2% quarter-over-quarter. Net investment income was $11.8 million, or $0.29 per share, reflecting a year-on-year increase. However, the company reported a $5.1 million net decrease in net assets from operations. PFLT's regulatory net debt to equity ratio stood at 1.45x, highlighting its leverage position against rising interest rates.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced a monthly distribution of $0.095 per share for August 2022, payable on September 1, 2022, to stockholders of record by August 18, 2022. This distribution will be derived from taxable net investment income. As a regulated investment company, PFLT focuses on generating qualified interest income and short-term capital gains, potentially exempt from U.S. withholding tax for non-U.S. stockholders. Detailed tax characteristics will be reported on Form 1099 later this year.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced that it will report third fiscal quarter results ending June 30, 2022, on August 3, 2022, after market close. A conference call will follow on August 4, 2022, at 9:00 a.m. ET to discuss these results. The company focuses on investing in U.S. middle-market private firms through floating rate senior secured loans. Managed by PennantPark Investment Advisers, LLC, the company oversees $6.0 billion in investable capital, aiming to provide flexible financing solutions to borrowers.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced a monthly distribution of $0.095 per share for July 2022, payable on August 1, 2022, to stockholders of record by July 18, 2022. This distribution will be drawn from taxable net investment income. As a regulated investment company, PennantPark generates qualified interest income potentially exempt from U.S. withholding tax for non-U.S. stockholders. The specific tax characteristics of the distribution will be reported on Form 1099 and via the Company’s website.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced a monthly distribution of $0.095 per share for June 2022, payable on July 1, 2022, to stockholders of record as of June 17, 2022. This distribution will be sourced from taxable net investment income. The company, classified as a regulated investment company (RIC), primarily invests in U.S. middle-market private firms through floating rate senior secured loans. Tax characteristics of the distribution will be detailed in a Form 1099 after the year-end.
