PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended June 30, 2024
PennantPark Floating Rate Capital (PFLT) reported its Q3 2024 financial results for the period ending June 30, 2024. The company's investment portfolio reached $1,658.9 million, with net assets at $816.7 million and a GAAP net asset value per share of $11.34. Net investment income was $21.2 million or $0.31 per share. PFLT declared a distribution of $0.31 per share.
Investment income for the quarter was $48.5 million. The portfolio saw purchases of investments totaling $320.9 million and sales and repayments of $137.6 million. The PSSL portfolio was valued at $904.2 million. Net realized gains were $(0.4) million, while net change in unrealized appreciation (depreciation) was $(4.0) million.
Total expenses for the quarter were $27.3 million, up from $19.2 million in the same period last year, primarily due to higher interest expenses and management fees. PFLT's portfolio had three companies on non-accrual, representing 1.5% and 1.1% of the portfolio on a cost and fair value basis, respectively.
PennantPark Floating Rate Capital (PFLT) ha riportato i risultati finanziari per il terzo trimestre del 2024, relativo al periodo terminato il 30 giugno 2024. Il portafoglio di investimenti della società ha raggiunto i 1.658,9 milioni di dollari, con attività nette pari a 816,7 milioni di dollari e un valore netto delle attività GAAP per azione di 11,34 dollari. Il reddito da investimenti netto è stato di 21,2 milioni di dollari, ovvero 0,31 dollari per azione. PFLT ha dichiarato una distribuzione di 0,31 dollari per azione.
Il reddito da investimenti per il trimestre è stato di 48,5 milioni di dollari. Il portafoglio ha visto acquisti di investimenti per un totale di 320,9 milioni di dollari e vendite e rimborsi per 137,6 milioni di dollari. Il portafoglio PSSL è stato valutato 904,2 milioni di dollari. I guadagni netti realizzati sono stati di (0,4) milioni di dollari, mentre la variazione netta nella rivalutazione non realizzata (deprezzamento) è stata di (4,0) milioni di dollari.
Le spese totali per il trimestre sono state di 27,3 milioni di dollari, in aumento rispetto ai 19,2 milioni di dollari nello stesso periodo dell'anno scorso, principalmente a causa di spese per interessi più elevate e commissioni di gestione. Il portafoglio di PFLT ha avuto tre aziende in non accrual, rappresentando l'1,5% e l'1,1% del portafoglio basato sul costo e sul valore equo, rispettivamente.
PennantPark Floating Rate Capital (PFLT) informó sus resultados financieros del tercer trimestre de 2024 correspondientes al período que finalizó el 30 de junio de 2024. El portafolio de inversiones de la empresa alcanzó los 1,658.9 millones de dólares, con activos netos de 816.7 millones de dólares y un valor neto de activos GAAP por acción de 11.34 dólares. El ingreso neto de inversiones fue de 21.2 millones de dólares, es decir, 0.31 dólares por acción. PFLT declaró una distribución de 0.31 dólares por acción.
Los ingresos de inversiones para el trimestre fueron de 48.5 millones de dólares. El portafolio vio compras de inversiones por un total de 320.9 millones de dólares y ventas y reembolsos por 137.6 millones de dólares. El portafolio PSSL fue valorado en 904.2 millones de dólares. Las ganancias netas realizadas fueron de (0.4) millones de dólares, mientras que el cambio neto en la apreciación no realizada (depreciación) fue de (4.0) millones de dólares.
Los gastos totales para el trimestre fueron de 27.3 millones de dólares, un aumento respecto a los 19.2 millones de dólares en el mismo período del año anterior, principalmente debido a mayores gastos de intereses y comisiones de gestión. El portafolio de PFLT tuvo tres empresas en no acumulación, representando el 1.5% y el 1.1% del portafolio en base a costo y valor justo, respectivamente.
PennantPark Floating Rate Capital (PFLT)는 2024년 6월 30일로 종료된 기간에 대한 2024년 3분기 재무 결과를 보고했습니다. 회사의 투자 포트폴리오는 16억 5,890만 달러에 도달했으며, 순자산은 8억 1,670만 달러, 주당 GAAP 순자산 가치는 11.34 달러입니다. 순 투자 수익은 2,120만 달러 또는 주당 0.31 달러였습니다. PFLT는 주당 0.31 달러의 배당금을 선언했습니다.
분기 동안의 투자 수익은 4,850만 달러였습니다. 포트폴리오는 총 3억 2,090만 달러의 투자 구매와 1억 3,760만 달러의 판매 및 상환을 보았습니다. PSSL 포트폴리오는 9억 4,200만 달러로 평가되었습니다. 실현된 순 이익은 (40만 달러)였으며, 순 미실현 평가 변화(감액)는 (400만 달러)였습니다.
분기 총 비용은 2,730만 달러로, 지난해 같은 기간의 1,920만 달러에서 증가하였으며, 주로 높은 이자 비용과 관리 수수료에 기인합니다. PFLT의 포트폴리오에는 비적립 상태인 세 개 회사지가 있으며, 이는 각각 원가 및 공정 가치 기준으로 포트폴리오의 1.5% 및 1.1%를 차지합니다.
PennantPark Floating Rate Capital (PFLT) a publié ses résultats financiers pour le troisième trimestre de 2024 pour la période se terminant le 30 juin 2024. Le portefeuille d'investissements de l'entreprise a atteint 1 658,9 millions de dollars, avec des actifs nets de 816,7 millions de dollars et une valeur nette des actifs GAAP par action de 11,34 dollars. Le revenu net des investissements était de 21,2 millions de dollars, soit 0,31 dollar par action. PFLT a déclaré une distribution de 0,31 dollar par action.
Le revenu d'investissement pour le trimestre était de 48,5 millions de dollars. Le portefeuille a enregistré des achats d'investissements totalisant 320,9 millions de dollars et des ventes et remboursements de 137,6 millions de dollars. Le portefeuille PSSL a été évalué à 904,2 millions de dollars. Les gains réalisés nets étaient de (0,4) million de dollars, tandis que le changement net de l'appréciation non réalisée (dépréciation) était de (4,0) millions de dollars.
Les dépenses totales pour le trimestre s'élevaient à 27,3 millions de dollars, en hausse par rapport à 19,2 millions de dollars au cours de la même période l'année précédente, principalement en raison de frais d'intérêt plus élevés et de frais de gestion. Le portefeuille PFLT comptait trois entreprises en non-acquisition, représentant respectivement 1,5 % et 1,1 % du portefeuille sur la base du coût et de la valeur juste.
PennantPark Floating Rate Capital (PFLT) hat seine Finanzzahlen für das 3. Quartal 2024 veröffentlicht, die den Zeitraum bis zum 30. Juni 2024 abdecken. Das Investmentportfolio des Unternehmens erreichte 1.658,9 Millionen US-Dollar, mit Nettovermögen von 816,7 Millionen US-Dollar und einem GAAP-Nettovermögen pro Aktie von 11,34 US-Dollar. Das Nettoinvestitionseinkommen betrug 21,2 Millionen US-Dollar oder 0,31 US-Dollar pro Aktie. PFLT gab eine Ausschüttung von 0,31 US-Dollar pro Aktie bekannt.
Das Investitionseinkommen für das Quartal betrug 48,5 Millionen US-Dollar. Das Portfolio verzeichnete Käufe von Investitionen in Höhe von insgesamt 320,9 Millionen US-Dollar sowie Verkäufe und Rückzahlungen von 137,6 Millionen US-Dollar. Das PSSL-Portfolio wurde mit 904,2 Millionen US-Dollar bewertet. Die realisierten Nettoerträge betrugen (0,4) Millionen US-Dollar, während die Nettoänderung des nicht realisierten Wertzuwachses (Wertminderung) (4,0) Millionen US-Dollar betrug.
Die Gesamtausgaben für das Quartal betrugen 27,3 Millionen US-Dollar, was einem Anstieg von 19,2 Millionen US-Dollar im gleichen Zeitraum des Vorjahres entspricht, hauptsächlich aufgrund höherer Zinsaufwendungen und Verwaltungskosten. Das Portfolio von PFLT hatte drei Unternehmen, die nicht aufgelaufen sind, was 1,5 % bzw. 1,1 % des Portfolios auf Kosten- und Fairness-Basis entspricht.
- Net investment income of $21.2 million or $0.31 per share.
- Investment portfolio value increased to $1,658.9 million from $1,067.2 million.
- Total investment income rose to $48.5 million from $37.7 million.
- Net assets grew to $816.7 million, with GAAP NAV per share of $11.34.
- Net realized losses of $(0.4) million for the quarter.
- Net change in unrealized appreciation (depreciation) was $(4.0) million.
- Total expenses increased to $27.3 million from $19.2 million.
- Three portfolio companies remained on non-accrual, affecting 1.1% of portfolio value.
PennantPark Floating Rate Capital's Q3 2024 results show solid performance amid a challenging market. Key highlights:
- Net investment income increased to
$21.2 million ($0.31 per share) from$18.5 million in Q3 2023. - Investment portfolio grew to
$1.66 billion , up55.4% year-over-year. - Weighted average yield on debt investments remained strong at
12.1% .
The company's focus on first lien secured debt (
PennantPark's Q3 results reflect a strategic positioning in the current market environment:
- Increased investment activity:
$320.9 million invested in Q3, focusing on high-quality middle market loans. - Diversification: Portfolio now spans 151 companies, reducing single-name risk.
- Yield optimization:
12.1% weighted average yield on debt investments indicates selective, high-return deployments.
The company's proactive approach to growing investment capacity positions it well for increased income. However, investors should note the slight uptick in non-accruals to
From a risk perspective, PennantPark's Q3 results present a mixed picture:
- Positives: 100% variable-rate debt portfolio provides a hedge against rising rates. Strong liquidity with
$84.6 million in cash and$392.1 million in unused credit facility capacity. - Concerns: Increased leverage (1.11x regulatory debt to equity) and growth in non-accruals to
1.5% of portfolio at cost.
The refinancing of the 2031 Asset-Backed Debt post-quarter-end to
MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the third quarter ended June 30, 2024.
| HIGHLIGHTS Quarter ended June 30, 2024 (Unaudited) ($ in millions, except per share amounts) | ||||||
| Assets and Liabilities: | ||||||
| Investment portfolio (1) | $ | 1,658.9 | ||||
| Net assets | $ | 816.7 | ||||
| GAAP net asset value per share | $ | 11.34 | ||||
| Quarterly increase in GAAP net asset value per share | (0.5 | )% | ||||
| Adjusted net asset value per share (2) | $ | 11.34 | ||||
| Quarterly increase in adjusted net asset value per share (2) | (0.5 | )% | ||||
| Credit Facility | $ | 218.9 | ||||
| 2036 Asset-Backed Debt | $ | 284.0 | ||||
| 2031 Asset-Backed Debt | $ | 209.9 | ||||
| 2026 Notes | $ | 183.6 | ||||
| Regulatory debt to equity | 1.11x | |||||
| Weighted average yield on debt investments at quarter-end | 12.1 | % | ||||
| Operating Results: | ||||||
| Net investment income | $ | 21.2 | ||||
| Net investment income per share (GAAP) | $ | 0.31 | ||||
| Core net investment income per share (3) | $ | 0.31 | ||||
| Distributions declared per share | $ | 0.31 | ||||
| Portfolio Activity: | ||||||
| Purchases of investments | $ | 320.9 | ||||
| Sales and repayments of investments | $ | 137.6 | ||||
| PSSL Portfolio data: | ||||||
| PSSL investment portfolio | $ | 904.2 | ||||
| Purchases of investments | $ | 84.5 | ||||
| Sales and repayments of investments | $ | 47.0 | ||||
_______________________
| (1) | Includes investments in PennantPark Senior Secured Loan Fund I LLC, or PSSL, an unconsolidated joint venture, totaling |
| (2) | This is a non-GAAP financial measure. The Company believes that this number provides useful information to investors and management because it reflects the Company’s financial performance excluding the impact of the unrealized amounts on the Company's multi-currency senior secured revolving credit facility with Truist Bank and the other lenders (the "Credit Facility"). The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. |
| (3) | Core net investment income (“Core NII”) is a non-GAAP financial measure. The Company believes that Core NII provides useful information to investors and management because it reflects the Company's financial performance excluding one-time or non-recurring investment income and expenses. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. For the quarter ended June 30 2024, there were no one-time events resulting in |
CONFERENCE CALL AT 9:00 A.M. ET ON AUGUST 8, 2024
The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Thursday August 8, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 204-4368 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193 All callers should reference conference ID #5158165 or PennantPark Floating Rate Capital Ltd. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.
PORTFOLIO AND INVESTMENT ACTIVITY
“We are pleased to have another quarter of solid performance. We are actively investing in this strong vintage of new core middle market loans,” said Art Penn, Chairman and CEO. “We have been proactively growing PFLT's investment capacity in order to best position the company for meaningfully increased income.”
As of June 30, 2024, our portfolio totaled
As of September 30, 2023, our portfolio totaled
For the three months ended June 30, 2024, we invested
PennantPark Senior Secured Loan Fund I LLC
As of June 30, 2024, PSSL’s portfolio totaled
For the three months ended June 30, 2024, PSSL invested
RESULTS OF OPERATIONS
Set forth below are the results of operations for the three and nine months ended June 30, 2024 and 2023.
Investment Income
For the three and nine months ended June 30, 2024, investment income was
Expenses
For the three and nine months ended June 30, 2024, expenses totaled
Net Investment Income
For the three and nine months ended June 30, 2024, net investment income totaled
Net Realized Gains or Losses
For the three and nine months ended June 30, 2024, net realized gains (losses) totaled
Unrealized Appreciation or Depreciation on Investments and Debt
For the three and nine months ended June 30, 2024, we reported net change in unrealized appreciation (depreciation) on investments of
For the three and nine months ended June 30, 2024, our Credit Facility had a net change in unrealized appreciation (depreciation) of less than
Net Change in Net Assets Resulting from Operations
For the three and nine months ended June 30, 2024, net increase (decrease) in net assets resulting from operations totaled
LIQUIDITY AND CAPITAL RESOURCES
Our liquidity and capital resources are derived primarily from cash flows from operations, including income earned, proceeds from investment sales and repayments, and proceeds of securities offerings and debt financings. Our primary use of funds from operations includes investments in portfolio companies and payments of fees and other operating expenses we incur. We have used, and expect to continue to use, our debt capital, proceeds from our portfolio and proceeds from public and private offerings of securities to finance our investment objectives and operations.
As of June 30, 2024 and September 30, 2023, we had
As of June 30, 2024 and September 30, 2023, we had cash equivalents of
For the nine months ended June 30, 2024, our operating activities used cash of
For the nine months ended June 30, 2023, our operating activities provided cash of
DISTRIBUTIONS
During the three and nine months ended June 30, 2024, we declared distributions of
RECENT DEVELOPMENTS
On July 25, 2024, we completed the refinancing of the 2031 Asset-Backed Debt from a
For the period subsequent to June 30, 2024 through August 2, 2024, we invested
AVAILABLE INFORMATION
The Company makes available on its website its Quarterly Report on Form 10-Q filed with the SEC, and stockholders may find such report on its website at www.pennantpark.com.
| PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (in thousands, except per share data) (Unaudited) | ||||||||
| June 30, 2024 (Unaudited) | September 30, 2023 | |||||||
| Assets | ||||||||
| Investments at fair value | ||||||||
| Non-controlled, non-affiliated investments (amortized cost— | $ | 1,314,452 | $ | 772,178 | ||||
| Controlled, affiliated investments (amortized cost— | 344,492 | 294,996 | ||||||
| Total investments (amortized cost— | 1,658,944 | 1,067,174 | ||||||
| Cash and cash equivalents (cost— | 84,590 | 100,555 | ||||||
| Interest receivable | 12,510 | 10,423 | ||||||
| Distributions receivable | 635 | 565 | ||||||
| Due from affiliate | 65 | — | ||||||
| Prepaid expenses and other assets | 152 | 894 | ||||||
| Total assets | 1,756,896 | 1,179,611 | ||||||
| Liabilities | ||||||||
| Credit Facility payable, at fair value (cost— | 218,862 | 9,400 | ||||||
| 2036 Asset-Backed Debt, net (par— | 283,951 | — | ||||||
| 2031 Asset-Backed Debt, net (par— | 209,931 | 226,759 | ||||||
| 2026 Notes payable, net (par— | 183,637 | 183,054 | ||||||
| Interest payable on debt | 15,119 | 8,615 | ||||||
| Distributions payable | 7,380 | 6,020 | ||||||
| Payable for investments purchased | 9,201 | 4,905 | ||||||
| Incentive fee payable | 5,307 | 4,628 | ||||||
| Base management fee payable | 3,908 | 2,759 | ||||||
| Deferred tax liability | 1,564 | 1,794 | ||||||
| Accounts payable and accrued expenses | 1,310 | 1,287 | ||||||
| Due to affiliates | — | 566 | ||||||
| 2023 Notes payable, at fair value (par— | — | 76,219 | ||||||
| Total liabilities | 940,170 | 526,006 | ||||||
| Net assets | ||||||||
| Common stock, 71,998,138 and 58,734,702 shares issued and outstanding, respectively Par value | 72 | 59 | ||||||
| Paid-in capital in excess of par value | 915,684 | 765,187 | ||||||
| Accumulated deficit | (99,030 | ) | (111,641 | ) | ||||
| Total net assets | $ | 816,726 | $ | 653,605 | ||||
| Total liabilities and net assets | $ | 1,756,896 | $ | 1,179,611 | ||||
| Net asset value per share | $ | 11.34 | $ | 11.13 | ||||
| PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (Unaudited) | ||||||||||||||||
| Three Months Ended June 30, | Nine Months Ended June 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Investment income: | ||||||||||||||||
| From non-controlled, non-affiliated investments: | ||||||||||||||||
| Interest | $ | 34,456 | $ | 21,988 | $ | 88,693 | $ | 65,440 | ||||||||
| Dividend | 768 | 4,390 | 1,853 | 5,602 | ||||||||||||
| Other income | 591 | 734 | 3,622 | 1,460 | ||||||||||||
| From controlled, affiliated investments: | ||||||||||||||||
| Interest | 8,841 | 8,151 | 25,595 | 22,701 | ||||||||||||
| Dividend | 3,719 | 2,450 | 10,938 | 8,400 | ||||||||||||
| Other income | 130 | — | 130 | — | ||||||||||||
| Total investment income | 48,505 | 37,713 | 130,831 | 103,603 | ||||||||||||
| Expenses: | ||||||||||||||||
| Interest and expenses on debt | 16,293 | 9,985 | 39,923 | 29,595 | ||||||||||||
| Performance-based incentive fee | 5,307 | 4,625 | 14,937 | 12,245 | ||||||||||||
| Base management fee | 3,908 | 2,840 | 10,283 | 8,643 | ||||||||||||
| General and administrative expenses | 1,050 | 1,134 | 3,293 | 2,545 | ||||||||||||
| Administrative services expenses | 450 | 477 | 1,661 | 764 | ||||||||||||
| Expenses before provision for taxes and financing costs | 27,008 | 19,061 | 70,097 | 53,792 | ||||||||||||
| Provision for taxes on net investment income | 193 | 150 | 894 | 834 | ||||||||||||
| Credit Facility amendment costs | 94 | — | 94 | — | ||||||||||||
| Total expenses | 27,295 | 19,211 | 71,085 | 54,626 | ||||||||||||
| Net investment income | 21,210 | 18,502 | 59,746 | 48,977 | ||||||||||||
| Realized and unrealized gain (loss) on investments and debt: | ||||||||||||||||
| Net realized gain (loss) on: | ||||||||||||||||
| Non-controlled, non-affiliated investments | (353 | ) | (6,065 | ) | 568 | (13,520 | ) | |||||||||
| Non-controlled and controlled, affiliated investments | — | — | — | — | ||||||||||||
| Provision for taxes on realized gain on investments | — | — | — | (300 | ) | |||||||||||
| Net realized gain (loss) on investments | (353 | ) | (6,065 | ) | 568 | (13,820 | ) | |||||||||
| Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||
| Non-controlled, non-affiliated investments | (1,064 | ) | 3,051 | 7,443 | (12,204 | ) | ||||||||||
| Controlled and non-controlled, affiliated investments | (2,889 | ) | (4,143 | ) | 2,519 | (9,825 | ) | |||||||||
| Provision for taxes on unrealized appreciation (depreciation) on investments | — | — | 230 | 2,929 | ||||||||||||
| Debt (appreciation) depreciation | 16 | (5,752 | ) | (7 | ) | (4,842 | ) | |||||||||
| Net change in unrealized appreciation (depreciation) on investments and debt | (3,937 | ) | (6,844 | ) | 10,185 | (23,942 | ) | |||||||||
| Net realized and unrealized gain (loss) from investments and debt | (4,290 | ) | (12,909 | ) | 10,753 | (37,762 | ) | |||||||||
| Net increase (decrease) in net assets resulting from operations | $ | 16,920 | $ | 5,593 | $ | 70,499 | $ | 11,215 | ||||||||
| Net increase (decrease) in net assets resulting from operations per common share | $ | 0.25 | $ | 0.11 | $ | 1.12 | $ | 0.23 | ||||||||
| Net investment income per common share | $ | 0.31 | $ | 0.36 | $ | 0.95 | $ | 1.02 | ||||||||
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC
PennantPark Investment Advisers, LLC is a leading middle-market credit platform, managing
FORWARD-LOOKING STATEMENTS AND OTHER
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports we file under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results, and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.
We may use words such as “anticipates,” “believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations.
The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
| CONTACT: | Richard T. Allorto, Jr. |
| PennantPark Floating Rate Capital Ltd. | |
| (212) 905-1000 | |
| www.pennantpark.com |
FAQ
What were PennantPark Floating Rate Capital 's (PFLT) financial results for Q3 2024?
What was the GAAP net asset value per share for PFLT in Q3 2024?
How much did PFLT declare in distributions per share for Q3 2024?
What was PFLT's net investment income per share for Q3 2024?
What were the total investment income and expenses for PFLT in Q3 2024?
How many portfolio companies were on non-accrual for PFLT in Q3 2024?
