PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
PennantPark Floating Rate Capital (NYSE: PFLT) has announced its monthly distribution for October 2024. The company will pay $0.1025 per share on November 1, 2024, to stockholders of record as of October 16, 2024. This distribution is expected to be paid from taxable net investment income.
As a regulated investment company (RIC), PFLT generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax for non-U.S. stockholders. The company primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt.
PennantPark Floating Rate Capital is managed by PennantPark Investment Advisers, , a leading middle market credit platform managing $8.0 billion of investable capital, including potential leverage.
PennantPark Floating Rate Capital (NYSE: PFLT) ha annunciato la sua distribuzione mensile per ottobre 2024. L'azienda pagherà 0,1025 dollari per azione il 1 novembre 2024, agli azionisti registrati al 16 ottobre 2024. Si prevede che questa distribuzione venga pagata da reddito netto da investimento imponibile.
In qualità di società di investimento regolamentata (RIC), PFLT genera reddito da interessi qualificati e guadagni in conto capitale a breve termine che potrebbero essere esenti dall'imposta di ritenuta statunitense per gli azionisti non statunitensi. L'azienda investe principalmente in aziende private statunitensi di mercato medio attraverso prestiti garantiti a tasso variabile, inclusi debiti garantiti di primo e secondo grado, e debito subordinato.
PennantPark Floating Rate Capital è gestita da PennantPark Investment Advisers, una piattaforma leader nel credito di mercato medio che gestisce 8,0 miliardi di dollari di capitale investibile, inclusi potenziali leverage.
PennantPark Floating Rate Capital (NYSE: PFLT) ha anunciado su distribución mensual para octubre de 2024. La empresa pagará $0.1025 por acción el 1 de noviembre de 2024, a los accionistas registrados al 16 de octubre de 2024. Se espera que esta distribución se pague de ingresos netos de inversión imponibles.
Como empresa de inversión regulada (RIC), PFLT genera ingresos por intereses calificados y ganancias de capital a corto plazo que pueden estar exentas del impuesto de retención de EE. UU. para accionistas no estadounidenses. La empresa invierte principalmente en empresas privadas de mercado medio de EE.UU. a través de préstamos garantizados a tasa flotante, incluidos niveles de deuda garantizada de primer y segundo grado, y deuda subordinada.
PennantPark Floating Rate Capital es administrada por PennantPark Investment Advisers, una plataforma líder en crédito de mercado medio que gestiona $8.0 mil millones de capital invertible, incluidos potenciales apalancamientos.
PennantPark Floating Rate Capital (NYSE: PFLT)가 2024년 10월에 대한 월별 분배를 발표했습니다. 이 회사는 2024년 11월 1일에 2024년 10월 16일 기준 주주에게 주당 $0.1025를 지급할 예정입니다. 이번 분배는 과세 가능 순 투자 소득에서 지급될 것으로 예상됩니다.
규제 투자회사(RIC)로서 PFLT는 비 미국 주주를 위한 미국 원천세에서 면제될 수 있는 자격이 있는 이자 수입 및 단기 자본 이익을 창출합니다. 회사는 주로 미국 중형 시장의 비상장 기업들에 유동 금리에 대한 담보 대출을 통해 투자하며, 이에는 첫 번째 담보 부채, 두 번째 담보 부채 및 후순위 부채가 포함됩니다.
PennantPark Floating Rate Capital은 $8.0 billion의 투자 가능한 자본을 관리하는 선도적인 중형 시장 신용 플랫폼인 PennantPark Investment Advisers에 의해 관리됩니다.
PennantPark Floating Rate Capital (NYSE: PFLT) a annoncé sa distribution mensuelle pour octobre 2024. L'entreprise versera 0,1025 $ par action le 1er novembre 2024, aux actionnaires enregistrés au 16 octobre 2024. Cette distribution devrait être financée par des revenus nets d'investissement imposables.
En tant que société d'investissement réglementée (RIC), PFLT génère des revenus d'intérêts qualifiés et des gains en capital à court terme pouvant être exonérés de l'impôt américain pour les actionnaires non américains. L'entreprise investit principalement dans des entreprises privées américaines de taille intermédiaire par le biais de prêts garantis à taux variable, y compris des dettes garanties de premier et deuxième rang, ainsi que des dettes subordonnées.
PennantPark Floating Rate Capital est gérée par PennantPark Investment Advisers, une plateforme de crédit de marché intermédiaire de premier plan, qui gère 8,0 milliards de dollars de capital investissable, y compris un potentiel d'effet de levier.
PennantPark Floating Rate Capital (NYSE: PFLT) hat seine monatliche Ausschüttung für Oktober 2024 angekündigt. Das Unternehmen wird am 1. November 2024 0,1025 $ pro Aktie an die Aktionäre auszahlen, die am 16. Oktober 2024 im Aktienregister stehen. Es wird erwartet, dass diese Ausschüttung aus steuerpflichtigem Nettoanlageertrag bezahlt wird.
Als reguliertes Investmentunternehmen (RIC) generiert PFLT qualifizierte Zinserträge und kurzfristige Kapitalgewinne, die unter Umständen von der US-Quellensteuer für nicht-US-Aktionäre befreit sein können. Das Unternehmen investiert hauptsächlich in US-amerikanische Privatunternehmen im Mittelstand durch variabel verzinste besicherungsgarantierte Kredite, einschließlich erster und zweiter Rangschuld und nachrangiger Schulden.
PennantPark Floating Rate Capital wird von PennantPark Investment Advisers verwaltet, einer führenden Kreditplattform für den Mittelstand, die 8,0 Milliarden Dollar investierbares Kapital verwaltet, einschließlich potenzieller Hebelwirkungen.
- Consistent monthly distribution of $0.1025 per share
- Distribution expected to be paid from taxable net investment income
- Potential tax benefits for non-U.S. stockholders
- Managed by PennantPark Investment Advisers, , which oversees $8.0 billion in investable capital
- None.
Insights
MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for October 2024 of
The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.
The specific tax characteristics of this distribution can be found on our website www.pennantpark.com.
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private 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
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 and Section 21E(b)(2)(B) of 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 PennantPark Floating Rate Capital Ltd. files 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.
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
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