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 September 2024. Shareholders will receive $0.1025 per share, payable on October 1, 2024, to stockholders of record as of September 16, 2024. The 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, second lien, and subordinated debt. PennantPark Investment Advisers, manages PFLT and oversees $8.0 billion of investable capital.
PennantPark Floating Rate Capital (NYSE: PFLT) ha annunciato la propria distribuzione mensile per settembre 2024. Gli azionisti riceveranno $0.1025 per azione, pagabile il 1° ottobre 2024, agli azionisti registrati al 16 settembre 2024. Si prevede che la distribuzione sarà pagata da reddito netto da investimenti tassabili.
In quanto società di investimento regolamentata (RIC), PFLT genera reddito da interessi qualificati e plusvalenze a breve termine che potrebbero essere esenti dalla tassa di ritenuta statunitense per gli azionisti non statunitensi. La società investe principalmente in aziende private del mercato medio negli Stati Uniti attraverso prestiti garantiti a tasso variabile, inclusi prestiti di primo grado, prestiti di secondo grado e debito subordinato. PennantPark Investment Advisers gestisce PFLT e supervisiona $8,0 miliardi di capitale investibile.
PennantPark Floating Rate Capital (NYSE: PFLT) ha anunciado su distribución mensual para septiembre de 2024. Los accionistas recibirán $0.1025 por acción, pagadero el 1 de octubre de 2024, a los accionistas registrados al 16 de septiembre de 2024. Se espera que la distribución se pague con ingresos netos de inversiones imponibles.
Como una compañía de inversión regulada (RIC), PFLT genera ingresos por intereses calificados y ganancias de capital a corto plazo que pueden estar exentos de impuestos de retención de EE. UU. para accionistas no estadounidenses. La compañía invierte principalmente en empresas privadas del mercado medio en EE. UU. a través de préstamos garantizados a tipo variable, incluidos préstamos de primer grado, segundo grado y deuda subordinada. PennantPark Investment Advisers gestiona PFLT y supervisa $8.0 mil millones en capital invertible.
PennantPark Floating Rate Capital (NYSE: PFLT)가 2024년 9월에 대한 월별 분배를 발표했습니다. 주주들은 주당 $0.1025를 받을 것입니다, 2024년 10월 1일에 지급되며, 2024년 9월 16일 기준 주주에게 지급됩니다. 분배는 과세 순 투자 수익에서 지급될 것으로 예상됩니다.
규제된 투자 회사(RIC)로서 PFLT는 비 미국 주주에 대해 미국의 원천징수 세에서 면제될 수 있는 자격 있는 이자 수익과 단기 자본 이익을 생성합니다. 이 회사는 주로 미국 중소기업에 대해 최우선, 2순위 및 후순위 채무를 포함한 변동금리 담보 대출을 통해 투자합니다. PennantPark Investment Advisers는 PFLT를 관리하고 $80억의 투자 자본을 감독합니다.
PennantPark Floating Rate Capital (NYSE: PFLT) a annoncé sa distribution mensuelle pour septembre 2024. Les actionnaires recevront 0,1025 $ par action, payable le 1er octobre 2024, aux actionnaires inscrits au 16 septembre 2024. La distribution devrait être versée à partir de revenu net d'investissement imposable.
En tant que société d'investissement réglementée (RIC), PFLT génère des revenus d'intérêts qualifiés et des gains en capital à court terme qui peuvent être exonérés de l'impôt sur la retenue à la source aux États-Unis pour les actionnaires non américains. L'entreprise investit principalement dans des entreprises privées du marché intermédiaire américain par le biais de prêts garantis à taux variable, y compris les premiers et deuxièmes rangs ainsi que les dettes subordonnées. PennantPark Investment Advisers gère PFLT et supervise 8,0 milliards de dollars de capital investissable.
PennantPark Floating Rate Capital (NYSE: PFLT) hat seine monatliche Ausschüttung für September 2024 angekündigt. Aktionäre erhalten $0.1025 pro Aktie, zahlbar am 1. Oktober 2024, an die Aktionäre, die am 16. September 2024 registriert sind. Es wird erwartet, dass die Ausschüttung aus steuerpflichtigem Nettoeinkommen aus Anlagen gezahlt wird.
Als regulierte Investmentgesellschaft (RIC) generiert PFLT qualifizierte Zinserträge und kurzfristige Kapitalgewinne, die für nicht US-amerikanische Aktionäre von der US-Quellensteuer befreit sein können. Das Unternehmen investiert hauptsächlich in US-amerikanische Mittelstandsunternehmen durch variabel verzinste vorrangige besicherte Darlehen, einschließlich erster und zweiter Hypotheken sowie nachrangiger Schulden. PennantPark Investment Advisers verwaltet PFLT und überwacht $8,0 Milliarden investierbares Kapital.
- Consistent monthly dividend distribution of $0.1025 per share
- Distribution expected to be paid from taxable net investment income
- Potential tax benefits for non-U.S. stockholders due to RIC status
- Diversified investment portfolio in U.S. middle-market private companies
- Managed by experienced firm overseeing $8.0 billion in investable capital
- None.
Insights
PennantPark Floating Rate Capital's (PFLT) announcement of a
The tax implications of PFLT's distribution are noteworthy. As a RIC, the company's ability to generate qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax for non-U.S. stockholders is a significant advantage. This tax-efficient structure could make PFLT more attractive to international investors seeking U.S. market exposure without the full burden of withholding taxes. However, domestic investors should be aware that the distribution is expected to be taxable. The company's commitment to providing detailed tax characteristics on Form 1099 and in SEC filings demonstrates transparency, which is important for investors' tax planning. It's important for shareholders to consult with tax professionals to understand the specific implications for their individual situations.
PFLT's consistent monthly distribution policy aligns with the preferences of income-focused investors, particularly in the current economic climate where stable income streams are highly valued. The company's
MIAMI, Sept. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for September 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
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