PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
PennantPark Floating Rate Capital (NYSE: PFLT) has announced its monthly distribution of $0.1025 per share for November 2024, payable on December 2, 2024, to stockholders of record as of November 15, 2024. The distribution will be funded 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 with proper documentation. The company primarily invests in U.S. middle-market private companies through floating rate senior secured loans and is managed by PennantPark Investment Advisers, which oversees $8.3 billion in investable capital.
PennantPark Floating Rate Capital (NYSE: PFLT) ha annunciato la sua distribuzione mensile di $0.1025 per azione per novembre 2024, che sarà pagata il 2 dicembre 2024, agli azionisti registrati al 15 novembre 2024. La distribuzione sarà finanziata con reddito netto da investimenti tassabili. In quanto società d'investimento regolamentata (RIC), PFLT genera reddito da interessi qualificati e guadagni in conto capitale a breve termine che possono essere esenti da imposta di ritenuta negli Stati Uniti per gli azionisti non statunitensi con la documentazione adeguata. L'azienda investe principalmente in imprese private statunitensi di medio mercato attraverso prestiti garantiti senior a tasso variabile ed è gestita da PennantPark Investment Advisers, che supervisiona $8,3 miliardi di capitale investibile.
PennantPark Floating Rate Capital (NYSE: PFLT) ha anunciado su distribución mensual de $0.1025 por acción para noviembre de 2024, que se pagará el 2 de diciembre de 2024, a los accionistas registrados hasta el 15 de noviembre de 2024. La distribución se financiará con ingresos netos de inversión imponibles. Como compañía 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 los accionistas no estadounidenses con la documentación adecuada. La compañía invierte principalmente en empresas privadas de medio mercado en EE. UU. a través de préstamos senior garantizados a tasa variable y es administrada por PennantPark Investment Advisers, que supervisa $8.3 mil millones en capital invertible.
PennantPark Floating Rate Capital (NYSE: PFLT)의 2024년 11월 주당 $0.1025의 월 분배금 발표가 있으며, 이는 2024년 12월 2일에 2024년 11월 15일 기준의 주주에게 지급됩니다. 이 분배금은 과세 가능한 순투자소득으로 자금을 조달할 것입니다. 규제 투자 회사(RIC)로서 PFLT는 적절한 문서를 가진 비미국 주주에게 미국 원천세가 면제될 수 있는 자격 있는 이자 수익과 단기 자본 이득을 발생시킵니다. 이 회사는 주로浮동금리 선순위 담보 대출을 통해 미국 중소기업에 투자하며, 83억 달러의 투자 자본을 관리하는 PennantPark Investment Advisers에 의해 운영됩니다.
PennantPark Floating Rate Capital (NYSE: PFLT) a annoncé sa distribution mensuelle de $0.1025 par action pour novembre 2024, payable le 2 décembre 2024, aux actionnaires inscrits au 15 novembre 2024. La distribution sera financée par des revenus net 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 qui peuvent être exonérés d'impôt à la source aux États-Unis pour les actionnaires non américains avec la documentation appropriée. La société investit principalement dans des entreprises privées du marché intermédiaire américain par le biais de prêts sécurisés à taux variable et est gérée par PennantPark Investment Advisers, qui supervise 8,3 milliards de dollars de capital investissable.
PennantPark Floating Rate Capital (NYSE: PFLT) hat seine monatliche Ausschüttung von $0.1025 pro Aktie für November 2024 angekündigt, die am 2. Dezember 2024 an die am 15. November 2024 registrierten Aktionäre ausgezahlt wird. Die Ausschüttung wird aus steuerpflichtigem Nettoinvestmentertrag finanziert. Als regulierte Investmentgesellschaft (RIC) generiert PFLT qualifizierte Zinseinnahmen und kurzfristige Kapitalgewinne, die für nicht US-amerikanische Aktionäre unter entsprechenden Voraussetzungen von der US-Quellensteuer befreit sein können. Das Unternehmen investiert hauptsächlich in US-amerikanische Mittelstandsunternehmen durch schwankend verzinste vorrangige Sicherheitenkredite und wird von PennantPark Investment Advisers verwaltet, die 8,3 Milliarden US-Dollar investierbares Kapital betreuen.
- Consistent monthly dividend payment maintained at $0.1025 per share
- Distribution supported by taxable net investment income
- Management company oversees substantial $8.3 billion in investable capital
- None.
Insights
The monthly distribution announcement of
- The company's focus on floating rate senior secured loans positions it well in the current high-interest-rate environment
- Management of
$8.3 billion in investable capital demonstrates significant scale - Tax-efficient structure as a RIC provides advantages for both domestic and international investors
The stable distribution pattern and business model focused on middle-market lending continue to provide reliable income streams for investors, though potential interest rate changes could impact future returns.
MIAMI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for November 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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