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 February 2025, payable on March 3, 2025, to stockholders of record as of February 18, 2025. The distribution will be sourced 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 when properly documented. 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.
PFLT is managed by PennantPark Investment Advisers, , a middle market credit platform managing $9.0 billion of investable capital. The management firm offers comprehensive financing solutions to private equity firms and middle-market borrowers, operating from offices in Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.
PennantPark Floating Rate Capital (NYSE: PFLT) ha annunciato la sua distribuzione mensile di $0.1025 per azione per febbraio 2025, che sarà pagabile il 3 marzo 2025, agli azionisti registrati al 18 febbraio 2025. La distribuzione sarà fornita da reddito netto da investimenti tassabili.
In quanto società di investimento regolamentata (RIC), PFLT genera reddito da interessi qualificati e guadagni in conto capitale a breve termine che possono essere esenti dalle imposte statunitensi per azionisti non statunitensi, quando adeguatamente documentati. La società investe principalmente in aziende private statunitensi di media grandezza attraverso prestiti garantiti senior a tasso variabile, inclusi il debito garantito di primo e secondo grado e debito subordinato.
PFLT è gestita da PennantPark Investment Advisers, una piattaforma di credito di mercato intermedio che gestisce $9.0 miliardi di capitale investibile. La società di gestione offre soluzioni di finanziamento complete a società di private equity e a mutuatari di mercato intermedio, operando da uffici a Miami, New York, Chicago, Houston, Los Angeles e Amsterdam.
PennantPark Floating Rate Capital (NYSE: PFLT) ha anunciado su distribución mensual de $0.1025 por acción para febrero de 2025, que se pagará el 3 de marzo de 2025, a los accionistas registrados hasta el 18 de febrero de 2025. La distribución será originada de ingresos netos de inversión imponibles.
Como una 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 estadounidense para accionistas no estadounidenses cuando están debidamente documentados. La compañía invierte principalmente en empresas privadas de mercado medio en EE.UU. a través de préstamos garantizados senior a tasas flotantes, incluyendo deuda garantizada de primer y segundo grado, y deuda subordinada.
PFLT es administrada por PennantPark Investment Advisers, una plataforma de crédito del mercado medio que gestiona $9.0 mil millones de capital invertible. La firma de gestión ofrece soluciones de financiamiento integrales a firmas de capital privado y prestatarios de mercado medio, operando desde oficinas en Miami, Nueva York, Chicago, Houston, Los Ángeles y Ámsterdam.
PennantPark Floating Rate Capital (NYSE: PFLT)는 2025년 2월에 대한 주당 $0.1025의 월 배당금을 발표했습니다. 이 배당금은 2025년 3월 3일에 지급되며, 2025년 2월 18일 기준 주주에게 지급됩니다. 배당금은 과세 순 투자 소득에서 발생됩니다.
규제 투자 회사(RIC)인 PFLT는 적절한 문서가 제공될 경우 비미국 주주에 대해 미국 원천세에서 면세될 수 있는 적격 이자 수익 및 단기 자본 이익을 생성합니다. 이 회사는 주로 미국 중소기업에 대해 변동 금리 담보 대출을 통해 투자하며, 여기에는 1차 및 2차 담보 채무 및 후순위 채무가 포함됩니다.
PFLT는 PennantPark Investment Advisers에 의해 관리되며, 이 중형 시장 신용 플랫폼은 $90억의 투자 가능 자본을 관리합니다. 이 관리 회사는 개인 투자 회사 및 중형 시장 차입자에게 종합적인 금융 솔루션을 제공하며, 마이애미, 뉴욕, 시카고, 휴스턴, 로스앤젤레스 및 암스테르담에 사무소를 두고 있습니다.
PennantPark Floating Rate Capital (NYSE: PFLT) a annoncé sa distribution mensuelle de $0.1025 par action pour février 2025, payable le 3 mars 2025, aux actionnaires enregistrés au 18 février 2025. La distribution sera tirée du revenu net d'investissement imposable.
En tant que société de placement réglementée (RIC), PFLT génère des revenus d'intérêts qualifiés et des gains en capital à court terme qui peuvent être exonérés d'impôt américain pour les actionnaires non américains lorsqu'ils sont correctement documentés. La société investit principalement dans des entreprises privées américaines de taille intermédiaire par le biais de prêts garantis senior à taux variable, comprenant des dettes garantis de premier et second rang, ainsi que des dettes subordonnées.
PFLT est gérée par PennantPark Investment Advisers, une plateforme de crédit de marché intermédiaire qui gère $9.0 milliards de capital investissable. La société de gestion propose des solutions de financement complètes aux sociétés de capital-investissement et aux emprunteurs de marché intermédiaire, opérant depuis des bureaux à Miami, New York, Chicago, Houston, Los Angeles et Amsterdam.
PennantPark Floating Rate Capital (NYSE: PFLT) hat seine monatliche Ausschüttung von $0.1025 pro Aktie für Februar 2025 bekannt gegeben, die am 3. März 2025 an die Aktionäre ausgezahlt wird, die am 18. Februar 2025 im Aktienregister stehen. Die Ausschüttung wird aus steuerpflichtigem Nettoeinkommen aus Investitionen stammen.
Als reguliertes Investmentunternehmen (RIC) generiert PFLT qualifizierte Zinseinnahmen und kurzfristige Kapitalgewinne, die bei ordnungsgemäßer Dokumentation von der US-Quellensteuer für nicht-US-Aktionäre befreit sein können. Das Unternehmen investiert hauptsächlich in US-amerikanische mittelständische Unternehmen durch variabel verzinste besicherte Darlehen, darunter First-Lien- und Second-Lien-Debt sowie nachrangige Schulden.
PFLT wird von PennantPark Investment Advisers verwaltet, einer Kreditplattform im Mittelstand, die $9,0 Milliarden investierbares Kapital verwaltet. Das Managementunternehmen bietet umfassende Finanzierungslösungen für Private-Equity-Firmen und mittelständische Kreditnehmer und ist in Miami, New York, Chicago, Houston, Los Angeles und Amsterdam tätig.
- Consistent monthly dividend payment of $0.1025 per share
- Tax-efficient structure as a RIC offering potential tax benefits for non-U.S. investors
- Management firm oversees substantial $9.0 billion in investable capital
- None.
Insights
The announcement of PennantPark Floating Rate Capital's
The distribution's funding source - taxable net investment income - is particularly significant as it indicates organic earnings generation rather than return of capital. This is important for long-term sustainability. The RIC structure provides important tax advantages, allowing pass-through treatment of income and making PFLT an efficient vehicle for generating tax-advantaged income, especially for international investors who benefit from potential U.S. withholding tax exemptions on interest-related dividends.
PFLT's focus on floating rate senior secured loans positions it favorably in the current interest rate environment. The first lien emphasis in their portfolio (primary position in capital structure) provides additional security for the dividend stream. Their diversified middle-market lending approach, spanning multiple sectors and focusing on senior secured debt, helps maintain steady income generation while managing risk through cycles.
MIAMI, Feb. 05, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for February 2025 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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