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 December 2024, payable on January 2, 2025, to stockholders of record as of December 16, 2024. The distribution will be sourced from taxable net investment income.
The company operates as a regulated investment company (RIC) that generates qualified interest income and short-term capital gains. These may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders with proper documentation. PFLT primarily invests in U.S. middle-market private companies through floating rate senior secured loans and is managed by PennantPark Investment Advisers, , which manages $8.7 billion of investable capital.
PennantPark Floating Rate Capital (NYSE: PFLT) ha annunciato la sua distribuzione mensile di $0.1025 per azione per dicembre 2024, pagabile il 2 gennaio 2025, ai azionisti registrati al 16 dicembre 2024. La distribuzione sarà finanziata da redditi da investimenti netti tassabili.
La società opera come compagnia di investimento regolamentata (RIC) che genera redditi da interessi qualificati e guadagni in conto capitale a breve termine. Questi potrebbero essere esenti da ritenuta fiscale statunitense quando distribuiti a azionisti non statunitensi con la documentazione appropriata. PFLT investe principalmente in società private del middle-market statunitense attraverso prestiti garantiti a tasso variabile e è gestita da PennantPark Investment Advisers, che gestisce un capitale investibile di 8,7 miliardi di dollari.
PennantPark Floating Rate Capital (NYSE: PFLT) ha anunciado su distribución mensual de $0.1025 por acción para diciembre de 2024, que se pagará el 2 de enero de 2025, a los accionistas registrados al 16 de diciembre de 2024. La distribución se financiará a partir de ingresos netos de inversión imponibles.
La empresa opera como una compañía de inversión regulada (RIC) que genera ingresos por intereses calificados y ganancias de capital a corto plazo. Estos pueden estar exentos del impuesto de retención estadounidense cuando se distribuyen a accionistas no estadounidenses con la documentación adecuada. PFLT invierte principalmente en empresas privadas del mercado medio estadounidense a través de préstamos senior asegurados a tasa variable y está gestionada por PennantPark Investment Advisers, que administra 8.7 mil millones de dólares en capital invertible.
PennantPark Floating Rate Capital (NYSE: PFLT)는 2024년 12월에 대한 주당 $0.1025의 월 배당금을 발표하였으며, 이는 2025년 1월 2일에 지급됩니다. 지급 대상은 2024년 12월 16일 기준 주주입니다. 이 배당금은 과세된 순 투자 소득에서 발생합니다.
회사는 자격 있는 이자 소득과 단기 자본 이득을 생성하는 규제 투자 회사(RIC)로 운영됩니다. 이러한 소득은 적절한 문서가 있을 경우 비미국 주주에게 분배될 때 미국 원천징수세에서 면제될 수 있습니다. PFLT는 주로 미국 중견 시장의 비상장 기업에 대한 변동 금리 선순위 대출을 통해 투자하며, 펜넌트파크 투자 고문(PennantPark Investment Advisers)이 관리하며, 관리하는 투자 자본은 87억 달러입니다.
PennantPark Floating Rate Capital (NYSE: PFLT) a annoncé sa distribution mensuelle de 0,1025 $ par action pour décembre 2024, payable le 2 janvier 2025, aux actionnaires enregistrés au 16 décembre 2024. La distribution sera financée à partir des revenus nets d'investissement imposables.
L'entreprise fonctionne comme une société d'investissement réglementée (RIC) qui génère des revenus d'intérêts qualifiés et des gains en capital à court terme. Ces revenus peuvent être exonérés d'impôt à la source américain lorsqu'ils sont distribués à des actionnaires non américains avec la documentation appropriée. PFLT investit principalement dans des entreprises privées du marché intermédiaire américain par le biais de prêts garantis à taux flottant et est gérée par PennantPark Investment Advisers, qui gère 8,7 milliards de dollars de capital investissable.
PennantPark Floating Rate Capital (NYSE: PFLT) hat seine monatliche Ausschüttung von 0,1025 $ pro Aktie für Dezember 2024 angekündigt, die am 2. Januar 2025 an die zum 16. Dezember 2024 registrierten Aktionäre ausgezahlt wird. Die Ausschüttung stammt aus steuerpflichtigen Nettoinvestitionseinkünften.
Das Unternehmen agiert als regulierte Investmentgesellschaft (RIC), die qualifizierte Zinserträge und kurzfristige Kapitalgewinne generiert. Diese können von der US-Quellensteuer befreit sein, wenn sie an nicht-US-amerikanische Aktionäre mit der entsprechenden Dokumentation verteilt werden. PFLT investiert hauptsächlich in private Unternehmen des US-Mittelstands über variabel verzinste nachrangige Kredite und wird von PennantPark Investment Advisers verwaltet, die 8,7 Milliarden Dollar an investierbarem Kapital verwaltet.
- Consistent monthly dividend payment maintained at $0.1025 per share
- Strong asset management backing with $8.7 billion of investable capital under management
- None.
Insights
The monthly distribution announcement of
This distribution is significant as it's funded from taxable net investment income, indicating the company's ability to generate sustainable income from its middle-market lending operations. The tax-advantaged nature of the distribution for non-U.S. stockholders, due to its RIC status, adds another layer of value for international investors.
PFLT's focus on floating rate senior secured loans positions it well in the current interest rate environment, as these loans typically provide better yields when rates are elevated. The company's
MIAMI, Dec. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for December 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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