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 January 2025. The distribution will be payable on February 3, 2025, to stockholders of record as of January 15, 2025.
The distribution is expected to 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 with proper documentation.
PFLT operates as a business development company focusing on U.S. middle-market private companies, primarily investing in floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt. The company is managed by PennantPark Investment Advisers, , a middle market credit platform managing $8.9 billion of investable capital.
PennantPark Floating Rate Capital (NYSE: PFLT) ha annunciato la sua distribuzione mensile di $0.1025 per azione per gennaio 2025. La distribuzione sarà pagabile il 3 febbraio 2025 agli azionisti registrati al 15 gennaio 2025.
Si prevede che la distribuzione provenga da reddito da investimento netto tassabile. In quanto società di investimento regolamentata (RIC), PFLT genera reddito di interessi qualificati e guadagni di capitale a breve termine che possono essere esenti dalla ritenuta fiscale statunitense per gli azionisti non statunitensi con la documentazione adeguata.
PFLT opera come una società di sviluppo commerciale focalizzata su aziende private di mercato medio negli Stati Uniti, investendo principalmente in prestiti garantiti a tasso variabile senior, inclusi debiti garantiti di primo e secondo grado e debiti subordinati. La società è gestita da PennantPark Investment Advisers, una piattaforma di credito di mercato medio che gestisce $8,9 miliardi di capitale investibile.
PennantPark Floating Rate Capital (NYSE: PFLT) ha anunciado su distribución mensual de $0.1025 por acción para enero de 2025. La distribución se pagará el 3 de febrero de 2025 a los accionistas registrados hasta el 15 de enero de 2025.
Se espera que la distribución provenga de ingresos netos de inversión sujetos a impuestos. Como compañía de inversión regulada (RIC), PFLT genera ingresos de intereses calificados y ganancias de capital a corto plazo que pueden estar exentos del impuesto de retención de EE. UU. para los accionistas no estadounidenses con la documentación adecuada.
PFLT opera como una empresa de desarrollo comercial enfocada en empresas privadas de mercado medio en EE. UU., invirtiendo principalmente en préstamos garantizados a tasa flotante senior, incluidos los de primer y segundo grado, así como en deuda subordinada. La empresa es gestionada por PennantPark Investment Advisers, una plataforma de crédito de mercado medio que gestiona $8.9 mil millones en capital invertible.
PennantPark Floating Rate Capital (NYSE: PFLT)는 2025년 1월에 대해 $0.1025 주당 배당금을 발표했습니다. 이 배당금은 2025년 2월 3일에 2025년 1월 15일 기준의 주주에게 지급될 예정입니다.
배당금은 과세된 순 투자 소득에서 제공될 것으로 예상됩니다. 규제 투자 회사 (RIC)로서 PFLT는 적절한 문서가 있는 비미국 주주에게 미국 원천 징수세에서 면제될 수 있는 자격이 있는 이자 소득과 단기 자본 이익을 생성합니다.
PFLT는 미국 중소기업에 중점을 둔 사업 개발 회사로, 주로 최우선 담보 채권, 제2 우선 담보 채무 및 후순위 채무를 포함한 변동 금리의 연장된 담보 대출에 투자하고 있습니다. 이 회사는 89억 달러의 투자 가능 자본을 관리하는 중소기업 신용 플랫폼인 PennantPark Investment Advisers에 의해 관리되고 있습니다.
PennantPark Floating Rate Capital (NYSE: PFLT) a annoncé sa distribution mensuelle de $0.1025 par action pour janvier 2025. La distribution sera payable le 3 février 2025 aux actionnaires inscrits au 15 janvier 2025.
On s'attend à ce que la distribution provienne de revenus d'investissement nets 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 de l'impôt américain sur les revenus pour les actionnaires non américains avec la documentation appropriée.
PFLT opère en tant que société de développement commercial axée sur des entreprises privées de taille intermédiaire aux États-Unis, investissant principalement dans des prêts garantis à taux variable senior, y compris des dettes garanties de premier et de deuxième rang, ainsi que des dettes subordonnées. La société est gérée par PennantPark Investment Advisers, une plateforme de crédit pour le marché intermédiaire gérant 8,9 milliards de dollars de capital investissable.
PennantPark Floating Rate Capital (NYSE: PFLT) hat seine monatliche Ausschüttung von $0.1025 pro Aktie für Januar 2025 angekündigt. Die Ausschüttung wird am 3. Februar 2025 an die Aktionäre gezahlt, die am 15. Januar 2025 im Aktienregister stehen.
Es wird erwartet, dass die Ausschüttung aus steuerpflichtigen Nettoanlageerträgen stammt. Als reguliertes Investmentunternehmen (RIC) erzielt PFLT qualifizierte Zinserträge und kurzfristige Kapitalgewinne, die für nicht-US-amerikanische Aktionäre mit entsprechender Dokumentation von der US-Quellensteuer befreit sein können.
PFLT agiert als Unternehmen zur Geschäftsentwicklung mit Schwerpunkt auf US-amerikanischen mittelständischen Privatattempten und investiert hauptsächlich in variabel verzinste besicherte Senior-Darlehen, einschließlich besicherter Schulden der ersten und zweiten Rangfolge sowie nachrangigen Schulden. Das Unternehmen wird von PennantPark Investment Advisers, einer Plattform für mittelständischen Kredit mit einem verwalteten Investitionskapital von 8,9 Milliarden US-Dollar, geleitet.
- Consistent monthly dividend distribution maintained at $0.1025 per share
- Strong asset management backing with $8.9 billion in investable capital under management
- None.
Insights
Business Development Companies (BDCs) like PFLT benefit from the current high interest rate environment, as their floating-rate loan portfolio generates increased income when rates rise. With
The firm's strategic positioning in multiple key markets through offices in Miami, New York, Chicago, Houston, Los Angeles and Amsterdam demonstrates strong deal sourcing capabilities and risk management through geographic diversification. This distribution announcement reflects stability in their business model and ability to maintain steady returns for shareholders.
MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for January 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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