Welcome to our dedicated page for Pennantpark Floating Rate Cap news (Ticker: PFLT), a resource for investors and traders seeking the latest updates and insights on Pennantpark Floating Rate Cap stock.
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is a closed-end, externally managed investment company that regularly reports on its activities in the U.S. middle-market credit space. The company focuses on floating rate loans and other investments made to U.S. middle-market companies, and its news flow reflects this focus through detailed portfolio and earnings updates.
News releases from PennantPark Floating Rate Capital Ltd. commonly cover quarterly and annual financial results, including net investment income, realized and unrealized gains or losses, and changes in net asset value. These announcements also provide insight into the composition of the investment portfolio, such as the mix of first lien secured debt, subordinated debt, and preferred and common equity, as well as the number of portfolio companies and the weighted average yield on debt investments.
The company frequently issues press releases announcing monthly distributions on its common stock, specifying the per-share amount, record date, and payment date. These distribution announcements are often accompanied by explanations that the distributions are expected to be paid from taxable net investment income, with final tax characteristics reported to stockholders and in SEC filings. Additional news items include scheduling notices for earnings releases and conference calls, where management discusses financial results and portfolio performance.
Investors following PFLT news can also see updates related to its joint ventures, such as portfolio statistics for PennantPark Senior Secured Loan Fund I LLC (PSSL) and financing arrangements involving PennantPark Senior Secured Loan Fund II LLC (PSSL II). For ongoing insight into the company’s credit investment activity, income generation, and capital structure developments, this news feed aggregates the company’s press releases and related disclosures.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) has announced a monthly distribution of $0.095 per share for December 2021, payable on January 3, 2022. Stockholders of record as of December 20, 2021 will receive the payment, which is expected to stem from taxable net investment income. The company operates as a regulated investment company (RIC), generating exempt interest income for non-U.S. stockholders under certain conditions. Detailed tax characteristics will be disclosed on Form 1099.
PennantPark Floating Rate Capital Ltd. (PFLT) announced its financial results for Q4 and FY ended September 30, 2021. The company reported a net investment income of $9.3 million ($0.24 per share) for Q4, down from $10.3 million ($0.27 per share) year-over-year. For the full year, net investment income was $39.6 million ($1.02 per share), a decrease from $43.4 million ($1.12 per share). As of September 30, 2021, total assets were $1.08 billion, with a net asset value per share of $12.62, reflecting a slight decrease of 1.5%. Distributions declared per share were $0.285 for Q4 and $1.14 for the year.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for November 2021, payable on December 1, 2021, to shareholders of record as of November 17, 2021. This distribution will be sourced from taxable net investment income. The Company, a regulated investment company (RIC), primarily invests in U.S. middle-market private companies through floating rate senior secured loans. Its management, PennantPark Investment Advisers, LLC, oversees $5.2 billion in investable capital.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) has priced a public offering of an additional $85.0 million in 4.25% unsecured notes due April 1, 2026. Offered at 101.45% of the principal, this results in a yield-to-maturity of approximately 3.875%. The offering anticipates closing on October 12, 2021. PFLT plans to utilize net proceeds for investing in new or existing portfolio companies and repaying existing debt. Following this issuance, the total outstanding principal for the 4.25% notes will reach $185.0 million.
PennantPark Floating Rate Capital Ltd. (PFLT) will report its fourth fiscal quarter results for the period ending September 30, 2021, on November 17, 2021, post-market. A conference call to discuss these results is scheduled for November 18, 2021, at 9:00 a.m. ET. Participants can join by dialing toll-free (866) 548-4713 or international (323) 794-2093, referencing conference ID #6282998. PennantPark primarily invests in U.S. middle-market companies through floating rate senior secured loans.
PennantPark Floating Rate Capital Ltd. (PFLT) announced a monthly distribution of $0.095 per share for October 2021, to be paid on November 1, 2021, to stockholders of record by October 18, 2021. This distribution is expected to stem from taxable net investment income. As a regulated investment company, PFLT generates income that may be exempt from U.S. withholding tax for non-U.S. stockholders, contingent upon proper documentation. For more tax-related details, stockholders can visit the company's website.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for September 2021, payable on October 1, 2021. Shareholders of record as of September 17, 2021 will receive this distribution, primarily sourced from taxable net investment income. The company operates as a regulated investment company, allowing non-U.S. stockholders to potentially receive interest-related dividends exempt from U.S. withholding tax. For additional tax information, visit www.pennantpark.com.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) has reported its financial results for Q3 2021, ending June 30. The company holds an investment portfolio valued at $1,035.8 million, with a net asset value per share of $12.81, reflecting a 0.8% increase. Net investment income stands at $10.3 million or $0.27 per share, while total distributions declared per share are $0.285.
The company has experienced a decline in investment income from $22.8 million in Q3 2020 to $20.9 million for the same period this year.
PennantPark Floating Rate Capital Ltd. (PFLT) announced a monthly distribution of $0.095 per share for August 2021, payable on September 1, 2021. Stockholders on record by August 18, 2021 will receive this payment, originating from taxable net investment income. As a regulated investment company, PFLT provides certain tax benefits to non-U.S. stockholders. The specific tax characteristics will be disclosed on Form 1099 and on PFLT's website. The company primarily invests in U.S. middle-market companies through secured loans and equity investments.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for July 2021, payable on August 2, 2021. Stockholders of record as of July 19, 2021 will receive this distribution, which is sourced from taxable net investment income. The company operates as a regulated investment company, providing interest income that may be exempt from U.S. withholding tax for non-U.S. stockholders. The tax characteristics of the distribution will be reported on Form 1099 later this year.
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