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. reports financial results and distribution updates for a closed-end, externally managed, non-diversified investment company focused on floating-rate loans and other investments in U.S. middle-market companies. Its updates describe net investment income, net asset value, portfolio yields, non-accruals and the mix of first lien secured debt, subordinated debt, preferred stock and common equity.
Recurring news also covers monthly distributions, taxable net investment income, regulated investment company tax treatment, activity in the PSSL and PSSL II joint ventures, and capital-structure transactions such as debt securitizations conducted through consolidated subsidiaries.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced its February 2022 distribution of $0.095 per share, payable on March 1, 2022. Shareholders of record as of February 15, 2022 will receive this distribution, funded from taxable net investment income. The tax characteristics will be reported on Form 1099 post-calendar year. As a regulated investment company (RIC), PennantPark aims to deliver qualified interest income and potential capital gains exempt from U.S. withholding tax for non-U.S. shareholders.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) will announce its financial results for the first fiscal quarter ended December 31, 2021, on February 9, 2022, after market close. A conference call to discuss these results will occur on February 10, 2022, at 9:00 a.m. ET. Interested participants can join the call via a toll-free number or international line, referencing conference ID #9578243. As a business development company, PennantPark focuses on investing in U.S. middle-market private companies through floating rate senior secured loans.
PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announced a monthly distribution of $0.095 per share for January 2022, payable on February 1, 2022. Stockholders of record as of January 18, 2022 will receive this distribution, primarily sourced from taxable net investment income. The company operates as a regulated investment company, generating interest income that may be exempt from U.S. withholding tax for non-U.S. stockholders. Specific tax characteristics will be reported on Form 1099 after the calendar year.
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.