PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

Rhea-AI Summary

PennantPark Floating Rate Capital (NYSE: PFLT) has announced its monthly distribution of $0.1025 per share for March 2025. The distribution will be payable on April 1, 2025, to stockholders of record as of March 14, 2025.

The distribution is expected to be funded 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 primarily investing 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. The company is managed by PennantPark Investment Advisers, , a middle market credit platform managing $9.5 billion of investable capital.

Positive

• Monthly dividend distribution maintained at $0.1025 per share
• Strong asset management base with $9.5B of investable capital
• Distribution covered by taxable net investment income

Negative

• None.

News Market Reaction

-0.09%

1 alert

-0.09% News Effect

On the day this news was published, PFLT declined 0.09%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MIAMI, March 04, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for March 2025 of $0.1025 per share, payable on April 1, 2025 to stockholders of record as of March 14, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.

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 $9.5 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

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

What is the March 2025 monthly distribution amount for PFLT stock?

PFLT announced a monthly distribution of $0.1025 per share for March 2025.

When is the payment date for PFLT's March 2025 distribution?

The distribution will be paid on April 1, 2025, to stockholders of record as of March 14, 2025.

How much assets under management does PennantPark Investment Advisers manage?

PennantPark Investment Advisers manages $9.5 billion of investable capital, including potential leverage.

What types of investments does PFLT primarily make?

PFLT primarily invests in U.S. middle-market private companies through floating rate senior secured loans, first lien secured debt, second lien secured debt, and subordinated debt.

Are PFLT's distributions tax-exempt for non-U.S. stockholders?

Qualified interest income and short-term capital gains may be exempt from U.S. withholding tax for non-U.S. stockholders with proper documentation.