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

Rhea-AI Summary

PennantPark Floating Rate Capital (NYSE: PFLT) has declared its monthly distribution of $0.1025 per share for July 2025. The distribution will be payable on August 1, 2025 to stockholders of record as of July 15, 2025.

As a regulated investment company (RIC), PFLT primarily invests in U.S. middle-market private companies through floating rate senior secured loans. The company is managed by PennantPark Investment Advisers, LLC, a middle market credit platform managing approximately $10 billion of investable capital.

The distribution is expected to be paid from taxable net investment income, and may be exempt from U.S. withholding tax for non-U.S. stockholders when distributed as interest-related dividends.

Positive

• Consistent monthly dividend payment maintained at $0.1025 per share
• Strong management platform with $10 billion in investable capital
• Tax advantages for non-U.S. stockholders through RIC status

Negative

• Dividend payment subject to market and performance risks
• Returns dependent on middle-market companies' performance which can be volatile

News Market Reaction

+0.86%

1 alert

+0.86% News Effect

On the day this news was published, PFLT gained 0.86%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MIAMI, July 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for July 2025 of $0.1025 per share, payable on August 1, 2025 to stockholders of record as of July 15, 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 approximately $10 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 PFLT's dividend payment for July 2025?

PFLT declared a monthly distribution of $0.1025 per share for July 2025, payable on August 1, 2025 to stockholders of record as of July 15, 2025.

When is the ex-dividend date for PennantPark Floating Rate Capital's July 2025 distribution?

Based on the July 15, 2025 record date, the ex-dividend date would be July 14, 2025 (one business day before the record date).

What type of investments does PFLT primarily make?

PFLT primarily invests 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.

How much capital does PennantPark Investment Advisers manage?

PennantPark Investment Advisers manages approximately $10 billion of investable capital, including potential leverage.

Are PFLT's distributions subject to U.S. withholding tax for international investors?

As a RIC, PFLT's distributions may be exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation, particularly for interest-related dividends.