High-yield first-lien loans anchor PennantPark (PFLT) portfolio mix

Rhea-AI Filing Summary

PennantPark Floating Rate Capital Ltd. (PFLT) provides a detailed schedule of its portfolio focused mainly on first lien secured debt to non-controlled, non-affiliated companies across many industries, including healthcare, business services, media, aerospace and defense, and consumer products.

Individual loans generally carry floating coupons in the high single to low double digits, such as 8–11%, often expressed as spreads over SOFR or 3‑month SOFR (for example SOFR+450 to SOFR+675). The portfolio also includes funded and unfunded revolvers, term loans, preferred equity, and common equity or warrants, with some higher-yield instruments like preferred and subordinate debt showing coupons up to 20%.

Key Figures

UniTek super senior preferred coupon: 20.00% UniTek senior preferred coupon: 19.00% ORL Holdco convertible notes coupon: 18.00% +5 more

8 metrics

UniTek super senior preferred coupon 20.00% UniTek Global Services, Inc. super senior preferred equity coupon

UniTek senior preferred coupon 19.00% UniTek Global Services, Inc. senior preferred equity coupon

ORL Holdco convertible notes coupon 18.00% ORL Holdco, Inc. subordinate convertible notes coupon

Beacon Behavioral subordinate debt coupon 15.00% Beacon Behavioral Holdings, LLC subordinate debt coupon

Typical first lien SOFR spread SOFR+575 Example spread on first lien loans such as Archer Lewis, LLC

Team Services Group coupon 0.00% Team Services Group, LLC first lien secured debt current coupon

Output Services Group first-out spread 3M SOFR+843 Output Services Group, Inc. first-out term loan spread

Ledge Lounger term loan coupon 11.35% Ledge Lounger, Inc. first lien term loan coupon with PIK 1.00%

Key Terms

First Lien Secured Debt, Funded Revolver, Unfunded Revolver, Subordinate Debt, +2 more

6 terms

First Lien Secured Debt financial

"Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt"

A first lien secured debt is a loan or bond backed by specific assets that gives the lender the top legal claim on those assets if the borrower defaults. Think of it like holding the first seat in line for repayment from a company’s pledged property; that priority usually means lower risk and lower interest compared with unsecured or later‑ranked debt. Investors care because it determines how likely they are to recover money if the borrower runs into trouble and where this claim sits in the company’s payment order.

Funded Revolver financial

"RTIC Subsidiary Holdings, LLC - Funded Revolver Acquisition 5/3/2024"

Unfunded Revolver financial

"Pacific Purchaser, LLC - Unfunded Revolver Acquisition 10/2/2023"

Subordinate Debt financial

"Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Convertible Notes"

Preferred Equity financial

"Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc."

Preferred equity is a type of investment that sits between common stock and debt in a company's financial structure. It typically offers investors priority in receiving dividends and getting their money back if the company runs into trouble, making it somewhat safer than regular shares. Investors value preferred equity because it provides a steady income stream while still allowing some participation in the company's success.

PIK financial

"Current Coupon 11.01% (PIK 3.75%) Basis Point Spread Above Index"

Payment In Kind (PIK) refers to interest or dividends paid with additional securities instead of cash. The company adds interest to the principal or issues more bonds/shares rather than paying cash. PIK conserves cash short-term but is riskier as debt compounds over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 04:10 PM Learn about SEC filing dates

FAQ

What types of investments does PFLT hold in this 10-Q portfolio schedule?

PFLT primarily holds first lien secured debt to non-controlled, non-affiliated portfolio companies, along with funded and unfunded revolvers, term loans, preferred equity, subordinate debt, and common equity or warrants across a wide range of industries and sectors.

How are interest rates structured on PFLT’s first lien secured loans?

Most first lien secured loans use a floating coupon structure, quoted as a margin over SOFR or 3M SOFR. Many coupons fall around 8–11%, with stated spreads such as SOFR+450, SOFR+575 or 3M SOFR+675, depending on the specific borrower.

Which sectors feature prominently in PFLT’s non-controlled, non-affiliated investments?

The schedule shows exposure to healthcare providers and services, business services, media, aerospace and defense, distributors, professional services, leisure products, and telecommunications, among others. These sectors appear through multiple first lien loans, revolvers, and equity positions.

Does PFLT invest only in debt, or are there equity positions as well?

Alongside extensive first lien secured loans, PFLT also holds common equity and warrants in entities such as MDI Aggregator, LP, GCOM InvestCo, LP and others, plus several series of preferred equity, providing additional return potential beyond interest income.

Are there higher-yield instruments in PFLT’s portfolio schedule?

Yes. The schedule includes preferred equity and subordinate debt with elevated coupons, such as UniTek Global Services, Inc. super senior preferred equity at 20.00% and ORL Holdco, Inc. convertible notes at 18.00%, as well as Beacon Behavioral Holdings, LLC at 15.00%.

What is the typical maturity range of PFLT’s first lien loans?

Maturities for first lien secured loans span several years, with examples running from 2025 through 2032, such as Big Top Holdings, LLC maturing 03/01/2030 and US Fertility Enterprises, LLC maturing 10/11/2031, reflecting a laddered portfolio of medium- to long-dated assets.

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Childcare2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants MDI Aggregator, LP - Common Equity Acquisition 7/19/2022 Industry Commodity Chemicals2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619pflt:TwoThousandTwentyNineNotesPayableMember2025-09-300001504619First Lien Secured Debt Issuer Name Crane 1 Services, Inc. Acquisition 11/18/2025 Maturity 8/27/2027 Industry Commercial Services & Supplies Current Coupon 9.53% Basis Point Spread Above Index SOFR+5862025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Real Life Intermediate Holdings LLC Acquisition 1/16/2026 Maturity 01/16/2031 Industry Real Estate Management and Development Current Coupon 8.67%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Term Loan Acquisitions 1/18/2023 Maturity 2/17/2028 Industry Construction & Engineering2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MDI Buyer, Inc. Acquisition 04/11/2023 Maturity 07/25/2028 Industry Chemicals, Plastics and Rubber Current Coupon 8.67% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Efficient Collaborative Retail Marketing Company, LLC Acquisition 10/23/2018 Maturity 09/30/2026 Industry Media: Diversified and Production Current Coupon 11.01% (PIK 3.75%) Basis Point Spread Above Index 3M SOFR+ 6752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/02/2028 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Super Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Coupon 20.00%2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name The Bluebird Group, LLC Acquisition 11/18/2025 Maturity 7/26/2026 Industry Professional Services Current Coupon 9.60% Basis Point Spread Above Index SOFR+5902026-03-310001504619pflt:ClassB1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:SecuredOvernightFinancingRateMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants StellPen Holdings, LLC (CF512, Inc.) - Common Equity Acquisition 8/17/2021 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. - Unfunded Term Loan Acquisition 7/31/2025 Maturity 7/31/2027 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PlayPower, Inc. Acquisition 8/28/2024 Maturity 8/28/2030 Industry Leisure Products Current Coupon 9.25% Basis Point Spread Above Index 1M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SBI Holdings Investments, LLC - Common Equity Acquisition 12/23/2019 Industry Professional Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 04/30/2028 Industry Automobiles Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Convertible Notes Acquisition 8/2/2024 Maturity 03/8/2028 Industry Consumer Finance Current Coupon 18.00%2024-10-012025-09-300001504619pflt:FirstLienSecuredDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC Acquisition 11/18/2025 Maturity 9/30/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+ 5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Funded Revolver Acquisition 5/3/2024 Maturity 05/03/2029 Industry Leisure Products Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Tyto Athene, LLC Acquisition 11/18/2025 Maturity 4/28/2028 Industry IT Services Current Coupon 8.56% Basis Point Spread Above Index SOFR+4902026-03-310001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 3/1/2029 Industry Wholesale2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Funded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 10.66% Basis Point Spread Above Index 1M SOFR+ 6502024-10-012025-09-300001504619pflt:TwoThousandTwentyNineNotesPayableMemberus-gaap:FairValueInputsLevel2Member2026-03-310001504619First Lien Secured Debt Issuer Name Ad.net Acquisition, LLC Acquisition 5/24/2021 Maturity 5/7/2026 Industry Media Current Coupon 10.26% Basis Point Spread Above Index SOFR+6262025-09-300001504619us-gaap:InvestmentUnaffiliatedIssuerMemberpflt:FirstLienSecuredDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC - Unfunded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC - Unfunded Revolver Acquisition 3/10/2022 Maturity 3/15/2027 Industry Software2025-10-012026-03-310001504619pflt:ElectronicEquipmentInstrumentsAndComponentsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Megawatt Acquisition Partners, LLC - Common Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Term Loan - 3rd Amendment Acquisition 3/1/2024 Maturity 03/24/2028 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Unfunded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and DefenseInvestments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Unfunded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Unfunded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - First-out Term Loan Acquisition 11/30/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.71% Basis Point Spread Above Index 3M SOFR+ 8432025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver - LC Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Funded Revolver Acquisition 5/3/2024 Maturity 5/3/2029 Industry Leisure Products Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Recteq, LLC Acquisition 1/27/2021 Maturity 1/29/2026 Industry Leisure Products Current Coupon 10.40% Basis Point Spread Above Index 3M SOFR+ 6402025-09-300001504619First Lien Secured Debt Issuer Name Lash OpCo, LLC Acquisition 10/14/2021 Maturity 2/18/2027 Industry Personal Products Current Coupon 12.16% Basis Point Spread Above Index SOFR+7852024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Beta Plus Technologies, Inc. Acquisition 7/21/2022 Maturity 7/2/2029 Industry Business Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC - Unfunded Revolver Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Connatix Parent, LLC Acquisition 7/8/2021 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Revolver Acquisition 9/23/2024 Maturity 09/23/2030 Industry Commercial Services & Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC - Unfunded Revolver Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seaway Buyer, LLC Acquisition 7/25/2024 Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 10.17% Basis Point Spread Above Index 3M SOFR+ 6152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC- Funded Revolver Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.65% Basis Point Spread Above Index 3M SOFR+ 5652024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. (CAD) Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.10% Basis Point Spread Above Index 3M SOFR+ 5402025-10-012026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassDNotesMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Systems Planning And Analysis, Inc. Acquisition 3/15/2022 Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 8.92% Basis Point Spread Above Index SOFR+4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC Acquisition 1/16/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants C5MI Holdco, LLC - Common Equity Acquisition 7/31/2024 Industry IT Services2025-09-300001504619First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. Acquisition 4/11/2023 Maturity 6/20/2029 Industry Healthcare Providers and Services Current Coupon 9.29% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619pflt:CashEquivalentsThreePointEightPercentOfNetAssetsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TPC Holding Company, LP - Common Equity Acquisition 10/27/2021 Industry Food Products2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Case Works, LLC Acquisition 11/18/2025 Maturity 10/29/2029 Industry Professional Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Peninsula Pacific Entertainment, LLC Acquisition 8/15/2025 Maturity 10/1/2032 Industry Gaming Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619pflt:ClassBNotesMemberpflt:PennantParkCLO12LLCMember2025-04-012025-04-300001504619pflt:TwoThousandAndTwentySixNotesTwoMember2021-10-012021-10-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index 3M SOFR+ 6752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index 3M SOFR+ 6752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series H-2 Acquisition 12/7/2023 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Term Loan - 3rd Amendment Acquisition 6/21/2024 Maturity 06/21/2027 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCOM InvestCo, LP - Common Equity Acquisition 6/22/2021 Industry IT Services2026-03-310001504619pflt:PennantParkCLO12LLCMember2025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC - Unfunded Revolver Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SCP Clinical Research Intermediate Holdings. LLC - Unfunded Term Loan Acquisition 1/2/2026 Maturity 01/02/2028 Industry Healthcare Providers and Services2026-03-310001504619pflt:RTwoThousandAndThirtyEightAssetBackedDebtMember2026-03-310001504619First Lien Secured Debt Issuer Name Lightspeed Buyer, Inc. Acquisition 1/27/2021 Maturity 2/3/2027 Industry Healthcare Providers and Services Current Coupon 8.75% Basis Point Spread Above Index SOFR+4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SBI Holdings Investments, LLC - Common Equity Acquisition 9/9/2025 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - New Money DIP Acquisition 8/29/2025 Maturity 3/1/2029 Industry Wholesale Current Coupon 10.00%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/2/2028 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name TMII Enterprises, LLC Acquisition 04/11/2023 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC - Unfunded Revolver Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 8.93% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. - Unfunded Revolver Acquisition 9/1/2021 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+ 7402025-10-012026-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:TwoThousandThirtySevenAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2025-09-300001504619First Lien Secured Debt Issuer Name TPC US Parent, LLC Acquisition 04/11/2023 Maturity 04/20/2026 Industry Consumer Goods: Non-Durable Current Coupon 9.56% Basis Point Spread Above Index SOFR+5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCP Boss Holdco, LLC Acquisition 12/27/2024 Industry Independent Power and Renewable Electricity Producers2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Events TopCo, LP - Common Equity Acquisition 12/17/2024 Industry Event Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. Acquisition 6/8/2023 Maturity 06/15/2029 Industry Professional Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. Acquisition 09/06/2023 Maturity 06/15/2029 Industry High Tech Industries Current Coupon 9.85% Basis Point Spread Above Index SOFR+6252025-10-012026-03-3100015046192021-03-012021-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Unfunded Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Funded Revolver Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.02% Basis Point Spread Above Index 3M SOFR+ 6352026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PLB Brands LLC - Common Equity Acquisition 3/25/2026 Industry Textiles, Apparel and Luxury Goods2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619pflt:FirstLienInPSSLMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Term Loan C Acquisition 8/9/2024 Maturity 8/18/2027 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Lash OpCo, LLC Acquisition 10/14/2021 Maturity 09/17/2027 Industry Personal Products Current Coupon 10.77% Basis Point Spread Above Index SOFR+7102025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberus-gaap:SubordinatedDebtMembersrt:MinimumMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants White Tiger Newco, LLC - Common Equity Acquisition 6/27/2022 Industry Capital Equipment2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name NBH Group, LLC Acquisition 08/25/2021 Maturity 08/19/2026 Industry Healthcare, Education & Childcare Current Coupon 9.52% Basis Point Spread Above Index SOFR+5852026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tinicum Space Coast Co-Invest, LLC Acquisition 12/4/2019 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Unfunded Revolver Acquisition 8/25/2021 Maturity 08/31/2028 Industry Construction & Engineering2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC Acquisition 5/23/2024 Maturity 05/23/2029 Industry Building Products Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt OSP Embedded Purchaser, LP - Convertible Note Acquisition 11/6/2024 Maturity 05/08/2030 Industry Aerospace and Defense Current Coupon 12.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC Acquisition 8/27/2025 Maturity 3/15/2027 Industry Software Current Coupon 10.02% Basis Point Spread Above Index 1M SOFR+ 6352025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Acquisition 11/18/2025 Maturity 12/27/2027 Industry Aerospace and Defense Current Coupon 10.10% Basis Point Spread Above Index SOFR+6402025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC Acquisition 10/2/2023 Maturity 10/02/2028 Industry Professional Services Current Coupon 9.85% Basis Point Spread Above Index 3M SOFR+ 6252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Term Loan Acquisition 7/17/2025 Maturity 07/16/2027 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Funded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 8.69% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Funded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP Acquisition 8/16/2024 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Symplr Software, Inc. Acquisition 8/27/2025 Maturity 12/20/2027 Industry Software Current Coupon 8.27% Basis Point Spread Above Index 3M SOFR+ 4602026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Funded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GMP Hills, LP - Common Equity Acquisition 11/2/2023 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Incremental TL Acquisition 7/31/2025 Maturity 07/31/2029 Industry Capital Equipment Current Coupon 10.10% (PIK 3.44%)2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. Acquisition 10/29/2019 Maturity 11/1/2028 Industry Chemicals, Plastics and Rubber Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619pflt:PennantParkCLOVILLCMemberpflt:ClassLoansB-RMember2025-05-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Urology Management Holdings, Inc. - Unfunded Term Loan Acquisition 9/3/2024 Maturity 09/03/2026 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Beacon Behavioral Holdings, LLC Acquisition 6/21/2024 Maturity 06/21/2030 Industry Healthcare Providers and Services Current Coupon 15.00%2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Sabel Systems Technology Solutions, LLC Acquisition 11/11/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC Acquisition 6/19/2019 Maturity 6/21/2027 Industry Healthcare Equipment and Supplies Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Revolver Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Wash & Wax Group, LP - Common Equity Acquisition 1/13/2015 Industry Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Unfunded Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2026-03-310001504619First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. Acquisition 8/22/2023 Maturity 8/1/2029 Industry Business Services Current Coupon 9.79% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Funded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.40% Basis Point Spread Above Index 3M SOFR+ 5402024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Funded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC Acquisition 8/12/2025 Maturity 01/21/2031 Industry Healthcare Providers and Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC. - Funded Revolver Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services Current Coupon 11.25%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC - Unfunded Revolver Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC – Unfunded Revolver Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. Acquisition 12/20/2024 Maturity 06/20/2029 Industry Healthcare Equipment and Supplies Current Coupon 8.66% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Subordinate Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 7/30/2028 Industry Automobiles Current Coupon 12.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 9.91% Basis Point Spread Above Index 1M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Term Loan Acquisition 12/17/2024 Maturity 12/17/2026 Industry Software2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SCP Clinical Research Intermediate Holdings, LLC Acquisition 1/2/2026 Maturity 01/02/2032 Industry Healthcare Providers and Services Current Coupon 8.42%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Connatix Parent, LLC - Common Equity Acquisition 7/8/2021 Industry Media2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Spendmend Holdings, LLC Acquisition 04/11/2023 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 8.85% Basis Point Spread Above Index SOFR+5152025-10-012026-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Unfunded Revolver Acquisition 8/27/2025 Maturity 12/29/2030 Industry Containers and Packaging2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - First Out Term Loan Acquisition 7/15/2024 Maturity 07/17/2028 Industry Business Services Current Coupon 9.46% Basis Point Spread Above Index 3M SOFR+ 5262025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC Acquisition 9/23/2024 Maturity 09/23/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC Acquisition 8/15/2024 Maturity 8/15/2029 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DX Electric Company, LLC - Unfunded Revolver Acquisition 10/1/2025 Maturity 10/1/2031 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Revolver Acquisition 3/21/2025 Maturity 03/19/2032 Industry Business Services2025-09-300001504619First Lien Secured Debt Issuer Name Medina Health, LLC Acquisition 11/06/2023 Maturity 10/20/2028 Industry Healthcare and Pharmaceuticals Current Coupon 9.95% Basis Point Spread Above Index SOFR+6252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Crane 1 Acquisition Parent Holdings, LP - Common Equity Acquisition 8/11/2021 Industry Commercial Services & Supplies2025-09-300001504619First Lien Secured Debt Issuer Name Burgess Point Purchaser Corporation Acquisition 10/3/2022 Maturity 7/25/2029 Industry Automotive Current Coupon 9.51% Basis Point Spread Above Index SOFR+5352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.66% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Peninsula Pacific Entertainment, LLC - Unfunded Term Loan Acquisition 8/15/2025 Maturity 8/25/2027 Industry Gaming2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Unfunded Revolver Acquisition 12/23/2019 Maturity 07/07/2026 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Common Equity Acquisition 11/5/2018 Industry Software2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Connatix Parent, LLC Acquisition 7/8/2021 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC Acquisitions 1/18/2023 Maturity 2/1/2030 Industry Construction & Engineering Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants LJ Avalon, LP - Common Equity Acquisition 1/18/2023 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Term Loan Acquisition 3/1/2024 Maturity 05/01/2026 Industry Professional Services2025-10-012026-03-310001504619pflt:ClassBRNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619pflt:CashThirtyPointTwoPercentOfNetAssetsMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619First Lien Secured Debt Issuer Name Puget Collision, LLC Acquisition 11/18/2025 Maturity 10/30/2030 Industry Automobiles Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Funded Revolver Acquisitions 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.25% Basis Point Spread Above Index 1M SOFR+ 5252025-09-300001504619First Lien Secured Debt Issuer Name Pragmatic Institute, LLC Acquisition 03/28/2025 Maturity 03/28/2030 Industry Education2026-03-310001504619First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. Acquisition 05/22/2025 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619pflt:SubordinateDebtMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-03-310001504619First Lien Secured Debt Issuer Name Sath Industries, LLC Acquisition 4/10/2025 Maturity 12/17/2029 Industry Event Services Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Funded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NEPRT Parent Holdings, LLC - Common Equity (7) Acquisition 1/27/2021 Industry Leisure Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Funded Revolver Acquisition 8/15/2024 Maturity 08/15/2029 Industry Diversified Consumer Services Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Funded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 8.85% Basis Point Spread Above Index 3M SOFR+ 5152025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HEC Purchaser Corp. Acquisitions 7/25/2024 Maturity 6/17/2029 Industry Healthcare, Education and Childcare Current Coupon 8.70% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Revolver Acquisition 12/20/2024 Maturity 06/20/2029 Industry Healthcare Equipment and Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. Acquisition 11/18/2025 Maturity 12/30/2030 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC - Unfunded Term Loan Acquisition 8/12/2025 Maturity 07/30/2027 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. Acquisitions 2/7/2022 Maturity 11/9/2026 Industry Leisure Products Current Coupon 11.35% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series F-2 Acquisition 12/7/2023 Industry Distributors2026-03-310001504619First Lien Secured Debt Issuer Name Penta Group Holdings, Inc. Acquisition 9/8/2025 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.81% Basis Point Spread Above Index SOFR+4502024-10-012025-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-10-012025-03-310001504619First Lien Secured Debt Issuer Name Municipal Emergency Services, Inc. Acquisition 4/11/2023 Maturity 10/1/2027 Industry Distributors Current Coupon 9.15% Basis Point Spread Above Index SOFR+5152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC Acquisition 8/4/2025 Maturity 8/4/2031 Industry Marketing Services Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC Acquisition 12/23/2020 Maturity 12/31/2026 Industry Insurance Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5602025-09-300001504619pflt:DistributorsMember2026-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMemberpflt:FirstLienSecuredDebtMember2025-12-310001504619First Lien Secured Debt Issuer Name Carisk Buyer, Inc. Acquisition 10/16/2024 Maturity 12/3/2029 Industry Healthcare Technology Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619First Lien Secured Debt Issuer Name Aphix Buyer, Inc. Acquisition 9/3/2025 Maturity 7/17/2031 Industry Business Services Current Coupon 8.42% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pink Lilly Holdco, LLC - Funded Revolver Acquisition 11/5/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 4.27%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Compex Legal Services, Inc. - Funded Revolver Acquisition 1/27/2020 Maturity 02/07/2026 Industry Professional Services Current Coupon 9.51% Basis Point Spread Above Index 3M SOFR+ 5552025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Revolver Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Watchtower Holdings, LLC - Common Equity Acquisition 6/14/2021 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:FirstLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC Acquisition 7/22/2021 Maturity 07/28/2026 Industry Professional Services Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+ 5902025-10-012026-03-310001504619First Lien Secured Debt Issuer Name BioDerm, Inc. Acquisition 2/28/2023 Maturity 1/31/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.17% Basis Point Spread Above Index SOFR+6502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge ETE Blocker, LLC - Common Equity Acquisition 5/24/2023 Industry Diversified Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A-1 Acquisition 7/25/2023 Industry Automobiles2025-09-300001504619First Lien Secured Debt Issuer Name Argano, LLC Acquisition 1/27/2026 Maturity 9/29/2029 Industry Software Current Coupon 9.18% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note #1 Acquisition 4/17/2025 Maturity 04/15/2030 Industry Consumer Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name BLC Holding Company, Inc. Acquisition 4/10/2025 Maturity 11/20/2030 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index SOFR+4502025-09-300001504619First Lien Secured Debt Issuer Name HEC Purchaser Corp. Acquisition 4/10/2025 Maturity 6/17/2029 Industry Healthcare and Pharmaceuticals Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619pflt:ClassA-1LoansMemberpflt:PennantParkCLO12LLCMember2025-04-012025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC - Unfunded Term Loan Acquisition 10/31/2024 Maturity 11/2/2026 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC - Unfunded Term Loan Acquisition 09/27/2024 Maturity 09/27/2026 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Gauge Schlesinger Coinvest, LLC - Preferred Equity Acquisition 4/22/2020 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.10% Basis Point Spread Above Index 3M SOFR+ 5402026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC - Unfunded Revolver Acquisition 8/16/2021 Maturity 08/19/2026 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Inventus Power, Inc. Acquisition 07/11/2023 Maturity 06/30/2026 Industry Consumer Goods: Durable Current Coupon 11.29% Basis Point Spread Above Index SOFR+7612025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. Acquisition 10/25/2023 Maturity 5/31/2028 Industry Personal Products Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC - Funded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 12.75% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Beacon Behavioral Holdings, LLC Acquisition 6/21/2024 Maturity 06/21/2030 Industry Healthcare Providers and Services Current Coupon 15.00%2026-03-310001504619First Lien Secured Debt Issuer Name One Stop Mailing, LLC Acquisition 7/8/2021 Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 10.53% Basis Point Spread Above Index SOFR+6362024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Seaway Buyer, LLC Acquisition 04/11/2023 Maturity 06/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 9.84% Basis Point Spread Above Index SOFR+6152026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:FirstLienMemberpflt:MeasurementInputBrokerOrDealerBidsOrQuotesMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt OSP Embedded Purchaser, LP - Convertible Note Acquisition 11/6/2024 Maturity 05/8/2030 Industry Aerospace and Defense Current Coupon 12.00%2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC Acquisition 4/11/2025 Maturity 2/7/2030 Industry Media: Advertising, Printing & Publishing Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Unfunded Common Equity Acquisition 1/22/2024 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - Last-out Term Loan Acquisition 11/30/2023 Maturity 05/30/2028 Industry Business Services Current Coupon 10.41% Basis Point Spread Above Index 3M SOFR+ 6682025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Unfunded Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Knexus Holdco, LLC - Common Equity Acquisition 1/14/2026 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NXOF Holdings, Inc. - Common Equity Acquisition 9/25/2018 Industry IT Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TAC Lifeport Holdings, LLC - Common Equity Acquisition 8/17/2021 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. (CAD) Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC Acquisitions 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. Acquisition 5/22/2025 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Beacon Behavioral Holdings, LLC Acquisition 6/21/2024 Maturity 06/21/2030 Industry Healthcare Providers and Services Current Coupon 15.00%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+ 5652026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver Acquisition 1/23/2024 Maturity 01/23/2029 Industry Media Current Coupon 12.25% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:FirstLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NXOF Holdings, Inc. - Common Equity Acquisition 9/25/2018 Industry IT Services2026-03-310001504619Subordinate Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 7/30/2028 Industry Automobiles Current Coupon 12.00%2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name RRA Corporate, LLC Acquisition 04/10/2025 Maturity 08/15/2029 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. - Unfunded Revolver Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC- Funded Revolver Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.65% Basis Point Spread Above Index 3M SOFR+ 5652025-09-300001504619First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Acquisition 11/18/2025 Maturity 5/29/2029 Industry Auto Components Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Common Equity Acquisition 12/16/2020 Industry IT Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class B Acquisition 7/25/2023 Industry Automobiles2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NORA Parent Holdings, LLC - Common Equity Acquisition 8/22/2023 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series I-2 Acquisition 12/7/2023 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt US Fertility Enterprises, LLC Acquisition 10/7/2024 Maturity Date 10/11/2031 Industry Healthcare Providers and Services Current Coupon 8.80% Basis Point Spread Above Index 1M SOFR+ 4502024-10-012025-09-300001504619us-gaap:TechnologySectorMember2026-03-310001504619First Lien Secured Debt Issuer Name HW Holdco, LLC Acquisition 4/11/2023 Maturity 5/11/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index SOFR+5902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Peninsula Pacific Entertainment, LLC Acquisition 8/15/2025 Maturity 8/22/2032 Industry Gaming Current Coupon 9.02% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Funded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Common Equity Acquisition 12/13/2021 Industry Distributors2025-09-300001504619pflt:C2NotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC Acquisition 2/29/2024 Maturity 03/01/2030 Industry Construction & Engineering Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media Current Coupon 10.52% Basis Point Spread Above Index 3M SOFR+ 6502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. Acquisition 02/21/2023 Maturity 02/23/2028 Industry Hotels, Restaurants and Leisure Current Coupon 11.46 (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7152024-10-012025-09-300001504619pflt:BlackrockLiqFedfundGovCLInstMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Unfunded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors2025-09-300001504619First Lien Secured Debt Issuer Name Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Diversified Consumer Services Current Coupon 9.41% Basis Point Spread Above Index SOFR+5762026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Quad (U.S.) Co-Invest, LP - Common Equity Acquisition 10/3/2022 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. Acquisition 2/21/2023 Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure Current Coupon 12.82% Basis Point Spread Above Index 3M SOFR+ 9152026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Knexus Holdco, LLC - Preferred Equity Acquisition 1/14/2026 Industry Professional Services2025-10-012026-03-310001504619pflt:MarketplaceEventsLLCMember2025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Convertible Notes Acquisition 8/2/2024 Maturity 03/08/2028 Industry Consumer Finance Current Coupon 18.00%2026-03-310001504619First Lien Secured Debt Issuer Name Smartronix, LLC Acquisition 11/24/2025 Maturity 2/32/2032 Industry Aerospace and Defense Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. Acquisition 4/7/2025 Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+ 5102024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity HPA SPQ Aggregator, LP - Preferred Equity Acquisition 6/8/2023 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Highwire Public Relations, LLC Acquisitions 1/12/2026 Maturity 1/12/2031 Industry Professional Services Current Coupon 8.70% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619First Lien Secured Debt Issuer Name Carisk Buyer, Inc. Acquisition 11/18/2025 Maturity 12/29/2029 Industry Healthcare Technology Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619First Lien Secured Debt Issuer Name CJX Borrower, LLC Acquisition 7/29/2021 Maturity 7/13/2027 Industry Media Current Coupon 9.41% Basis Point Spread Above Index SOFR+5762025-10-012026-03-310001504619First Lien Secured Debt Issuer Name TMII Enterprises, LLC Acquisition 04/11/2023 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class AA Acquisition 11/8/2021 Industry Personal Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Aechelon Technology, Inc. Acquisition 4/10/2025 Maturity 8/16/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class A Acquisition 7/25/2023 Industry Automobiles2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Acquisition 11/18/2025 Maturity 12/27/2027 Industry Aerospace and Defense Current Coupon 10.10% Basis Point Spread Above Index SOFR+6402026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Unfunded Revolver Acquisition 2/7/2025 Maturity 8/7/2029 Industry Consumer products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SCP Clinical Research Intermediate Holdings. LLC - Unfunded Revolver Acquisition 1/2/2026 Maturity 01/02/2032 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC Acquisition 9/23/2024 Maturity 09/23/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC - Unfunded Revolver Acquisition 10/3/2025 Maturity 10/03/2030 Industry Automobiles2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OES Co-Invest, LP - Common Equity - Class A Acquisition 5/31/2024 Industry Diversified Consumer Services2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:EquityMethodInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC Acquisition 08/27/2025 Maturity 03/15/2027 Industry Software Current Coupon 10.51% Basis Point Spread Above Index 1M SOFR+ 6352025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Duggal Equity, LP - Common Equity Acquisition 9/30/2024 Industry Marketing Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Funded Revolver Acquisition 12/20/2024 Maturity 6/20/2029 Industry Healthcare Equipment and Supplies Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Term Loan Acquisition 8/15/2024 Maturity 08/17/2026 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Incremental TL Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 9.61% Basis Point Spread Above Index 1M SOFR+ 5942026-03-310001504619pflt:FirstLienMember2025-09-300001504619pflt:PennantParkCLOVILLCMemberpflt:SubNotesMember2025-05-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC - Funded Revolver Acquisition 7/31/2024 Maturity 07/31/2029 Industry IT Services Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Term Loan Acquisitions 12/21/2022 Maturity 10/30/2026 Industry Commercial Services & Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Integrity Health Purchaser, LLC - Unfunded Revolver Acquisitions 2/2/2026 Maturity 2/2/2032 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Term Loan Acquisition 3/1/2022 Maturity 11/25/2026 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Funded Revolver Acquisition 5/3/2024 Maturity 5/3/2029 Industry Leisure Products Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants MDI Aggregator, LP - Common Equity Acquisition 7/19/2022 Industry Commodity Chemicals2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Funded Revolver Acquisition 2/22/2024 Maturity 04/09/2026 Industry Distributors Current Coupon 8.67%2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Urology Management Holdings, Inc. Acquisition 4/11/2023 Maturity 6/15/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class AA Acquisition 11/8/2021 Industry Personal Products2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandTwentySixNotesPayableMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC - Unfunded Revolver Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Term Loan Acquisition 6/26/2024 Maturity 11/26/2027 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Funded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 9.15% Basis Point Spread Above Index 3M SOFR+ 5152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series J-2 Acquisition 12/7/2023 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Pragmatic Holdco, Inc. - Common Equity Acquisition 11/5/2021 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Emergency Care Partners, LLC Acquisition 11/11/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 9.93% Basis Point Spread Above Index 3M SOFR+ 6262025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Tyto Athene, LLC Acquisition 3/26/2021 Maturity 04/03/2028 Industry IT Services Current Coupon 9.19% Basis Point Spread Above Index 3M SOFR+ 4902024-10-012025-09-300001504619First Lien Secured Debt Issuer Name APT OPCO, LLC Acquisition 11/18/2025 Maturity 9/31/2031 Industry Healthcare Providers & Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Funded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.77% Basis Point Spread Above Index 1M SOFR+ 6102026-03-310001504619First Lien Secured Debt Issuer Name PAR Excellence Holdings, Inc. Acquisition 10/16/24 Maturity 9/3/2030 Industry Healthcare Technology Current Coupon 9.17% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SV-Aero Holdings, LLC - Common Equity Acquisition 12/6/2023 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Wash & Wax Systems, LLC - Subordinate Debt Acquisition 4/30/2025 Maturity 07/30/2028 Industry Consumer Services Current Coupon 12.00%2025-09-300001504619First Lien Secured Debt Issuer Name The Vertex Companies, LLC Acquisition 04/11/2023 Maturity 08/31/2028 Industry Construction and Engineering Current Coupon 8.68% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Current Coupon 13.50%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC - Unfunded Revolver Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Revolver Acquisition 7/1/2025 Maturity 07/01/2031 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Compex Legal Services, Inc. - Funded Revolver Acquisition 1/27/2020 Maturity 02/07/2026 Industry Professional Services Current Coupon 9.51% Basis Point Spread Above Index 3M SOFR+ 5552024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Funded Revolver Acquisition 08/09/2024 Maturity 08/09/2030 Industry Professional Services Current Coupon 9.16% Basis Point Spread Above Index 1M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. - Unfunded Revolver Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies2026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies Equity Interests PennantPark Senior Secured Loan Fund I LLC - Common Equity Acquisition 6/16/2017 Industry Financial Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Unfunded Revolver Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ad.Net Holdings, Inc. - Common Equity Acquisition 5/4/2021 Industry Media2024-10-012025-09-300001504619us-gaap:TechnologySectorMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Funded Revolver Acquisition 5/3/2024 Maturity 05/03/2029 Industry Leisure Products Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - First-out Term Loan Acquisition 11/30/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.16% Basis Point Spread Above Index 3M SOFR+ 8432026-03-310001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. - Funded Revolver Acquisition 6/29/2023 Maturity 01/15/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.76% Basis Point Spread Above Index 3M SOFR+ 7612024-10-012025-09-300001504619Equity Securities Issuer Name Pragmatic Holdco, Inc. - Common Equity Acquisition 3/28/2025 Industry Education2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC Acquisition 8/28/2024 Maturity 08/28/2029 Industry Healthcare Technology Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Hancock Roofing And Construction, LLC Acquisition 1/27/2021 Maturity 12/31/2026 Industry Insurance Current Coupon 9.30% Basis Point Spread Above Index SOFR+5602026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Current Coupon 19.00%2025-10-012026-03-310001504619pflt:TruistCreditFacilityMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniVista Insurance - Common Equity Acquisition 6/14/2021 Industry Insurance2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TAC Lifeport Holdings, LLC - Common Equity Acquisition 8/17/2021 Industry Aerospace and Defense2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name HEC Purchaser Corp. Acquisition 11/18/2025 Maturity 6/29/2029 Industry Health Care Equipment & supplies Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Unfunded Revolver Acquisition 02/07/2025 Maturity 08/07/2029 Industry Consumer products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name PAR Excellence Holdings, Inc. Acquisition 10/16/2024 Maturity 09/03/2030 Industry Healthcare Technology Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. - Unfunded Revolver Acquisition 9/3/2024 Maturity 09/03/2030 Industry Healthcare Technology2026-03-310001504619First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC Acquisition 11/26/2024 Maturity 9/23/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502026-03-3100015046192024-05-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NFS - CFP Holdings LLC - Common Equity Acquisition 9/13/2024 Industry Commercial Services & Supplies2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Litigation DIP Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale Current Coupon 10.00%2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 1/23/2024 Maturity 01/23/2029 Industry Media Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+ 6502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name C5MI Acquisition, LLC Acquisition 3/7/2025 Maturity 7/31/2029 Industry IT Services Current Coupon 10.00% Basis Point Spread Above Index SOFR+6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. - Unfunded Revolver Acquisition 9/1/2021 Maturity 9/3/2027 Industry Consumer Finance2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pink Lilly Holdco, LLC Acquisition 11/5/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 4.35%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity EvAL Home Health Solutions, LLC Acquisition 5/10/2024 Industry Healthcare, Education and Childcare2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Funded Revolver Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media Current Coupon 9.25%2025-09-300001504619First Lien Secured Debt Issuer Name Halo Buyer, Inc. Acquisition 5/22/2025 Maturity 8/7/2029 Industry Consumer Products Current Coupon 10.16% Basis Point Spread Above Index SOFR+6002025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassDSecuredDeferrableFloatingRateLoansDue2031Member2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.77% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Revolver Acquisition 9/29/2025 Maturity 09/30/2031 Industry Healthcare Providers and Services2026-03-310001504619Equity Securities Issuer Name Wash & Wax Group, LP - Common Equity Acquisition 4/30/2025 Industry Automobiles2026-03-310001504619pflt:TwoThousandAndThirtyEightRAssetBackedDebtMemberpflt:ClassCRSeniorSecuredFloatingRateNotesDue2038Member2026-02-280001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandThirtySixRAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SV-Aero Holdings, LLC - Common Equity Acquisition 12/6/2023 Industry Aerospace and Defense2025-09-300001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC Acquisition 2/29/2024 Maturity 03/01/2030 Industry Construction & Engineering Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Revolver Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2026-03-310001504619pflt:PennantParkCLOVILLCMemberpflt:ClassLoansC-RMember2025-05-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC Acquisition 8/25/2021 Maturity 08/31/2028 Industry Construction & Engineering Current Coupon 8.77% Basis Point Spread Above Index 1M SOFR+ 5102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC - Unfunded Revolver Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class C Acquisition 5/3/2024 Industry Leisure Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 9.31% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Capital Construction, LLC - Unfunded Term Loan Acquisition 6/30/2025 Maturity 12/30/2025 Industry Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Unfunded Revolver Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media2025-09-300001504619pflt:TwoThousandThirtySevenAssetBackedDebtMember2026-03-310001504619pflt:LongTermCreditFacilityMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SP DXE Holdings, LLC - Common Equity Acquisition 12/20/2024 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Acquisition 10/6/2023 Maturity 10/2/2029 Industry Business Services Current Coupon 8.66% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC Acquisition 5/3/2024 Maturity 5/3/2029 Industry Leisure Products Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC - Funded Revolver Acquisition 10/3/2025 Maturity 10/03/2030 Industry Automobiles Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - Second Out Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2024-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC - Unfunded Term Loan Acquisition 09/27/2024 Maturity 09/27/2026 Industry Diversified Consumer Services2024-10-012025-09-300001504619pflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-04-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt US Fertility Enterprises, LLC Acquisition 10/7/2024 Maturity Date 10/11/2031 Industry Healthcare Providers and Services Current Coupon 8.80% Basis Point Spread Above Index 1M SOFR+ 4502025-09-300001504619First Lien Secured Debt Issuer Name Big Top Holdings, LLC Acquisition 11/18/2025 Maturity 2/30/2030 Industry Construction and Engineering Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies Current Coupon 10.03% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Business Services Current Coupon 9.96% Basis Point Spread Above Index 3M SOFR+ 5762025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HV Watterson Holdings, LLC - Common Equity Acquisition 6/13/2022 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. Acquisition 2/7/2025 Maturity 8/7/2029 Industry Consumer products Current Coupon 9.67% Basis Point Spread Above Index 1M SOFR+ 6002026-03-310001504619pflt:TwentyThousandsThirtyEightRAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lightspeed Buyer, Inc. Acquisition 1/21/2020 Maturity 02/03/2027 Industry Healthcare Technology Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC Acquisition 8/28/2024 Maturity 08/28/2029 Industry Healthcare Technology Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants White Tiger Newco, LLC - Common Equity Acquisition 7/31/2025 Industry Capital Equipment2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Confluent Health, LLC Acquisition 3/25/2024 Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 8.28% Basis Point Spread Above Index 1M SOFR+ 4002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lucky Bucks, LLC - First-Out Term Loan Acquisition 11/02/2023 Maturity 10/02/2028 Industry Hotels, Restaurants and Leisure Current Coupon 12.01% Basis Point Spread Above Index 1M SOFR+ 7652025-09-300001504619First Lien Secured Debt Issuer Name Argano, LLC Acquisition 1/9/2025 Maturity 9/13/2029 Industry Business Services Current Coupon 9.89% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619pflt:LongTermCreditFacilityMember2024-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Common Equity Acquisition 2/24/2021 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Term Loan Acquisition 12/20/2024 Maturity 06/30/2026 Industry Healthcare Equipment and Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC - Unfunded Term Loan Acquisition 10/16/2023 Maturity 03/31/2028 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class B Acquisition 7/25/2023 Industry Automobiles2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GGG Topco, LLC Acquisition 9/27/2024 Industry Diversified Consumer Services2024-10-012025-09-300001504619us-gaap:SubordinatedDebtMember2026-03-310001504619First Lien Secured Debt Issuer Name Crane 1 Services, Inc. Acquisition 4/11/2023 Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.03% Basis Point Spread Above Index SOFR+5862024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Super Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Current Coupon 20.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Burgess Point Holdings, LP - Common Equity Acquisition 7/21/2022 Industry Auto Components2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC Acquisition 12/23/2019 Maturity 07/07/2026 Industry Professional Services Current Coupon 9.87% Basis Point Spread Above Index 3M SOFR+ 6202025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP Acquisition 8/16/2024 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC - Unfunded Term Loan Acquisition 8/28/2024 Maturity 08/28/2026 Industry Healthcare Technology2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC - Unfunded Revolver Acquisition 8/4/2025 Maturity 8/4/2031 Industry Marketing Services2024-10-012025-09-300001504619us-gaap:CashAndCashEquivalentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Unfunded Common Equity Acquisition 12/16/2020 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media Current Coupon 10.52% Basis Point Spread Above Index 3M SOFR+ 6502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Eval Home Care Solutions Intermediate, LLC Acquisition 05/10/2024 Maturity 05/10/2030 Industry Healthcare, Education and Childcare Current Coupon 9.91% Basis Point Spread Above Index 1M SOFR+ 5752025-09-3000015046192025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Revolver Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense2025-09-300001504619pflt:TwoThousandTwentyNineNotesMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC - Funded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 12.75% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note #2 Acquisition 4/17/2025 Maturity 04/15/2033 Industry Consumer Services2026-03-310001504619pflt:B2NotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassA1NotesMember2025-02-280001504619pflt:ProfessionalServicesMember2025-09-300001504619First Lien Secured Debt Issuer Name Seaway Buyer, LLC Acquisition 04/11/2023 Maturity 06/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 9.84% Basis Point Spread Above Index SOFR+6152025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2024-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC Acquisition 10/3/2025 Maturity 10/03/2030 Industry Automobiles Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 3/1/2030 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Funded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 9.96% Basis Point Spread Above Index 3M SOFR+ 6262026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Third Out Term Loan Acquisition 8/27/2025 Maturity 01/14/2031 Industry Containers and Packaging Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. - Unfunded Revolver Acquisition 7/31/2025 Maturity 7/31/2031 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Team Services Group, LLC Acquisition 2/23/2024 Maturity 12/20/2027 Industry Healthcare Providers and Services Current Coupon 0.00% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - First Out New Money Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Emergency Care Partners, LLC Acquisition 11/11/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants RFMG Parent, LP - Common Equity Acquisition 5/1/2020 Industry Healthcare Equipment and Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity - Class AAA Units Acquisition 12/4/2019 Industry Personal Products2025-10-012026-03-310001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:FirstLienMember2026-03-310001504619First Lien Secured Debt Issuer Name MDI Buyer, Inc. Acquisition 4/11/2023 Maturity 7/25/2028 Industry Chemicals, Plastics and Rubber Current Coupon 8.95% Basis Point Spread Above Index SOFR+4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Revolver Acquisition 12/20/2024 Maturity 6/20/2029 Industry Healthcare Equipment and Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.40% Basis Point Spread Above Index 3M SOFR+ 5402025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 9.91% Basis Point Spread Above Index 1M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Wash & Wax Systems, LLC - Subordinate Debt Acquisition 4/30/2025 Maturity 07/30/2028 Industry Consumer Services Current Coupon 12.00%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP Acquisition 8/16/2024 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Team Services Group, LLC Acquisition 2/23/2024 Maturity 12/20/2027 Industry Healthcare Providers and Services Current Coupon 0.00% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Term Loan Acquisition 5/4/2023 Maturity 12/31/2026 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Urology Partners Co., LP - Common Equity Acquisition 1/20/2023 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+ 5902025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity Acquisition 11/29/2023 Industry Healthcare Providers and Services2025-10-012026-03-3100015046192025-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A Acquisition 7/25/2023 Industry Automobiles2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Falcon Buyer, LLC - Unfunded Revolver Acquisition 7/26/2023 Maturity 08/01/2029 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NORA Parent Holdings, LLC - Common Equity Acquisition 8/22/2023 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC - Unfunded Revolver Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Unfunded Common Equity Acquisition 12/23/2019 Industry Government Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MAG DS Corp. Acquisition 9/27/2023 Maturity 4/1/2027 Industry Aerospace and Defense Current Coupon 9.60% Basis Point Spread Above Index SOFR+5602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCOM InvestCo, LP - Common Equity Acquisition 6/22/2021 Industry IT Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC - Funded Revolver Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 11.10% Basis Point Spread Above Index 3M SOFR+ 4652026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC - Unfunded Revolver Acquisition 7/22/2021 Maturity 7/28/2026 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Watchtower Buyer, LLC Acquisition 5/20/2024 Maturity 12/3/2029 Industry Diversified Consumer Services Current Coupon 10.00% Basis Point Spread Above Index SOFR+6002024-10-012025-09-300001504619First Lien Secured Debt Issuer Name NORA Acquisition, LLC Acquisition 10/2/2023 Maturity 8/31/2029 Industry Healthcare Providers and Services Current Coupon 10.35% Basis Point Spread Above Index SOFR+6352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media Current Coupon 9.56%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Unfunded Revolver Acquisition 05/24/2023 Maturity 05/25/2029 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Lucky Bucks Holdco, LLC - Common Equity Acquisition 10/2/2023 Industry Hotels, Restaurants and Leisure2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Term Loan Acquisition 10/12/2021 Maturity 6/12/2027 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC - Funded Revolver Acquisition 12/23/2020 Maturity 12/31/2026 Industry Consumer products Current Coupon 9.76% Basis Point Spread Above Index 3M SOFR+ 6002025-09-3000015046192023-04-300001504619pflt:FirstLienSecuredDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants First Medical Holdings, LLC - Common Equity Acquisition 6/13/2025 Industry Healthcare Providers and Services2024-10-012025-09-300001504619srt:MinimumMemberpflt:TruistCreditFacilityMember2025-11-012025-11-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity Acquisition 12/4/2019 Industry Personal Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC Acquisition 12/23/2020 Maturity 12/31/2026 Industry Insurance Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5602025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.77% (PIK 1.50%) Basis Point Spread Above Index 1M SOFR+ 6102026-03-310001504619pflt:TwoThousandThirtySevenRAsset-BackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Schlesinger Global, LLC - Promissory Note Acquisition 2/21/2024 Maturity 01/8/2026 Industry Professional Services Current Coupon 12.76% Basis Point Spread Above Index 3M SOFR+8602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Unfunded Revolver Acquisition 1/16/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Imagine Topco. LP - Preferred Equity Acquisition 11/4/2021 Industry Software Current Coupon 8.00%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GMP Hills, LP - Common Equity Acquisition 11/2/2023 Industry Distributors2025-09-300001504619us-gaap:FairValueInputsLevel2Memberpflt:SubordinateDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC Acquisition 5/23/2024 Maturity 5/23/2029 Industry Building Products Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Funded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+ 4002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Unitek Global Services, Inc. - Warrants Acquisition 1/13/2015 Industry Telecommunications2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NFS - CFP Holdings LLC - Common Equity Acquisition 9/13/2024 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Hancock Claims Consultants Investors, LLC - Common Equity Acquisition 12/23/2020 Industry Insurance2026-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001504619First Lien Secured Debt Issuer Name The Vertex Companies, LLC Acquisition 4/11/2023 Maturity 8/31/2028 Industry Construction and Engineering Current Coupon 8.93% Basis Point Spread Above Index SOFR+4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A-1 Acquisition 7/25/2023 Industry Automobiles2026-03-310001504619Equity Securities Issuer Name 48Forty Intermediate Holdings, Inc. - Preferred Equity Acquisition 11/5/2024 Industry Containers and Packaging2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Term Loan - 3rd Amendment Acquisition 3/1/2024 Maturity 03/24/2028 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. Acquisition 8/9/2021 Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5602025-10-012026-03-310001504619pflt:TwoThousandAndTwentySixNotesTwoMember2021-12-152021-12-150001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Term Loan Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Funded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619pflt:JPMorganUSGovernmentFundMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Hancock Claims Consultants Investors, LLC - Preferred Equity Acquisition 12/23/2020 Industry Insurance2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. - Unfunded Revolver Acquisition 10/29/2019 Maturity 11/1/2028 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC Acquisition 9/29/2025 Maturity 09/30/2031 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Unfunded Term Loan Acquisition 8/27/2025 Maturity 12/29/2030 Industry Containers and Packaging2026-03-310001504619First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Acquisition 11/18/2025 Maturity 12/29/2029 Industry Aerospace and Defense Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Loving Tan, LP - Common Equity Acquisition 5/25/2023 Industry Personal Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Common Equity Acquisition 10/31/2024 Industry Government Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name IG Investments Holdings, LLC Acquisition 2/11/2026 Maturity 9/28/2028 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619First Lien Secured Debt Issuer Name SCP Clinical Research Intermediate Holdings, LLC Acquisition 01/02/2026 Maturity 01/02/2032 Industry Healthcare Providers and Services Current Coupon 8.42%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harvest Group Topco Buyer, LLC - Unfunded Term Loan Acquisitions 3/2/2026 Maturity 3/2/2028 Industry Media2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Unfunded Term Loan Acquisition 11/30/2026 Maturity 1/14/2031 Industry Containers and Packaging2026-03-310001504619pflt:ClassB1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Term Loan Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Unfunded Revolver Acquisition 7/31/2025 Maturity 07/31/2029 Industry Capital Equipment2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name By Light Professional IT Services, LLC Acquisition 8/28/2025 Maturity 7/15/2031 Industry High Tech Industries Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC Acquisition 12/19/2022 Maturity 01/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619pflt:SecondLienMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC - Unfunded Revolver Acquisitions 11/23/2021 Maturity 9/22/2028 Industry Professional Services2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMembersrt:MinimumMemberpflt:FirstLienMember2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:FirstLienMemberpflt:MeasurementInputBrokerOrDealerBidsOrQuotesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aphix Topco, Inc. - Common Equity Acquisition 7/17/2025 Industry Business Services2024-10-012025-09-3000015046192024-10-012024-12-310001504619pflt:PreferredEquityMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. - Funded Revolver Acquisition 1/30/2023 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.17% Basis Point Spread Above Index 1M SOFR+ 6502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PlayPower, Inc. - Unfunded Revolver Acquisition 8/28/2024 Maturity 8/28/2030 Industry Leisure Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Unfunded Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2025-10-012026-03-310001504619us-gaap:SubordinatedDebtMember2025-09-300001504619pflt:InvestmentsCashEquivalentsAndCashMember2025-09-300001504619First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. Acquisition 10/25/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 8.95% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Aechelon Technology, Inc. Acquisition 4/10/2025 Maturity 8/16/2029 Industry Aerospace and Defense Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752025-09-300001504619First Lien Secured Debt Issuer Name Halo Buyer, Inc. Acquisition 5/22/2025 Maturity 8/7/2029 Industry Consumer Products Current Coupon 9.67% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Funded Revolver Acquisitions 3/21/2025 Maturity 3/19/2032 Industry Business Services Current Coupon 10.25%2026-03-310001504619us-gaap:CashAndCashEquivalentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC. - Unfunded Revolver Acquisition 12/19/2022 Maturity 01/10/2029 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Funded Revolver Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 11.75%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. - Unfunded Revolver Acquisition 9/3/2024 Maturity 9/3/2030 Industry Healthcare Technology2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCP Boss Holdco, LLC Acquisition 12/27/2024 Industry Independent Power and Renewable Electricity Producers2025-09-300001504619us-gaap:RevolvingCreditFacilityMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2025-11-012025-11-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Safe Haven Defense Holdco, LLC - Common Equity Acquisition 1/16/2025 Industry Building Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.77% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Revolver Acquisitions 12/17/2024 Maturity 12/17/2030 Industry Software2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OES Co-Invest, LP - Common Equity - Class A Acquisition 5/31/2024 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services2025-09-300001504619First Lien Secured Debt Issuer Name Tyto Athene, LLC Acquisition 05/05/2021 Maturity 04/03/2028 Industry IT Services Current Coupon 8.56% Basis Point Spread Above Index SOFR+4902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP - Unfunded Common Equity Acquisition 8/16/2024 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants White Tiger Newco, LLC - Common Equity Acquisition 7/31/2025 Industry Capital Equipment2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. - Funded Revolver Acquisition 7/31/2025 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.50%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Funded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 10.50% Basis Point Spread Above Index Prime+ 3502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC - Unfunded Term Loan Acquisition 10/3/2025 Maturity 10/03/2027 Industry Automobiles2026-03-310001504619First Lien Secured Debt Issuer Name Paving Lessor Corp. Acquisition 1/28/2026 Maturity 7/31/2031 Industry Commercial Services & Supplies Current Coupon 8.94% Basis Point Spread Above Index SOFR+5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Term Loan Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals2026-03-310001504619First Lien Secured Debt Issuer Name NBH Group, LLC Acquisition 8/25/2021 Maturity 8/19/2026 Industry Healthcare, Education & Childcare Current Coupon 10.12% Basis Point Spread Above Index SOFR+5852025-09-300001504619pflt:ClassLoansA-RMemberpflt:PennantParkCLOVILLCMember2025-05-312025-05-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Revolver Acquisition 3/21/2025 Maturity 03/19/2032 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Funded Revolver Acquisition 6/8/2023 Maturity 6/15/2029 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class D Acquisition 5/3/2024 Industry Leisure Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Funded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries Current Coupon 9.17% Basis Point Spread Above Index 1M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC - Unfunded Revolver Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC Acquisition 11/23/2021 Maturity 09/22/2028 Industry Professional Services Current Coupon 9.31% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. - Unfunded Revolver Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Penta Group Holdings, Inc. - Common Equity Acquisition 7/31/2025 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ACP Big Top Holdings, LP - Common Equity Acquisition 2/29/2024 Industry Construction & Engineering2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Funded Revolver Acquisition 8/17/2021 Maturity 09/01/2026 Industry Media Current Coupon 9.69% Basis Point Spread Above Index 3M SOFR+ 6022026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. Acquisition 12/19/2024 Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5102026-03-310001504619First Lien Secured Debt Issuer Name MOREgroup Holdings, Inc. Acquisition 1/6/2026 Maturity 1/30/2030 Industry Construction and Engineering Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619First Lien Secured Debt Issuer Name Boss Industries, LLC Acquisition 4/10/2025 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002025-09-3000015046192026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Coupon 13.50%2024-10-012025-09-300001504619pflt:HighTechIndustriesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Revolver Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services2025-10-012026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassDNotesMemberpflt:SecuredOvernightFinancingRateMember2025-02-012025-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC - Unfunded Revolver Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Funded Revolver Acquisition 12/23/2019 Maturity 7/7/2026 Industry Professional Services Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5202024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SP L2 Holdings, LLC - Common Equity Acquisition 11/4/2021 Industry Leisure Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services Current Coupon 9.18% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Archer Lewis, LLC Acquisition 11/22/2024 Maturity 8/28/2029 Industry Commercial Services & Supplies Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752025-09-300001504619us-gaap:FairValueInputsLevel1Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-09-300001504619Investments in Controlled, Affiliated Portfolio Companies Equity InterestsPennantPark Senior Secured Loan Fund II LLC - Common Equity Acquisition 11/18/2025 Industry Financial Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense Current Coupon 10.91% Basis Point Spread Above Index 3M SOFR+ 6752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002026-03-310001504619First Lien Secured Debt Issuer Name MAG DS Corp. Acquisition 09/27/2023 Maturity 04/01/2027 Industry Aerospace and Defense Current Coupon 9.30% Basis Point Spread Above Index SOFR+5602025-10-012026-03-310001504619pflt:HealthcareEquipmentAndSuppliesMember2025-09-300001504619First Lien Secured Debt Issuer Name Hancock Roofing And Construction, LLC Acquisition 1/27/2021 Maturity 12/31/2026 Industry Insurance Current Coupon 9.60% Basis Point Spread Above Index SOFR+5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Term Loan Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TWD Parent Holdings, LLC - Preferred Equity Acquisition 8/25/2021 Industry Construction & Engineering2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. - Unfunded Revolver Acquisition 4/14/2021 Maturity 04/16/2027 Industry Internet Software and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC – Unfunded Revolver Acquisition 09/27/2024 Maturity 09/27/2030 Industry Diversified Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Term Loan Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMemberpflt:TotalFirstLienSecuredDebtMember2026-03-310001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC - Unfunded Revolver Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beta Plus Technologies, Inc. Acquisition 2/29/2024 Maturity 07/02/2029 Industry Internet Software and Services Current Coupon 9.45% Basis Point Spread Above Index 1M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Preferred Equity Acquisition 5/21/2019 Industry Media2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Sath Industries, LLC Acquisition 11/18/2025 Maturity 12/29/2029 Industry Building Products Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PN Buyer, Inc. - Unfunded Term Loan Acquisition 7/31/2025 Maturity 7/31/2027 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants LJ Avalon, LP - Common Equity Acquisition 1/18/2023 Industry Construction & Engineering2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Unfunded Common Equity Acquisition 11/5/2018 Industry Software2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-04-012025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2025-10-012026-03-310001504619pflt:ControlledAffiliatedInvestmentsMembersrt:MaximumMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC Acquisition 01/13/2025 Maturity 12/19/2030 Industry Media Current Coupon 8.99% Basis Point Spread Above Index SOFR+5252026-03-310001504619First Lien Secured Debt Issuer Name Imagine Acquisitionco, Inc. Acquisition 3/15/2022 Maturity 11/15/2027 Industry Software Current Coupon 9.29% Basis Point Spread Above Index SOFR+5102024-10-012025-09-300001504619pflt:AtTheMarketOfferingMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Global Holdings InterCo, LLC Acquisition 03/11/2021 Maturity 03/16/2026 Industry Diversified Financial Services Current Coupon 9.74% Basis Point Spread Above Index 1M SOFR+ 5602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Common Equity Acquisition 11/5/2018 Industry Software2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Term Loan Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Funded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619pflt:TwoThousandThirtySevenAssetBackedDebtMember2025-09-300001504619us-gaap:FinancingReceivables30To59DaysPastDueMember2025-10-012026-03-310001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:FirstLienMember2025-09-300001504619First Lien Secured Debt Issuer Name DRI Holding Inc. Acquisition 9/15/2022 Maturity 12/21/2028 Industry Media Current Coupon 9.51% Basis Point Spread Above Index SOFR+5352025-09-300001504619pflt:SeniorSecuritiesMember2018-04-052018-04-050001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC - Unfunded Revolver Acquisition 7/31/2024 Maturity 7/31/2029 Industry IT Services2026-03-310001504619First Lien Secured Debt Issuer Name One Stop Mailing, LLC Acquisition 07/08/2021 Maturity 05/07/2027 Industry Air Freight and Logistics Current Coupon 10.03% Basis Point Spread Above Index SOFR+6362025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Term Loan Acquisition 10/18/2024 Maturity 10/19/2026 Industry Healthcare Providers and Services2025-09-300001504619First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Acquisition 10/6/2023 Maturity 10/2/2029 Industry Business Services Current Coupon 9.29% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity C5MI Holdco, LLC - Preferred Equity Acquisition 7/31/2024 Industry IT Services2024-10-012025-09-300001504619pflt:TwoThousandTwentySixNotesPayableMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ACP Big Top Holdings, LP - Common Equity Acquisition 2/29/2024 Industry Construction & Engineering2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity Acquisition 11/29/2023 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants EDS Topco, LP - Common Equity Acquisition 12/19/2022 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniTek Global Services, Inc. - Common Equity Acquisition 1/13/2015 Industry Telecommunications2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Funded Revolver Acquisitions 11/8/2021 Maturity 11/10/2026 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Revolver Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Funded Revolver Acquisition 5/24/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619First Lien Secured Debt Issuer Name HW Holdco, LLC Acquisition 4/11/2023 Maturity 5/11/2026 Industry Media Current Coupon 9.53% Basis Point Spread Above Index SOFR+5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Term Loan - 2nd Amendment Acquisition 5/24/2023 Maturity 12/31/2026 Industry Personal Products2026-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Quad (U.S.) Co-Invest, LP - Common Equity Acquisition 3/28/2025 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Lightspeed Investment Holdco, LLC - Common Equity Acquisition 1/21/2020 Industry Healthcare Technology2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity 48Forty TopCo - Preferred Equity Acquisition 8/27/2025 Industry Containers and Packaging2025-10-012026-03-310001504619pflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Real Life Intermediate Holdings LLC - Unfunded Revolver Acquisition 1/16/2026 Maturity 01/16/2031 Industry Real Estate Management and Development2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aphix Topco, Inc. - Common Equity Acquisition 7/17/2025 Industry Business Services2026-03-310001504619pflt:PersonalProductsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Coolsys, Inc. Acquisition 8/27/2025 Maturity 08/11/2028 Industry Commercial Services & Supplies Current Coupon 8.66% Basis Point Spread Above Index 3M SOFR+ 5012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Unfunded Common Equity Acquisition 10/31/2024 Industry Government Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Unfunded Revolver Acquisition 5/24/2023 Maturity 5/29/2029 Industry Diversified Consumer Services2026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassB1SeniorSecuredFloatingRateNotesDue2031Memberpflt:SecuredOvernightFinancingRateMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Transgo, LLC Acquisition 1/19/2024 Maturity 12/29/2028 Industry Automotive Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Podean Buyer, LLC Acquisition 11/04/2025 Maturity 08/04/2031 Industry Education Current Coupon 9.70%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+ 6402026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC Acquisition 12/19/2022 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.49% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCOM InvestCo, LP - Common Equity Acquisition 6/22/2021 Industry IT Services2025-09-300001504619us-gaap:EquitySecuritiesMember2025-09-300001504619First Lien Secured Debt Issuer Name Arcfield Acquisition Corp. Acquisition 11/11/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 9.31% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619pflt:AutoComponentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Funded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index 1M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC - Funded Revolver Acquisition 12/23/2020 Maturity 12/31/2026 Industry Insurance Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5602025-10-012026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt PennantPark Senior Secured Loan Fund I, LLC Acquisition 8/10/2020 Maturity 05/07/2029 Industry Financial Services Current Coupon 11.88% Basis Point Spread Above Index 3M SOFR+ 8002026-03-310001504619First Lien Secured Debt Issuer Name Ro Health, LLC Acquisition 3/3/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services Current Coupon 8.50% Basis Point Spread Above Index SOFR+4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC - Unfunded Revolver Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Highwire Public Relations, LLC Acquisitions 1/12/2026 Maturity 1/12/2031 Industry Professional Services Current Coupon 8.70% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo II, LP - Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services Current Coupon 9.54% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 4/30/2028 Industry Automobiles Current Coupon 9.81% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - New Money DIP Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale Current Coupon 10.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Funded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+ 5762025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Revolver Acquisition 9/23/2024 Maturity 09/23/2026 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SP L2 Holdings, LLC - Common Equity Acquisition 11/4/2021 Industry Leisure Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Funded Revolver Acquisitions 12/17/2024 Maturity 12/17/2030 Industry Software Current Coupon 11.00% Basis Point Spread Above Index 3M SOFR+ 4252026-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMember2025-09-300001504619First Lien Secured Debt Issuer Name EvAL Home Care Solutions Intermediate, LLC Acquisition 7/10/2024 Maturity 5/10/2030 Industry Healthcare and Pharmaceuticals Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMember2025-11-182025-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Confluent Health, LLC Acquisition 3/25/2024 Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 7.79% Basis Point Spread Above Index 1M SOFR+ 4112026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seaway Topco, LP - Common Equity Acquisition 10/31/2024 Industry Chemicals, Plastics and Rubber2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Revolver Acquisitions 1/18/2023 Maturity 2/1/2029 Industry Construction & Engineering2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 4/10/2025 Maturity 6/26/2029 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Funded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index 1M SOFR+ 5752026-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2024-10-012025-03-310001504619pflt:GoldmanSachsFinancialSquareGovernmentFundMember2026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt PennantPark Senior Secured Loan Fund I, LLC Acquisition 8/10/2020 Maturity 05/07/2029 Industry Financial Services Current Coupon 12.29% Basis Point Spread Above Index 3M SOFR+ 8002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Help/Systems Holdings, Inc. Acquisitions 8/27/2025 Maturity 11/30/2026 Industry Software Current Coupon 9.76% Basis Point Spread Above Index 3M SOFR+ 6102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Safe Haven Defense Holdco LLC - Common Equity- Class A-2 Acquisition 1/16/2025 Industry Building Products2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name NBH Group, LLC Acquisition 08/25/2021 Maturity 08/19/2026 Industry Healthcare, Education & Childcare Current Coupon 9.52% Basis Point Spread Above Index SOFR+5852025-10-012026-03-310001504619pflt:ClassCRNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Revolver Acquisition 9/29/2025 Maturity 09/30/2031 Industry Healthcare Providers and Services2024-10-012025-09-300001504619pflt:InternetSoftwareAndServicesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC Acquisition 7/22/2021 Maturity 07/28/2026 Industry t Team Services Group, LLC Maturity 12/20/202 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC Acquisition 8/15/2024 Maturity 8/15/2029 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. Acquisition 6/30/2022 Maturity 9/17/2026 Industry Distributors Current Coupon 9.40% Basis Point Spread Above Index SOFR+5402024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Global Holdings InterCo, LLC Acquisition 2/12/2026 Maturity 9/27/2027 Industry Diversified Financial Services Current Coupon 9.28% Basis Point Spread Above Index SOFR+5602026-03-310001504619First Lien Secured Debt Issuer Name Fi Acquisition 11/18/2025 Maturity 9/30/2030 Industry Fi Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity Acquisition 6/27/2022 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 9.61% Basis Point Spread Above Index 1M SOFR+ 5952025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC - Unfunded Revolver Acquisition 8/28/2024 Maturity 08/28/2029 Industry Healthcare Technology2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Eval Home Care Solutions Intermediate, LLC Acquisition 05/10/2024 Maturity 05/10/2030 Industry Healthcare, Education and Childcare Current Coupon 9.91% Basis Point Spread Above Index 1M SOFR+ 5752024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. Acquisition 11/18/2025 Maturity 6/29/2029 Industry Healthcare Providers & Services Current Coupon 8.66% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity EvAL Home Health Solutions, LLC Acquisition 5/10/2024 Industry Healthcare, Education and Childcare2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Funded Revolver Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.25%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Lightspeed Investment Holdco, LLC - Common Equity Acquisition 1/21/2020 Industry Healthcare Technology2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - Final initial New Money TL Acquisition 10/24/2024 Maturity 07/14/2026 Industry Air Freight and Logistics Current Coupon 8.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Term Loan Acquisition 12/20/2024 Maturity 6/30/2026 Industry Healthcare Equipment and Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Gauge ETE Blocker, LLC Acquisition 05/24/2023 Maturity 05/21/2029 Industry Diversified Consumer Services Current Coupon 12.56%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Unfunded Common Equity Acquisition 1/22/2024 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC Acquisition 12/23/2020 Maturity 12/31/2026 Industry Insurance Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - First Out New Money Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 12.57% Basis Point Spread Above Index 1M SOFR+ 8352025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC – Unfunded Revolver Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Marketplace Events Acquisition, LLC - Common Equity Acquisition 12/19/2024 Industry Media: Diversified and Production2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Acquisition 4/11/2023 Maturity 6/30/2026 Industry Media: Advertising, Printing & Publishing Current Coupon 9.90% Basis Point Spread Above Index SOFR+5752025-09-300001504619pflt:ClassCRNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC - Unfunded Revolver Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seacoast Service Partners, LLC - Common Equity Acquisition 10/31/2024 Industry Diversified Consumer Services2026-03-310001504619First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. Acquisition 6/30/2022 Maturity 9/17/2026 Industry Distributors Current Coupon 9.40% Basis Point Spread Above Index SOFR+5402025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Azureon Holdings, LLC Acquisition 6/26/2024 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 9.44% Basis Point Spread Above Index 3M SOFR+ 5762026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Insight Holdings, Inc. Acquisition 7/15/2024 Industry Business Services2026-03-310001504619First Lien Secured Debt Issuer Name Safe Haven Defense US, LLC Acquisition 09/19/2024 Maturity 05/23/2029 Industry Construction and Building Current Coupon 9.22% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Harvest Group Topco Buyer, LLC Acquisition 3/2/2026 Maturity 3/2/2032 Industry Media Current Coupon 8.42%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Lightspeed Investment Holdco, LLC - Common Equity Acquisition 1/21/2020 Industry Healthcare Technology2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Revolver Acquisition 1/18/2023 Maturity 02/01/2029 Industry Construction & Engineering2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HV Watterson Holdings, LLC - Common Equity Acquisition 6/13/2022 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Real Life Intermediate, LLC - Common Equity Acquisition 1/26/2026 Industry Real Estate Management and Development2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Funded Revolver Acquisition 8/15/2024 Maturity 8/15/2029 Industry Diversified Consumer Services Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619First Lien Secured Debt Issuer Name Hills Distribution, Inc. Acquisition 11/18/2025 Maturity 11/29/2029 Industry Distributors Current Coupon 9.21% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Unfunded Common Equity Acquisition 12/13/2021 Industry Distributors2025-10-012026-03-310001504619pflt:TwoThousandThirtySevenAsset-BackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity NORA Parent Holdings, LLC -Series A Preferred Equity Acquisition 1/27/2026 Industry Healthcare Providers and Services2026-03-310001504619pflt:TruistCreditFacilityMember2025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMember2024-10-012025-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:SecondLienMemberpflt:MeasurementInputBrokerOrDealerBidsOrQuotesMember2025-09-300001504619First Lien Secured Debt Issuer Name C5MI Acquisition, LLC Acquisition 3/7/2025 Maturity 7/31/2029 Industry IT Services Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002026-03-310001504619Equity Securities Issuer Name PLB Brands, LLC - Common Equity Acquisition 3/5/2026 Industry Education2025-10-012026-03-310001504619pflt:IndependentPowerAndRenewableElectricityProducersMember2026-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:TwoThousandThirtyEightRAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Unfunded Term Loan Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TPC Holding Company, LP - Preferred Equity Acquisition 12/4/2019 Industry Food Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC Acquisition 11/18/2025 Maturity 9/30/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. Acquisition 8/27/2025 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.17% Basis Point Spread Above Index 1M SOFR+ 6502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Funded Revolver Acquisition 2/22/2024 Maturity 04/09/2026 Industry Distributors Current Coupon 8.67%2026-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMemberpflt:FirstLienSecuredDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hills Distribution, Inc. Acquisition 11/2/2023 Maturity 11/08/2029 Industry Distributors Current Coupon 10.32% Basis Point Spread Above Index 1M SOFR+ 6002025-09-300001504619First Lien Secured Debt Issuer Name Pragmatic Institute, LLC Acquisition 3/28/2025 Maturity 3/28/2030 Industry Education Current Coupon 9.50% Basis Point Spread Above Index SOFR+5502025-09-300001504619Equity Securities Issuer Name New Insight Holdings, Inc. - Common Equity Acquisition 7/15/2024 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. Acquisition 10/24/2019 Maturity 03/31/2027 Industry Professional Services Current Coupon 9.82% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+ 6102026-03-3100015046192026-03-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products2025-09-300001504619First Lien Secured Debt Issuer Name EDS Buyer, LLC Acquisition 11/18/2025 Maturity 1/29/2029 Industry Aerospace and Defense Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC - Unfunded Revolver Acquisition 11/23/2021 Maturity 09/22/2028 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ironclad Holdco, LLC - Common Equity Acquisition 12/23/2020 Industry Commercial Services & Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. Acquisitions 6/29/2023 Maturity 6/30/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.29% Basis Point Spread Above Index 3M SOFR+ 7612025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - New Money Term Loan Acquisition 8/27/2025 Maturity 7/14/2026 Industry Air Freight and Logistics Current Coupon 8.00%2026-03-310001504619pflt:PennantParkCLOVILLCMemberpflt:ClassLoansC-RMember2025-05-312025-05-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC Acquisition 5/23/2024 Maturity 5/23/2029 Industry Building Products Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619pflt:ClassA-2NotesMemberpflt:PennantParkCLO12LLCMember2025-04-012025-04-300001504619pflt:ClassA-1NotesMemberpflt:PennantParkCLO12LLCMember2025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC - Unfunded Revolver Acquisition 4/10/2025 Maturity 4/10/2031 Industry Automobiles2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Confluent Health, LLC Acquisition 1/12/2024 Maturity 11/30/2028 Industry Healthcare and Pharmaceuticals Current Coupon 11.66% Basis Point Spread Above Index SOFR+7502024-10-012025-09-300001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC Acquisition 4/17/2025 Maturity 4/15/2030 Industry Diversified Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC Acquisition 8/27/2025 Maturity 3/15/2027 Industry Software Current Coupon 10.02% Basis Point Spread Above Index 1M SOFR+ 6352026-03-310001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Priority TL Acquisition 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 10.10% Basis Point Spread Above Index SOFR+5942025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC - Funded Revolver Acquisition 10/3/2025 Maturity 10/03/2030 Industry Automobiles Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619First Lien Secured Debt Issuer Name PN Buyer, Inc. Acquisition 11/19/2025 Maturity 07/31/2031 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MOREgroup Holdings, Inc. Acquisition 1/6/2026 Maturity 1/30/2030 Industry Construction and Engineering Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Athletico Holdings, LLC - Common Equity Acquisition 2/4/2022 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC Acquisition 04/10/2025 Maturity 04/10/2031 Industry Automobiles Current Coupon 10.58% Basis Point Spread Above Index 3M SOFR+ 6252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Hancock Claims Consultants Investors, LLC - Preferred Equity Acquisition 12/23/2020 Industry Insurance2024-10-012025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundTwoLLCMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Revolver Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Term Loan Acquisition 10/2/2023 Maturity 04/21/2027 Industry IT Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Smile Brands, Inc. Acquisition 01/27/2021 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.77% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MOREgroup Holdings, Inc. Acquisition 3/22/2024 Maturity 1/16/2030 Industry Business Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252025-09-300001504619pflt:AtTheMarketOfferingMember2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Eval Home Care Solutions Intermediate, LLC Acquisition 5/10/2024 Maturity 5/10/2030 Industry Healthcare, Education and Childcare Current Coupon 9.42% Basis Point Spread Above Index 1M SOFR+ 5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Lucky Bucks, LLC - First-Out Term Loan (5) Acquisition 12/1/2023 Maturity 10/2/2028 Industry Hotel, Gaming and Leisure Current Coupon 11.66% Basis Point Spread Above Index SOFR+7652025-09-300001504619First Lien Secured Debt Issuer Name RTIC Subsidiary Holdings, LLC Acquisition 11/01/2024 Maturity 05/03/2029 Industry Leisure Products Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Hancock Claims Consultants Investors, LLC - Common Equity Acquisition 12/23/2020 Industry Insurance2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel2Memberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pink Lilly Holdco, LLC - Funded Revolver Acquisition 11/5/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 4.27%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Term Loan Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2025-09-300001504619First Lien Secured Debt Issuer Name Cornerstone Advisors of Arizona, LLC Acquisition 1/27/2026 Maturity 5/32/2032 Industry Professional Services Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619pflt:TotalFirstLienSecuredDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC Acquisition 7/22/2021 Maturity 07/28/2026 Industry Professional Services Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+ 5902026-03-310001504619First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. Acquisition 10/25/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 8.95% Basis Point Spread Above Index SOFR+5002026-03-310001504619First Lien Secured Debt Issuer Name TMII Enterprises, LLC Acquisition 11/18/2025 Maturity 12/28/2028 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRI Holding Inc. Acquisition 5/23/2024 Maturity 12/21/2028 Industry Media Current Coupon 9.02% Basis Point Spread Above Index 1M SOFR+ 5352026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Term Loan - 1st Amendment Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC Acquisition 05/24/2023 Maturity 05/29/2029 Industry Diversified Consumer Services Current Coupon 9.16% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619pflt:AtTheMarketOfferingMember2024-07-012024-07-310001504619pflt:BlackrockLiqFedfundGovCLInstMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC Acquisition 9/9/2025 Maturity 9/12/2031 Industry Business Services Current Coupon 8.81%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants KL Stockton Co-Invest, LP - Common Equity Acquisition 7/16/2021 Industry Energy Equipment and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniVista Insurance - Common Equity Acquisition 6/14/2021 Industry Insurance2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seaway Buyer, LLC Acquisition 7/25/2024 Maturity 06/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+ 6152025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC - Unfunded Revolver Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name PD Tri-State Holdco, LLC. Acquisition 11/18/2025 Maturity 10/30/2030 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Highwire Public Relations, LLC - Unfunded Term Loan Acquisitions 1/12/2026 Maturity 1/12/2028 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity ORL Holdco, Inc. - Preferred Equity Acquisition 9/1/2021 Industry Consumer Finance2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC - Unfunded Revolver Acquisition 7/22/2021 Maturity Date 07/28/2026 Industry Professional Services2025-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619pflt:ClassDRNotesMember2026-03-310001504619First Lien Secured Debt Issuer Name Best Practice Associates, LLC Acquisition 4/10/2025 Maturity 11/8/2029 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index SOFR+6752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Funded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+ 5762024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants C5MI Holdco, LLC - Common Equity Acquisition 7/31/2024 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. - Unfunded Revolver Inc Acquisition 10/29/2019 Maturity 11/03/2025 Industry Personal Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC Acquisition 9/9/2025 Maturity 09/12/2031 Industry Business Services Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Smile Brands, Inc. Acquisition 1/27/2021 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 10.10% Basis Point Spread Above Index SOFR+6102024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Knexus Holdco, LLC - Preferred Equity Acquisition 1/14/2026 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC Acquisition 11/30/2021 Maturity 11/10/2027 Industry Personal Products Current Coupon 10.15% Basis Point Spread Above Index SOFR+6152024-10-012025-09-300001504619First Lien Secured Debt Issuer Name SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/01/2030 Industry Aerospace and Defense Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619pflt:ClassCRNotesMemberpflt:SecuredOvernightFinancingRateMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-252024-07-250001504619pflt:TruistCreditFacilityMembersrt:MaximumMember2025-04-012025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Term Loan Acquisition 7/1/2025 Maturity 07/01/2027 Industry Business Services2026-03-310001504619First Lien Secured Debt Issuer Name North American Rail Solutions Acquisition 11/18/2025 Maturity 8/31/2031 Industry Road and Rail Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Systems Planning And Analysis, Inc. Acquisition 03/15/2022 Maturity 08/16/2027 Industry Aerospace and Defense Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC Acquisition 7/31/2024 Maturity 07/31/2029 Industry IT Services Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series H-2 Acquisition 12/7/2023 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge ETE Blocker, LLC - Common Equity Acquisition 5/24/2023 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HEC Purchaser Corp. Acquisition 6/17/2024 Maturity 06/17/2029 Industry Healthcare, Education and Childcare Current Coupon 8.87% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619pflt:NetAssetsHundredPercentMember2026-03-310001504619pflt:IncentiveFeePaymentConditionThreeMembersrt:MinimumMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NFS - CFP Holdings LLC - Common Equity Acquisition 9/13/2024 Industry Commercial Services & Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smartronix, LLC Acquisition 2/6/2025 Maturity 2/6/2032 Industry Aerospace and Defense Current Coupon 8.66% Basis Point Spread Above Index 1M SOFR+ 4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering Current Coupon 9.31% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Meadowlark Title, LLC - Common Equity Acquisition 12/9/2021 Industry Professional Services2025-10-012026-03-310001504619pflt:HealthcareEducationAndChildcareMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OceanSound Discovery Equity, LP - Common Equity Acquisition 3/28/2024 Industry Aerospace and Defense2025-09-300001504619First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. Acquisition 05/22/2025 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ORL Holdco, Inc. - Common Equity Acquisition 9/1/2021 Industry Consumer Finance2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Capital Construction, LLC Acquisition 6/30/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+ 5902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Unfunded Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2025-09-300001504619First Lien Secured Debt Issuer Name Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 4/10/2025 Maturity 6/26/2029 Industry Diversified Consumer Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 4/10/2025 Maturity 6/26/2029 Industry Diversified Consumer Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC Acquisition 10/2/2023 Maturity 10/2/2028 Industry Professional Services Current Coupon 10.42% Basis Point Spread Above Index 3M SOFR+ 6252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. - Unfunded Revolver Acquisitions 6/29/2023 Maturity 6/30/2029 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Archer Lewis, LLC Acquisition 11/18/2025 Maturity 8/29/2029 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Common Equity Acquisition 12/31/2024 Industry Aerospace and Defense2026-03-310001504619pflt:OtherRelatedPartyMember2026-01-012026-03-3100015046192024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMemberpflt:FirstLienMember2025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name TPC US Parent, LLC Acquisition 4/11/2023 Maturity 11/24/2025 Industry Consumer Goods: Non-Durable Current Coupon 10.19% Basis Point Spread Above Index SOFR+5902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC - Unfunded Revolver Acquisition 6/19/2019 Maturity 06/21/2027 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Gauge ETE Blocker, LLC Acquisition 5/24/2023 Maturity 5/21/2029 Industry Diversified Consumer Services Current Coupon 12.56%2026-03-310001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Priority TL Acquisition 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 10.10% Basis Point Spread Above Index SOFR+5942024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Unfunded Revolver Acquisition 10/24/2019 Maturity 03/31/2027 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services Current Coupon 9.89% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Term Loan Acquisition 9/30/2024 Maturity 09/30/2026 Industry Marketing Services2025-09-300001504619pflt:DiversifiedConsumerServicesMember2025-09-300001504619Equity Securities Issuer Name 48Forty Intermediate Holdings, Inc. - Common Equity Acquisition 11/5/2024 Industry Containers and Packaging2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Capital Construction, LLC Acquisition 6/30/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+ 5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. - Funded Revolver Acquisition 2/07/2022 Maturity 11/09/2026 Industry Leisure Products Current Coupon 11.65% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652025-09-300001504619First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC Acquisition 11/30/2021 Maturity 11/10/2027 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC Acquisition 8/4/2025 Maturity 08/04/2031 Industry Marketing Services Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TCG 3.0 Jogger Co-Invest, LP - Common Equity Acquisition 12/6/2023 Industry Media2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name DRI Holding Inc. Acquisition 9/15/2022 Maturity 12/21/2028 Industry Media Current Coupon 9.02% Basis Point Spread Above Index SOFR+5352026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity Acquisition 12/4/2019 Industry Personal Products2025-10-012026-03-310001504619Equity Securities Issuer Name Pragmatic Holdco, Inc. - Common Equity Acquisition 3/28/2025 Industry Education2025-09-300001504619Equity Securities Issuer Name New Insight Holdings, Inc. - Common Equity Acquisition 7/15/2024 Industry Diversified Consumer Services2025-10-012026-03-310001504619pflt:CommercialServicesAndSuppliesMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Capital Construction, LLC Acquisition 6/30/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 10.20%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PD Tri-State Holdco, LLC - Unfunded Revolver Acquisition 10/14/2025 Maturity 10/15/2030 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Imagine Topco. LP - Common Equity Acquisition 11/4/2021 Industry Software2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRI Holding Inc. Acquisition 5/3/2024 Maturity 12/21/2028 Industry Media Current Coupon 9.51% Basis Point Spread Above Index 1M SOFR+ 5552024-10-012025-09-300001504619pflt:MarketingServicesMember2025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandThirtySevenAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TPC Holding Company, LP - Preferred Equity Acquisition 12/4/2019 Industry Food Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Term Loan Acquisition 10/2/2023 Maturity 04/21/2027 Industry IT Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Megawatt Acquisition Partners, LLC - Preferred Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619pflt:NonControlledAffiliatedInvestmentsMembersrt:MaximumMember2025-10-012026-03-310001504619Equity Securities Issuer Name Wash & Wax Group, LP - Common Equity Acquisition 4/30/2025 Industry Automobiles2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. - Unfunded Revolver Acquisition 2/21/2023 Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure2026-03-310001504619First Lien Secured Debt Issuer Name Harris & Co, LLC Acquisition 11/26/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5002025-09-300001504619First Lien Secured Debt Issuer Name Lucky Bucks, LLC - First-Out Term Loan (5) Acquisition 12/1/2023 Maturity 10/2/2028 Industry Hotel, Gaming and Leisure Current Coupon 11.66% Basis Point Spread Above Index SOFR+7652024-10-012025-09-300001504619pflt:ClassC2SecuredDeferrableFixedRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619us-gaap:EquityMethodInvestmentsMember2026-03-310001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001504619us-gaap:CashAndCashEquivalentsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Five Star Parent Holdings, LLC - Common Equity Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniTek Global Services, Inc. - Common Equity Acquisition 8/25/2021 Industry Telecommunications2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A-1 Acquisition 7/25/2023 Industry Automobiles2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. Acquisition 10/29/2019 Maturity 11/03/2025 Industry Chemicals, Plastics and Rubber Current Coupon 9.41% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name APT OPCO, LLC Acquisition 10/23/2025 Maturity 9/30/2031 Industry Healthcare and Pharmaceuticals Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Equity Securities Issuer Name Pragmatic Holdco, Inc. - Common Equity Acquisition 3/28/2025 Industry Education2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Argano, LLC Acquisition 1/9/2025 Maturity 9/13/2029 Industry Business Services Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2026-03-310001504619pflt:PennantParkCLOVILLCMember2025-05-310001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Unfunded Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandThirtyEightRAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC Acquisition 9/9/2025 Maturity 09/12/2031 Industry Business Services Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619pflt:ConstructionAndEngineeringMember2026-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberpflt:ValuationTechniqueEnterpriseMarketValueMemberpflt:FirstLienMember2026-03-310001504619pflt:FirstLienInPSSLMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Exigo, LLC - Common Equity Acquisition 3/10/2022 Industry Software2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC Acquisition 8/28/2024 Maturity 08/28/2029 Industry Healthcare Technology Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 4/10/2025 Maturity 12/31/2027 Industry Media: Advertising, Printing & Publishing Current Coupon 9.60% Basis Point Spread Above Index SOFR+5902025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Capital Construction, LLC Acquisition 8/28/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 9.59% Basis Point Spread Above Index SOFR+5902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC - Funded Revolver Acquisition 9/9/2025 Maturity 09/12/2031 Industry Business Services Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity NXOF Holdings, Inc. - Preferred Equity Acquisition 9/25/2018 Industry IT Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name RTIC Subsidiary Holdings, LLC Acquisition 11/01/2024 Maturity 05/03/2029 Industry Leisure Products Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver - LC Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Confluent Health, LLC - Amendment No.4 Term Loan Acquisition 3/25/2024 Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 8.67% Basis Point Spread Above Index 1M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Burgess Point Purchaser Corporation Acquisition 8/12/2024 Maturity 07/25/2029 Industry Auto Components Current Coupon 9.51% Basis Point Spread Above Index 3M SOFR+ 5352025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Term Loan Acquisition 10/12/2021 Maturity 6/12/2027 Industry Aerospace and Defense2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619First Lien Secured Debt Issuer Name Beacon Behavioral Support Services, LLC Acquisition 11/18/2025 Maturity 6/29/2029 Industry Healthcare Providers & Services Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassA2SeniorSecuredFixedRateNotesDue2036Memberpflt:SecuredOvernightFinancingRateMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC Acquisition 06/13/2025 Maturity 06/13/2031 Industry Healthcare Providers and Services Current Coupon 9.75%2025-09-300001504619pflt:TwoThousandThirtySevenAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. Acquisition 12/20/2024 Maturity 6/20/2029 Industry Healthcare Equipment and Supplies Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. - Funded Revolver Acquisitions 2/7/2022 Maturity 11/9/2026 Industry Leisure Products Current Coupon 11.35% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hills Distribution, Inc. - Unfunded Term Loan Acquisition 11/2/2023 Maturity 11/07/2025 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 08/29/2027 Industry Manufacturing/Basic Industry2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. Acquisition 3/1/2024 Maturity 03/01/2030 Industry Professional Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC Acquisition 3/21/2025 Maturity 03/19/2032 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619us-gaap:GovernmentMember2025-09-300001504619us-gaap:EquityMethodInvestmentsMemberus-gaap:FairValueInputsLevel1Member2025-09-300001504619First Lien Secured Debt Issuer Name Sabel Systems Technology Solutions, LLC Acquisition 11/11/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 9.67% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619pflt:JPMorganUSDLiquidityInstMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619pflt:ClassA-1NotesMemberpflt:PennantParkCLO12LLCMember2025-04-012025-04-300001504619us-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. - Unfunded Revolver Acquisition 9/3/2024 Maturity 9/3/2030 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infolinks Media Buyco, LLC Acquisitions 2/22/2024 Maturity 11/2/2026 Industry Media Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619pflt:AdministratorMember2026-01-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GMP Hills, LP - Common Equity Acquisition 11/2/2023 Industry Distributors2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Medina Health, LLC Acquisition 11/06/2023 Maturity 10/20/2028 Industry Healthcare and Pharmaceuticals Current Coupon 9.95% Basis Point Spread Above Index SOFR+6252025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberpflt:LongTermCreditFacilityMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Unfunded Revolver Acquisition 2/22/2024 Maturity 04/09/2026 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. - Unfunded Revolver Acquisition 4/14/2021 Maturity 04/16/2027 Industry Internet Software and Services2026-03-310001504619First Lien Secured Debt Issuer Name EDS Buyer, LLC Acquisition 4/11/2023 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502026-03-310001504619First Lien Secured Debt Issuer Name DRS Holdings III, Inc. Acquisition 1/27/2021 Maturity 11/3/2025 Industry Consumer Goods: Durable Current Coupon 9.41% Basis Point Spread Above Index SOFR+5252025-09-300001504619Investments in Controlled, Affiliated Portfolio Companies Equity Interests PennantPark Senior Secured Loan Fund I LLC - Common Equity Acquisition 6/16/2017 Industry Financial Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC Acquisitions 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Term Loan Acquisition 11/20/2024 Maturity 11/20/2026 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 8.93% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seaway Topco, LP - Common Equity Acquisition 6/8/2022 Industry Chemicals, Plastics and Rubber2025-09-300001504619pflt:TruistCreditFacilityMemberpflt:SecuredOvernightFinancingRateMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name EvAL Home Care Solutions Intermediate, LLC Acquisition 7/10/2024 Maturity 5/10/2030 Industry Healthcare and Pharmaceuticals Current Coupon 9.42% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Peninsula Pacific Entertainment, LLC Acquisition 8/15/2025 Maturity 10/1/2032 Industry Gaming Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series H-2 Acquisition 12/7/2023 Industry Distributors2025-10-012026-03-310001504619pflt:SubordinateDebtMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carisk Parent, LP - Common Equity Acquisition 11/27/2023 Industry Healthcare Technology2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Harvest Group Topco Intermediate, LLC - Common Equity Acquisition 3/2/2026 Industry Media2026-03-310001504619First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Acquisition 11/19/2024 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.76% Basis Point Spread Above Index SOFR+5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Eval Home Care Solutions Intermediate, LLC - Unfunded Revolver Acquisition 5/10/2024 Maturity 5/10/2030 Industry Healthcare, Education and Childcare2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series H-2 Acquisition 12/7/2023 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC - Funded Revolver Acquisition 8/28/2024 Maturity 08/28/2029 Industry Healthcare Technology Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619srt:MinimumMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Athletico Holdings, LLC - Common Equity Acquisition 2/4/2022 Industry Healthcare Providers and Services2026-03-310001504619pflt:TwoThousandThirtySevenAssetBackedDebtMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001504619us-gaap:FairValueInputsLevel2Memberus-gaap:EquityMethodInvestmentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Term Loan Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name HW Holdco, LLC Acquisition 4/11/2023 Maturity 5/11/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index SOFR+5902024-10-012025-09-300001504619pflt:AtTheMarketOfferingMember2024-10-012025-03-310001504619us-gaap:MoneyMarketFundsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants IHS Parent Holdings, LP - Common Equity Acquisition 12/21/2022 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Megawatt Acquisition Partners, LLC - Preferred Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619pflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMembersrt:WeightedAverageMemberpflt:MeasurementInputMarketYieldMemberpflt:FirstLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Unfunded Term Loan Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hills Distribution, Inc. Acquisitions 11/2/2023 Maturity 11/8/2029 Industry Distributors Current Coupon 9.19% Basis Point Spread Above Index 1M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC. - Unfunded Term Loan B Acquisition 08/09/2024 Maturity 02/09/2026 Industry Professional Services2025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. Acquisitions 6/29/2023 Maturity 6/30/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.29% Basis Point Spread Above Index 3M SOFR+ 7612026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SBI Holdings Investments, LLC - Common Equity Acquisition 9/9/2025 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity 48Forty TopCo - Preferred Equity Acquisition 8/27/2025 Industry Containers and Packaging2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC - Unfunded Term Loan Acquisition 9/13/2024 Maturity 06/03/2027 Industry Business Services2026-03-310001504619us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:EquityMethodInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619pflt:JPMorganUSDollarLiquidityInstMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC - Funded Revolver Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 6002026-03-310001504619us-gaap:RevolvingCreditFacilityMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2025-11-300001504619First Lien Secured Debt Issuer Name Safe Haven Defense US, LLC Acquisition 9/19/2024 Maturity 5/23/2029 Industry Construction and Building Current Coupon 9.50% Basis Point Spread Above Index SOFR+5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC - Unfunded Term Loan Acquisition 9/13/2024 Maturity 10/02/2026 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC Acquisition 05/24/2023 Maturity 05/29/2029 Industry Diversified Consumer Services Current Coupon 9.16% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Funded Revolver Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 8.90% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 04/26/2024 Maturity 01/23/2029 Industry Media Current Coupon 10.20% Basis Point Spread Above Index SOFR+6502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PN Buyer, Inc. - Unfunded Revolver Acquisition 7/31/2025 Maturity 07/31/2031 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Tyto Athene, LLC Acquisition 5/5/2021 Maturity 4/3/2028 Industry IT Services Current Coupon 9.19% Basis Point Spread Above Index SOFR+4902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC Acquisition 12/23/2019 Maturity 7/7/2026 Industry Professional Services Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619srt:MaximumMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Revolver Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services2026-03-310001504619First Lien Secured Debt Issuer Name Hills Distribution, Inc. Acquisition 5/3/2024 Maturity 11/8/2029 Industry Business Services Current Coupon 9.21% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Municipal Emergency Services, Inc. Acquisition 4/11/2023 Maturity 10/1/2027 Industry Distributors Current Coupon 9.15% Basis Point Spread Above Index SOFR+5152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC Acquisitions 1/26/2024 Maturity 1/20/2031 Industry Metals and Mining Current Coupon 8.44% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lucky Bucks, LLC - First-Out Term Loan Acquisition 11/02/2023 Maturity 10/02/2028 Industry Hotels, Restaurants and Leisure Current Coupon 12.01% Basis Point Spread Above Index 1M SOFR+ 7652024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media Current Coupon 10.19% Basis Point Spread Above Index 3M SOFR+ 6192025-09-300001504619First Lien Secured Debt Issuer Name Boss Industries, LLC Acquisition 4/10/2025 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Third Out Term Loan Acquisition 8/27/2025 Maturity 01/14/2031 Industry Containers and Packaging Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandTwentySixNotesPayableMember2026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt PennantPark Senior Secured Loan Fund I, LLC Acquisition 8/10/2020 Maturity 05/07/2029 Industry Financial Services Current Coupon 12.29% Basis Point Spread Above Index 3M SOFR+ 8002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Funded Revolver Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 9.61% Basis Point Spread Above Index 1M SOFR+ 5952026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniVista Insurance - Common Equity Acquisition 10/29/2024 Industry Insurance2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class A Acquisition 7/25/2023 Industry Automobiles2026-03-310001504619Equity Securities Issuer Name 48Forty Intermediate Holdings, Inc. - Preferred Equity Acquisition 11/5/2024 Industry Containers and Packaging2026-03-310001504619First Lien Secured Debt Issuer Name Transgo, LLC Acquisition 01/19/2024 Maturity 12/29/2028 Industry Automotive Current Coupon 8.92% Basis Point Spread Above Index SOFR+5752026-03-310001504619First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 4/26/2024 Maturity 1/23/2029 Industry Media Current Coupon 10.52% Basis Point Spread Above Index SOFR+6502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Revolver Acquisition 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services2025-10-012026-03-310001504619pflt:EquityInterestsInPSSLMember2025-09-300001504619First Lien Secured Debt Issuer Name CJX Borrower, LLC Acquisition 7/29/2021 Maturity 7/13/2027 Industry Media Current Coupon 10.08% Basis Point Spread Above Index SOFR+5762025-09-300001504619First Lien Secured Debt Issuer Name BioDerm, Inc. Acquisition 2/28/2023 Maturity 1/31/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.77% Basis Point Spread Above Index SOFR+6502025-09-300001504619First Lien Secured Debt Issuer Name Transgo, LLC Acquisition 1/19/2024 Maturity 12/29/2028 Industry Automotive Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Fi Acquisition 11/18/2025 Maturity 9/30/2030 Industry Fi Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619pflt:OtherRelatedPartyMember2025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Unfunded Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NXOF Holdings, Inc. - Common Equity Acquisition 9/25/2018 Industry IT Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Impact Advisors, LLC Acquisition 1/27/2026 Maturity 3/32/2032 Industry Healthcare Technology Current Coupon 8.19% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge ETE Blocker, LLC - Common Equity Acquisition 5/24/2023 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC. - Unfunded Revolver Acquisition 12/19/2022 Maturity 01/10/2029 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt StoicLane, Inc. - Convertible Notes Acquisition 8/15/2024 Maturity 8/16/2027 Industry Healthcare Technology Current Coupon 12.00%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC - Unfunded Term Loan Acquisition 9/27/2024 Maturity 9/27/2030 Industry Diversified Consumer Services2025-10-012026-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Common Equity Acquisition 5/23/2024 Industry Government Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NEPRT Parent Holdings, LLC - Common Equity (7) Acquisition 1/27/2021 Industry Leisure Products2026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundTwoLLCMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Funded Revolver Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.02% Basis Point Spread Above Index 3M SOFR+ 6352025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Symplr Software, Inc. Acquisition 8/27/2025 Maturity 12/20/2027 Industry Software Current Coupon 8.91% Basis Point Spread Above Index 3M SOFR+ 4602025-09-300001504619pflt:ClassDSecuredDeferrableFloatingRateNotesMemberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Term Loan Acquisition 5/24/2023 Maturity 07/12/2026 Industry Personal Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC - Unfunded Revolver Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name PCS MIDCO, Inc. Acquisition 4/10/2025 Maturity 3/1/2030 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752025-09-300001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Unfunded Term Loan Acquisition 11/30/2026 Maturity 1/14/2031 Industry Containers and Packaging2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Revolver Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PlayPower, Inc. - Unfunded Revolver Acquisition 8/28/2024 Maturity 8/28/2030 Industry Leisure Products2024-10-012025-09-300001504619pflt:ClassCNotesMemberpflt:PennantParkCLO12LLCMember2025-04-300001504619pflt:AtTheMarketOfferingMember2025-01-012025-03-310001504619First Lien Secured Debt Issuer Name Emergency Care Partners, LLC Acquisition 11/18/2025 Maturity 10/27/2027 Industry Healthcare Providers & Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Unfunded Revolver Acquisitions 11/8/2021 Maturity 11/10/2026 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Urology Management Holdings, Inc. Acquisition 9/3/2024 Maturity 06/15/2027 Industry Healthcare Providers and Services Current Coupon 9.66% Basis Point Spread Above Index 1M SOFR+ 5502024-10-012025-09-300001504619pflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Rosco Parent, LLC Acquisition 11/19/2025 Maturity 08/29/2031 Industry Auto Components Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name EDS Buyer, LLC Acquisition 4/11/2023 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.75% Basis Point Spread Above Index SOFR+4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Wash & Wax Systems, LLC - Subordinate Debt Acquisition 4/30/2025 Maturity 07/30/2028 Industry Consumer Services Current Coupon 12.00%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TWD Parent Holdings, LLC - Preferred Equity Acquisition 8/25/2021 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC Acquisition 9/29/2025 Maturity 09/30/2031 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Revolver Acquisition 9/30/2024 Maturity 9/30/2030 Industry Marketing Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC Acquisition 4/11/2023 Maturity 6/14/2028 Industry Distributors Current Coupon 10.00% Basis Point Spread Above Index SOFR+6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP PAR Aggregator, LP - Common Equity Acquisition 9/3/2024 Industry Healthcare Technology2026-03-310001504619pflt:CommonEquityWarrantsMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001504619First Lien Secured Debt Issuer Name Spendmend Holdings, LLC Acquisition 04/11/2023 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 8.85% Basis Point Spread Above Index SOFR+5152026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OceanSound Discovery Equity, LP - Common Equity Acquisition 3/28/2024 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Incremental TL Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 9.61% Basis Point Spread Above Index 1M SOFR+ 5942025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMembersrt:MaximumMemberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC - Unfunded Term Loan Acquisition 1/26/2024 Maturity 01/20/2031 Industry Metals and Mining2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Connatix Parent, LLC - Common Equity Acquisition 7/8/2021 Industry Media2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name The Vertex Companies, LLC Acquisition 11/18/2025 Maturity 8/28/2028 Industry Construction and Engineering Current Coupon 8.77% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Symplr Software, Inc. Acquisition 8/27/2025 Maturity 12/20/2027 Industry Software Current Coupon 8.27% Basis Point Spread Above Index 3M SOFR+ 4602025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Archer Lewis, LLC Acquisition 11/18/2025 Maturity 8/29/2029 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Beta Plus Technologies, Inc. Acquisition 7/21/2022 Maturity 7/2/2029 Industry Business Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC - Funded Revolver Acquisition 7/31/2024 Maturity 07/31/2029 Industry IT Services Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Revolver Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC Acquisition 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Highwire Public Relations, LLC - Unfunded Term Loan Acquisitions 1/12/2026 Maturity 1/12/2028 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity KL Stockton Intermediate, LLC - Preferred Equity - Class C Acquisition 7/16/2021 Industry Energy Equipment and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC - Unfunded Revolver Acquisitions 11/23/2021 Maturity 9/22/2028 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Revolver Acquisition 06/13/2025 Maturity 06/13/2031 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC Acquisition 4/17/2025 Maturity 4/15/2033 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. - Unfunded Revolver Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 9.01% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Common Equity Acquisition 10/31/2024 Industry Government Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Recteq, LLC - Unfunded Revolver Acquisition 1/27/2021 Maturity 1/29/2026 Industry Leisure Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Funded Revolver Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.35% Basis Point Spread Above Index 3M SOFR+ 6352025-09-300001504619pflt:TwoThousandTwentySixNotesPayableMember2021-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Burgess Point Purchaser Corporation Acquisition 8/12/2024 Maturity 07/25/2029 Industry Auto Components Current Coupon 9.51% Basis Point Spread Above Index 3M SOFR+ 5352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. Acquisition 7/1/2025 Maturity 7/1/2031 Industry Business Services Current Coupon 9.25%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Unfunded Revolver Acquisition 2/7/2025 Maturity 8/7/2029 Industry Consumer products2026-03-310001504619First Lien Secured Debt Issuer Name North American Rail Solutions, LLC Acquisition 10/23/2025 Maturity 08/29/2031 Industry Road and Rail Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Term Loan Acquisition 6/13/2025 Maturity 6/13/2027 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Duggal Equity, LP - Common Equity Acquisition 9/30/2024 Industry Marketing Services2026-03-310001504619First Lien Secured Debt Issuer Name Inventus Power, Inc. Acquisition 07/11/2023 Maturity 06/30/2026 Industry Consumer Goods: Durable Current Coupon 11.29% Basis Point Spread Above Index SOFR+7612026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Funded Revolver Acquisition 12/23/2019 Maturity 07/07/2026 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 6202025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Unfunded Revolver Acquisition 12/23/2019 Maturity 7/7/2026 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC - Unfunded Term Loan Acquisition 10/31/2024 Maturity 11/2/2026 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Capital Construction, LLC Acquisition 6/30/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 10.20%2025-09-300001504619First Lien Secured Debt Issuer Name Beacon Behavioral Support Services, LLC Acquisition 10/9/2024 Maturity 6/21/2029 Industry Healthcare and Pharmaceuticals Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name NORA Acquisition, LLC Acquisition 10/2/2023 Maturity 8/31/2029 Industry Healthcare Providers and Services Current Coupon 10.35% Basis Point Spread Above Index SOFR+6352025-09-300001504619pflt:BusinessServicesMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC - Unfunded Revolver Acquisition 6/19/2019 Maturity 6/21/2027 Industry Healthcare Equipment and Supplies2025-09-300001504619First Lien Secured Debt Issuer Name Transgo, LLC Acquisition 11/18/2025 Maturity 12/28/2028 Industry Auto Components Current Coupon 8.92% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC Acquisition 1/9/2019 Maturity 05/11/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902025-09-300001504619pflt:ClassC1SecuredDeferrableFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMember2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants APT Holdings, LLC - Common Equity Acquisition 9/29/2025 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Safe Haven Defense Holdco, LLC - Common Equity Acquisition 1/16/2025 Industry Building Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Unfunded Common Equity Acquisition 12/23/2019 Industry Government Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Funded Revolver Acquisition 2/7/2025 Maturity 8/7/2029 Industry Consumer products Current Coupon 9.67% Basis Point Spread Above Index 1M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DX Electric Company, LLC Acquisition 10/1/2025 Maturity 10/1/2031 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.94% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619First Lien Secured Debt Issuer Name Transgo, LLC Acquisition 01/19/2024 Maturity 12/29/2028 Industry Automotive Current Coupon 8.92% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name DRS Holdings III, Inc. Acquisition 1/27/2021 Maturity 11/1/2028 Industry Consumer Goods: Durable Current Coupon 8.92% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class A Acquisition 11/8/2021 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SSC Dominion Holdings, LLC - Common Equity - Class B (US Dominion, Inc.) Acquisition 7/11/2018 Industry Capital Equipment2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity NORA Parent Holdings, LLC -Series A Preferred Equity Acquisition 1/27/2026 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ro Health Holdings, Inc. - Common Equity Acquisition 5/1/2020 Industry Healthcare Providers and Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Cornerstone Advisors of Arizona, LLC Acquisition 1/27/2026 Maturity 5/32/2032 Industry Professional Services Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+ 6252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity HPA SPQ Aggregator, LP - Preferred Equity Acquisition 6/8/2023 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC - Unfunded Revolver Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Funded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.77% Basis Point Spread Above Index 1M SOFR+ 6102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. Acquisition 2/21/2023 Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure Current Coupon 12.82% Basis Point Spread Above Index 3M SOFR+ 9152025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Unfunded Common Equity Acquisition 10/27/2021 Industry Media2025-09-300001504619pflt:GamingMember2026-03-310001504619Equity Securities Issuer Name Pragmatic Holdco, Inc. - Common Equity Acquisition 3/28/2025 Industry Education2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC Acquisition 9/30/2024 Maturity 09/30/2030 Industry Marketing Services Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Revolver Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Unfunded Revolver Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services2025-10-012026-03-310001504619pflt:ClassC2SecuredDeferrableFixedRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Funded Revolver Acquisition 12/23/2019 Maturity 7/7/2026 Industry Professional Services Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5202025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Arcfield Acquisition Corp. Acquisition 11/11/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Five Star Parent Holdings, LLC - Preferred (Class P) Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SV-Aero Holdings, LLC - Common Equity Acquisition 7/11/2018 Industry Aerospace and Defense2026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ITC Infusion Co-invest, LP - Common Equity Acquisition 2/16/2022 Industry Healthcare Equipment and Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Compex Legal Services, Inc. - Unfunded Revolver Acquisition 1/27/2020 Maturity 02/07/2026 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Unfunded Revolver Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC - Unfunded Revolver Acquisition 9/9/2025 Maturity 09/12/2031 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Unfunded Revolver Acquisition 05/24/2023 Maturity 05/25/2029 Industry Diversified Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity BioDerm Holdings, LP - Preferred Equity Acquisition 1/23/2030 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants A1 Garage Equity, LLC - Common Equity Acquisition 12/19/2022 Industry Commercial Services & Supplies2024-10-012025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-04-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Unfunded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MOREgroup Holdings, Inc. Acquisition 3/22/2024 Maturity 1/16/2030 Industry Business Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Funded Revolver Acquisition 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.42%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants By Light Investco LP - Common Equity Acquisition 5/15/2017 Industry High Tech Industries2025-09-300001504619First Lien Secured Debt Issuer Name Puget Collision, LLC Acquisition 11/19/2025 Maturity 10/03/2030 Industry Automobiles Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Pragmatic Holdco, Inc. - Common Equity Acquisition 3/28/2025 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TPC US Parent, LLC Acquisition 11/15/2019 Maturity 11/24/2025 Industry Food Products Current Coupon 10.19% Basis Point Spread Above Index 3M SOFR+ 5902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Funded Revolver Acquisition 8/25/2021 Maturity 08/31/2028 Industry Construction & Engineering Current Coupon 8.77% Basis Point Spread Above Index 1M SOFR+ 5102025-10-012026-03-310001504619First Lien Secured Debt Issuer Name SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/1/2030 Industry Aerospace and Defense Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC Acquisition 10/2/2023 Maturity 10/02/2028 Industry Professional Services Current Coupon 9.85% Basis Point Spread Above Index 3M SOFR+ 6252026-03-310001504619pflt:AllOtherIndustriesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Term Loan Acquisition 12/17/2024 Maturity 12/17/2026 Industry Software2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC Acquisition 4/11/2023 Maturity 6/14/2028 Industry Distributors Current Coupon 10.00% Basis Point Spread Above Index SOFR+6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity - Class AA Units Acquisition 12/4/2019 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC - Unfunded Revolver Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note #1 Acquisition 4/17/2025 Maturity 04/15/2030 Industry Consumer Services2026-03-310001504619First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. Acquisition 4/11/2023 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 10.16% Basis Point Spread Above Index SOFR+6002025-09-300001504619pflt:CommercialServicesAndSuppliesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants StellPen Holdings, LLC (CF512, Inc.) - Common Equity Acquisition 10/1/2025 Industry Media2026-03-310001504619First Lien Secured Debt Issuer Name Sabel Systems Technology Solutions, LLC Acquisition 11/11/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Ad.Net Holdings, Inc. - Preferred Equity Acquisition 5/4/2021 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Highwire Public Relations, LLC - Unfunded Revolver Acquisitions 1/12/2026 Maturity 1/12/2031 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carisk Parent, LP - Common Equity Acquisition 11/27/2023 Industry Healthcare Technology2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. - Funded Revolver Acquisitions 2/7/2022 Maturity 11/9/2026 Industry Leisure Products Current Coupon 11.35% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity Acquisition 6/27/2022 Industry Healthcare Providers and Services2025-09-300001504619pflt:ClassDNotesMember2025-11-012025-11-300001504619First Lien Secured Debt Issuer Name NORA Acquisition, LLC Acquisition 10/02/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.05% Basis Point Spread Above Index SOFR+6352025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants A1 Garage Equity, LLC - Common Equity Acquisition 12/19/2022 Industry Commercial Services & Supplies2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Recteq, LLC Acquisition 1/27/2021 Maturity 1/29/2026 Industry Leisure Products Current Coupon 10.40% Basis Point Spread Above Index 3M SOFR+ 6402024-10-012025-09-300001504619pflt:SecondLienSecuredDebtMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Revolver Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Beta Plus Technologies, Inc. Acquisition 7/21/2022 Maturity 7/2/2029 Industry Business Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752025-09-300001504619pflt:ClassA2NotesMemberpflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-02-280001504619First Lien Secured Debt Issuer Name MBS Holdings, Inc. Acquisition 06/08/2021 Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 8.77% Basis Point Spread Above Index SOFR+5102026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies Equity InterestsPennantPark Senior Secured Loan Fund II LLC - Common Equity Acquisition 11/18/2025 Industry Financial Services2026-03-310001504619First Lien Secured Debt Issuer Name Ad.net Acquisition, LLC Acquisition 5/24/2021 Maturity 5/7/2026 Industry Media Current Coupon 9.96% Basis Point Spread Above Index SOFR+6262025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberpflt:SecondLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Term Loan Acquisition 10/2/2023 Maturity 04/21/2027 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Meadowlark Title, LLC - Common Equity Acquisition 12/9/2021 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services Current Coupon 9.89% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberus-gaap:MeasurementInputRevenueMultipleMemberpflt:FirstLienMember2025-09-300001504619First Lien Secured Debt Issuer Name IG Investments Holdings, LLC Acquisition 2/11/2026 Maturity 9/28/2028 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP - Unfunded Common Equity Acquisition 8/16/2024 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. Acquisition 6/8/2023 Maturity 6/15/2029 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC - Unfunded Revolver Acquisition 5/23/2024 Maturity 5/23/2029 Industry Building Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC - Unfunded Revolver Maturity 08/19/2026 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Burgess Point Holdings, LP - Common Equity Acquisition 7/21/2022 Industry Auto Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - New Money DIP Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale Current Coupon 10.00%2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Watchtower Buyer, LLC Acquisition 4/20/2029 Maturity 2/3/2029 Industry Diversified Consumer Services Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Term Loan Acquisition 12/29/2023 Maturity 09/30/2026 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products2025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC - Unfunded Revolver 7/31/2024 Maturity 07/31/2029 Industry IT Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC– Funded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 11.75% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC - Unfunded Term Loan Acquisition 8/28/2024 Maturity 08/28/2026 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC - Unfunded Revolver Acquisition 11/23/2021 Maturity 09/22/2028 Industry Professional Services2025-09-300001504619pflt:FoodProductsMember2025-09-300001504619pflt:AllOtherIndustriesMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Unfunded Revolver Acquisition 6/8/2023 Maturity 6/15/2029 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Municipal Emergency Services, Inc. - Common Equity Acquisition 9/28/2021 Industry Distributors2025-09-300001504619First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Acquisition 1/12/2024 Maturity 10/2/2028 Industry Business Services Current Coupon 10.42% Basis Point Spread Above Index SOFR+6252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beta Plus Technologies, Inc. Acquisition 2/29/2024 Maturity 07/02/2029 Industry Internet Software and Services Current Coupon 9.75% Basis Point Spread Above Index 1M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Funded Revolver Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media Current Coupon 10.18% Basis Point Spread Above Index 3M SOFR+ 6022025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassCNotesMember2025-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ad.Net Holdings, Inc. - Common Equity Acquisition 5/4/2021 Industry Media2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. Acquisition 10/29/2019 Maturity 11/03/2025 Industry Chemicals, Plastics and Rubber Current Coupon 9.41% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - First-out Term Loan Acquisition 11/30/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.71% Basis Point Spread Above Index 3M SOFR+ 8432024-10-012025-09-300001504619pflt:CashEquivalentsFivePointThreePercentOfNetAssetsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, Inc - Unfunded Term Loan Acquisition 8/4/2025 Maturity 04/14/2028 Industry Marketing Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt StoicLane, Inc. - Unfunded Convertible Notes Acquisition 8/15/2024 Maturity 8/16/2027 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC - Unfunded Revolver Acquisition 7/22/2021 Maturity 7/28/2026 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Transgo, LLC Acquisition 11/18/2025 Maturity 12/28/2028 Industry Auto Components Current Coupon 8.92% Basis Point Spread Above Index SOFR+5252026-03-310001504619pflt:TwoThousandTwentyNineNotesPayableMember2026-03-310001504619pflt:TwoThousandAndTwentyNineNotesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Loving Tan, LP - Common Equity Acquisition 5/25/2023 Industry Personal Products2025-09-300001504619First Lien Secured Debt Issuer Name Harris & Co, LLC Acquisition 11/26/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619pflt:MetalsAndMiningMember2025-09-300001504619First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated Acquisition 03/03/2025 Maturity 12/17/2030 Industry Software Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NFS - CFP Holdings LLC - Common Equity Acquisition 9/13/2024 Industry Commercial Services & Supplies2026-03-310001504619pflt:TwoThousandThirtySevenAssetBackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Unfunded Revolver Acquisition 11/30/2026 Maturity 12/29/2030 Industry Containers and Packaging2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Emergency Care Partners, LLC Acquisition 11/11/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HEC Purchaser Corp. Acquisition 6/17/2024 Maturity 06/17/2029 Industry Healthcare, Education and Childcare Current Coupon 8.87% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Medina Health, LLC - Common Equity Acquisition 10/16/2023 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Unfunded Revolver Acquisitions 11/8/2021 Maturity 11/10/2026 Industry Personal Products2025-10-012026-03-310001504619pflt:BlackrockLiquidityFedFundInstMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NEPRT Parent Holdings, LLC - Common Equity Acquisition 1/27/2021 Industry Leisure Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Paving Parent, LLC - Common Equity Acquisition 7/1/2025 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC Acquisition 10/2/2023 Maturity 10/2/2028 Industry Professional Services Current Coupon 10.42% Basis Point Spread Above Index 3M SOFR+ 6252024-10-012025-09-300001504619pflt:TotalInvestmentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Revolver Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. - Funded Revolver Acquisition 1/30/2023 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.77% Basis Point Spread Above Index 1M SOFR+ 6502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC Acquisitions 8/16/2021 Maturity 9/17/2027 Industry Personal Products Current Coupon 8.77% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 5102026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - First Out New Money Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 12.57% Basis Point Spread Above Index 1M SOFR+ 8352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals2025-09-300001504619pflt:InvestmentsCashEquivalentsAndCashMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Accounting Platform Holdings, Inc. - Preferred Equity - Series A Acquisition 8/9/2024 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Funded Revolver Acquisition 8/16/2021 Maturity 08/16/2026 Industry Personal Products Current Coupon 12.16% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 7852024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC - Unfunded Revolver Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel1Member2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandTwentySixNotesPayableMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Unfunded Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Common Equity Acquisition 10/27/2021 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. Acquisition 8/27/2025 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.77% Basis Point Spread Above Index 1M SOFR+ 6502025-09-300001504619First Lien Secured Debt Issuer Name Beacon Behavioral Support Services, LLC Acquisition 10/9/2024 Maturity 6/21/2029 Industry Healthcare and Pharmaceuticals Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 8.85% Basis Point Spread Above Index 3M SOFR+ 5152026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Funded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP Embedded Aggregator, LP - Common Equity Acquisition 12/11/2023 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Unfunded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Unfunded Revolver Acquisition 8/17/2021 Maturity 09/01/2026 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TPC Holding Company, LP - Preferred Equity Acquisition 12/4/2019 Industry Food Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Help/Systems Holdings, Inc. Acquisition 8/27/2025 Maturity 11/30/2026 Industry Software Current Coupon 8.41% Basis Point Spread Above Index 3M SOFR+ 4102024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Revolver Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2025-09-300001504619pflt:ClassDNotesMember2025-11-012025-11-300001504619pflt:ManufacturingBasicIndustryMember2026-03-310001504619pflt:SubordinateDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Funded Revolver Acquisition 8/15/2024 Maturity 08/15/2029 Industry Diversified Consumer Services Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassA2SeniorSecuredFixedRateNotesDue2036Memberpflt:SecuredOvernightFinancingRateMember2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. Acquisitions 5/24/2023 Maturity 5/31/2028 Industry Personal Products Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619First Lien Secured Debt Issuer Name Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Diversified Consumer Services Current Coupon 9.96% Basis Point Spread Above Index SOFR+5762025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Term Loan Acquisition 11/20/2024 Maturity 11/20/2026 Industry Business Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. Acquisition 4/11/2023 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 10.16% Basis Point Spread Above Index SOFR+6002024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Acquisition 11/18/2025 Maturity 10/28/2028 Industry Professional Services Current Coupon 9.99% Basis Point Spread Above Index SOFR+6252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class B Acquisition 7/25/2023 Industry Automobiles2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Quad (U.S.) Co-Invest, LP - Common Equity Acquisition 10/3/2022 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name Tyto Athene, LLC Acquisition 11/18/2025 Maturity 4/28/2028 Industry IT Services Current Coupon 8.56% Basis Point Spread Above Index SOFR+4902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Revolver Acquisition 8/9/2021 Maturity 8/10/2027 Industry Trading Companies & Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Funded Revolver Acquisition 10/24/2019 Maturity 10/24/2025 Industry Professional Services Current Coupon 12.76% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+8602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SV-Aero Holdings, LLC - Common Equity Acquisition 7/11/2018 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Meadowlark Title, LLC - Common Equity Acquisition 12/9/2021 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harvest Group Topco Buyer, LLC - Unfunded Revolver Acquisitions 3/2/2026 Maturity 3/2/2032 Industry2026-03-310001504619First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC Acquisition 4/11/2025 Maturity 2/7/2030 Industry Media: Advertising, Printing & Publishing Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OES Co-Invest, LP - Common Equity - Class A Acquisition 5/31/2024 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Ad.Net Holdings, Inc. - Preferred Equity Acquisition 5/4/2021 Industry Media2025-10-012026-03-310001504619Equity Securities Issuer Name Wash & Wax Group, LP - Common Equity Acquisition 4/30/2025 Industry Automobiles2025-09-300001504619First Lien Secured Debt Issuer Name Carisk Buyer, Inc. Acquisition 10/16/2024 Maturity 12/3/2029 Industry Healthcare Technology Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Medina Health, LLC - Common Equity Acquisition 10/16/2023 Industry Healthcare Providers and Services2025-09-300001504619pflt:SecondLienSecuredDebtMembersrt:MaximumMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Funded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 10.43% Basis Point Spread Above Index 1M SOFR+ 6102025-09-300001504619First Lien Secured Debt Issuer Name Smile Brands, Inc. Acquisition 01/27/2021 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.77% Basis Point Spread Above Index SOFR+6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC Acquisition 9/30/2024 Maturity 9/30/2030 Industry Marketing Services Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Highwire Public Relations, LLC Acquisition 1/28/2026 Maturity 1/31/2031 Industry Professional Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619First Lien Secured Debt Issuer Name Imagine Acquisitionco, Inc. Acquisition 3/15/2022 Maturity 11/15/2027 Industry Software Current Coupon 8.75% Basis Point Spread Above Index SOFR+5102026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pink Lilly Holdco, LLC - Unfunded Revolver Acquisition 11/5/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods2025-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2025-10-012026-03-310001504619pflt:CashAndCashEquivalentMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carnegie HoldCo, LLC Acquisition 2/7/2024 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.65% Basis Point Spread Above Index 3M SOFR+ 5652025-09-300001504619First Lien Secured Debt Issuer Name Highwire Public Relations, LLC Acquisition 1/28/2026 Maturity 1/31/2031 Industry Professional Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Revolver Acquisition 7/1/2025 Maturity 07/01/2031 Industry Business Services2025-10-012026-03-310001504619pflt:JPMorganUSDollarLiquidityInstMember2026-03-310001504619us-gaap:FairValueInputsLevel3Member2025-09-300001504619First Lien Secured Debt Issuer Name Beta Plus Technologies, Inc. Acquisition 7/21/2022 Maturity 7/2/2029 Industry Business Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619us-gaap:InvestmentUnaffiliatedIssuerMember2025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Funded Revolver Acquisitions 3/21/2025 Maturity 3/19/2032 Industry Business Services Current Coupon 10.25%2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. Acquisition 11/18/2025 Maturity 6/29/2029 Industry Healthcare Providers & Services Current Coupon 8.66% Basis Point Spread Above Index SOFR+5002026-03-310001504619pflt:ClassBRNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series F-2 Acquisition 12/7/2023 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Symplr Software, Inc. Acquisition 8/27/2025 Maturity 12/20/2027 Industry Software Current Coupon 8.91% Basis Point Spread Above Index 3M SOFR+ 4602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Funded Revolver Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media Current Coupon 9.25%2024-10-012025-09-300001504619pflt:TwoThousandThirtySevenAsset-BackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services2025-09-300001504619First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Acquisition 6/12/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carnegie HoldCo, LLC Acquisition 2/7/2024 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC Acquisition 8/12/2025 Maturity 01/21/2031 Industry Healthcare Providers and Services Current Coupon 9.48% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class A Acquisition 7/25/2023 Industry Automobiles2025-09-300001504619First Lien Secured Debt Issuer Name Duggal Acquisition, LLC Acquisition 4/10/2025 Maturity 9/30/2030 Industry Marketing Services Current Coupon 8.75% Basis Point Spread Above Index SOFR+4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. - Unfunded Term Loan Acquisition 7/31/2025 Maturity 7/31/2027 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Funded Revolver Acquisitions 8/16/2021 Maturity 8/16/2026 Industry Personal Products Current Coupon 8.77% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 5102026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC Acquisition 1/16/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Funded Revolver Acquisition 08/09/2024 Maturity 08/09/2030 Industry Professional Services Current Coupon 9.16% Basis Point Spread Above Index 1M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC - Unfunded Revolver Acquisition 8/16/2021 Maturity 08/19/2026 Industry Healthcare Equipment and Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Insight Holdings, Inc. Acquisition 7/15/2024 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MAG DS Corp. Acquisition 9/21/2020 Maturity 04/01/2027 Industry Aerospace and Defense Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5602026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Unfunded Revolver Acquisitions 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Duggal Acquisition, LLC Acquisition 4/10/2025 Maturity 9/30/2030 Industry Marketing Services Current Coupon 8.75% Basis Point Spread Above Index SOFR+4752024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Diversified Consumer Services Current Coupon 9.41% Basis Point Spread Above Index SOFR+5762025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. - Unfunded Revolver Acquisition 7/31/2025 Maturity 7/31/2031 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo II, LP - Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Crane 1 Acquisition Parent Holdings, LP - Common Equity Acquisition 8/11/2021 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. Acquisitions 10/24/2019 Maturity 10/24/2025 Industry Professional Services Current Coupon 12.76% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+ 8602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media Current Coupon 9.56%2025-09-300001504619pflt:AdministratorMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name PN Buyer, Inc. Acquisition 1/9/2026 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Connatix Parent, LLC Acquisition 7/8/2021 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity HPA SPQ Aggregator, LP - Preferred Equity Acquisition 6/8/2023 Industry Professional Services2025-09-300001504619pflt:EquityInterestsInPSSLIIMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Unfunded Revolver Acquisitions 8/16/2021 Maturity 8/16/2026 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Term Loan - 3rd Amendment Acquisition 6/21/2024 Maturity 06/21/2027 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Crane 1 Acquisition Parent Holdings, LP - Common Equity Acquisition 8/11/2021 Industry Commercial Services & Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 10.26% Basis Point Spread Above Index 3M SOFR+ 6262025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Unfunded Common Equity Acquisition 11/5/2018 Industry Software2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC Acquisition 5/24/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies Equity Interests PennantPark Senior Secured Loan Fund I LLC - Common Equity Acquisition 8/10/2020 Industry Financial Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC - Unfunded Term Loan Acquisition 8/28/2024 Maturity 08/28/2026 Industry Healthcare Technology2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MAG DS Corp. Acquisition 9/21/2020 Maturity 4/01/2027 Industry Aerospace and Defense Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+ 5602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carisk Parent, LP - Common Equity Acquisition 11/27/2023 Industry Healthcare Technology2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Real Life Intermediate, LLC - Common Equity Acquisition 1/26/2026 Industry Real Estate Management and Development2026-03-310001504619pflt:HighTechIndustriesMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Funded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.44% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class C Acquisition 5/3/2024 Industry Leisure Products2025-10-012026-03-310001504619pflt:AerospaceAndDefenseMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Wash & Wax Group, LP - Common Equity Acquisition 1/13/2015 Industry Consumer Services2026-03-310001504619srt:AffiliatedEntityMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PN Buyer, Inc. - Common Equity Acquisition 7/31/2025 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC - Unfunded Revolver Acquisition 03/10/2022 Maturity 03/15/2027 Industry Software2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Falcon Buyer, LLC - Unfunded Revolver Acquisition 7/26/2023 Maturity 08/01/2029 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Global Holdings InterCo, LLC Acquisition 3/11/2021 Maturity 9/16/2027 Industry Diversified Financial Services Current Coupon 9.27% Basis Point Spread Above Index 1M SOFR+ 5602026-03-310001504619First Lien Secured Debt Issuer Name Spendmend Holdings, LLC Acquisition 4/11/2023 Maturity 3/1/2028 Industry Healthcare Technology Current Coupon 9.15% Basis Point Spread Above Index SOFR+5152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Common Equity Acquisition 10/27/2021 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Term Loan Acquisition 9/29/2025 Maturity 09/30/2027 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 10.26% Basis Point Spread Above Index 3M SOFR+ 6262024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC Acquisitions 3/21/2025 Maturity 3/19/2032 Industry Business Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502026-03-3100015046192025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies Current Coupon 9.04% Basis Point Spread Above Index 3M SOFR+ 5362026-03-310001504619Equity Securities Issuer Name Output Services Group, Inc. - Common Equity Acquisition 12/1/2023 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Unfunded Revolver Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Altamira Parent Holdings, LLC - Common Equity Acquisition 7/23/2019 Industry IT Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC – Unfunded Revolver Acquisition 09/27/2024 Maturity 09/27/2030 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC - Unfunded Revolver Acquisition 04/10/2025 Maturity 04/10/2031 Industry Automobiles2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants EDS Topco, LP - Common Equity Acquisition 12/19/2022 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619srt:MinimumMemberpflt:IncentiveFeePaymentConditionTwoMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Term Loan Acquisition 7/1/2025 Maturity 7/1/2027 Industry Business Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name One Stop Mailing, LLC Acquisition 07/08/2021 Maturity 05/07/2027 Industry Air Freight and Logistics Current Coupon 10.03% Basis Point Spread Above Index SOFR+6362026-03-310001504619pflt:OtherRelatedPartyMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Watchtower Buyer, LLC Acquisition 5/20/2024 Maturity 12/3/2029 Industry Diversified Consumer Services Current Coupon 10.00% Basis Point Spread Above Index SOFR+6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants APT Holdings, LLC - Common Equity Acquisition 9/29/2025 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC Acquisition 5/24/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Crane 1 Services, Inc. Acquisition 11/18/2025 Maturity 8/27/2027 Industry Commercial Services & Supplies Current Coupon 9.53% Basis Point Spread Above Index SOFR+5862026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Term Loan Acquisition 8/15/2024 Maturity 08/17/2026 Industry Diversified Consumer Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name The Vertex Companies, LLC Acquisition 04/11/2023 Maturity 08/31/2028 Industry Construction and Engineering Current Coupon 8.68% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Unfunded Revolver Acquisition 6/8/2023 Maturity 6/15/2029 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name Global Holdings InterCo, LLC Acquisition 6/8/2021 Maturity 3/16/2026 Industry Diversified Financial Services Current Coupon 9.74% Basis Point Spread Above Index SOFR+5602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. - Funded Revolver Acquisition 2/07/2022 Maturity 11/09/2026 Industry Leisure Products Current Coupon 11.65% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652024-10-012025-09-300001504619pflt:ControlledAffiliatedInvestmentsMember2024-09-300001504619First Lien Secured Debt Issuer Name HEC Purchaser Corp. Acquisition 11/18/2025 Maturity 6/29/2029 Industry Health Care Equipment & supplies Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Term Loan Acquisitions 12/21/2022 Maturity 10/30/2026 Industry Commercial Services & Supplies2025-10-012026-03-310001504619pflt:EquityInterestsInPSSLMember2026-03-310001504619pflt:MetalsAndMiningMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Knexus Holdco, LLC - Common Equity Acquisition 1/14/2026 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Unfunded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services2025-09-300001504619First Lien Secured Debt Issuer Name Ro Health, LLC Acquisition 3/3/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services Current Coupon 8.50% Basis Point Spread Above Index SOFR+4502024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Unfunded Common Equity Acquisition 10/27/2021 Industry Media2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - First Out New Money Term Loans Acquisition 10/24/2024 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 12.57% Basis Point Spread Above Index SOFR+8352025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/1/2030 Industry Aerospace and Defense2026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMemberpflt:JPMorganUSGovernmentFundMember2026-03-310001504619First Lien Secured Debt Issuer Name Highwire Public Relations, LLC Acquisition 1/12/2026 Maturity 1/12/2031 Industry Professional Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Schlesinger Global, LLC - Promissory Note Acquisition 2/21/2024 Maturity 09/30/2027 Industry Professional Services Current Coupon 12.56% Basis Point Spread Above Index 3M SOFR+ 8602025-10-012026-03-310001504619pflt:AirFreightAndLogisticsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carnegie HoldCo, LLC Acquisition 2/7/2024 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC - Unfunded Term Loan Acquisition 10/31/2024 Maturity 11/2/2026 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC - Unfunded Term Loan Acquisition 8/12/2025 Maturity 07/30/2027 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Funded Revolver Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 8.90% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Subordinate Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 7/30/2028 Industry Automobiles Current Coupon 12.00%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. Acquisition 3/1/2024 Maturity 3/1/2030 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Member2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MAG DS Corp. Acquisition 9/21/2020 Maturity 04/01/2027 Industry Aerospace and Defense Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5602025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class D Acquisition 5/3/2024 Industry Leisure Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC - Unfunded Revolver 7/31/2024 Maturity 07/31/2029 Industry IT Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name DRI Holding Inc. Acquisition 9/15/2022 Maturity 12/21/2028 Industry Media Current Coupon 9.02% Basis Point Spread Above Index SOFR+5352025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. Acquisition 7/1/2025 Maturity 7/1/2031 Industry Business Services Current Coupon 9.25%2024-10-012025-09-300001504619pflt:ClassLoansA-RMemberpflt:PennantParkCLOVILLCMember2025-05-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC - Unfunded Revolver Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. Acquisition 4/7/2025 Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+ 5102025-09-300001504619pflt:ClassA1LBFloatingRateMemberpflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-02-280001504619First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated Acquisition 3/3/2025 Maturity 12/17/2030 Industry Software Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619pflt:ClassB1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC Acquisition 5/3/2024 Maturity 5/3/2029 Industry Leisure Products Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class C Acquisition 5/3/2024 Industry Leisure Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Term Loan Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. - Unfunded Revolver Acquisition 10/29/2019 Maturity 11/1/2028 Industry Personal Products2026-03-310001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2025-10-012026-03-310001504619pflt:AirFreightAndLogisticsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Ad.Net Holdings, Inc. - Preferred Equity Acquisition 5/4/2021 Industry Media2026-03-310001504619First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Acquisition 6/12/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMemberpflt:FirstLienMember2025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. - Funded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC Acquisition 1/16/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Schlesinger Coinvest, LLC - Common Equity Acquisition 4/22/2020 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lucky Bucks, LLC - Last-Out Term Loan Acquisition 11/02/2023 Maturity 10/02/2029 Industry Hotels, Restaurants and Leisure Current Coupon 12.01% Basis Point Spread Above Index 1M SOFR+ 7652024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class AA Acquisition 11/8/2021 Industry Personal Products2025-09-300001504619pflt:HealthcareEducationAndChildcareMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Help/Systems Holdings, Inc. Acquisitions 8/27/2025 Maturity 11/30/2026 Industry Software Current Coupon 9.76% Basis Point Spread Above Index 3M SOFR+ 6102026-03-310001504619pflt:TwoThousandThirtySixAssetBackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC - Unfunded Term Loan Acquisitions 1/26/2024 Maturity 1/20/2031 Industry Metals and Mining2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC – Unfunded Revolver Acquisition 9/27/2024 Maturity 9/27/2030 Industry Diversified Consumer Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name PCS MIDCO, Inc. Acquisition 04/10/2025 Maturity 03/01/2030 Industry Diversified Consumer Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619pflt:GamingMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note #2 Acquisition 4/17/2025 Maturity 04/15/2033 Industry Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC - Unfunded Revolver Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Azureon Holdings, LLC Acquisition 6/26/2024 Industry Diversified Consumer Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name PD Tri-State Holdco, LLC. Acquisition 11/18/2025 Maturity 10/30/2030 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. - Unfunded Revolver Acquisition 2/21/2023 Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. - Funded Revolver Acquisition 1/30/2023 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.17% Basis Point Spread Above Index 1M SOFR+ 6502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619pflt:TwoThousandTwentyNineNotesPayableMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC - Unfunded Revolver Acquisition 9/9/2025 Maturity 9/12/2031 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Funded Revolver Acquisition 12/23/2019 Maturity 07/07/2026 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 6202026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Imagine Acquisitionco, Inc. - Unfunded Revolver Acquisition 11/4/2021 Maturity 11/16/2027 Industry Software2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants 48Forty TopCo LLC - Class A-1 Common Equity Acquisition 8/27/2025 Industry Containers and Packaging2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name The Vertex Companies, LLC Acquisition 4/11/2023 Maturity 8/31/2028 Industry Construction and Engineering Current Coupon 8.93% Basis Point Spread Above Index SOFR+4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.02% Basis Point Spread Above Index 3M SOFR+ 6352026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II Acquisition 8/27/2025 Maturity 08/09/2025 Industry Containers and Packaging2025-09-300001504619pflt:TwoThousandAndThirtyEightRAssetBackedDebtMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMember2026-02-280001504619vInvestments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Funded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 10.26% Basis Point Spread Above Index 3M SOFR+ 6262024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. - Unfunded Revolver Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering2025-09-300001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - First Out New Money Term Loans Acquisition 10/24/2024 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 12.57% Basis Point Spread Above Index SOFR+8352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC Acquisition 8/29/2025 Maturity 08/19/2026 Industry Healthcare Equipment and Supplies Current Coupon 10.12% Basis Point Spread Above Index 1M SOFR+ 5852025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC– Funded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 11.75% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OceanSound Discovery Equity, LP - Common Equity Acquisition 3/28/2024 Industry Aerospace and Defense2024-10-012025-09-300001504619pflt:BuildingProductsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC - Unfunded Revolver Acquisition 03/10/2022 Maturity 03/15/2027 Industry Software2025-09-300001504619pflt:TruistCreditFacilityMember2025-04-012025-04-300001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC - Integrative Nutrition, LLC - Promissory Note #2 Acquisition 4/17/2025 Maturity 4/15/2033 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PCS Parent, LP Acquisition 3/1/2024 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seaway Topco, LP - Common Equity Acquisition 10/31/2024 Industry Chemicals, Plastics and Rubber2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Unfunded Revolver Acquisition 8/25/2021 Maturity 08/31/2028 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+ 5652025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Business Services Current Coupon 9.41% Basis Point Spread Above Index 3M SOFR+ 5762026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniTek Global Services, Inc. - Common Equity Acquisition 8/25/2021 Industry Telecommunications2026-03-310001504619First Lien Secured Debt Issuer Name Case Works, LLC Acquisition 4/10/2025 Maturity 10/1/2029 Industry Professional Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Loving Tan, LP - Common Equity Acquisition 12/4/2019 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Unfunded Revolver Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/2/2028 Industry Professional Services2024-10-012025-09-300001504619pflt:TwoThousandTwentySixNotesPayableMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity BioDerm Holdings, LP - Preferred Equity Acquisition 1/30/2023 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. Acquisition 8/27/2025 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.17% Basis Point Spread Above Index 1M SOFR+ 6502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Municipal Emergency Services, Inc. - Common Equity Acquisition 9/28/2021 Industry Distributors2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Acquisition 11/19/2024 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Equity Securities Issuer Name New Insight Holdings, Inc. - Common Equity Acquisition 7/15/2024 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. Acquisition 12/19/2024 Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pragmatic Institute, LLC Acquisition 3/28/2025 Maturity 03/28/2030 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PLB Brands LLC - Common Equity Acquisition 3/25/2026 Industry Textiles, Apparel and Luxury Goods2026-03-310001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandThirtySixRAssetBackedDebtMember2025-09-300001504619pflt:PersonalProductsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. - Unfunded Revolver Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt OSP Embedded Purchaser, LP - Convertible Note Acquisition 11/6/2024 Maturity 05/8/2030 Industry Aerospace and Defense Current Coupon 12.00%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series K-2 Acquisition 12/7/2023 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC - Funded Revolver Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants APT Holdings, LLC - Common Equity Acquisition 9/29/2025 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC Acquisitions 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Funded Revolver Acquisition 5/24/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC Acquisition 8/15/2024 Maturity 08/15/2029 Industry Diversified Consumer Services Current Coupon 8.94% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619pflt:RTwoThousandAndThirtySixAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC - Funded Revolver Acquisition 5/23/2024 Maturity 05/23/2029 Industry Building Products Current Coupon 11.25% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Unfunded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC - Unfunded Revolver Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries2026-03-310001504619pflt:TwoThousandAndThirtySixRAssetBackedDebtMember2024-10-012025-03-310001504619vInvestments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Funded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 10.26% Basis Point Spread Above Index 3M SOFR+ 6262025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Term Loan C Acquisition 08/09/2024 Maturity 08/18/2027 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Funded Revolver Acquisitions 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.25% Basis Point Spread Above Index 1M SOFR+ 5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Capital Construction, LLC Acquisition 8/28/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 9.89% Basis Point Spread Above Index SOFR+5902025-09-300001504619First Lien Secured Debt Issuer Name Sath Industries, LLC Acquisition 4/10/2025 Maturity 12/17/2029 Industry Event Services Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Acquisition 10/6/2023 Maturity 10/2/2029 Industry Business Services Current Coupon 8.66% Basis Point Spread Above Index SOFR+5002026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Real Life Intermediate Holdings LLC - Unfunded Revolver Acquisition 1/16/2026 Maturity 01/16/2031 Industry Real Estate Management and Development2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Funded Revolver Acquisition 10/24/2019 Maturity 03/31/2027 Industry Professional Services Current Coupon 9.82% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+ 6102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services Current Coupon 8.91% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Business Services Current Coupon 9.41% Basis Point Spread Above Index 3M SOFR+ 5762025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Medina Health, LLC Acquisition 11/6/2023 Maturity 10/20/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.25% Basis Point Spread Above Index SOFR+6252024-10-012025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassA1NotesMemberpflt:SecuredOvernightFinancingRateMember2025-02-012025-02-280001504619First Lien Secured Debt Issuer Name MES Intermediate, Inc. Acquisition 11/18/2025 Maturity 10/27/2027 Industry Distributors Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619pflt:DistributorsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Super Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Current Coupon 20.00%2025-10-012026-03-310001504619Equity Securities Issuer Name 48Forty Intermediate Holdings, Inc. - Common Equity Acquisition 11/5/2024 Industry Containers and Packaging2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC. - Funded Revolver Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services Current Coupon 11.25%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HEC Purchaser Corp. Acquisitions 7/25/2024 Maturity 6/17/2029 Industry Healthcare, Education and Childcare Current Coupon 8.70% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2024-10-012025-03-310001504619pflt:ProfessionalServicesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 10.43% (PIK 1.50%) Basis Point Spread Above Index 1M SOFR+ 6102024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. - Unfunded Term Loan Acquisition 1/9/2024 Maturity 01/16/2026 Industry Construction & Engineering2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - First-Out Term Loan Acquisition 12/01/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.16% Basis Point Spread Above Index SOFR+8422026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRI Holding Inc. Acquisition 5/3/2024 Maturity 12/21/2028 Industry Media Current Coupon 9.51% Basis Point Spread Above Index 1M SOFR+ 5552025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media2024-10-012025-09-300001504619pflt:BlackRockFederalFDInstitutionalEightyOneMember2025-09-300001504619First Lien Secured Debt Issuer Name Rosco Parent, LLC Acquisition 11/19/2025 Maturity 08/29/2031 Industry Auto Components Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619pflt:IncentiveFeePaymentConditionTwoMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies Current Coupon 10.03% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Unfunded Revolver Acquisition 8/27/2025 Maturity 12/29/2030 Industry Containers and Packaging2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Funded Revolver Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 9.61% Basis Point Spread Above Index 1M SOFR+ 5952025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2025-09-300001504619First Lien Secured Debt Issuer Name Crane 1 Services, Inc. Acquisition 4/11/2023 Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 9.53% Basis Point Spread Above Index SOFR+5362025-10-012026-03-310001504619First Lien Secured Debt Issuer Name RRA Corporate, LLC Acquisition 4/10/2025 Maturity 8/15/2029 Industry Diversified Consumer Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name MOREgroup Holdings, Inc. Acquisition 03/22/2024 Maturity 01/16/2030 Industry Business Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Hancock Claims Consultants Investors, LLC - Preferred Equity Acquisition 12/23/2020 Industry Insurance2026-03-310001504619First Lien Secured Debt Issuer Name Safe Haven Defense US, LLC Acquisition 9/19/2024 Maturity 5/23/2029 Industry Construction and Building Current Coupon 9.50% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Medina Health, LLC - Common Equity Acquisition 10/16/2023 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants By Light Investco LP - Common Equity Acquisition 5/15/2017 Industry High Tech Industries2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Emergency Care Partners, LLC Acquisition 11/11/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Term Loan Acquisition 06/13/2025 Maturity 06/13/2027 Industry Healthcare Providers and Services2025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassDNotesMember2025-02-280001504619pflt:TwoThousandThirtySixRAssetBackedDebtMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC - Unfunded Revolver Acquisition 5/23/2024 Maturity 5/23/2029 Industry Building Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Rosco Topco, LLC - Common Equity Acquisition 12/16/2020 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Compex Legal Services, Inc. Acquisition 1/27/2020 Maturity 02/07/2026 Industry Professional Services Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+ 5552024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. Acquisition 09/06/2023 Maturity 06/15/2029 Industry High Tech Industries Current Coupon 9.85% Basis Point Spread Above Index SOFR+6252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Wash & Wax Group, LP - Common Equity Acquisition 4/30/2025 Industry Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. Acquisition 10/12/2021 Maturity 08/16/2027 Industry Aerospace and Defense Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TCG 3.0 Jogger Co-Invest, LP - Common Equity Acquisition 12/6/2023 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. - Unfunded Revolver Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name NBH Group, LLC Acquisition 8/25/2021 Maturity 8/19/2026 Industry Healthcare, Education & Childcare Current Coupon 10.12% Basis Point Spread Above Index SOFR+5852024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Confluent Health, LLC Acquisition 1/12/2024 Maturity 11/30/2028 Industry Healthcare and Pharmaceuticals Current Coupon 7.78% Basis Point Spread Above Index SOFR+7502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Revolver Acquisitions 1/18/2023 Maturity 2/1/2029 Industry Construction & Engineering2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Unfunded Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2026-03-310001504619First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC Acquisition 11/26/2024 Maturity 9/23/2030 Industry Commercial Services & Supplies Current Coupon 8.50% Basis Point Spread Above Index SOFR+4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Funded Revolver Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 11.75%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC - Unfunded Revolver Acquisition 04/10/2025 Maturity 04/10/2031 Industry Automobiles2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ITC Infusion Co-invest, LP - Common Equity Acquisition 2/16/2022 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Archer Lewis, LLC Acquisition 11/22/2024 Maturity 8/28/2029 Industry Commercial Services & Supplies Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassBNotesMemberpflt:SecuredOvernightFinancingRateMember2025-02-012025-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 8.85% Basis Point Spread Above Index 3M SOFR+ 5152025-10-012026-03-310001504619pflt:InvestmentsAndCashEquivalentsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series I-2 Acquisition 12/7/2023 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Term Loan Acquisition 9/29/2025 Maturity 09/30/2027 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Five Star Parent Holdings, LLC - Common Equity Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 3/1/2023 Maturity 03/01/2029 Industry Wholesale2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Global Holdings InterCo, LLC Acquisition 03/11/2021 Maturity 03/16/2026 Industry Diversified Financial Services Current Coupon 9.74% Basis Point Spread Above Index 1M SOFR+ 5602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GGG Topco, LLC Acquisition 9/27/2024 Industry Diversified Consumer Services2025-10-012026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassBNotesMember2025-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Funded Revolver Acquisition 05/24/2023 Maturity 05/25/2029 Industry Diversified Consumer Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619pflt:LongTermCreditFacilityMember2026-01-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Common Equity Acquisition 5/21/2019 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants RFMG Parent, LP - Common Equity Acquisition 12/16/2020 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Peninsula Pacific Entertainment, LLC - Unfunded Term Loan Acquisition 8/15/2025 Maturity 8/25/2027 Industry Gaming2025-09-300001504619First Lien Secured Debt Issuer Name Archer Lewis, LLC Acquisition 11/22/2024 Maturity 8/28/2029 Industry Commercial Services & Supplies Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619First Lien Secured Debt Issuer Name PN Buyer, Inc. Acquisition 11/19/2025 Maturity 07/31/2031 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502026-03-310001504619pflt:DebtSecuritizationMember2025-02-280001504619us-gaap:InvestmentAffiliatedIssuerControlledMemberpflt:FirstLienSecuredDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Accounting Platform Holdings, Inc. - Preferred Equity - Series A Acquisition 8/9/2024 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619First Lien Secured Debt Issuer Name Carisk Buyer, Inc. Acquisition 10/16/2024 Maturity 12/3/2029 Industry Healthcare Technology Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Acquisition 4/11/2023 Maturity 6/30/2026 Industry Media: Advertising, Printing & Publishing Current Coupon 9.90% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619pflt:PennantparkSeniorSecuredLoanFundLlcPortfolioMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Paving Parent, LLC - Common Equity Acquisition 7/1/2025 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity - Incremental Acquisition 4/30/2025 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Funded Revolver Acquisition 8/9/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 8.66% Basis Point Spread Above Index 1M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCP Boss Holdco, LLC Acquisition 12/27/2024 Industry Independent Power and Renewable Electricity Producers2026-03-310001504619pflt:SeniorSecuritiesMember2018-04-062018-04-060001504619First Lien Secured Debt Issuer Name PCS MIDCO, Inc. Acquisition 11/18/2025 Maturity 3/30/2030 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. - Unfunded Revolver Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Term Loan Acquisitions 8/29/2025 Maturity 08/29/2027 Industry Manufacturing/Basic Industry2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Common Equity Acquisition 11/5/2018 Industry Software2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Rosco Topco, LLC - Common Equity Acquisition 9/9/2025 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Term Loan Acquisition 8/15/2024 Maturity 8/17/2026 Industry Diversified Consumer Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. Acquisition 5/22/2025 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Unfunded Revolver Acquisition 6/8/2023 Maturity 06/15/2029 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PD Tri-State Holdco, LLC - Unfunded Term Loan Acquisition 10/14/2025 Maturity 10/14/2027 Industry Diversified Consumer Services2026-03-310001504619pflt:CommonEquityWarrantsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Hancock Claims Consultants Investors, LLC - Preferred Equity Acquisition 12/23/2020 Industry Insurance2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. Acquisitions 9/1/2021 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 13.70% (PIK 7.50%) Basis Point Spread Above Index 3M SOFR+ 9402025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Revolver Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Revolver Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services2025-10-012026-03-310001504619us-gaap:EquityMethodInvestmentsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Funded Revolver Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.25%2024-10-012025-09-300001504619pflt:ClassA2RNotesMemberpflt:SecuredOvernightFinancingRateMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NXOF Holdings, Inc. - Common Equity Acquisition 9/25/2018 Industry IT Services2025-09-300001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Unfunded Common Equity Acquisition 6/27/2022 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - Second Out Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 5.32%2025-09-300001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC - Promissory Note #1 Acquisition 4/17/2025 Maturity 4/15/2030 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Revolver Acquisitions 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619pflt:ClassA2RSeniorSecuredFixedRateNotesDue2038Memberpflt:SecuredOvernightFinancingRateMemberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2026-02-012026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC - Unfunded Term Loan Acquisition 9/13/2024 Maturity 06/03/2027 Industry Business Services2025-10-012026-03-310001504619Equity Securities Issuer Name White Tiger Newco, LLC - Common Equity Acquisition 7/31/2025 Industry Automobiles2026-03-310001504619pflt:ConsumerServicesMember2025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberus-gaap:MeasurementInputRevenueMultipleMemberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC - Unfunded Revolver Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Convertible Notes Acquisition 8/2/2024 Maturity 03/8/2028 Industry Consumer Finance Current Coupon 18.00%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Revolver Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC - Unfunded Revolver Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Arcfield Acquisition Corp. Acquisition 2/3/2026 Maturity 10/31/2031 Industry Aerospace and Defense Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Equity Securities Issuer Name White Tiger Newco, LLC - Common Equity Acquisition 7/31/2025 Industry Automobiles2025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2026-01-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC - Unfunded Revolver Acquisition 10/3/2025 Maturity 10/03/2030 Industry Automobiles2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Eval Home Care Solutions Intermediate, LLC - Unfunded Revolver Acquisition 05/10/2024 Maturity 05/10/2030 Industry Healthcare, Education and Childcare2025-09-300001504619First Lien Secured Debt Issuer Name By Light Professional IT Services, LLC Acquisition 8/28/2025 Maturity 7/15/2031 Industry High Tech Industries Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC. - Unfunded Term Loan B Acquisition 08/09/2024 Maturity 02/09/2026 Industry Professional Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Paving Lessor Corp. First Lien -Term Loan Acquisition 08/28/2025 Maturity 07/01/2031 Industry Business Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619pflt:PriorCreditFacilityMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Galt Newco, LLC Acquisition 3/27/2026 Maturity 3/27/2032 Industry Aerospace and Defense Current Coupon 9.21%2026-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Integrity Health Intermediate, LLC - Common Equity Acquisition 2/2/2026 Industry Healthcare Providers and Services2026-03-310001504619First Lien Secured Debt Issuer Name Systems Planning And Analysis, Inc. Acquisition 11/18/2025 Maturity 8/27/2027 Industry Aerospace and Defense Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GGG Topco, LLC Acquisition 9/27/2024 Industry Diversified Consumer Services2026-03-310001504619First Lien Secured Debt Issuer Name The Bluebird Group, LLC Acquisition 08/09/2021 Maturity 07/28/2026 Industry Professional Services Current Coupon 9.60% Basis Point Spread Above Index SOFR+5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Schlesinger Coinvest, LLC - Common Equity Acquisition 4/22/2020 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Unfunded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC - Unfunded Term Loan Acquisitions 1/26/2024 Maturity 1/20/2031 Industry Metals and Mining2026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Revolver Acquisition 9/29/2025 Maturity 09/30/2031 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Hancock Claims Consultants Investors, LLC - Common Equity Acquisition 12/23/2020 Industry Insurance2025-10-012026-03-310001504619pflt:ClassA1RSeniorSecuredFloatingRateNotesDue2038Memberpflt:SecuredOvernightFinancingRateMemberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2026-02-012026-02-280001504619First Lien Secured Debt Issuer Name Argano, LLC Acquisition 1/9/2025 Maturity 9/13/2029 Industry Business Services Current Coupon 9.89% Basis Point Spread Above Index SOFR+5752025-09-300001504619First Lien Secured Debt Issuer Name GGG MIDCO, LLC Acquisition 4/10/2025 Maturity 9/27/2030 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Unfunded Revolver Acquisition 5/3/2024 Maturity 5/3/2029 Industry Leisure Products2024-10-012025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassBNotesMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Amsive Holdings Corporation Acquisition 3/2/2020 Maturity 12/10/2026 Industry Media Current Coupon 10.35% Basis Point Spread Above Index 3M SOFR+ 6252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants By Light Investco LP - Common Equity Acquisition 5/15/2017 Industry High Tech Industries2026-03-310001504619First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC Acquisition 11/01/2024 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.20% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Peninsula Pacific Entertainment, LLC Acquisition 8/15/2025 Maturity 8/22/2032 Industry Gaming Current Coupon 9.02% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lightspeed Buyer, Inc. - Unfunded Revolver Acquisition 1/21/2020 Maturity 02/03/2027 Industry Healthcare Technology2025-09-300001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Amsive Holdings Corporation Acquisition 3/2/2020 Maturity 12/10/2026 Industry Media Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+ 6252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. Acquisition 6/8/2023 Maturity 6/15/2029 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619pflt:LeisureProductsMember2026-03-310001504619First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. Acquisition 9/6/2023 Maturity 6/15/2029 Industry High Tech Industries Current Coupon 9.92% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PN Buyer, Inc. - Funded Revolver Acquisition 7/31/2025 Maturity 07/31/2031 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. Acquisition 8/22/2023 Maturity 8/1/2029 Industry Business Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Gauge Schlesinger Coinvest, LLC - Preferred Equity Acquisition 4/22/2020 Industry Professional Services2026-03-310001504619pflt:MediaMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class D Acquisition 5/3/2024 Industry Leisure Products2026-03-310001504619First Lien Secured Debt Issuer Name MDI Buyer, Inc. Acquisition 04/11/2023 Maturity 07/25/2028 Industry Chemicals, Plastics and Rubber Current Coupon 8.67% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Funded Revolver Acquisition 12/20/2024 Maturity 6/20/2029 Industry Healthcare Equipment and Supplies Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Revolver Acquisition 9/30/2024 Maturity 09/30/2030 Industry Marketing Services2025-09-300001504619pflt:ClassBNotesMemberpflt:PennantParkCLO12LLCMember2025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC Acquisition 9/23/2024 Maturity 09/23/2030 Industry Commercial Services & Supplies Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Output Services Group, Inc. - Common Equity Acquisition 11/30/2023 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Unfunded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619us-gaap:HealthcareSectorMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity NXOF Holdings, Inc. - Preferred Equity Acquisition 9/25/2018 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Funded Revolver Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. Acquisition 3/15/2022 Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 9.27% Basis Point Spread Above Index SOFR+5602026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC Acquisition 4/10/2025 Maturity 4/10/2031 Industry Automobiles Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 6252025-10-012026-03-310001504619pflt:TwoThousandTwentySixNotesPayableMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Unfunded Common Equity Acquisition 6/27/2022 Industry Healthcare Providers and Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name PAR Excellence Holdings, Inc. Acquisition 10/16/24 Maturity 9/3/2030 Industry Healthcare Technology Current Coupon 9.17% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants C5MI Holdco, LLC - Common Equity Acquisition 7/31/2024 Industry IT Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Unfunded Term Loan Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC - Unfunded Term Loan Acquisition 2/7/2024 Maturity 02/09/2026 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Term Loan Acquisition 3/21/2025 Maturity 03/21/2027 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. Acquisitions 10/24/2019 Maturity 10/24/2025 Industry Professional Services Current Coupon 12.76% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+ 8602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC Acquisition 01/26/2024 Maturity 1/20/2031 Industry Metals and Mining Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Insight Holdings, Inc. Acquisition 7/15/2024 Industry Business Services2025-09-300001504619pflt:ManufacturingBasicIndustryMember2025-09-300001504619pflt:LeisureProductsMember2025-09-300001504619First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. Acquisition 3/15/2022 Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 9.80% Basis Point Spread Above Index SOFR+5602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. - Unfunded Term Loan Acquisition 1/9/2024 Maturity 01/16/2026 Industry Construction & Engineering2025-09-300001504619pflt:NonMoneyMarketMember2025-09-300001504619First Lien Secured Debt Issuer Name Ad.net Acquisition, LLC Acquisition 5/24/2021 Maturity 5/7/2026 Industry Media Current Coupon 10.26% Basis Point Spread Above Index SOFR+6262024-10-012025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2024-07-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-09-300001504619pflt:BuildingProductsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Marketplace Events Acquisition, LLC - Common Equity Acquisition 12/19/2024 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series G-2 Acquisition 12/7/2023 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC Acquisition 9/27/2024 Maturity 9/27/2030 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Term Loan Acquisitions 12/17/2024 Maturity 12/17/2026 Industry Software2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Common Equity Acquisition 12/13/2021 Industry Distributors2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name PCS MIDCO, Inc. Acquisition 11/18/2025 Maturity 3/30/2030 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OceanSound Discovery Equity, LP - Common Equity Acquisition 3/28/2024 Industry Aerospace and Defense2026-03-310001504619First Lien Secured Debt Issuer Name Hancock Roofing And Construction, LLC Acquisition 1/27/2021 Maturity 12/31/2026 Industry Insurance Current Coupon 9.60% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name AFC-Dell Holding Corp. Acquisition 12/23/2024 Maturity 4/9/2027 Industry Distributors Current Coupon 9.83% Basis Point Spread Above Index SOFR+5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TAC Lifeport Holdings, LLC - Common Equity Acquisition 2/24/2021 Industry Aerospace and Defense2024-10-012025-09-300001504619us-gaap:MoneyMarketFundsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Revolver Acquisition 8/15/2024 Maturity 8/15/2029 Industry Diversified Consumer Services2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberpflt:FirstLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PN Buyer, Inc. - Unfunded Term Loan Acquisition 7/31/2025 Maturity 7/31/2027 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. Acquisition 04/11/2023 Maturity 06/20/2029 Industry Healthcare Providers and Services Current Coupon 8.69% Basis Point Spread Above Index SOFR+5002026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassDSecuredDeferrableFloatingRateLoansDue2036Memberpflt:SecuredOvernightFinancingRateMember2024-02-012024-02-290001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - First-Out Term Loan Acquisition 12/01/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.16% Basis Point Spread Above Index SOFR+8422025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries Current Coupon 9.17% Basis Point Spread Above Index 1M SOFR+ 5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class A Acquisition 11/8/2021 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. Acquisition 02/07/2022 Maturity 11/09/2026 Industry Leisure Products Current Coupon 11.65% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652024-10-012025-09-300001504619pflt:SeniorSecuritiesMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Argano, LLC Acquisition 1/9/2025 Maturity 9/13/2029 Industry Business Services Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Funded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. Acquisition 02/21/2023 Maturity 02/23/2028 Industry Hotels, Restaurants and Leisure Current Coupon 11.46 (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Watchtower Holdings, LLC - Common Equity Acquisition 11/29/2023 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Current Coupon 13.50%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Compex Legal Services, Inc. Acquisition 1/27/2020 Maturity 02/07/2026 Industry Professional Services Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+ 5552025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Funded Revolver Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors Current Coupon 9.85%2025-09-300001504619us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2026-01-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Funded Revolver Acquisition 8/25/2021 Maturity 08/31/2028 Industry Construction & Engineering Current Coupon 8.77% Basis Point Spread Above Index 1M SOFR+ 5102026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. Acquisition 8/9/2021 Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5602026-03-310001504619us-gaap:InvestmentAffiliatedIssuerControlledMemberpflt:EquityInterestsMember2025-09-300001504619First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. Acquisition 4/11/2023 Maturity 6/20/2029 Industry Healthcare Providers and Services Current Coupon 9.29% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Events TopCo, LP - Common Equity Acquisition 12/17/2024 Industry Event Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. Acquisition 8/22/2023 Maturity 8/1/2029 Industry Business Services Current Coupon 9.79% Basis Point Spread Above Index SOFR+5502025-09-300001504619pflt:PennantparkSeniorSecuredLoanFundLlcPortfolioMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Term Loan Acquisition 8/9/2021 Maturity 8/10/2027 Industry Trading Companies & Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619First Lien Secured Debt Issuer Name By Light Professional IT Services, LLC Acquisition 11/18/2025 Maturity 7/31/2031 Industry Aerospace and Defense Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502026-03-310001504619pflt:InvestmentsAndCashEquivalentsMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Unfunded Revolver Acquisition 10/24/2019 Maturity 10/24/2025 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC Acquisition 11/08/2021 Maturity 11/10/2027 Industry Personal Products Current Coupon 10.19% Basis Point Spread Above Index 3M SOFR+ 6152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.02% Basis Point Spread Above Index 3M SOFR+ 6352025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Revolver Acquisition 8/15/2024 Maturity 08/15/2029 Industry Diversified Consumer Services2025-10-012026-03-310001504619pflt:TwoThousandAndTwentySixNotesTwoMember2020-12-152020-12-150001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Unfunded Common Equity Acquisition 10/3/2022 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series I-2 Acquisition 12/7/2023 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Pink Lily Holdco, LLC - Common Equity Acquisition 11/5/2021 Industry Textiles, Apparel and Luxury Goods2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Events TopCo, LP - Common Equity Acquisition 12/17/2024 Industry Event Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Sales Benchmark Index, LLC Acquisition 1/27/2021 Maturity 7/7/2026 Industry Professional Services Current Coupon 10.20% Basis Point Spread Above Index SOFR+6202025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Term Loan Acquisitions 1/18/2023 Maturity 2/17/2028 Industry Construction & Engineering2026-03-310001504619pflt:EquityInterestsInPSSLIIMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC Acquisition 01/26/2024 Maturity 1/20/2031 Industry Metals and Mining Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619First Lien Secured Debt Issuer Name ORL Acquisition, Inc. Acquisition 5/22/2025 Maturity 9/3/2027 Industry Consumer Finance Current Coupon 13.70% Basis Point Spread Above Index SOFR+9402024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Eval Home Care Solutions Intermediate, LLC Acquisition 5/10/2024 Maturity 5/10/2030 Industry Healthcare, Education and Childcare Current Coupon 9.42% Basis Point Spread Above Index 1M SOFR+ 5752026-03-310001504619First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC Acquisition 01/29/2022 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.35% Basis Point Spread Above Index SOFR+5652025-10-012026-03-310001504619pflt:FiveLargestInvestmentsMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Acquisition 4/11/2023 Maturity 2/1/2030 Industry Environmental Industries Current Coupon 8.77% Basis Point Spread Above Index SOFR+4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC - Unfunded Revolver Acquisition 8/4/2025 Maturity 08/04/2031 Industry Marketing Services2025-10-012026-03-310001504619pflt:NonMoneyMarketFundMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Term Loan Acquisition 9/29/2025 Maturity 09/30/2027 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Cartessa Aesthetics, LLC - Preferred Equity Acquisition 6/1/2022 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt StoicLane, Inc. - Unfunded Convertible Notes Acquisition 8/15/2024 Maturity 8/16/2027 Industry Healthcare Technology2024-10-012025-09-300001504619pflt:ClassA-2NotesMemberpflt:PennantParkCLO12LLCMember2025-04-300001504619First Lien Secured Debt Issuer Name MES Intermediate, Inc. Acquisition 11/18/2025 Maturity 10/27/2027 Industry Distributors Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC - Unfunded Revolver Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ORL Holdco, Inc. - Common Equity Acquisition 9/1/2021 Industry Consumer Finance2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC - Unfunded Revolver Acquisition 5/23/2024 Maturity 05/23/2029 Industry Building Products2026-03-310001504619First Lien Secured Debt Issuer Name Aphix Buyer, Inc. Acquisition 9/3/2025 Maturity 7/17/2031 Industry Business Services Current Coupon 8.42% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Term Loan Acquisition 1/18/2023 Maturity 02/08/2027 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A Acquisition 7/25/2023 Industry Automobiles2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniVista Insurance - Common Equity Acquisition 10/29/2024 Industry Insurance2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC Acquisition 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hills Distribution, Inc. Acquisition 11/2/2023 Maturity 11/08/2029 Industry Distributors Current Coupon 10.32% Basis Point Spread Above Index 1M SOFR+ 6002024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2024-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Galt Newco, LLC Acquisition 3/27/2026 Maturity 3/27/2032 Industry Aerospace and Defense Current Coupon 9.21%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Funded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.10% Basis Point Spread Above Index 3M SOFR+ 5402025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Revolver Acquisition 6/13/2025 Maturity 6/13/2031 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Unfunded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Funded Revolver Acquisition 10/24/2019 Maturity 03/31/2027 Industry Professional Services Current Coupon 9.82% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+ 6102026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Unfunded Common Equity Acquisition 12/13/2021 Industry Distributors2024-10-012025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2024-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberpflt:FirstLienMember2026-03-310001504619us-gaap:AutomobilesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series F-2 Acquisition 12/7/2023 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Exigo, LLC - Common Equity Acquisition 3/10/2022 Industry Software2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC Acquisition 1/9/2019 Maturity 05/11/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Term Loan Acquisition 8/15/2024 Maturity 8/17/2026 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TAC Lifeport Holdings, LLC - Common Equity Acquisition 2/24/2021 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. Acquisition 7/1/2025 Maturity 07/01/2031 Industry Business Services Current Coupon 8.94% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Unfunded Revolver Acquisition 12/23/2019 Maturity 07/07/2026 Industry Professional Services2026-03-310001504619pflt:TotalInvestmentsMember2025-09-300001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - Second Out Term Loans Acquisition 5/22/2025 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 5.32%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Funded Revolver Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors Current Coupon 9.85%2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMembersrt:MaximumMemberpflt:FirstLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Term Loan Acquisition 12/20/2024 Maturity 06/30/2026 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Global Holdings InterCo, LLC Acquisition 6/8/2021 Maturity 9/16/2027 Industry Diversified Financial Services Current Coupon 9.28% Basis Point Spread Above Index SOFR+5602025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Burgess Point Purchaser Corporation Acquisition 8/12/2024 Maturity 07/25/2029 Industry Auto Components Current Coupon 9.02% Basis Point Spread Above Index 3M SOFR+ 5352026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Term Loan - 3rd Amendment Acquisition 6/21/2024 Maturity 06/21/2027 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A Acquisition 7/25/2023 Industry Automobiles2025-10-012026-03-310001504619pflt:TwoThousandThirtyOneAssetBackedDebtMember2024-07-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC - Unfunded Revolver Acquisition 8/4/2025 Maturity 08/04/2031 Industry Marketing Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Term Loan Acquisitions 3/21/2025 Maturity 3/21/2027 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 3/1/2030 Industry Professional Services2025-09-300001504619pflt:JPMorganUSDLiquidityInstMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Funded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 9.96% Basis Point Spread Above Index 3M SOFR+ 6262025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC Acquisition 4/11/2025 Maturity 2/7/2030 Industry Media: Advertising, Printing & Publishing Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Funded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 9.44% Basis Point Spread Above Index 3M SOFR+ 5762025-10-012026-03-310001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Priority TL Acquisition 07/31/2025 Maturity 07/31/2029 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 9.61% Basis Point Spread Above Index SOFR+5942026-03-310001504619First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 04/26/2024 Maturity 01/23/2029 Industry Media Current Coupon 10.20% Basis Point Spread Above Index SOFR+6502025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Pragmatic Holdco, Inc. - Common Equity Acquisition 11/5/2021 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Dynata, LLC - First Out Term Loan Acquisition 7/15/2024 Maturity 7/17/2028 Industry Diversified Consumer Services Current Coupon 9.46% Basis Point Spread Above Index SOFR+5262025-09-300001504619pflt:BlackRockFederalFDInstitutionalEightyOneMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - First Out New Money Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A-1 Acquisition 7/25/2023 Industry Automobiles2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC - Unfunded Revolver Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619pflt:PennantParkCLOIILtdMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassCNotesMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC Acquisition 08/27/2025 Maturity 03/15/2027 Industry Software Current Coupon 10.51% Basis Point Spread Above Index 1M SOFR+ 6352024-10-012025-09-300001504619pflt:TwoThousandAndTwentySixNotesTwoMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC - Unfunded Term Loan Acquisition 8/12/2025 Maturity 07/30/2027 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PCS Parent, LP Acquisition 3/1/2024 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Funded Revolver Acquisition 6/8/2023 Maturity 6/15/2029 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note Acquisition 4/17/2025 Maturity 04/15/2033 Industry Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Funded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.90% Basis Point Spread Above Index 3M SOFR+ 6902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Preferred Equity Acquisition 5/21/2019 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Unfunded Convertible Notes Acquisition 8/2/2024 Maturity 03/08/2028 Industry Consumer Finance2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity - Class AA Units Acquisition 12/4/2019 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Preferred Equity Acquisition 5/21/2019 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP - Unfunded Common Equity Acquisition 8/16/2024 Industry Aerospace and Defense2024-10-012025-09-300001504619us-gaap:HealthcareSectorMember2026-03-310001504619First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Acquisition 6/12/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619pflt:LongTermCreditFacilityMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pink Lilly Holdco, LLC - Unfunded Revolver Acquisition 11/5/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Arcfield Acquisition Corp. Acquisition 2/3/2026 Maturity 10/31/2031 Industry Aerospace and Defense Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carisk Parent, LP - Common Equity Acquisition 11/27/2023 Industry Healthcare Technology2025-09-300001504619pflt:BlackrockLiquidityFedFundInstMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC Acquisition 11/1/2024 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.26% Basis Point Spread Above Index SOFR+5252025-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassC1SecuredDeferrableFloatingRateNotesDue2036Member2024-02-290001504619pflt:TwoThousandThirtySixRAssetBackedDebtMember2025-09-300001504619pflt:CashEquivalentsThreePointNinePercentOfNetAssetsMember2026-03-310001504619First Lien Secured Debt Issuer Name BioDerm, Inc. Acquisition 2/28/2023 Maturity 1/31/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.17% Basis Point Spread Above Index SOFR+6502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. - Unfunded Revolver Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Term Loan C Acquisition 8/9/2024 Maturity 8/18/2027 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Galt Intermediate, LLC - Common Equity Acquisition 3/27/2026 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity KL Stockton Intermediate, LLC - Preferred Equity - Class C Acquisition 7/16/2021 Industry Energy Equipment and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC - Unfunded Revolver Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC - Unfunded Revolver Acquisition 6/19/2019 Maturity 06/21/2027 Industry Healthcare Equipment and Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC Acquisition 11/23/2021 Maturity 09/22/2028 Industry Professional Services Current Coupon 9.31% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Smile Brands, Inc. Acquisition 1/27/2021 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 10.10% Basis Point Spread Above Index SOFR+6102025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC Acquisitions 11/23/2021 Maturity 9/22/2028 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619First Lien Secured Debt Issuer Name GGG MIDCO, LLC Acquisition 11/18/2025 Maturity 9/30/2030 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kentucky Racing Holdco, LLC - Warrants Acquisition 7/31/2025 Industry Hotels, Restaurants and Leisure2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Revolver Acquisition 9/23/2024 Maturity 09/23/2026 Industry Commercial Services & Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Urology Management Holdings, Inc. - Unfunded Term Loan Acquisition 9/3/2024 Maturity 09/03/2026 Industry Healthcare Providers and Services2025-09-300001504619First Lien Secured Debt Issuer Name Team Services Group, LLC Acquisition 10/4/2022 Maturity 12/20/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.56% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Funded Revolver Acquisition 02/07/2025 Maturity 08/07/2029 Industry Consumer products Current Coupon 10.16% Basis Point Spread Above Index 1M SOFR+ 6002024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Imagine Acquisitionco, Inc. Acquisition 3/15/2022 Maturity 11/15/2027 Industry Software Current Coupon 9.29% Basis Point Spread Above Index SOFR+5102025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TWD Parent Holdings, LLC - Common Equity Acquisition 8/25/2021 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Carnegie HoldCo, LLC Acquisition 2/7/2024 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Falcon Buyer, Inc. Acquisition 8/27/2025 Maturity 08/01/2029 Industry Professional Services Current Coupon 9.79% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NORA Parent Holdings, LLC - Common Equity Acquisition 8/22/2023 Industry Healthcare Providers and Services2026-03-310001504619pflt:IncentiveFeePaymentConditionTwoMembersrt:MaximumMember2025-10-012026-03-310001504619pflt:LongTermCreditFacilityMember2025-10-012026-03-310001504619pflt:TruistCreditFacilityMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Duggal Acquisition, LLC Acquisition 4/10/2025 Maturity 9/30/2030 Industry Marketing Services Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP PAR Aggregator, LP - Common Equity Acquisition 9/3/2024 Industry Healthcare Technology2025-10-012026-03-3100015046192025-10-012025-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Second Out Term Loan Acquisition 8/27/2025 Maturity 01/14/2031 Industry Containers and Packaging Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619pflt:CashTwentySevenPointZeroPercentOfNetAssetsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants RFMG Parent, LP - Common Equity Acquisition 5/1/2020 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series J-2 Acquisition 12/7/2023 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seacoast Service Partners, LLC - Common Equity Acquisition 12/20/2024 Industry Diversified Consumer Services2025-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassB1SeniorSecuredFloatingRateNotesDue2036Member2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC - Unfunded Revolver Acquisition 2/29/2024 Maturity 02/28/2030 Industry Construction & Engineering2025-09-300001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - Last-Out Term Loan Acquisition 12/1/2023 Maturity 5/30/2028 Industry Business Services Current Coupon 10.96% Basis Point Spread Above Index SOFR+6682025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Ad.Net Holdings, Inc. - Preferred Equity Acquisition 5/4/2021 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC Acquisition 8/25/2021 Maturity Date 8/31/2028 Industry Construction & Engineering Current Coupon 9.01% Basis Point Spread Above Index 1M SOFR+ 4952025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandThirtySixRAssetBackedDebtMember2025-09-300001504619us-gaap:FinancingReceivables30To59DaysPastDueMember2026-03-310001504619pflt:TotalInvestmentsMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Revolver Acquisitions 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619pflt:FoodProductsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Funded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 8.69% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619pflt:SubordinateDebtMember2025-09-300001504619pflt:ClassA2RSeniorSecuredFixedRateNotesDue2038Memberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC Acquisition 6/13/2025 Maturity 6/13/2031 Industry Healthcare Providers and Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Inventus Power, Inc. Acquisition 7/11/2023 Maturity 1/15/2026 Industry Consumer Goods: Durable Current Coupon 11.78% Basis Point Spread Above Index SOFR+7612025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Term Loan Acquisition 11/20/2024 Maturity 11/20/2026 Industry Business Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Acquisition 11/19/2024 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.76% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. Acquisition 9/1/2021 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 13.10% (PIK 7.50%) Basis Point Spread Above Index 3M SOFR+ 9402026-03-310001504619pflt:FirstLienInPSSLIIMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Altamira Parent Holdings, LLC - Common Equity Acquisition 7/23/2019 Industry IT Services2025-09-300001504619pflt:FirstLienMember2026-03-310001504619us-gaap:FairValueInputsLevel3Member2024-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MES Intermediate, Inc. - Funded Revolver Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants A1 Garage Equity, LLC - Common Equity Acquisition 12/19/2022 Industry Commercial Services & Supplies2026-03-310001504619First Lien Secured Debt Issuer Name BLC Holding Company, Inc. Acquisition 4/10/2025 Maturity 11/20/2030 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index SOFR+4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Unfunded Common Equity Acquisition 11/5/2018 Industry Software2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components Current Coupon 9.91% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ironclad Holdco, LLC - Common Equity Acquisition 12/23/2020 Industry Commercial Services & Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - Last-out Term Loan Acquisition 11/30/2023 Maturity 5/30/2028 Industry Business Services Current Coupon 10.96% Basis Point Spread Above Index 3M SOFR+ 6682025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC - Unfunded Revolver Acquisition 7/31/2024 Maturity 7/31/2029 Industry IT Services2025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC Acquisition 8/16/2021 Maturity 02/18/2027 Industry Personal Products Current Coupon 12.16% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 7852025-09-3000015046192025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC Acquisition 1/18/2023 Maturity 02/01/2030 Industry Construction & Engineering Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619pflt:FiveLargestInvestmentsMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619pflt:SBADebenturesMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC Acquisition 6/19/2019 Maturity 6/21/2027 Industry Healthcare Equipment and Supplies Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC - Funded Revolver Acquisition 5/23/2024 Maturity 05/23/2029 Industry Building Products Current Coupon 11.25% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC - Unfunded Revolver Maturity 08/19/2026 Industry Healthcare Equipment and Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC Acquisition 3/21/2025 Maturity 3/19/2032 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Pink Lily Holdco, LLC - Preferred Equity - Class A-1 Acquisition 11/5/2021 Industry Textiles, Apparel and Luxury Goods2025-09-300001504619pflt:TwoThousandThirtySevenRAsset-BackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC Acquisition 4/17/2025 Maturity 4/15/2033 Industry Diversified Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Efficient Collaborative Retail Marketing Company, LLC Acquisition 10/23/2018 Maturity 09/30/2026 Industry Media: Diversified and Production Current Coupon 11.01% (PIK 3.75%) Basis Point Spread Above Index 3M SOFR+ 6752025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassA2SeniorSecuredFixedRateNotesDue2031Member2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Term Loan Acquisition 12/20/2024 Maturity 12/21/2026 Industry Diversified Consumer Services2024-10-012025-09-300001504619pflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Common Equity Acquisition 5/21/2019 Industry Media2025-10-012026-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2026-03-310001504619First Lien Secured Debt Issuer Name DRS Holdings III, Inc. Acquisition 1/27/2021 Maturity 11/3/2025 Industry Consumer Goods: Durable Current Coupon 9.41% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619pflt:ClassDSecuredDeferrableFloatingRateNotesMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC Acquisition 4/10/2025 Maturity 4/10/2031 Industry Automobiles Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 6252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. Acquisition 3/1/2024 Maturity 3/1/2030 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. - Unfunded Revolver Acquisition 6/29/2023 Maturity 01/15/2026 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619First Lien Secured Debt Issuer Name APT OPCO, LLC Acquisition 10/23/2025 Maturity 9/30/2031 Industry Healthcare and Pharmaceuticals Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PD Tri-State Holdco, LLC - Unfunded Revolver Acquisition 10/14/2025 Maturity 10/15/2030 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Unfunded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Revolver Acquisition 8/09/2024 Maturity 08/09/2030 Industry Professional Services2024-10-012025-09-300001504619pflt:TwoThousandTwentyNineNotesPayableMemberus-gaap:FairValueInputsLevel3Member2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Unfunded Revolver Acquisition 10/24/2019 Maturity 03/31/2027 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Term Loan Acquisition 10/18/2024 Maturity 10/19/2026 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants APT Holdings, LLC - Common Equity Acquisition 9/29/2025 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Quad (U.S.) Co-Invest, LP - Common Equity Acquisition 3/28/2025 Industry Professional Services2025-10-012026-03-3100015046192024-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Term Loan Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2025-03-310001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001504619First Lien Secured Debt Issuer Name EDS Buyer, LLC Acquisition 4/11/2023 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.75% Basis Point Spread Above Index SOFR+4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aphix Topco, Inc. - Common Equity Acquisition 7/17/2025 Industry Business Services2025-09-300001504619First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC Acquisition 01/29/2022 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.35% Basis Point Spread Above Index SOFR+5652026-03-310001504619First Lien Secured Debt Issuer Name Schlesinger Global, Inc. Acquisition 09/30/2021 Maturity 03/31/2027 Industry Business Services Current Coupon 10.02% Basis Point Spread Above Index SOFR+6102025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMemberpflt:LiabilitiesInExcessOfOtherAssetsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Second Lien Secured Debt Team Services Group, LLC - 2nd Lien Acquisition 2/25/2024 Maturity 12/18/2028 Industry Healthcare Providers and Services Current Coupon 13.57% Basis Point Spread Above Index 3M SOFR+ 9262025-09-300001504619us-gaap:EquitySecuritiesMember2026-03-310001504619First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. Acquisition 3/15/2022 Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 9.27% Basis Point Spread Above Index SOFR+5602025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Unfunded Revolver Acquisition 10/24/2019 Maturity 10/24/2025 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aftermarket Drivetrain Products Holdings, LLC - Common Equity Acquisition 12/29/2023 Industry Auto Components2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Unfunded Common Equity Acquisition 10/31/2024 Industry Government Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Seaway Buyer, LLC Acquisition 4/11/2023 Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 10.15% Basis Point Spread Above Index SOFR+6152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tinicum Space Coast Co-Invest, LLC Acquisition 10/29/2024 Industry Aerospace and Defense2024-10-012025-09-300001504619pflt:LongTermCreditFacilityMember2025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hills Distribution, Inc. - Unfunded Term Loan Acquisition 11/2/2023 Maturity 11/07/2025 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services Current Coupon 10.31% Basis Point Spread Above Index 3M SOFR+ 6252025-09-300001504619pflt:BlackrockLiquidityFedFundInstMember2026-03-310001504619us-gaap:InvestmentAffiliatedIssuerControlledMemberpflt:FirstLienSecuredDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Unfunded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors2026-03-310001504619pflt:ClassDNotesMemberpflt:DebtSecuritizationMember2025-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC - Unfunded Term Loan Acquisition 10/3/2025 Maturity 10/03/2027 Industry Automobiles2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Pragmatic Institute, LLC Acquisition 03/28/2025 Maturity 03/28/2030 Industry Education2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name BLC Holding Company, Inc. Acquisition 11/18/2025 Maturity 11/30/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619pflt:SubordinateDebtMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001504619us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-01-012025-03-310001504619us-gaap:CashAndCashEquivalentsMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tinicum Space Coast Co-Invest, LLC Acquisition 12/4/2019 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries Current Coupon 9.66% Basis Point Spread Above Index 1M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Unfunded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Exigo Intermediate II, LLC - Unfunded Revolver Acquisition 3/10/2022 Maturity 3/15/2027 Industry Software2026-03-310001504619First Lien Secured Debt Issuer Name Dynata, LLC - First Out Term Loan Acquisition 7/15/2024 Maturity 7/17/2028 Industry Diversified Consumer Services Current Coupon 9.46% Basis Point Spread Above Index SOFR+5262024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Harvest Group Topco Buyer, LLC Acquisition 3/2/2026 Maturity 3/2/2032 Industry Media Current Coupon 8.42%2026-03-310001504619First Lien Secured Debt Issuer Name Dynata, LLC - First Out Term Loan (5) Acquisition 7/15/2024 Maturity 7/17/2028 Industry Diversified Consumer Services Current Coupon 8.91% Basis Point Spread Above Index SOFR+5762025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandThirtySevenAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Common Equity Acquisition 12/31/2024 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Term Loan Acquisition 9/23/2024 Maturity 09/23/2026 Industry Commercial Services & Supplies2025-10-012026-03-310001504619pflt:SecuredOvernightFinancingRateMemberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMemberpflt:ClassBRSeniorSecuredFloatingRateLoansMember2026-02-012026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Unfunded Revolver Acquisition 11/08/2021 Maturity 11/10/2026 Industry Personal Products2025-09-300001504619Equity Securities Issuer Name White Tiger Newco, LLC - Common Equity Acquisition 7/31/2025 Industry Automobiles2025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberus-gaap:SubordinatedDebtMembersrt:MaximumMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infolinks Media Buyco, LLC Acquisition 2/22/2024 Maturity 11/02/2026 Industry Media Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC - Unfunded Revolver Acquisition 12/23/2019 Maturity 7/7/2026 Industry Professional Services2025-09-3000015046192021-10-012021-10-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP PAR Aggregator, LP - Common Equity Acquisition 9/3/2024 Industry Healthcare Technology2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TPC US Parent, LLC Acquisition 11/15/2019 Maturity 11/24/2025 Industry Food Products Current Coupon 10.19% Basis Point Spread Above Index 3M SOFR+ 5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Unfunded Revolver Acquisition 1/16/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC Acquisition 12/19/2022 Maturity 01/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619srt:MaximumMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Imagine Topco. LP - Common Equity Acquisition 11/4/2021 Industry Software2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Funded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+ 4002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Unfunded Revolver Acquisition 8/25/2021 Maturity 8/31/2028 Industry Construction & Engineering2026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt PennantPark Senior Secured Loan Fund I, LLC Acquisition 8/10/2020 Maturity 05/07/2029 Industry Financial Services Current Coupon 11.88% Basis Point Spread Above Index 3M SOFR+ 8002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MES Intermediate, Inc. Acquisition 04/11/2023 Maturity 10/01/2027 Industry Distributors Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seacoast Service Partners, LLC - Common Equity Acquisition 12/20/2024 Industry Diversified Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kentucky Racing Holdco, LLC - Warrants Acquisition 4/16/2019 Industry Hotels, Restaurants and Leisure2025-09-300001504619pflt:ElectronicEquipmentInstrumentsAndComponentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. Acquisition 7/31/2025 Maturity 07/31/2029 Industry Capital Equipment Current Coupon 10.10% (PIK 3.44%)2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Revolver Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Term Loan Acquisitions 3/21/2025 Maturity 3/21/2027 Industry Business Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 4/10/2025 Maturity 6/30/2026 Industry Media: Advertising, Printing & Publishing Current Coupon 9.90% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Unfunded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC Acquisition 9/27/2024 Maturity 9/27/2030 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Term Loan Acquisition 3/1/2024 Maturity 3/2/2026 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seaway Buyer, LLC Acquisition 7/25/2024 Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 10.17% Basis Point Spread Above Index 3M SOFR+ 6152025-09-300001504619First Lien Secured Debt Issuer Name Crane 1 Services, Inc. Acquisition 4/11/2023 Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 9.53% Basis Point Spread Above Index SOFR+5362026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Revolver Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services2024-10-012025-09-300001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:TwoThousandThirtyEightRAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Funded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.90% Basis Point Spread Above Index 3M SOFR+ 6902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Term Loan - 2nd Amendment Acquisition 5/24/2023 Maturity 12/31/2026 Industry Personal Products2025-10-012026-03-310001504619pflt:ClassDRNotesMember2025-09-300001504619pflt:BusinessServicesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Funded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+ 6402025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Unfunded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media Current Coupon 9.86% Basis Point Spread Above Index 3M SOFR+ 6192026-03-3100015046192021-01-310001504619First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. Acquisition 8/22/2023 Maturity 8/1/2029 Industry Business Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5502026-03-310001504619First Lien Secured Debt Issuer Name Global Holdings InterCo, LLC Acquisition 6/8/2021 Maturity 3/16/2026 Industry Diversified Financial Services Current Coupon 9.74% Basis Point Spread Above Index SOFR+5602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Revolver Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2024-10-012025-09-300001504619pflt:AerospaceAndDefenseMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Galt Intermediate, LLC - Common Equity Acquisition 3/27/2026 Industry Aerospace and Defense2026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMember2025-10-012026-03-310001504619pflt:SecondLienMember2025-09-300001504619pflt:AtTheMarketOfferingMember2024-07-310001504619pflt:TruistCreditFacilityMember2025-04-012025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619First Lien Secured Debt Issuer Name Capital Construction, LLC Acquisition 8/28/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 9.89% Basis Point Spread Above Index SOFR+5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Global Holdings InterCo, LLC Acquisition 3/11/2021 Maturity 9/16/2027 Industry Diversified Financial Services Current Coupon 9.27% Basis Point Spread Above Index 1M SOFR+ 5602025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harvest Group Topco Buyer, LLC Acquisitions 3/2/2026 Maturity 3/2/2032 Industry Media Current Coupon 8.40%2026-03-310001504619pflt:SubNotesMemberpflt:PennantParkCLO12LLCMember2025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TPC Holding Company, LP - Common Equity Acquisition 10/27/2021 Industry Food Products2026-03-310001504619First Lien Secured Debt Issuer Name The Bluebird Group, LLC Acquisition 8/9/2021 Maturity 7/28/2026 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index SOFR+5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Falcon Buyer, Inc. Acquisition 8/27/2025 Maturity 08/01/2029 Industry Professional Services Current Coupon 9.79% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619pflt:TwoThousandAndTwentySixNotesTwoMember2021-03-012021-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class A Acquisition 5/3/2024 Industry Leisure Products2026-03-310001504619First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Acquisition 12/2/2025 Maturity 2/30/2030 Industry Construction and Engineering Current Coupon 8.15% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 9.01% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Unfunded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Loving Tan Intermediate II, Inc. Acquisition 10/25/2023 Maturity 5/31/2028 Industry Personal Products Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PN Buyer, Inc. - Funded Revolver Acquisition 7/31/2025 Maturity 07/31/2031 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Funded Revolver Acquisition 8/25/2021 Maturity Date 8/31/2028 Industry Construction & Engineering Current Coupon 8.99% Basis Point Spread Above Index 1M SOFR+ 4952025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - First Out Term Loan Acquisition 7/15/2024 Maturity 7/17/2028 Industry Business Services Current Coupon 8.91% Basis Point Spread Above Index 3M SOFR+ 5262026-03-310001504619pflt:ClassA-1LoansMemberpflt:PennantParkCLO12LLCMember2025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Unfunded Revolver Acquisition 11/08/2021 Maturity 11/10/2026 Industry Personal Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/01/2030 Industry Aerospace and Defense Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PN Buyer, Inc. - Unfunded Revolver Acquisition 7/31/2025 Maturity 07/31/2031 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Unfunded Common Equity Acquisition 10/3/2022 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Term Loan Acquisitions 8/29/2025 Maturity 08/29/2027 Industry Manufacturing/Basic Industry2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Unfunded Revolver Acquisition 1/16/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Exigo Intermediate II, LLC Acquisition 11/21/2022 Maturity 3/15/2027 Industry Software Current Coupon 10.51% Basis Point Spread Above Index SOFR+6352025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PN Buyer, Inc. - Common Equity Acquisition 7/31/2025 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Integrity Health Purchaser, LLC Acquisitions 2/2/2026 Maturity 2/2/2032 Industry Healthcare Providers and Services2026-03-310001504619pflt:TruistCreditFacilityMembersrt:MaximumMember2025-11-012025-11-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP PAR Aggregator, LP - Common Equity Acquisition 9/3/2024 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TWD Parent Holdings, LLC - Preferred Equity Acquisition 8/25/2021 Industry Construction & Engineering2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services Current Coupon 9.54% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC - Funded Revolver Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 11.10% Basis Point Spread Above Index 3M SOFR+ 4652025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Common Equity Acquisition 12/16/2020 Industry IT Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Paving Parent, LLC - Common Equity Acquisition 7/1/2025 Industry Business Services2026-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2021-10-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class A Acquisition 7/25/2023 Industry Automobiles2024-10-012025-09-300001504619us-gaap:EquityMethodInvestmentsMemberus-gaap:FairValueInputsLevel1Member2026-03-310001504619pflt:HealthcareEquipmentAndSuppliesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC - Unfunded Revolver Acquisition 9/9/2025 Maturity 9/12/2031 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Revolver Acquisition 06/13/2025 Maturity 06/13/2031 Industry Healthcare Providers and Services2025-09-300001504619First Lien Secured Debt Issuer Name Harris & Co, LLC Acquisition 11/18/2025 Maturity 8/30/2030 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - Last-out Term Loan Acquisition 11/30/2023 Maturity 5/30/2028 Industry Business Services Current Coupon 10.96% Basis Point Spread Above Index 3M SOFR+ 6682024-10-012025-09-300001504619pflt:CashAndCashEquivalentMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Funded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.10% Basis Point Spread Above Index 3M SOFR+ 5402026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense Current Coupon 10.91% Basis Point Spread Above Index 3M SOFR+ 6752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Wash & Wax Group, LP - Common Equity Acquisition 4/30/2025 Industry Consumer Services2024-10-012025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassB2SeniorSecuredFixedRateNotesDue2031Member2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants IHS Parent Holdings, LP - Common Equity Acquisition 12/21/2022 Industry Commercial Services & Supplies2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. Acquisition 6/30/2022 Maturity 9/17/2026 Industry Distributors Current Coupon 9.10% Basis Point Spread Above Index SOFR+5402026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Revolver Acquisition 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Term Loan Acquisition 10/2/2023 Maturity 04/21/2027 Industry IT Services2025-09-300001504619First Lien Secured Debt Issuer Name North American Rail Solutions, LLC Acquisition 10/23/2025 Maturity 08/29/2031 Industry Road and Rail Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Unfunded Common Equity Acquisition 12/13/2021 Industry Distributors2026-03-310001504619us-gaap:RevolvingCreditFacilityMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SP L2 Holdings, LLC - Common Equity Acquisition 6/8/2022 Industry Leisure Products2025-10-012026-03-310001504619pflt:GoldmanSachsFinancialSquareGovernmentFundOneMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. Acquisition 02/07/2025 Maturity 08/07/2029 Industry Consumer products Current Coupon 10.16% Basis Point Spread Above Index 1M SOFR+ 6002025-09-300001504619First Lien Secured Debt Issuer Name Boss Industries, LLC Acquisition 4/10/2025 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 8.45% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Funded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 10.66% Basis Point Spread Above Index 1M SOFR+ 6502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC Acquisition 08/09/2024 Maturity 08/09/2030 Industry Professional Services Current Coupon 9.16% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SCP Clinical Research Intermediate Holdings. LLC - Unfunded Term Loan Acquisition 1/2/2026 Maturity 01/02/2028 Industry Healthcare Providers and Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Tyto Athene, LLC Acquisition 5/5/2021 Maturity 4/3/2028 Industry IT Services Current Coupon 9.19% Basis Point Spread Above Index SOFR+4902024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Crane 1 Services, Inc. Acquisition 4/11/2023 Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.03% Basis Point Spread Above Index SOFR+5862025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Acquisition 6/12/2023 Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Halo Buyer, Inc. Acquisition 5/22/2025 Maturity 8/7/2029 Industry Consumer Products Current Coupon 9.67% Basis Point Spread Above Index SOFR+6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Revolver Acquisitions 3/21/2025 Maturity 3/19/2032 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Unfunded Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2025-09-3000015046192024-12-012024-12-310001504619First Lien Secured Debt Issuer Name RRA Corporate, LLC Acquisition 4/10/2025 Maturity 8/15/2029 Industry Diversified Consumer Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252025-09-300001504619First Lien Secured Debt Issuer Name Systems Planning And Analysis, Inc. Acquisition 3/15/2022 Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 8.92% Basis Point Spread Above Index SOFR+4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - Last-out Term Loan Acquisition 11/30/2023 Maturity 05/30/2028 Industry Business Services Current Coupon 10.41% Basis Point Spread Above Index 3M SOFR+ 6682026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Funded Revolver Acquisition 1/16/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services Current Coupon 8.18% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC Acquisition 6/13/2025 Maturity 6/13/2031 Industry Healthcare Providers and Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC Acquisition 9/30/2024 Maturity 09/30/2030 Industry Marketing Services Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Paving Parent, LLC - Common Equity Acquisition 7/1/2025 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC - Unfunded Term Loan Acquisition 2/7/2024 Maturity 02/09/2026 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MES Intermediate, Inc. - Funded Revolver Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Safe Haven Defense Holdco LLC - Common Equity- Class A-2 Acquisition 1/16/2025 Industry Building Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Funded Revolver Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 9.44% Basis Point Spread Above Index 3M SOFR+ 5762026-03-310001504619First Lien Secured Debt Issuer Name Sath Industries, LLC Acquisition 04/10/2025 Maturity 12/17/2029 Industry Event Services Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Funded Revolver Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.35% Basis Point Spread Above Index 3M SOFR+ 6352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. Acquisition 02/07/2025 Maturity 08/07/2029 Industry Consumer products Current Coupon 10.16% Basis Point Spread Above Index 1M SOFR+ 6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pragmatic Institute, LLC Acquisition 3/28/2025 Maturity 03/28/2030 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Harvest Group Topco Buyer, LLC Acquisition 3/31/2026 Maturity 3/32/2032 Industry Media Current Coupon 8.42% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Funded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC - Funded Revolver Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kentucky Racing Holdco, LLC - Warrants Acquisition 4/16/2019 Industry Hotels, Restaurants and Leisure2024-10-012025-09-300001504619pflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2025-09-300001504619First Lien Secured Debt Issuer Name CF512, Inc. Acquisition 12/27/2021 Maturity 8/20/2026 Industry Media Current Coupon 9.86% Basis Point Spread Above Index SOFR+6192025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 9.31% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC Acquisitions 8/16/2021 Maturity 9/17/2027 Industry Personal Products Current Coupon 8.77% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 5102025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2025-09-300001504619us-gaap:EquityMethodInvestmentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. Acquisition 6/29/2023 Maturity 01/15/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.78% Basis Point Spread Above Index 3M SOFR+ 7612024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Member2024-10-012025-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2025-10-012026-03-310001504619pflt:RTwoThousandAndThirtyEightAssetBackedDebtMember2025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Funded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+ 6402026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Coupon 19.00%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity - Class AAA Units Acquisition 12/4/2019 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Unfunded Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Tyto Athene, LLC Acquisition 05/05/2021 Maturity 04/03/2028 Industry IT Services Current Coupon 8.56% Basis Point Spread Above Index SOFR+4902026-03-310001504619us-gaap:FairValueInputsLevel2Member2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC Acquisition 3/21/2025 Maturity 03/19/2032 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC Acquisition 8/29/2025 Maturity 08/19/2026 Industry Healthcare Equipment and Supplies Current Coupon 9.52% Basis Point Spread Above Index 1M SOFR+ 5852025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. Acquisition 10/24/2019 Maturity 03/31/2027 Industry Professional Services Current Coupon 9.82% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+ 6102025-10-012026-03-310001504619First Lien Secured Debt Issuer Name PN Buyer, Inc. Acquisition 1/9/2026 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502026-03-310001504619First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 4/10/2025 Maturity 12/31/2027 Industry Media: Advertising, Printing & Publishing Current Coupon 9.60% Basis Point Spread Above Index SOFR+5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Common Equity Acquisition 12/13/2021 Industry Distributors2026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassB1SeniorSecuredFloatingRateNotesDue2036Member2024-02-290001504619pflt:PennantParkTSOSeniorLoanFundLPMember2021-04-012021-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Consello Pacific Aggregator, LLC - Preferred Equity Acquisition 10/2/2023 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Unfunded Revolver Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Funded Revolver Acquisition 6/8/2023 Maturity 06/15/2029 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619First Lien Secured Debt Issuer Name Hills Distribution, Inc. Acquisition 5/3/2024 Maturity 11/8/2029 Industry Business Services Current Coupon 10.32% Basis Point Spread Above Index SOFR+6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TCG 3.0 Jogger Co-Invest, LP - Common Equity Acquisition 1/22/2024 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Term Loan Acquisition 12/31/2024 Maturity 12/31/2026 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - New Money Term Loan Acquisition 8/27/2025 Maturity 7/14/2026 Industry Air Freight and Logistics Current Coupon 8.00%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Revolver Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ro Health Holdings, Inc. - Common Equity Acquisition 5/1/2020 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Revolver Acquisition 8/9/2024 Maturity 8/9/2030 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants KL Stockton Co-Invest, LP - Common Equity Acquisition 7/16/2021 Industry Energy Equipment and Services2024-10-012025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619First Lien Secured Debt Issuer Name BLC Holding Company, Inc. Acquisition 11/18/2025 Maturity 11/30/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502026-03-310001504619First Lien Secured Debt Issuer Name Big Top Holdings, LLC Acquisition 11/18/2025 Maturity 2/30/2030 Industry Construction and Engineering Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619First Lien Secured Debt Issuer Name Global Holdings InterCo, LLC Acquisition 6/8/2021 Maturity 9/16/2027 Industry Diversified Financial Services Current Coupon 9.28% Basis Point Spread Above Index SOFR+5602026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2025-09-300001504619pflt:LiabilitiesInExcessOfOtherAssetsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC - Unfunded Revolver Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Athletico Holdings, LLC - Common Equity Acquisition 2/4/2022 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. (CAD) Acquisitions 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Term Loan Acquisition 12/21/2022 Maturity 10/30/2026 Industry Commercial Services & Supplies2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Penta Group Holdings, Inc. Acquisition 9/8/2025 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.81% Basis Point Spread Above Index SOFR+4502025-09-300001504619First Lien Secured Debt Issuer Name AFC-Dell Holding Corp. Acquisition 12/23/2024 Maturity 4/9/2027 Industry Distributors Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC Acquisition 11/26/2024 Maturity 9/23/2030 Industry Commercial Services & Supplies Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC Acquisitions 11/8/2021 Maturity 11/10/2027 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC - Unfunded Revolver Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Funded Revolver Acquisition 11/08/2021 Maturity 11/10/2026 Industry Personal Products Current Coupon 10.15% Basis Point Spread Above Index 3M SOFR+ 6152025-09-300001504619pflt:MediaMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC Acquisition 8/12/2025 Maturity 01/21/2031 Industry Healthcare Providers and Services Current Coupon 9.48% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SP DXE Holdings, LLC - Common Equity Acquisition 12/20/2024 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassB2SeniorSecuredFixedRateNotesDue2031Member2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HV Watterson Holdings, LLC - Common Equity Acquisition 6/13/2022 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Funded Revolver Acquisition 6/8/2023 Maturity 06/15/2029 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC Acquisitions 11/23/2021 Maturity 9/22/2028 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aftermarket Drivetrain Products Holdings, LLC - Common Equity Acquisition 12/29/2023 Industry Auto Components2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Five Star Parent Holdings, LLC - Common Equity Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2025-09-300001504619pflt:CashTwentyThreePointThreePercentOfNetAssetsMember2026-03-310001504619Equity Securities Issuer Name Lucky Bucks, LLC - Common Equity Acquisition 12/1/2023 Industry Hotel, Gaming and Leisure2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DX Electric Company, LLC - Unfunded Revolver Acquisition 10/1/2025 Maturity 10/1/2031 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Term Loan Acquisition 9/30/2024 Maturity 9/30/2026 Industry Marketing Services2025-10-012026-03-310001504619pflt:SecuredOvernightFinancingRateMemberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMemberpflt:ClassCRSeniorSecuredFloatingRateNotesDue2038Member2026-02-012026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Systems Planning And Analysis, Inc. Acquisition 11/18/2025 Maturity 8/27/2027 Industry Aerospace and Defense Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Medina Health, LLC - Common Equity Acquisition 10/16/2023 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Imagine Topco. LP - Common Equity Acquisition 11/4/2021 Industry Software2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 1/23/2024 Maturity 01/23/2029 Industry Media Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+ 6502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services Current Coupon 9.18% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassBNotesMemberpflt:SecuredOvernightFinancingRateMember2024-02-012024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Revolver Acquisition 12/17/2024 Maturity 12/17/2030 Industry Software2025-09-300001504619First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC Acquisition 4/11/2023 Maturity 6/14/2028 Industry Distributors Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Imagine Topco. LP - Preferred Equity Acquisition 11/4/2021 Industry Software Current Coupon 8.00%2025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMemberpflt:InvestmentInSinglePortfolioCompanyMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Coupon 19.00%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Unfunded Convertible Notes Acquisition 8/2/2024 Maturity 03/08/2028 Industry Consumer Finance2025-10-012026-03-310001504619pflt:ClassDSecuredDeferrableFloatingRateNotesMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. - Unfunded Revolver Acquisition 02/21/2023 Maturity 02/23/2028 Industry Hotels, Restaurants and Leisure2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC - Unfunded Revolver Acquisitions 1/9/2019 Maturity 5/11/2026 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC - Unfunded Revolver Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt OSP Embedded Purchaser, LP - Convertible Note Acquisition 11/6/2024 Maturity 05/08/2030 Industry Aerospace and Defense Current Coupon 12.00%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC - Unfunded Revolver Acquisition 9/9/2025 Maturity 09/12/2031 Industry Business Services2026-03-310001504619pflt:JPMorganUSDLiquidityInstMember2025-09-300001504619pflt:PennantParkFloatingRateCapitalLtdMember2026-03-310001504619pflt:AdministratorMember2025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Pink Lily Holdco, LLC - Preferred Equity - Class A-1 Acquisition 11/5/2021 Industry Textiles, Apparel and Luxury Goods2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hills Distribution, Inc. - Unfunded Term Loan Acquisitions 11/2/2023 Maturity 12/5/2027 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services Current Coupon 8.91% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619First Lien Secured Debt Issuer Name Carisk Buyer, Inc. Acquisition 11/18/2025 Maturity 12/29/2029 Industry Healthcare Technology Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class B Acquisition 7/25/2023 Industry Automobiles2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity EvAL Home Health Solutions, LLC Acquisition 5/10/2024 Industry Healthcare, Education and Childcare2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ITC Infusion Co-invest, LP - Common Equity Acquisition 2/16/2022 Industry Healthcare Equipment and Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aphix Topco, Inc. - Common Equity Acquisition 7/17/2025 Industry Business Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Acquisition 11/18/2025 Maturity 10/28/2028 Industry Professional Services Current Coupon 9.99% Basis Point Spread Above Index SOFR+6252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - New Money DIP Acquisition 3/1/2023 Maturity 03/01/2029 Industry Wholesale Current Coupon 10.00%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Coolsys, Inc. Acquisition 8/27/2025 Maturity 08/11/2028 Industry Commercial Services & Supplies Current Coupon 8.66% Basis Point Spread Above Index 3M SOFR+ 5012025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Best Practice Associates, LLC Acquisition 4/10/2025 Maturity 11/8/2029 Industry Aerospace and Defense Current Coupon 10.91% Basis Point Spread Above Index SOFR+6752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Gauge Schlesinger Coinvest, LLC - Preferred Equity Acquisition 4/22/2020 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated Acquisition 03/03/2025 Maturity 12/17/2030 Industry Software Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series J-2 Acquisition 12/7/2023 Industry Distributors2025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassB2SeniorSecuredFixedRateNotesDue2031Member2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants New Insight Holdings, Inc. Acquisition 7/15/2024 Industry Business Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name MES Intermediate, Inc. Acquisition 04/11/2023 Maturity 10/01/2027 Industry Distributors Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619pflt:ClassA1RSeniorSecuredFloatingRateNotesDue2038Memberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Term Loan Acquisition 9/30/2024 Maturity 09/30/2026 Industry Marketing Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HPA SPQ Aggregator, LP - Common Equity Acquisition 6/8/2023 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components Current Coupon 9.91% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seaway Buyer, LLC Acquisition 7/25/2024 Maturity 06/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+ 6152026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Term Loan Acquisition 6/13/2025 Maturity 6/13/2027 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Unfunded Revolver Acquisition 5/3/2024 Maturity 5/3/2029 Industry Leisure Products2025-09-300001504619First Lien Secured Debt Issuer Name Sales Benchmark Index, LLC Acquisition 1/27/2021 Maturity 7/7/2026 Industry Professional Services Current Coupon 10.20% Basis Point Spread Above Index SOFR+6202024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MES Intermediate, Inc. Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors Current Coupon 8.41% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Convertible Notes Acquisition 8/2/2024 Maturity 03/08/2028 Industry Consumer Finance Current Coupon 18.00%2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name NORA Acquisition, LLC Acquisition 10/02/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.05% Basis Point Spread Above Index SOFR+6352026-03-310001504619First Lien Secured Debt Issuer Name GGG MIDCO, LLC Acquisition 4/10/2025 Maturity 9/27/2030 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity ORL Holdco, Inc. - Preferred Equity Acquisition 9/1/2021 Industry Consumer Finance2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beta Plus Technologies, Inc. Acquisition 2/29/2024 Maturity 07/02/2029 Industry Internet Software and Services Current Coupon 9.75% Basis Point Spread Above Index 1M SOFR+ 5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants North Haven Saints Equity Holdings, LP - Common Equity Acquisition 2/25/2022 Industry Healthcare Technology2026-03-310001504619First Lien Secured Debt Issuer Name RTIC Subsidiary Holdings, LLC Acquisition 11/1/2024 Maturity 5/3/2029 Industry Leisure Products Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt One Stop Mailing, LLC Acquisition 5/26/2021 Maturity 05/07/2027 Industry Air Freight and Logistics Current Coupon 10.03% Basis Point Spread Above Index 3M SOFR+ 6362026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media Current Coupon 12.75% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619First Lien Secured Debt Issuer Name Burgess Point Purchaser Corporation Acquisition 10/3/2022 Maturity 7/25/2029 Industry Automotive Current Coupon 9.02% Basis Point Spread Above Index SOFR+5352025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. Acquisition 7/31/2025 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.50%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Efficient Collaborative Retail Marketing Company, LLC Acquisition 10/23/2018 Maturity 9/30/2026 Industry Media: Diversified and Production Current Coupon 10.68% (PIK 2.5%) Basis Point Spread Above Index 3M SOFR+ 7012025-10-012026-03-310001504619First Lien Secured Debt Issuer Name CF512, Inc. Acquisition 12/27/2021 Maturity 8/20/2026 Industry Media Current Coupon 10.36% Basis Point Spread Above Index SOFR+6192025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC Acquisition 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Term Loan Acquisition 11/20/2024 Maturity 11/20/2026 Industry Business Services2026-03-310001504619First Lien Secured Debt Issuer Name Megawatt Acquisitionco, Inc. Acquisition 04/29/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. Acquisition 9/3/2024 Maturity 09/03/2030 Industry Healthcare Technology Current Coupon 8.74% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619pflt:ClassA2NotesMemberpflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Unfunded Convertible Notes Acquisition 8/2/2024 Maturity 03/8/2028 Industry Consumer Finance2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants North Haven Saints Equity Holdings, LP - Common Equity Acquisition 2/25/2022 Industry Healthcare Technology2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Systems Planning And Analysis, Inc. Acquisition 03/15/2022 Maturity 08/16/2027 Industry Aerospace and Defense Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. Acquisition 7/31/2025 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.50%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver - LC Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2025-09-300001504619pflt:TotalInvestmentsMember2026-03-310001504619pflt:NonMoneyMarketFundMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Output Services Group, Inc. - Common Equity Acquisition 11/30/2023 Industry Business Services2025-10-012026-03-310001504619pflt:NonMoneyMarketMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services Current Coupon 8.69% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Acquisition 10/6/2023 Maturity 10/2/2029 Industry Business Services Current Coupon 9.29% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants UniTek Global Services, Inc. - Common Equity Acquisition 1/13/2015 Industry Telecommunications2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Funded Revolver Acquisition 05/24/2023 Maturity 05/25/2029 Industry Diversified Consumer Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619pflt:PriorCreditFacilityMember2024-10-012025-09-300001504619pflt:TwoThousandAndThirtySixRAssetBackedDebtMember2025-10-012026-03-310001504619pflt:InvestmentsFairValueMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619pflt:SeniorSecuritiesMember2025-04-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Funded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Term Loan Acquisition 10/18/2024 Maturity 10/19/2026 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants First Medical Holdings, LLC - Common Equity Acquisition 6/13/2025 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Five Star Parent Holdings, LLC - Preferred (Class P) Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC – Unfunded Revolver Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name The Bluebird Group, LLC Acquisition 8/9/2021 Maturity 7/28/2026 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index SOFR+5902025-09-300001504619First Lien Secured Debt Issuer Name Aechelon Technology, Inc. Acquisition 4/10/2025 Maturity 8/16/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harvest Group Topco Buyer, LLC - Unfunded Revolver Acquisitions 3/2/2026 Maturity 3/2/2032 Industry2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Paving Lessor Corp. First Lien -Term Loan Acquisition 8/28/2025 Maturity 7/1/2031 Industry Business Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC - Funded Revolver Acquisition 12/23/2020 Maturity 12/31/2026 Industry Consumer products Current Coupon 9.76% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC - Unfunded Revolver Acquisition 7/22/2021 Maturity Date 07/28/2026 Industry Professional Services2024-10-012025-09-300001504619pflt:MediaDiversifiedAndProductionMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo II, LP - Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+ 6252025-10-012026-03-310001504619pflt:CashEquivalentsSevenPointSixPercentOfNetAssetsMember2025-09-300001504619First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. Acquisition 11/18/2025 Maturity 8/29/2029 Industry Internet Software and Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5502026-03-310001504619pflt:SeniorSecuredRevolvingCreditFacilityMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2024-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services Current Coupon 9.66% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Unfunded Revolver Acquisition 8/16/2021 Maturity 08/16/2026 Industry Personal Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Term Loan Acquisition 3/1/2024 Maturity 05/01/2026 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Output Services Group, Inc. - Common Equity Acquisition 11/30/2023 Industry Business Services2025-09-300001504619First Lien Secured Debt Issuer Name SCP Clinical Research Intermediate Holdings, LLC Acquisition 01/02/2026 Maturity 01/02/2032 Industry Healthcare Providers and Services Current Coupon 8.42%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Podean Intermediate II, LLC - Preferred Equity Acquisition 8/4/2025 Industry Marketing Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants IHS Parent Holdings, LP - Common Equity Acquisition 12/21/2022 Industry Commercial Services & Supplies2025-09-300001504619First Lien Secured Debt Issuer Name Megawatt Acquisitionco, Inc. Acquisition 4/29/2024 Maturity 3/1/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252025-09-300001504619First Lien Secured Debt Issuer Name Beacon Behavioral Support Services, LLC Acquisition 10/9/2024 Maturity 6/21/2029 Industry Healthcare and Pharmaceuticals Current Coupon 9.50% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Revolver Acquisitions 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services2024-10-012025-09-3000015046192024-09-300001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-01-012026-03-310001504619us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity ORL Holdco, Inc. - Preferred Equity Acquisition 9/1/2021 Industry Consumer Finance2025-09-300001504619pflt:HamiltonLaneMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Imagine Acquisitionco, Inc. - Unfunded Revolver Acquisitions 11/4/2021 Maturity 11/16/20272026-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Term Loan Acquisition 10/18/2024 Maturity 10/19/2026 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCOM InvestCo, LP - Common Equity Acquisition 6/22/2021 Industry IT Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Term Loan Acquisition 12/31/2024 Maturity 12/31/2026 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC - Unfunded Term Loan Acquisition 8/28/2024 Maturity 08/28/2026 Industry Healthcare Technology2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. - Unfunded Term Loan Acquisition 3/1/2024 Maturity 3/2/2026 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+ 5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lightspeed Buyer, Inc. Acquisition 1/21/2020 Maturity 02/03/2027 Industry Healthcare Technology Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandThirtySixRAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Sabel InvestCo, LP. - Common Equity Acquisition 5/23/2024 Industry Government Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Term Loan Acquisition 3/1/2022 Maturity 11/25/2026 Industry Healthcare Technology2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity EvAL Home Health Solutions, LLC Acquisition 5/10/2024 Industry Healthcare, Education and Childcare2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name HEC Purchaser Corp. Acquisition 4/10/2025 Maturity 6/17/2029 Industry Healthcare and Pharmaceuticals Current Coupon 8.87% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC Acquisition 8/25/2021 Maturity 08/31/2028 Industry Construction & Engineering Current Coupon 8.77% Basis Point Spread Above Index 1M SOFR+ 5102026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Consello Pacific Aggregator, LLC - Preferred Equity Acquisition 10/2/2023 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Tyto Athene, LLC Acquisition 3/26/2021 Maturity 04/03/2028 Industry IT Services Current Coupon 9.19% Basis Point Spread Above Index 3M SOFR+ 4902025-09-300001504619pflt:MarketplaceEventsLLCMember2024-10-012025-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2025-09-300001504619First Lien Secured Debt Issuer Name MBS Holdings, Inc. Acquisition 11/18/2025 Maturity 4/27/2027 Industry Internet Software and Services Current Coupon 8.77% Basis Point Spread Above Index SOFR+5102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class B Acquisition 7/25/2023 Industry Automobiles2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Unfunded Term Loan Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Unfunded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Takeback TL Acquisition 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 10.10% Basis Point Spread Above Index SOFR+5942025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. - Unfunded Revolver Acquisition 6/29/2023 Maturity 01/15/2026 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Consello Pacific Aggregator, LLC - Preferred Equity Acquisition 10/2/2023 Industry Professional Services2025-10-012026-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001504619pflt:AutoComponentsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Business Services Current Coupon 9.96% Basis Point Spread Above Index 3M SOFR+ 5762024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Harvest Group Topco Intermediate, LLC - Common Equity Acquisition 3/2/2026 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC - Unfunded Revolver Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name By Light Professional IT Services, LLC Acquisition 8/28/2025 Maturity 7/15/2031 Industry High Tech Industries Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries Current Coupon 9.66% Basis Point Spread Above Index 1M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Funded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Schlesinger Coinvest, LLC - Common Equity Acquisition 4/22/2020 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note Acquisition 4/17/2025 Maturity 04/15/2033 Industry Consumer Services2025-09-300001504619First Lien Secured Debt Issuer Name Rancho Health MSO, Inc. Acquisition 04/11/2023 Maturity 06/20/2029 Industry Healthcare Providers and Services Current Coupon 8.69% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Term Loan Acquisition 10/12/2021 Maturity 6/12/2027 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Funded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619First Lien Secured Debt Issuer Name BLC Holding Company, Inc. Acquisition 4/10/2025 Maturity 11/20/2030 Industry Business Services Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver Acquisition 1/23/2024 Maturity 01/23/2029 Industry Media Current Coupon 12.25% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619pflt:InternetSoftwareAndServicesMember2025-09-300001504619pflt:ClassA2NotesMemberpflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:SecuredOvernightFinancingRateMember2025-02-012025-02-280001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC - Integrative Nutrition, LLC - Promissory Note #2 Acquisition 4/17/2025 Maturity 4/15/2033 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC - Unfunded Revolver Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harvest Group Topco Buyer, LLC - Unfunded Term Loan Acquisitions 3/2/2026 Maturity 3/2/2028 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Megawatt Acquisition Partners, LLC - Common Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Acquisition 01/12/2024 Maturity 10/02/2028 Industry Business Services Current Coupon 9.99% Basis Point Spread Above Index SOFR+6252026-03-310001504619First Lien Secured Debt Issuer Name Hills Distribution, Inc. Acquisition 5/3/2024 Maturity 11/8/2029 Industry Business Services Current Coupon 10.32% Basis Point Spread Above Index SOFR+6002025-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassDRSeniorSecuredFloatingRateNotesDue2038Memberpflt:SecuredOvernightFinancingRateMember2026-02-012026-02-280001504619First Lien Secured Debt Issuer Name Confluent Health, LLC Acquisition 1/12/2024 Maturity 11/30/2028 Industry Healthcare and Pharmaceuticals Current Coupon 11.66% Basis Point Spread Above Index SOFR+7502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class A Acquisition 11/8/2021 Industry Personal Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Pink Lily Holdco, LLC - Common Equity Acquisition 11/5/2021 Industry Textiles, Apparel and Luxury Goods2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TWD Parent Holdings, LLC - Common Equity Acquisition 8/25/2021 Industry Construction & Engineering2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TPC Holding Company, LP - Common Equity Acquisition 12/4/2019 Industry Food Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Duggal Acquisition, LLC Acquisition 4/10/2025 Maturity 9/30/2030 Industry Marketing Services Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Project Granite Holdings, LLC Acquisition 8/4/2025 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC - Unfunded Revolver Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Term Loan Acquisition 9/23/2024 Maturity 09/23/2026 Industry Commercial Services & Supplies2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Unfunded Revolver Acquisition 11/30/2026 Maturity 12/29/2030 Industry Containers and Packaging2026-03-310001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Takeback TL Acquisition 07/31/2025 Maturity 07/31/2029 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 9.61% Basis Point Spread Above Index SOFR+5942026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Revolver Acquisitions 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Burgess Point Holdings, LP - Common Equity Acquisition 7/21/2022 Industry Auto Components2025-10-012026-03-310001504619pflt:SBADebenturesMember2024-02-012024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TWD Parent Holdings, LLC - Common Equity Acquisition 10/27/2021 Industry Construction & Engineering2026-03-310001504619pflt:ClassDSecuredDeferrableFloatingRateLoansDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Podean Intermediate II, LLC - Common Equity Acquisition 8/4/2025 Industry Marketing Services2025-09-300001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - First-Out Term Loan Acquisition 12/1/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.71% Basis Point Spread Above Index SOFR+8432025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC Acquisition 8/9/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Unitek Global Services, Inc. - Warrants Acquisition 1/13/2015 Industry Telecommunications2025-09-300001504619pflt:TotalFirstLienSecuredDebtMember2025-09-300001504619pflt:SecondLienMemberus-gaap:FairValueInputsLevel1Member2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP Embedded Aggregator, LP - Common Equity Acquisition 12/11/2023 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Second Out Term Loan Acquisition 8/27/2025 Maturity 01/14/2031 Industry Containers and Packaging Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619us-gaap:FairValueInputsLevel2Memberpflt:FirstLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Consello Pacific Aggregator, LLC - Preferred Equity Acquisition 10/2/2023 Industry Professional Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Recteq, LLC Acquisition 2/24/2021 Maturity 1/29/2026 Industry Leisure Products Current Coupon 10.40% Basis Point Spread Above Index SOFR+6402024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Unfunded Revolver Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Seaway Buyer, LLC Acquisition 4/11/2023 Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 10.15% Basis Point Spread Above Index SOFR+6152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media Current Coupon 9.93% Basis Point Spread Above Index 3M SOFR+ 6262026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Recteq, LLC - Funded Revolver Acquisition 1/27/2021 Maturity 1/29/2026 Industry Leisure Products Current Coupon 10.46% Basis Point Spread Above Index 3M SOFR+ 6252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2025-09-3000015046192026-05-070001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II Acquisition 8/27/2025 Maturity 08/09/2025 Industry Containers and Packaging2024-10-012025-09-300001504619pflt:IncentiveFeePaymentConditionOneMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Integrity Health Intermediate, LLC - Common Equity Acquisition 2/2/2026 Industry Healthcare Providers and Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name GGG MIDCO, LLC Acquisition 11/18/2025 Maturity 9/30/2030 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619Equity Securities Issuer Name Output Services Group, Inc. - Common Equity Acquisition 12/1/2023 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies Current Coupon 9.04% Basis Point Spread Above Index 3M SOFR+ 5362025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Commercial Fire Protection Holdings, LLC Acquisition 11/26/2024 Maturity 9/23/2030 Industry Commercial Services & Supplies Current Coupon 8.50% Basis Point Spread Above Index SOFR+4502025-09-300001504619First Lien Secured Debt Issuer Name Urology Management Holdings, Inc. Acquisition 4/11/2023 Maturity 6/15/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassDSecuredDeferrableFloatingRateLoansDue2031Member2019-09-012019-09-300001504619pflt:ConsumerProductsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Funded Revolver Acquisitions 8/16/2021 Maturity 8/16/2026 Industry Personal Products Current Coupon 8.77% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 5102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC Acquisition 5/23/2024 Maturity 05/23/2029 Industry Building Products Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2024-10-012025-03-310001504619pflt:ClassDRNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619First Lien Secured Debt Issuer Name ORL Acquisition, Inc. Acquisition 5/22/2025 Maturity 9/3/2027 Industry Consumer Finance Current Coupon 13.70% Basis Point Spread Above Index SOFR+9402025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Safe Haven Defense Holdco, LLC - Common Equity Acquisition 5/23/2024 Industry Building Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants MDI Aggregator, LP - Common Equity Acquisition 7/19/2022 Industry Commodity Chemicals2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC - Funded Revolver Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Inventus Power, Inc. Acquisition 7/11/2023 Maturity 1/15/2026 Industry Consumer Goods: Durable Current Coupon 11.78% Basis Point Spread Above Index SOFR+7612024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - Second Out Term Loans Acquisition 5/22/2025 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 5.32%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class A Acquisition 11/8/2021 Industry Personal Products2025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. - Unfunded Revolver Acquisition 4/14/2021 Maturity 04/16/2027 Industry Internet Software and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Falcon Buyer, LLC - Unfunded Revolver Acquisition 7/26/2023 Maturity 08/01/2029 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Safe Haven Defense Holdco, LLC - Common Equity Acquisition 5/23/2024 Industry Building Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Wash & Wax Systems, LLC - Subordinate Debt Acquisition 4/30/2025 Maturity 07/30/2028 Industry Consumer Services Current Coupon 12.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.66% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619us-gaap:InvestmentAffiliatedIssuerControlledMemberpflt:EquityInterestsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Preferred Equity Acquisition 5/21/2019 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Revolver Acquisition 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC Acquisitions 1/9/2019 Maturity 5/11/2026 Industry Media Current Coupon 9.52% Basis Point Spread Above Index 3M SOFR+ 5852025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC - Unfunded Revolver Acquisition 4/10/2025 Maturity 4/10/2031 Industry Automobiles2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Revolver Acquisition 12/20/2024 Maturity 06/20/2029 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TWD Parent Holdings, LLC - Preferred Equity Acquisition 8/25/2021 Industry Construction & Engineering2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ACP Big Top Holdings, LP - Common Equity Acquisition 2/29/2024 Industry Construction & Engineering2026-03-310001504619pflt:JPMorganUSGovernmentMember2026-03-310001504619First Lien Secured Debt Issuer Name Paving Lessor Corp. Acquisition 1/28/2026 Maturity 7/31/2031 Industry Commercial Services & Supplies Current Coupon 8.94% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC - Unfunded Revolver Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619First Lien Secured Debt Issuer Name RRA Corporate, LLC Acquisition 04/10/2025 Maturity 08/15/2029 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Coupon 13.50%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Super Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Coupon 20.00%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 9.77% Basis Point Spread Above Index 3M SOFR+ 5752024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Halo Buyer, Inc. Acquisition 5/22/2025 Maturity 8/7/2029 Industry Consumer Products Current Coupon 10.16% Basis Point Spread Above Index SOFR+6002024-10-012025-09-300001504619First Lien Secured Debt Issuer Name RTIC Subsidiary Holdings, LLC Acquisition 11/1/2024 Maturity 5/3/2029 Industry Leisure Products Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP Acquisition 8/16/2024 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC - Unfunded Revolver Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services2025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt StoicLane, Inc. - Convertible Notes Acquisition 8/15/2024 Maturity 08/16/2027 Industry Healthcare Technology Current Coupon 12.00%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Unfunded Revolver Acquisition 7/31/2025 Maturity 07/31/2029 Industry Capital Equipment2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Funded Revolver Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors Current Coupon 9.66% Basis Point Spread Above Index 3M SOFR+ 5602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GMP Hills, LP - Common Equity Acquisition 11/2/2023 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity C5MI Holdco, LLC - Preferred Equity Acquisition 7/31/2024 Industry IT Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Unfunded Revolver Acquisitions 8/16/2021 Maturity 8/16/2026 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. Acquisition 9/3/2024 Maturity 9/3/2030 Industry Healthcare Technology Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Revolver Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Duggal Equity, LP - Common Equity Acquisition 9/30/2024 Industry Marketing Services2024-10-012025-09-300001504619pflt:TwoThousandTwentyNineNotesPayableMemberus-gaap:FairValueInputsLevel1Member2026-03-310001504619pflt:SoftwareMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC Acquisition 2/29/2024 Maturity 03/01/2030 Industry Construction & Engineering Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Funded Revolver Acquisition 8/9/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 8.66% Basis Point Spread Above Index 1M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC - Unfunded Term Loan Acquisition 9/27/2024 Maturity 9/27/2030 Industry Diversified Consumer Services2026-03-310001504619Equity Securities Issuer Name Output Services Group, Inc. - Common Equity Acquisition 12/1/2023 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Imagine Topco. LP - Preferred Equity Acquisition 11/4/2021 Industry Software Current Coupon 8.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Term Loan Acquisition 12/31/2024 Maturity 12/31/2026 Industry Professional Services2026-03-310001504619Equity Securities Issuer Name New Insight Holdings, Inc. - Common Equity Acquisition 7/15/2024 Industry Diversified Consumer Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Ro Health, LLC Acquisition 03/03/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Revolver Acquisition 9/30/2024 Maturity 09/30/2030 Industry Marketing Services2024-10-012025-09-300001504619pflt:LongTermCreditFacilityMember2025-03-310001504619First Lien Secured Debt Issuer Name CF512, Inc. Acquisition 12/27/2021 Maturity 8/20/2026 Industry Media Current Coupon 10.36% Basis Point Spread Above Index SOFR+6192024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PCS Parent, LP Acquisition 3/1/2024 Industry Professional Services2025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassCNotesMemberpflt:SecuredOvernightFinancingRateMember2025-02-012025-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Funded Revolver Acquisitions 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aftermarket Drivetrain Products Holdings, LLC - Common Equity Acquisition 12/29/2023 Industry Auto Components2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Revolver Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services2024-10-012025-09-300001504619pflt:CashThirtyPointTwoPercentOfNetAssetsMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMemberus-gaap:CashMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated Acquisition 12/17/2024 Maturity 12/17/2030 Industry Software Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619pflt:FirstLienSecuredDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ETE Intermediate II, LLC - Unfunded Revolver Acquisition 5/24/2023 Maturity 5/29/2029 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC Acquisition 1/16/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619pflt:InvestmentsAndCashEquivalentsMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class B Acquisition 7/25/2023 Industry Automobiles2026-03-310001504619First Lien Secured Debt Issuer Name Boss Industries, LLC Acquisition 11/18/2025 Maturity 12/30/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 8.45% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619pflt:BlackRockFederalFDInstitutionalThirtyMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Term Loan Acquisition 12/20/2024 Maturity 12/21/2026 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC Acquisitions 11/8/2021 Maturity 11/10/2027 Industry Personal Products2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Sabel Systems Technology Solutions, LLC Acquisition 1/31/2025 Maturity 10/30/2030 Industry IT Services Current Coupon 9.67% Basis Point Spread Above Index SOFR+6002026-03-310001504619Subordinate Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 7/30/2028 Industry Automobiles Current Coupon 12.00%2025-09-300001504619First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Acquisition 11/18/2025 Maturity 12/29/2029 Industry Aerospace and Defense Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GCP Boss Holdco, LLC Acquisition 12/27/2024 Industry Independent Power and Renewable Electricity Producers2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Spendmend Holdings, LLC Acquisition 4/11/2023 Maturity 3/1/2028 Industry Healthcare Technology Current Coupon 9.15% Basis Point Spread Above Index SOFR+5152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Revolver Acquisition 8/9/2021 Maturity 8/10/2027 Industry Trading Companies & Distributors2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II Acquisition 10/11/2022 Maturity 11/30/2026 Industry Containers and Packaging2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TCG 3.0 Jogger Co-Invest, LP - Common Equity Acquisition 1/22/2024 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Penta Group Holdings, Inc. - Common Equity Acquisition 7/31/2025 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/1/2030 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants FedHC InvestCo, LP - Unfunded Common Equity Acquisition 8/26/2021 Industry Aerospace and Defense2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Global Holdings InterCo, LLC Acquisition 2/12/2026 Maturity 9/27/2027 Industry Diversified Financial Services Current Coupon 9.28% Basis Point Spread Above Index SOFR+5602025-10-012026-03-310001504619First Lien Secured Debt Issuer Name CF512, Inc. Acquisition 12/27/2021 Maturity 8/20/2026 Industry Media Current Coupon 9.86% Basis Point Spread Above Index SOFR+6192026-03-310001504619srt:AffiliatedEntityMember2025-09-300001504619First Lien Secured Debt Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Acquisition 4/26/2024 Maturity 1/23/2029 Industry Media Current Coupon 10.52% Basis Point Spread Above Index SOFR+6502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Five Star Parent Holdings, LLC - Preferred (Class P) Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. Acquisition 02/07/2022 Maturity 11/09/2026 Industry Leisure Products Current Coupon 11.65% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Funded Revolver Acquisition 8/16/2021 Maturity 08/16/2026 Industry Personal Products Current Coupon 12.16% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 7852025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt By Light Professional IT Services, LLC - Unfunded Revolver Acquisition 7/15/2025 Maturity 07/15/2031 Industry High Tech Industries2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Funded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 10.43% Basis Point Spread Above Index 1M SOFR+ 6102024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Revolver Acquisition 8/15/2024 Maturity 08/15/2029 Industry Diversified Consumer Services2026-03-310001504619First Lien Secured Debt Issuer Name AFC-Dell Holding Corp. Acquisition 12/23/2024 Maturity 4/9/2027 Industry Distributors Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMember2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Imagine Acquisitionco, Inc. - Unfunded Revolver Acquisitions 11/4/2021 Maturity 11/16/20272025-10-012026-03-310001504619First Lien Secured Debt Issuer Name BioDerm, Inc. Acquisition 2/28/2023 Maturity 1/31/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.77% Basis Point Spread Above Index SOFR+6502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Big Top Holdings, LLC Acquisition 6/26/2024 Maturity 2/28/2030 Industry Business Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Capital Construction, LLC - Unfunded Term Loan Acquisition 6/30/2025 Maturity 12/30/2025 Industry Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tinicum Space Coast Co-Invest, LLC Acquisition 10/29/2024 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants First Medical Holdings, LLC - Common Equity Acquisition 6/13/2025 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Term Loan Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors2025-09-300001504619First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. Acquisition 04/11/2023 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002026-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:TwoThousandTwentySixNotesPayableMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Unfunded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Compex Legal Services, Inc. - Unfunded Revolver Acquisition 1/27/2020 Maturity 02/07/2026 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HPA SPQ Aggregator, LP - Common Equity Acquisition 6/8/2023 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Funded Revolver Acquisition 02/07/2025 Maturity 08/07/2029 Industry Consumer products Current Coupon 10.16% Basis Point Spread Above Index 1M SOFR+ 6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Safe Haven Defense US, LLC - Unfunded Revolver Acquisition 5/23/2024 Maturity 05/23/2029 Industry Building Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. - Unfunded Revolver Acquisition 6/8/2023 Maturity 06/15/2029 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PD Tri-State Holdco, LLC - Unfunded Term Loan Acquisition 10/14/2025 Maturity 10/14/2027 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Tower Arch Infolinks Media, LP - Common Equity Acquisition 2/24/2021 Industry Media2026-03-310001504619First Lien Secured Debt Issuer Name Megawatt Acquisitionco, Inc. Acquisition 04/29/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HPA SPQ Aggregator, LP - Common Equity Acquisition 6/8/2023 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name Dynata, LLC - First Out Term Loan (5) Acquisition 7/15/2024 Maturity 7/17/2028 Industry Diversified Consumer Services Current Coupon 8.91% Basis Point Spread Above Index SOFR+5762026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants RFMG Parent, LP - Common Equity Acquisition 12/16/2020 Industry Healthcare Equipment and Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 3/1/2023 Maturity 03/01/2029 Industry Wholesale2025-09-300001504619pflt:ClassDRNotesMemberpflt:SecuredOvernightFinancingRateMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-252024-07-250001504619First Lien Secured Debt Issuer Name Podean Buyer, LLC Acquisition 11/04/2025 Maturity 08/04/2031 Industry Education Current Coupon 9.70%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TPC Holding Company, LP - Common Equity Acquisition 12/4/2019 Industry Food Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Galt Newco, LLC - Unfunded Revolver Acquisition 3/27/2026 Maturity 3/27/2032 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.41% Basis Point Spread Above Index 3M SOFR+ 6352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beta Plus Technologies, Inc. Acquisition 2/29/2024 Maturity 07/02/2029 Industry Internet Software and Services Current Coupon 9.45% Basis Point Spread Above Index 1M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Term Loan Acquisition 3/21/2025 Maturity 03/21/2027 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Marketplace Events Acquisition, LLC - Common Equity Acquisition 12/19/2024 Industry Media2026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2024-10-012025-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Revolver Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC Acquisition 7/31/2024 Maturity 07/31/2029 Industry IT Services Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619First Lien Secured Debt Issuer Name The Bluebird Group, LLC Acquisition 11/18/2025 Maturity 7/26/2026 Industry Professional Services Current Coupon 9.60% Basis Point Spread Above Index SOFR+5902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SCP Clinical Research Intermediate Holdings, LLC Acquisition 1/2/2026 Maturity 01/02/2032 Industry Healthcare Providers and Services Current Coupon 8.42%2026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2026-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media Current Coupon 12.75% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants 48Forty TopCo LLC - Class A-1 Common Equity Acquisition 8/27/2025 Industry Containers and Packaging2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants LJ Avalon, LP - Common Equity Acquisition 1/18/2023 Industry Construction & Engineering2025-10-012026-03-310001504619pflt:EquityInterestsMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619us-gaap:FairValueInputsLevel2Memberpflt:SecondLienMember2025-09-300001504619First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC Acquisition 11/30/2021 Maturity 11/10/2027 Industry Personal Products Current Coupon 10.15% Basis Point Spread Above Index SOFR+6152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC Acquisition 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752026-03-3100015046192024-10-012025-03-310001504619pflt:ConstructionAndEngineeringMember2025-09-300001504619First Lien Secured Debt Issuer Name DRI Holding Inc. Acquisition 9/15/2022 Maturity 12/21/2028 Industry Media Current Coupon 9.51% Basis Point Spread Above Index SOFR+5352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC Acquisition 11/08/2021 Maturity 11/10/2027 Industry Personal Products Current Coupon 10.19% Basis Point Spread Above Index 3M SOFR+ 6152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Funded Revolver Acquisition 1/16/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services Current Coupon 8.18% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619pflt:TwoThousandThirtySixRAssetBackedDebtMemberus-gaap:FairValueInputsLevel1Member2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Gauge ETE Blocker, LLC Acquisition 5/24/2023 Maturity 5/21/2029 Industry Diversified Consumer Services Current Coupon 12.56%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC - Unfunded Revolver Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants By Light Investco LP - Common Equity Acquisition 5/15/2017 Industry High Tech Industries2024-10-012025-09-300001504619pflt:TwoThousandThirtySevenAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants BioDerm Holdings, LP - Common Equity Acquisition 1/30/2023 Industry Healthcare Equipment and Supplies2026-03-310001504619pflt:IncentiveFeePaymentConditionThreeMember2025-10-012026-03-310001504619Investments in Controlled, Affiliated Portfolio Companies Equity Interests PennantPark Senior Secured Loan Fund I LLC - Common Equity Acquisition 8/10/2020 Industry Financial Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity Acquisition 12/4/2019 Industry Personal Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Highwire Public Relations, LLC - Unfunded Revolver Acquisitions 1/12/2026 Maturity 1/12/2031 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619pflt:TwoThousandAndTwentyNineNotesMember2026-03-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt StoicLane, Inc. - Convertible Notes Acquisition 8/15/2024 Maturity 8/16/2027 Industry Healthcare Technology Current Coupon 12.00%2024-10-012025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC Acquisition 12/23/2020 Maturity 12/31/2026 Industry Insurance Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5602026-03-310001504619pflt:SeniorSecuredRevolvingCreditFacilityMember2024-12-310001504619us-gaap:FairValueInputsLevel2Member2025-09-300001504619pflt:CashTwentyThreePointThreePercentOfNetAssetsMemberus-gaap:CashMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Output Services Group, Inc. - Common Equity Acquisition 11/30/2023 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC - Unfunded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Azureon Holdings, LLC Acquisition 6/26/2024 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Term Loan Acquisition 7/1/2025 Maturity 07/01/2027 Industry Business Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Burgess Point Purchaser Corporation Acquisition 10/3/2022 Maturity 7/25/2029 Industry Automotive Current Coupon 9.51% Basis Point Spread Above Index SOFR+5352025-09-300001504619First Lien Secured Debt Issuer Name Medina Health, LLC Acquisition 11/18/2025 Maturity 10/28/2028 Industry Healthcare and Pharmaceuticals Current Coupon 9.95% Basis Point Spread Above Index SOFR+6252026-03-310001504619pflt:TwoThousandThirtySevenAssetBackedDebtMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-03-310001504619pflt:PennantParkCLOVILLCMember2023-04-012023-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC - Unfunded Revolver Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Schlesinger Global, Inc. - Funded Revolver Acquisition 10/24/2019 Maturity 10/24/2025 Industry Professional Services Current Coupon 12.76% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+8602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Term Loan Acquisition 6/26/2024 Maturity 11/26/2027 Industry Diversified Consumer Services2026-03-310001504619First Lien Secured Debt Issuer Name GGG MIDCO, LLC Acquisition 4/10/2025 Maturity 9/27/2030 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Revolver Acquisition 9/23/2024 Maturity 09/23/2030 Industry Commercial Services & Supplies2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Municipal Emergency Services, Inc. - Unfunded Term Loan Acquisition 9/23/2021 Maturity 01/15/2026 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC - Unfunded Revolver Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Funded Revolver Acquisition 8/15/2024 Maturity 8/15/2029 Industry Diversified Consumer Services Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NORA Parent Holdings, LLC - Common Equity Acquisition 8/22/2023 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class C Acquisition 5/3/2024 Industry Leisure Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Second out Term Loan Acquisition 11/30/2026 Maturity 1/14/2031 Industry Containers and Packaging2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Unfunded Revolver Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services2025-10-012026-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMember2026-01-012026-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassDSecuredDeferrableFloatingRateLoansDue2031Member2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/1/2030 Industry Aerospace and Defense Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity UniTek Global Services, Inc. - Senior Preferred Equity Acquisition 1/13/2015 Industry Telecommunications Current Coupon 19.00%2026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassDRSeniorSecuredFloatingRateNotesDue2038Member2026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Funded Revolver Acquisition 1/16/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. Acquisition 9/3/2024 Maturity 09/03/2030 Industry Healthcare Technology Current Coupon 8.74% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC - Unfunded Revolver Acquisition 8/4/2025 Maturity 8/4/2031 Industry Marketing Services2025-09-300001504619us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity NXOF Holdings, Inc. - Preferred Equity Acquisition 9/25/2018 Industry IT Services2025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619First Lien Secured Debt Issuer Name Big Top Holdings, LLC Acquisition 6/26/2024 Maturity 3/1/2030 Industry Business Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC Acquisition 6/19/2019 Maturity 06/21/2027 Industry Healthcare Equipment and Supplies Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services Current Coupon 10.31% Basis Point Spread Above Index 3M SOFR+ 6252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Revolver Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Litigation DIP Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale Current Coupon 10.00%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. - Unfunded Revolver Acquisition 9/1/2021 Maturity 9/3/2027 Industry Consumer Finance2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. - Funded Revolver Acquisition 7/19/2022 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 10.50% Basis Point Spread Above Index Prime+ 3502026-03-310001504619us-gaap:FairValueInputsLevel3Member2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Funded Revolver Acquisitions 12/17/2024 Maturity 12/17/2030 Industry Software Current Coupon 11.00% Basis Point Spread Above Index 3M SOFR+ 4252025-10-012026-03-310001504619First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Acquisition 4/11/2023 Maturity 2/1/2030 Industry Environmental Industries Current Coupon 8.77% Basis Point Spread Above Index SOFR+4502024-10-012025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:SubordinatedNotesMember2025-02-280001504619First Lien Secured Debt Issuer Name C5MI Acquisition, LLC Acquisition 3/7/2025 Maturity 7/31/2029 Industry IT Services Current Coupon 10.00% Basis Point Spread Above Index SOFR+6002024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MAG DS Corp. Acquisition 9/21/2020 Maturity 4/01/2027 Industry Aerospace and Defense Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+ 5602024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Acquisition 1/12/2024 Maturity 10/2/2028 Industry Business Services Current Coupon 10.42% Basis Point Spread Above Index SOFR+6252024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2024-10-012025-03-310001504619First Lien Secured Debt Issuer Name Medina Health, LLC Acquisition 11/6/2023 Maturity 10/20/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.25% Basis Point Spread Above Index SOFR+6252025-09-300001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandTwentySixNotesPayableMember2025-09-300001504619pflt:PSSLSubsidiaryIIMembersrt:MaximumMember2026-03-310001504619pflt:ClassA2RNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Paving Lessor Corp. First Lien -Term Loan Acquisition 8/28/2025 Maturity 7/1/2031 Industry Business Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. - Funded Revolver Acquisition 1/30/2023 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.77% Basis Point Spread Above Index 1M SOFR+ 6502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smartronix, LLC Acquisition 2/6/2025 Maturity 2/6/2032 Industry Aerospace and Defense Current Coupon 8.66% Basis Point Spread Above Index 1M SOFR+ 4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC Acquisition 8/4/2025 Maturity 08/04/2031 Industry Marketing Services Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC Acquisition 8/29/2025 Maturity 08/19/2026 Industry Healthcare Equipment and Supplies Current Coupon 9.52% Basis Point Spread Above Index 1M SOFR+ 5852026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC Acquisition 2/29/2024 Maturity 03/01/2030 Industry Construction & Engineering Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619pflt:EquityInterestsMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC. - Unfunded Revolver Acquisition 12/19/2022 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619pflt:PennantParkCLO12LLCMember2025-04-012025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. Acquisition 12/20/2024 Maturity 6/20/2029 Industry Healthcare Equipment and Supplies Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC Acquisition 1/18/2023 Maturity 02/01/2030 Industry Construction & Engineering Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC - Unfunded Revolver Acquisition 1/9/2019 Maturity 05/11/2026 Industry Media2025-09-300001504619First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Acquisition 12/27/2021 Maturity 12/20/2027 Industry Aerospace and Defense Current Coupon 10.10% Basis Point Spread Above Index SOFR+6902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC Acquisition 8/25/2021 Maturity Date 8/31/2028 Industry Construction & Engineering Current Coupon 9.01% Basis Point Spread Above Index 1M SOFR+ 4952024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver - LC Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hancock Roofing and Construction, LLC - Funded Revolver Acquisition 12/23/2020 Maturity 12/31/2026 Industry Insurance Current Coupon 9.27% Basis Point Spread Above Index 3M SOFR+ 5602026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:ClassA1NotesMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver Acquisition 1/23/2024 Maturity 1/23/2029 Industry Media2026-03-310001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - First-Out Term Loan Acquisition 12/1/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.71% Basis Point Spread Above Index SOFR+8432024-10-012025-09-300001504619pflt:PriorCreditFacilityMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Project Granite Holdings, LLC Acquisition 8/4/2025 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Municipal Emergency Services, Inc. - Unfunded Revolver Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors2025-09-300001504619First Lien Secured Debt Issuer Name TPC US Parent, LLC Acquisition 04/11/2023 Maturity 04/20/2026 Industry Consumer Goods: Non-Durable Current Coupon 9.56% Basis Point Spread Above Index SOFR+5902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Puget Collision, LLC Acquisition 10/3/2025 Maturity 10/03/2030 Industry Automobiles Current Coupon 8.42% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC Acquisitions 1/26/2024 Maturity 1/20/2031 Industry Metals and Mining Current Coupon 8.44% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Impact Advisors, LLC Acquisition 1/27/2026 Maturity 3/32/2032 Industry Healthcare Technology Current Coupon 8.19% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Duggal Equity, LP - Common Equity Acquisition 9/30/2024 Industry Marketing Services2025-09-300001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Takeback TL Acquisition 07/31/2025 Maturity 07/31/2029 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 9.61% Basis Point Spread Above Index SOFR+5942025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Project Granite Buyer, Inc. Acquisition 11/18/2025 Maturity 12/30/2030 Industry Professional Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Megawatt Acquisition Partners, LLC - Preferred Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619First Lien Secured Debt Issuer Name Lash OpCo, LLC Acquisition 10/14/2021 Maturity 2/18/2027 Industry Personal Products Current Coupon 12.16% Basis Point Spread Above Index SOFR+7852025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Funded Revolver Acquisition 11/08/2021 Maturity 11/10/2026 Industry Personal Products Current Coupon 10.15% Basis Point Spread Above Index 3M SOFR+ 6152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Arcfield Acquisition Corp. - Unfunded Revolver Acquisition 10/28/2024 Maturity 10/28/2031 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Meadowlark Title, LLC - Common Equity Acquisition 12/9/2021 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 3/1/2029 Industry Wholesale2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Term Loan Acquisition 7/17/2025 Maturity 07/16/2027 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Unfunded Common Equity Acquisition 12/16/2020 Industry IT Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Term Loan Acquisition 6/21/2024 Maturity 12/22/2025 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC - Funded Revolver Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 6002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 4/30/2028 Industry Automobiles Current Coupon 9.81% Basis Point Spread Above Index SOFR+5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Term Loan Acquisition 9/23/2024 Maturity 09/23/2026 Industry Commercial Services & Supplies2026-03-310001504619First Lien Secured Debt Issuer Name HEC Purchaser Corp. Acquisition 4/10/2025 Maturity 6/17/2029 Industry Healthcare and Pharmaceuticals Current Coupon 8.87% Basis Point Spread Above Index SOFR+5002025-09-300001504619pflt:CommonEquityWarrantsMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Bluebird Group, LLC Acquisition 7/22/2021 Maturity 07/28/2026 Industry t Team Services Group, LLC Maturity 12/20/202 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902025-09-300001504619First Lien Secured Debt Issuer Name PCS MIDCO, Inc. Acquisition 04/10/2025 Maturity 03/01/2030 Industry Diversified Consumer Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC - Unfunded Revolver Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Common Equity Acquisition 5/21/2019 Industry Media2025-09-300001504619pflt:ClassA1RNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-250001504619First Lien Secured Debt Issuer Name Graffiti Buyer, Inc. Acquisition 3/15/2022 Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 9.80% Basis Point Spread Above Index SOFR+5602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity C5MI Holdco, LLC - Preferred Equity Acquisition 7/31/2024 Industry IT Services2025-09-300001504619Equity Securities Issuer Name Wash & Wax Group, LP - Common Equity Acquisition 4/30/2025 Industry Automobiles2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Unfunded Revolver Acquisition 8/17/2021 Maturity 09/01/2026 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ad.Net Holdings, Inc. - Common Equity Acquisition 5/4/2021 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants StellPen Holdings, LLC (CF512, Inc.) - Common Equity Acquisition 8/17/2021 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC - Unfunded Revolver Acquisition 8/15/2024 Maturity 8/15/2029 Industry Diversified Consumer Services2025-09-300001504619us-gaap:CashMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Real Life Intermediate Holdings LLC Acquisition 1/16/2026 Maturity 01/16/2031 Industry Real Estate Management and Development Current Coupon 8.67%2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Municipal Emergency Services, Inc. - Unfunded Term Loan Acquisition 9/23/2021 Maturity 01/15/2026 Industry Distributors2024-10-012025-09-300001504619pflt:AdministratorMember2025-10-012026-03-3100015046192025-10-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services Current Coupon 8.69% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC Acquisition 4/17/2025 Maturity 4/15/2030 Industry Diversified Consumer Services2025-09-300001504619First Lien Secured Debt Issuer Name Argano, LLC Acquisition 1/27/2026 Maturity 9/29/2029 Industry Software Current Coupon 9.18% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Revolver Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt ORL Holdco, Inc. - Unfunded Convertible Notes Acquisition 8/2/2024 Maturity 03/8/2028 Industry Consumer Finance2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants North Haven Saints Equity Holdings, LP - Common Equity Acquisition 2/25/2022 Industry Healthcare Technology2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Walker Edison Furniture Company, LLC - New Money DIP Acquisition 8/29/2025 Maturity 3/1/2029 Industry Wholesale Current Coupon 10.00%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC - Unfunded Term Loan Acquisition 9/23/2024 Maturity 09/23/2026 Industry Commercial Services & Supplies2025-09-300001504619pflt:TwoThousandThirtySixRAssetBackedDebtMember2026-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 9.77% Basis Point Spread Above Index 3M SOFR+ 5752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Rosco Topco, LLC - Common Equity Acquisition 12/16/2020 Industry Business Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Gauge Schlesinger Coinvest, LLC - Preferred Equity Acquisition 4/22/2020 Industry Professional Services2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandThirtyEightRAssetBackedDebtMember2026-03-310001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - Last-Out Term Loan Acquisition 12/01/2023 Maturity 05/30/2028 Industry Business Services Current Coupon 10.41% Basis Point Spread Above Index SOFR+6672026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Term Loan Acquisition 9/29/2025 Maturity 09/30/2027 Industry Healthcare Providers and Services2025-09-300001504619pflt:SoftwareMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC. - Unfunded Revolver Acquisition 12/19/2022 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Term Loan Acquisition 5/24/2023 Maturity 07/12/2026 Industry Personal Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt EDS Buyer, LLC Acquisition 12/19/2022 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.49% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ad.net Acquisition, LLC - Unfunded Revolver Acquisition 5/4/2021 Maturity 05/07/2026 Industry Media2025-09-300001504619Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt PennantPark Senior Secured Loan Fund II, LLC Acquisition 11/18/2025 Maturity 11/18/2025 Industry Financial Services Current Coupon 11.89% Basis Point Spread Above Index 3M SOFR+ 8002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC - Unfunded Revolver Acquisition 1/9/2019 Maturity 05/11/2026 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Term Loan Acquisition 6/21/2024 Maturity 12/22/2025 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC - Unfunded Term Loan Acquisition 8/12/2025 Maturity 07/30/2027 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Common Equity Acquisition 11/5/2018 Industry Software2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Revolver Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series G-2 Acquisition 12/7/2023 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Revolver Acquisition 8/9/2024 Maturity 8/9/2030 Industry Professional Services2026-03-310001504619First Lien Secured Debt Issuer Name Case Works, LLC Acquisition 4/10/2025 Maturity 10/1/2029 Industry Professional Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Safe Haven Defense US, LLC Acquisition 09/19/2024 Maturity 05/23/2029 Industry Construction and Building Current Coupon 9.22% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Hills Distribution, Inc. Acquisitions 11/2/2023 Maturity 11/8/2029 Industry Distributors Current Coupon 9.19% Basis Point Spread Above Index 1M SOFR+ 5502026-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:SecuredOvernightFinancingRateMember2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMembersrt:MinimumMemberpflt:FirstLienMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Revolver Acquisition 8/09/2024 Maturity 08/09/2030 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants First Medical Holdings, LLC - Common Equity Acquisition 6/13/2025 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Term Loan Acquisitions 12/29/2023 Maturity 09/30/2026 Industry Diversified Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Term Loan Acquisition 7/1/2025 Maturity 7/1/2027 Industry Business Services2025-09-300001504619First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC Acquisition 1/13/2025 Maturity 12/19/2030 Industry Media Current Coupon 9.12% Basis Point Spread Above Index SOFR+5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC - Unfunded Revolver Acquisitions 1/9/2019 Maturity 5/11/2026 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services2025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMemberpflt:GoldmanSachsFinancialSquareGovernmentFundOneMember2026-03-310001504619pflt:IncentiveFeePaymentConditionOneMembersrt:MaximumMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name One Stop Mailing, LLC Acquisition 7/8/2021 Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 10.53% Basis Point Spread Above Index SOFR+6362025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Project Granite Holdings, LLC Acquisition 12/31/2024 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Unfunded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense2026-03-310001504619pflt:TwoThousandThirtyEightRAssetBackedDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. - Unfunded Revolver Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC Acquisition 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 10.41% Basis Point Spread Above Index 3M SOFR+ 6352025-09-300001504619First Lien Secured Debt Issuer Name MBS Holdings, Inc. Acquisition 06/08/2021 Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 8.77% Basis Point Spread Above Index SOFR+5102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Express Wash Acquisition Company, LLC Acquisition 04/10/2025 Maturity 04/10/2031 Industry Automobiles Current Coupon 10.58% Basis Point Spread Above Index 3M SOFR+ 6252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services2024-10-012025-09-300001504619Subordinate Debt Issuer Name Integrative Nutrition, LLC - Promissory Note #1 Acquisition 4/17/2025 Maturity 4/15/2030 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.15% Basis Point Spread Above Index 3M SOFR+ 6152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants EDS Topco, LP - Common Equity Acquisition 12/19/2022 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Term Loan Acquisition 12/20/2024 Maturity 12/21/2026 Industry Diversified Consumer Services2026-03-310001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - Last-Out Term Loan Acquisition 12/1/2023 Maturity 5/30/2028 Industry Business Services Current Coupon 10.96% Basis Point Spread Above Index SOFR+6682024-10-012025-09-300001504619First Lien Secured Debt Issuer Name CJX Borrower, LLC Acquisition 7/29/2021 Maturity 7/13/2027 Industry Media Current Coupon 9.41% Basis Point Spread Above Index SOFR+5762026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Revolver Acquisition 7/1/2025 Maturity 7/1/2031 Industry Business Services2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SubordinateDebtMember2026-03-310001504619pflt:TwoThousandTwentyNineNotesPayableMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2026-03-310001504619First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC Acquisition 1/29/2022 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.65% Basis Point Spread Above Index SOFR+5652024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Municipal Emergency Services, Inc. - Common Equity Acquisition 9/28/2021 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index 1M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aechelon InvestCo, LP - Unfunded Common Equity Acquisition 8/16/2024 Industry Aerospace and Defense2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC - Unfunded Revolver Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC - Unfunded Revolver Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RRA Corporate, LLC Acquisition 8/15/2024 Maturity 08/15/2029 Industry Diversified Consumer Services Current Coupon 8.94% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants BioDerm Holdings, LP - Common Equity Acquisition 1/30/2023 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619pflt:GoldmanSachsFinancialSquareGovernmentFundOneMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity - Incremental Acquisition 6/27/2022 Industry Healthcare Providers and Services2024-10-012025-09-300001504619pflt:ClassA1LAFloatingRateMemberpflt:TwoThousandAndThirtySevenAssetBackedDebtMember2025-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Emergency Care Partners, LLC Acquisition 10/18/2024 Maturity 10/18/2027 Industry Healthcare Providers and Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC Acquisition 11/01/2024 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.20% Basis Point Spread Above Index SOFR+5252026-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Unfunded Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Wash & Wax Systems LLC Acquisition 4/30/2025 Maturity 04/30/2028 Industry Automobiles Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Municipal Emergency Services, Inc. Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors Current Coupon 9.15% Basis Point Spread Above Index 3M SOFR+ 5152025-09-300001504619pflt:GoldmanSachsFinancialSquareGovernmentFundMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Case Works, LLC - Unfunded Revolver Acquisition 10/1/2024 Maturity 10/01/2029 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Connatix Parent, LLC Acquisition 7/8/2021 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Keel Platform, LLC - Unfunded Term Loan Acquisition 1/26/2024 Maturity 01/20/2031 Industry Metals and Mining2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Unfunded Term Loan Acquisition 12/19/2024 Maturity 06/19/2026 Industry Media2025-09-300001504619First Lien Secured Debt Issuer Name MBS Holdings, Inc. Acquisition 6/8/2021 Maturity 4/16/2027 Industry Internet Software and Services Current Coupon 9.30% Basis Point Spread Above Index SOFR+5102025-09-300001504619First Lien Secured Debt Issuer Name Pacific Purchaser, LLC Acquisition 01/12/2024 Maturity 10/02/2028 Industry Business Services Current Coupon 9.99% Basis Point Spread Above Index SOFR+6252025-10-012026-03-310001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - First Out New Money Term Loans Acquisition 10/24/2024 Maturity 10/03/2029 Industry Air Freight and Logistics2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassB1SeniorSecuredFloatingRateNotesDue2031Member2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC - Unfunded Term Loan C Acquisition 08/09/2024 Maturity 08/18/2027 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 8.46% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619us-gaap:GovernmentMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media Current Coupon 9.86% Basis Point Spread Above Index 3M SOFR+ 6192025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Third out Term Loan Acquisition 11/30/2026 Maturity 1/14/2031 Industry Containers and Packaging2026-03-310001504619First Lien Secured Debt Issuer Name PCS MIDCO, Inc. Acquisition 4/10/2025 Maturity 3/1/2030 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC Acquisitions 3/21/2025 Maturity 3/19/2032 Industry Business Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class D Acquisition 5/3/2024 Industry Leisure Products2025-09-300001504619First Lien Secured Debt Issuer Name Dynata, LLC - Last Out Term Loan Acquisition 7/15/2024 Maturity 10/16/2028 Industry Diversified Consumer Services Current Coupon 9.96% Basis Point Spread Above Index SOFR+5762024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 03/01/2029 Industry Wholesale2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Term Loan Acquisition 9/30/2024 Maturity 9/30/2026 Industry Marketing Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/1/2030 Industry Aerospace and Defense Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Lightspeed Investment Holdco, LLC - Common Equity Acquisition 1/21/2020 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Unitek Global Services, Inc. - Warrants Acquisition 6/27/2022 Industry Telecommunications2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Funded Revolver Acquisition 8/25/2021 Maturity Date 8/31/2028 Industry Construction & Engineering Current Coupon 8.99% Basis Point Spread Above Index 1M SOFR+ 4952024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Imagine Acquisitionco, Inc. Acquisition 3/15/2022 Maturity 11/15/2027 Industry Software Current Coupon 8.75% Basis Point Spread Above Index SOFR+5102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Azureon Holdings, LLC Acquisition 6/26/2024 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Podean Intermediate II, LLC - Common Equity Acquisition 11/18/2025 Industry Marketing Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt One Stop Mailing, LLC Acquisition 5/26/2021 Maturity 05/07/2027 Industry Air Freight and Logistics Current Coupon 10.03% Basis Point Spread Above Index 3M SOFR+ 6362025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MBS Holdings, Inc. Acquisition 11/18/2025 Maturity 4/27/2027 Industry Internet Software and Services Current Coupon 8.77% Basis Point Spread Above Index SOFR+5102026-03-310001504619First Lien Secured Debt Issuer Name Sales Benchmark Index, LLC Acquisition 01/27/2021 Maturity 07/07/2026 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index SOFR+6202026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Term Loan Acquisition 3/1/2022 Maturity 11/25/2026 Industry Healthcare Technology2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Harris & Co, LLC Acquisition 11/26/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt OSP Embedded Purchaser, LLC - Unfunded Revolver Acquisition 12/11/2023 Maturity 12/17/2029 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Revolver Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity BioDerm Holdings, LP - Preferred Equity Acquisition 1/23/2030 Industry Healthcare Equipment and Supplies2025-09-300001504619First Lien Secured Debt Issuer Name MAG DS Corp. Acquisition 9/27/2023 Maturity 4/1/2027 Industry Aerospace and Defense Current Coupon 9.60% Basis Point Spread Above Index SOFR+5602024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Capital Construction, LLC Acquisition 8/28/2025 Maturity 10/22/2026 Industry Consumer Services Current Coupon 9.59% Basis Point Spread Above Index SOFR+5902026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMemberpflt:FirstLienSecuredDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Integrity Health Purchaser, LLC Acquisitions 2/2/2026 Maturity 2/2/2032 Industry Healthcare Providers and Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name EvAL Home Care Solutions Intermediate, LLC Acquisition 7/10/2024 Maturity 5/10/2030 Industry Healthcare and Pharmaceuticals Current Coupon 9.42% Basis Point Spread Above Index SOFR+5752026-03-310001504619First Lien Secured Debt Issuer Name AFC-Dell Holding Corp. Acquisition 12/23/2024 Maturity 4/9/2027 Industry Distributors Current Coupon 9.83% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants C5MI Holdco, LLC - Common Equity Acquisition 7/31/2024 Industry IT Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Five Star Parent Holdings, LLC - Common Equity Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MBS Holdings, Inc. - Unfunded Revolver Acquisition 4/14/2021 Maturity 04/16/2027 Industry Internet Software and Services2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel2Memberus-gaap:EquityMethodInvestmentsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NORA Acquisition, LLC - Unfunded Revolver Acquisitions 8/22/2023 Maturity 08/31/2029 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Amsive Holdings Corporation Acquisition 3/2/2020 Maturity 12/10/2026 Industry Media Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+ 6252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants GGG Topco, LLC Acquisition 9/27/2024 Industry Diversified Consumer Services2025-09-300001504619First Lien Secured Debt Issuer Name ETE Intermediate II, LLC Acquisition 11/18/2025 Maturity 5/29/2029 Industry Auto Components Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC Acquisition 01/13/2025 Maturity 12/19/2030 Industry Media Current Coupon 8.99% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2025-03-310001504619First Lien Secured Debt Issuer Name The Bluebird Group, LLC Acquisition 08/09/2021 Maturity 07/28/2026 Industry Professional Services Current Coupon 9.60% Basis Point Spread Above Index SOFR+5902025-10-012026-03-310001504619First Lien Secured Debt Issuer Name APT OPCO, LLC Acquisition 11/18/2025 Maturity 9/31/2031 Industry Healthcare Providers & Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Acquisition 12/2/2025 Maturity 2/30/2030 Industry Construction and Engineering Current Coupon 8.15% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants TWD Parent Holdings, LLC - Common Equity Acquisition 10/27/2021 Industry Construction & Engineering2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberpflt:LongTermCreditFacilityMember2026-03-310001504619First Lien Secured Debt Issuer Name Exigo Intermediate II, LLC Acquisition 11/21/2022 Maturity 3/15/2027 Industry Software Current Coupon 10.02% Basis Point Spread Above Index SOFR+6352026-03-310001504619First Lien Secured Debt Issuer Name TMII Enterprises, LLC Acquisition 4/11/2023 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.66% Basis Point Spread Above Index SOFR+4502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. Acquisition 7/31/2025 Maturity 07/31/2029 Industry Capital Equipment Current Coupon 10.10% (PIK 3.44%)2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SCP Clinical Research Intermediate Holdings. LLC - Unfunded Revolver Acquisition 1/2/2026 Maturity 01/02/2032 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Alpine Acquisition Corp II - Unfunded Term Loan Acquisition 8/27/2025 Maturity 12/29/2030 Industry Containers and Packaging2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ro Health Holdings, Inc. - Common Equity Acquisition 1/16/2025 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.15% Basis Point Spread Above Index 3M SOFR+ 6152025-09-300001504619First Lien Secured Debt Issuer Name Exigo Intermediate II, LLC Acquisition 11/21/2022 Maturity 3/15/2027 Industry Software Current Coupon 10.02% Basis Point Spread Above Index SOFR+6352025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity BioDerm Holdings, LP - Preferred Equity Acquisition 1/30/2023 Industry Healthcare Equipment and Supplies2026-03-310001504619First Lien Secured Debt Issuer Name Sabel Systems Technology Solutions, LLC Acquisition 1/31/2025 Maturity 10/30/2030 Industry IT Services Current Coupon 9.67% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC Acquisition 8/9/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Exigo, LLC - Common Equity Acquisition 3/10/2022 Industry Software2026-03-310001504619First Lien Secured Debt Issuer Name SV-Aero Holdings, LLC Acquisition 10/31/2024 Maturity 11/1/2030 Industry Aerospace and Defense Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP Embedded Aggregator, LP - Common Equity Acquisition 12/11/2023 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Unitek Global Services, Inc. - Warrants Acquisition 6/27/2022 Industry Telecommunications2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619First Lien Secured Debt Issuer Name Lucky Bucks, LLC - Last-Out Term Loan Acquisition 5/20/2024 Maturity 10/2/2029 Industry Hotel, Gaming and Leisure Current Coupon 11.66% Basis Point Spread Above Index SOFR+7652024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants A1 Garage Equity, LLC - Common Equity Acquisition 12/19/2022 Industry Commercial Services & Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC - Unfunded Revolver Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:ClassCNotesMemberpflt:SecuredOvernightFinancingRateMember2025-10-012026-03-310001504619pflt:ConsumerServicesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Funded Revolver Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media Current Coupon 10.18% Basis Point Spread Above Index 3M SOFR+ 6022024-10-012025-09-300001504619First Lien Secured Debt Issuer Name ORL Acquisition, Inc. Acquisition 05/22/2025 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 13.10% Basis Point Spread Above Index SOFR+9402026-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassDSecuredDeferrableFloatingRateLoansDue2031Memberpflt:SecuredOvernightFinancingRateMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated Acquisition 12/17/2024 Maturity 12/17/2030 Industry Software Current Coupon 9.25% Basis Point Spread Above Index 3M SOFR+ 5252024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Five Star Parent Holdings, LLC - Preferred (Class P) Acquisition 2/21/2023 Industry Hotels, Restaurants and Leisure2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series K-2 Acquisition 12/7/2023 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC Acquisition 12/23/2019 Maturity 07/07/2026 Industry Professional Services Current Coupon 9.87% Basis Point Spread Above Index 3M SOFR+ 6202026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Unfunded Common Equity Acquisition 6/27/2022 Industry Healthcare Providers and Services2025-10-012026-03-310001504619pflt:DiversifiedConsumerServicesMember2026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants MDI Aggregator, LP - Common Equity Acquisition 7/19/2022 Industry Commodity Chemicals2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC - Unfunded Revolver Acquisition 9/30/2024 Maturity 9/30/2030 Industry Marketing Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note Acquisition 4/17/2025 Maturity 04/15/2030 Industry Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 8.46% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt One Stop Mailing, LLC Acquisitions 5/26/2021 Maturity 05/07/2027 Industry Air Freight and Logistics Current Coupon 10.53% Basis Point Spread Above Index 3M SOFR+ 6362024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MES Intermediate, Inc. Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors Current Coupon 8.41% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:TwoThousandTwentySixNotesPayableMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants KL Stockton Co-Invest, LP - Common Equity Acquisition 7/16/2021 Industry Energy Equipment and Services2026-03-310001504619First Lien Secured Debt Issuer Name Ad.net Acquisition, LLC Acquisition 5/24/2021 Maturity 5/7/2026 Industry Media Current Coupon 9.96% Basis Point Spread Above Index SOFR+6262026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Funded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 8.85% Basis Point Spread Above Index 3M SOFR+ 5152026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants NEPRT Parent Holdings, LLC - Common Equity Acquisition 1/27/2021 Industry Leisure Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Output Services Group, Inc. - First-out Term Loan Acquisition 11/30/2023 Maturity 11/30/2028 Industry Business Services Current Coupon 12.16% Basis Point Spread Above Index 3M SOFR+ 8432025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Emergency Care Partners, LLC Acquisition 11/18/2025 Maturity 10/27/2027 Industry Healthcare Providers & Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002026-03-310001504619pflt:TwoThousandThirtySevenAssetBackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ad.Net Holdings, Inc. - Common Equity Acquisition 5/4/2021 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. - Funded Revolver Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.40% Basis Point Spread Above Index 3M SOFR+ 5402025-09-3000015046192026-01-012026-03-310001504619pflt:FiveLargestInvestmentsMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC - Unfunded Revolver Acquisition 2/29/2024 Maturity 02/28/2030 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+ 5762024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Beacon Behavioral Holdings, LLC Acquisition 6/21/2024 Maturity 06/21/2030 Industry Healthcare Providers and Services Current Coupon 15.00%2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Boss Industries, LLC Acquisition 11/18/2025 Maturity 12/30/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 8.45% Basis Point Spread Above Index SOFR+5002026-03-310001504619pflt:EightHundredFiftyNinePointFourOfNetAssetsMembercountry:US2026-03-310001504619First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Acquisition 12/27/2021 Maturity 12/20/2027 Industry Aerospace and Defense Current Coupon 10.31% Basis Point Spread Above Index SOFR+6152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. Acquisitions 9/1/2021 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 13.70% (PIK 7.50%) Basis Point Spread Above Index 3M SOFR+ 9402024-10-012025-09-300001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandThirtySevenAssetBackedDebtMember2026-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2026-03-310001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II Acquisition 10/11/2022 Maturity 11/30/2026 Industry Containers and Packaging2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. Acquisitions 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 9.61% Basis Point Spread Above Index 1M SOFR+ 5952026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Marketplace Events Acquisition, LLC - Common Equity Acquisition 12/19/2024 Industry Media: Diversified and Production2025-09-300001504619First Lien Secured Debt Issuer Name ORL Acquisition, Inc. Acquisition 05/22/2025 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 13.10% Basis Point Spread Above Index SOFR+9402025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Megawatt Acquisition Partners, LLC - Preferred Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Loving Tan, LP - Common Equity Acquisition 12/4/2019 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SBI Holdings Investments, LLC - Common Equity Acquisition 12/23/2019 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HPA SPQ Aggregator, LP - Common Equity Acquisition 6/8/2023 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Harvest Group Topco Buyer, LLC Acquisition 3/31/2026 Maturity 3/32/2032 Industry Media Current Coupon 8.42% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619pflt:BlackRockFederalFDInstitutionalEightyOneMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMember2026-03-310001504619us-gaap:EquityMethodInvestmentsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:SecuredOvernightFinancingRateMember2019-09-012019-09-300001504619First Lien Secured Debt Issuer Name North American Rail Solutions Acquisition 11/18/2025 Maturity 8/31/2031 Industry Road and Rail Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ACP Big Top Holdings, LP - Common Equity Acquisition 2/29/2024 Industry Construction & Engineering2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Imagine Topco. LP - Common Equity Acquisition 11/4/2021 Industry Software2025-09-300001504619First Lien Secured Debt Issuer Name EDS Buyer, LLC Acquisition 11/18/2025 Maturity 1/29/2029 Industry Aerospace and Defense Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Magnolia Topco, LP - Common Equity - Class B Acquisition 7/25/2023 Industry Automobiles2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. Acquisition 08/09/2021 Maturity 08/10/2027 Industry Trading Companies & Distributors Current Coupon 9.66% Basis Point Spread Above Index 3M SOFR+ 5602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Commercial Fire Protection Holdings, LLC Acquisition 9/23/2024 Maturity 09/23/2030 Industry Commercial Services & Supplies Current Coupon 8.50% Basis Point Spread Above Index 3M SOFR+ 4502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Rosco Topco, LLC - Common Equity Acquisition 9/9/2025 Industry Business Services2025-09-300001504619First Lien Secured Debt Issuer Name Big Top Holdings, LLC Acquisition 6/26/2024 Maturity 2/28/2030 Industry Business Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Podean Intermediate II, LLC - Common Equity Acquisition 11/18/2025 Industry Marketing Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Common Equity Acquisition 12/13/2021 Industry Distributors2024-10-012025-09-300001504619pflt:JPMorganUSGovernmentMember2025-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:SecuredOvernightFinancingRateMember2024-02-012024-02-2900015046192025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Carisk Buyer, Inc. Acquisition 10/16/2024 Maturity 12/3/2029 Industry Healthcare Technology Current Coupon 9.00% Basis Point Spread Above Index SOFR+5002025-09-300001504619pflt:PennantparkSeniorSecuredLoanFundLlcPortfolioMember2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. - Unfunded Term Loan Acquisition 12/21/2022 Maturity 10/30/2026 Industry Commercial Services & Supplies2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC Acquisition 06/13/2025 Maturity 06/13/2031 Industry Healthcare Providers and Services Current Coupon 9.75%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity - Incremental Acquisition 6/27/2022 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Acquisition 11/18/2025 Maturity 10/29/2029 Industry IT Services Current Coupon 8.66% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants LJ Avalon, LP - Common Equity Acquisition 1/18/2023 Industry Construction & Engineering2026-03-310001504619pflt:FirstLienInPSSLIIMember2026-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMemberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC Acquisition 6/19/2019 Maturity 06/21/2027 Industry Healthcare Equipment and Supplies Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Harvest Group Topco Intermediate, LLC - Preferred Equity Acquisition 3/2/2026 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SP L2 Holdings, LLC - Common Equity Acquisition 6/8/2022 Industry Leisure Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Burgess Point Holdings, LP - Common Equity Acquisition 7/21/2022 Industry Auto Components2025-09-300001504619pflt:TotalInvestmentsMembercountry:US2025-09-300001504619First Lien Secured Debt Issuer Name Pragmatic Institute, LLC Acquisition 3/28/2025 Maturity 3/28/2030 Industry Education Current Coupon 9.50% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Unfunded Term Loan Acquisition 12/19/2024 Maturity 06/19/2026 Industry Media2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Funded Revolver Acquisitions 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series G-2 Acquisition 12/7/2023 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Hancock Claims Consultants Investors, LLC - Common Equity Acquisition 12/23/2020 Industry Insurance2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619First Lien Secured Debt Issuer Name HW Holdco, LLC Acquisition 4/11/2023 Maturity 5/11/2026 Industry Media Current Coupon 9.53% Basis Point Spread Above Index SOFR+5902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MES Intermediate, Inc. - Unfunded Revolver Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Podean Intermediate II, LLC - Preferred Equity Acquisition 8/4/2025 Industry Marketing Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants AG Investco - Unfunded Common Equity Acquisition 11/5/2018 Industry Software2026-03-310001504619pflt:TwoThousandThirtySixRAssetBackedDebtMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2025-09-300001504619First Lien Secured Debt Issuer Name Sales Benchmark Index, LLC Acquisition 01/27/2021 Maturity 07/07/2026 Industry Professional Services Current Coupon 9.90% Basis Point Spread Above Index SOFR+6202025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MAG DS Corp. Acquisition 09/27/2023 Maturity 04/01/2027 Industry Aerospace and Defense Current Coupon 9.30% Basis Point Spread Above Index SOFR+5602026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberpflt:SecondLienMembersrt:MaximumMember2025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Term Loan Acquisitions 12/29/2023 Maturity 09/30/2026 Industry Diversified Consumer Services2025-09-300001504619First Lien Secured Debt Issuer Name Smartronix, LLC Acquisition 11/24/2025 Maturity 2/32/2032 Industry Aerospace and Defense Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Boss Industries, LLC Acquisition 4/10/2025 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers Current Coupon 8.45% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Falcon Buyer, LLC - Unfunded Revolver Acquisition 7/26/2023 Maturity 08/01/2029 Industry Professional Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC Acquisition 7/31/2024 Maturity 07/31/2029 Industry IT Services Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants EDS Topco, LP - Common Equity Acquisition 12/19/2022 Industry Electronic Equipment, Instruments, and Components2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. - Unfunded Revolver Acquisition 9/1/2021 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+ 7402026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Tyto Athene, LLC Acquisition 3/26/2021 Maturity 04/03/2028 Industry IT Services Current Coupon 8.56% Basis Point Spread Above Index 3M SOFR+ 4902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Urology Management Holdings, Inc. Acquisition 9/3/2024 Maturity 06/15/2027 Industry Healthcare Providers and Services Current Coupon 9.66% Basis Point Spread Above Index 1M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MES Intermediate, Inc. - Unfunded Revolver Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors2026-03-310001504619First Lien Secured Debt Issuer Name Hancock Roofing And Construction, LLC Acquisition 1/27/2021 Maturity 12/31/2026 Industry Insurance Current Coupon 9.30% Basis Point Spread Above Index SOFR+5602025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Term Loan Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel1Memberpflt:SubordinateDebtMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC Acquisition 5/3/2024 Maturity 05/03/2029 Industry Leisure Products Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TPC US Parent, LLC Acquisition 11/15/2019 Maturity 04/24/2026 Industry Food Products Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+ 5902026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants BioDerm Holdings, LP - Common Equity Acquisition 1/30/2023 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619pflt:ConsumerProductsMember2026-03-310001504619pflt:TotalInvestmentsMembercountry:US2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. Acquisition 9/3/2024 Maturity 9/3/2030 Industry Healthcare Technology Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Harvest Group Topco Intermediate, LLC - Preferred Equity Acquisition 3/2/2026 Industry Media2025-10-012026-03-310001504619pflt:LiabilitiesInExcessOfOtherAssetsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants PCS Parent, LP Acquisition 3/1/2024 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - Second Out Term Loans Acquisition 10/24/2024 Maturity 10/03/2029 Industry Air Freight and Logistics2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC – Unfunded Revolver Acquisition 9/27/2024 Maturity 9/27/2030 Industry Diversified Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Cartessa Aesthetics, LLC - Preferred Equity Acquisition 6/1/2022 Industry Distributors2026-03-310001504619pflt:NonControlledAffiliatedInvestmentsMembersrt:MinimumMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Funded Revolver Acquisition 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 8.97% Basis Point Spread Above Index 1M SOFR+ 5252026-03-310001504619pflt:FirstLienSecuredDebtMembersrt:MinimumMember2025-10-012026-03-310001504619pflt:PriorCreditFacilityMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Unfunded Revolver Acquisition 02/07/2025 Maturity 08/07/2029 Industry Consumer products2025-09-300001504619pflt:ClassC1SecuredDeferrableFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. Acquisitions 5/24/2023 Maturity 5/31/2028 Industry Personal Products Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - Second Out Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics Current Coupon 5.32%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series F-2 Acquisition 12/7/2023 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harris & Co. LLC Acquisition 08/09/2024 Maturity 08/09/2030 Industry Professional Services Current Coupon 9.16% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt StoicLane, Inc. - Convertible Notes Acquisition 8/15/2024 Maturity 08/16/2027 Industry Healthcare Technology Current Coupon 12.00%2026-03-310001504619First Lien Secured Debt Issuer Name Exigo Intermediate II, LLC Acquisition 11/21/2022 Maturity 3/15/2027 Industry Software Current Coupon 10.51% Basis Point Spread Above Index SOFR+6352024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Unfunded Common Equity Acquisition 12/16/2020 Industry IT Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pink Lilly Holdco, LLC Acquisition 11/5/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 4.35%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ORL Holdco, Inc. - Common Equity Acquisition 9/1/2021 Industry Consumer Finance2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. - Funded Revolver Acquisition 8/17/2021 Maturity 09/01/2026 Industry Media Current Coupon 9.69% Basis Point Spread Above Index 3M SOFR+ 6022025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Walker Edison Furniture Company, LLC - New Money DIP Acquisition 3/1/2023 Maturity 03/01/2029 Industry Wholesale Current Coupon 10.00%2025-09-300001504619First Lien Secured Debt Issuer Name Lash OpCo, LLC Acquisition 10/14/2021 Maturity 09/17/2027 Industry Personal Products Current Coupon 10.77% Basis Point Spread Above Index SOFR+7102026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo II, LP - Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2026-03-310001504619us-gaap:CashAndCashEquivalentsMemberpflt:PennantParkSeniorSecuredLoanFundIILLCMemberpflt:CashAndCashEquivalentsZeroPointOnePercentMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Revolver Acquisition 6/13/2025 Maturity 6/13/2031 Industry Healthcare Providers and Services2025-10-012026-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name EDS Buyer, LLC Acquisition 4/11/2023 Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants StellPen Holdings, LLC (CF512, Inc.) - Common Equity Acquisition 10/1/2025 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Unfunded Term Loan Acquisition 3/1/2022 Maturity 11/25/2026 Industry Healthcare Technology2026-03-310001504619First Lien Secured Debt Issuer Name Aphix Buyer, Inc. Acquisition 9/3/2025 Maturity 7/17/2031 Industry Business Services Current Coupon 8.91% Basis Point Spread Above Index SOFR+4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Unfunded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Galt Newco, LLC - Unfunded Revolver Acquisition 3/27/2026 Maturity 3/27/2032 Industry Aerospace and Defense2026-03-310001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Priority TL Acquisition 07/31/2025 Maturity 07/31/2029 Industry Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 9.61% Basis Point Spread Above Index SOFR+5942025-10-012026-03-310001504619us-gaap:EquityMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OES Co-Invest, LP - Common Equity - Class A Acquisition 5/31/2024 Industry Diversified Consumer Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Acquisition 4/10/2025 Maturity 6/30/2026 Industry Media: Advertising, Printing & Publishing Current Coupon 9.90% Basis Point Spread Above Index SOFR+5752025-09-300001504619First Lien Secured Debt Issuer Name Schlesinger Global, Inc. Acquisition 9/30/2021 Maturity 10/24/2025 Industry Business Services Current Coupon 12.76% Basis Point Spread Above Index SOFR+8602025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity TPC Holding Company, LP - Preferred Equity Acquisition 12/4/2019 Industry Food Products2025-10-012026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMemberus-gaap:SubordinatedDebtMember2026-03-310001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2026-03-310001504619First Lien Secured Debt Issuer Name Hills Distribution, Inc. Acquisition 11/18/2025 Maturity 11/29/2029 Industry Distributors Current Coupon 9.21% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 9.44% Basis Point Spread Above Index 3M SOFR+ 5762025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. - Unfunded Revolver Acquisition 7/1/2025 Maturity 7/1/2031 Industry Business Services2025-09-300001504619us-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC - Unfunded Revolver Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Common Equity - Incremental Acquisition 4/30/2025 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sath Industries, LLC - Unfunded Revolver Acquisition 12/17/2024 Maturity 12/17/2029 Industry Event Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. - Unfunded Revolver Inc Acquisition 10/29/2019 Maturity 11/03/2025 Industry Personal Products2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC - Unfunded Term Loan Acquisition 9/13/2024 Maturity 10/02/2026 Industry Business Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Big Top Holdings, LLC Acquisition 6/26/2024 Maturity 3/1/2030 Industry Business Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Arcfield Acquisition Corp. Acquisition 11/11/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 9.31% Basis Point Spread Above Index SOFR+5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ORL Holdco, Inc. - Common Equity Acquisition 9/1/2021 Industry Consumer Finance2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services Current Coupon 9.66% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundTwoLLCMember2025-01-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Term Loan Acquisition 12/31/2024 Maturity 12/31/2026 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants QuantiTech InvestCo, LP - Unfunded Common Equity Acquisition 5/1/2020 Industry Aerospace and Defense2024-10-012025-09-300001504619pflt:TwoThousandTwentySixNotesPayableMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class B Acquisition 7/25/2023 Industry Automobiles2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated Acquisitions 12/17/2024 Maturity 12/17/2030 Industry Software Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619First Lien Secured Debt Issuer Name Best Practice Associates, LLC Acquisition 4/10/2025 Maturity 11/8/2029 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index SOFR+6752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants 48Forty Intermediate Holdings, Inc. - Common Equity Acquisition 8/27/2025 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Municipal Emergency Services, Inc. Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors Current Coupon 9.15% Basis Point Spread Above Index 3M SOFR+ 5152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Unfunded Revolver Acquisition 2/22/2024 Maturity 04/09/2026 Industry Distributors2025-10-012026-03-310001504619pflt:JPMorganUSGovernmentFundMember2025-09-300001504619pflt:MediaDiversifiedAndProductionMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Municipal Emergency Services, Inc. - Unfunded Revolver Acquisition 9/23/2021 Maturity 10/01/2027 Industry Distributors2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Burgess Point Purchaser Corporation Acquisition 10/3/2022 Maturity 7/25/2029 Industry Automotive Current Coupon 9.02% Basis Point Spread Above Index SOFR+5352026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC - Funded Revolver Acquisition 9/9/2025 Maturity 09/12/2031 Industry Business Services Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants 48Forty Intermediate Holdings, Inc. - Common Equity Acquisition 8/27/2025 Industry Business Services2024-10-012025-09-300001504619pflt:SBADebenturesMember2024-07-252024-07-250001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC - Unfunded Revolver Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Hills Distribution, Inc. Acquisition 5/3/2024 Maturity 11/8/2029 Industry Business Services Current Coupon 9.21% Basis Point Spread Above Index SOFR+5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity SP L2 Holdings, LLC - Preferred Equity Acquisition 11/4/2021 Industry Leisure Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Omnia Exterior Solutions, LLC Acquisition 11/1/2024 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 9.26% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name TMII Enterprises, LLC Acquisition 11/18/2025 Maturity 12/28/2028 Industry Professional Services Current Coupon 8.17% Basis Point Spread Above Index SOFR+4502026-03-310001504619pflt:HealthcareTechnologyMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt STG Distribution, LLC - Second Out Term Loans Acquisition 8/27/2025 Maturity 10/3/2029 Industry Air Freight and Logistics2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Real Life Intermediate Holdings LLC - Unfunded Term Loan Acquisition 1/16/2026 Maturity 01/16/2028 Industry Real Estate Management and Development2025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Term Loan Acquisition 12/20/2024 Maturity 6/30/2026 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Cartessa Aesthetics, LLC - Preferred Equity Acquisition 6/1/2022 Industry Distributors2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Unfunded Revolver Acquisition 5/3/2024 Maturity 05/03/2029 Industry Leisure Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Unfunded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. - Unfunded Revolver Acquisitions 6/29/2023 Maturity 6/30/2029 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TMII Enterprises, LLC - Unfunded Revolver Acquisition 12/19/2022 Maturity 12/22/2028 Industry Commercial Services & Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class A Acquisition 5/3/2024 Industry Leisure Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Kinetic Purchaser, LLC - Funded Revolver Acquisitions 11/8/2021 Maturity 11/10/2026 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services2025-10-012026-03-310001504619pflt:AtTheMarketOfferingMember2026-01-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, LLC Acquisition 8/4/2025 Maturity 8/4/2031 Industry Marketing Services Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infinity Home Services Holdco, Inc. (CAD) Acquisition 12/21/2022 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 10.00% Basis Point Spread Above Index 3M SOFR+ 6002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Magnolia Topco, LP - Preferred Equity - Class A Acquisition 7/25/2023 Industry Automobiles2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Recteq, LLC - Unfunded Revolver Acquisition 1/27/2021 Maturity 1/29/2026 Industry Leisure Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Schlesinger Global, LLC - Promissory Note Acquisition 2/21/2024 Maturity 01/8/2026 Industry Professional Services Current Coupon 12.76% Basis Point Spread Above Index 3M SOFR+8602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge ETE Blocker, LLC - Common Equity Acquisition 5/24/2023 Industry Diversified Consumer Services2025-09-300001504619pflt:TwoThousandTwentyNineNotesMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Funded Revolver Acquisition 12/29/2023 Maturity 12/31/2029 Industry Diversified Consumer Services Current Coupon 8.97% Basis Point Spread Above Index 1M SOFR+ 5252025-10-012026-03-310001504619First Lien Secured Debt Issuer Name HEC Purchaser Corp. Acquisition 4/10/2025 Maturity 6/17/2029 Industry Healthcare and Pharmaceuticals Current Coupon 8.70% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense Current Coupon 9.42% Basis Point Spread Above Index 1M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Term Loan Acquisition 5/4/2023 Maturity 12/31/2026 Industry Personal Products2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Riverpoint Medical, LLC - Unfunded Revolver Acquisition 6/19/2019 Maturity 6/21/2027 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Term Loan Acquisition 8/29/2025 Maturity 08/29/2027 Industry Manufacturing/Basic Industry2026-03-310001504619First Lien Secured Debt Issuer Name Blackhawk Industrial Distribution, Inc. Acquisition 6/30/2022 Maturity 9/17/2026 Industry Distributors Current Coupon 9.10% Basis Point Spread Above Index SOFR+5402025-10-012026-03-310001504619pflt:ClassA1RNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. Acquisition 12/20/2024 Maturity 06/20/2029 Industry Healthcare Equipment and Supplies Current Coupon 8.66% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pragmatic Institute, LLC Acquisition 7/5/2022 Maturity 3/28/2030 Industry Professional Services Current Coupon 9.50%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC - Unfunded Revolver Acquisition 2/29/2024 Maturity 02/28/2030 Industry Construction & Engineering2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC - Unfunded Term Loan Acquisition 10/16/2023 Maturity 03/31/2028 Industry Healthcare Providers and Services2025-10-012026-03-310001504619srt:MinimumMemberpflt:TruistCreditFacilityMember2025-04-012025-04-300001504619First Lien Secured Debt Issuer Name Puget Collision, LLC Acquisition 11/19/2025 Maturity 10/03/2030 Industry Automobiles Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Inovex Information Systems Incorporated Acquisition 3/3/2025 Maturity 12/17/2030 Industry Software Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252025-09-300001504619pflt:TwoThousandAndTwentyNineNotesMember2026-03-042026-09-040001504619pflt:SBADebenturesMember2026-02-012026-02-280001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC - Unfunded Term Loan - 3rd Amendment Acquisition 6/21/2024 Maturity 06/21/2027 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Athletico Holdings, LLC - Common Equity Acquisition 2/4/2022 Industry Healthcare Providers and Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt AFC-Dell Holding Corp. - Unfunded Term Loan Acquisition 2/22/2024 Maturity 04/09/2027 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seaway Topco, LP - Common Equity Acquisition 6/8/2022 Industry Chemicals, Plastics and Rubber2024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Member2025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Imagine Topco. LP - Preferred Equity Acquisition 11/4/2021 Industry Software Current Coupon 8.00%2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Acquisition 12/27/2021 Maturity 12/20/2027 Industry Aerospace and Defense Current Coupon 10.10% Basis Point Spread Above Index SOFR+6902025-10-012026-03-310001504619pflt:TaxableSubsidiaryMember2025-01-012025-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMember2024-10-012025-03-310001504619pflt:TotalInvestmentsMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PlayPower, Inc. Acquisition 8/28/2024 Maturity 8/28/2030 Industry Leisure Products Current Coupon 9.25% Basis Point Spread Above Index 1M SOFR+ 5252025-09-300001504619Equity Securities Issuer Name 48Forty Intermediate Holdings, Inc. - Common Equity Acquisition 11/5/2024 Industry Containers and Packaging2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services2024-10-012025-09-300001504619pflt:SecondLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Duggal Acquisition, LLC Acquisition 9/30/2024 Maturity 9/30/2030 Industry Marketing Services Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2026-03-310001504619pflt:ClassDRNotesMemberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. Acquisition 2/7/2025 Maturity 8/7/2029 Industry Consumer products Current Coupon 9.67% Basis Point Spread Above Index 1M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cartessa Aesthetics, LLC Acquisition 6/1/2022 Maturity 06/14/2028 Industry Distributors Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+ 6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Common Equity Acquisition 5/21/2019 Industry Media2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name The Vertex Companies, LLC Acquisition 11/18/2025 Maturity 8/28/2028 Industry Construction and Engineering Current Coupon 8.77% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OHCP V BC COI, LP - Unfunded Common Equity Acquisition 12/13/2021 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Megawatt Acquisition Partners, LLC - Common Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name By Light Professional IT Services, LLC Acquisition 11/18/2025 Maturity 7/31/2031 Industry Aerospace and Defense Current Coupon 9.17% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated Acquisitions 12/17/2024 Maturity 12/17/2030 Industry Software Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC Acquisitions 1/18/2023 Maturity 2/1/2030 Industry Construction & Engineering Current Coupon 8.17% Basis Point Spread Above Index 3M SOFR+ 4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC Acquisition 09/27/2024 Maturity 09/27/2030 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC Acquisition 5/3/2024 Maturity 05/03/2029 Industry Leisure Products Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Confluent Health, LLC - Amendment No.4 Term Loan Acquisition 3/25/2024 Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 8.67% Basis Point Spread Above Index 1M SOFR+ 5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity ORL Holdco, Inc. - Preferred Equity Acquisition 9/1/2021 Industry Consumer Finance2026-03-310001504619pflt:FirstLienSecuredDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619pflt:PennantParkSeniorSecuredLoanFundIILLCMemberpflt:InvestmentInSinglePortfolioCompanyMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Pragmatic Holdco, Inc. - Common Equity Acquisition 3/28/2025 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Funded Revolver Acquisition 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.42%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series I-2 Acquisition 12/7/2023 Industry Distributors2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants North Haven Saints Equity Holdings, LP - Common Equity Acquisition 2/25/2022 Industry Healthcare Technology2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC - Unfunded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Unfunded Revolver Acquisition 1/16/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services Current Coupon 10.07% Basis Point Spread Above Index 3M SOFR+ 6402025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. - Unfunded Revolver Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products2024-10-012025-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassA2SeniorSecuredFixedRateNotesDue2031Member2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt NBH Group, LLC Acquisition 8/29/2025 Maturity 08/19/2026 Industry Healthcare Equipment and Supplies Current Coupon 10.12% Basis Point Spread Above Index 1M SOFR+ 5852024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity C5MI Holdco, LLC - Preferred Equity Acquisition 7/31/2024 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cornerstone Advisors of Arizona, LLC Acquisition 5/13/2025 Maturity 05/13/2032 Industry Consulting Services Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Seacoast Service Partners, LLC - Common Equity Acquisition 10/31/2024 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC - Funded Revolver Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 9.15% Basis Point Spread Above Index 3M SOFR+ 5152024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Third out Term Loan Acquisition 11/30/2026 Maturity 1/14/2031 Industry Containers and Packaging2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PCS MIDCO, Inc. Acquisition 3/1/2024 Maturity 03/01/2030 Industry Professional Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619pflt:PennantparkSeniorSecuredLoanFundLlcPortfolioMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Revolver Acquisitions 12/17/2024 Maturity 12/17/2030 Industry Software2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Accounting Platform Holdings, Inc. - Preferred Equity - Series A Acquisition 8/9/2024 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Recteq, LLC Acquisition 2/24/2021 Maturity 1/29/2026 Industry Leisure Products Current Coupon 10.40% Basis Point Spread Above Index SOFR+6402025-09-300001504619us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMemberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. - Funded Revolver Acquisition 6/29/2023 Maturity 01/15/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.76% Basis Point Spread Above Index 3M SOFR+ 7612025-09-300001504619First Lien Secured Debt Issuer Name Best Practice Associates, LLC Acquisition 4/10/2025 Maturity 11/8/2029 Industry Aerospace and Defense Current Coupon 10.91% Basis Point Spread Above Index SOFR+6752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC - Unfunded Term Loan Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media2026-03-310001504619pflt:ClassDNotesMemberpflt:PennantParkCLO12LLCMember2025-04-012025-04-300001504619First Lien Secured Debt Issuer Name TPC US Parent, LLC Acquisition 4/11/2023 Maturity 11/24/2025 Industry Consumer Goods: Non-Durable Current Coupon 10.19% Basis Point Spread Above Index SOFR+5902024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Penta Group Holdings, Inc. - Funded Revolver Acquisition 7/31/2025 Maturity 7/31/2031 Industry Professional Services Current Coupon 8.50%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619First Lien Secured Debt Issuer Name Beacon Behavioral Support Services, LLC Acquisition 11/18/2025 Maturity 6/29/2029 Industry Healthcare Providers & Services Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502026-03-310001504619pflt:TwoThousandTwentyNineNotesPayableMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Meadowlark Acquirer, LLC Acquisition 12/9/2021 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.65% Basis Point Spread Above Index 3M SOFR+ 5652024-10-012025-09-300001504619First Lien Secured Debt Issuer Name DRS Holdings III, Inc. Acquisition 1/27/2021 Maturity 11/1/2028 Industry Consumer Goods: Durable Current Coupon 8.92% Basis Point Spread Above Index SOFR+5252026-03-310001504619pflt:BlackRockFederalFDInstitutionalEightyOneMoneyMarketFundMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MOREgroup Holdings, Inc. Acquisition 1/9/2024 Maturity 01/16/2030 Industry Construction & Engineering Current Coupon 9.31% Basis Point Spread Above Index 3M SOFR+ 5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Watchtower Buyer, LLC - Unfunded Revolver Acquisition 11/29/2023 Maturity 12/03/2029 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt BLC Holding Company, Inc. - Unfunded Revolver Acquisition 11/20/2024 Maturity 11/20/2030 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Beacon Behavioral Support Services, LLC Acquisition 6/21/2024 Maturity 06/21/2029 Industry Healthcare Providers and Services Current Coupon 9.20% Basis Point Spread Above Index 3M SOFR+ 5502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt APT OPCO, LLC - Unfunded Revolver Acquisition 9/29/2025 Maturity 09/30/2031 Industry Healthcare Providers and Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Puget Collision, LLC Acquisition 11/18/2025 Maturity 10/30/2030 Industry Automobiles Current Coupon 8.45% Basis Point Spread Above Index SOFR+4752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Megawatt Acquisitionco, Inc. Acquisition 4/29/2024 Maturity 3/1/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619pflt:TwoThousandAndThirtyEightRAssetBackedDebtMemberpflt:ClassBRSeniorSecuredFloatingRateLoansMember2026-02-280001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2026-01-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Unfunded Common Equity Acquisition 12/16/2020 Industry IT Services2025-10-012026-03-310001504619pflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2024-07-2500015046192025-10-012025-10-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Medina Health, LLC - Unfunded Revolver Acquisition 10/16/2023 Maturity 10/20/2028 Industry Healthcare Providers and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sigma Defense Systems, LLC - Unfunded Term Loan Acquisition 11/30/2021 Maturity 12/20/2027 Industry IT Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 9.15% Basis Point Spread Above Index 3M SOFR+ 5152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Unfunded Revolver Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - First Out Term Loan Acquisition 7/15/2024 Maturity 7/17/2028 Industry Business Services Current Coupon 8.91% Basis Point Spread Above Index 3M SOFR+ 5262025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Infinity Home Services Holdco, Inc. Acquisition 04/11/2023 Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619pflt:ClassCNotesMemberpflt:PennantParkCLO12LLCMember2025-04-012025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Accounting Platform Holdings, Inc. - Preferred Equity - Series A Acquisition 8/9/2024 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Podean Intermediate II, LLC - Common Equity Acquisition 8/4/2025 Industry Marketing Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Paving Lessor Corp. First Lien -Term Loan Acquisition 08/28/2025 Maturity 07/01/2031 Industry Business Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt CJX Borrower, LLC Acquisition 7/8/2021 Maturity 07/13/2027 Industry Media Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+ 5762025-09-300001504619us-gaap:EquityMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class A Acquisition 5/3/2024 Industry Leisure Products2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Revolver Acquisition 1/18/2023 Maturity 02/01/2029 Industry Construction & Engineering2024-10-012025-09-300001504619pflt:TaxableSubsidiaryMember2024-10-012025-03-310001504619pflt:CommonEquityWarrantsMemberus-gaap:InvestmentAffiliatedIssuerControlledMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Revolver Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services2026-03-310001504619pflt:OtherRelatedPartyMember2024-10-012025-03-310001504619First Lien Secured Debt Issuer Name MBS Holdings, Inc. Acquisition 6/8/2021 Maturity 4/16/2027 Industry Internet Software and Services Current Coupon 9.30% Basis Point Spread Above Index SOFR+5102024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Confluent Health, LLC Acquisition 3/25/2024 Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 8.28% Basis Point Spread Above Index 1M SOFR+ 4002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Common Equity Acquisition 12/16/2020 Industry IT Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Acquisition 04/11/2023 Maturity 02/01/2030 Industry Environmental Industries Current Coupon 8.15% Basis Point Spread Above Index SOFR+4502026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Aftermarket Drivetrain Products Holdings, LLC - Common Equity Acquisition 12/29/2023 Industry Auto Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Five Star Buyer, Inc. - Unfunded Revolver Acquisition 02/21/2023 Maturity 02/23/2028 Industry Hotels, Restaurants and Leisure2025-09-300001504619First Lien Secured Debt Issuer Name Team Services Group, LLC Acquisition 10/4/2022 Maturity 12/20/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.56% Basis Point Spread Above Index SOFR+5252025-09-300001504619First Lien Secured Debt Issuer Name Sath Industries, LLC Acquisition 11/18/2025 Maturity 12/29/2029 Industry Building Products Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502026-03-310001504619First Lien Secured Debt Issuer Name GGG MIDCO, LLC Acquisition 4/10/2025 Maturity 9/27/2030 Industry Diversified Consumer Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:SubordinatedNotesMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt GGG Midco, LLC Acquisition 09/27/2024 Maturity 09/27/2030 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Funded Revolver Acquisition 12/20/2024 Maturity 12/20/2029 Industry Diversified Consumer Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619pflt:SecuredOvernightFinancingRateMemberpflt:TwoThousandAndThirtyEightRAssetBackedDebtMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMember2026-02-012026-02-280001504619pflt:PreferredEquityMemberus-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity NXOF Holdings, Inc. - Preferred Equity Acquisition 9/25/2018 Industry IT Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Pink Lily Holdco, LLC Acquisition 11/30/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 4.35%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Term Loan Acquisition 7/17/2025 Maturity 07/16/2027 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Term Loan Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2026-03-310001504619Equity Securities Issuer Name White Tiger Newco, LLC - Common Equity Acquisition 7/31/2025 Industry Automobiles2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blackhawk Industrial Distribution, Inc. Acquisition 6/27/2022 Maturity 09/17/2026 Industry Distributors Current Coupon 9.40% Basis Point Spread Above Index 3M SOFR+ 5402024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Paving Lessor Corp. Acquisition 7/1/2025 Maturity 07/01/2031 Industry Business Services Current Coupon 8.94% Basis Point Spread Above Index 3M SOFR+ 5252026-03-310001504619Equity Securities Issuer Name 48Forty Intermediate Holdings, Inc. - Common Equity Acquisition 11/5/2024 Industry Containers and Packaging2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants HV Watterson Holdings, LLC - Common Equity Acquisition 6/13/2022 Industry Professional Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC - Unfunded Revolver Acquisition 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt RTIC Subsidiary Holdings, LLC - Unfunded Revolver Acquisition 5/3/2024 Maturity 05/03/2029 Industry Leisure Products2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Case Works, LLC Acquisition 4/10/2025 Maturity 10/1/2029 Industry Professional Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619pflt:TwoThousandThirtySixAssetBackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Graffiti Buyer, Inc. - Unfunded Term Loan Acquisition 8/9/2021 Maturity 8/10/2027 Industry Trading Companies & Distributors2026-03-310001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - Second Out Term Loans Acquisition 10/24/2024 Maturity 10/03/2029 Industry Air Freight and Logistics2026-03-310001504619pflt:NetAssetsHundredPercentMember2025-09-300001504619pflt:TwoThousandAndThirtySevenAssetBackedDebtMemberpflt:SubordinatedNotesMemberpflt:SecuredOvernightFinancingRateMember2025-02-012025-02-280001504619pflt:TwoThousandThirtySixRAssetBackedDebtMemberus-gaap:FairValueInputsLevel1Member2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infolinks Media Buyco, LLC Acquisitions 2/22/2024 Maturity 11/2/2026 Industry Media Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC - Funded Revolver Acquisition 8/28/2024 Maturity 08/28/2029 Industry Healthcare Technology Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt IG Investments Holdings, LLC Acquisition 11/23/2021 Maturity 09/22/2028 Industry Professional Services Current Coupon 9.31% Basis Point Spread Above Index 3M SOFR+ 4502025-09-300001504619Investments in Controlled, Affiliated Portfolio Companies First Lien Secured Debt PennantPark Senior Secured Loan Fund II, LLC Acquisition 11/18/2025 Maturity 11/18/2025 Industry Financial Services Current Coupon 11.89% Basis Point Spread Above Index 3M SOFR+ 8002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Term Loan Acquisitions 12/17/2024 Maturity 12/17/2026 Industry Software2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Integrative Nutrition, LLC - Promissory Note Acquisition 4/17/2025 Maturity 04/15/2030 Industry Consumer Services2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series G-2 Acquisition 12/7/2023 Industry Distributors2025-09-300001504619First Lien Secured Debt Issuer Name Meadowlark Acquirer, LLC Acquisition 1/29/2022 Maturity 12/10/2027 Industry Professional Services Current Coupon 9.65% Basis Point Spread Above Index SOFR+5652025-09-300001504619First Lien Secured Debt Issuer Name Archer Lewis, LLC Acquisition 11/22/2024 Maturity 8/28/2029 Industry Commercial Services & Supplies Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants WCP Ivyrehab Coinvestment, LP - Unfunded Common Equity Acquisition 6/27/2022 Industry Healthcare Providers and Services2026-03-310001504619pflt:MarketingServicesMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Watchtower Holdings, LLC - Common Equity Acquisition 6/14/2021 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Tyto Athene, LLC Acquisition 3/26/2021 Maturity 04/03/2028 Industry IT Services Current Coupon 8.56% Basis Point Spread Above Index 3M SOFR+ 4902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants ITC Infusion Co-invest, LP - Common Equity Acquisition 2/16/2022 Industry Healthcare Equipment and Supplies2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Infolinks Media Buyco, LLC Acquisition 2/22/2024 Maturity 11/02/2026 Industry Media Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Watchtower Holdings, LLC - Common Equity Acquisition 11/29/2023 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619pflt:ClassBRNotesMemberpflt:SecuredOvernightFinancingRateMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2024-07-252024-07-250001504619First Lien Secured Debt Issuer Name Sath Industries, LLC Acquisition 04/10/2025 Maturity 12/17/2029 Industry Event Services Current Coupon 9.20% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619pflt:IndependentPowerAndRenewableElectricityProducersMember2025-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt SV-Aero Holdings, LLC - Unfunded Term Loan Acquisition 10/31/2024 Maturity 11/2/2026 Industry Aerospace and Defense2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC - Unfunded Revolver Acquisition 8/16/2021 Maturity 08/16/2026 Industry Personal Products2025-09-300001504619First Lien Secured Debt Issuer Name Lucky Bucks, LLC - Last-Out Term Loan Acquisition 5/20/2024 Maturity 10/2/2029 Industry Hotel, Gaming and Leisure Current Coupon 11.66% Basis Point Spread Above Index SOFR+7652025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Big Top Holdings, LLC - Unfunded Revolver Acquisition 2/29/2024 Maturity 02/28/2030 Industry Construction & Engineering2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC - Unfunded Revolver Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - First Out New Money Term Loans Acquisition 10/24/2024 Maturity 10/03/2029 Industry Air Freight and Logistics2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants White Tiger Newco, LLC - Common Equity Acquisition 6/27/2022 Industry Capital Equipment2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sales Benchmark Index, LLC Acquisition 12/23/2019 Maturity 7/7/2026 Industry Professional Services Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+ 6002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Coolsys, Inc. Acquisition 8/27/2025 Maturity 08/11/2028 Industry Commercial Services & Supplies Current Coupon 9.34% Basis Point Spread Above Index 3M SOFR+ 5012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 9.77% (PIK 1.50%) Basis Point Spread Above Index 1M SOFR+ 6102025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Revolver Acquisition 7/17/2025 Maturity 07/17/2031 Industry Business Services2025-09-300001504619First Lien Secured Debt Issuer Name Harris & Co, LLC Acquisition 11/18/2025 Maturity 8/30/2030 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Schlesinger Global, Inc. Acquisition 9/30/2021 Maturity 10/24/2025 Industry Business Services Current Coupon 12.76% Basis Point Spread Above Index SOFR+8602024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Connatix Parent, LLC - Common Equity Acquisition 7/8/2021 Industry Media2025-09-300001504619First Lien Secured Debt Issuer Name LJ Avalon Holdings, LLC Acquisition 04/11/2023 Maturity 02/01/2030 Industry Environmental Industries Current Coupon 8.15% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ledge Lounger, Inc. Acquisitions 2/7/2022 Maturity 11/9/2026 Industry Leisure Products Current Coupon 11.35% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+ 7652026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Unfunded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and DefenseInvestments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aechelon Technology, Inc. - Unfunded Revolver Acquisition 8/16/2024 Maturity 08/16/2029 Industry Aerospace and Defense2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Alpine Acquisition Corp II - Second out Term Loan Acquisition 11/30/2026 Maturity 1/14/2031 Industry Containers and Packaging2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. - Unfunded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components2024-10-012025-09-300001504619pflt:ClassA2RNotesMemberpflt:RTwoThousandAndThirtySixAssetBackedDebtMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Efficient Collaborative Retail Marketing Company, LLC Acquisition 10/23/2018 Maturity 9/30/2026 Industry Media: Diversified and Production Current Coupon 10.68% (PIK 2.5%) Basis Point Spread Above Index 3M SOFR+ 7012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Imagine Acquisitionco, Inc. - Unfunded Revolver Acquisition 11/4/2021 Maturity 11/16/2027 Industry Software2025-09-300001504619First Lien Secured Debt Issuer Name Harris & Co, LLC Acquisition 11/26/2024 Maturity 8/9/2030 Industry Professional Services Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lash OpCo, LLC Acquisition 8/16/2021 Maturity 02/18/2027 Industry Personal Products Current Coupon 12.16% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+ 7852024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals Current Coupon 10.43% (PIK 1.50%) Basis Point Spread Above Index 1M SOFR+ 6102025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC - Unfunded Revolver Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt C5MI Acquisition, LLC Acquisition 7/31/2024 Maturity 07/31/2029 Industry IT Services Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Crane 1 Acquisition Parent Holdings, LP - Common Equity Acquisition 8/11/2021 Industry Commercial Services & Supplies2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Kinetic Purchaser, LLC Acquisition 11/30/2021 Maturity 11/10/2027 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Smile Brands, Inc. - Unfunded Revolver Acquisition 10/4/2018 Maturity 10/12/2027 Industry Healthcare and Pharmaceuticals2025-09-300001504619us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMemberpflt:FirstLienMember2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kentucky Racing Holdco, LLC - Warrants Acquisition 7/31/2025 Industry Hotels, Restaurants and Leisure2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Term Loan Acquisition 10/12/2021 Maturity 6/12/2027 Industry Aerospace and Defense2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Project Granite Buyer, Inc. - Unfunded Revolver Acquisition 12/31/2024 Maturity 12/31/2030 Industry Professional Services2025-09-300001504619First Lien Secured Debt Issuer Name Marketplace Events Acquisition, LLC Acquisition 1/13/2025 Maturity 12/19/2030 Industry Media Current Coupon 9.12% Basis Point Spread Above Index SOFR+5252024-10-012025-09-300001504619First Lien Secured Debt Issuer Name OSP Embedded Purchaser, LLC Acquisition 11/19/2024 Maturity 12/17/2029 Industry Aerospace and Defense Current Coupon 9.45% Basis Point Spread Above Index SOFR+5752025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carnegie Dartlet, LLC Acquisition 2/7/2024 Maturity 02/07/2030 Industry Professional Services Current Coupon 9.17% Basis Point Spread Above Index 3M SOFR+ 5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Connatix Parent, LLC - Common Equity Acquisition 7/8/2021 Industry Media2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt North American Rail Solutions, LLC Acquisitions 8/29/2025 Maturity 08/29/2031 Industry Manufacturing/Basic Industry Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752024-10-012025-09-300001504619Equity Securities Issuer Name PLB Brands, LLC - Common Equity Acquisition 3/5/2026 Industry Education2026-03-310001504619us-gaap:CashAndCashEquivalentsMember2026-03-310001504619pflt:TwoThousandThirtySevenAssetBackedDebtMember2025-02-280001504619First Lien Secured Debt Issuer Name LAV Gear Holdings, Inc. - Takeback TL Acquisition 7/31/2025 Maturity 7/31/2029 Industry Capital Equipment Current Coupon 10.10% Basis Point Spread Above Index SOFR+5942024-10-012025-09-300001504619us-gaap:InvestmentUnaffiliatedIssuerMember2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Harvest Group Topco Buyer, LLC Acquisitions 3/2/2026 Maturity 3/2/2032 Industry Media Current Coupon 8.40%2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Lash Coinvest, LLC - Common Equity Acquisition 12/4/2019 Industry Personal Products2026-03-310001504619First Lien Secured Debt Issuer Name BLC Holding Company, Inc. Acquisition 4/10/2025 Maturity 11/20/2030 Industry Business Services Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRI Holding Inc. Acquisition 5/23/2024 Maturity 12/21/2028 Industry Media Current Coupon 9.02% Basis Point Spread Above Index 1M SOFR+ 5352025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Marketplace Events Acquisition, LLC Acquisition 12/19/2024 Maturity 12/19/2030 Industry Media Current Coupon 8.95% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Ro Health Holdings, Inc. - Common Equity Acquisition 1/16/2025 Industry Healthcare Providers and Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rancho Health MSO, Inc. - Unfunded Revolver Acquisition 12/20/2024 Maturity 6/20/2029 Industry Healthcare Equipment and Supplies2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Highwire Public Relations, LLC Acquisition 1/12/2026 Maturity 1/12/2031 Industry Professional Services Current Coupon 8.70% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Gauge Schlesinger Coinvest, LLC - Common Equity Acquisition 4/22/2020 Industry Professional Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name STG Distribution, LLC - Final initial New Money TL Acquisition 10/24/2024 Maturity 07/14/2026 Industry Air Freight and Logistics Current Coupon 8.00%2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name EvAL Home Care Solutions Intermediate, LLC Acquisition 7/10/2024 Maturity 5/10/2030 Industry Healthcare and Pharmaceuticals Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619Equity Securities Issuer Name Output Services Group, Inc. - Common Equity Acquisition 12/1/2023 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Recteq, LLC - Funded Revolver Acquisition 1/27/2021 Maturity 1/29/2026 Industry Leisure Products Current Coupon 10.46% Basis Point Spread Above Index 3M SOFR+ 6252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Ro Health, LLC - Funded Revolver Acquisition 1/16/2025 Maturity 1/17/2031 Industry Healthcare Providers and Services Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Real Life Intermediate Holdings LLC - Unfunded Term Loan Acquisition 1/16/2026 Maturity 01/16/2028 Industry Real Estate Management and Development2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Burgess Point Purchaser Corporation Acquisition 8/12/2024 Maturity 07/25/2029 Industry Auto Components Current Coupon 9.02% Basis Point Spread Above Index 3M SOFR+ 5352025-10-012026-03-310001504619pflt:CashTwentySevenPointZeroPercentOfNetAssetsMemberus-gaap:CashMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants SSC Dominion Holdings, LLC - Common Equity - Class B (US Dominion, Inc.) Acquisition 7/11/2018 Industry Capital Equipment2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt PAR Excellence Holdings, Inc. - Unfunded Revolver Acquisition 9/3/2024 Maturity 09/03/2030 Industry Healthcare Technology2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Argano, LLC – Unfunded Revolver Acquisition 9/13/2024 Maturity 09/13/2029 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Crane 1 Services, Inc. - Unfunded Revolver Acquisition 8/11/2021 Maturity 08/16/2027 Industry Commercial Services & Supplies2025-09-300001504619First Lien Secured Debt Issuer Name Aphix Buyer, Inc. Acquisition 9/3/2025 Maturity 7/17/2031 Industry Business Services Current Coupon 8.91% Basis Point Spread Above Index SOFR+4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Halo Buyer, Inc. - Funded Revolver Acquisition 2/7/2025 Maturity 8/7/2029 Industry Consumer products Current Coupon 9.67% Basis Point Spread Above Index 1M SOFR+ 6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Seacoast Service Partners NA, LLC - Unfunded Term Loan Acquisition 12/20/2024 Maturity 12/21/2026 Industry Diversified Consumer Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Subordinate Debt Schlesinger Global, LLC - Promissory Note Acquisition 2/21/2024 Maturity 09/30/2027 Industry Professional Services Current Coupon 12.56% Basis Point Spread Above Index 3M SOFR+ 8602026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Loving Tan Intermediate II, Inc. Acquisition 5/24/2023 Maturity 05/31/2028 Industry Personal Products Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619pflt:LongTermCreditFacilityMember2025-09-300001504619us-gaap:FairValueInputsLevel1Member2025-09-300001504619pflt:CashAndCashEquivalentOneTwoOnePointFiveMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Omnia Exterior Solutions, LLC - Unfunded Term Loan Acquisition 12/29/2023 Maturity 09/30/2026 Industry Diversified Consumer Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity AFC Acquisitions, Inc. Preferred Equity - Series J-2 Acquisition 12/7/2023 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media2025-09-300001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMemberpflt:SecuredOvernightFinancingRateMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMember2025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundTwoLLCMember2026-01-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lucky Bucks, LLC - Last-Out Term Loan Acquisition 11/02/2023 Maturity 10/02/2029 Industry Hotels, Restaurants and Leisure Current Coupon 12.01% Basis Point Spread Above Index 1M SOFR+ 7652025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+ 5502025-09-300001504619First Lien Secured Debt Issuer Name ACP Avenu Buyer, LLC Acquisition 11/18/2025 Maturity 10/29/2029 Industry IT Services Current Coupon 8.66% Basis Point Spread Above Index SOFR+5002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Megawatt Acquisitionco, Inc. - Funded Revolver Acquisition 3/1/2024 Maturity 03/01/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt MDI Buyer, Inc. Acquisition 3/16/2023 Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 8.75% Basis Point Spread Above Index 3M SOFR+ 4752025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants OSP Embedded Aggregator, LP - Common Equity Acquisition 12/11/2023 Industry Aerospace and Defense2025-09-300001504619us-gaap:FinancingReceivables30To59DaysPastDueMember2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DX Electric Company, LLC Acquisition 10/1/2025 Maturity 10/1/2031 Industry Electronic Equipment, Instruments, and Components Current Coupon 8.94% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Equity Securities Issuer Name Lucky Bucks, LLC - Common Equity Acquisition 12/1/2023 Industry Hotel, Gaming and Leisure2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Medina Health, LLC Acquisition 11/18/2025 Maturity 10/28/2028 Industry Healthcare and Pharmaceuticals Current Coupon 9.95% Basis Point Spread Above Index SOFR+6252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+ 5902025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Azureon, LLC (F/K/A Tpcn Midco, LLC) Acquisition 4/10/2025 Maturity 6/26/2029 Industry Diversified Consumer Services Current Coupon 9.75% Basis Point Spread Above Index SOFR+5752025-09-300001504619pflt:ClassDNotesMemberpflt:PennantParkCLO12LLCMember2025-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Eval Home Care Solutions Intermediate, LLC - Unfunded Revolver Acquisition 05/10/2024 Maturity 05/10/2030 Industry Healthcare, Education and Childcare2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt One Stop Mailing, LLC Acquisitions 5/26/2021 Maturity 05/07/2027 Industry Air Freight and Logistics Current Coupon 10.53% Basis Point Spread Above Index 3M SOFR+ 6362025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Boss Industries, LLC - Unfunded Revolver Acquisition 12/27/2024 Maturity 12/27/2030 Industry Independent Power and Renewable Electricity Producers2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LJ Avalon Holdings, LLC - Unfunded Term Loan Acquisition 1/18/2023 Maturity 02/08/2027 Industry Construction & Engineering2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Project Granite Holdings, LLC Acquisition 12/31/2024 Industry Professional Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ORL Acquisition, Inc. Acquisition 9/1/2021 Maturity 09/03/2027 Industry Consumer Finance Current Coupon 13.10% (PIK 7.50%) Basis Point Spread Above Index 3M SOFR+ 9402025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Wash & Wax Systems, LLC - Funded Revolver Acquisition 4/30/2025 Maturity 04/30/2028 Industry Consumer Services Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+ 5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Icon Partners V C, LP - Common Equity Acquisition 12/20/2021 Industry Internet Software and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants KL Stockton Co-Invest, LP - Common Equity Acquisition 7/16/2021 Industry Energy Equipment and Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Gauge ETE Blocker, LLC Acquisition 05/24/2023 Maturity 05/21/2029 Industry Diversified Consumer Services Current Coupon 12.56%2025-09-300001504619First Lien Secured Debt Issuer Name Ro Health, LLC Acquisition 03/03/2025 Maturity 01/17/2031 Industry Healthcare Providers and Services Current Coupon 8.20% Basis Point Spread Above Index SOFR+4502025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Blue Cloud Pediatric Surgery Centers LLC Acquisition 8/12/2025 Maturity 01/21/2031 Industry Healthcare Providers and Services Current Coupon 8.67% Basis Point Spread Above Index 3M SOFR+ 5002026-03-310001504619First Lien Secured Debt Issuer Name Rural Sourcing Holdings, Inc. Acquisition 9/6/2023 Maturity 6/15/2029 Industry High Tech Industries Current Coupon 9.92% Basis Point Spread Above Index SOFR+5752025-09-300001504619pflt:TwentyThousandsThirtyEightRAssetBackedDebtMember2024-10-012025-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TPC US Parent, LLC Acquisition 11/15/2019 Maturity 04/24/2026 Industry Food Products Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+ 5902025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Archer Lewis, LLC Acquisition 8/28/2024 Maturity 08/28/2029 Industry Healthcare Technology Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberpflt:MeasurementInputMarketYieldMembersrt:MinimumMemberpflt:SecondLienMember2025-09-300001504619First Lien Secured Debt Issuer Name Confluent Health, LLC Acquisition 1/12/2024 Maturity 11/30/2028 Industry Healthcare and Pharmaceuticals Current Coupon 7.78% Basis Point Spread Above Index SOFR+7502026-03-310001504619First Lien Secured Debt Issuer Name PAR Excellence Holdings, Inc. Acquisition 10/16/2024 Maturity 09/03/2030 Industry Healthcare Technology Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002025-10-012026-03-310001504619us-gaap:AutomobilesMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt The Vertex Companies, LLC - Unfunded Revolver Acquisition 8/25/2021 Maturity 8/31/2028 Industry Construction & Engineering2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt HW Holdco, LLC Acquisitions 1/9/2019 Maturity 5/11/2026 Industry Media Current Coupon 9.52% Basis Point Spread Above Index 3M SOFR+ 5852026-03-310001504619First Lien Secured Debt Issuer Name Pink Lily Holdco, LLC Acquisition 11/30/2021 Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 4.35%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Events TopCo, LP - Common Equity Acquisition 12/17/2024 Industry Event Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt First Medical MSO, LLC - Unfunded Term Loan Acquisition 06/13/2025 Maturity 06/13/2027 Industry Healthcare Providers and Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name CJX Borrower, LLC Acquisition 7/29/2021 Maturity 7/13/2027 Industry Media Current Coupon 10.08% Basis Point Spread Above Index SOFR+5762024-10-012025-09-300001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Bioderm, Inc. Acquisition 8/27/2025 Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 10.77% Basis Point Spread Above Index 1M SOFR+ 6502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. - Unfunded Revolver Acquisition 10/12/2021 Maturity 8/16/2027 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. - Unfunded Term Loan - 1st Amendment Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology2025-10-012026-03-310001504619us-gaap:InvestmentUnaffiliatedIssuerMember2025-09-300001504619First Lien Secured Debt Issuer Name By Light Professional IT Services, LLC Acquisition 8/28/2025 Maturity 7/15/2031 Industry High Tech Industries Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Impact Advisors, LLC - Unfunded Revolver Acquisitions 3/21/2025 Maturity 3/19/2032 Industry Business Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt LAV Gear Holdings, Inc. - Incremental TL Acquisition 7/31/2025 Maturity 07/31/2029 Industry Capital Equipment Current Coupon 10.10% (PIK 3.44%)2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity RTIC Parent Holdings, LLC - Preferred Equity - Class A Acquisition 5/3/2024 Industry Leisure Products2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Arcfield Acquisition Corp. Acquisition 11/11/2024 Maturity 10/28/2031 Industry Aerospace and Defense Current Coupon 8.67% Basis Point Spread Above Index SOFR+5002026-03-310001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pragmatic Institute, LLC Acquisition 7/5/2022 Maturity 3/28/2030 Industry Professional Services Current Coupon 9.50%2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Second Lien Secured Debt Team Services Group, LLC - 2nd Lien Acquisition 2/25/2024 Maturity 12/18/2028 Industry Healthcare Providers and Services Current Coupon 13.57% Basis Point Spread Above Index 3M SOFR+ 9262024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Spendmend Holdings, LLC Acquisition 3/1/2022 Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 9.15% Basis Point Spread Above Index 3M SOFR+ 5152025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Acquisition 5/21/2019 Maturity 06/30/2026 Industry Media Current Coupon 9.90% Basis Point Spread Above Index 3M SOFR+ 5902025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Aphix Buyer, Inc. - Unfunded Term Loan Acquisition 7/17/2025 Maturity 07/16/2027 Industry Business Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Megawatt Acquisition Partners, LLC - Common Equity - Class A Acquisition 6/28/2024 Industry Electronic Equipment, Instruments, and Components2026-03-310001504619First Lien Secured Debt Issuer Name Case Works, LLC Acquisition 11/18/2025 Maturity 10/29/2029 Industry Professional Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Lucky Bucks Holdco, LLC - Common Equity Acquisition 10/2/2023 Industry Hotels, Restaurants and Leisure2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Dynata, LLC - First Out Term Loan Acquisition 7/15/2024 Maturity 07/17/2028 Industry Business Services Current Coupon 9.46% Basis Point Spread Above Index 3M SOFR+ 5262024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Confluent Health, LLC Acquisition 3/25/2024 Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 7.79% Basis Point Spread Above Index 1M SOFR+ 4112025-10-012026-03-310001504619pflt:TwoThousandAndThirtyEightRAssetBackedDebtMember2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Aechelon Technology, Inc. Acquisition 4/10/2025 Maturity 8/16/2029 Industry Aerospace and Defense Current Coupon 9.91% Basis Point Spread Above Index SOFR+5752024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Case Works, LLC Acquisition 4/10/2025 Maturity 10/1/2029 Industry Professional Services Current Coupon 9.25% Basis Point Spread Above Index SOFR+5252025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rural Sourcing Holdings, Inc. Acquisition 6/8/2023 Maturity 06/15/2029 Industry Professional Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+ 5752025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Carnegie Dartlet, LLC Acquisition 4/11/2025 Maturity 2/7/2030 Industry Media: Advertising, Printing & Publishing Current Coupon 9.66% Basis Point Spread Above Index SOFR+5502024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Urology Partners Co., LP - Common Equity Acquisition 1/20/2023 Industry Healthcare Providers and Services2024-10-012025-09-300001504619us-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001504619First Lien Secured Debt Issuer Name Output Services Group, Inc. - Last-Out Term Loan Acquisition 12/01/2023 Maturity 05/30/2028 Industry Business Services Current Coupon 10.41% Basis Point Spread Above Index SOFR+6672025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Amsive Holdings Corporation Acquisition 3/2/2020 Maturity 12/10/2026 Industry Media Current Coupon 10.35% Basis Point Spread Above Index 3M SOFR+ 6252025-09-300001504619First Lien Secured Debt Issuer Name Beacon Behavioral Support Services, LLC Acquisition 10/9/2024 Maturity 6/21/2029 Industry Healthcare and Pharmaceuticals Current Coupon 9.50% Basis Point Spread Above Index SOFR+5502025-09-300001504619First Lien Secured Debt Issuer Name ACP Falcon Buyer, Inc. Acquisition 11/18/2025 Maturity 8/29/2029 Industry Internet Software and Services Current Coupon 9.16% Basis Point Spread Above Index SOFR+5502025-10-012026-03-310001504619First Lien Secured Debt Issuer Name MOREgroup Holdings, Inc. Acquisition 03/22/2024 Maturity 01/16/2030 Industry Business Services Current Coupon 8.95% Basis Point Spread Above Index SOFR+5252026-03-310001504619First Lien Secured Debt Issuer Name Sigma Defense Systems, LLC Acquisition 12/27/2021 Maturity 12/20/2027 Industry Aerospace and Defense Current Coupon 10.31% Basis Point Spread Above Index SOFR+6152024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Municipal Emergency Services, Inc. - Common Equity Acquisition 9/28/2021 Industry Distributors2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Best Practice Associates, LLC - Unfunded Revolver Acquisition 11/7/2024 Maturity 11/08/2029 Industry Aerospace and Defense2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC - Unfunded Revolver Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Exigo, LLC - Common Equity Acquisition 3/10/2022 Industry Software2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Pacific Purchaser, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/02/2028 Industry Professional Services2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Cf512, Inc. Acquisition 8/17/2021 Maturity 08/20/2026 Industry Media Current Coupon 10.19% Basis Point Spread Above Index 3M SOFR+ 6192024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity Cartessa Aesthetics, LLC - Preferred Equity Acquisition 6/1/2022 Industry Distributors2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants IHS Parent Holdings, LP - Common Equity Acquisition 12/21/2022 Industry Commercial Services & Supplies2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Rosco Parent, LLC Acquisition 9/9/2025 Maturity 9/12/2031 Industry Business Services Current Coupon 8.81%2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Sabel Systems Technology Solutions, LLC Acquisition 10/31/2024 Maturity 10/31/2030 Industry Government Services Current Coupon 9.67% Basis Point Spread Above Index 3M SOFR+ 6002026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Lightspeed Buyer, Inc. - Unfunded Revolver Acquisition 1/21/2020 Maturity 02/03/2027 Industry Healthcare Technology2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Azureon, LLC (F/K/A Tpcn Midco, LLC) - Funded Revolver Acquisition 6/26/2024 Maturity 06/26/2029 Industry Diversified Consumer Services Current Coupon 9.44% Basis Point Spread Above Index 3M SOFR+ 5752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt TransGo, LLC - Funded Revolver Acquisition 12/29/2023 Maturity 12/29/2028 Industry Auto Components Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt DRS Holdings III, Inc. Acquisition 10/29/2019 Maturity 11/1/2028 Industry Chemicals, Plastics and Rubber Current Coupon 8.92% Basis Point Spread Above Index 3M SOFR+ 5252025-10-012026-03-310001504619pflt:PennantParkSeniorSecuredLoanFundILLCMemberpflt:InvestmentInSinglePortfolioCompanyMember2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Podean Buyer, Inc - Unfunded Term Loan Acquisition 8/4/2025 Maturity 04/14/2028 Industry Marketing Services2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name Cartessa Aesthetics, LLC Acquisition 4/11/2023 Maturity 6/14/2028 Industry Distributors Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants BioDerm Holdings, LP - Common Equity Acquisition 1/30/2023 Industry Healthcare Equipment and Supplies2025-09-300001504619First Lien Secured Debt Issuer Name TMII Enterprises, LLC Acquisition 4/11/2023 Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 8.66% Basis Point Spread Above Index SOFR+4502024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Lightspeed Buyer, Inc. Acquisition 1/27/2021 Maturity 2/3/2027 Industry Healthcare Providers and Services Current Coupon 8.75% Basis Point Spread Above Index SOFR+4752024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Carisk Buyer, Inc. Acquisition 11/27/2023 Maturity 12/03/2029 Industry Healthcare Technology Current Coupon 9.00% Basis Point Spread Above Index 3M SOFR+ 5002024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Coolsys, Inc. Acquisition 8/27/2025 Maturity 08/11/2028 Industry Commercial Services & Supplies Current Coupon 9.34% Basis Point Spread Above Index 3M SOFR+ 5012024-10-012025-09-300001504619pflt:AtTheMarketOfferingMember2026-03-310001504619First Lien Secured Debt Issuer Name MDI Buyer, Inc. Acquisition 4/11/2023 Maturity 7/25/2028 Industry Chemicals, Plastics and Rubber Current Coupon 8.95% Basis Point Spread Above Index SOFR+4752025-09-300001504619First Lien Secured Debt Issuer Name Watchtower Buyer, LLC Acquisition 4/20/2029 Maturity 2/3/2029 Industry Diversified Consumer Services Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Systems Planning And Analysis, Inc. Acquisition 10/12/2021 Maturity 08/16/2027 Industry Aerospace and Defense Current Coupon 8.45% Basis Point Spread Above Index 3M SOFR+ 4752026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inovex Information Systems Incorporated - Unfunded Revolver Acquisition 12/17/2024 Maturity 12/17/2030 Industry Software2024-10-012025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver Acquisition 5/21/2019 Maturity 12/31/2027 Industry Media2025-10-012026-03-310001504619First Lien Secured Debt Issuer Name C5MI Acquisition, LLC Acquisition 3/7/2025 Maturity 7/31/2029 Industry IT Services Current Coupon 9.70% Basis Point Spread Above Index SOFR+6002025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Kinetic Purchaser, LLC - Common Equity - Class AA Acquisition 11/8/2021 Industry Personal Products2025-10-012026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Preferred Equity HPA SPQ Aggregator, LP - Preferred Equity Acquisition 6/8/2023 Industry Professional Services2024-10-012025-09-300001504619First Lien Secured Debt Issuer Name Schlesinger Global, Inc. Acquisition 09/30/2021 Maturity 03/31/2027 Industry Business Services Current Coupon 10.02% Basis Point Spread Above Index SOFR+6102026-03-310001504619pflt:MarketplaceEventsLLCMember2024-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies Common Equity/Warrants Delta InvestCo, LP - Common Equity Acquisition 12/16/2020 Industry IT Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt ACP Avenu Buyer, LLC - Unfunded Revolver Acquisition 10/2/2023 Maturity 10/02/2029 Industry IT Services2025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Help/Systems Holdings, Inc. Acquisition 8/27/2025 Maturity 11/30/2026 Industry Software Current Coupon 8.41% Basis Point Spread Above Index 3M SOFR+ 4102025-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Integrity Health Purchaser, LLC - Unfunded Revolver Acquisitions 2/2/2026 Maturity 2/2/2032 Industry Healthcare Providers and Services2026-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies First Lien Secured Debt Inventus Power, Inc. Acquisition 6/29/2023 Maturity 01/15/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.78% Basis Point Spread Above Index 3M SOFR+ 7612025-09-300001504619us-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-30xbrli:purepflt:Portfoliopflt:Segmentiso4217:USDxbrli:sharesxbrli:sharesiso4217:CADiso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

COMMISSION FILE NUMBER: 814-00891

PENNANTPARK FLOATING RATE CAPITAL LTD.

(Exact name of registrant as specified in its charter)

MARYLAND		27-3794690
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
1691 Michigan Avenue Miami Beach, Florida		33139
(Address of principal executive offices)		(Zip Code)

(786) 297-9500

(Registrant’s Telephone Number, Including Area Code)

None

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, par value $0.001 per share	PFLT	The New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer		☑		Accelerated filer		☐
Non-accelerated filer		☐		Smaller reporting company		☐
Emerging growth company		☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares of the registrant’s common stock, $0.001 par value per share, outstanding as of May 7, 2026 was 99,217,896.

PENNANTPARK FLOATING RATE CAPITAL LTD.

FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026

TABLE OF CONTENTS

PART I. CONSOLIDATED FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements		4
Consolidated Statements of Assets and Liabilities as of March 31, 2026 (unaudited) and September 30, 2025		4
Consolidated Statements of Operations for the three and six months ended March 31, 2026 and 2025 (unaudited)		5
Consolidated Statements of Changes in Net Assets for the three and six months ended March 31, 2026 and 2025 (unaudited)		6
Consolidated Statements of Cash Flows for the six months ended March 31, 2026 and 2025 (unaudited)		7
Consolidated Schedules of Investments as of March 31, 2026 (unaudited) and September 30, 2025		8
Notes to Consolidated Financial Statements (unaudited)		27
Report of Independent Registered Public Accounting Firm (PCAOB ID 49)		54
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		56
Item 3. Quantitative and Qualitative Disclosures About Market Risk		78
Item 4. Controls and Procedures		79
PART II. OTHER INFORMATION
Item 1. Legal Proceedings		80
Item 1A. Risk Factors		80
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		80
Item 3. Defaults Upon Senior Securities		80
Item 4. Mine Safety Disclosures		80
Item 5. Other Information		80
Item 6. Exhibits		81
SIGNATURES		82

2

PART I—CONSOLIDATED FINANCIAL INFORMATION

We are filing this Quarterly Report on Form 10-Q, or the Report, in compliance with Rule 13a-13 as promulgated by the Securities and Exchange Commission, or the SEC, under the Securities Exchange Act of 1934, as amended, or the Exchange Act. In this Report, except where the context suggests otherwise, the terms “Company,” “we,” “our” or “us” refers to PennantPark Floating Rate Capital Ltd. and its wholly owned consolidated subsidiaries; “Funding I” refers to PennantPark Floating Rate Funding I, LLC; “Taxable Subsidiary” refers to collectively our consolidated subsidiaries PFLT Investment Holdings II, LLC and PFLT Investment Holdings, LLC; “PSSL” refers to PennantPark Senior Secured Loan Fund I LLC, an unconsolidated joint venture; “PTSF” refers to PennantPark-TSO Senior Loan Fund, LP, a consolidated limited partnership; “PTSF’s GP” refers to PennantPark-TSO Senior Loan Fund GP, LLC a wholly owned subsidiary; "PSSL II” refers to PennantPark Senior Secured Loan Fund II LLC, an unconsolidated joint venture; "2037 Securitization Issuer" refers to PennantPark CLO 11, LLC, a consolidated Delaware limited liability company, “PennantPark Investment Advisers” or “Investment Adviser” refers to PennantPark Investment Advisers, LLC; “PennantPark Investment Administration” or “Administrator” refers to PennantPark Investment Administration, LLC; “2023 Notes” refers to our 4.3% Series A notes due 2023; “2026 Notes” refers to our 4.25% Notes due 2026; “2029 Notes” refers to our 6.75% Notes due 2029; “1940 Act” refers to the Investment Company Act of 1940, as amended; “SBCAA” refers to the Small Business Credit Availability Act; “Code” refers to the Internal Revenue Code of 1986, as amended; “RIC” refers to a regulated investment company under the Code; “BDC” refers to a business development company under the 1940 Act; “Credit Facility” refers to our multi-currency senior secured revolving credit facility, as amended from time to time, with Truist Bank and other lenders, or the “Lenders,” entered into on August 12, 2021; “Securitization Issuer” refers to PennantPark CLO I, Ltd.; “Securitization Issuers” refers to the Securitization Issuer and PennantPark CLO I, LLC; “Debt Securitization” refers to the $301.4 million term debt securitization completed by the Securitization Issuers; “2031 Asset-Backed Debt” refers to (i) the issuance of the Class A-1 Senior Secured Floating Rate Notes due 2031, the Class A-2 Senior Secured Fixed Rate Notes due 2031, the Class B-1 Senior Secured Floating Rate Notes due 2031, the Class B-2 Senior Secured Fixed Rate Notes due 2031, the Class C-1 Secured Deferrable Floating Rate Notes due 2031, the Class C-2 Secured Deferrable Fixed Rate Notes due 2031, and the Class D Secured Deferrable Floating Notes due 2031 and (ii) the borrowing of the Class A‑1 Senior Secured Floating Rate Notes due 2031 by the Securitization Issuers in connection with the Debt Securitization; and “Depositor” refers to PennantPark CLO I Depositor, LLC. 2036 Securitization Issuer refers to PennantPark CLO VIII, LLC; “2036-Debt Securitization” refers to the $350.6 million term debt securitization completed by the "2036 Securitization Issuers"; “2036 Asset-Backed Debt” refers to the issuance of the AAA(sf) Class A-1 Notes, AAA(sf) Class A-2 Notes, AA(sf) Class B Notes, A(sf) Class C Notes, BBB-(sf) Class D Notes, and the issuance of AAA(sf) Class A-1 floating rate loans. (the "Class A-1 Loans" with the 2036-Secured Notes.);“2038-R Securitization Issuers” refers to Securitization Issuer and PennantPark CLO VIII LLC; “2038-R Indenture” refers to that certain indenture, dated February 22, 2024, by and among the 2038-R Securitization Issuers and Wilmington Trust, National Association, as amended by the supplemental indenture, dated February 24, 2026; “2038-R Asset-Backed Debt” refers to the issuance by the 2038-R Securitization Issuers of the following classes of notes pursuant the 2038-R Indenture (i) $80 million of A-1-R Loan, which bear interest at the three-month secured overnight financing rate (“SOFR”) plus 1.43%, (ii) $123 million of A-1-R Notes, which bear interest at three-month SOFR plus 1.43%, (iii) $14 million of Class A-2-R Notes, which bear interest at three-month SOFR plus 1.60%, (iv) $24.5 million of C-R Notes, which bear interest at three-month SOFR plus 2.15% and (v) $19.250 million of D-R Notes, which bear interest at three-month SOFR plus 3.20% (collectively, the “Secured Notes 2038”), (B) the issuance by a 2038-R Securitization Issuer of $69.450 million of subordinated notes pursuant to the 2038-R Indenture (the “Subordinated Notes 2038”), (C) the borrowing by the Securitization Issuer of $26.250 million of Class B-R Loans, which bear interest at three-month SOFR plus 1.75% (the “Class B-R 2038 Loans”),“2036-R Securitization Issuers” refers to Securitization Issuer and PennantPark CLO I LLC; “2036-R Indenture” refers to that certain indenture, dated September 19, 2019, by and among the 2036-R Securitization Issuers and U.S. Bank Trust Company, National Association, as amended by the second supplemental indenture, dated June 25, 2024; “2036-R Asset-Backed Debt” refers to the issuance by the 2036-R Securitization Issuers of the following classes of notes pursuant the 2036-R Indenture (i) $203 million of A-1-R Notes, which bear interest at the three-month secured overnight financing rate (“SOFR”) plus 1.75%, (ii) $10.5 million of A-2-R Notes, which bear interest at three-month SOFR plus 1.90%, (iii) $12 million of Class B-R Notes, which bear interest at three-month SOFR plus 2.05%, (iv) $28.0 million of C-R Notes, which bear interest at three-month SOFR plus 2.75% and (v) $21 million of D-R Notes, which bear interest at three-month SOFR plus 4.30% (collectively, the “Secured Notes”), (B) the issuance by a 2036-R Securitization Issuer of $64 million of subordinated notes pursuant to the 2036-R Indenture (the “Subordinated Notes”), (C) the borrowing by the Securitization Issuer of $12.5 million of Class B-R Loans, which bear interest at three-month SOFR plus 2.05% (the “Class B-R Loans”); “2037 Debt Securitization” refers to the $474.6 million term debt securitization completed by 2037 Securitization Issuer; “2037 Credit Agreement” refers to that certain credit agreement, dated as of February 20, 2025 by and among 2037 Securitization Issuer, as borrower, the various financial institutions party thereto, as lenders, and Western Alliance Trust Company, National Association, as collateral agent and as loan agent; “2037 Indenture” refers to that certain indenture, dated as of February 20, 2025 by and between 2037 Securitization Issuer and Western Alliance Trust Company, National Association; “2037 Asset-Backed Debt” refers to (A) the issuance by 2037 Securitization Issuer of the following classes of notes pursuant to the 2037 Indenture: (i) $220.5 million of AAA(sf) Class A-1 Notes, which bear interest at three-month SOFR plus 1.49%, (ii) $19.0 million of AAA(sf) Class A-2 Notes, which bear interest at three-month SOFR plus 1.60%, (iii) $28.5 million of AA(sf) Class B Notes, which bear interest at three-month SOFR plus 1.75%, (iv) $38.0 million of A(sf) Class C Notes, which bear interest at three-month SOFR plus 2.20%, (v) $28.5 million of BBB-(sf) Class D Notes (the “2037 Class D Notes”), which bear interest at three-month SOFR plus 3.60%, (collectively, the “2037 Secured Notes”), and (vi) $85.1 million of subordinated notes (“2037 Subordinated Notes” and, together with the 2037 Secured Notes, the “2037 Notes”) and (B) the borrowing by the Issuers of $10.0 million under AAA(sf) Class A-1L-A floating rate loans and $45.0 million under AAA(sf) Class A-1L-B floating rate loans (together, the “2037 Asset-Backed Loans”), which bear interest at three-month SOFR plus 1.49%. References to our portfolio, our investments, our multi-currency, senior secured revolving credit facility, as amended and restated, or the Credit Facility, and our business includes investments we make through our subsidiaries.

3

Item 1. Consolidated Financial Statements

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(in thousands, except share and per share data)

		March 31, 2026				September 30, 2025
		(unaudited)
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost— $2,151,925  and $2,458,018, respectively)		$	2,189,011			$	2,491,360
Controlled, affiliated investments (amortized cost— $494,500  and $361,375, respectively)			391,270				281,968
Total investments (amortized cost— $2,646,425 and $2,819,393, respectively)			2,580,281				2,773,328
Cash equivalents (cost— $31,427 and $40,729, respectively)			31,427				40,729
Cash (cost— $90,446 and $81,955, respectively)			90,444				81,959
Interest receivable			12,611				13,832
Distributions receivable			900				—
Receivable for investments sold			30,052				1,369
Due from affiliates			136				321
Prepaid expenses and other assets			2,085				2,143
Total assets			2,747,936				2,913,681
Liabilities
Credit Facility payable, at fair value (cost— $328,355 and $683,855, respectively)			328,333				683,837
2026 Notes payable, net (par—$185,000) (unamortized deferred financing costs of $2 and $391, respectively)			184,998				184,609
2029 Notes payable, net (par—$200,000 and $0) (unamortized deferred financing costs of $4,132 and $0, respectively)			195,868				—
2036 Asset-Backed Debt, net (par—$0 and $287,000) (unamortized deferred financing costs of $0 and $2,373, respectively)			—				284,627
2036-R Asset-Backed Debt, net (par— $287,000 and $266,000) (unamortized deferred financing costs of $415 and $634, respectively)			286,585				265,366
2037 Asset-Backed Debt, net (par— $389,500 and $361,000) (unamortized deferred financing costs of $2,355 and $2,669, respectively)			387,145				358,331
2038-R Asset-Backed Debt, net (par—$287,000 and $0) (unamortized deferred financing costs of $2,230 and $0, respectively)			284,770				—
Payable for investments purchased			—				14,852
Interest payable on debt			15,407				19,172
Distributions payable			10,170				10,170
Base management fee payable			6,427				6,549
Incentive fee payable			6,437				6,883
Accounts payable and accrued expenses			1,581				2,166
Deferred tax liability			1,558				1,864
Due to affiliates			—				739
Total liabilities			1,709,279				1,839,165
Commitments and contingencies (See Note 11)
Net assets
Common stock, 99,217,896 and 99,217,896 shares issued and outstanding, respectively    Par value $0.001 per share and 200,000,000 shares authorized			99				99
Paid-in capital in excess of par value			1,219,502				1,219,502
Accumulated deficit			(180,944	)			(145,085	)
Total net assets		$	1,038,657			$	1,074,516
Total liabilities and net assets		$	2,747,936			$	2,913,681
Net asset value per share		$	10.47			$	10.83

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(Unaudited)

		Three Months Ended March 31,								Six Months Ended March 31,
		2026				2025				2026				2025
Investment income:
From non-controlled, non-affiliated investments:
Interest		$	50,735			$	49,215			$	107,265			$	96,678
Dividend			33				369				41				946
Other income			386				634				1,148				2,114
From controlled, affiliated investments:
Interest			8,652				7,345				16,497				20,153
Dividend			6,150				4,375				11,094				8,750
Other income			—				—				—				306
Total investment income			65,956				61,938				136,045				128,947
Expenses:
Interest and expenses on debt			24,139				22,529				51,293				44,890
Performance-based incentive fee			6,437				6,258				13,097				13,750
Base management fee			6,427				5,604				13,241				10,868
General and administrative expenses			1,200				1,200				2,400				2,400
Administrative services expenses			900				650				1,800				1,150
Expenses before amendment costs, debt issuance costs and provision for taxes			39,103				36,241				81,831				73,058
Provision for taxes on net investment income			25				225				250				450
Credit Facility amendment and debt issuance costs			1,080				442				1,578				442
Total expenses			40,208				36,908				83,659				73,950
Net investment income			25,748				25,030				52,386				54,997
Realized and unrealized gain (loss) on investments and debt:
Net realized gain (loss) on:
Non-controlled, non-affiliated investments			(7,535	)			(795	)			(6,079	)			386
Non-controlled and controlled, affiliated investments			—				(2,682	)			—				22,811
Provision for taxes on realized gain (loss) on investments			—				(21	)			—				(94	)
Debt extinguishment			(1,380	)			—				(1,380	)			—
Net realized gain (loss) on investments and debt			(8,915	)			(3,498	)			(7,459	)			23,103
Net change in unrealized appreciation (depreciation) on:
Non-controlled, non-affiliated investments			25,010				(9,630	)			3,744				(6,688	)
Non-controlled and controlled, affiliated investments			(12,802	)			(11,146	)			(23,823	)			(43,050	)
Provision for taxes on unrealized appreciation (depreciation) on investments			(329	)			468				307				1,100
Debt appreciation (depreciation)			26				1				4				91
Net change in unrealized appreciation (depreciation) on investments and debt			11,905				(20,307	)			(19,768	)			(48,547	)
Net realized and unrealized gain (loss) from investments and debt			2,990				(23,805	)			(27,227	)			(25,444	)
Net increase (decrease) in net assets resulting from operations		$	28,738			$	1,225			$	25,159			$	29,553
Net increase (decrease) in net assets resulting from operations per common share (See Note 7)		$	0.29			$	0.01			$	0.25			$	0.34
Net investment income per common share		$	0.26			$	0.28			$	0.53			$	0.64

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

5

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(in thousands, except share issue data)

(Unaudited)

		Three Months Ended March 31,								Six Months Ended March 31,
		2026				2025				2026				2025
Net increase (decrease) in net assets from operations:
Net investment income		$	25,748			$	25,030			$	52,386			$	54,997
Net realized gain (loss) on investments			(7,535	)			(3,477	)			(6,079	)			23,197
Net realized loss on debt extinguishment			(1,380	)			—				(1,380	)			—
Net change in unrealized appreciation (depreciation) on investments			12,208				(20,776	)			(20,079	)			(49,738	)
Net change in provision for taxes on realized and unrealized appreciation (depreciation) on investments			(329	)			447				307				1,006
Net change in unrealized appreciation (depreciation) on debt			26				1				4				91
Net increase (decrease) in net assets resulting from operations			28,738				1,225				25,159				29,553
Distributions to stockholders:
Distribution of net investment income			(30,510	)			(27,699	)			(61,018	)			(52,879	)
Total distributions to stockholders			(30,510	)			(27,699	)			(61,018	)			(52,879	)
Capital transactions
Public offering			—				131,103				—				213,811
Offering costs			—				(149	)			—				(648	)
Net increase in net assets resulting from capital transactions			—				130,954				—				213,163
Net increase (decrease) in net assets			(1,772	)			104,480				(35,859	)			189,837
Net assets:
Beginning of period			1,040,429				962,651				1,074,516				877,294
End of period		$	1,038,657			$	1,067,131			$	1,038,657			$	1,067,131
Capital share activity:
Shares issued from public offering			—				11,562,000				—				18,838,000

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited)

		Six Months Ended March 31,
		2026				2025
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations		$	25,159			$	29,553
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash    provided by (used in) operating activities:
Net change in unrealized (appreciation) depreciation on investments			20,079				49,738
Net change in unrealized appreciation (depreciation) on debt			(4	)			(91	)
Net realized (gain) loss on investments			6,079				(23,197	)
Debt extinguishment			1,380				—
Net accretion of discount and amortization of premium			(3,603	)			(7,430	)
Purchases of investments			(462,714	)			(900,239	)
Payment-in-kind interest			(3,140	)			(3,076	)
Proceeds from dispositions of investments			636,347				523,668
Amortization of deferred financing costs			2,221				779
(Increase) decrease in:
Interest receivable			1,221				1,073
Receivable for investments sold			(28,683	)			(2,048	)
Distribution receivable			(900	)			(311	)
Prepaid expenses and other assets			58				(2,070	)
Due from affiliate			185				209
Increase (decrease) in:
Payable for investments purchased			(14,852	)			(20,363	)
Interest payable on debt			(3,765	)			557
Base management fee payable			(122	)			1,016
Incentive fee payable			(446	)			3,069
Deferred tax liability			(306	)			(1,100	)
Due to affiliates			(739	)			—
Accounts payable and accrued expenses			(585	)			(523	)
Net cash provided by (used in) operating activities			172,870				(350,786	)
Cash flows from financing activities:
Proceeds from public offering			—				213,811
Offering costs			—				(648	)
Issuance of 2037 Asset-Backed Debt			—				361,000
Capitalized borrowing costs for the 2037 Asset-Backed Debt			—				(2,971	)
Issuance of 2029 Notes			200,000				—
Capitalized borrowing costs for the 2029 Notes			(4,132	)			—
Issuance of 2038-R Asset-Backed Debt			287,000				—
Capitalized borrowing costs for the 2038-R Asset-Backed Debt			(2,536	)			—
Borrowings of 2037 Asset-Backed Debt			28,500				—
Borrowings of 2036-R Asset-Backed Debt			21,000				—
Repayment of 2036 Asset-Backed Debt			(287,000	)			—
Distributions paid to stockholders			(61,019	)			(51,086	)
Borrowings under Credit Facility			141,500				235,001
Repayments under Credit Facility			(497,000	)			(405,000	)
Net cash provided by (used in) financing activities			(173,687	)			350,107
Net increase (decrease) in cash and cash equivalents			(817	)			(679	)
Effect of exchange rate changes on cash			—				(13	)
Cash and cash equivalents, beginning of period			122,688				112,050
Cash and cash equivalents, end of period		$	121,871			$	111,358
Supplemental disclosures:
Interest paid		$	52,837			$	43,554
Taxes paid		$	790			$	900
Non-cash exchanges and conversions		$	2,030			$	551
Non-cash purchases and disposition of investments		$	133,131			$	—

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

7

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 210.8% (3), (4)
First Lien Secured Debt - 187.6% of Net Assets
ACP Avenu Buyer, LLC		10/2/2023		10/02/2029		IT Services			8.69	%		3M SOFR+ 500					23,872			$	23,668			$	23,275
ACP Avenu Buyer, LLC - Unfunded Term Loan (8)		10/2/2023		04/21/2027		IT Services			—				—				10,872				—				(217	)
ACP Avenu Buyer, LLC - Unfunded Revolver (6), (8)		10/2/2023		10/02/2029		IT Services			—				—				7,612				—				(190	)
ACP Falcon Buyer, LLC - Unfunded Revolver (6), (8)		7/26/2023		08/01/2029		Professional Services			—				—				3,096				—				—
Ad.net Acquisition, LLC		5/4/2021		05/07/2026		Media			9.93	%		3M SOFR+ 626					8,113				8,109				8,113
Ad.net Acquisition, LLC - Funded Revolver		5/4/2021		05/08/2028		Media			9.96	%		3M SOFR+ 626					747				747				747
Ad.net Acquisition, LLC - Unfunded Revolver (6), (8)		5/4/2021		05/08/2028		Media			—				—				498				—				—
Aechelon Technology, Inc.		8/16/2024		08/16/2029		Aerospace and Defense			9.42	%		1M SOFR+ 575					14,854				14,747				15,003
Aechelon Technology, Inc. - Funded Revolver		8/16/2024		08/16/2029		Aerospace and Defense			9.42	%		1M SOFR+ 575					2,776				2,776				2,776
Aechelon Technology, Inc. - Unfunded Revolver (8)		8/16/2024		08/16/2029		Aerospace and Defense			—				—				1,943				—				—
AFC-Dell Holding Corp.		2/22/2024		04/09/2027		Distributors			8.67	%		3M SOFR+ 500					19,994				19,975				19,994
AFC-Dell Holding Corp. - Unfunded Term Loan (8)		2/22/2024		04/09/2027		Distributors			—				—				7,213				—				—
AFC-Dell Holding Corp. - Funded Revolver		2/22/2024		10/09/2028		Distributors			8.67	%			—				299				299				299
AFC-Dell Holding Corp. - Unfunded Revolver (8)		2/22/2024		10/09/2028		Distributors			—								1,795				—				—
Alpine Acquisition Corp II - Second Out Term Loan		8/27/2025		01/14/2031		Containers and Packaging			8.67	%		3M SOFR+ 500					322				322				322
Alpine Acquisition Corp II - Third Out Term Loan		8/27/2025		01/14/2031		Containers and Packaging			8.92	%		3M SOFR+ 525					430				430				430
Alpine Acquisition Corp II - Unfunded Term Loan (8)		8/27/2025		12/29/2030		Containers and Packaging			—								32				—				—
Alpine Acquisition Corp II - Unfunded Revolver (8)		8/27/2025		12/29/2030		Containers and Packaging			—								129				—				—
Amsive Holdings Corporation		3/2/2020		12/10/2026		Media			9.95	%		3M SOFR+ 625					19,171				19,128				18,979
Aphix Buyer, Inc.		7/17/2025		07/17/2031		Business Services			8.42	%		3M SOFR+ 475					12,797				12,719				12,733
Aphix Buyer, Inc. - Unfunded Term Loan (8)		7/17/2025		07/16/2027		Business Services			—								12,127				—				15
Aphix Buyer, Inc. - Unfunded Revolver (8)		7/17/2025		07/17/2031		Business Services			—								3,995				—				(20	)
APT OPCO, LLC - Unfunded Term Loan (8)		9/29/2025		09/30/2027		Healthcare Providers and Services			—								2,729				—				17
APT OPCO, LLC - Unfunded Revolver (8)		9/29/2025		09/30/2031		Healthcare Providers and Services			—								2,729				—				—
Anteriad, LLC (f/k/a MeritDirect, LLC)		5/21/2019		12/31/2027		Media			9.60	%		3M SOFR+ 590					11,817				11,800				11,729
Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan		5/21/2019		12/31/2027		Media			9.60	%		3M SOFR+ 590					1,928				1,926				1,914
Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver (6)		5/21/2019		12/31/2027		Media			11.50	%		Prime + 475					410				410				407
Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver (8)		5/21/2019		12/31/2027		Media			—				—				2,460				—				(18	)
Arcfield Acquisition Corp.		10/28/2024		10/28/2031		Aerospace and Defense			8.67	%		3M SOFR+ 500					15,306				15,292				15,229
Arcfield Acquisition Corp. - Unfunded Revolver (6), (8)		10/28/2024		10/28/2031		Aerospace and Defense			—				—				3,547				—				(18	)
Archer Lewis, LLC		8/28/2024		08/28/2029		Healthcare Technology			9.45	%		3M SOFR+ 575					26,408				26,209				25,880
Archer Lewis, LLC - Unfunded Term Loan (8)		8/28/2024		08/28/2026		Healthcare Technology			—				—				13,292				—				(133	)
Archer Lewis, LLC - Funded Revolver		8/28/2024		08/28/2029		Healthcare Technology			9.42	%		3M SOFR+ 575					3,252				3,252				3,187
Argano, LLC		9/13/2024		09/13/2029		Business Services			9.18	%		3M SOFR+ 550					40,928				40,608				40,518
Argano, LLC - Unfunded Term Loan (8)		9/13/2024		06/03/2027		Business Services			—								1,596				—				(4	)
Argano, LLC – Unfunded Revolver (8)		9/13/2024		09/13/2029		Business Services			—				—				1,421				—				(14	)
Azureon, LLC (F/K/A Tpcn Midco, LLC)		6/26/2024		06/26/2029		Diversified Consumer Services			9.45	%		3M SOFR+ 575					22,355				22,165				22,020
Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Term Loan (8)		6/26/2024		11/26/2027		Diversified Consumer Services			—								13,499				—				(101	)
Azureon, LLC (F/K/A Tpcn Midco, LLC) - Funded Revolver		6/26/2024		06/26/2029		Diversified Consumer Services			9.44	%		3M SOFR+ 575					3,505				3,505				3,453
Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Revolver (8)		6/26/2024		06/26/2029		Diversified Consumer Services			—				—				270				—				(4	)
Beacon Behavioral Support Services, LLC		6/21/2024		06/21/2029		Healthcare Providers and Services			9.20	%		3M SOFR+ 550					27,728				27,447				27,728
Beacon Behavioral Support Services, LLC - Unfunded Term Loan - 3rd Amendment (8)		6/21/2024		06/21/2027		Healthcare Providers and Services			—				—				19,638				—				196
Beacon Behavioral Support Services, LLC. - Funded Revolver		6/21/2024		06/21/2029		Healthcare Providers and Services			11.25	%			—				1,262				1,262				1,262
Beacon Behavioral Support Services, LLC - Unfunded Revolver (8)		6/21/2024		06/21/2029		Healthcare Providers and Services			—				—				841				—				—
Best Practice Associates, LLC		11/7/2024		11/08/2029		Aerospace and Defense			10.42	%		3M SOFR+ 675					58,500				57,819				57,183
Best Practice Associates, LLC - Unfunded Revolver (8)		11/7/2024		11/08/2029		Aerospace and Defense			—				—				5,732				—				(129	)
Beta Plus Technologies, Inc.		2/29/2024		07/02/2029		Internet Software and Services			9.45	%		1M SOFR+ 575					22,599				22,111				22,260
Big Top Holdings, LLC		2/29/2024		02/28/2030		Construction & Engineering			8.95	%		3M SOFR+ 525					21,663				21,416				21,663

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

8

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Big Top Holdings, LLC - Unfunded Revolver (8)		2/29/2024		02/28/2030		Construction & Engineering			—				—				4,479				—				—
Bioderm, Inc.		8/27/2025		01/31/2028		Healthcare Equipment and Supplies			10.17	%		1M SOFR+ 650					987				984				973
Bioderm, Inc. - Funded Revolver		1/30/2023		01/31/2028		Healthcare Equipment and Supplies			10.17	%		1M SOFR+ 650					1,071				1,071				1,055
Blackhawk Industrial Distribution, Inc.		6/27/2022		09/17/2026		Distributors			9.10	%		3M SOFR+ 540					8,086				8,073				7,844
Blackhawk Industrial Distribution, Inc. - Funded Revolver (6)		6/27/2022		09/17/2026		Distributors			9.10	%		3M SOFR+ 540					2,233				2,233				2,166
Blackhawk Industrial Distribution, Inc. - Unfunded Revolver (8)		6/27/2022		09/17/2026		Distributors			—				—				1,650				—				(50	)
BLC Holding Company, Inc.		11/20/2024		11/20/2030		Business Services			8.17	%		3M SOFR+ 450					19,256				19,147				19,256
BLC Holding Company, Inc. - Unfunded Term Loan (8)		11/20/2024		11/20/2026		Business Services			—				—				10,994				—				82
BLC Holding Company, Inc. - Unfunded Revolver (8)		11/20/2024		11/20/2030		Business Services			—				—				4,398				—				—
Blue Cloud Pediatric Surgery Centers LLC		8/12/2025		01/21/2031		Healthcare Providers and Services			8.67	%		3M SOFR+ 500					7,713				7,643				7,598
Blue Cloud Pediatric Surgery Centers LLC - Unfunded Term Loan (8)		8/12/2025		07/30/2027		Healthcare Providers and Services			—				—				2,759				—				(14	)
Boss Industries, LLC		12/27/2024		12/27/2030		Independent Power and Renewable Electricity Producers			8.45	%		3M SOFR+ 475					12,023				11,953				12,023
Boss Industries, LLC - Unfunded Revolver (8)		12/27/2024		12/27/2030		Independent Power and Renewable Electricity Producers			—				—				2,744				—				—
Burgess Point Purchaser Corporation		8/12/2024		07/25/2029		Auto Components			9.02	%		3M SOFR+ 535					18,625				17,605				16,158
By Light Professional IT Services, LLC		7/15/2025		07/15/2031		High Tech Industries			9.17	%		1M SOFR+ 550					23,403				23,229				23,052
By Light Professional IT Services, LLC - Unfunded Revolver (6), (8)		7/15/2025		07/15/2031		High Tech Industries			—				—				3,671				—				(55	)
Capital Construction, LLC		6/30/2025		10/22/2026		Consumer Services			9.56	%		3M SOFR+ 590					7,960				7,934				7,841
Carisk Buyer, Inc.		11/27/2023		12/03/2029		Healthcare Technology			8.67	%		3M SOFR+ 500					5,390				5,336				5,403
Carisk Buyer, Inc. - Unfunded Term Loan (8)		11/27/2023		12/03/2029		Healthcare Technology			—				—				4,813				—				60
Carisk Buyer, Inc. - Unfunded Term Loan - 1st Amendment (8)		11/27/2023		12/03/2029		Healthcare Technology			—				—				3,056				—				31
Carisk Buyer, Inc. - Unfunded Revolver (6), (8)		11/27/2023		12/03/2029		Healthcare Technology			—				—				1,750				—				4
Carnegie Dartlet, LLC		2/7/2024		02/07/2030		Professional Services			9.17	%		3M SOFR+ 550					33,636				33,256				33,383
Carnegie Dartlet, LLC - Unfunded Revolver (8)		2/7/2024		02/07/2030		Professional Services			—				—				5,405				—				(41	)
Cartessa Aesthetics, LLC		6/1/2022		06/14/2028		Distributors			9.70	%		3M SOFR+ 600					15,640				15,552				15,562
Cartessa Aesthetics, LLC - Unfunded Revolver (6), (8)		6/1/2022		06/14/2028		Distributors			—				—				1,438				—				(7	)
Case Works, LLC		10/1/2024		10/01/2029		Professional Services			8.93	%		3M SOFR+ 525					15,914				15,812				15,755
Case Works, LLC - Funded Revolver		10/1/2024		10/01/2029		Professional Services			8.95	%		3M SOFR+ 525					3,102				3,102				3,071
Case Works, LLC - Unfunded Revolver (8)		10/1/2024		10/01/2029		Professional Services			—				—				1,007				—				(10	)
Cf512, Inc.		8/17/2021		08/20/2026		Media			9.86	%		3M SOFR+ 619					10,246				10,221				10,143
Cf512, Inc. - Funded Revolver		8/17/2021		09/01/2026		Media			9.69	%		3M SOFR+ 602					86				86				85
Cf512, Inc. - Unfunded Revolver (6), (8)		8/17/2021		09/01/2026		Media			—				—				869				—				(9	)
CJX Borrower, LLC		7/8/2021		07/13/2027		Media			9.44	%		3M SOFR+ 576					8,380				8,297				8,255
CJX Borrower, LLC - Unfunded Term Loan (8)		7/8/2021		07/13/2027		Media			—				—				224				—				38
CJX Borrower, LLC - Funded Revolver		7/8/2021		07/13/2027		Media			9.44	%		3M SOFR+ 576					691				691				681
CJX Borrower, LLC - Unfunded Revolver (8)		7/8/2021		07/13/2027		Media			—				—				543				—				(8	)
Coolsys, Inc.		8/27/2025		08/11/2028		Commercial Services & Supplies			8.66	%		3M SOFR+ 501					2,279				1,999				1,885
Commercial Fire Protection Holdings, LLC		9/23/2024		09/23/2030		Commercial Services & Supplies			8.20	%		3M SOFR+ 450					28,937				28,766				28,937
Commercial Fire Protection Holdings, LLC - Unfunded Term Loan (8)		9/23/2024		09/23/2026		Commercial Services & Supplies			—				—				9,592				—				72
Commercial Fire Protection Holdings, LLC - Unfunded Revolver (8)		9/23/2024		09/23/2030		Commercial Services & Supplies			—				—				5,014				—				—
Confluent Health, LLC		3/25/2024		11/30/2028		Healthcare Providers and Services			7.79	%		1M SOFR+ 411					4,783				4,453				4,059
Confluent Health, LLC - Amendment No.4 Term Loan		3/25/2024		11/30/2028		Healthcare Providers and Services			8.67	%		1M SOFR+ 500					6,860				6,730				6,860
Cornerstone Advisors of Arizona, LLC		5/13/2025		05/13/2032		Consulting Services			8.42	%		3M SOFR+ 475					6,269				6,239				6,237
Cornerstone Advisors of Arizona, LLC - Unfunded Revolver (8)		5/13/2025		05/13/2032		Consulting Services			—								1,705				—				(9	)
Crane 1 Services, Inc.		8/11/2021		08/16/2027		Commercial Services & Supplies			9.53	%		3M SOFR+ 586					4,210				4,185				4,147
Crane 1 Services, Inc. - Unfunded Revolver (6), (8)		8/11/2021		08/16/2027		Commercial Services & Supplies			—				—				502				—				(8	)
C5MI Acquisition, LLC		7/31/2024		07/31/2029		IT Services			9.67	%		3M SOFR+ 600					39,340				38,939				39,340
C5MI Acquisition, LLC - Funded Revolver		7/31/2024		07/31/2029		IT Services			9.67	%		3M SOFR+ 600					3,637				3,637				3,637

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

9

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
C5MI Acquisition, LLC - Unfunded Revolver (8)		7/31/2024		07/31/2029		IT Services			—				—				5,456				—				—
DRI Holding Inc.		5/23/2024		12/21/2028		Media			9.02	%		1M SOFR+ 535					13,100				12,898				12,636
DRS Holdings III, Inc.		10/29/2019		11/01/2028		Chemicals, Plastics and Rubber			8.92	%		3M SOFR+ 525					6,560				6,532				6,625
DRS Holdings III, Inc. - Unfunded Revolver (6), (8)		10/29/2019		11/01/2028		Personal Products			—				—				487				—				—
Duggal Acquisition, LLC		9/30/2024		09/30/2030		Marketing Services			8.45	%		3M SOFR+ 475					12,401				12,305				12,401
Duggal Acquisition, LLC - Unfunded Term Loan (8)		9/30/2024		09/30/2026		Marketing Services			—				—				2,235				—				22
Duggal Acquisition, LLC - Unfunded Revolver (8)		9/30/2024		09/30/2030		Marketing Services			—				—				5,605				—				—
DX Electric Company, LLC		10/1/2025		10/01/2031		Electronic Equipment, Instruments, and Components			8.94	%		3M SOFR+ 525					7,029				6,980				7,029
DX Electric Company, LLC - Unfunded Revolver (8)		10/1/2025		10/01/2031		Electronic Equipment, Instruments, and Components			—				—				1,257				—				—
Dynata, LLC - First Out Term Loan		7/15/2024		07/17/2028		Business Services			8.91	%		3M SOFR+ 526					2,353				2,266				2,296
Dynata, LLC - Last Out Term Loan		7/15/2024		10/16/2028		Business Services			9.41	%		3M SOFR+ 576					14,598				14,132				7,372
Emergency Care Partners, LLC		10/18/2024		10/18/2027		Healthcare Providers and Services			8.67	%		3M SOFR+ 500					7,900				7,869				7,900
Emergency Care Partners, LLC - Unfunded Term Loan (8)		10/18/2024		10/19/2026		Healthcare Providers and Services			—				—				4,320				—				—
Emergency Care Partners, LLC - Unfunded Revolver (8)		10/18/2024		10/18/2027		Healthcare Providers and Services			—				—				1,810				—				—
EDS Buyer, LLC		12/19/2022		01/10/2029		Electronic Equipment, Instruments, and Components			8.17	%		3M SOFR+ 450					10,512				10,426				10,512
EDS Buyer, LLC. - Unfunded Revolver (6), (8)		12/19/2022		01/10/2029		Electronic Equipment, Instruments, and Components			—				—				2,298				—				—
Efficient Collaborative Retail Marketing Company, LLC		10/23/2018		09/30/2026		Media: Diversified and Production			10.68	%		3M SOFR+ 701					8,734				8,756				7,337
								(PIK 2.5%)
ETE Intermediate II, LLC		5/24/2023		05/29/2029		Diversified Consumer Services			8.67	%		3M SOFR+ 500					1,647				1,638				1,647
ETE Intermediate II, LLC - Funded Revolver		5/24/2023		05/29/2029		Diversified Consumer Services			8.67	%		3M SOFR+ 500					110				110				110
ETE Intermediate II, LLC - Unfunded Revolver (8)		5/24/2023		05/29/2029		Diversified Consumer Services			—				—				1,546				—				—
Eval Home Care Solutions Intermediate, LLC		5/10/2024		05/10/2030		Healthcare, Education and Childcare			9.42	%		1M SOFR+ 575					17,313				17,145				17,313
Eval Home Care Solutions Intermediate, LLC - Unfunded Revolver (8)		5/10/2024		05/10/2030		Healthcare, Education and Childcare			—				—				2,640				—				—
Exigo Intermediate II, LLC		8/27/2025		03/15/2027		Software			10.02	%		1M SOFR+ 635					4,762				4,762				4,524
Exigo Intermediate II, LLC - Unfunded Revolver (8)		3/10/2022		03/15/2027		Software			—				—				689				—				(34	)
Express Wash Acquisition Company, LLC		4/10/2025		04/10/2031		Automobiles			9.90	%		3M SOFR+ 625					34,848				34,695				33,889
Express Wash Acquisition Company, LLC - Unfunded Revolver (8)		4/10/2025		04/10/2031		Automobiles			—				—				2,139				—				(59	)
First Medical MSO, LLC		6/13/2025		06/13/2031		Healthcare Providers and Services			9.42	%		3M SOFR+ 575					7,743				7,674				7,588
First Medical MSO, LLC - Unfunded Term Loan (8)		6/13/2025		06/13/2027		Healthcare Providers and Services			—				—				4,700				—				(47	)
First Medical MSO, LLC - Unfunded Revolver (6) (8)		6/13/2025		06/13/2031		Healthcare Providers and Services			—				—				1,000				—				(20	)
Five Star Buyer, Inc.		2/21/2023		02/23/2028		Hotels, Restaurants and Leisure			12.82	%		3M SOFR+ 915					5,184				5,139				5,067
								(PIK 1.00%)
Five Star Buyer, Inc. - Unfunded Revolver (8)		2/21/2023		02/23/2028		Hotels, Restaurants and Leisure			—				—				370				—				(8	)
Galt Newco, LLC		3/27/2026		03/27/2032		Aerospace and Defense			9.21	%			—				10,236				10,172				10,172
Galt Newco, LLC - Unfunded Revolver (8)		3/27/2026		03/27/2032		Aerospace and Defense			—				—				4,387				—				—
Gauge ETE Blocker, LLC		5/24/2023		05/21/2029		Diversified Consumer Services			12.56	%			—				304				304				304
GGG Midco, LLC		9/27/2024		09/27/2030		Diversified Consumer Services			8.67	%		3M SOFR+ 500					31,108				30,845				31,398
GGG Midco, LLC - Unfunded Term Loan (8)		9/27/2024		09/27/2030		Diversified Consumer Services			—								809				—				16
GGG Midco, LLC – Unfunded Revolver (8)		9/27/2024		09/27/2030		Diversified Consumer Services			—				—				1,311				—				7
Global Holdings InterCo, LLC		3/11/2021		09/16/2027		Diversified Financial Services			9.27	%		1M SOFR+ 560					4,511				4,467				4,511
Graffiti Buyer, Inc.		8/9/2021		08/10/2027		Trading Companies & Distributors			9.29	%		3M SOFR+ 560					5,489				5,427				5,338
Graffiti Buyer, Inc. - Unfunded Term Loan (8)		8/9/2021		08/10/2027		Trading Companies & Distributors			—				—				984				—				(20	)
Graffiti Buyer, Inc. - Unfunded Revolver (6), (8)		8/9/2021		08/10/2027		Trading Companies & Distributors			—				—				865				—				(24	)
Hancock Roofing and Construction, LLC		12/23/2020		12/31/2026		Insurance			9.27	%		3M SOFR+ 560					3,916				3,903				3,662
Hancock Roofing and Construction, LLC - Funded Revolver (6)		12/23/2020		12/31/2026		Insurance			9.27	%		3M SOFR+ 560					750				750				701
Halo Buyer, Inc.		2/7/2025		08/07/2029		Consumer products			9.67	%		1M SOFR+ 600					10,546				10,458				10,493
Halo Buyer, Inc. - Funded Revolver		2/7/2025		08/07/2029		Consumer products			9.67	%		1M SOFR+ 600					839				839				835
Halo Buyer, Inc. - Unfunded Revolver (8)		2/7/2025		08/07/2029		Consumer products			—				—				1,883				—				(9	)
Harris & Co. LLC		8/9/2024		08/09/2030		Professional Services			8.67	%		3M SOFR+ 500					84,526				83,877				84,526

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

10

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Harris & Co. LLC - Unfunded Term Loan C (8)		8/9/2024		08/18/2027		Professional Services			—				—				1,564				—				14
Harris & Co. LLC - Funded Revolver		8/9/2024		08/09/2030		Professional Services			8.66	%		1M SOFR+ 500					5,772				5,772				5,772
Harris & Co. LLC - Unfunded Revolver (8)		8/9/2024		08/09/2030		Professional Services			—				—				3,848				—				—
Harvest Group Topco Buyer, LLC		3/2/2026		03/02/2032		Media			8.40	%		3M SOFR+ 475					33,893				33,724				33,723
Harvest Group Topco Buyer, LLC - Unfunded Term Loan (8)		3/2/2026		03/02/2028		Media			—				—				8,499				—				—
Harvest Group Topco Buyer, LLC - Unfunded Revolver (8)		3/2/2026		03/02/2032		Media			—				—				6,799				—				—
HEC Purchaser Corp.		7/25/2024		06/17/2029		Healthcare, Education and Childcare			8.70	%		3M SOFR+ 500					9,126				9,048				9,126
Help/Systems Holdings, Inc.		8/27/2025		11/30/2026		Software			9.76	%		3M SOFR+ 610					1,437				1,355				1,234
Highwire Public Relations, LLC		1/12/2026		01/12/2031		Professional Services			8.70	%		3M SOFR+ 500					15,000				14,913				14,850
Highwire Public Relations, LLC - Unfunded Term Loan (8)		1/12/2026		01/12/2028		Professional Services			—								7,875				—				(30	)
Highwire Public Relations, LLC - Unfunded Revolver (8)		1/12/2026		01/12/2031		Professional Services			—								2,625				—				(26	)
Hills Distribution, Inc.		11/2/2023		11/08/2029		Distributors			9.19	%		1M SOFR+ 550					17,474				17,318				17,474
Hills Distribution, Inc. - Unfunded Term Loan (8)		11/2/2023		12/05/2027		Distributors			—				—				2,384				—				12
HW Holdco, LLC		1/9/2019		05/10/2027		Media			9.52	%		3M SOFR+ 585					12,177				12,175				12,177
HW Holdco, LLC - Unfunded Revolver (6), (8)		1/9/2019		05/11/2026		Media			—				—				1,452				—				—
IG Investments Holdings, LLC (6)		11/23/2021		09/22/2028		Professional Services			8.67	%		3M SOFR+ 500					4,431				4,397				4,332
IG Investments Holdings, LLC - Unfunded Revolver (6), (8)		11/23/2021		09/22/2028		Professional Services			—				—				722				—				(16	)
Imagine Acquisitionco, Inc. - Unfunded Revolver (8)		11/4/2021		11/16/2027		Software			—				—				1,193				—				(24	)
Impact Advisors, LLC		3/21/2025		03/19/2032		Business Services			8.17	%		3M SOFR+ 450					7,384				7,352				7,384
Impact Advisors, LLC - Unfunded Term Loan (8)		3/21/2025		03/21/2027		Business Services			—				—				9,665				—				48
Impact Advisors, LLC - Funded Revolver		3/21/2025		03/19/2032		Business Services			10.25	%			—				1,167				1,167				1,167
Impact Advisors, LLC - Unfunded Revolver (8)		3/21/2025		03/19/2032		Business Services			—				—				778				—				—
Infinity Home Services Holdco, Inc.		12/21/2022		12/28/2028		Commercial Services & Supplies			9.20	%		3M SOFR+ 550					14,780				14,708				14,780
Infinity Home Services Holdco, Inc. (CAD)		12/21/2022		12/28/2028		Commercial Services & Supplies			9.20	%		3M SOFR+ 550					CAD 1,695				1,227				1,215
Infinity Home Services Holdco, Inc. - Unfunded Term Loan (8)		12/21/2022		10/30/2026		Commercial Services & Supplies			—				—				7,069				—				35
Infinity Home Services Holdco, Inc. - Funded Revolver		12/21/2022		12/28/2028		Commercial Services & Supplies			11.75	%			—				323				323				323
Infinity Home Services Holdco, Inc. - Unfunded Revolver (8)		12/21/2022		12/28/2028		Commercial Services & Supplies			—				—				969				—				—
Infolinks Media Buyco, LLC		2/22/2024		11/02/2026		Media			9.45	%		3M SOFR+ 575					10,152				10,137				9,746
Inovex Information Systems Incorporated		12/17/2024		12/17/2030		Software			8.92	%		Prime + 525					7,900				7,852				7,782
Inovex Information Systems Incorporated - Unfunded Term Loan (8)		12/17/2024		12/17/2026		Software			—				—				2,800				—				(42	)
Inovex Information Systems Incorporated - Funded Revolver		12/17/2024		12/17/2030		Software			11.00	%		3M SOFR+ 425					490				490				483
Inovex Information Systems Incorporated - Unfunded Revolver (8)		12/17/2024		12/17/2030		Software			—				—				3,009				—				(45	)
Integrity Health Purchaser, LLC		2/2/2026		02/02/2032		Healthcare Providers and Services			9.70	%			—				3,990				3,952				3,950
Integrity Health Purchaser, LLC - Unfunded Revolver (8)		2/2/2026		02/02/2032		Healthcare Providers and Services			—				—				800				—				(8	)
Inventus Power, Inc.		6/29/2023		06/30/2026		Electronic Equipment, Instruments, and Components			11.29	%		3M SOFR+ 761					4,863				4,858				4,863
Inventus Power, Inc. - Unfunded Revolver (8)		6/29/2023		06/30/2026		Electronic Equipment, Instruments, and Components			—				—				807				—				—
Keel Platform, LLC		1/26/2024		01/20/2031		Metals and Mining			8.44	%		3M SOFR+ 475					14,937				14,783				14,825
Keel Platform, LLC - Unfunded Term Loan (8)		1/26/2024		01/20/2031		Metals and Mining			—				—				2,924				—				—
Kinetic Purchaser, LLC (10)		11/8/2021		11/10/2027		Personal Products			—				—				18,483				17,755				10,119
Kinetic Purchaser, LLC - Funded Revolver (10)		11/8/2021		11/10/2026		Personal Products			—				—				2,247				2,172				1,230
Kinetic Purchaser, LLC - Unfunded Revolver (6) (8) (10)		11/8/2021		11/10/2026		Personal Products			—				—				1,262				—				(571	)
Lash OpCo, LLC		8/16/2021		09/17/2027		Personal Products			8.77	%		1M SOFR+ 510					16,425				16,338				16,137
								(PIK 5.10%)					—
Lash OpCo, LLC - Funded Revolver (6)		8/16/2021		08/16/2026		Personal Products			8.77	%		1M SOFR+ 510					266				266				261
								(PIK 5.10%)
Lash OpCo, LLC - Unfunded Revolver (6) (8)		8/16/2021		08/16/2026		Personal Products			—								2,765				—				(48	)
LAV Gear Holdings, Inc.		7/31/2025		07/31/2029		Capital Equipment			9.61	%		1M SOFR+ 595					8,177				8,177				6,951
LAV Gear Holdings, Inc. - Incremental TL		7/31/2025		07/31/2029		Capital Equipment			9.61	%		1M SOFR+ 594					2,636				2,616				2,636
LAV Gear Holdings, Inc. - Funded Revolver		7/31/2025		07/31/2029		Capital Equipment			9.61	%		1M SOFR+ 595					141				141				141
LAV Gear Holdings, Inc. - Unfunded Revolver (6) (8)		7/31/2025		07/31/2029		Capital Equipment			—				—				563				—				—
Ledge Lounger, Inc.		2/7/2022		11/09/2026		Leisure Products			11.35	%		3M SOFR+ 765					8,298				8,173				6,410
								(PIK 1.00%)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

11

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Ledge Lounger, Inc. - Funded Revolver		2/7/2022		11/09/2026		Leisure Products			11.35	%		3M SOFR+ 765					722				722				558
								(PIK 1.00%)
LJ Avalon Holdings, LLC		1/18/2023		02/01/2030		Construction & Engineering			8.17	%		3M SOFR+ 450					11,771				11,700				11,653
LJ Avalon Holdings, LLC - Unfunded Term Loan (8)		1/18/2023		02/17/2028		Construction & Engineering			—				—				3,332				—				(17	)
LJ Avalon Holdings, LLC - Unfunded Revolver (6), (8)		1/18/2023		02/01/2029		Construction & Engineering			—				—				2,883				—				(29	)
Loving Tan Intermediate II, Inc.		5/24/2023		05/31/2028		Personal Products			8.95	%		3M SOFR+ 525					57,511				57,014				57,223
Loving Tan Intermediate II, Inc. - Unfunded Term Loan (8)		5/24/2023		12/31/2026		Personal Products			—				—				6,365				—				32
Loving Tan Intermediate II, Inc. - Unfunded Term Loan - 2nd Amendment (8)		5/24/2023		12/31/2026		Personal Products			—				—				9,172				—				—
Loving Tan Intermediate II, Inc. - Funded Revolver		5/24/2023		05/31/2028		Personal Products			8.95	%		3M SOFR+ 525					2,217				2,217				2,206
Loving Tan Intermediate II, Inc. - Unfunded Revolver (8)		5/24/2023		05/31/2028		Personal Products			—				—				5,173				—				(26	)
MAG DS Corp.		9/21/2020		04/01/2027		Aerospace and Defense			9.30	%		3M SOFR+ 560					12,137				11,988				12,069
Marketplace Events Acquisition, LLC		12/19/2024		12/20/2030		Media			8.92	%		3M SOFR+ 525					34,602				34,381				34,343
Marketplace Events Acquisition, LLC - Unfunded Revolver (8)		12/19/2024		12/20/2030		Media			—				—				3,364				—				(25	)
MBS Holdings, Inc.		12/19/2024		04/16/2027		Internet Software and Services			8.77	%		3M SOFR+ 510					497				496				497
MBS Holdings, Inc. - Unfunded Revolver (6), (8)		4/14/2021		04/16/2027		Internet Software and Services			—				—				1,157				—				—
MDI Buyer, Inc.		3/16/2023		07/25/2028		Commodity Chemicals			8.42	%		3M SOFR+ 475					6,633				6,586				6,633
MDI Buyer, Inc. - Unfunded Term Loan (8)		3/16/2023		07/25/2028		Commodity Chemicals			—				—				2,815				—				21
MDI Buyer, Inc. - Funded Revolver		7/19/2022		07/25/2028		Commodity Chemicals			10.50	%		Prime+ 350					1,307				1,307				1,307
MDI Buyer, Inc. - Unfunded Revolver (6), (8)		7/19/2022		07/25/2028		Commodity Chemicals			—				—				571				—				—
Meadowlark Acquirer, LLC		12/9/2021		12/10/2027		Professional Services			9.35	%		3M SOFR+ 565					4,322				4,283				4,322
Meadowlark Acquirer, LLC - Unfunded Revolver (8)		12/9/2021		12/10/2027		Professional Services			—				—				1,693				—				—
Medina Health, LLC		10/16/2023		10/20/2028		Healthcare Providers and Services			9.95	%		3M SOFR+ 625					24,367				24,153				24,367
Medina Health, LLC - Unfunded Term Loan (8)		10/16/2023		03/31/2028		Healthcare Providers and Services			—								7,249				—				45
Medina Health, LLC - Unfunded Revolver (8)		10/16/2023		10/20/2028		Healthcare Providers and Services			—				—				5,187				—				—
Megawatt Acquisitionco, Inc.		3/1/2024		03/01/2030		Electronic Equipment, Instruments, and Components			9.17	%		3M SOFR+ 550					9,800				9,525				9,604
Megawatt Acquisitionco, Inc. - Unfunded Revolver (8)		3/1/2024		03/01/2030		Electronic Equipment, Instruments, and Components			—				—				3,250				—				(65	)
MOREgroup Holdings, Inc.		1/9/2024		01/16/2030		Construction & Engineering			8.92	%		3M SOFR+ 525					19,672				19,473				19,672
MOREgroup Holdings, Inc. - Unfunded Revolver (8)		1/9/2024		01/16/2030		Construction & Engineering			—				—				6,634				—				—
MES Intermediate, Inc.		9/23/2021		10/01/2027		Distributors			8.41	%		3M SOFR+ 475					5,673				5,644				5,662
MES Intermediate, Inc. - Funded Revolver		9/23/2021		10/01/2027		Distributors			11.50	%		Prime+ 475					142				142				142
MES Intermediate, Inc. - Unfunded Revolver (6) (8)		9/23/2021		10/01/2027		Distributors			—				—				1,161				—				(2	)
NBH Group, LLC		8/29/2025		08/19/2026		Healthcare Equipment and Supplies			9.52	%		1M SOFR+ 585					2,557				2,557				2,429
NBH Group, LLC - Unfunded Revolver (6), (8)		8/16/2021		08/19/2026		Healthcare Equipment and Supplies			—				—				1,677				—				(84	)
NORA Acquisition, LLC		8/22/2023		08/31/2029		Healthcare Providers and Services			10.05	%		3M SOFR+ 635					20,638				20,374				19,761
NORA Acquisition, LLC - Funded Revolver		8/22/2023		08/31/2029		Healthcare Providers and Services			10.05	%		3M SOFR+ 635					2,466				2,466				2,361
NORA Acquisition, LLC - Unfunded Revolver (6), (8)		8/22/2023		08/31/2029		Healthcare Providers and Services			—				—				3,013				—				(128	)
North American Rail Solutions, LLC		8/29/2025		08/29/2031		Manufacturing/Basic Industry			8.45	%		3M SOFR+ 475					24,345				24,232				24,223
North American Rail Solutions, LLC - Unfunded Term Loan (8)		8/29/2025		08/29/2027		Manufacturing/Basic Industry			—				—				4,231				—				—
North American Rail Solutions, LLC - Funded Revolver		8/29/2025		08/29/2031		Manufacturing/Basic Industry			8.42	%			—				508				508				505
North American Rail Solutions, LLC - Unfunded Revolver (8)		8/29/2025		08/29/2031		Manufacturing/Basic Industry			—				—				5,415				—				(27	)
Omnia Exterior Solutions, LLC		12/29/2023		12/31/2029		Diversified Consumer Services			9.20	%		3M SOFR+ 550					26,597				26,423				26,132
Omnia Exterior Solutions, LLC - Unfunded Term Loan (8)		12/29/2023		09/30/2026		Diversified Consumer Services			—				—				5,473				—				(48	)
Omnia Exterior Solutions, LLC - Funded Revolver		12/29/2023		12/31/2029		Diversified Consumer Services			9.17	%		1M SOFR+ 550					1,120				1,120				1,100
Omnia Exterior Solutions, LLC - Unfunded Revolver (6), (8)		12/29/2023		12/31/2029		Diversified Consumer Services			—				—				3,080				—				(54	)
One Stop Mailing, LLC		5/26/2021		05/07/2027		Air Freight and Logistics			10.03	%		3M SOFR+ 636					12,031				11,992				12,031
ORL Acquisition, Inc. (6)		9/1/2021		09/03/2027		Consumer Finance			13.10	%		3M SOFR+ 940					7,930				7,700				4,679
								(PIK 7.50%)
ORL Acquisition, Inc. - Funded Revolver		9/1/2021		09/03/2027		Consumer Finance			11.06	%		Prime+ 740					216				216				128
OSP Embedded Purchaser, LLC		12/11/2023		12/17/2029		Aerospace and Defense			9.42	%		3M SOFR+ 575					29,659				29,391				29,214
OSP Embedded Purchaser, LLC - Funded Revolver		12/11/2023		12/17/2029		Aerospace and Defense			11.40	%		3M SOFR+ 465					293				293				289
OSP Embedded Purchaser, LLC - Unfunded Revolver (8)		12/11/2023		12/17/2029		Aerospace and Defense			—				—				2,639				—				(40	)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

12

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Output Services Group, Inc. - First-out Term Loan		11/30/2023		11/30/2028		Business Services			12.16	%		3M SOFR+ 843					828				828				828
Output Services Group, Inc. - Last-out Term Loan		11/30/2023		05/30/2028		Business Services			10.41	%		3M SOFR+ 668					1,681				1,681				1,681
Pacific Purchaser, LLC		10/2/2023		10/02/2028		Professional Services			9.85	%		3M SOFR+ 625					4,888				4,832				4,888
Pacific Purchaser, LLC - Unfunded Revolver (8)		10/2/2023		10/02/2028		Professional Services			—				—				1,799				—				—
PAR Excellence Holdings, Inc.		9/3/2024		09/03/2030		Healthcare Technology			8.67	%		3M SOFR+ 500					20,328				20,172				19,921
PAR Excellence Holdings, Inc. - Unfunded Revolver (8)		9/3/2024		09/03/2030		Healthcare Technology			—				—				4,692				—				(94	)
Paving Lessor Corp.		7/1/2025		07/01/2031		Business Services			8.94	%		3M SOFR+ 525					6,391				6,348				6,391
Paving Lessor Corp. - Unfunded Term Loan (8)		7/1/2025		07/01/2027		Business Services			—				—				8,632				—				65
Paving Lessor Corp. - Unfunded Revolver (8)		7/1/2025		07/01/2031		Business Services			—				—				5,755				—				—
Peninsula Pacific Entertainment, LLC		8/15/2025		10/01/2032		Gaming			8.45	%		3M SOFR+ 475					18,519				18,378				18,426
PN Buyer, Inc. - Unfunded Term Loan (8)		7/31/2025		07/31/2027		Professional Services			—				—				6,056				—				(30	)
PN Buyer, Inc. - Funded Revolver		7/31/2025		07/31/2031		Professional Services			8.17	%		3M SOFR+ 450					946				946				937
PN Buyer, Inc. - Unfunded Revolver (8)		7/31/2025		07/31/2031		Professional Services			—				—				568				—				(6	)
PCS MIDCO, Inc.		3/1/2024		03/01/2030		Professional Services			9.42	%		3M SOFR+ 575					8,711				8,626				8,711
PCS MIDCO, Inc. - Unfunded Term Loan (8)		3/1/2024		06/01/2026		Professional Services			—				—				1,874				—				19
PCS MIDCO, Inc. - Unfunded Term Loan - 3rd Amendment (8)		3/1/2024		03/24/2028		Professional Services			—				—				4,479				—				34
PCS MIDCO, Inc. - Unfunded Revolver (8)		3/1/2024		03/01/2030		Professional Services			—				—				1,770				—				—
PD Tri-State Holdco, LLC - Unfunded Term Loan (8)		10/14/2025		10/14/2027		Diversified Consumer Services			—				—				4,140				—				78
PD Tri-State Holdco, LLC - Unfunded Revolver (8)		10/14/2025		10/15/2030		Diversified Consumer Services			—				—				276				—				—
Podean Buyer, LLC		8/4/2025		08/04/2031		Marketing Services			9.70	%		3M SOFR+ 600					6,483				6,421				6,418
Podean Buyer, Inc - Unfunded Term Loan (8)		8/4/2025		04/14/2028		Marketing Services			—								5,333				—				48
Podean Buyer, LLC - Unfunded Revolver (8)		8/4/2025		08/04/2031		Marketing Services			—				—				1,579				—				(16	)
Project Granite Buyer, Inc.		12/31/2024		12/31/2030		Professional Services			9.42	%		3M SOFR+ 575					7,900				7,837				7,900
Pragmatic Institute, LLC (10)		3/28/2025		03/28/2030		Professional Services			—				—				599				572				282
Project Granite Buyer, Inc. - Unfunded Term Loan (8)		12/31/2024		12/31/2026		Professional Services			—				—				1,708				—				17
Project Granite Buyer, Inc. - Unfunded Revolver (8)		12/31/2024		12/31/2030		Professional Services			—				—				2,846				—				—
Puget Collision, LLC		10/3/2025		10/03/2030		Automobiles			8.42	%		3M SOFR+ 475					5,635				5,554				5,579
Puget Collision, LLC - Unfunded Term Loan (8)		10/3/2025		10/03/2027		Automobiles			—				—				24,116				—				(90	)
Puget Collision, LLC - Funded Revolver		10/3/2025		10/03/2030		Automobiles			8.45	%		3M SOFR+ 475					1,218				1,218				1,206
Puget Collision, LLC - Unfunded Revolver (8)		10/3/2025		10/03/2030		Automobiles			—				—				2,842				—				(28	)
Rancho Health MSO, Inc.		12/20/2024		06/20/2029		Healthcare Equipment and Supplies			8.66	%		3M SOFR+ 500					2,411				2,404				2,411
Rancho Health MSO, Inc. - Unfunded Term Loan (8)		12/20/2024		06/30/2026		Healthcare Equipment and Supplies			—				—				3,034				—				28
Rancho Health MSO, Inc. - Unfunded Revolver (6), (8)		12/20/2024		06/20/2029		Healthcare Equipment and Supplies			—				—				3,300				—				—
Real Life Intermediate Holdings LLC		1/16/2026		01/16/2031		Real Estate Management and Development			8.67	%			—				2,261				2,240				2,239
Real Life Intermediate Holdings LLC - Unfunded Term Loan (8)		1/16/2026		01/16/2028		Real Estate Management and Development			—				—				3,854				—				39
Real Life Intermediate Holdings LLC - Unfunded Revolver (8)		1/16/2026		01/16/2031		Real Estate Management and Development			—				—				385				—				(4	)
Rosco Parent, LLC		9/9/2025		09/12/2031		Business Services			8.42	%		3M SOFR+ 475					11,443				11,366				11,443
Rosco Parent, LLC - Funded Revolver		9/9/2025		09/12/2031		Business Services			8.45	%		3M SOFR+ 475					2,479				2,479				2,479
Rosco Parent, LLC - Unfunded Revolver (8)		9/9/2025		09/12/2031		Business Services			—				—				404				—				—
Riverpoint Medical, LLC		6/19/2019		06/21/2027		Healthcare Equipment and Supplies			8.17	%		3M SOFR+ 450					9,053				9,017				9,053
Riverpoint Medical, LLC - Unfunded Revolver (6), (8)		6/19/2019		06/21/2027		Healthcare Equipment and Supplies			—				—				909				—				—
Ro Health, LLC		1/16/2025		01/17/2031		Healthcare Providers and Services			8.17	%		3M SOFR+ 450					15,254				15,162				15,254
Ro Health, LLC - Funded Revolver		1/16/2025		01/17/2031		Healthcare Providers and Services			8.18	%		3M SOFR+ 450					1,165				1,165				1,165
Ro Health, LLC - Unfunded Revolver (8)		1/16/2025		01/17/2031		Healthcare Providers and Services			—				—				6,600				—				—
RRA Corporate, LLC		8/15/2024		08/15/2029		Diversified Consumer Services			8.94	%		3M SOFR+ 525					25,762				25,558				24,731
RRA Corporate, LLC - Unfunded Term Loan (8)		8/15/2024		08/17/2026		Diversified Consumer Services			—				—				7,119				—				(214	)
RRA Corporate, LLC - Funded Revolver		8/15/2024		08/15/2029		Diversified Consumer Services			8.95	%		3M SOFR+ 525					940				940				903
RRA Corporate, LLC - Unfunded Revolver (8)		8/15/2024		08/15/2029		Diversified Consumer Services			—				—				5,776				—				(231	)
RTIC Subsidiary Holdings, LLC		5/3/2024		05/03/2029		Leisure Products			9.45	%		3M SOFR+ 575					42,126				41,660				41,494
RTIC Subsidiary Holdings, LLC - Funded Revolver		5/3/2024		05/03/2029		Leisure Products			9.45	%		3M SOFR+ 575					6,356				6,356				6,261
RTIC Subsidiary Holdings, LLC - Unfunded Revolver (8)		5/3/2024		05/03/2029		Leisure Products			—				—				3,060				—				(46	)
Rural Sourcing Holdings, Inc.		6/8/2023		06/15/2029		Professional Services			9.42	%		3M SOFR+ 575					2,248				2,213				1,871

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

13

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Rural Sourcing Holdings, Inc. - Funded Revolver		6/8/2023		06/15/2029		Professional Services			9.45	%		3M SOFR+ 575					487				487				406
Rural Sourcing Holdings, Inc. - Unfunded Revolver (6), (8)		6/8/2023		06/15/2029		Professional Services			—				—				373				—				(62	)
Sabel Systems Technology Solutions, LLC		10/31/2024		10/31/2030		Government Services			9.67	%		3M SOFR+ 600					43,016				42,635				43,016
Sabel Systems Technology Solutions, LLC– Funded Revolver		10/31/2024		10/31/2030		Government Services			11.75	%		Prime+ 500					249				249				249
Sabel Systems Technology Solutions, LLC - Unfunded Revolver (8)		10/31/2024		10/31/2030		Government Services			—				—				4,729				—				—
Safe Haven Defense US, LLC		5/23/2024		05/23/2029		Building Products			9.20	%		3M SOFR+ 550					19,736				19,596				19,292
Safe Haven Defense US, LLC - Funded Revolver		5/23/2024		05/23/2029		Building Products			11.25	%		Prime+ 450					234				234				228
Safe Haven Defense US, LLC - Unfunded Revolver (8)		5/23/2024		05/23/2029		Building Products			—				—				2,687				—				(60	)
Sales Benchmark Index, LLC		12/23/2019		07/07/2026		Professional Services			9.87	%		3M SOFR+ 620					2,489				2,488				2,489
Sales Benchmark Index, LLC - Funded Revolver		12/23/2019		07/07/2026		Professional Services			9.90	%		3M SOFR+ 620					431				431				431
Sales Benchmark Index, LLC - Unfunded Revolver (6), (8)		12/23/2019		07/07/2026		Professional Services			—				—				646				—				—
Sath Industries, LLC		12/17/2024		12/17/2029		Event Services			9.17	%		3M SOFR+ 550					7,900				7,841				7,900
Sath Industries, LLC - Unfunded Revolver (8)		12/17/2024		12/17/2029		Event Services			—				—				2,466				—				—
Schlesinger Global, Inc.		10/24/2019		03/31/2027		Professional Services			9.82	%		3M SOFR+ 610					8,124				8,120				7,718
								(PIK 5.85%)
Schlesinger Global, Inc. - Funded Revolver		10/24/2019		03/31/2027		Professional Services			9.82	%		3M SOFR+ 610					1,693				1,693				1,608
								(PIK 5.85%)
Schlesinger Global, Inc. - Unfunded Revolver (6), (8)		10/24/2019		03/31/2027		Professional Services			—				—				401				—				(20	)
SCP Clinical Research Intermediate Holdings, LLC		1/2/2026		01/02/2032		Healthcare Providers and Services			8.42	%			—				6,494				6,465				6,462
SCP Clinical Research Intermediate Holdings. LLC - Unfunded Term Loan (8)		1/2/2026		01/02/2028		Healthcare Providers and Services			—				—				13,753				—				—
SCP Clinical Research Intermediate Holdings. LLC - Unfunded Revolver (8)		1/2/2026		01/02/2032		Healthcare Providers and Services			—				—				5,132				—				(26	)
Seacoast Service Partners NA, LLC		12/20/2024		12/20/2029		Diversified Consumer Services			8.95	%		3M SOFR+ 525					12,091				12,009				11,728
Seacoast Service Partners NA, LLC - Unfunded Term Loan (8)		12/20/2024		12/21/2026		Diversified Consumer Services			—				—				4,097				—				(87	)
Seacoast Service Partners NA, LLC - Funded Revolver		12/20/2024		12/20/2029		Diversified Consumer Services			8.95	%		3M SOFR+ 525					1,295				1,295				1,256
Seacoast Service Partners NA, LLC - Unfunded Revolver (8)		12/20/2024		12/20/2029		Diversified Consumer Services			—				—				828				—				(25	)
Seaway Buyer, LLC		7/25/2024		06/13/2029		Chemicals, Plastics and Rubber			9.82	%		3M SOFR+ 615					1,918				1,902				1,918
Sigma Defense Systems, LLC		11/30/2021		12/20/2027		IT Services			10.07	%		3M SOFR+ 640					18,193				17,979				18,011
Sigma Defense Systems, LLC - Unfunded Term Loan		11/30/2021		12/20/2027		IT Services			—								5,031				—				—
Sigma Defense Systems, LLC - Funded Revolver		11/30/2021		12/20/2027		IT Services			10.07	%		3M SOFR+ 640					891				891				883
Sigma Defense Systems, LLC - Unfunded Revolver (6), (8)		11/30/2021		12/20/2027		IT Services			—				—				2,420				—				(24	)
Smile Brands, Inc.		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			9.77	%		1M SOFR+ 610					4,622				4,392				3,688
								(PIK 1.50%)
Smile Brands, Inc. - Funded Revolver		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			9.77	%		1M SOFR+ 610					1,585				1,585				1,265
Smile Brands, Inc. - Unfunded Revolver (6), (8)		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			—				—				2				—				—
Smile Brands, Inc. - Unfunded Revolver - LC (6) (8)		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			—				—				100				—				(20	)
Spendmend Holdings, LLC		3/1/2022		03/01/2028		Healthcare Technology			8.85	%		3M SOFR+ 515					3,712				3,694				3,712
Spendmend Holdings, LLC - Unfunded Term Loan (8)		3/1/2022		11/25/2026		Healthcare Technology			—				—				2,139				—				11
Spendmend Holdings, LLC - Funded Revolver		3/1/2022		03/01/2028		Healthcare Technology			8.85	%		3M SOFR+ 515					149				149				149
Spendmend Holdings, LLC - Unfunded Revolver (8)		3/1/2022		03/01/2028		Healthcare Technology			—				—				743				—				—
STG Distribution, LLC - First Out New Money Term Loans (10)		8/27/2025		10/03/2029		Air Freight and Logistics			—				—				811				705				811
STG Distribution, LLC - Second Out Term Loans (10)		8/27/2025		10/03/2029		Air Freight and Logistics			—				—				1,855				541				45
STG Distribution, LLC - New Money Term Loan		8/27/2025		07/14/2026		Air Freight and Logistics			8.00	%			—				529				498				529
SV-Aero Holdings, LLC		10/31/2024		11/01/2030		Aerospace and Defense			8.67	%		3M SOFR+ 500					15,081				15,025				15,081
SV-Aero Holdings, LLC - Unfunded Term Loan (8)		10/31/2024		11/02/2026		Aerospace and Defense			—				—				7,259				—				36
Symplr Software, Inc.		8/27/2025		12/20/2027		Software			8.27	%		3M SOFR+ 460					677				630				474
Systems Planning And Analysis, Inc.		10/12/2021		08/16/2027		Aerospace and Defense			8.45	%		3M SOFR+ 475					33,173				33,003				33,173
Systems Planning And Analysis, Inc. - Unfunded Term Loan (8)		10/12/2021		06/12/2027		Aerospace and Defense			—				—				2,131				—				11
Systems Planning And Analysis, Inc. - Unfunded Revolver (8)		10/12/2021		08/16/2027		Aerospace and Defense			—				—				8,364				—				—
TCG 3.0 Jogger Acquisitionco, Inc.		1/23/2024		01/23/2029		Media			10.20	%		3M SOFR+ 650					9,298				9,224				9,042
TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver		1/23/2024		01/23/2029		Media			12.25	%		Prime+ 550					1,844				1,844				1,793
TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver (8)		1/23/2024		01/23/2029		Media			—				—				582				—				(16	)
The Bluebird Group, LLC		7/22/2021		07/28/2026		Professional Services			9.57	%		3M SOFR+ 590					7,209				7,196				7,209
The Bluebird Group, LLC - Unfunded Revolver (6), (8)		7/22/2021		07/28/2026		Professional Services			—				—				862				—				—
The Vertex Companies, LLC (6)		8/25/2021		08/31/2028		Construction & Engineering			8.77	%		1M SOFR+ 510					14,741				14,659				14,668

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

14

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
The Vertex Companies, LLC - Funded Revolver		8/25/2021		08/31/2028		Construction & Engineering			8.77	%		1M SOFR+ 510					2,554				2,554				2,541
The Vertex Companies, LLC - Unfunded Revolver (6), (8)		8/25/2021		08/31/2028		Construction & Engineering			—				—				2,919				—				(15	)
TMII Enterprises, LLC		12/19/2022		12/22/2028		Commercial Services & Supplies			8.17	%		3M SOFR+ 450					1,555				1,541				1,555
TMII Enterprises, LLC - Unfunded Revolver (6), (8)		12/19/2022		12/22/2028		Commercial Services & Supplies			—				—				748				—				—
TPC US Parent, LLC		11/15/2019		04/20/2026		Food Products			9.56	%		3M SOFR+ 590					11,804				11,800				11,804
TransGo, LLC		12/29/2023		12/29/2028		Auto Components			8.92	%		3M SOFR+ 525					20,935				20,754				20,621
TransGo, LLC - Funded Revolver		12/29/2023		12/29/2028		Auto Components			8.92	%		3M SOFR+ 525					2,933				2,933				2,889
TransGo, LLC - Unfunded Revolver (6), (8)		12/29/2023		12/29/2028		Auto Components			—				—				2,566				—				(38	)
Tyto Athene, LLC		3/26/2021		03/31/2028		IT Services			8.56	%		3M SOFR+ 490					11,875				11,808				11,548
Walker Edison Furniture Company, LLC - New Money DIP		8/29/2025		03/01/2029		Wholesale			10.00	%			—				243				243				254
Walker Edison Furniture Company, LLC - Unfunded Term Loan (8)		8/29/2025		03/01/2029		Wholesale			—				—				195				—				6
Watchtower Buyer, LLC		11/29/2023		12/03/2029		Electronic Equipment, Instruments, and Components			9.67	%		3M SOFR+ 600					12,707				12,594				12,580
Watchtower Buyer, LLC - Funded Revolver		11/29/2023		12/03/2029		Electronic Equipment, Instruments, and Components			9.70	%		3M SOFR+ 600					1,890				1,890				1,871
Watchtower Buyer, LLC - Unfunded Revolver (8)		11/29/2023		12/03/2029		Electronic Equipment, Instruments, and Components			—				—				4,410				—				(44	)
Wash & Wax Systems, LLC		4/30/2025		04/30/2028		Consumer Services			9.17	%		3M SOFR+ 550					6,569				6,662				6,694
Wash & Wax Systems, LLC - Funded Revolver		4/30/2025		04/30/2028		Consumer Services			9.17	%		3M SOFR+ 550					565				565				565
Wash & Wax Systems, LLC - Unfunded Revolver (6) (8)		4/30/2025		04/30/2028		Consumer Services			—				—				282				—				—
Total First Lien Secured Debt																				$	1,982,553			$	1,948,853
Subordinate Debt - 1.8% of Net Assets
Beacon Behavioral Holdings, LLC		6/21/2024		06/21/2030		Healthcare Providers and Services			15.00	%							5,633			$	5,585			$	5,633
Integrative Nutrition, LLC - Promissory Note #1		4/17/2025		04/15/2030		Consumer Services			—				—				2,623				2,311				2,282
Integrative Nutrition, LLC - Promissory Note #2		4/17/2025		04/15/2033		Consumer Services			—				—				5,064				2,763				2,026
ORL Holdco, Inc. - Convertible Notes		8/2/2024		03/08/2028		Consumer Finance			18.00	%			—				17				17				—
ORL Holdco, Inc. - Unfunded Convertible Notes (8)		8/2/2024		03/08/2028		Consumer Finance			—				—				13				—				(13	)
OSP Embedded Purchaser, LP - Convertible Note		11/6/2024		05/08/2030		Aerospace and Defense			12.00	%			—				47				471				487
Schlesinger Global, LLC - Promissory Note		2/21/2024		09/30/2027		Professional Services			12.56	%		3M SOFR+ 860					66				66				136
StoicLane, Inc. - Convertible Notes		8/15/2024		08/16/2027		Healthcare Technology			12.00	%			—				3,051				3,052				3,661
Wash & Wax Systems, LLC - Subordinate Debt		4/30/2025		07/30/2028		Consumer Services			12.00	%			—				4,601				4,601				4,601
Total Subordinate Debt																				$	18,866			$	18,813
Preferred Equity - 2.4% of Net Assets(5)
Accounting Platform Holdings, Inc. - Preferred Equity - Series A		8/9/2024				Professional Services			—				—				1,075,900			$	1,076			$	1,076
Ad.Net Holdings, Inc. - Preferred Equity		5/4/2021				Media			—				—				7,453				745				399
AFC Acquisitions, Inc. Preferred Equity - Series F-2 (7)		12/7/2023				Distributors			—				—				825				1,262				1,068
AFC Acquisitions, Inc. Preferred Equity - Series G-2 (7)		12/7/2023				Distributors			—				—				18				31				25
AFC Acquisitions, Inc. Preferred Equity - Series H-2 (7)		12/7/2023				Distributors			—				—				10				20				16
AFC Acquisitions, Inc. Preferred Equity - Series I-2 (7)		12/7/2023				Distributors			—				—				9				19				15
AFC Acquisitions, Inc. Preferred Equity - Series J-2 (7)		12/7/2023				Distributors			—				—				17				34				26
AFC Acquisitions, Inc. - Preferred Equity - Series K-2 (7)		12/7/2023				Distributors			—				—				38				74				52
48Forty TopCo - Preferred Equity		8/27/2025				Containers and Packaging			—				—				215				1,278				1,278
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Preferred Equity (6), (7)		5/21/2019				Media			—				—				2,018				2,018				1,906
BioDerm Holdings, LP - Preferred Equity		1/30/2023				Healthcare Equipment and Supplies			—				—				1,313				1,313				1,218
Cartessa Aesthetics, LLC - Preferred Equity (7)		6/1/2022				Distributors			—				—				1,437,500				1,438				3,460
Connatix Parent, LLC		7/8/2021				Media			—				—				5,311				5				7
Consello Pacific Aggregator, LLC - Preferred Equity (7)		10/2/2023				Professional Services			—				—				1,025,476				973				1,250
C5MI Holdco, LLC - Preferred Equity (7)		7/31/2024				IT Services			—				—				228,900				223				238
EvAL Home Health Solutions, LLC (7)		5/10/2024				Healthcare, Education and Childcare			—				—				876,386				1,455				1,402
Five Star Parent Holdings, LLC - Preferred (Class P)		2/21/2023				Hotels, Restaurants and Leisure			—				—				384				38				130
Gauge Schlesinger Coinvest, LLC - Preferred Equity		4/22/2020				Professional Services			—				—				64				64				4
Hancock Claims Consultants Investors, LLC - Preferred Equity (7)		12/23/2020				Insurance			—				—				116,588				76				—
Harvest Group Topco Intermediate, LLC - Preferred Equity		3/2/2026				Media			—				—				1,771				1,771				1,771
HPA SPQ Aggregator, LP - Preferred Equity		6/8/2023				Professional Services			—				—				52,353				52				—
Imagine Topco. LP - Preferred Equity		11/4/2021				Software			8.00	%			—				1,236,027				1,236				1,523
KL Stockton Intermediate, LLC - Preferred Equity - Class C (7)		7/16/2021				Energy Equipment and Services			—				—				24,414				24				334
Knexus Holdco, LLC - Preferred Equity (7)		1/14/2026				Professional Services			—				—				90,111				90				93
Magnolia Topco, LP - Preferred Equity - Class A (7)		7/25/2023				Automobiles			—				—				47				47				2
Magnolia Topco, LP - Preferred Equity - Class A-1 (7)		7/25/2023				Automobiles			—				—				16				16				12
Magnolia Topco, LP - Preferred Equity - Class B (7)		7/25/2023				Automobiles			—				—				31				20				—
Megawatt Acquisition Partners, LLC - Preferred Equity - Class A		6/28/2024				Electronic Equipment, Instruments, and Components			—				—				9,360				936				869
NORA Parent Holdings, LLC -Series A Preferred Equity (7)		1/27/2026				Healthcare Providers and Services			—				—				536				236				243
NXOF Holdings, Inc. - Preferred Equity		9/25/2018				IT Services			—				—				1,935				1,935				1,634
ORL Holdco, Inc. - Preferred Equity		9/1/2021				Consumer Finance			—				—				1,327				133				—
Podean Intermediate II, LLC - Preferred Equity		8/4/2025				Marketing Services			—				—				570				570				575
RTIC Parent Holdings, LLC - Preferred Equity - Class A (7)		5/3/2024				Leisure Products			—				—				9				9				—

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

15

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
RTIC Parent Holdings, LLC - Preferred Equity - Class C (7)		5/3/2024				Leisure Products			—				—				18,450				1,215				2,247
RTIC Parent Holdings, LLC - Preferred Equity - Class D (7)		5/3/2024				Leisure Products			—				—				19,584				196				291
SP L2 Holdings, LLC - Preferred Equity		11/4/2021				Leisure Products			—				—				135,240				33				—
SP L2 Holdings, LLC - Unfunded Preferred Equity (8)		11/4/2021				Leisure Products			—				—				77,280				—				(19	)
TPC Holding Company, LP - Preferred Equity		12/4/2019				Food Products			—				—				409				409				476
TWD Parent Holdings, LLC - Preferred Equity		8/25/2021				Construction & Engineering			—				—				41				39				61
UniTek Global Services, Inc. - Super Senior Preferred Equity		1/13/2015				Telecommunications			20.00	%			—				320,711				323				797
UniTek Global Services, Inc. - Senior Preferred Equity		1/13/2015				Telecommunications			19.00	%			—				448,851				449				—
UniTek Global Services, Inc. - Preferred Equity		1/13/2015				Telecommunications			13.50	%			—				1,047,317				670				—
Total Preferred Equity																				$	22,551			$	24,479
Common Equity/Warrants - 19.0% of Net Assets(5)
A1 Garage Equity, LLC - Common Equity (7)		12/19/2022				Commercial Services & Supplies			—				—				647,943			$	648			$	1,460
ACP Big Top Holdings, LP - Common Equity		2/29/2024				Construction & Engineering			—				—				3,000,500				2,883				5,426
Ad.Net Holdings, Inc. - Common Equity		5/4/2021				Media			—				—				8,281				83				—
Aechelon InvestCo, LP		8/16/2024				Aerospace and Defense			—				—				29,506				2,992				45,284
Aechelon InvestCo, LP - Unfunded Common Equity (8)		8/16/2024				Aerospace and Defense			—				—				31,675				—				—
Aftermarket Drivetrain Products Holdings, LLC - Common Equity		12/29/2023				Auto Components			—				—				2,632				2,632				4,999
AG Investco - Common Equity (6), (7)		11/5/2018				Software			—				—				7,785				805				22
AG Investco - Unfunded Common Equity  (7), (8)		11/5/2018				Software			—				—				1,948				—				(189	)
48Forty TopCo LLC - Class A-1 Common Equity		8/27/2025				Containers and Packaging			—				—				215				—				—
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Common Equity (7)		5/21/2019				Media			—				—				2,018				—				—
Athletico Holdings, LLC - Common Equity (7)		2/4/2022				Healthcare Providers and Services			—				—				4,678				5,000				3,397
Aphix Topco, Inc. - Common Equity		7/17/2025				Business Services			—				—				819,190				819				735
APT Holdings, LLC - Common Equity (7)		9/29/2025				Healthcare Providers and Services			—				—				855,110				1,152				1,340
Azureon Holdings, LLC (7)		6/26/2024				Diversified Consumer Services			—				—				1,130,707				1,131				717
BioDerm Holdings, LP - Common Equity		1/30/2023				Healthcare Equipment and Supplies			—				—				1,313				—				—
Burgess Point Holdings, LP - Common Equity		7/21/2022				Auto Components			—				—				112				114				104
By Light Investco LP - Common Equity (7)		5/15/2017				High Tech Industries			—				—				23,169				211				12,727
Carisk Parent, LP - Common Equity		11/27/2023				Healthcare Technology			—				—				239,680				240				327
Carnegie HoldCo, LLC (7)		2/7/2024				Professional Services			—				—				2,719,600				2,599				2,230
Connatix Parent, LLC - Common Equity		7/8/2021				Media			—				—				182,141				421				116
Crane 1 Acquisition Parent Holdings, LP - Common Equity		8/11/2021				Commercial Services & Supplies			—				—				130				120				202
C5MI Holdco, LLC - Common Equity (7)		7/31/2024				IT Services			—				—				1,659,050				1,659				2,007
Delta InvestCo, LP - Common Equity  (7)		12/16/2020				IT Services			—				—				5,499				763				1,273
Delta InvestCo, LP - Unfunded Common Equity (7), (8)		12/16/2020				IT Services			—				—				2,003				—				—
Duggal Equity, LP - Common Equity		9/30/2024				Marketing Services			—				—				686				686				644
EDS Topco, LP - Common Equity		12/19/2022				Electronic Equipment, Instruments, and Components			—				—				1,125,000				1,125				2,080
Events TopCo, LP - Common Equity		12/17/2024				Event Services			—				—				1,016,800				1,017				1,037
Exigo, LLC - Common Equity		3/10/2022				Software			—				—				541,667				542				—
FedHC InvestCo, LP - Common Equity (7)		8/26/2021				Aerospace and Defense			—				—				23,742				810				2,344
FedHC InvestCo, LP - Unfunded Common Equity (7), (8)		8/26/2021				Aerospace and Defense			—				—				3,665				—				—
First Medical Holdings, LLC - Common Equity (7)		6/13/2025				Healthcare Providers and Services			—				—				75,000				750				533
Five Star Parent Holdings, LLC - Common Equity		2/21/2023				Hotels, Restaurants and Leisure			—				—				655,714				656				—
Galt Intermediate, LLC - Common Equity		3/27/2026				Aerospace and Defense			—				—				877,358				877				877
Gauge ETE Blocker, LLC - Common Equity		5/24/2023				Diversified Consumer Services			—				—				374,444				374				375
Gauge Lash Coinvest, LLC - Common Equity		12/4/2019				Personal Products			—				—				1,485,953				227				2,432
Gauge Lash Coinvest, LLC - Common Equity - Class AA Units		12/4/2019				Personal Products			—				—				108,546				586				178
Gauge Lash Coinvest, LLC - Common Equity - Class AAA Units		12/4/2019				Personal Products			—				—				462,888				776				758
Gauge Loving Tan, LP - Common Equity		12/4/2019				Personal Products			—				—				2,914,701				2,915				3,616
Gauge Schlesinger Coinvest, LLC - Common Equity		4/22/2020				Professional Services			—				—				465				476				32
GCP Boss Holdco, LLC		12/27/2024				Independent Power and Renewable Electricity Producers			—				—				2,194,800				2,195				3,292
GCOM InvestCo, LP - Common Equity		6/22/2021				IT Services			—				—				19,184				3,342				2,490
GGG Topco, LLC (7)		9/27/2024				Diversified Consumer Services			—				—				2,759,800				2,760				6,463
GMP Hills, LP - Common Equity		11/2/2023				Distributors			—				—				4,430,843				4,431				6,691
Hancock Claims Consultants Investors, LLC - Common Equity (7)		12/23/2020				Insurance			—				—				450,000				448				—
Harvest Group Topco Intermediate, LLC - Common Equity		3/2/2026				Media			—				—				1,771				—				—
HPA SPQ Aggregator, LP - Common Equity		6/8/2023				Professional Services			—				—				750,399				750				—
HV Watterson Holdings, LLC - Common Equity		6/13/2022				Professional Services			—				—				100,000				100				—
Icon Partners V C, LP - Common Equity		12/20/2021				Internet Software and Services			—				—				2,002,138				2,002				1,427
Icon Partners V C, LP - Unfunded Common Equity (8)		12/20/2021				Internet Software and Services			—				—				497,862				—				(143	)
Imagine Topco. LP - Common Equity		11/4/2021				Software			—				—				1,236,027				—				—
Integrity Health Intermediate, LLC - Common Equity (7)		2/2/2026				Healthcare Providers and Services			—				—				80,000				800				810
IHS Parent Holdings, LP - Common Equity		12/21/2022				Commercial Services & Supplies			—				—				1,218,045				1,218				1,462
ITC Infusion Co-invest, LP - Common Equity (7)		2/16/2022				Healthcare Equipment and Supplies			—				—				116,032				1,229				2,992
Kinetic Purchaser, LLC - Common Equity - Class A		11/8/2021				Personal Products			—				—				1,734,775				1,735				—
Kinetic Purchaser, LLC - Common Equity - Class AA		11/8/2021				Personal Products			—				—				153,339				179				—
KL Stockton Co-Invest, LP - Common Equity (7)		7/16/2021				Energy Equipment and Services			—				—				382,353				386				(1	)
Knexus Holdco, LLC - Common Equity (7)		1/14/2026				Professional Services			—				—				231,658				232				231
Lightspeed Investment Holdco, LLC - Common Equity (6)		1/21/2020				Healthcare Technology			—				—				585,587				586				2,766

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

16

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
LJ Avalon, LP - Common Equity		1/18/2023				Construction & Engineering			—				—				1,638,043				1,638				2,817
Marketplace Events Acquisition, LLC - Common Equity		12/19/2024				Media			—				—				40,990				4,099				5,244
Magnolia Topco, LP - Common Equity - Class A (7)		7/25/2023				Automobiles			—				—				46,974				—				—
Magnolia Topco, LP - Common Equity - Class B (7)		7/25/2023				Automobiles			—				—				30,926				—				—
MDI Aggregator, LP - Common Equity		7/19/2022				Commodity Chemicals			—				—				11,078				1,124				1,170
Meadowlark Title, LLC - Common Equity (7)		12/9/2021				Professional Services			—				—				819,231				806				336
Megawatt Acquisition Partners, LLC - Common Equity - Class A		6/28/2024				Electronic Equipment, Instruments, and Components			—				—				1,040				104				—
Municipal Emergency Services, Inc. - Common Equity		9/28/2021				Distributors			—				—				1,973,370				2,005				3,828
NEPRT Parent Holdings, LLC - Common Equity (7)		1/27/2021				Leisure Products			—				—				1,494				1,438				495
New Insight Holdings, Inc. (6)		7/15/2024				Business Services			—				—				203,819				3,565				2,322
New Medina Health, LLC - Common Equity (7)		10/16/2023				Healthcare Providers and Services			—				—				2,672,646				2,673				6,300
NFS - CFP Holdings LLC - Common Equity		9/13/2024				Commercial Services & Supplies			—				—				1,337,017				1,337				1,859
NORA Parent Holdings, LLC - Common Equity (7)		8/22/2023				Healthcare Providers and Services			—				—				2,544				2,525				18
North Haven Saints Equity Holdings, LP - Common Equity (7)		2/25/2022				Healthcare Technology			—				—				223,602				224				226
NXOF Holdings, Inc. - Common Equity		9/25/2018				IT Services			—				—				37,561				496				—
OceanSound Discovery Equity, LP - Common Equity		3/28/2024				Aerospace and Defense			—				—				211,940				2,119				2,446
OES Co-Invest, LP - Common Equity - Class A		5/31/2024				Diversified Consumer Services			—				—				1,560				1,580				1,708
OHCP V BC COI, LP - Common Equity		12/13/2021				Distributors			—				—				1,178,682				1,179				731
OHCP V BC COI, LP - Unfunded Common Equity (8)		12/13/2021				Distributors			—				—				71,318				—				(27	)
ORL Holdco, Inc. - Common Equity		9/1/2021				Consumer Finance			—				—				1,474				15				—
OSP Embedded Aggregator, LP - Common Equity		12/11/2023				Aerospace and Defense			—				—				1,728				1,728				1,786
Output Services Group, Inc. - Common Equity (6)		11/30/2023				Business Services			—				—				127,369				1,155				693
OSP PAR Aggregator, LP - Common Equity		9/3/2024				Healthcare Technology			—				—				3,160				3,171				2,404
Paving Parent, LLC - Common Equity (7)		7/1/2025				Business Services			—				—				3,057				3,057				4,598
PN Buyer, Inc. - Common Equity		7/31/2025				Professional Services			—				—				1,901,412				1,901				1,426
PCS Parent, LP		3/1/2024				Professional Services			—				—				423,247				423				466
PLB Brands LLC - Common Equity		3/25/2026				Textiles, Apparel and Luxury Goods			—				—				694,989				695				695
Podean Intermediate II, LLC - Common Equity		11/18/2025				Marketing Services			—				—				570				—				—
Pragmatic Holdco, Inc. - Common Equity		11/5/2021				Professional Services			—				—				18				—				—
Project Granite Holdings, LLC		8/4/2025				Professional Services			—				—				1,139				450				625
Quad (U.S.) Co-Invest, LP - Common Equity		3/28/2025				Professional Services			—				—				235,194				235				375
QuantiTech InvestCo, LP - Common Equity (7)		12/31/2024				Aerospace and Defense			—				—				696				—				98
QuantiTech InvestCo, LP - Unfunded Common Equity (7) (8)		10/3/2022				Aerospace and Defense			—				—				1,667				—				—
QuantiTech InvestCo II, LP - Common Equity (7)		5/1/2020				Aerospace and Defense			—				—				40				12				7
Real Life Intermediate, LLC - Common Equity		1/26/2026				Real Estate Management and Development			—				—				451,284				672				690
RFMG Parent, LP - Common Equity		5/1/2020				Healthcare Equipment and Supplies			—				—				1,050,000				1,050				1,615
Ro Health Holdings, Inc. - Common Equity		5/1/2020				Healthcare Providers and Services			—				—				536,400				536				855
Rosco Topco, LLC - Common Equity		12/16/2020				Business Services			—				—				1,517,241				1,517				1,426
Safe Haven Defense Holdco LLC - Common Equity- Class A-1 (7)		1/16/2025				Building Products			—				—				60				596				46
Safe Haven Defense Holdco LLC - Common Equity- Class A-2		1/16/2025				Building Products			—				—				5				45				4
SBI Holdings Investments, LLC - Common Equity		9/9/2025				Professional Services			—				—				64,634				646				645
Sabel InvestCo, LP. - Common Equity (7)		5/23/2024				Government Services			—				—				89,712				2,271				3,218
Sabel InvestCo, LP. - Unfunded Common Equity (7) (8)		12/23/2019				Government Services			—				—				131,286				—				—
Seaway Topco, LP - Common Equity		10/31/2024				Chemicals, Plastics and Rubber			—				—				296				296				25
Seacoast Service Partners, LLC - Common Equity		10/31/2024				Diversified Consumer Services			—				—				429				549				464
SP L2 Holdings, LLC - Common Equity		6/8/2022				Leisure Products			—				—				52,821,386				374				—
SP DXE Holdings, LLC - Common Equity (7)		12/20/2024				Electronic Equipment, Instruments, and Components			—				—				553,592				554				648
StellPen Holdings, LLC (CF512, Inc.) - Common Equity		10/1/2025				Media			—				—				161,538				162				110
SV-Aero Holdings, LLC - Common Equity (7)		7/11/2018				Aerospace and Defense			—				—				61				489				1,713
TAC Lifeport Holdings, LLC - Common Equity (7)		8/17/2021				Aerospace and Defense			—				—				533,833				502				1,190
TCG 3.0 Jogger Co-Invest, LP - Common Equity		12/6/2023				Media			—				—				9,108				1,760				789
Tower Arch Infolinks Media, LP - Common Equity (7)		2/24/2021				Media			—				—				247,428				23				112
Tower Arch Infolinks Media, LP - Unfunded Common Equity (7) (8)		1/22/2024				Media			—				—				118,179				—				(65	)
TPC Holding Company, LP - Common Equity		10/27/2021				Food Products			—				—				21,527				22				—
TWD Parent Holdings, LLC - Common Equity		10/27/2021				Construction & Engineering			—				—				824				4				15
Tinicum Space Coast Co-Invest, LLC (7)		12/4/2019				Aerospace and Defense			—				—				466				4,508				5,698
UniTek Global Services, Inc. - Common Equity		8/25/2021				Telecommunications			—				—				213,739				—				—
UniVista Insurance - Common Equity (7)		10/29/2024				Insurance			—				—				400				—				85
Wash & Wax Group, LP - Common Equity (7)		1/13/2015				Consumer Services			—				—				2,747				4,941				1,721
Watchtower Holdings, LLC - Common Equity (7)		6/14/2021				Electronic Equipment, Instruments, and Components			—				—				12,419				1,242				1,340
WCP Ivyrehab Coinvestment, LP - Common Equity - Incremental (7)		4/30/2025				Healthcare Providers and Services			—				—				204				208				288
WCP Ivyrehab Coinvestment, LP - Common Equity (7)		11/29/2023				Healthcare Providers and Services			—				—				3,651				3,853				5,146
WCP Ivyrehab Coinvestment, LP - Unfunded Common Equity (7) (8)		6/27/2022				Healthcare Providers and Services			—				—				188				—				—
White Tiger Newco, LLC - Common Equity (6)		6/27/2022				Capital Equipment			—				—				38,019				2,899				—
Unitek Global Services, Inc. - Warrants		6/27/2022				Telecommunications			—				—				23,889				—				—
Kentucky Racing Holdco, LLC - Warrants (7)		7/31/2025				Hotels, Restaurants and Leisure			—				—				87,345				—				879
Total Common Equity/Warrants																				$	127,955			$	196,866

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

17

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

MARCH 31, 2026

(in thousands, except per share data)

(Unaudited)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies																				$	2,151,925			$	2,189,011
Investments in Controlled, Affiliated Portfolio Companies - 37.7% of Net Assets (3), (4)
First Lien Secured Debt - 29.2% of Net Assets
PennantPark Senior Secured Loan Fund I, LLC (6), (9)		8/10/2020		05/07/2029		Financial Services			11.68	%		3M SOFR+ 800					237,650			$	237,650			$	237,650
PennantPark Senior Secured Loan Fund II, LLC (6), (9)		11/18/2025		08/08/2032		Financial Services			11.66	%		3M SOFR+ 800					65,625				65,625				65,625
Total First Lien Secured Debt																				$	303,275			$	303,275
Equity Interests - 8.5% of Net Assets
PennantPark Senior Secured Loan Fund I LLC - Common Equity (6), (9)		8/10/2020				Financial Services			—				—				163,100			$	163,100			$	60,116
PennantPark Senior Secured Loan Fund II LLC - Common Equity (6), (9)		11/18/2025				Financial Services			—				—				28,125				28,125				27,879
Total Equity Interests																				$	191,225			$	87,995
Total Investments in Controlled, Affiliated Portfolio Companies																				$	494,500			$	391,270
Total Investments - 248.4% of Net Assets (11), (12)																				$	2,646,425			$	2,580,281
Cash Equivalents - 3.0% of Net Assets
BlackRock Federal FD Institutional 30 (Money Market Fund)									3.54	%										$	18			$	18
Blackrock Liq Fedfund Gov CL Inst (Money Market Fund)									3.54	%											9,159				9,159
JPMorgan US Dollar Liquidity Inst (Money Market Fund)									3.65	%											4,870				4,870
JPMorgan U.S. Government (Money Market Fund)									3.46	%											2,652				2,652
Goldman Sachs Financial Square Government Fund (Money Market Fund)									3.56	%											14,728				14,728
Total Cash Equivalents																				$	31,427			$	31,427
Cash - 8.7% of Net Assets
Cash																				$	90,446			$	90,444
Total Cash																				$	90,446			$	90,444
Total Investments, Cash Equivalents, and Cash - 260.2% of Net Assets																				$	2,768,298			$	2,702,152
Liabilities in Excess of Other Assets - (160.2)% of Net Assets																									(1,663,495	)
Net Assets - 100%																								$	1,038,657

—————

(1)Represents floating rate instruments that accrue interest at a predetermined spread relative to an index, typically the applicable Secured Overnight Financing Rate, or “SOFR”, or Prime rate, or “P", or Sterling Overnight Index Average, or “SONIA.” The spread may change based on the type of rate used. The terms in the Consolidated Schedule of Investments disclose the actual interest rate in effect as of the reporting period. SOFR loans are typically indexed to a 30-day, 90-day or 180-day SOFR rates (1M S, 3M S, or 6M S, respectively) at the borrower’s option. SONIA loans are typically indexed daily for GBP loans with a quarterly frequency payment. All securities are subject to a SOFR or Prime rate floor where a spread is provided, unless noted. The spread provided includes payment-in-kind, or "PIK", interest and other fee rates, if any.

(2)Valued based on our accounting policy (See Note 2).

(3)The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.

(4)The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.

(5)Non-income producing securities.

(6)The securities, or a portion thereof, 1) are not pledged as collateral under the Credit Facility and held through Funding I; 2) do not secure the 2036-R Asset-Backed Debt and are not held through PennantPark CLO I, Ltd; 3) do not secure the 2038-R Asset-Backed Debt and are not held through PennantPark CLO VIII, Ltd. and 4) do not secure the 2037 Asset-Backed Debt and are not held through PennantPark CLO 11, LLC.

(7)Investment is held through our Taxable Subsidiary.

(8)Represents the purchase of a security with delayed settlement or a revolving line of credit that is currently an unfunded investment. This security does not earn a basis point spread above an index while it is unfunded.

(9)The investment is treated as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets. As of March 31, 2026, qualifying assets represented 86% of our total assets and non-qualifying assets represented 14% of our total assets.

(10)Non-accrual security.

(11)As of March 31, 2026, all investments were in U.S. companies and total cost, fair value, and percentage of Net Assets for the U.S companies were $2,646.4 million, $2,580.3 million, and 248.4%

(12)All of our investments are not registered under the 1933 Act and have restrictions on resale.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

18

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS

SEPTEMBER 30, 2025

(in thousands, except per share data)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 231.9% (3), (4)
First Lien Secured Debt - 211.8% of Net Assets
ACP Avenu Buyer, LLC		10/2/2023		10/02/2029		IT Services			9.29	%		3M SOFR+ 500					42,247				41,879				41,824
ACP Avenu Buyer, LLC - Unfunded Term Loan (8)		10/2/2023		04/21/2027		IT Services			—				—				10,872				—				(54	)
ACP Avenu Buyer, LLC - Unfunded Revolver (6), (8)		10/2/2023		10/02/2029		IT Services			—				—				7,612				—				(76	)
ACP Falcon Buyer, Inc.		8/27/2025		08/01/2029		Professional Services			9.79	%		3M SOFR+ 550					818				827				827
ACP Falcon Buyer, LLC - Unfunded Revolver (6), (8)		7/26/2023		08/01/2029		Professional Services			—				—				3,096				—				—
Ad.net Acquisition, LLC		5/4/2021		05/07/2026		Media			10.26	%		3M SOFR+ 626					6,583				6,570				6,583
Ad.net Acquisition, LLC - Funded Revolver		5/4/2021		05/07/2026		Media			10.26	%		3M SOFR+ 626					818				818				818
Ad.net Acquisition, LLC - Unfunded Revolver (6), (8)		5/4/2021		05/07/2026		Media			—				—				426				—				—
Aechelon Technology, Inc.		8/16/2024		08/16/2029		Aerospace and Defense			9.91	%		1M SOFR+ 575					13,440				13,331				13,440
Aechelon Technology, Inc. - Funded Revolver		8/16/2024		08/16/2029		Aerospace and Defense			10.66	%		1M SOFR+ 650					1,666				1,666				1,666
Aechelon Technology, Inc. - Unfunded Revolver (8)		8/16/2024		08/16/2029		Aerospace and Defense			—				—				3,054				—				—
AFC-Dell Holding Corp.		2/22/2024		04/09/2027		Distributors			9.70	%		3M SOFR+ 550					19,768				19,739				19,669
AFC-Dell Holding Corp. - Unfunded Term Loan (8)		2/22/2024		04/09/2027		Distributors			—				—				7,460				—				(37	)
Alpine Acquisition Corp II (10)		8/27/2025		08/09/2025		Containers and Packaging			—				—				4,044				2,903				2,103
Amsive Holdings Corporation		3/2/2020		12/10/2026		Media			10.35	%		3M SOFR+ 625					19,273				19,166				19,080
Aphix Buyer, Inc.		7/17/2025		07/17/2031		Business Services			8.91	%		3M SOFR+ 475					9,639				9,579				9,591
Aphix Buyer, Inc. - Unfunded Term Loan (8)		7/17/2025		07/16/2027		Business Services			—				—				15,341				—				19
Aphix Buyer, Inc. - Unfunded Revolver (8)		7/17/2025		07/17/2031		Business Services			—				—				3,995				—				(20	)
APT OPCO, LLC		9/29/2025		09/30/2031		Healthcare Providers and Services			9.00	%		3M SOFR+ 500					17,500				17,391				17,391
APT OPCO, LLC - Unfunded Term Loan (8)		9/29/2025		09/30/2027		Healthcare Providers and Services			—				—				2,729				—				—
APT OPCO, LLC - Unfunded Revolver (8)		9/29/2025		09/30/2031		Healthcare Providers and Services			—				—				2,729				—				—
Anteriad, LLC (f/k/a MeritDirect, LLC)		5/21/2019		06/30/2026		Media			9.90	%		3M SOFR+ 590					14,707				14,644				14,707
Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan		5/21/2019		06/30/2026		Media			9.90	%		3M SOFR+ 590					1,985				1,979				1,985
Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver (6)		5/21/2019		06/30/2026		Media			9.90	%		3M SOFR+ 590					410				410				410
Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver (8)		5/21/2019		06/30/2026		Media			—				—				2,460				—				—
Arcfield Acquisition Corp.		10/28/2024		10/28/2031		Aerospace and Defense			9.31	%		3M SOFR+ 500					19,393				19,374				19,296
Arcfield Acquisition Corp. - Unfunded Revolver (6), (8)		10/28/2024		10/28/2031		Aerospace and Defense			—				—				2,874				—				(14	)
Archer Lewis, LLC		8/28/2024		08/28/2029		Healthcare Technology			9.75	%		3M SOFR+ 575					32,675				32,401				32,675
Archer Lewis, LLC - Unfunded Term Loan (8)		8/28/2024		08/28/2026		Healthcare Technology			—				—				13,292				—				133
Archer Lewis, LLC - Unfunded Revolver (8)		8/28/2024		08/28/2029		Healthcare Technology			—				—				3,252				—				—
Argano, LLC		9/13/2024		09/13/2029		Business Services			9.89	%		3M SOFR+ 575					50,851				50,401				50,088
Argano, LLC - Unfunded Term Loan (8)		9/13/2024		10/02/2026		Business Services			—								7,449				—				(37	)
Argano, LLC – Unfunded Revolver (8)		9/13/2024		09/13/2029		Business Services			—				—				1,421				—				(21	)
Azureon, LLC (F/K/A Tpcn Midco, LLC)		6/26/2024		06/26/2029		Diversified Consumer Services			9.75	%		3M SOFR+ 575					16,854				16,673				16,365
Azureon, LLC (F/K/A Tpcn Midco, LLC) - Funded Revolver		6/26/2024		06/26/2029		Diversified Consumer Services			9.75	%		3M SOFR+ 575					1,032				1,032				1,002
Azureon, LLC (F/K/A Tpcn Midco, LLC) - Unfunded Revolver (8)		6/26/2024		06/26/2029		Diversified Consumer Services			—				—				1,548				—				(45	)
Beacon Behavioral Support Services, LLC		6/21/2024		06/21/2029		Healthcare Providers and Services			9.50	%		3M SOFR+ 550					31,929				31,585				31,929
Beacon Behavioral Support Services, LLC - Unfunded Term Loan (8)		6/21/2024		12/22/2025		Healthcare Providers and Services			—				—				7,749				—				77
Beacon Behavioral Support Services, LLC - Unfunded Term Loan - 3rd Amendment (8)		6/21/2024		06/21/2027		Healthcare Providers and Services			—				—				23,451				—				235
Beacon Behavioral Support Services, LLC - Unfunded Revolver (8)		6/21/2024		06/21/2029		Healthcare Providers and Services			—				—				2,104				—				—
Best Practice Associates, LLC		11/7/2024		11/08/2029		Aerospace and Defense			10.91	%		3M SOFR+ 675					58,796				58,047				58,355
Best Practice Associates, LLC - Unfunded Revolver (8)		11/7/2024		11/08/2029		Aerospace and Defense			—				—				5,732				—				(43	)
Beta Plus Technologies, Inc.		2/29/2024		07/02/2029		Internet Software and Services			9.75	%		1M SOFR+ 575					32,742				32,027				32,415
Big Top Holdings, LLC		2/29/2024		03/01/2030		Construction & Engineering			9.50	%		3M SOFR+ 550					34,812				34,384				34,812
Big Top Holdings, LLC - Unfunded Revolver (8)		2/29/2024		02/28/2030		Construction & Engineering			—				—				4,479				—				—
Bioderm, Inc.		8/27/2025		01/31/2028		Healthcare Equipment and Supplies			10.77	%		1M SOFR+ 650					992				981				980
Bioderm, Inc. - Funded Revolver		1/30/2023		01/31/2028		Healthcare Equipment and Supplies			10.77	%		1M SOFR+ 650					1,071				1,071				1,058
Blackhawk Industrial Distribution, Inc.		6/27/2022		09/17/2026		Distributors			9.40	%		3M SOFR+ 540					8,126				8,095				7,984
Blackhawk Industrial Distribution, Inc. - Funded Revolver (6)		6/27/2022		09/17/2026		Distributors			9.40	%		3M SOFR+ 540					1,747				1,747				1,717
Blackhawk Industrial Distribution, Inc. - Unfunded Revolver (8)		6/27/2022		09/17/2026		Distributors			—				—				2,135				—				(37	)
BLC Holding Company, Inc.		11/20/2024		11/20/2030		Business Services			8.50	%		3M SOFR+ 450					23,155				23,007				23,155
BLC Holding Company, Inc. - Unfunded Term Loan (8)		11/20/2024		11/20/2026		Business Services			—				—				10,994				—				82
BLC Holding Company, Inc. - Funded Revolver		11/20/2024		11/20/2030		Business Services			8.50	%		3M SOFR+ 450					484				484				484
BLC Holding Company, Inc. - Unfunded Revolver (8)		11/20/2024		11/20/2030		Business Services			—				—				3,914				—				—
Blue Cloud Pediatric Surgery Centers LLC		8/12/2025		01/21/2031		Healthcare Providers and Services			9.48	%		3M SOFR+ 525					4,988				4,938				4,938
Blue Cloud Pediatric Surgery Centers LLC - Unfunded Term Loan (8)		8/12/2025		07/30/2027		Healthcare Providers and Services			—				—				5,517				—				—
Boss Industries, LLC		12/27/2024		12/27/2030		Independent Power and Renewable Electricity Producers			9.00	%		3M SOFR+ 500					17,952				17,833				17,952
Boss Industries, LLC - Unfunded Revolver (8)		12/27/2024		12/27/2030		Independent Power and Renewable Electricity Producers			—				—				2,744				—				—
Burgess Point Purchaser Corporation		8/12/2024		07/25/2029		Auto Components			9.51	%		3M SOFR+ 535					18,722				17,573				16,184
By Light Professional IT Services, LLC		7/15/2025		07/15/2031		High Tech Industries			9.66	%		1M SOFR+ 550					41,446				41,135				41,135
By Light Professional IT Services, LLC - Unfunded Revolver (6), (8)		7/15/2025		07/15/2031		High Tech Industries			—				—				3,671				—				(28	)
Capital Construction, LLC		6/30/2025		10/22/2026		Consumer Services			10.20	%			—				8,000				7,950				7,920
Capital Construction, LLC - Unfunded Term Loan (8)		6/30/2025		12/30/2025		Consumer Services			—				—				14,459				—				(36	)
Carisk Buyer, Inc.		11/27/2023		12/03/2029		Healthcare Technology			9.00	%		3M SOFR+ 500					11,309				11,234				11,309
Carisk Buyer, Inc. - Unfunded Term Loan (8)		11/27/2023		12/03/2029		Healthcare Technology			—				—				7,868				—				71
Carisk Buyer, Inc. - Unfunded Revolver (6), (8)		11/27/2023		12/03/2029		Healthcare Technology			—				—				1,750				—				—
Carnegie Dartlet, LLC		2/7/2024		02/07/2030		Professional Services			9.66	%		3M SOFR+ 550					33,807				33,385				33,469
Carnegie Dartlet, LLC - Unfunded Term Loan (8)		2/7/2024		02/09/2026		Professional Services			—				—				12,430				—				—
Carnegie Dartlet, LLC - Unfunded Revolver (8)		2/7/2024		02/07/2030		Professional Services			—				—				5,405				—				(54	)
Cartessa Aesthetics, LLC		6/1/2022		06/14/2028		Distributors			10.00	%		3M SOFR+ 600					15,721				15,614				15,721
Cartessa Aesthetics, LLC - Funded Revolver (6)		6/1/2022		06/14/2028		Distributors			10.00	%		3M SOFR+ 600					511				511				511
Cartessa Aesthetics, LLC - Unfunded Revolver (6), (8)		6/1/2022		06/14/2028		Distributors			—				—				927				—				—
Case Works, LLC		10/1/2024		10/01/2029		Professional Services			9.25	%		3M SOFR+ 525					20,486				20,336				19,564
Case Works, LLC - Funded Revolver		10/1/2024		10/01/2029		Professional Services			9.25	%		3M SOFR+ 525					3,903				3,903				3,727
Case Works, LLC - Unfunded Revolver (8)		10/1/2024		10/01/2029		Professional Services			—				—				205				—				(9	)
Cf512, Inc.		8/17/2021		08/20/2026		Media			10.19	%		3M SOFR+ 619					10,300				10,240				10,197
Cf512, Inc. - Funded Revolver		8/17/2021		08/20/2026		Media			10.18	%		3M SOFR+ 602					86				86				85
Cf512, Inc. - Unfunded Revolver (6), (8)		8/17/2021		08/20/2026		Media			—				—				869				—				(9	)
CJX Borrower, LLC		7/8/2021		07/13/2027		Media			10.08	%		3M SOFR+ 576					8,201				8,135				8,201

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

19

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

SEPTEMBER 30, 2025

(in thousands, except per share data)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
CJX Borrower, LLC - Unfunded Term Loan (8)		7/8/2021		07/13/2027		Media			—				—				446				—				82
CJX Borrower, LLC - Funded Revolver		7/8/2021		07/13/2027		Media			10.07	%		3M SOFR+ 576					593				593				593
CJX Borrower, LLC - Unfunded Revolver (8)		7/8/2021		07/13/2027		Media			—				—				642				—				—
Coolsys, Inc.		8/27/2025		08/11/2028		Commercial Services & Supplies			9.34	%		3M SOFR+ 501					2,251				1,920				1,984
Commercial Fire Protection Holdings, LLC		9/23/2024		09/23/2030		Commercial Services & Supplies			8.50	%		3M SOFR+ 450					38,329				38,070				38,329
Commercial Fire Protection Holdings, LLC - Unfunded Term Loan (8)		9/23/2024		09/23/2026		Commercial Services & Supplies			—				—				13,370				—				100
Commercial Fire Protection Holdings, LLC - Unfunded Revolver (8)		9/23/2024		09/23/2030		Commercial Services & Supplies			—				—				5,014				—				—
Compex Legal Services, Inc.		1/27/2020		02/07/2026		Professional Services			9.55	%		3M SOFR+ 555					10,720				10,716				10,720
Compex Legal Services, Inc. - Funded Revolver		1/27/2020		02/07/2026		Professional Services			9.51	%		3M SOFR+ 555					984				984				984
Compex Legal Services, Inc. - Unfunded Revolver (6), (8)		1/27/2020		02/07/2026		Professional Services			—				—				422				—				—
Confluent Health, LLC		3/25/2024		11/30/2028		Healthcare Providers and Services			8.28	%		1M SOFR+ 400					11,703				11,165				11,391
Cornerstone Advisors of Arizona, LLC		5/13/2025		05/13/2032		Consulting Services			8.75	%		3M SOFR+ 475					12,833				12,769				12,769
Cornerstone Advisors of Arizona, LLC - Unfunded Revolver (8)		5/13/2025		05/13/2032		Consulting Services			—				—				1,705				—				(9	)
Crane 1 Services, Inc.		8/11/2021		08/16/2027		Commercial Services & Supplies			10.03	%		3M SOFR+ 575					6,756				6,703				6,705
Crane 1 Services, Inc. - Unfunded Revolver (6), (8)		8/11/2021		08/16/2027		Commercial Services & Supplies			—				—				502				—				(4	)
C5MI Acquisition, LLC		7/31/2024		07/31/2029		IT Services			10.00	%		3M SOFR+ 600					28,710				28,357				28,710
C5MI Acquisition, LLC - Unfunded Revolver (8)		7/31/2024		07/31/2029		IT Services			—				—				9,093				—				—
DRI Holding Inc.		5/23/2024		12/21/2028		Media			9.51	%		1M SOFR+ 535					13,168				12,931				12,905
DRS Holdings III, Inc.		10/29/2019		11/03/2025		Chemicals, Plastics and Rubber			9.41	%		3M SOFR+ 525					6,714				6,707				6,781
DRS Holdings III, Inc. - Unfunded Revolver (6), (8)		10/29/2019		11/03/2025		Personal Products			—				—				487				—				—
Duggal Acquisition, LLC		9/30/2024		09/30/2030		Marketing Services			8.75	%		3M SOFR+ 475					10,218				10,130				10,218
Duggal Acquisition, LLC - Unfunded Term Loan (8)		9/30/2024		09/30/2026		Marketing Services			—				—				4,470				—				45
Duggal Acquisition, LLC - Unfunded Revolver (8)		9/30/2024		09/30/2030		Marketing Services			—				—				5,605				—				—
Dynata, LLC - First Out Term Loan		7/15/2024		07/17/2028		Business Services			9.46	%		3M SOFR+ 526					2,365				2,261				2,354
Dynata, LLC - Last Out Term Loan		7/15/2024		10/16/2028		Business Services			9.96	%		3M SOFR+ 576					14,672				14,131				11,946
Emergency Care Partners, LLC		10/18/2024		10/18/2027		Healthcare Providers and Services			9.00	%		3M SOFR+ 500					15,484				15,412				15,484
Emergency Care Partners, LLC - Unfunded Term Loan (8)		10/18/2024		10/19/2026		Healthcare Providers and Services			—				—				4,320				—				—
Emergency Care Partners, LLC - Unfunded Revolver (8)		10/18/2024		10/18/2027		Healthcare Providers and Services			—				—				1,810				—				—
EDS Buyer, LLC		12/19/2022		01/10/2029		Electronic Equipment, Instruments, and Components			8.75	%		3M SOFR+ 475					12,545				12,449				12,577
EDS Buyer, LLC. - Unfunded Revolver (6), (8)		12/19/2022		01/10/2029		Electronic Equipment, Instruments, and Components			—				—				2,298				—				6
Efficient Collaborative Retail Marketing Company, LLC		10/23/2018		09/30/2026		Media: Diversified and Production			11.01	%		3M SOFR+ 675					8,357				8,379				6,686
								(PIK 3.75%)
ETE Intermediate II, LLC		5/24/2023		05/29/2029		Diversified Consumer Services			9.16	%		3M SOFR+ 500					2,633				2,623				2,633
ETE Intermediate II, LLC - Funded Revolver		5/24/2023		05/25/2029		Diversified Consumer Services			9.17	%		3M SOFR+ 500					166				166				166
ETE Intermediate II, LLC - Unfunded Revolver (8)		5/24/2023		05/25/2029		Diversified Consumer Services			—				—				2,264				—				—
Eval Home Care Solutions Intermediate, LLC		5/10/2024		05/10/2030		Healthcare, Education and Childcare			9.91	%		1M SOFR+ 575					17,758				17,568				17,758
Eval Home Care Solutions Intermediate, LLC - Unfunded Revolver (8)		5/10/2024		05/10/2030		Healthcare, Education and Childcare			—				—				2,640				—				—
Exigo Intermediate II, LLC		8/27/2025		03/15/2027		Software			10.51	%		1M SOFR+ 635					4,787				4,787				4,787
Exigo Intermediate II, LLC - Unfunded Revolver (8)		3/10/2022		03/15/2027		Software			—				—				689				—				—
Express Wash Acquisition Company, LLC		4/10/2025		04/10/2031		Automobiles			10.58	%		3M SOFR+ 625					35,023				34,852				34,183
Express Wash Acquisition Company, LLC - Unfunded Revolver (8)		4/10/2025		04/10/2031		Automobiles			—				—				2,139				—				(51	)
First Medical MSO, LLC		6/13/2025		06/13/2031		Healthcare Providers and Services			9.75	%			—				7,481				7,408				7,406
First Medical MSO, LLC - Unfunded Term Loan (8)		6/13/2025		06/13/2027		Healthcare Providers and Services			—				—				5,000				—				—
First Medical MSO, LLC - Unfunded Revolver (6) (8)		6/13/2025		06/13/2031		Healthcare Providers and Services			—				—				1,000				—				(10	)
Five Star Buyer, Inc.		2/21/2023		02/23/2028		Hotels, Restaurants and Leisure			11.46	%		3M SOFR+ 715					5,214				5,155				5,110
								(PIK 1.00%)
Five Star Buyer, Inc. - Unfunded Revolver (8)		2/21/2023		02/23/2028		Hotels, Restaurants and Leisure			—				—				370				—				(7	)
Gauge ETE Blocker, LLC		5/24/2023		05/21/2029		Diversified Consumer Services			12.56	%			—				285				285				285
GGG Midco, LLC		9/27/2024		09/27/2030		Diversified Consumer Services			9.00	%		3M SOFR+ 500					36,984				36,653				36,984
GGG Midco, LLC - Unfunded Term Loan (8)		9/27/2024		09/27/2026		Diversified Consumer Services			—				—				5,830				—				58
GGG Midco, LLC – Unfunded Revolver (8)		9/27/2024		09/27/2030		Diversified Consumer Services			—				—				1,311				—				—
Global Holdings InterCo, LLC		3/11/2021		03/16/2026		Diversified Financial Services			9.74	%		1M SOFR+ 560					9,134				8,967				9,134
Graffiti Buyer, Inc.		8/9/2021		08/10/2027		Trading Companies & Distributors			9.66	%		3M SOFR+ 560					5,518				5,431				5,407
Graffiti Buyer, Inc. - Unfunded Term Loan (8)		8/9/2021		08/10/2027		Trading Companies & Distributors			—				—				984				—				(12	)
Graffiti Buyer, Inc. - Funded Revolver		8/9/2021		08/10/2027		Trading Companies & Distributors			9.85	%			—				36				36				35
Graffiti Buyer, Inc. - Unfunded Revolver (6), (8)		8/9/2021		08/10/2027		Trading Companies & Distributors			—				—				829				—				(17	)
Hancock Roofing and Construction, LLC		12/23/2020		12/31/2026		Insurance			9.90	%		3M SOFR+ 560					3,916				3,891				3,877
Hancock Roofing and Construction, LLC - Funded Revolver (6)		12/23/2020		12/31/2026		Insurance			9.76	%		3M SOFR+ 560					750				750				743
Halo Buyer, Inc.		2/7/2025		08/07/2029		Consumer products			10.16	%		1M SOFR+ 600					10,599				10,502				10,599
Halo Buyer, Inc. - Funded Revolver		2/7/2025		08/07/2029		Consumer products			10.16	%		1M SOFR+ 600					522				522				522
Halo Buyer, Inc. - Unfunded Revolver (8)		2/7/2025		08/07/2029		Consumer products			—				—				2,200				—				—
Harris & Co. LLC		8/9/2024		08/09/2030		Professional Services			9.16	%		3M SOFR+ 500					80,066				79,412				79,365
Harris & Co. LLC. - Unfunded Term Loan B (8)		8/9/2024		02/09/2026		Professional Services			—				—				16,832				—				—
Harris & Co. LLC - Unfunded Term Loan C (8)		8/9/2024		08/18/2027		Professional Services			—				—				4,192				—				—
Harris & Co. LLC - Funded Revolver		8/9/2024		08/09/2030		Professional Services			9.16	%		1M SOFR+ 500					1,683				1,683				1,669
Harris & Co. LLC - Unfunded Revolver (8)		8/9/2024		08/09/2030		Professional Services			—				—				7,936				—				(69	)
HEC Purchaser Corp.		6/17/2024		06/17/2029		Healthcare, Education and Childcare			8.87	%		3M SOFR+ 500					17,457				17,326				17,457
Help/Systems Holdings, Inc.		8/27/2025		11/30/2026		Software			8.41	%		3M SOFR+ 410					1,953				1,839				1,839
Hills Distribution, Inc.		11/2/2023		11/08/2029		Distributors			10.32	%		1M SOFR+ 600					18,294				18,121				18,294
Hills Distribution, Inc. - Unfunded Term Loan (8)		11/2/2023		11/07/2025		Distributors			—				—				1,514				—				15
HW Holdco, LLC		1/9/2019		05/11/2026		Media			9.90	%		3M SOFR+ 590					12,283				12,265				12,283
HW Holdco, LLC - Unfunded Revolver (6), (8)		1/9/2019		05/11/2026		Media			—				—				1,452				—				—
IG Investments Holdings, LLC (6)		11/23/2021		09/22/2028		Professional Services			9.31	%		3M SOFR+ 500					9,557				9,477				9,509
IG Investments Holdings, LLC - Unfunded Revolver (6), (8)		11/23/2021		09/22/2028		Professional Services			—				—				722				—				(4	)
Imagine Acquisitionco, Inc. - Unfunded Revolver (8)		11/4/2021		11/16/2027		Software			—				—				1,193				—				—
Impact Advisors, LLC		3/21/2025		03/19/2032		Business Services			8.50	%		3M SOFR+ 450					16,517				16,436				16,517
Impact Advisors, LLC - Unfunded Term Loan (8)		3/21/2025		03/21/2027		Business Services			—				—				9,723				—				49
Impact Advisors, LLC - Unfunded Revolver (8)		3/21/2025		03/19/2032		Business Services			—				—				1,945				—				—
Infinity Home Services Holdco, Inc.		12/21/2022		12/28/2028		Commercial Services & Supplies			10.00	%		3M SOFR+ 600					14,855				14,770				14,825
Infinity Home Services Holdco, Inc. (CAD)		12/21/2022		12/28/2028		Commercial Services & Supplies			10.00	%		3M SOFR+ 600					CAD 1,704				1,231				1,225
Infinity Home Services Holdco, Inc. - Unfunded Term Loan (8)		12/21/2022		10/30/2026		Commercial Services & Supplies			—				—				7,069				—				—
Infinity Home Services Holdco, Inc. - Funded Revolver		12/21/2022		12/28/2028		Commercial Services & Supplies			12.25	%			—				161				161				161

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

20

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

SEPTEMBER 30, 2025

(in thousands, except per share data)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Infinity Home Services Holdco, Inc. - Unfunded Revolver (8)		12/21/2022		12/28/2028		Commercial Services & Supplies			—				—				1,130				—				—
Inovex Information Systems Incorporated		12/17/2024		12/17/2030		Software			9.25	%		3M SOFR+ 525					7,940				7,885				7,940
Inovex Information Systems Incorporated - Unfunded Term Loan (8)		12/17/2024		12/17/2026		Software			—				—				2,800				—				—
Inovex Information Systems Incorporated - Unfunded Revolver (8)		12/17/2024		12/17/2030		Software			—				—				3,499				—				—
Infolinks Media Buyco, LLC		2/22/2024		11/02/2026		Media			9.50	%		3M SOFR+ 550					10,155				10,125				10,104
Inventus Power, Inc.		6/29/2023		01/15/2026		Electronic Equipment, Instruments, and Components			11.78	%		3M SOFR+ 761					4,888				4,880				4,888
Inventus Power, Inc. - Funded Revolver		6/29/2023		01/15/2026		Electronic Equipment, Instruments, and Components			11.76	%		3M SOFR+ 761					403				403				403
Inventus Power, Inc. - Unfunded Revolver (8)		6/29/2023		01/15/2026		Electronic Equipment, Instruments, and Components			—				—				1,325				—				—
Keel Platform, LLC		1/26/2024		01/20/2031		Metals and Mining			8.75	%		3M SOFR+ 475					14,601				14,437				14,455
Keel Platform, LLC - Unfunded Term Loan (8)		1/26/2024		01/20/2031		Metals and Mining			—				—				3,260				—				(8	)
Kinetic Purchaser, LLC		11/8/2021		11/10/2027		Personal Products			10.19	%		3M SOFR+ 615					17,955				17,641				15,262
Kinetic Purchaser, LLC - Funded Revolver		11/8/2021		11/10/2026		Personal Products			10.15	%		3M SOFR+ 615					2,172				2,172				1,846
Kinetic Purchaser, LLC - Unfunded Revolver (6), (8)		11/8/2021		11/10/2026		Personal Products			—				—				1,262				—				(189	)
Lash OpCo, LLC		8/16/2021		02/18/2027		Personal Products			12.16	%		1M SOFR+ 785					16,168				16,026				15,763
								(PIK 5.10%)					—
Lash OpCo, LLC - Funded Revolver (6)		8/16/2021		08/16/2026		Personal Products			12.16	%		1M SOFR+ 785					969				969				945
								(PIK 5.10%)
Lash OpCo, LLC - Unfunded Revolver (6) (8)		8/16/2021		08/16/2026		Personal Products			—				—				2,026				—				(51	)
LAV Gear Holdings, Inc.		7/31/2025		07/31/2029		Capital Equipment			10.10	%			—				9,581				9,592				9,930
								(PIK 3.44%)
LAV Gear Holdings, Inc. - Incremental TL		7/31/2025		07/31/2029		Capital Equipment			10.10	%			—				1,098				1,067				1,353
								(PIK 3.44%)
LAV Gear Holdings, Inc. - Unfunded Revolver (6) (8)		7/31/2025		07/31/2029		Capital Equipment			—				—				703				—				—
Ledge Lounger, Inc.		2/7/2022		11/09/2026		Leisure Products			11.65	%		3M SOFR+ 765					7,605				7,380				5,932
								(PIK 1.00%)
Ledge Lounger, Inc. - Funded Revolver		2/7/2022		11/09/2026		Leisure Products			11.65	%		3M SOFR+ 765					663				663				518
								(PIK 1.00%)
Lightspeed Buyer, Inc.		1/21/2020		02/03/2027		Healthcare Technology			8.75	%		3M SOFR+ 475					22,918				22,824				22,918
Lightspeed Buyer, Inc. - Unfunded Revolver (6), (8)		1/21/2020		02/03/2027		Healthcare Technology			—				—				2,499				—				—
LJ Avalon Holdings, LLC		1/18/2023		02/01/2030		Construction & Engineering			8.67	%		3M SOFR+ 450					11,815				11,770				11,815
LJ Avalon Holdings, LLC - Unfunded Term Loan (8)		1/18/2023		02/08/2027		Construction & Engineering			—				—				4,873				—				24
LJ Avalon Holdings, LLC - Unfunded Revolver (6), (8)		1/18/2023		02/01/2029		Construction & Engineering			—				—				2,883				—				—
Loving Tan Intermediate II, Inc.		5/24/2023		05/31/2028		Personal Products			9.00	%		3M SOFR+ 500					53,637				53,066				53,637
Loving Tan Intermediate II, Inc. - Unfunded Term Loan (8)		5/24/2023		07/12/2026		Personal Products			—				—				10,823				—				108
Loving Tan Intermediate II, Inc. - Funded Revolver		5/24/2023		05/31/2028		Personal Products			9.00	%		3M SOFR+ 500					3,559				3,559				3,559
Loving Tan Intermediate II, Inc. - Unfunded Revolver (8)		5/24/2023		05/31/2028		Personal Products			—				—				1,780				—				—
Lucky Bucks, LLC - First-Out Term Loan		11/2/2023		10/02/2028		Hotels, Restaurants and Leisure			12.01	%		1M SOFR+ 765					256				256				238
Lucky Bucks, LLC - Last-Out Term Loan		11/2/2023		10/02/2029		Hotels, Restaurants and Leisure			12.01	%		1M SOFR+ 765					529				529				426
MAG DS Corp.		9/21/2020		04/01/2027		Aerospace and Defense			9.60	%		3M SOFR+ 560					12,205				11,985				12,155
Marketplace Events Acquisition, LLC		12/19/2024		12/19/2030		Media			9.25	%		3M SOFR+ 525					56,198				55,699				56,198
Marketplace Events Acquisition, LLC - Unfunded Term Loan (8)		12/19/2024		06/19/2026		Media			—				—				8,717				—				87
Marketplace Events Acquisition, LLC - Funded Revolver		12/19/2024		12/19/2030		Media			9.25	%			—				610				610				610
Marketplace Events Acquisition, LLC - Unfunded Revolver (8)		12/19/2024		12/19/2030		Media			—				—				5,486				—				—
MBS Holdings, Inc.		4/7/2025		04/16/2027		Internet Software and Services			9.30	%		3M SOFR+ 510					5,632				5,630				5,632
MBS Holdings, Inc. - Unfunded Revolver (6), (8)		4/14/2021		04/16/2027		Internet Software and Services			—				—				1,157				—				—
MDI Buyer, Inc.		3/16/2023		07/25/2028		Commodity Chemicals			8.75	%		3M SOFR+ 475					5,066				5,021				5,066
MDI Buyer, Inc. - Unfunded Term Loan (8)		3/16/2023		07/25/2028		Commodity Chemicals			—				—				4,416				—				33
MDI Buyer, Inc. - Funded Revolver		7/19/2022		07/25/2028		Commodity Chemicals			11.50	%		3M SOFR+ 375					1,524				1,524				1,524
MDI Buyer, Inc. - Unfunded Revolver (6), (8)		7/19/2022		07/25/2028		Commodity Chemicals			—				—				353				—				—
Meadowlark Acquirer, LLC		12/9/2021		12/10/2027		Professional Services			9.65	%		3M SOFR+ 565					4,344				4,295				4,344
Meadowlark Acquirer, LLC - Funded Revolver		12/9/2021		12/10/2027		Professional Services			9.65	%		3M SOFR+ 565					339				339				339
Meadowlark Acquirer, LLC - Unfunded Revolver (8)		12/9/2021		12/10/2027		Professional Services			—				—				1,354				—				—
Medina Health, LLC		10/16/2023		10/20/2028		Healthcare Providers and Services			10.31	%		3M SOFR+ 625					20,795				20,600				20,899
Medina Health, LLC - Unfunded Revolver (8)		10/16/2023		10/20/2028		Healthcare Providers and Services			—				—				5,187				—				26
Megawatt Acquisitionco, Inc.		3/1/2024		03/01/2030		Electronic Equipment, Instruments, and Components			9.50	%		3M SOFR+ 550					9,850				9,545				9,377
Megawatt Acquisitionco, Inc. - Funded Revolver		3/1/2024		03/01/2030		Electronic Equipment, Instruments, and Components			9.67	%		3M SOFR+ 550					406				406				387
Megawatt Acquisitionco, Inc. - Unfunded Revolver (8)		3/1/2024		03/01/2030		Electronic Equipment, Instruments, and Components			—				—				2,844				—				(137	)
MOREgroup Holdings, Inc.		1/9/2024		01/16/2030		Construction & Engineering			9.31	%		3M SOFR+ 525					32,013				31,653				32,013
MOREgroup Holdings, Inc. - Unfunded Term Loan (8)		1/9/2024		01/16/2026		Construction & Engineering			—				—				11,056				—				111
MOREgroup Holdings, Inc. - Unfunded Revolver (8)		1/9/2024		01/16/2030		Construction & Engineering			—				—				6,634				—				—
Municipal Emergency Services, Inc.		9/23/2021		10/01/2027		Distributors			9.15	%		3M SOFR+ 515					9,998				9,959				9,998
Municipal Emergency Services, Inc. - Unfunded Term Loan (8)		9/23/2021		01/15/2026		Distributors			—				—				1,574				—				8
Municipal Emergency Services, Inc. - Unfunded Revolver (6), (8)		9/23/2021		10/01/2027		Distributors			—				—				947				—				—
NBH Group, LLC		8/29/2025		08/19/2026		Healthcare Equipment and Supplies			10.12	%		1M SOFR+ 585					2,571				2,571				2,571
NBH Group, LLC - Unfunded Revolver (6), (8)		8/16/2021		08/19/2026		Healthcare Equipment and Supplies			—				—				1,677				—				—
NORA Acquisition, LLC		8/22/2023		08/31/2029		Healthcare Providers and Services			10.41	%		3M SOFR+ 635					20,743				20,443				20,588
NORA Acquisition, LLC - Funded Revolver		8/22/2023		08/31/2029		Healthcare Providers and Services			10.35	%		3M SOFR+ 635					2,466				2,466				2,447
NORA Acquisition, LLC - Unfunded Revolver (6), (8)		8/22/2023		08/31/2029		Healthcare Providers and Services			—				—				3,013				—				(23	)
North American Rail Solutions, LLC		8/29/2025		08/29/2031		Manufacturing/Basic Industry			8.75	%		3M SOFR+ 475					55,000				54,725				54,725
North American Rail Solutions, LLC - Unfunded Term Loan (8)		8/29/2025		08/29/2027		Manufacturing/Basic Industry			—				—				4,231				—				—
North American Rail Solutions, LLC - Funded Revolver		8/29/2025		08/29/2031		Manufacturing/Basic Industry			8.75	%		3M SOFR+ 475					1,467				1,467				1,467
North American Rail Solutions, LLC - Unfunded Revolver (8)		8/29/2025		08/29/2031		Manufacturing/Basic Industry			—				—				4,456				—				—
Omnia Exterior Solutions, LLC		12/29/2023		12/31/2029		Diversified Consumer Services			9.25	%		3M SOFR+ 525					23,484				23,315				23,014
Omnia Exterior Solutions, LLC - Unfunded Term Loan (8)		12/29/2023		09/30/2026		Diversified Consumer Services			—				—				8,705				—				(98	)
Omnia Exterior Solutions, LLC - Funded Revolver		12/29/2023		12/31/2029		Diversified Consumer Services			9.25	%		1M SOFR+ 525					2,520				2,520				2,470
Omnia Exterior Solutions, LLC - Unfunded Revolver (6), (8)		12/29/2023		12/31/2029		Diversified Consumer Services			—				—				1,680				—				(34	)
One Stop Mailing, LLC		5/26/2021		05/07/2027		Air Freight and Logistics			10.53	%		3M SOFR+ 636					12,941				12,881				12,941
ORL Acquisition, Inc. (6)		9/1/2021		09/03/2027		Consumer Finance			13.70	%		3M SOFR+ 940					7,710				7,406				6,823
								(PIK 7.50%)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

21

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

SEPTEMBER 30, 2025

(in thousands, except per share data)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
ORL Acquisition, Inc. - Unfunded Revolver (6), (8)		9/1/2021		09/03/2027		Consumer Finance			—				—				215				—				(25	)
OSP Embedded Purchaser, LLC		12/11/2023		12/17/2029		Aerospace and Defense			9.77	%		3M SOFR+ 575					36,810				36,445				36,294
OSP Embedded Purchaser, LLC - Unfunded Revolver (8)		12/11/2023		12/17/2029		Aerospace and Defense			—				—				2,932				—				(41	)
Output Services Group, Inc. - First-out Term Loan		11/30/2023		11/30/2028		Business Services			12.71	%		3M SOFR+ 843					828				828				828
Output Services Group, Inc. - Last-out Term Loan		11/30/2023		05/30/2028		Business Services			10.96	%		3M SOFR+ 668					1,681				1,681				1,681
Pacific Purchaser, LLC		10/2/2023		10/02/2028		Professional Services			10.42	%		3M SOFR+ 625					7,123				7,034				7,095
Pacific Purchaser, LLC - Unfunded Revolver (8)		10/2/2023		10/02/2028		Professional Services			—				—				1,799				—				(7	)
PAR Excellence Holdings, Inc.		9/3/2024		09/03/2030		Healthcare Technology			9.32	%		3M SOFR+ 500					27,431				27,186				26,951
PAR Excellence Holdings, Inc. - Unfunded Revolver (8)		9/3/2024		09/03/2030		Healthcare Technology			—				—				4,692				—				(82	)
Paving Lessor Corp.		7/1/2025		07/01/2031		Business Services			9.25	%			—				21,390				21,231				21,230
Paving Lessor Corp. - Unfunded Term Loan (8)		7/1/2025		07/01/2027		Business Services			—				—				8,632				—				—
Paving Lessor Corp. - Unfunded Revolver (8)		7/1/2025		07/01/2031		Business Services			—				—				5,755				—				(43	)
Peninsula Pacific Entertainment, LLC		8/15/2025		08/22/2032		Gaming			9.02	%		3M SOFR+ 475					15,002				14,852				14,965
Peninsula Pacific Entertainment, LLC - Unfunded Term Loan (8)		8/15/2025		08/25/2027		Gaming			—				—				3,516				—				9
Penta Group Holdings, Inc.		7/31/2025		07/31/2031		Professional Services			8.50	%			—				15,000				14,925				14,925
Penta Group Holdings, Inc. - Unfunded Term Loan (8)		7/31/2025		07/31/2027		Professional Services			—				—				6,056				—				—
Penta Group Holdings, Inc. - Funded Revolver		7/31/2025		07/31/2031		Professional Services			8.50	%			—				492				492				490
Penta Group Holdings, Inc. - Unfunded Revolver (8)		7/31/2025		07/31/2031		Professional Services			—				—				1,022				—				(5	)
PCS MIDCO, Inc.		3/1/2024		03/01/2030		Professional Services			9.75	%		3M SOFR+ 575					11,843				11,755				11,843
PCS MIDCO, Inc. - Unfunded Term Loan (8)		3/1/2024		03/02/2026		Professional Services			—				—				2,087				—				21
PCS MIDCO, Inc. - Unfunded Revolver (8)		3/1/2024		03/01/2030		Professional Services			—				—				1,770				—				—
Pink Lilly Holdco, LLC (12)		11/5/2021		11/09/2027		Textiles, Apparel and Luxury Goods			4.35	%			—				9,780				8,422				3,912
Pink Lilly Holdco, LLC - Funded Revolver (12)		11/5/2021		11/09/2027		Textiles, Apparel and Luxury Goods			4.27	%			—				611				611				244
Pink Lilly Holdco, LLC - Unfunded Revolver (8) (12)		11/5/2021		11/09/2027		Textiles, Apparel and Luxury Goods			—				—				534				—				(321	)
PlayPower, Inc.		8/28/2024		08/28/2030		Leisure Products			9.25	%		1M SOFR+ 525					32,086				31,893				32,086
PlayPower, Inc. - Unfunded Revolver (8)		8/28/2024		08/28/2030		Leisure Products			—				—				3,981				—				—
Podean Buyer, LLC		8/4/2025		08/04/2031		Marketing Services			10.00	%		3M SOFR+ 600					8,000				7,920				7,920
Podean Buyer, LLC - Unfunded Revolver (8)		8/4/2025		08/04/2031		Marketing Services			—				—				1,579				—				(16	)
Project Granite Buyer, Inc.		12/31/2024		12/31/2030		Professional Services			9.75	%		3M SOFR+ 575					11,894				11,790				12,013
Project Granite Buyer, Inc. - Unfunded Term Loan (8)		12/31/2024		12/31/2026		Professional Services			—				—				1,708				—				34
Project Granite Buyer, Inc. - Unfunded Revolver (8)		12/31/2024		12/31/2030		Professional Services			—				—				2,846				—				28
Pragmatic Institute, LLC		7/5/2022		03/28/2030		Professional Services			9.50	%			—				575				575				417
Rancho Health MSO, Inc.		12/20/2024		06/20/2029		Healthcare Equipment and Supplies			9.29	%		3M SOFR+ 500					9,310				9,291				9,310
Rancho Health MSO, Inc. - Unfunded Term Loan (8)		12/20/2024		06/30/2026		Healthcare Equipment and Supplies			—				—				3,034				—				28
Rancho Health MSO, Inc. - Funded Revolver (6)		12/20/2024		06/20/2029		Healthcare Equipment and Supplies			9.29	%		3M SOFR+ 500					2,420				2,420				2,420
Rancho Health MSO, Inc. - Unfunded Revolver (6), (8)		12/20/2024		06/20/2029		Healthcare Equipment and Supplies			—				—				880				—				—
Recteq, LLC		1/27/2021		01/29/2026		Leisure Products			10.40	%		3M SOFR+ 640					3,820				3,809				3,810
Recteq, LLC - Funded Revolver		1/27/2021		01/29/2026		Leisure Products			10.46	%		3M SOFR+ 625					360				360				359
Recteq, LLC - Unfunded Revolver (6), (8)		1/27/2021		01/29/2026		Leisure Products			—				—				936				—				(2	)
Rosco Parent, LLC		9/9/2025		09/12/2031		Business Services			8.81	%			—				22,000				21,835				21,835
Rosco Parent, LLC - Unfunded Revolver (8)		9/9/2025		09/12/2031		Business Services			—				—				2,883				—				—
Riverpoint Medical, LLC		6/19/2019		06/21/2027		Healthcare Equipment and Supplies			8.75	%		3M SOFR+ 475					9,728				9,682				9,728
Riverpoint Medical, LLC - Unfunded Revolver (6), (8)		6/19/2019		06/21/2027		Healthcare Equipment and Supplies			—				—				909				—				—
Ro Health, LLC		1/16/2025		01/17/2031		Healthcare Providers and Services			8.50	%		3M SOFR+ 450					15,337				15,235				15,337
Ro Health, LLC - Funded Revolver		1/16/2025		01/17/2031		Healthcare Providers and Services			9.00	%		3M SOFR+ 500					2,329				2,329				2,329
Ro Health, LLC - Unfunded Revolver (8)		1/16/2025		01/17/2031		Healthcare Providers and Services			—				—				5,435				—				—
RRA Corporate, LLC		8/15/2024		08/15/2029		Diversified Consumer Services			9.00	%		3M SOFR+ 500					17,699				17,546				17,593
RRA Corporate, LLC - Unfunded Term Loan (8)		8/15/2024		08/17/2026		Diversified Consumer Services			—				—				15,312				—				61
RRA Corporate, LLC - Funded Revolver		8/15/2024		08/15/2029		Diversified Consumer Services			9.27	%		3M SOFR+ 525					3,090				3,090				3,071
RRA Corporate, LLC - Unfunded Revolver (8)		8/15/2024		08/15/2029		Diversified Consumer Services			—				—				3,627				—				(22	)
RTIC Subsidiary Holdings, LLC		5/3/2024		05/03/2029		Leisure Products			9.75	%		3M SOFR+ 575					47,340				46,734				46,867
RTIC Subsidiary Holdings, LLC - Funded Revolver		5/3/2024		05/03/2029		Leisure Products			9.75	%		3M SOFR+ 575					3,296				3,296				3,263
RTIC Subsidiary Holdings, LLC - Unfunded Revolver (8)		5/3/2024		05/03/2029		Leisure Products			—				—				6,121				—				(61	)
Rural Sourcing Holdings, Inc.		6/8/2023		06/15/2029		Professional Services			9.75	%		3M SOFR+ 575					2,201				2,161				1,981
Rural Sourcing Holdings, Inc. - Funded Revolver		6/8/2023		06/15/2029		Professional Services			9.75	%		3M SOFR+ 575					487				487				438
Rural Sourcing Holdings, Inc. - Unfunded Revolver (6), (8)		6/8/2023		06/15/2029		Professional Services			—				—				373				—				(37	)
Sabel Systems Technology Solutions, LLC		10/31/2024		10/31/2030		Government Services			9.77	%		3M SOFR+ 575					26,649				26,417				26,649
Sabel Systems Technology Solutions, LLC - Funded Revolver		10/31/2024		10/31/2030		Government Services			12.75	%		3M SOFR+ 525					182				182				182
Sabel Systems Technology Solutions, LLC - Unfunded Revolver (8)		10/31/2024		10/31/2030		Government Services			—				—				3,452				—				—
Safe Haven Defense US, LLC		5/23/2024		05/23/2029		Building Products			9.50	%		3M SOFR+ 525					19,845				19,681				19,746
Safe Haven Defense US, LLC - Unfunded Revolver (8)		5/23/2024		05/23/2029		Building Products			—				—				2,920				—				(15	)
Sales Benchmark Index, LLC		12/23/2019		07/07/2026		Professional Services			10.20	%		3M SOFR+ 600					2,504				2,501				2,504
Sales Benchmark Index, LLC - Funded Revolver		12/23/2019		07/07/2026		Professional Services			9.20	%		3M SOFR+ 520					431				431				431
Sales Benchmark Index, LLC - Unfunded Revolver (6), (8)		12/23/2019		07/07/2026		Professional Services			—				—				646				—				—
Sath Industries, LLC		12/17/2024		12/17/2029		Event Services			9.54	%		3M SOFR+ 550					11,295				11,198				11,295
Sath Industries, LLC - Unfunded Revolver (8)		12/17/2024		12/17/2029		Event Services			—				—				2,466				—				—
Schlesinger Global, Inc.		10/24/2019		10/24/2025		Professional Services			12.76	%		3M SOFR+ 860					8,169				8,169				7,761
								(PIK 5.85%)
Schlesinger Global, Inc. - Funded Revolver		10/24/2019		10/24/2025		Professional Services			12.76	%		3M SOFR+ 860					1,674				1,674				1,591
								(PIK 5.85%)
Schlesinger Global, Inc. - Unfunded Revolver (6), (8)		10/24/2019		10/24/2025		Professional Services			—				—				401				—				(20	)
Seacoast Service Partners NA, LLC		12/20/2024		12/20/2029		Diversified Consumer Services			9.01	%		3M SOFR+ 500					10,596				10,515				10,162
Seacoast Service Partners NA, LLC - Unfunded Term Loan (8)		12/20/2024		12/21/2026		Diversified Consumer Services			—				—				5,653				—				(182	)
Seacoast Service Partners NA, LLC - Funded Revolver		12/20/2024		12/20/2029		Diversified Consumer Services			9.00	%		3M SOFR+ 500					892				892				855
Seacoast Service Partners NA, LLC - Unfunded Revolver (8)		12/20/2024		12/20/2029		Diversified Consumer Services			—				—				1,231				—				(50	)
Seaway Buyer, LLC		7/25/2024		06/13/2029		Chemicals, Plastics and Rubber			10.17	%		3M SOFR+ 615					1,882				1,864				1,755
Sigma Defense Systems, LLC		11/30/2021		12/20/2027		IT Services			10.15	%		3M SOFR+ 615					26,344				26,096				26,344
Sigma Defense Systems, LLC - Funded Revolver		11/30/2021		12/20/2027		IT Services			10.90	%		3M SOFR+ 690					764				764				764
Sigma Defense Systems, LLC - Unfunded Revolver (6), (8)		11/30/2021		12/20/2027		IT Services			—				—				2,548				—				—
Smartronix, LLC		2/6/2025		02/06/2032		Aerospace and Defense			8.66	%		1M SOFR+ 450					5,970				5,914				5,992
Smile Brands, Inc.		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			10.43	%		1M SOFR+ 610					4,609				4,323				3,978
								(PIK 1.50%)
Smile Brands, Inc. - Funded Revolver		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			10.43	%		1M SOFR+ 610					1,047				1,047				903
Smile Brands, Inc. - Unfunded Revolver (6), (8)		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			—				—				531				—				(73	)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

22

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

SEPTEMBER 30, 2025

(in thousands, except per share data)

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Smile Brands, Inc. - Unfunded Revolver - LC (6) (8)		10/4/2018		10/12/2027		Healthcare and Pharmaceuticals			—				—				100				—				(14	)
Spendmend Holdings, LLC		3/1/2022		03/01/2028		Healthcare Technology			9.15	%		3M SOFR+ 515					2,949				2,929				2,949
Spendmend Holdings, LLC - Unfunded Term Loan (8)		3/1/2022		11/25/2026		Healthcare Technology			—				—				2,922				—				15
Spendmend Holdings, LLC - Funded Revolver		3/1/2022		03/01/2028		Healthcare Technology			9.15	%		3M SOFR+ 515					149				149				149
Spendmend Holdings, LLC - Unfunded Revolver (8)		3/1/2022		03/01/2028		Healthcare Technology			—				—				743				—				—
STG Distribution, LLC - First Out New Money Term Loans		8/27/2025		10/03/2029		Air Freight and Logistics			12.57	%		1M SOFR+ 835					784				700				698
STG Distribution, LLC - Second Out Term Loans (12)		8/27/2025		10/03/2029		Air Freight and Logistics			5.32	%							1,814				541				145
SV-Aero Holdings, LLC		10/31/2024		11/01/2030		Aerospace and Defense			9.00	%		3M SOFR+ 500					15,275				15,211				15,275
SV-Aero Holdings, LLC - Unfunded Term Loan (8)		10/31/2024		11/02/2026		Aerospace and Defense			—				—				7,259				—				36
Symplr Software, Inc.		8/27/2025		12/20/2027		Software			8.91	%		3M SOFR+ 460					680				622				610
Systems Planning And Analysis, Inc.		10/12/2021		08/16/2027		Aerospace and Defense			8.75	%		3M SOFR+ 475					46,315				46,011				45,944
Systems Planning And Analysis, Inc. - Funded Revolver		10/12/2021		08/16/2027		Aerospace and Defense			8.90	%		3M SOFR+ 475					774				774				768
Systems Planning And Analysis, Inc. - Unfunded Term Loan (8)		10/12/2021		06/12/2027		Aerospace and Defense			—				—				2,131				—				(6	)
Systems Planning And Analysis, Inc. - Unfunded Revolver (8)		10/12/2021		08/16/2027		Aerospace and Defense			—				—				7,590				—				(61	)
TCG 3.0 Jogger Acquisitionco, Inc.		1/23/2024		01/23/2029		Media			10.52	%		3M SOFR+ 650					9,345				9,259				9,298
TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver		1/23/2024		01/23/2029		Media			12.75	%		3M SOFR+ 550					437				437				435
TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver (8)		1/23/2024		01/23/2029		Media			—				—				1,990				—				(10	)
Team Services Group, LLC		2/23/2024		12/20/2027		Healthcare Providers and Services			9.56	%		3M SOFR+ 525					15,753				15,590				15,687
The Bluebird Group, LLC		7/22/2021		07/28/2026		Professional Services			9.90	%		3M SOFR+ 590					13,608				13,569				13,608
The Bluebird Group, LLC - Unfunded Revolver (6), (8)		7/22/2021		07/28/2026		Professional Services			—				—				862				—				—
The Vertex Companies, LLC (6)		8/25/2021		08/31/2028		Construction & Engineering			9.01	%		1M SOFR+ 495					22,561				22,428				22,448
The Vertex Companies, LLC - Funded Revolver		8/25/2021		08/31/2028		Construction & Engineering			8.99	%		1M SOFR+ 495					2,007				2,007				1,996
The Vertex Companies, LLC - Unfunded Revolver (6), (8)		8/25/2021		08/31/2028		Construction & Engineering			—				—				3,466				—				(17	)
TMII Enterprises, LLC		12/19/2022		12/22/2028		Commercial Services & Supplies			8.66	%		3M SOFR+ 450					3,543				3,527				3,543
TMII Enterprises, LLC - Unfunded Revolver (6), (8)		12/19/2022		12/22/2028		Commercial Services & Supplies			—				—				748				—				—
TPC US Parent, LLC		11/15/2019		11/24/2025		Food Products			10.19	%		3M SOFR+ 590					12,259				12,251				12,161
TransGo, LLC		12/29/2023		12/29/2028		Auto Components			9.91	%		3M SOFR+ 575					10,904				10,785				10,985
TransGo, LLC - Unfunded Revolver (6), (8)		12/29/2023		12/29/2028		Auto Components			—				—				4,440				—				33
Tyto Athene, LLC		3/26/2021		04/03/2028		IT Services			9.19	%		3M SOFR+ 490					16,500				16,304				16,088
US Fertility Enterprises, LLC		10/7/2024		10/11/2031		Healthcare Providers and Services			8.80	%		1M SOFR+ 450					2,039				2,040				2,039
Urology Management Holdings, Inc.		9/3/2024		06/15/2027		Healthcare Providers and Services			9.66	%		1M SOFR+ 550					5,550				5,530				5,550
Urology Management Holdings, Inc. - Unfunded Term Loan (8)		9/3/2024		09/03/2026		Healthcare Providers and Services			—				—				2,400				—				12
Walker Edison Furniture Company, LLC - New Money DIP		3/1/2023		03/01/2029		Wholesale			10.00	%			—				223				223				228
Walker Edison Furniture Company, LLC - Unfunded Term Loan (8)		3/1/2023		03/01/2029		Wholesale			—				—				590				—				21
Watchtower Buyer, LLC		11/29/2023		12/03/2029		Electronic Equipment, Instruments, and Components			10.00	%		3M SOFR+ 600					12,772				12,643				12,644
Watchtower Buyer, LLC - Unfunded Revolver (8)		11/29/2023		12/03/2029		Electronic Equipment, Instruments, and Components			—				—				6,300				—				(63	)
Wash & Wax Systems, LLC		4/30/2025		04/30/2028		Consumer Services			9.81	%		3M SOFR+ 550					6,446				6,559				6,568
Wash & Wax Systems, LLC - Funded Revolver		4/30/2025		04/30/2028		Consumer Services			9.81	%		3M SOFR+ 550					17				17				17
Wash & Wax Systems, LLC - Unfunded Revolver (6) (8)		4/30/2025		04/30/2028		Consumer Services			—								830				—				—
Total First Lien Secured Debt																				$	2,289,071			$	2,275,982
Second Lien Secured Debt - 0.1% of Net Assets
Team Services Group, LLC - 2nd Lien		2/23/2024		12/18/2028		Healthcare Providers and Services			13.57	%		3M SOFR+ 926					1,000			$	995			$	995
Total Second Lien Secured Debt																				$	995			$	995
Subordinate Debt - 1.7% of Net Assets
Beacon Behavioral Holdings, LLC		6/21/2024		06/21/2030		Healthcare Providers and Services			15.00	%			—				5,229				5,176				5,229
Integrative Nutrition, LLC - Promissory Note #1		4/17/2025		04/15/2030		Consumer Services			—				—				2,623				2,276				2,243
Integrative Nutrition, LLC - Promissory Note #2		4/17/2025		04/15/2033		Consumer Services			—				—				5,975				2,763				2,763
ORL Holdco, Inc. - Convertible Notes		8/2/2024		03/08/2028		Consumer Finance			18.00	%			—				13				13				—
ORL Holdco, Inc. - Unfunded Convertible Notes (8)		8/2/2024		03/08/2028		Consumer Finance			—				—				13				—				(13	)
OSP Embedded Purchaser, LP - Convertible Note		11/6/2024		05/08/2030		Aerospace and Defense			12.00	%			—				47				471				547
Schlesinger Global, LLC - Promissory Note		2/21/2024		01/08/2026		Professional Services			12.76	%		3M SOFR+ 860					66				66				136
StoicLane, Inc. - Convertible Notes		8/15/2024		08/16/2027		Healthcare Technology			12.00	%			—				2,288				2,288				2,632
StoicLane, Inc. - Unfunded Convertible Notes (8)		8/15/2024		08/16/2027		Healthcare Technology			—				—				763				—				115
Wash & Wax Systems, LLC - Subordinate Debt		4/30/2025		07/30/2028		Consumer Services			12.00	%			—				4,334				4,334				4,334
Total Subordinate Debt																				$	17,387			$	17,986
Preferred Equity - 1.9% of Net Assets(5)
Accounting Platform Holdings, Inc. - Preferred Equity - Series A		8/9/2024				Professional Services			—				—				1,075,900				1,076				1,076
Ad.Net Holdings, Inc. - Preferred Equity		5/4/2021				Media			—				—				6,720				672				602
AFC Acquisitions, Inc. Preferred Equity - Series F-2 (7)		12/7/2023				Distributors			—				—				825				1,262				1,380
AFC Acquisitions, Inc. Preferred Equity - Series G-2 (7)		12/7/2023				Distributors			—				—				18				31				33
AFC Acquisitions, Inc. Preferred Equity - Series H-2 (7)		12/7/2023				Distributors			—				—				10				20				21
AFC Acquisitions, Inc. Preferred Equity - Series I-2 (7)		12/7/2023				Distributors			—				—				9				19				19
AFC Acquisitions, Inc. Preferred Equity - Series J-2 (7)		12/7/2023				Distributors			—				—				17				34				33
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Preferred Equity (6), (7)		5/21/2019				Media			—				—				2,018				2,018				1,990
BioDerm Holdings, LP - Preferred Equity		1/30/2023				Healthcare Equipment and Supplies			—				—				1,313				1,313				1,308
Cartessa Aesthetics, LLC - Preferred Equity (7)		6/1/2022				Distributors			—				—				1,437,500				1,438				3,263
Connatix Parent, LLC		7/8/2021				Media			—				—				5,311				5				5
Consello Pacific Aggregator, LLC - Preferred Equity (7)		10/2/2023				Professional Services			—				—				1,025,476				973				790
C5MI Holdco, LLC - Preferred Equity (7)		7/31/2024				IT Services			—				—				228,900				223				238
EvAL Home Health Solutions, LLC (7)		5/10/2024				Healthcare, Education and Childcare			—				—				876,386				1,455				1,315
Five Star Parent Holdings, LLC - Preferred (Class P)		2/21/2023				Hotels, Restaurants and Leisure			—				—				384				38				164
Gauge Schlesinger Coinvest, LLC - Preferred Equity		4/22/2020				Professional Services			—				—				64				64				—
Hancock Claims Consultants Investors, LLC - Preferred Equity (7)		12/23/2020				Insurance			—				—				116,588				76				134
HPA SPQ Aggregator, LP - Preferred Equity		6/8/2023				Professional Services			—				—				52,353				52				52
Imagine Topco. LP - Preferred Equity		11/4/2021				Software			8.00	%			—				1,236,027				1,236				1,689
Magnolia Topco, LP - Preferred Equity - Class A (7)		7/25/2023				Automobiles			—				—				47				47				43
Magnolia Topco, LP - Preferred Equity - Class A-1 (7)		7/25/2023				Automobiles			—				—				16				16				32
Magnolia Topco, LP - Preferred Equity - Class B (7)		7/25/2023				Automobiles			—				—				31				20				—
Megawatt Acquisition Partners, LLC - Preferred Equity - Class A		6/28/2024				Electronic Equipment, Instruments, and Components			—				—				9,360				936				731
NXOF Holdings, Inc. - Preferred Equity		9/25/2018				IT Services			—				—				1,935				1,935				2,021
ORL Holdco, Inc. - Preferred Equity		9/1/2021				Consumer Finance			—				—				1,327				133				1

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

23

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES

CONSOLIDATED SCHEDULE OF INVESTMENTS-(Continued)

SEPTEMBER 30, 2025

(in thousands, except per share data)

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Filing: 10-Q - PennantPark Floating Rate Capital Ltd. (PFLT)
Accession Number: 0001193125-26-211880

Issuer Name		Acquisition		Maturity		Industry		Current Coupon				Basis Point Spread Above Index (1)				Par / Shares				Cost				Fair Value (2)
Pink Lily Holdco, LLC - Preferred Equity - Class A-1 (7)		11/5/2021				Textiles, Apparel and Luxury Goods			—				—				122				122				—
RTIC Parent Holdings, LLC - Preferred Equity - Class A (7)		5/3/2024				Leisure Products			—				—				9				9				—
RTIC Parent Holdings, LLC - Preferred Equity - Class C (7)		5/3/2024				Leisure Products			—				—				18,450				1,215				2,246
RTIC Parent Holdings, LLC - Preferred Equity - Class D (7)		5/3/2024				Leisure Products			—				—				19,584				196				264
SP L2 Holdings, LLC - Preferred Equity		11/4/2021				Leisure Products			—				—				135,240				33				—
SP L2 Holdings, LLC - Unfunded Preferred Equity (8)		11/4/2021				Leisure Products			—				—				77,280				—				(19	)
TPC Holding Company, LP - Preferred Equity		12/4/2019				Food Products			—				—				409				409				441
TWD Parent Holdings, LLC - Preferred Equity		8/25/2021				Construction & Engineering			—				—				41				39				58
UniTek Global Services, Inc. - Super Senior Preferred Equity		1/13/2015				Telecommunications			20.00	%			—				320,711				322				722
UniTek Global Services, Inc. - Senior Preferred Equity		1/13/2015				Telecommunications			19.00	%			—				448,851				449				—
UniTek Global Services, Inc. - Preferred Equity		1/13/2015				Telecommunications			13.50	%			—				1,047,317				670				—
Total Preferred Equity																				$	18,556			$	20,652
Common Equity/Warrants - 16.4% of Net Assets(5)
A1 Garage Equity, LLC - Common Equity (7)		12/19/2022				Commercial Services & Supplies			—				—				647,943				648				1,150
48Forty Intermediate Holdings, Inc. - Common Equity		8/27/2025				Business Services			—				—				529				—				—
ACP Big Top Holdings, LP - Common Equity		2/29/2024				Construction & Engineering			—				—				3,000,500				2,883				4,398
Ad.Net Holdings, Inc. - Common Equity		5/4/2021				Media			—				—				7,467				75				—
Aechelon InvestCo, LP		8/16/2024				Aerospace and Defense			—				—				29,917				2,992				11,379
Aechelon InvestCo, LP - Unfunded Common Equity (8)		8/16/2024				Aerospace and Defense			—				—				33,433				—				—
Aftermarket Drivetrain Products Holdings, LLC - Common Equity		12/29/2023				Auto Components			—				—				2,632				2,632				4,899
AG Investco - Common Equity (6), (7)		11/5/2018				Software			—				—				8,052				805				75
AG Investco - Unfunded Common Equity  (7), (8)		11/5/2018				Software			—				—				1,948				—				(177	)
Altamira Parent Holdings, LLC - Common Equity		7/23/2019				IT Services			—				—				1,437,500				1,438				1,335
Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) - Common Equity (7)		5/21/2019				Media			—				—				2,018				—				—
Athletico Holdings, LLC - Common Equity (7)		2/4/2022				Healthcare Providers and Services			—				—				4,678				5,000				3,449
Aphix Topco, Inc. - Common Equity		7/17/2025				Business Services			—				—				819,190				819				868
APT Holdings, LLC - Common Equity (7)		9/29/2025				Healthcare Providers and Services			—				—				855,110				1,152				1,152
Azureon Holdings, LLC (7)		6/26/2024				Diversified Consumer Services			—				—				1,130,707				1,131				961
BioDerm Holdings, LP - Common Equity		1/30/2023				Healthcare Equipment and Supplies			—				—				1,313				—				—
Burgess Point Holdings, LP - Common Equity		7/21/2022				Auto Components			—				—				112				114				121
By Light Investco LP - Common Equity (7)		5/15/2017				High Tech Industries			—				—				22,789				—				15,662
Carisk Parent, LP - Common Equity		11/27/2023				Healthcare Technology			—				—				239,680				240				276
Carnegie HoldCo, LLC (7)		2/7/2024				Professional Services			—				—				2,719,600				2,599				2,040
Connatix Parent, LLC - Common Equity		7/8/2021				Media			—				—				182,141				421				210
Crane 1 Acquisition Parent Holdings, LP - Common Equity		8/11/2021				Commercial Services & Supplies			—				—				130				120				254
C5MI Holdco, LLC - Common Equity (7)		7/31/2024				IT Services			—				—				1,659,050				1,659				1,526
Delta InvestCo, LP - Common Equity  (7)		12/16/2020				IT Services			—				—				804,615				763				1,557
Delta InvestCo, LP - Unfunded Common Equity (7), (8)		12/16/2020				IT Services			—				—				200,255				—				—
Duggal Equity, LP - Common Equity		9/30/2024				Marketing Services			—				—				686				686				629
EDS Topco, LP - Common Equity		12/19/2022				Electronic Equipment, Instruments, and Components			—				—				1,125,000				1,125				2,322
Events TopCo, LP - Common Equity		12/17/2024				Event Services			—				—				1,016,800				1,017				1,297
Exigo, LLC - Common Equity		3/10/2022				Software			—				—				541,667				542				575
FedHC InvestCo, LP - Common Equity (7)		8/26/2021				Aerospace and Defense			—				—				22,671				810				3,006
FedHC InvestCo, LP - Unfunded Common Equity (7), (8)		8/26/2021				Aerospace and Defense			—				—				3,721				—				—
First Medical Holdings, LLC - Common Equity		6/13/2025				Healthcare Providers and Services			—				—				75,000				750				773
Five Star Parent Holdings, LLC - Common Equity		2/21/2023				Hotels, Restaurants and Leisure			—				—				655,714				656				—
Gauge ETE Blocker, LLC - Common Equity		5/24/2023				Diversified Consumer Services			—				—				374,444				374				288
Gauge Lash Coinvest, LLC - Common Equity		12/4/2019				Personal Products			—				—				2,057,387				1,588				4,059
Gauge Loving Tan, LP - Common Equity		5/25/2023				Personal Products			—				—				2,914,701				2,915				3,755
Gauge Schlesinger Coinvest, LLC - Common Equity		4/22/2020				Professional Services			—				—				465