PennantPark Floating Rate Capital Ltd. Declares Monthly Distribution for July 2024

Strategic Insights -

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced its monthly distribution for July 2024, set at $0.1025 per share, payable on August 1, 2024 to stockholders of record as of July 15, 2024. The distribution is expected to be paid from taxable net investment income, and the Company will report the tax characteristics of the distribution on Form 1099 after the end of the calendar year and in its periodic report filed with the Securities and Exchange Commission.

Key Takeaways:

  • PennantPark Floating Rate Capital Ltd. has declared a monthly distribution of $0.1025 per share for July 2024, payable on August 1, 2024 to stockholders of record as of July 15, 2024.
  • The distribution is expected to be paid from taxable net investment income.
  • The Company will report the tax characteristics of the distribution on Form 1099 after the end of the calendar year and in its periodic report filed with the Securities and Exchange Commission.
  • PennantPark Floating Rate Capital Ltd. generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders.
  • The Company operates as a regulated investment company ("RIC") and has reported $7.5 billion of investable capital.
  • PennantPark Investment Advisers, LLC, the Company's manager, has provided investors access to middle market credit since its inception in 2007, offering private equity firms and their portfolio companies, as well as other middle-market borrowers, a comprehensive range of creative and flexible financing solutions.

Statistics:

  • Monthly distribution for July 2024: $0.1025 per share
  • Payable date: August 1, 2024
  • Record date: July 15, 2024
  • Total reported investable capital: $7.5 billion
  • Years of providing access to middle market credit: 17 (since 2007)
  • Number of offices: 5 (Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam)

Sources:

  • Globe Newswire, "PennantPark Floating Rate Capital Ltd. Declares Monthly Distribution for July 2024"
  • PennantPark Floating Rate Capital Ltd. Official Press Release
  • PennantPark Floating Rate Capital Ltd. Website
  • SEC Form 10-K
  • PennantPark Investment Advisers, LLC Website