Sign in Subscribe
Investment companies

PennantPark Floating Rate Capital Ltd. Declares August Distribution

Strategic Insights

— 1 min read

PennantPark Floating Rate Capital Ltd. has announced its monthly distribution for August 2024 of $0.1025 per share, payable on September 3, 2024, to stockholders of record as of August 16, 2024. The distribution is expected to be paid from taxable net investment income. The Company operates as a regulated investment company ("RIC") and 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.

Key Takeaways:

  • The Company declared a monthly distribution of $0.1025 per share for August 2024.
  • The distribution is payable on September 3, 2024, to stockholders of record as of August 16, 2024.
  • The distribution is expected to be paid from taxable net investment income.
  • The Company operates as a RIC and 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's portfolio primarily consists of U.S. middle-market private companies in the form of floating rate senior secured loans.
  • The Company is managed by PennantPark Investment Advisers, LLC, a leading middle market credit platform managing $7.7 billion of investable capital.
  • The Company has offices in Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.

Statistics:

  • The Company declared a monthly distribution of $0.1025 per share.
  • The Company's portfolio consists of U.S. middle-market private companies.
  • PennantPark Investment Advisers, LLC manages $7.7 billion of investable capital.
  • The Company has offices in 6 locations: Miami, New York, Chicago, Houston, Los Angeles, and Amsterdam.

Sources:

1. GlobeNewswire: "PennantPark Floating Rate Capital Ltd. Declares August Distribution"

2. PennantPark Floating Rate Capital Ltd.: "About Us" page

Read more