PennantPark Floating Rate Capital Ltd. Declares August 2024 Distribution

Strategic Insights -

PennantPark Floating Rate Capital Ltd. has announced its monthly distribution for August 2024 of $0.1025 per share, which 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 generates qualified interest income and short-term capital gains, which are exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the company's periodic report filed with the Securities and Exchange Commission.

Key Takeaways:

  • PennantPark Floating Rate Capital Ltd. declares a 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 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.
  • PennantPark Floating Rate Capital Ltd. operates as a regulated investment company (RIC) and reports the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax.
  • The specific tax characteristics of the distribution can be found on the company's website, www.pennantpark.com.
  • The company manages $7.7 billion of investable capital, including potential leverage, through its parent company, PennantPark Investment Advisers, LLC.
  • PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies, as well as other middle-market borrowers, a range of financing solutions.

Statistics:

  • $0.1025: The monthly distribution for August 2024 per share.
  • September 3, 2024: The payment date for the August 2024 distribution.
  • August 16, 2024: The record date for the August 2024 distribution.
  • $7.7 billion: The amount of investable capital managed by PennantPark Investment Advisers, LLC.

Sources:

  • GlobeNewswire: PennantPark Floating Rate Capital Ltd. Declares August 2024 Distribution
  • PennantPark Floating Rate Capital Ltd. Website: www.pennantpark.com
  • PennantPark Investment Advisers, LLC Website: [https://www.pennantparkllc.com/](https://www.pennantparkllc.com/)