United States. Securities and Exchange Commission

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

Strategic Insights

Oct 2, 2024 — 1 min read

PennantPark Floating Rate Capital Ltd. (the "Company") has declared its monthly distribution for October 2024 of $0.1025 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. This announcement comes as the Company continues to generate qualified interest income and short-term capital gains, which may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders.

Key Takeaways:

The Company has declared a monthly distribution of $0.1025 per share for October 2024, payable on November 1, 2024 to stockholders of record as of October 16, 2024.
The distribution is expected to be paid from taxable net investment income, which includes qualified interest income and short-term capital gains.
Non-U.S. stockholders with proper documentation may be exempt from U.S. withholding tax when receiving these distributions.
The Company has generated $8.0 billion of investable capital, including potential leverage, as managed by PennantPark Investment Advisers, LLC.
The investment firm has provided investors access to middle market credit since its inception in 2007.
PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans.

Statistics:

$0.1025: Monthly distribution per share for October 2024.
$8.0 billion: Amount of investable capital managed by PennantPark Investment Advisers, LLC.
$0.1025: Distribution amount per share for October 2024, payable on November 1, 2024.

Sources:

Citizens of the World - Make Your First Investment in Musical Instruments for the Clock: https://www.pennantpark.com/
PennantPark Floating Rate Capital Ltd. - Home: https://www.pennantpark.com/
GlobeNewswire (MIL-OSI) - PennantPark Floating Rate Capital Ltd. Declares Monthly Distribution for October 2024.

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