PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.10 per Share
April 04 2023 - 4:05PM
PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT)
(TASE: PFLT) declares its monthly distribution for April 2023 of
$0.10 per share, payable on May 1, 2023 to stockholders of record
as of April 18, 2023. The distribution is expected to be paid from
taxable net investment income. The final 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.
The Company, which operates as a regulated
investment company (“RIC”), 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 U.S. tax law
permits a RIC to report the portion of distributions paid that
represents interest-related dividends as exempt from U.S.
withholding tax when paid to non-U.S. stockholders with proper
documentation.
The specific tax characteristics of this
distribution can be found on our website www.pennantpark.com.
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a
business development company which primarily invests in U.S.
middle-market private companies in the form of floating rate senior
secured loans, including first lien secured debt, second lien
secured debt and subordinated debt. From time to time, the Company
may also invest in equity investments. PennantPark Floating Rate
Capital Ltd. is managed by PennantPark Investment Advisers,
LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC
PennantPark Investment Advisers, LLC is a leading middle market
credit platform, managing $6.1 billion of investable capital,
including potential leverage. Since its inception in 2007,
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
comprehensive range of creative and flexible financing solutions.
PennantPark Investment Advisers, LLC is headquartered in Miami and
has offices in New York, Chicago, Houston and Los Angeles.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. You should understand that under Section
27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the
Exchange Act the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 do not apply to forward-looking
statements made in periodic reports PennantPark Floating Rate
Capital Ltd. files under the Exchange Act. All statements other
than statements of historical facts included in this press release
are forward-looking statements and are not guarantees of future
performance or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in
the forward-looking statements as a result of a number of factors,
including those described from time to time in filings with the
Securities and Exchange Commission. PennantPark Floating Rate
Capital Ltd. undertakes no duty to update any forward-looking
statement made herein. You should not place undue influence on such
forward-looking statements as such statements speak only as of the
date on which they are made.
The information contained herein is based on
current tax laws, which may change in the future. The Company
cannot be held responsible for any direct or incidental loss
resulting from applying any of the information provided in this
publication or from any other source mentioned. The information
provided in this material does not constitute any specific legal,
tax or accounting advice. Please consult with qualified
professionals for this type of advice.
CONTACT:Richard T. Allorto, Jr.PennantPark Floating Rate Capital
Ltd.(212) 905-1000www.pennantpark.com
PennantPark Floating Rat... (NASDAQ:PFLT)
Historical Stock Chart
From Oct 2024 to Nov 2024
PennantPark Floating Rat... (NASDAQ:PFLT)
Historical Stock Chart
From Nov 2023 to Nov 2024