PennantPark Floating Rate Capital Declares Monthly Distribution

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. This distribution is expected to be paid from taxable net investment income. The company operates as a regulated investment company and generates qualified interest income and short-term capital gains.

PennantPark Floating Rate Capital Ltd. 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. The company may also invest in equity investments from time to time. The company is managed by PennantPark Investment Advisers, LLC, a leading middle market credit platform managing $7.5 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, their portfolio companies, and other middle-market borrowers a comprehensive range of creative and flexible financing solutions.

For the specific tax characteristics of the distribution, stockholders are advised to refer to the company's website,, while 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 market has reacted to these announcements by moving the company's shares 0.5% to a price of $11.58. For the full picture, make sure to review PennantPark Floating Rate Capital's 8-K report.

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