PennantPark Floating Rate Capital Declares $0.1025 Monthly Distribution

PennantPark Floating Rate Capital Ltd. has announced its monthly distribution for September 2024, declaring a payment of $0.1025 per share. This distribution is payable on October 1, 2024, to stockholders of record as of September 16, 2024. The company expects to pay this distribution from taxable net investment income.

As a regulated investment company ("RIC"), PennantPark 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 specific tax characteristics of this 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.

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. Additionally, the company may also invest in equity investments.

PennantPark Investment Advisers, LLC, the manager of PennantPark Floating Rate Capital Ltd., is a leading middle-market credit platform, managing $8.0 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.

The specific tax characteristics of this distribution can be found on the company's website.

Today the company's shares have moved 0.7% to a price of $11.41. If you want to know more, read the company's complete 8-K report here.

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