Pennantpark $ ( (PFLT) ) has provided an announcement.
On April 2, 2025, PennantPark Floating Rate Capital Ltd. announced a monthly distribution of $0.1025 per share for April 2025, payable on May 1, 2025, to stockholders of record as of April 15, 2025. The distribution is expected to be paid from taxable net investment income, with specific tax characteristics reported to stockholders on Form 1099 after the calendar year ends. This announcement underscores the company’s ongoing commitment to providing returns to its investors and highlights its strategic focus on generating qualified interest income and short-term capital gains, potentially benefiting non-U.S. stockholders with tax exemptions.
More about Pennantpark $
PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt. The company is managed by PennantPark Investment Advisers, LLC, a leading middle market credit platform managing $9.8 billion of investable capital.
YTD Price Performance: 4.70%
Average Trading Volume: 1,325,117
Technical Sentiment Signal: Strong Sell
Current Market Cap: $984.2M
For a thorough assessment of PFLT stock, go to TipRanks’ Stock Analysis page.