Pennantpark $ ( (PFLT) ) has shared an update.
On March 4, 2025, PennantPark Floating Rate Capital Ltd. announced a monthly distribution of $0.1025 per share, payable on April 1, 2025, to stockholders of record as of March 14, 2025. This distribution is expected to be paid from taxable net investment income, and the tax characteristics will be reported to stockholders after the calendar year ends. The company operates as a regulated investment company, allowing certain distributions to be exempt from U.S. withholding tax for non-U.S. stockholders, potentially impacting its appeal to international investors.
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. Managed by PennantPark Investment Advisers, LLC, the company occasionally invests in equity and is part of a leading middle market credit platform managing $9.5 billion of investable capital.
YTD Price Performance: 5.68%
Average Trading Volume: 1,165,084
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $997.4M
Learn more about PFLT stock on TipRanks’ Stock Analysis page.
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