PennantPark Floating Rate Capital Ltd. (PFLT) Company Bio
PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies. The company is based in New York City, New York.
The BDC sector has been one of the harder-hit sectors over the past 6 months, due to concerns surrounding the health of middle-market companies across America and their ability to pay their lenders. This has resulted in a material underperformance by the sector as compared to the overall market. As...
PennantPark Floating Rate Capital Ltd. (the "Company") (PFLT) (PFLT) declares its monthly distribution for July 2020 of $0.095 per share, payable on August 3, 2020 to stockholders of record as of July 16, 2020. 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.