PennantPark Floating Rate Capital Ltd. (PFLT) PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.
Industry: Asset Management
PennantPark Floating Rate Capital Ltd. NYSE:PFLT Financial Services · Asset Management
Mkt Cap $638.96M
Div Yield 17.61%
AH Close $6.44 +0.00% vs close
AH Close $6.44 +0.00% vs close
Mkt Cap $638.96M
Div Yield 17.61%
All Press Release SEC Filings News
Press Release
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2026 Results
PennantPark Floating Rate Capital Ltd. will report fourth fiscal quarter results for the period ended September 30, 2026 on Monday, November 23, 2026 after market close.
The company will host a conference call at 9:00 a.m. ET on Tuesday, November 24, 2026, with dial-in access and a webcast replay available via its investor relations site.
This is a scheduling notice only and contains no financial results; the earnings release itself is the event to watch.
• 20d ago AI analysis › Press Release
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
PennantPark Floating Rate Capital declared its October 2026 monthly distribution of $0.0833 per share.
The payout combines an $0.08 base dividend with a $0.0033 supplemental dividend, payable November 2, 2026 to holders of record October 15, 2026.
The BDC expects to pay the distribution from taxable net investment income; this is a routine declaration with no change to policy.
• 24d ago AI analysis › Press Release
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
PennantPark Floating Rate Capital Ltd. declared its September 2026 monthly distribution of $0.0833 per share, comprised of an $0.08 base dividend and a $0.0033 supplemental dividend.
The distribution is payable October 1, 2026 to stockholders of record as of September 15, 2026, and is expected to be paid from taxable net investment income.
As a regulated investment company, the Company noted that interest-related dividends may be exempt from U.S. withholding tax for properly documented non-U.S. stockholders.
This is a routine monthly declaration with no change to the payout level — low-signal for trading, though relevant to BDC income trackers.
• 1mo ago AI analysis › Press Release
PennantPark Floating Rate Capital Ltd.’s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Reset of $316.7 Million Securitization, Substantially Reducing Borrowing Costs
PennantPark's joint venture, PennantPark Senior Secured Loan Fund I, completed a reset of its $316.7 million securitization, extending the final maturity to April 2038 with 100% funding at close.
The reset reduces the weighted average cost of capital from SOFR + 2.31% to SOFR + 1.82%, significantly lowering borrowing costs for the vehicle.
PSSL will retain the Preferred Shares and Class E-R2 Notes through a consolidated subsidiary, while GreensLedge Capital Markets acted as placement agent.
• 1mo ago AI analysis › SEC Filing
PFLT: 10-Q · periodic report
PennantPark Floating Rate Capital, Ltd. filed its Form 10-Q with the SEC on August 10, 2026, covering the three and nine months ended June 30, 2026. The filing was made under accession number 0001193125-26-342352.
The filing consists of standard Sarbanes-Oxley certifications: Section 302 certifications signed by CEO Arthur H. Penn and CFO Richard T. Allorto, Jr., plus corresponding Section 906 certifications from both officers dated August 10, 2026. Neither officer disclosed any material weaknesses, significant deficiencies, or fraud in connection with the company's internal control over financial reporting.
No financial statements, operating results, or quantitative figures were included in the exhibits provided, so no assessment of the company's quarterly performance can be made from this filing alone.
SEC 10-Q • 2mo ago AI analysis › Press Release ⚠ 3
PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Third Quarter Ended June 30, 2026
PennantPark reported Q3 net investment income of $25.9 million ($0.26 per share), a slight increase from the prior year, driven primarily by $37.3 million in net realized gains compared to a loss last year.
However, net asset value per share decreased by 2.0% quarter-over-quarter to $10.26, and the board reduced the total quarterly distribution to $0.2883 per share from $0.3075.
The weighted average yield on debt investments was 9.8% with a debt-to-equity ratio of 1.56x, while the portfolio maintained a 99% variable-rate exposure.
• 2mo ago AI analysis › Press Release
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
PennantPark Floating Rate Capital declared a monthly distribution of $0.0833 per share for August 2026, comprised of a $0.08 base dividend and a $0.0033 supplemental dividend.
The distribution is payable on September 1, 2026 to stockholders of record as of August 14, 2026, and is expected to be paid from taxable net investment income.
The company operates as a business development company that primarily invests in floating rate senior secured loans to U.S. middle-market private companies.
• 2mo ago AI analysis › Press Release
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2026 Results
PennantPark Floating Rate Capital Ltd. scheduled the release of its third fiscal quarter 2026 financial results for August 10, 2026, after the market close.
The company will host a conference call to discuss the results on August 11, 2026, at 9:00 a.m. Eastern Time.
PennantPark Floating Rate Capital is a business development company externally managed by PennantPark Investment Advisers, LLC.
• 3mo ago AI analysis › Press Release
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
PennantPark Floating Rate Capital declared a monthly distribution of $0.0833 per share for July 2026, consisting of a $0.08 base dividend and a $0.0033 supplemental dividend.
The distribution is payable on August 3, 2026 to stockholders of record as of July 15, 2026, and is expected to be paid from taxable net investment income.
The company's investment adviser, PennantPark Investment Advisers, manages approximately $10 billion of investable capital.
• 3mo ago AI analysis › News
PFLA: A 7.375% Notes IPO From PennantPark Floating Rate Capital
seekingalpha.com • 4mo ago Press Release
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
PennantPark Floating Rate Capital Ltd. declared a monthly distribution of $0.0833 per share for June 2026.
The distribution consists of a $0.08 base dividend and a $0.0033 supplemental dividend, payable July 1, 2026 to stockholders of record on June 15, 2026.
The payout is expected to be funded from taxable net investment income, consistent with the company's structure as a regulated investment company.
• 4mo ago AI analysis › SEC Filing
PFLT: 8-K · debt financing
PennantPark Floating Rate Capital Ltd. (PFLT) has completed the issuance of $105 million in aggregate principal amount of 7.375% Senior Notes due 2031. The offering included $100 million in base notes and $5 million issued pursuant to a partial exercise of the underwriters' over-allotment option.
The Notes bear interest at a fixed rate of 7.375% per annum, payable quarterly, and mature on June 15, 2031. They are listed on the New York Stock Exchange under the ticker symbol PFLA. The Company received net proceeds of approximately $101.19 million after deducting underwriting discounts and offering expenses.
The Company intends to use the net proceeds to repay outstanding obligations under its revolving credit facility, invest in new or existing portfolio companies, and for general corporate purposes. This transaction replaces variable-rate debt with fixed-rate long-term debt, providing interest rate certainty for the next five years.
SEC 8-K • 4mo ago AI analysis › Press Release
PennantPark Floating Rate Capital Ltd. Prices Public Offering of $100 Million 7.375% Notes due 2031
PennantPark Floating Rate Capital Ltd. priced a $100 million offering of 7.375% senior notes due 2031.
The company granted underwriters a 30-day option to purchase up to an additional $15 million of notes to cover over-allotments.
Net proceeds will be used to repay obligations under its revolving credit facility, invest in portfolio companies, and for general corporate purposes.
• 4mo ago AI analysis › News
PennantPark Floating Rate Capital Q2 Earnings Call Highlights
marketbeat.com • 5mo ago News
PennantPark Floating Rate Capital: Lower Dividend May Improve Performance
seekingalpha.com • 5mo ago News
PennantPark Floating Rate Capital (PFLT) Q2 2026 Earnings Call Transcript
seekingalpha.com • 5mo ago News
PennantPark (PFLT) Q2 Earnings and Revenues Lag Estimates
zacks.com • 5mo ago Press Release ● Major
PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Second Quarter Ended March 31, 2026
globenewswire.com • 5mo ago Press Release
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
PennantPark Floating Rate Capital declared a monthly distribution of $0.1025 per share for May 2026, payable on June 1 to holders of record on May 15.
The distribution will be paid from taxable net investment income, with final tax characteristics to be reported on Form 1099 at year-end.
The company is managed by PennantPark Investment Advisers, LLC, which manages approximately $10 billion of investable capital.
• 5mo ago AI analysis › News
Can PennantPark's First-Lien Loans Keep Funding Income Payments
247wallst.com • 5mo ago News
Is the Options Market Predicting a Spike in PennantPark Stock?
zacks.com • 6mo ago News
PennantPark's 14% yield is running on fumes as dividend coverage cracks
247wallst.com • 6mo ago Press Release
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2026 Results
globenewswire.com • 6mo ago 
