PennantPark Floating Rate Capital Ltd. Declares August 2024 Distribution

MIAMI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. PFLT, a leading investment firm specializing in floating rate loans and other investments, has announced a monthly distribution for August 2024. The declared distribution stands at $0.1025 per share.

Distribution Details

Shareholders of PFLT can anticipate receiving the payout on September 3, 2024. The entitlement is for investors who are on record by August 16, 2024. This distribution is a testament to PFLT's commitment to delivering consistent returns to its shareholders through its investment strategies.

Company Profile

PFLT, along with related companies PennantPark Investment Corporation PNNT and Capital Power Income L.P. CAPFF, engages in the provision of access to a range of floating rate loans and other instruments. PFLT, in particular, focuses on floating rate capital solutions, serving as a critical financial partner to middle-market companies.

Investment Strategy

The investment approach of PFLT involves careful selection of opportunities within the floating-rate debt markets. The aim is to secure not only returns but also capital preservation for investors. PFLT's strategy has been crafted to perform in various market conditions, addressing the needs of investors seeking regular income.

Market Impact

The announcement of the monthly distribution has been well-received in the market, serving as a positive indicator of PFLT's financial health and stability. It is a signal of confidence to investors from other financial vehicles such as PNNT and CAPFF, suggesting the potential consistency in performance across similar investment entities.

distribution, investment, income