PennantPark Variable Rate Capi – GuruFocus.com

MIAMI, June 02, 2022 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (: PFLT) (TASE: PFLT) declares its monthly distribution for June 2022 of $0.095 per share, payable July 1, 2022 to shareholders of record as of June 17, 2022. The distribution is expected to be paid out of income taxable net investment. The final specific tax characteristics of the distribution will be disclosed to shareholders 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 qualifying interest income and short-term capital gains which may be exempt from US withholding tax when are distributed to non-US shareholders. US tax law permits an RIC to declare the portion of distributions paid that represent interest-related dividends as exempt from US withholding tax when paid to non-US shareholders with proper documentation.

The tax specificities of this distribution can be consulted on our website. pennantpark.com.

ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

PennantPark Floating Rate Capital Ltd. is a business development company that invests primarily in middle-market U.S. private companies in the form of variable rate senior secured loans, including senior secured debt, junior secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

PennantPark Investment Advisers, LLC is a leading middle-market lending platform, managing $6.0 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors with access to middle market credit by offering private equity firms and their portfolio companies and other middle market borrowers a range full range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami with offices in New York, Chicago, Houston and Los Angeles.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and the section 21E(b)(2)(B) of the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports that PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in forward-looking statements due to a number of factors, including those described from time to time in documents filed with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. assumes no obligation to update any forward-looking statements made herein. You should not exert undue influence on these forward-looking statements, because these statements speak only as of the date on which they are made.

The information contained in this document is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from the application of any of the information provided in this publication or from any other source mentioned. The information provided in this document does not constitute specific legal, tax or accounting advice. Please consult qualified professionals for this type of advice.

CONTACT:
Richard Cheung
PennantPark Floating Rate Capital Ltd.
(212) 905-1000
pennantpark.com

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