NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) – PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for June 2021 of $ 0.095 per share, payable on July 1, 2021 to shareholders of record on June 17, 2021. The distribution is expected to be paid from net taxable investment income. The final specific tax details of the distribution will be reported 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 incurred. are distributed to non-US shareholders. US tax laws allow an RIC to report 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 specific tax characteristics of this distribution are available on our website www.pennantpark.com.
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company that invests primarily in private mid-market US companies in the form of variable rate senior secured loans, including senior secured debt, second 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 mid-market credit platform, managing $ 4.7 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 holding companies as well as other middle market borrowers a full range creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in New York with offices in Chicago, Houston and Los Angeles.
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. All statements other than statements of historical fact 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 forward-looking statements due to a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. does not undertake to update any forward-looking statements contained in this document. You should not exercise undue influence over these forward-looking statements because such statements speak only as of the date on which they are made.
The information contained in this document is based on applicable tax laws, which may change in the future. The Company cannot be held liable 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.
PennantPark Floating Rate Capital Ltd.