EXHIBIT 99.1 PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2024 MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the first quarter ended December 31, 2024. HIGHLIGHTS Quarter ended December 31, 2024 (Unaudited) ($ in millions, except per share amounts) | Assets and Liabilities: | | | | --- | --- | --- | | Investment portfolio | $ | 2,193.9 | | Net assets | $ | 9 ...

MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the first quarter ended December 31, 2024. HIGHLIGHTSQuarter ended December 31, 2024 (Unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $2,193.9 Net assets $962.7 GAAP net asset value per share $11.34 Quarterly increase in GAAP net asset value per share 0.3%Adjusted net asset value per share (2) $11.34 Quarterly increase ...

Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality dividend stocks, and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth sto ...

MIAMI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the first fiscal quarter ended December 31, 2024 on Monday, February 10, 2025 after the close of the financial markets. The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, February 11, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-fr ...

MIAMI, Dec. 26, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) announced that it has upsized its credit facility, led by Truist Bank (the “Credit Facility”) to $736 million from $636 million. Pricing on this facility remained unchanged at SOFR plus 225 basis points. “We are appreciative of the support from all of our existing lending partners. Their support highlights the confidence they have in our excellent long-term track record,” said Arthur Penn, Chairman and Chie ...

This little-known supercharged income stock doles out a payment to its shareholders on a monthly basis.One of the great things about putting your money to work on Wall Street is there's more than one way to generate a profit. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, every investor is likely to find one or more securities that'll help them meet their goals.But among the countless ways to build wealth on Wall Street, buying and holding dividend stocks has hi ...

Income-seeking investors looking for ultra-high-yield dividend stocks can find what they're looking for in the healthcare and finance sectors. Walgreens Boots Alliance (WBA 2.14%) and PennantPark Floating Rate Capital (PFLT -0.28%) offer yields above 10% at recent prices.Before opening your brokerage application to buy these stocks, it's important to remember dividend yields usually don't climb this high unless investors are worried about the underlying businesses.Here's a quick look at what's been pushing ...

As high-yield dividend stocks go, you can't get much higher than PennantPark Floating Rate Capital's (PFLT 0.36%) more than 11%. That hasn't made this business development company (BDC) a hit lately, though; its stock has fallen since Nov. 25 while the S&P 500 index inched into positive territory. Let's look at why the stock has gone nowhere, and evaluate whether this presents a good buying opportunity for investors. A prime lenderThe news that drove down PennantPark's share price hit the headlines toward t ...

Financial Data and Key Metrics Changes - For the quarter ended September 30, core net investment income was $0.32 per share, an increase from $0.24 per share in the previous quarter [7][23] - The portfolio grew to $2 billion, representing a 20% increase from the prior quarter [7] - GAAP and adjusted NAV decreased by 0.3% to $11.31 per share from $11.34 per share [14][24] Business Line Data and Key Metrics Changes - The weighted average yield on debt investments was 11.5%, with approximately 100% of the debt portfolio being floating rate [25] - The portfolio comprised 88% first-lien senior secured debt, with non-accruals representing only 0.4% of the portfolio at cost and 0.2% at market value [15][25] - The weighted average debt-to-EBITDA ratio for new portfolio companies was 3.4x, with an interest coverage ratio of 2.5x [8][30] Market Data and Key Metrics Changes - The market yield on first-lien term loans tightened by 50 to 75 basis points [10] - The debt-to-equity ratio as of September 30 was 1.35x, with a target ratio of 1.5x [11][24] Company Strategy and Development Direction - The company focuses on capital preservation as a senior secured first-lien lender in the core middle market, which is seen as providing attractive investment opportunities [16] - The company has a long-term track record of generating value by financing growing middle market companies in five key sectors: business services, consumer, government services and defense, health care, and software and technology [16] - The company aims to maintain a steady, stable, and protected dividend stream while preserving capital [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current vintage of core middle market loans, citing lower leverage, higher spreads, and tighter covenants compared to the upper middle market [10][30] - The company anticipates continued activity in the M&A environment, which may lead to opportunities for equity co-investments and capital rotation [31][41] - Management remains cautious about potential impacts from interest rate changes and credit quality but believes the current portfolio is well-positioned [46] Other Important Information - The company closed a refinancing and upsize of a $351 million term debt securitization transaction with a weighted average spread of 1.89%, a decrease of 50 basis points from the prior level [11][12] - The joint venture portfolio totaled $913 million, with the JV remaining active during the quarter [13] Q&A Session Summary Question: What do you see in the current vintage that is attractive? - Management highlighted the average debt-to-EBITDA of 3.4x, average interest coverage of 2.5x, and loan-to-value of 38% as indicators of a strong current vintage [29] Question: Where has the deterioration occurred in terms of terms? - Management noted that while spreads have tightened, covenant cushions have remained protective, with current cushions at 30% to 35% [34] Question: What is the impact of the decline in non-accruals this quarter? - Management confirmed that two out of three non-accruals from the previous quarter remain on non-accrual status, with one having restructured [37] Question: How is the origination activity and repayments looking? - Management indicated that repayments are occurring due to a more active M&A environment, estimating a $2 out to $1 ratio of new investments to repayments [42] Question: What are the thoughts on the dividend and earnings power? - Management discussed the balance of downside risks from interest rates and credit quality against upside potential from equity co-investments and joint ventures [46]

MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities:      Investment portfolio (1)    $1,983.5 Net assets    $877.3 GAAP net asset value per share    $11.31 Quarterly decrease in GAAP net asset value per share     (0.3)%Adjusted net asset value per ...