PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

Core Points - PennantPark Floating Rate Capital Ltd. declared a monthly distribution of $0.1025 per share for June 2024, payable on July 1, 2024, to stockholders of record as of June 14, 2024 [1] - The distribution is expected to be paid from taxable net investment income, with specific tax characteristics reported on Form 1099 after the calendar year [1] - The company operates as a regulated investment company (RIC), generating qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax for non-U.S. stockholders [2] Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company primarily investing in U.S. middle-market private companies through floating rate senior secured loans, including first lien, second lien, and subordinated debt [4] - The company may also invest in equity investments occasionally [4] - Managed by PennantPark Investment Advisers, LLC, which oversees $7.5 billion of investable capital, including potential leverage [5] Management and Operations - PennantPark Investment Advisers, LLC has been providing access to middle market credit since its inception in 2007, offering a range of financing solutions to private equity firms and their portfolio companies [5] - The firm is headquartered in Miami, with additional offices in New York, Chicago, Houston, Los Angeles, and Amsterdam [5]