NEW YORK, Jan 5, 2021 (GLOBE NEWSWIRE) – PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ: PFLT) (TASE: PFLT) announced its January 2021 monthly dividend of $ 0.095 per share, payable February 1, 2021 to shareholders of record on January 19, 2021. The distribution is expected to be made from the taxable investment result. The final specific tax characteristics of the dividend will be reported to shareholders after the end of the calendar year on Form 1099 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 qualified interest income and short term capital gains that may be exempt from US withholding tax on distributions to non-US shareholders. US tax law allows a RIC to display that portion of distributions paid that represents interest-related dividends as exempt from US withholding tax when paid to non-US shareholders on proper records.
The specific tax characteristics of this distribution can be found 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 US mid-market private companies in the form of senior secured floating rate loans, including secured first lien debt, secured second lien 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 lending platform with approximately $ 3.5 billion in assets under management. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors with access to medium-sized business credit by providing a full suite of creative and flexible financing solutions to private equity firms and their portfolio companies and other medium-sized borrowers. PennantPark Investment Advisers, LLC is headquartered in New York with offices in Chicago, Houston and Los Angeles.
FORWARDING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand this in accordance with Section 27A (b) (2) (B) of the Securities Act and Section 21E (b). (2) (B) of the Stock Exchange Act. The “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements in periodic reports made by PennantPark Floating Rate Capital Ltd. submitted in accordance with the Stock Exchange Act. All statements other than statements of historical fact contained 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 could differ materially from those in the 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. is under no obligation to update the forward-looking statements contained herein. You should not unduly influence such forward-looking statements, as such statements speak only as of the date they are made.
The information contained herein is based on current tax laws, which are subject to change in the future. The company cannot be held responsible for direct or incidental losses arising from the application of the information provided in this publication or from any other named source. The information contained in this material is not intended to be specific legal, tax, or accounting advice. Please consult qualified professionals for this type of advice.
CONTACT:
Aviv Efrat
PennantPark Floating Rate Capital Ltd.
(212) 905-1000
www.pennantpark.com