NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) – PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ: PFLT) (TASE: PFLT) announces its monthly dividend for June 2021 of $ 0.095 per share, payable on July of January 2021 to shareholders of record as of June 17, 2021. The distribution is expected to be made out of the taxable net investment income. The final tax details of the dividend will be disclosed 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 report the portion of distributions paid that represents interest-related dividends as exempt from US withholding tax when paid to non-US shareholders with proper documentation.
The tax details 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 private small and medium-sized companies in the form of senior secured floating rate loans, including secured first lien, secured second lien and subordinated loans. 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 midmarket lending platform, managing $ 4.7 billion in investable capital, including potential leverage. 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.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that pursuant to Section 27A (b) (2) (B) of the Securities Act and Section 21E (b) (2) (B) of the Exchange Act, the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995 apply does not support forward-looking statements in periodic reports that PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements in this press release other than historical facts 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 in filings with the Securities and Exchange Commission from time to time. PennantPark Floating Rate Capital Ltd. assumes no obligation to update any forward-looking statements made herein. You should not exercise undue influence on such forward-looking statements, as these statements speak only as of the date of their publication.
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 any loss, direct or incidental, that may arise from applying the information provided in this publication or from any other named sources. The information contained in this material does not constitute specific legal, tax, or accounting advice. Please contact qualified professionals for this type of advice.
PennantPark Floating Rate Capital Ltd.