PFLT Q1 NII $13.7M ($0.30/sh); monthly dividend raised 5.3% to $0.10; NAV $11.30

PennantPark Floating Rate Capital Ltd.

Net investment income $13.7M ($0.30/sh) vs $12.7M ($0.33/sh) YoY; net ops decrease $(1.6)M.
Monthly distribution increased 5.3% to $0.10/sh; payable Apr 3, 2023 to record Mar 16, 2023.
Portfolio yield rose to 11.3% from 10.0% at Sep 30; 100% floating-rate; 3 non-accrual companies (1.9% cost).
NAV per share fell to $11.30 from $11.62, a 2.7% quarterly decline.
Subsequent to quarter, raised ~$47.6M from Jan 2023 equity offering of 4.3M shares at $11.10/sh.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PennantPark Floating Rate Capital Ltd. reported financial results for the first fiscal quarter ended December 31, 2022.

Period: the first fiscal quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On February 8, 2023, PennantPark Floating Rate Capital Ltd., issued a press release announcing its financial results for the first fiscal quarter ended December 31, 2022 and an increase of its monthly distribution.

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PennantPark Floating Rate Capital Ltd. filing history →

Source: SEC EDGAR

accession 0000950170-23-002142

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