PennantPark Floating Rate Capital Q2 NII $0.35/sh; dividend raised 2.5% to $0.1025

PennantPark Floating Rate Capital Ltd.

Net investment income of $16.7M ($0.35/sh) vs $0.29 in prior-year quarter; core NII $0.34/sh.
NAV per share $11.15, down 1.3% QoQ; weighted average yield on debt investments 11.8%.
Monthly distribution increased 2.5% to $0.1025/sh, payable July 3 to holders of record June 15.
Expects ~$4.0M distribution from Dominion Voting Systems settlement with Fox News.
PSSL subsidiary CLO VI closed a $297.8M debt securitization with reinvestment period through 2027.

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 0.95

PennantPark Floating Rate Capital Ltd. reported financial results for the second quarter ended March 31, 2023.

Period: the second quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 10, 2023, PennantPark Floating Rate Capital Ltd. (the "Company"), issued a press release announcing its financial results for the second fiscal quarter ended March 31, 2023 and an increase of its monthly distribution.

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Source: SEC EDGAR

accession 0000950170-23-020496

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