PennantPark Floating Rate Capital Q4 NII $0.32/sh; reports material weaknesses in ICFR

PennantPark Floating Rate Capital Ltd.

Q4 net investment income $18.5M ($0.32/sh); Core NII $0.32/sh; distributions declared $0.31/sh.
Portfolio $1.07B; weighted-average debt yield 12.6%; NAV $11.13 (+1.6% QoQ).
Fiscal year NII $67.5M ($1.33/sh) vs $48.6M ($1.18/sh) prior year.
Discloses material weaknesses in internal controls over cash reconciliations and interest income analysis; no expected impact on financial statement accuracy.
PSSL joint venture portfolio $785.9M; 105 companies; weighted-average yield 12.1%.

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 preliminary financial results for the fiscal year ended September 30, 2023.

Period: the fiscal year ended September 30, 2023
Result: preliminary results

Exact text from the filing

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PennantPark Floating Rate Capital Ltd. reported preliminary financial results for the fourth fiscal quarter ended September 30, 2023.

Period: the fourth fiscal quarter ended September 30, 2023
Result: preliminary results

Exact text from the filing

On November 15, 2023, PennantPark Floating Rate Capital Ltd., or the Company, issued a press release announcing its financial results for the fourth fiscal quarter ended September 30, 2023.

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PennantPark Floating Rate Capital Ltd. filing history →

Source: SEC EDGAR

accession 0000950170-23-064197

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