PFLT prelim Q1 NAV $11.17-$11.22, NII $0.32-$0.34, non-accrual down to one loan

PennantPark Floating Rate Capital Ltd.

Net asset value per share estimated $11.17-$11.22 vs $11.13 at Sept 30, 2023.
Net investment income estimated $0.32-$0.34 per share vs $0.32 prior quarter; core NII same range.
Non-accrual loans reduced from three to one, now 0.1% of portfolio at cost and 0.0% at fair value.
Borrowings: $260.9M credit facility, $185M 4.25% Notes due 2026, $228M asset-backed debt due 2031.
Cash $75.8M and unused credit facility capacity $125.1M as of Dec 31, 2023.

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 the quarter ended December 31, 2023 results: net income between $0.32 and $0.34 per common share.

Period: the quarter ended December 31, 2023
Net income: between $0.32 and $0.34 per common share
Result: preliminary results

Exact text from the filing

On January 12, 2024, PennantPark Floating Rate Capital Ltd. (the “Company”) announced certain preliminary estimates of its financial results for the quarter ended December 31, 2023.

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PennantPark Floating Rate Capital Ltd. filing history →

Source: SEC EDGAR

accession 0001171843-24-000243

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