PennantPark Floating Rate Capital (PFLT) Tops Q1 EPS by 1c

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PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended December 31, 2016

February 9, 2017 4:06 PM EST

NEW YORK, NY -- (Marketwired) -- 02/09/17 -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) announces today financial results for the first fiscal quarter ended December 31, 2016.

HIGHLIGHTS Quarter ended December 31, 2016 ($ in millions, except per share amounts)

Assets and Liabilities: Investment portfolio $ 656.9 Net assets $ 377.1 Net asset value per share $ 14.11 Credit Facility $ 299.9 Yield on debt investments at quarter-end 7.9% Operating Results: Net investment income $ 6.8 GAAP net investment income per share $ 0.26 Capital gain incentive fee accrued but not payable per share $ 0.02 Core net investment income per share (1) $ 0.28 Distributions declared per share $ 0.285 Portfolio Activity: Purchases of investments $ 124.8 Sales and repayments of investments... More