PennantPark Floating Rate Q1 2021 Earnings Report
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported a net change in net assets resulting from operations of $26.1 million, or $0.67 per share, for the quarter ended December 31, 2020. Net investment income totaled $10.1 million, or $0.26 per share.
Portfolio totaled $1,067.3 million as of December 31, 2020.
Invested $67.0 million in five new and 17 existing portfolio companies during the quarter.
Net investment income was $10.1 million, or $0.26 per share.
Net change in net assets resulting from operations totaled $26.1 million, or $0.67 per share.
PennantPark Floating Rate
PennantPark Floating Rate
Forward Guidance
Management believes that the combination of a growing PSSL joint venture, the rotation of equity positions into yield generating debt instruments and a growing, more optimized PFLT balance sheet should position the Company well for increased income over time.