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Mar 31, 2023
PennantPark Floating Rate Q2 2023 Earnings Report
Announced a 2.5% increase in its monthly distribution to $0.1025 per share and reported financial results for the quarter ended March 31, 2023.
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported a net investment income of $16.7 million, or $0.35 per share, for the quarter ended March 31, 2023. The company's portfolio totaled $1,164.0 million, with a weighted average yield on debt investments of 11.8%. A distribution of $0.1025 per share was declared, representing a 2.5% increase from the previous distribution.
Investment portfolio totaled $1,164.0 million.
GAAP net asset value per share was $11.15, with a quarterly decrease of (1.3)%.
Net investment income was $16.7 million, or $0.35 per share.
Distributions declared per share amounted to $0.29.