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Mar 31, 2024
PennantPark Floating Rate Q2 2024 Earnings Report
Announced financial results for the second quarter ended March 31, 2024.
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported solid performance for the quarter ended March 31, 2024, with increased investment income and net investment income primarily due to the growth of the debt portfolio.
Portfolio totaled $1,477.9 million as of March 31, 2024.
Invested $338.3 million in 11 new and 48 existing portfolio companies during the quarter.
Net investment income totaled $19.1 million, or $0.31 per share for the quarter.
Net increase in net assets resulting from operations totaled $31.1 million, or $0.51 per share for the quarter.
PennantPark Floating Rate
PennantPark Floating Rate
Forward Guidance
No specific forward guidance was provided in the press release.