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Jun 30, 2020
PennantPark Floating Rate Q3 2020 Earnings Report
PennantPark Floating Rate Capital Ltd. announced financial results for the third fiscal quarter ended June 30, 2020.
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported a net change in net assets resulting from operations totaling $12.6 million, or $0.32 per share, for the three months ended June 30, 2020. The portfolio totaled $1,104.4 million as of June 30, 2020.
Achieved a 3% increase in adjusted NAV.
Reduced leverage.
Increased liquidity.
Portfolio totaled $1,104.4 million as of June 30, 2020.
PennantPark Floating Rate
PennantPark Floating Rate
PennantPark Floating Rate Revenue by Segment
Revenue by Segment
First Lien Secured Debt Revenue
CapyFin.comOther Investments Revenue
CapyFin.com Forward Guidance
The company expects that the COVID-19 pandemic will continue to have a material adverse impact on future net investment income, the fair value of portfolio investments, and the results of operations and financial condition of its portfolio companies.
Challenges Ahead
- COVID-19 pandemic will continue to have a material adverse impact on future net investment income.
- COVID-19 pandemic will continue to have a material adverse impact on the fair value of our portfolio investments.
- COVID-19 pandemic will continue to have a material adverse impact on the results of operations of our portfolio companies.
- COVID-19 pandemic will continue to have a material adverse impact on the financial condition of our portfolio companies.
- Risk of breaching the relevant covenants due to continued increase in unrealized depreciation of our investment portfolio