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Jun 30, 2022
PennantPark Floating Rate Q3 2022 Earnings Report
Announced financial results, highlighting strong credit performance and strategic positioning against rising inflation and interest rates.
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported a net decrease in net assets resulting from operations of $(5.1) million, or $(0.12) per share, for the quarter ended June 30, 2022. The portfolio totaled $1,226.4 million, with a weighted average yield on debt investments of 8.5%.
Portfolio totaled $1,226.4 million as of June 30, 2022.
Invested $104.8 million in six new and 39 existing portfolio companies during the quarter.
Weighted average yield on debt investments was 8.5%.
Net investment income totaled $11.8 million, or $0.29 per share.