PennantPark Floating Rate Q3 2024 Earnings Report
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported a solid performance for the third quarter ended June 30, 2024, with increased investment income and net investment income compared to the same period in the prior year. The company's portfolio totaled $1,658.9 million, and it actively invested in new core middle market loans.
Portfolio totaled $1,658.9 million as of June 30, 2024.
Invested $320.9 million in nine new and 45 existing portfolio companies during the quarter.
Net investment income totaled $21.2 million, or $0.31 per share.
Weighted average yield on debt investments was 12.1%.
PennantPark Floating Rate
PennantPark Floating Rate
Forward Guidance
The press release contains forward-looking statements, and actual results may differ materially due to various risks and uncertainties. The company undertakes no duty to update any forward-looking statement.