PennantPark Floating Rate Q4 2021 Earnings Report
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported its financial results for the fourth quarter and fiscal year ended September 30, 2021. The portfolio totaled $1,081.6 million. Investment income for the quarter was $21.6 million, and net investment income was $9.3 million, or $0.24 per share.
Portfolio totaled $1,081.6 million as of September 30, 2021.
Invested $185.7 million in 16 new and 18 existing portfolio companies during the quarter.
Investment income for the quarter was $21.6 million.
Net investment income for the quarter was $9.3 million, or $0.24 per share.
PennantPark Floating Rate
PennantPark Floating Rate
Forward Guidance
PFLT is poised to grow Net Investment Income through growing its balance sheet to its target leverage ratio, growing the PSSL joint venture and rotating equity investments in its successful equity co-investment portfolio.