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An explanation behind the rise in popularity of this all-weather asset class.Continue Reading

MIAMI , March 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE: PFLT) declares its monthly distribution for March 2024 of $0.1025 per share, payable on April 1, 2024 to stockholders of record as of March 18, 2024 .Continue Reading

MIAMI , March 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for March 2024 of $0.07 per share, payable on April 1, 2024 to stockholders of record as of March 18, 2024 . The distribution is expected to be paid fromContinue Reading

Perception Versus Reality: Despite the claim that bigger companies are safer investments than smaller ones, the data tells us otherwise.Continue Reading

Nineties hip-hop artist, Notorious B.I.G., may as well have written “Mo Money, Mo Problems” about credit mega-fund capital deployment.Continue Reading

Approximately 90% of loans underwritten today are considered “covenant-lite”(1). Covenant-lite deals expose the lender to increased risks as the lender has limited protections in place to ensure that their loan repayment is fulfilled and prioritized. This is particularly problematic in a rising or high-rate environment.Continue Reading

MIAMI , Feb. 22, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “ Company ”) (NYSE: PFLT) today announced that it completed a $350.55 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralizedContinue Reading

MIAMI , Feb. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today its financial results for the first quarter ended December 31, 2023 . HIGHLIGHTS Quarter ended December 31, 2023 (Unaudited) ($ in millions, except per share amounts) AssetsContinue Reading

MIAMI , Feb. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the first quarter ended December 31, 2023 . HIGHLIGHTS         Quarter ended December 31, 2023 (unaudited) ($ in millions, except per share amounts)Continue Reading

MIAMI , Feb. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE: PFLT) declares its monthly distribution for February 2024 of $0.1025 per share, payable on March 1, 2024 to stockholders of record as of February 15, 2024 .Continue Reading